UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10−Q

(Mark One)

[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: ~~September~~March 3031, ~~2017~~ 2018

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________to _____________

Commission File Number: 001-34812

THT HEAT TRANSFER TECHNOLOGY, INC.
(Exact Name of Registrant as Specified in Its Charter)

Nevada	20-5463509
(State or other jurisdiction of	(I.R.S. Employer Identification No.)
incorporation or organization)

THT Industrial ~~Park No~~ParkNo. 5 Nanhuan Road, Tiexi ~~District~~ ~~Siping~~DistrictSiping, Jilin Province 136000 People’s Republic of of China (Address of principal executive offices, Zip Code)

86-434-3265241 (Registrant’s telephone number, including area code)

_____________________________________________________
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ X ] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [ X ] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company~~, or an emerging growth company~~. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” ~~and “emerging growth company”~~ in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] (Do not check if a smaller reporting company) Smaller reporting company [ X ] ~~Emerging growth company [ ]~~

IfIndicate ~~an emerging growth company, indicate~~ by check mark ifwhether the registrant ~~has~~is ~~elected~~a ~~not to use the extended transition period for complying~~shell ~~with~~company ~~any~~(as ~~new~~defined orin ~~revised~~Rule ~~financial~~12b-2 ~~accounting standards provided pursuant to Section 13(a)~~ of the Exchange Act). Yes [ ] No [X]

~~Indicate~~The bynumber ~~check~~of ~~mark~~shares ~~whether~~outstanding ~~the~~of ~~registrant~~each isof athe ~~shell~~issuer’s ~~company~~classes ~~(as~~of ~~defined~~common instock, ~~Rule~~as ~~12b-2~~ of ~~the~~May ~~Exchange~~18, ~~Act).~~2018 ~~Yes [ ] No [ X~~is ]as follows:

The number of shares outstanding of each of the issuer’s classes of common stock, as of November 14, 2017 is as follows:

Class of Securities	Shares Outstanding
Common Stock, $0.001 par value	20,453,500

THT HEAT TRANSFER TECHNOLOGY, INC. Quarterly Report on Form 10-Q Period Ended ~~September~~March 3031, ~~2017~~2018

TABLE OF CONTENTS

PART I		1
FINANCIAL INFORMATION		ii
ITEM 1.FINANCIAL STATEMENTS.		ii
Item 1.	Financial Statements	1
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.		10
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	2
ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.		18
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	7
ITEM 4. CONTROLS AND PROCEDURES.		18
Item 4.	Controls and Procedures	7
PART II		19
OTHER INFORMATION		19
ITEM 1.	LEGAL PROCEEDINGS.	19
Item 1.	Legal Proceedings	8
ITEM 1A.	RISK FACTORS.	19
Item 1A.	Risk Factors	8
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES.	19
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	8
ITEM 4.	MINE SAFETY DISCLOSURES.	19
Item 3.	Defaults Upon Senior Securities	9
ITEM 5.	OTHER INFORMATION.	19
Item 4.	Mine Safety Disclosures	9
ITEM 6.	EXHIBITS.	21
Item 5.	Other Information	9
Item 6.	Exhibits	9

PART I
FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

THT HEAT TRANSFER TECHNOLOGY, INC. CONSOLIDATED ~~FINANCIAL~~ ~~STATEMENTSFOR~~FINANCIAL STATEMENTS FOR THE THREE ~~AND NINE~~ MONTHS ENDED ~~SEPTEMBER~~MARCH 3031, ~~2017~~2018 AND ~~2016~~ 2017

	Pages(s)
	Page(s)
Consolidated Balance Sheets (Unaudited)	F-1
Consolidated Statements of Income and Comprehensive Loss (Unaudited)	F-2
Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited)	F-2
Consolidated Statements of Changes in Equity (Unaudited)	F-3
Consolidated Statements of Cash Flows (Unaudited)	F-3
Consolidated Statements of Cash Flows (Unaudited)	F-4
Notes to Unaudited Consolidated Financial Statements	F-4 - F-10
Notes to Unaudited Consolidated Financial Statements	F-5- F-10

ii 1

THT Heat Transfer Technology, Inc. Consolidated ~~Balance~~ Balance Sheets (Stated in US dollars)

		September 30,		December 31,
		March 31,		December 31,
		2017		2016
		2018		2017
		(Unaudited)
ASSETS
Current Assets
Current assets
Cash and cash equivalents	$	25,~~631~~146,~~367~~222	$	6,~~609~~297,~~680~~546
Restricted cash, current		~~633~~516,~~427~~203		~~974~~571,~~749~~918
Trade receivables, net		2940,~~766~~488,~~530~~348		3746,~~074~~311,~~481~~537
Trade receivables - related party		-4,660		127,~~358,399~~676
Bills receivable		12,~~475~~849,~~717~~946		~~398~~394,~~374~~242
Other receivables, prepayments and deposits, net		148,~~532~~863,~~629~~077		87,~~904~~371,~~968~~301
Due from related parties		21,~~037~~886,~~103~~161		12,~~839~~192,~~932~~446
Inventories, net		3730,~~965~~015,~~154~~176		2128,~~087~~521,~~301~~552
Total Current Assets		89,~~041~~769,~~927~~793		7891,~~247~~688,~~884~~218
Restricted cash, non-current		1,~~114~~313,~~549~~330		~~514~~1,~~201~~112,408
Retention receivable		1,241,313		1,653,956
Retention receivables		3,559,839		3,200,117
Property, plant and equipment, net		89,~~587~~310,~~274~~889		8,~~437~~825,~~632~~346
Land use rights, net		5,~~236~~485,~~446~~316		5,~~104~~325,~~121~~127
Deferred tax assets		~~528~~165,~~427~~322		~~149~~159,~~525~~574
TOTAL ASSETS	$	~~105~~109,~~749~~604,~~936~~489	$	94110,~~107~~310,~~319~~790
LIABILITIES & EQUITY
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$	138,~~423~~922,~~389~~656	$	68,~~727~~954,~~206~~475
Other payables and accrued liabilities		2425,~~213~~663,~~940~~068		2025,~~525~~305,~~878~~594
Income tax payable		1257,~~323~~765		~~511~~55,~~314~~756
Short-term loans		45,~~808~~095,~~776~~379		4,~~608~~918,~~494~~234
Due to related parties		63,~~280~~817,~~558~~640		~~383~~7,~~232~~207,603
Total Current Liabilities		4843,~~738~~556,~~986~~508		3246,~~756~~441,~~124~~662
TOTAL LIABILITIES		4843,~~738~~556,~~986~~508		3246,~~756~~441,~~124~~662
EQUITY
Preferred stock, $.001 par value, 10,000,000 shares authorized, no shares issued and outstanding		-		-
Common stock, $.001 par value, 190,000,000 shares authorized, 20,453,500 shares issued and outstanding at September 30, 2017 and December 31, 2016		20,454		20,454
Common stock, $.001 par value, 190,000,000 shares authorized, 20,453,500 shares issued and outstanding at March 31, 2018 and December 31, 2017		20,454		20,454
Additional paid-in capital		27,136,310		2627,~~524~~136,~~324~~310
Statutory reserve		4,270,861		4,270,861
Retained earnings		2429,~~254~~358,~~815~~741		3229,~~366~~486,~~400~~561
Accumulated other comprehensive income (loss)		657,334		(1,830,844	)
Accumulated other comprehensive income		4,484,016		2,202,886
Total THT Heat Transfer Technology Inc. Shareholders’ Equity		56,339,774		61,351,195
Total THT Heat Transfer Technology, Inc. shareholders’ equity		65,270,382		63,117,072
Non-controlling interest		~~671~~777,~~176~~599		-752,056
TOTAL EQUITY		5766,~~010~~047,~~950~~981		6163,~~351~~869,~~195~~128
TOTAL LIABILITIES AND EQUITY	$	~~105~~109,~~749~~604,~~936~~489	$	94110,~~107~~310,~~319~~790

The accompanying notes are an integrated part of these unaudited consolidated financial statements

F-1

THT Heat Transfer Technology, Inc. Consolidated Statements of Income and Comprehensive Income (Loss) (Stated in US dollars) (Unaudited)

		For the nine months ended						For the three months ended
		For the Three Months Ended March 31,
		September 30,						September 30,
		2018			2017
		2017			2016			2017			2016
REVENUES
Revenues:
Sales revenue	$	7,211,275		$	3,998,106
Sales revenue	$	24,861,019		$	20,720,004		$	13,320,129		$	8,805,647
Sales revenue - related party		8,603			8,215
Sales revenue - related party		8,232			42,882			-			39,654
Total Revenues		7,219,878			4,006,321
Total Revenues		24,869,251			20,762,886			13,320,129			8,845,301
COST OF REVENUES		(5,446,817	)		(2,167,826	)
Cost of revenues		(20,572,238	)		(13,066,894	)		(13,717,671	)		(5,602,378	)
Gross Profit		1,773,061			1,838,495
Gross Profit		4,297,013			7,695,992			(397,542	)		3,242,923
Operating expenses
Operating Expenses:
General and administrative expenses		198,144			822,601
General and administrative expenses		5,047,734			4,153,756			2,369,915			1,643,159
Research and development expenses		253,122			317,998
Research and development expenses		1,144,441			1,139,973			411,866			608,072
Selling expenses		1,520,301			2,222,048
Selling expenses		6,136,642			4,498,080			1,362,191			793,644
Total Operating Expenses		1,971,567			3,362,647
Total Operating Expenses		12,328,817			9,791,809			4,143,972			3,044,875
Loss from operations		(198,506	)		(1,524,152	)
Income (Loss) from Operations		(8,031,804	)		(2,095,817	)		(4,541,514	)		198,048
Other income (expenses)
Other Income (Expenses):
Interest income		3,108			3,270
Interest income		9,742			13,335			3,233			4,007
Other income		114,870			42,985
Other income		119,475			129,349			69,130			29,889
Investment income		16,642			23,474
Finance costs		(~~178~~63,~~942~~887	)		(9758,~~217~~212	)		~~(59,378~~	)		~~(62,495~~	)
Investment income		29,235			20,972			292			12,179
Other expenses		(1,573	)		-
Other expense		(483,087	)		(72,904	)		(464,561	)		(65,253	)
Total Other Income		69,160			11,517
Total Other Expenses		(503,577	)		(6,465	)		(451,284	)		(81,673	)
Loss before income taxes		(129,346	)		(1,512,635	)
Income (loss) before income taxes		(8,535,381	)		(2,102,282	)		(4,992,798	)		116,375
Income tax benefits		-			151,422
Income tax benefit (expense)		363,587			274,492			(109,784	)		23,401
Net Loss		(129,346	)		(1,361,213	)
Net Income (Loss)		(8,171,794	)		(1,827,790	)		(5,102,582	)		139,776
Net loss attributable to non-controlling interest		(1,526	)		-
Net loss attributable to non-controlling interest		(60,209	)		-			(60,209	)		-
Net loss attributable to THT Heat Transfer Technology, Inc. common shareholders	$	(127,820	)	$	(1,361,213	)
Net Income (Loss) Attributable to THT Heat Transfer Technology, Inc. common shareholders	$	(8,111,585	)	$	(1,827,790	)	$	(5,042,373	)	$	139,776
Comprehensive Income (Loss)
Comprehensive Loss
Net Loss	$	(129,346	)	$	(1,361,213	)
Net income (loss)	$	(8,171,794	)	$	(1,827,790	)	$	(5,102,582	)	$	139,776
Other Comprehensive Income
Other comprehensive income (loss)
Foreign currency translation adjustments		2,308,199			465,600
Foreign currency translation adjustments		2,488,178			(1,649,056	)		1,047,592			(262,065	)
Comprehensive Income (Loss)		2,178,853			(895,613	)
Comprehensive Loss		(5,683,616	)		(3,476,846	)		(4,054,990	)		(122,289	)
Less: Comprehensive income attributable to non-controlling interest		25,543			-
Less: comprehensive loss attributable to non- controlling interest		(60,209	)		-			(60,209	)		-
Comprehensive income (loss) attributable to THT Heat Transfer Technology, Inc. common shareholders	$	2,153,310		$	(895,613	)
Comprehensive Loss Attributable to THT Heat Transfer Technology, Inc. common shareholders	$	(5,623,407	)	$	(3,476,846	)	$	(3,994,781	)	$	(122,289	)
Loss per common share attributable to THT Heat Transfer Technology, Inc. common shareholders
Earnings (loss) per share attributable to THT Heat Transfer Technology, Inc. common shareholders
Basic and diluted	$	(0.01	)	$	(0.07	)
Basic and Diluted	$	(0.40	)	$	(0.09	)	$	(0.25	)	$	0.01
Weighted average number of shares outstanding
Weighted average number of shares outstanding
Basic and diluted		20,453,500			20,453,500
Basic and diluted		20,453,500			20,453,500			20,453,500			20,453,500

