Exhibit 99.1

THT Heat Transfer Technology, Inc. Announces
Third Quarter 2012 Results

Third quarter 2012 sales revenue totaled US$12.5 million, exceeding guidance

SIPING, CHINA — November 14, 2012 — THT Heat Transfer Technology, Inc. (NASDAQ:THTI, “the Company”, or “THT”), a leading provider of heat exchangers and heat exchange solutions in China’s clean technology industry, today announced its unaudited financial results for the third quarter ended September 30, 2012.

Third Quarter 2012 Financial Highlights

• Sales revenue increased by 21.3% year-over-year to US$12.5 million. Sales revenue exceeded the Company’s previously announced guidance of US$10 million to US$12 million for the third quarter 2012.
• Gross profit increased by 14.9% year-over-year to US$5.2 million.
• Gross margin was 41.4%, compared to 43.8% for the third quarter 2011.
• Operating income increased by 325.7% year-over-year to US$0.8 million.
• Net income attributable to common stockholders increased by 312.7% year-over-year to US$0.5 million.
• Basic and fully diluted net income per share was US$0.02, compared with net income per share of US$0.01 for the third quarter 2011.

Chairman and Chief Executive Officer Guohong Zhao commented, “Against a backdrop of continuing global macroeconomic headwinds, moderating domestic economic activity and more conservative credit policies, we managed to deliver a steady financial performance in the third quarter with revenues exceeding our guidance. The market for plate heat exchanges and air-cooled heat exchangers remained challenging, with revenues in both segments decreasing on a year-over-year basis. However, this decrease was offset by robust growth in heat exchange units and shell-and-tube heat exchangers, continuing the trend from the preceding quarter and further demonstrating the success of our strategy to develop a more diversified and stable revenue base.

“While we are pleased with our progress in the quarter and are beginning to see some positive longer-term economic indicators, we expect that the challenging market conditions that we have faced over the past year will continue to impact demand in our end markets in the fourth quarter. As a result, we have taken a conservative view of our outlook and expect revenue in the fourth quarter to decline on a year-over-year basis. Nevertheless, we believe that our underlying business and our financial position remain sound, and that we have the right strategy in place to return us to a growth trajectory as and when the economy improves.”

Third Quarter 2012 Financial Results

Revenue
Sales revenue for the third quarter 2012 was US$12.5 million, a 21.3% increase from US$10.3 million during the same period in 2011, primarily due to increased sales revenue from heat exchange units and shell-and-tube heat exchangers. Sales volume of heat exchange products totaled 704 units in the third quarter 2012, an increase of 59 units from 645 units in the same period of 2011.

In terms of revenue breakdown for the third quarter 2012, sales revenue from heat exchange units increased by US$3.1 million, or 223.9%, to US$4.5 million from US$1.4 million in the same period of 2011, mainly due to the increased product demand in the heating industry. Sales revenue from shell-and-tube heat exchangers increased by US$1.4 million, or 178.6% year-over-year, to US$2.2 million from US$0.8 million. During the third quarter 2012, sales revenue from plate heat exchangers totaled US$4.4 million, a decrease of 5.1% compared with US$4.6 million in the third quarter 2011. In addition, sales revenue from air-cooled heat exchangers was US$0.1 million, an 87.9% decrease from US$1.1 million compared to the same period of 2011.

Cost of Sales
Cost of sales for the third quarter 2012 increased 26.3% year-over-year to US$7.3 million from US$5.8 million in the third quarter 2011, reflecting the increase in the Company’s sales revenue.

Gross Profit and Gross Margin
Gross profit increased 14.9% to US$5.2 million during the third quarter 2012, from US$4.5 million in the same period of 2011, mainly due to increased sales revenue. Gross margin was 41.4% for the third quarter 2012, compared with 43.8% during the year-earlier period, mainly due to an increase in labor costs and raw material costs.

Operating Expenses
Administrative expenses increased 44.8% to US$2.4 million in the third quarter 2012, from US$1.6 million for the same period of 2011, primarily due to an increase in allowance for doubtful accounts.

Research and development expenses decreased 13.6% year-over-year to US$0.3 million, from US$0.4 million in the third quarter 2011, mainly due to the fewer number of new products currently under development.

Selling expenses decreased 28.8% to US$1.6 million for the third quarter 2012, compared with US$2.3 million during the same period of 2011, mainly due to a decrease in travelling expenses incurred by the Company’s sales personnel.

This resulted in total operating expenses of US$4.3 million in the third quarter 2012, in line with US$4.3 million in the same period of 2011.

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Other Income
Other income amounted to US$0.3 million in the third quarter 2012, a 354.1% increase from approximately US$0.1 million in the same period of 2011.

Income before Income Tax
Income before income tax was US$0.7 million in the third quarter 2012, compared with a loss before income taxes of approximately US$0.1 million in the same period of 2011.

Income Tax
Income tax increased 38.6% to US$123,732 in the third quarter 2012 from US$89,283 in the same period of 2011. The increase was mainly due to an increase in taxable income.

Net Income
Net income attributable to common shareholders was US$0.5 million in the third quarter 2012, a 312.7% increase compared with US$0.1 million in the same period in 2011.

Basic and fully diluted net income per share was US$0.02 in the third quarter 2012, compared with US$0.01 in the same period of 2011.

Liquidity
As of September 30, 2012, the Company had cash and cash equivalents of US$7.2 million and restricted cash of US$1.7 million. During the first nine months of 2012, there was a net cash outflow of US$0.1 million, compared with a net cash outflow of US$15.1 million in the same period of 2011.

Net cash used in operating activities was US$4.3 million for the first nine months of 2012, compared with US$14.2 million for the same period of 2011. Net cash used in operating activities during the first nine months of 2012 decreased compared to the same period in 2011, mainly attributable to the fact that collections from trade customers were relatively high in the 2012 period which was a result of installment payments being made by the Company’s customers, credit sales granted to customers decreasing as a result of decreased turnover, and other receivables prepayment and deposits decreasing due to reduced cash advances to staff and prepayment to trade suppliers for the nine month period ended in September 30, 2012.

Net cash used in investing activities was US$1.1 million for the first nine months of 2012, compared with US$5.6 million for the same period in 2011.

Net cash provided by financing activities was US$5.3 million for the first nine months of 2012, compared with net cash used in financing activities of US$4.4 million for the same period in 2011.

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Fourth Quarter 2012 Guidance

THT expects to generate sales revenue in the range of US$11 million to US$13 million in the fourth quarter 2012, compared with US$19.2 million in the fourth quarter 2011. This represents the Company’s preliminary view, and is subject to change.

Recent Developments

The Company has received comments from the Securities and Exchange Commission on its accounting treatment of the Make Good Escrow Agreement (the “Make Good Agreement”) entered on November 2, 2010 in connection with the Company’s issuance of 4,453,500 shares to certain accredited investors for approximately $14,251,200. The Company is in the process of evaluating whether the treatment of the Make Good Agreement as liability would have had a material effect on the Company’s financial statements for the period between November 2, 2010 and February 2013 when the make good pledger eventually releases the make good shares to the investors.

Conference Call

THT senior management will host a conference call on Thursday, November 15, 2012 at 8:00 a.m. (Eastern) / 5:00 a.m. (Pacific) / 9:00 p.m. (Beijing / Hong Kong) to discuss the Company’s third quarter 2012 financial results and recent business activity. The conference call may be accessed by calling:

A telephone replay will be available shortly after the call until November 26, 2012 by dialing the following numbers: