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Condensed Consolidated Statements of Income and Comprehensive Income (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Sales revenue $ 14,179,746 $ 12,176,674 $ 28,232,666 $ 22,305,963
Cost of sales (8,102,332) (6,832,994) (16,112,561) (12,715,884)
Gross profit 6,077,414 5,343,680 12,120,105 9,590,079
Operating expenses        
Administrative expenses 1,027,211 1,005,291 1,740,142 1,784,635
Research and development expenses 437,173 188,581 784,662 362,034
Selling expenses 1,524,185 1,341,283 3,224,048 2,839,139
Total operating expenses 2,988,569 2,535,155 5,748,852 4,985,808
Income from operations 3,088,845 2,808,525 6,371,253 4,604,271
Interest income 10,030 2,686 23,916 7,236
Other income 847,930 78,647 852,687 164,251
Finance costs (209,389) (128,833) (401,986) (260,642)
Income before income taxes 3,737,416 2,761,025 6,845,870 4,515,116
Income taxes (493,072) (407,048) (917,538) (725,099)
Net income before noncontrolling interests 3,244,344 2,353,977 5,928,332 3,790,017
Net loss attributable to noncontrolling interests 69,061 37,573 41,650 100,959
Net income attributable to THT Heat Transfer Technology Inc. common stockholders 3,313,405 2,391,550 5,969,982 3,890,976
Net income before noncontrolling interests 3,244,344 2,353,977 5,928,332 3,790,017
Other comprehensive income        
Foreign currency translation adjustments 820,461 42,423 984,986 112,918
Comprehensive income 4,064,805 2,396,400 6,913,318 3,902,935
Comprehensive loss attributable to noncontrolling interests 70,705 37,634 43,423 100,333
Comprehensive income attributable to THT Heat Transfer Technology Inc. common stockholders $ 4,135,510 $ 2,434,034 $ 6,956,741 $ 4,003,268
Earnings per share attributable to THT Heat Transfer Technology Inc. common stockholders        
EPS Basic and diluted $ 0.16 $ 0.15 $ 0.29 $ 0.24
Weighted average number of shares outstanding        
- Basic and diluted 20,453,500 16,000,000 20,453,500 16,000,000