The accompanying notes are an integrated part of these unaudited consolidated financial statements

F-2

THT Heat Transfer Technology, Inc. Consolidated Statements ~~Statement~~ of ~~Changes~~Cash inFlows ~~Equity~~ (Stated in US dollars) (Unaudited)

		THT Heat Transfer Technology, Inc.
		For the Three Months Ended March 31,
		Common Stock										Accumulated
		2018			2017
		No. of Shares			Amount			Additional Paid-in Capital		StatutoryReserve		Other ComprehensiveIncome			Retained Earnings			Non- controlling Interest			Total Shareholders' Equity
CASH FLOWS FROM OPERATING ACTIVITIES
Balance, December 31, 2015		20,453,500		$	20,454		$	26,524,324	$	3,943,474	$	2,381,097		$	29,446,126		$	-		$	62,315,475
Net loss	$	(129,346	)	$	(1,361,213	)
Net income															3,247,661						3,247,661
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Foreign currency translation adjustment												(4,211,941	)								(4,211,941	)
Depreciation and amortization		320,467			287,962
Appropriation to reserve										327,387					(327,387	)					-
Deferred tax assets		-			(151,422	)
Balance, December 31, 2016		20,453,500		$	20,454		$	26,524,324	$	4,270,861	$	(1,830,844	)	$	32,366,400		$	-		$	61,351,195
Allowance for doubtful accounts		(656,483	)		(323,617	)
Net loss															(8,111,585	)		(60,209	)		(8,171,794	)
Inventory write-down		398,805			-
Foreign currency translation adjustment												2,483,913						12,146			2,496,059
Changes in operating assets and liabilities:
Contribution from non-controlling investor in subsidiary								611,986				4,265						719,239			1,335,490
Trade receivables, net		8,169,832			5,716,769
Balance, September 30, 2017 (unaudited)		20,453,500		$	20,454		$	27,136,310	$	4,270,861	$	657,334		$	24,254,815		$	671,176		$	57,010,950
Trade receivables - related party		23,724			1,128,239
Bills receivable		(2,412,160	)		(2,437,857	)
Other receivables, prepayments and deposits		(1,323,688	)		(166,481	)
Due from related parties		-			2,573
Inventories, net		(859,536	)		(1,758,545	)
Retention receivables		(241,521	)		(2,105	)
Accounts payable		(544,032	)		(947,520	)
Other payables and accrued liabilities		(547,323	)		(234,471	)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		2,198,739			(247,688	)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from disposal of property, plant and equipment		280,844			-
Payments to acquire property, plant and equipment		(260,943	)		(8,096	)
Loans made to others		-			(1,742,110	)
Loans made to related party		-			(173,950	)
Repayments from others		-			579,251
Repayments from related party		99,778			332,452
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		119,679			(1,012,453	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related parties		-			20,585
Repayments to related parties		(3,605,701	)		(30,901	)
NET CASH USED IN FINANCING ACTIVITIES		(3,605,701	)		(10,316	)
Effect of foreign currency translation on cash, cash equivalents, and restricted cash		281,166			54,421
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH		(1,006,117	)		(1,216,036	)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD	$	7,981,872		$	8,098,630
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD	$	6,975,755		$	6,882,594
Supplementary Disclosures of Cash Flow Information:
Interest paid	$	58,031		$	55,573
Income taxes paid	$	-		$	-
Non-cash investing and financing activities:
Operating expense paid by related parties	$	-		$	41,646
Liabilities assumed in connection with purchase of property, plant and equipment	$	193,950		$	6,396
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets		As of March			As of March 31,
		31, 2018			2017
Cash and cash equivalents	$	5,146,222		$	5,179,069
Restricted cash, current		516,203			596,187
Restricted cash, non-current		1,313,330			1,107,338
Total cash, cash equivalents, and restricted cash at end of period	$	6,975,755		$	6,882,594

The accompanying notes are an integrated part of these unaudited consolidated financial statements

F-3

THT Heat Transfer Technology, Inc. ~~Consolidated~~Notes to ~~Statements~~Unaudited ofConsolidated ~~Cash~~Financial ~~Flows~~Statements (Unaudited) (Stated in US ~~dollars~~Dollars) ~~(Unaudited)~~

