THT Heat Transfer Technology, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Sales revenue for the second quarter of 2014 was $12.7 million, a 16.5% increase from $10.9 million during the same period of 2013. The increase was primarily attributable to higher sales revenue from heat exchange units and plate heat exchangers. Income before income tax was $0.9 million in the second quarter of 2014, an increase of 54.7% compared with $0.6 million in the same period of 2013. The increase was mainly due to an increase in gross profit. Net income attributable to common shareholders was $0.9 million in the second quarter of 2014, a 162.2% increase compared with $0.3 million in the same period of 2013. The increase was due to the cumulative effect of the foregoing factors. Basic and fully diluted net income per share was $0.05 in the second quarter of 2014, compared with $0.02 in the same period of 2013.

Net cash provided by operating activities was $1.594 million against net cash used in operating activities of $4.49 million a year ago.

The company expects to generate sales revenue in the range of $22 million to $28 million in the third quarter of 2014, compared with $13.8 million in the same period of 2013. This represents the company's preliminary view, and is subject to change.