THT Heat Transfer Technology, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported sales revenue of $10,912,000 against $11,195,000 a year ago. Operating income was $658,000 against $1,830,000 a year ago. Income before income taxes was $608,000 against $1,470,000 a year ago. Net income attributable to the equity stockholders was $354,000 or $0.02 against $1,440,000 or $0.07 a year ago.

Net cash used in operating activities for the six months was $4,499,000 against $1,449,000 for the same period a year ago. The increase in net cash used in operating activities was mainly attributable to prepayment for the purchase of raw materials and staff advance in the amount of $6.0 million in anticipation of the production requirements for the upcoming production schedule in the third quarter 2013; the increase in inventory by $3.0 million; the decrease in trade receivables by $2.0 million and the decrease in other payables and accrued expenses.

The company provides earnings guidance for the third quarter of 2013. The company expects to generate sales revenue in the range of $12.0 million to $13.5 million in the third quarter 2013, compared with $12.5 million in the same period of 2012. This represents the company's preliminary view, and is subject to change.