		For the Nine Months ended September 30,
		2017			2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(8,171,794	)	$	(1,827,790	)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on sales of property, plant and equipment		340			-
Depreciation and amortization		890,456			1,026,090
Deferred tax assets		(364,130	)		(274,492	)
Allowance for doubtful accounts		2,190,140			810,583
Inventory write-down		4,717,317			-
Changes in operating assets and liabilities:
Trade receivables, net		6,670,507			4,616,060
Trade receivables - related party		1,385,944			9,631
Bills receivable		(1,036,480	)		(1,303,617	)
Other receivables, prepayments and deposits		(5,634,386	)		3,077,675
Inventories, net		(20,324,121	)		(9,643,311	)
Retention receivable		473,758			686,131
Due from related parties		30,083			(4,911,690	)
Accounts payable		6,153,971			2,997,828
Other payables and accrued expenses		2,761,179			2,940,391
Income taxes payable		(509,633	)		175
NET CASH USED IN OPERATING ACTIVITIES		(10,766,849	)		(1,796,336	)
CASH FLOWS FROM INVESTING ACTIVITIES
Change in restricted cash		(189,999	)		(117,046	)
Proceeds from disposal of property, plant and equipment		61,221			724
Payments to acquire property, plant and equipment		(483,803	)		(47,589	)
Loans made to others		(1,742,110	)		(975,743	)
Loans made to related party		(440,679	)		(418,211	)
Repayments from others		2,112,475			-
Repayments from related party		232,751			156,097
NET CASH FLOWS USED IN INVESTING ACTIVITIES		(450,144	)		(1,401,768	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank loans		9,516,833			12,781,187
Repayments to bank loans		(9,465,974	)		(14,010,820	)
Proceeds from related parties		6,959,146			45,598
Repayments to related parties		(1,236,399	)		(75,997	)
Contribution from non-controlling investor		1,335,490			-
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES		7,109,096			(1,260,032	)
Effect of foreign currency translation on cash and cash equivalents		129,584			(203,176	)
NET DECREASE IN CASH AND CASH EQUIVALENTS		(3,978,313	)		(4,661,312	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		6,609,680			9,680,293
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	2,631,367		$	5,018,981
Supplementary Disclosures for Cash Flow Information:
Interest paid	$	166,617		$	97,114
Income taxes paid	$	543,601		$	21,494
Non-cash investing and financing activities:
Operating expense paid by related parties	$	27,275		$	-
Liabilities assumed in connection with purchase of property, plant and equipment	$	107,581		$	482,269

1. Corporate information

~~The~~THT ~~accompanying~~Heat ~~notes~~Transfer ~~are~~Technology, anInc. ~~integrated~~(the ~~part~~“Company” ofor ~~these~~“THT” ~~unaudited~~or ~~consolidated~~the ~~financial~~“Surviving ~~statements~~Corporation”) is a Nevada corporation with major operations in the People's Republic of China (the "PRC").

~~F-4~~2. Description of business

~~THT~~The ~~Heat~~Company ~~Transfer~~is ~~Technology~~a holding company whose primary business are conducted through its subsidiaries, ~~Inc.~~namely ~~Notes~~SipingJuyuan towhich is located in the ~~Unaudited~~Jilin ~~Consolidated~~Province ~~Financial~~and ~~Statements~~Beijing ~~(Unaudited)~~Juyuan ~~(Stated~~which is located in USBeijing City of the PRC. ~~Dollars)~~The Company is engaged in the manufacturing and trading of plate heat exchangers and various related products.

1SipingJuyuan was established in the PRC on May 31, 2006 following the division (the “Division”) of Siping City Juyuan Heat Exchange Equipment Co., ~~Corporate~~Ltd. ~~information~~(“Old Juyuan Company”) into three companies, namely SipingJuyuan, Siping City Juyuan Heat Exchange Equipment Co., Ltd. (“New Juyuan Company”) and Siping City JuyuanHanyang Pressure Vessels Co., Ltd (“JuyuanHanyang Pressure Vessels”).

~~THT Heat Transfer Technology, Inc~~3. ~~(the~~Summary ~~“Company” or “THT” or the “Surviving Corporation”) is a Nevada corporation with major operations in the People's Republic~~ of ~~China~~significant ~~(the~~accounting ~~"PRC").~~policies

2.Basis ~~Description~~ of ~~business~~presentation and consolidation and going concern

The accompanying unaudited consolidated financial statements of the Company isand aits ~~holding~~subsidiaries ~~company~~have ~~whose~~been ~~primary~~prepared ~~business~~in ~~are conducted~~accordance ~~through~~with ~~its~~the ~~subsidiaries,~~rules and ~~namely~~regulations ~~SipingJuyuan~~of ~~which~~the isSecurities ~~located~~and inExchange Commission (the “SEC”) including ~~Jilin~~the ~~Province~~instructions to Form 10-Q and ~~Beijing~~Regulation ~~Juyuan~~S-X. ~~which~~Certain isinformation ~~located~~and note disclosures normally included in ~~Beijing~~financial ~~City~~statements ofprepared in accordance with accounting principles generally accepted in the ~~PRC~~United States of America (“U.S. GAAP”) have been or omitted from these statements pursuant to such rules ~~The~~and ~~Company~~regulations isand, ~~engaged~~accordingly, inthey do not include all the ~~manufacturing~~information and notes ~~trading~~necessary offor ~~plate~~comprehensive ~~heat~~consolidated ~~exchangers~~financial statements and should be read in conjunction with the Company’s consolidated financial statements and ~~various~~accompanying ~~related~~notes ~~products~~thereto for the year ended December 31, 2017 filed with the SEC in the Company’s Form 10-K on April 17, 2018.

~~SipingJuyuan~~In ~~was~~the ~~established~~opinion inof the ~~PRC~~management onof ~~May~~the 31Company, ~~2006~~all ~~following~~ adjustments, ~~the~~which ~~division~~are ~~(the~~of ~~“Division”)~~a ofnormal ~~Siping~~recurring ~~City~~nature, ~~Juyuan~~necessary ~~Heat~~for ~~Exchange~~a fair ~~Equipment~~ statement ~~Co.,~~of ~~Ltd.~~the ~~(“Old~~results ~~Juyuan~~for ~~Company”)~~the ~~into~~ three-month ~~companies,~~period ~~namely SipingJuyuan,~~have ~~Siping~~been ~~City~~made. ~~Juyuan~~Results ~~Heat~~for the ~~Exchange~~interim ~~Equipment~~periods ~~Co.,~~presented ~~Ltd.~~are ~~(“New~~not ~~Juyuan Company”)~~necessarily ~~and~~indicative ~~Siping~~of ~~City~~the ~~JuyuanHanyang~~results ~~Pressure~~that might ~~Vessels~~be ~~Co.,~~expected ~~Ltd (“JuyuanHanyang~~for ~~Pressure~~the ~~Vessels”)~~entire fiscal year.

3The Company has short term loans borrowed from banks and related parties for an aggregated amount of $8.9 ~~Summary~~million, which requires the Company to secure additional funds given the Company’s current cash position. The Company’s available liquidity as of ~~significant~~March ~~accounting~~31, ~~policies~~2018 was approximately $8.5 million including cash and cash equivalents, restricted cash, current, and bills receivable. The Company has taken various actions to conserve cash, procure additional financing and improve the liquidity, including reducing capital spending. The Company's ability in meeting future cash flow requirements is dependent on many events outside of its direct control, including, among other things, successful renewal of bank borrowings and additional financing from the banks and related parties.

~~Basis~~The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of ~~presentation~~assets and ~~consolidation~~the liquidation of liabilities in the ordinary course of business.

~~The~~Certain ~~accompanying~~amounts ~~unaudited~~from ~~consolidated~~prior ~~financial~~period ~~statements of the Company and its subsidiaries~~ have been ~~prepared~~reclassified ~~in accordance with the rules~~to ~~and~~conform ~~regulations~~to of the ~~Securities~~current ~~and~~year ~~Exchange Commission (the “SEC”) including the instructions to Form 10-Q and Regulation S-X~~presentation. ~~Certain~~This ~~information~~reclassification ~~and~~has ~~note disclosures~~resulted ~~normally included~~ in ~~financial statements prepared in accordance~~ ~~with~~no ~~accounting~~change ~~principles generally accepted in the United States of America (“U.S. GAAP”) have been or omitted from these statements pursuant~~ to ~~such rules and regulations and, accordingly, they do not include all~~ the ~~information and notes necessary for comprehensive consolidated financial statements and should be read in conjunction with the~~ Company’s ~~consolidated~~retained ~~financial~~earnings ~~statements~~or ~~and accompanying~~net ~~notes~~income ~~thereto for the year ended December 31, 2016 filed with the SEC in the Company’s Form 10-K on April 17, 2017~~presented.

InThe ~~the~~consolidated ~~opinion~~financial ofstatements include the ~~management~~financial statements of the Company, ~~all adjustments,~~and ~~which~~its ~~are~~subsidiaries. ofAll asignificant ~~normal recurring nature, necessary for a fair~~inter-company ~~statement~~balances ofand ~~the~~transactions ~~results for the nine-month period~~ have been ~~made.~~eliminated ~~Results~~on ~~for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year~~consolidation.

~~Certain~~F-4 amounts from prior year have been reclassified to conform to the current year presentation. This reclassification has resulted in no change to the Company’s retained earnings or net income presented.

~~The~~Fair ~~consolidated~~value ~~financial~~of ~~statements include the~~ financial ~~statements~~ ofinstruments ~~the Company and its majority owned subsidiaries. All significant inter-company balances and transactions have been eliminated on consolidation.~~

~~F-5~~Accounting Standards Codification (“ASC”) Topic 820 requires the disclosure of the estimated fair value of financial instruments including those financial instruments for which fair value option was not elected. As of March 31, 2018 and December 31, 2017, the carrying amounts of the Company’s financial assets and liabilities approximated their fair values due to short maturities or the applicable interest rates approximated the current market rates.

~~Non-controlling~~Recent ~~Interest Non-controlling~~accounting ~~interest~~pronouncements on the consolidated balance sheets is resulted from the consolidation of SipingJuyuan, a 98.82% owned subsidiary starting from July 27, 2017. The portion of the income or loss applicable to non-controlling interest in subsidiary is reflected in the consolidated statements of income and comprehensive loss.

~~Fair~~Recently ~~value~~adopted ofaccounting ~~financial~~pronouncements ~~instruments~~

~~Accounting~~In ~~Standards~~May ~~Codification~~2014, (the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (ASC” 606)” ~~Topic~~and ~~820~~issued ~~requires the~~subsequent ~~disclosure~~amendments ofto the initial ~~estimated~~guidance ~~fair~~or ~~value~~implementation ofguidance ~~financial~~between ~~instruments~~August ~~including those~~2015 ~~financial~~and ~~instruments~~November 2017 ~~for~~within ~~which~~ASU ~~fair~~2015-04, ~~value~~ASU ~~option~~2016-08, ~~was~~ASU ~~not~~2016-10, ~~elected.~~ASU As2016-12, ~~of September~~ASU 302016-20, ASU 2017-13, and ~~December~~ASU 312017-14 (collectively, ~~2016~~including ASU 2014-09, ~~the~~“ASC ~~carrying~~606”). ~~amounts~~Under ASC 606, revenue is recognized when a customer obtains control of ~~the~~promised ~~Company’s~~goods ~~financial~~or ~~assets~~services and ~~liabilities~~is ~~approximated~~recognized ~~their~~in ~~fair~~an ~~values~~amount ~~due~~that toreflects ~~short~~the consideration which ~~maturities~~the entity expects to receive in exchange for those goods or services. In addition, the ~~applicable~~standard ~~interest~~requires ~~rates~~disclosure ~~approximated~~of the ~~current~~nature, ~~market~~amount, timing, and ~~rates~~uncertainty of revenue and cash flows arising from contracts with customers. Effective January 1, 2018, the Company adopted the standard using the modified retrospective method, which result in an immaterial impact. See Note – 4 Revenue Recognition for further details.

~~Recently~~In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (ASC 230): Restricted Cash” update on the presentation of restricted cash in the statement of cash flows. The new guidance requires an entity to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows, and an entity will no longer present transfers between cash and cash equivalents and restricted cash and restricted cash equivalents in the statement of cash flows. The Company adopted this new accounting ~~pronouncements~~standard retrospectively during the three months ended March 31, 2018. As a result of the adoption, net cash provided by investing activities was adjusted to exclude the changes in restricted cash, resulting in a decrease of $203,146 in net cash used in investing activities in the previously-reported amount for the three months ended March 31, 2017. The Company's restricted cash represents cash deposits in bank to pledge the performance bonds issued by the banks when requested by the Company’s customers under their sales contracts, separately from cash and cash equivalents.

~~In January 2017, the FASB issued ASU 2017-03, “Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323)”~~4. ~~This~~Revenue ~~pronouncement~~Recognition amends the SEC's reporting requirements for public filers in regard to new accounting pronouncements or existing pronouncements that have not yet been adopted. Companies are to provide qualitative disclosures if they have not yet implemented an accounting standards update. Companies should disclose if they are unable to estimate the impact of a specific pronouncement, and provide disclosures including a description of the effect on accounting policies that the registrant expects to apply. These provisions apply to all pronouncements that have not yet been implemented by registrants. There are additional provisions that relate to corrections to several other prior FASB pronouncements. The Company has incorporated language into other recently issued accounting pronouncement notes, where relevant for the corrections in FASB ASU 2017-03. The Company is implementing the updated SEC requirements on not yet adopted accounting pronouncements with these consolidated financial statements.

4.Adoption ~~Non~~of ASU 2014-~~controlling~~09 ~~Interest~~"Revenue from Contracts with Customers (ASC 606)"

On ~~July~~January 271, ~~2017~~2018, ~~Jilin~~the ~~Science~~Company ~~and~~adopted ~~Technology~~ASC ~~Fund~~606 ~~Operation~~using the ~~and~~modified ~~Service~~retrospective ~~Center~~method ~~(the~~applied ~~“Center”),~~to anthose ~~organization~~contracts ~~controlled~~that bywere ~~local~~not completed ~~government,~~or ~~contributed~~substantially ~~RMB9,000,000~~complete ($as of January 1,~~335,490)~~ in2018. ~~cash~~Results infor ~~SipingJuyuan~~the inreporting ~~order~~period tobeginning ~~obtain~~after aJanuary 1~~.18%~~, ~~ownership~~2018 ~~interest~~are inpresented ~~SipingJuyuan.~~under ASC 606, while prior ~~The~~period ~~following~~amounts ~~schedule~~have ~~discloses~~not ~~the~~been ~~changes~~adjusted inand ~~the~~continue ~~Company’s~~to ~~ownership~~be ~~interest~~ reported in ~~SipingJuyuan~~accordance with on the Company’'s ~~equity:~~historic accounting under Topic 605.

		Nine months ended September 30,
		(Unaudited)
		2017			2016
Net loss attributable to THT Heat Transfer Technology, Inc. common shareholders	$	(8,111,585	)	$	(1,827,790	)
Transfer from the non-controlling interest
Increase in THT Heat Transfer Technology, Inc.'s paid-in capital for contribution from non-controlling investor		611,986			-
Net transfer from non-controlling interest		611,986			-
Change from loss attributable to THT Heat Transfer Technology, Inc. common shareholders and transfer from non-controlling interest	$	(7,499,599	)	$	(1,827,790	)

Management has determined that the impact of the transition to the new standard is immaterial to the Company’s revenue recognition model since the Company’s revenue recognition is based on point in time transfer of control. Accordingly, the Company has not made any adjustment to opening retained earnings.

5Revenue for sale of products is derived from contracts with customers, which primarily include the sale of heat exchanger products. ~~Trade~~The Company’s ~~receivables~~sales arrangements do not contain variable consideration and are short-term in nature. The Company recognizes revenue at a point in time based on management’s evaluation of when all performance obligations under the terms of a contract with the customer are satisfied and control of the products has been transferred to the customer. For vast majority of the Company’s product sales, the ~~net~~performance obligations and control of the products transfer to the customer when products are delivered and customer acceptance is made.

		September 30,			December 31,
		2017			2016
		(Unaudited)
Trade receivables	$	40,186,719		$	45,050,908
Less: Allowance for doubtful accounts		(10,420,189	)		(7,976,427	)
	$	29,766,530		$	37,074,481

Management has determined after-sale expense was immaterial to the Company’s operations. Accordingly, the Company does not establish provision for estimated warranty liabilities.

AnF-5 ~~analysis of the allowance for doubtful accounts for the nine months ended September 30, 2017 and 2016 is as follows:~~

		Nine months ended
		September 30,
		(Unaudited)
		2017		2016
Balance at beginning of period	$	7,976,427	$	7,689,089
Adjustment of bad debt expense		2,050,522		725,909
Translation adjustments		393,240		(228,543	)
Balance at end of period	$	10,420,189	$	8,186,455

Disaggregation of Revenue

~~F-6~~In accordance with ASC 606, the Company disaggregates revenue from contracts with customers by products. The Company determined that disaggregating revenue into these categories meets the disclosure objective in ASC 606 which is to depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by regional economic factors. Refer to Note 11 for information regarding revenue disaggregation by product.

6.Contract ~~Inventories,~~Assets ~~net~~and Liabilities

		September 30,			December 31,
		2017			2016
		(Unaudited)
Raw materials	$	16,864,023		$	7,626,337
Work-in-progress		7,024,391			2,831,115
Finished goods		18,919,577			10,647,422
		42,807,991			21,104,874
Inventory write-down		(4,842,837	)		(17,573	)
	$	37,965,154		$	21,087,301

Contract assets, such as costs to obtain or fulfill contracts, are an insignificant component of the Company’s revenue recognition process.

~~The~~Contract ~~Company~~liabilities ~~recognized~~are ~~inventory~~mainly ~~write-down~~receipt in advance from customers. As of $4March 31,~~717~~ 2018,~~317~~ ~~and~~receipt in advance from customers was $16.6 million. $~~nil~~2.3 ~~for~~million was recognized as net revenues in the ~~nine~~three months ended March ~~September~~31, 302018 that was include in the balance of receipt in advance from customers as of December 31, 2017. Receipt in advance from customers is include in other payables and ~~2016,~~accrued ~~respectively.~~liabilities in the consolidated balance sheets.

75. ~~Income~~Trade ~~tax~~receivables, net

The effective tax rate was 2% and -20% for the three months period ended September 30, 2017 and 2016, respectively. The effective tax rate was -4% and -13% for the nine months period ended September 30, 2017 and 2016, respectively.

		March 31,			December 31,
		2018			2017
		(Unaudited)

Trade receivables	$	51,673,883		$	57,859,135
Less: Allowance for doubtful accounts		(11,185,535	)		(11,547,598	)
	$	40,488,348		$	46,311,537

8.An ~~Property~~analysis of the allowance for doubtful accounts for the three months ended March 31, ~~plant~~2018 and ~~equipment,~~2017 ~~net~~is as follows:

As of September 30, 2017 and December 31, 2016, property, plant and equipment with net book value of $3,103,924 and $4,949,198, respectively, was pledged as collateral under certain loan arrangements (see Note 10).

		Three months ended
		March 31,
		(Unaudited)
		2018			2017


Balance at beginning of period	$	11,547,598		$	7,976,427
Adjustment of bad debt expense		(768,633	)		(461,563	)
Translation adjustments		406,570			61,738
Balance at end of period	$	11,185,535		$	7,576,602

~~During~~F-6 ~~the nine months ended September 30, 2017 and 2016, amount recognized for depreciation of property, plant and equipment was $802,947 and $935,568, respectively.~~

96. ~~Land use rights~~Inventories, net

As of September 30, 2017 and December 31, 2016, land use rights with net book values of $851,894 and $5,104,121, respectively, were pledged as collateral under certain loan arrangements (see Note 10).

		March 31,			December 31,
		2018			2017
		(Unaudited)

Raw materials	$	11,479,513		$	9,368,647
Work-in-progress		4,720,825			4,229,841
Finished goods		15,844,296			16,492,343
		32,044,634			30,090,831
Allowance for obsolete inventories		(2,029,458	)		(1,569,279	)
	$	30,015,176		$	28,521,552

~~During~~The ~~the~~Company ~~nine~~recognized ~~months~~inventory ~~ended~~write-down ~~September~~of 30$398,805 ~~2017~~ and ~~2016,~~ ~~amount~~$nil ~~recognized~~ for ~~amortization~~the ofthree ~~land~~months ~~use~~ended ~~rights~~March ~~was $87~~31,~~509~~ 2018 and ~~$90~~2017,~~522,~~ respectively.

F-7. Income tax

~~10.~~The ~~Short~~effective tax rate is nil% and -~~term~~10% ~~loans~~for the three months period ended March 31, 2018 and 2017, respectively.

~~Short~~In December 2017, the Tax Cuts and Jobs Act (the “2017 Act”) was enacted into law and the new legislation contains several key tax provisions that affected the Company, including, among others, a reduction of the federal corporate income tax rate to 21% effective January 1, 2018, and a recognition of the U.S. corporate income tax based on the deemed repatriation to the United States of the Company’s share of previously deferred earnings of certain non-~~term~~U.S. ~~bank~~subsidiaries ~~loans~~of the Company upon enactment of the 2017 Act. The Company is required to recognize the effect of the 2017 Act in the period of enactment. In December 2017, the SEC staff issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the 2017 Act, which allows the Company to recognize the provisional amounts during a measurement period not to extend beyond one year of the enactment date.

OnThe ~~May~~Company ~~31,~~recognized ~~2016,~~provisional tax impacts related to the revaluation ~~Company~~of ~~entered~~deferred ~~into~~tax aassets ~~one-year~~and ~~loan agreement~~liabilities ~~with~~and ~~Agricultural~~corresponding ~~Bank~~valuation allowances ofin ~~China~~its ~~(“ABC”),~~consolidated ~~pursuant~~financial tostatements ~~which~~for the ~~Company~~three months ended ~~obtained~~March a31, ~~loan~~2018. inThe ~~the~~ultimate ~~amount~~impact ofmay ~~RMB32~~differ from those provisional amounts,~~000~~ possibly materially,~~000~~ due to, oramong $4other things,~~664~~ additional analysis,~~845,~~ ~~payable~~changes onin interpretations ~~May~~and assumptions the Company has made, additional regulatory 30guidance that may be issued, and actions the Company may take as a result of the 2017 Act. The ~~loan~~Company’s ~~carries~~management anis ~~interest~~in ~~rate~~the process of ~~4.785%~~gathering ~~per~~information and ~~annum~~evaluating ~~and~~the amount of the ~~interest~~one-time transition tax mandated by the 2017 isAct, ~~payable~~and ~~monthly~~a reasonable estimate cannot be determined at this point in time. ~~The~~Any adjustments ~~loan~~are ~~was~~expected ~~repaid~~to be completed when the 2017 U.S. corporate income tax return is filed in ~~full~~year on2018 ~~May~~due 26no later than October 15, ~~2017~~2018.

On8. ~~June 6~~Property, ~~2017,~~plant the Company entered into another one-year loan agreement with ABC to obtain a loan in the amount of RMB32,000,000, or $4,801,115, payable on June 5, 2018. The loan carries an interest rate of 4.785% per annum and ~~the interest is payable monthly. The loan was paid in full on August 11~~equipment, ~~2017.~~net

OnAs ~~August~~of ~~10,~~March ~~2017~~31, ~~the~~2018 ~~Company entered into a one-year loan agreement with Industrial~~ and ~~Commercial~~December ~~Bank~~31, of2017, ~~China (“ICBC”)~~property, ~~pursuant~~plant toand ~~which~~equipment ~~the~~with ~~Company~~net ~~obtaind~~book avalues ~~loan in the amount~~ of ~~RMB32~~$3,~~000~~160,~~000,~~046 orand $43,~~806~~112,~~753~~380, ~~payable~~ ~~on August 9~~respectively, ~~2018.~~were pledged ~~The~~as ~~loan~~collateral ~~carries~~under ancertain ~~interest~~loan ~~rate~~arrangements of(see ~~4.611%~~Note ~~per annum and the interest is payable monthly~~10).

~~The~~During ~~bank~~the ~~loans~~three ~~discussed~~months ~~above~~ended ~~were~~March ~~secured~~31, by2018 ~~the~~and ~~following~~2017, amount ~~assets~~recognized for depreciation of ~~the~~property, ~~Company:~~plant and equipment was $289,236 and $259,142, respectively.

		September 30,		December 31,
		2017		2016
		(Unaudited)
Property, plant and equipment (Note 8)		3,103,924		4,949,198
Land use rights (Note 9)		851,894		5,104,121
	$	3,955,818	$	10,053,319

9. Land use rights, net

~~Short-term~~As ~~loans~~of ~~from~~March ~~unrelated~~31, ~~party~~2018 and December 31, 2017, land use rights with net book values of $891,355 and $865,825, respectively, were pledged as collateral under certain loan arrangements (see Note 10).

During the ~~year~~three months ended ~~December~~March 31, ~~2016,~~2018 ~~the Company borrowed funds from a third party individual in the amount of RMB53,487,813 (approximately $8,052,000)~~ and ~~repaid RMB93~~2017,~~577,813~~ ~~(approximately $14,087,000).~~amount Asrecognized offor ~~December~~amortization ~~31, 2016, the balance~~ of ~~loan~~land ~~from~~use ~~unrelated~~rights ~~party~~were ~~was~~ $~~nil. The Company also advanced RMB2~~31,~~521,787~~231 ~~(approximately~~and $~~380~~28,~~000) to this individual during the year ended December 31~~820, ~~2016. The advance bears no interest and is~~ ~~due on demand~~respectively. ~~The net advance was included in other receivables, prepayments and deposits, net.~~

~~During~~F-7 the nine months ended September 30, 2017, the Company advanced additional funds to this third party individual in the amount of RMB12,000,000, or $1,742,110 and received RMB14,521,787, or $2,112,475 as repayment for all outstanding advances.

~~For~~10. ~~the nine months ended September 30, 2017 and 2016, the Company included interest expense related to short~~Short-term loans ~~of $166,617 and $89,011, respectively, in finance costs.~~

FShort-8term bank loans

11On August 10, 2017, the Company entered into a one-year loan agreement with Industrial and Commercial Bank of China, pursuant to which the Company obtained a loan in the amount of RMB32,000,000 (approximately $4,806,000), payable on August 9, 2018. ~~Segment~~The ~~information~~loan carries an interest rate of 4.611% per annum and the interest is payable monthly.

The ~~Company~~secured isbank ~~solely~~loan ~~engaged~~was insecured by the ~~manufacturing~~following ~~and~~assets ~~trading~~ of ~~plate heat exchangers and various related products. Since~~ the ~~nature~~Company: ~~of the products, their production processes, and their distribution methods are substantially similar, they are considered as a single reportable segment under ASC 280 “Segment Reporting.”~~

The Company’s sales revenues by products for the nine months ended September 30, 2017 and 2016 were as follows:

		March 31,		December 31,
		2018		2017
		(Unaudited)


Property, plant and equipment (Note 8)	$	3,160,046	$	3,112,380
Land use rights (Note 9)		891,355		865,825
	$	4,051,401	$	3,978,205

		Nine months ended September 30,
		2017	%		2016	%
		(Unaudited)			(Unaudited)
Plate heat exchanger	$	10,694,395	43	$	9,867,781	48
Heat exchange unit		7,463,516	30		6,929,784	33
Air-cooled heat exchanger		133,511	1		270,212	1
Shell-and-tube heat exchanger		185,818	1		-	-
Others		6,392,011	25		3,695,109	18
	$	24,869,251	100	$	20,762,886	100

Short-term loans from unrelated party

~~All~~During ofthe three months ended March 31, 2017, the Company’s advanced ~~long-lived~~additional ~~assets~~funds to a third party individual in the amount of RMB12,000,000 (approximately $1,742,000) and ~~revenues~~received ~~classified~~repayment of RMB 3,990,000 ~~based~~(approximately $579,000). The advance bears no interest and is due on ~~the~~demand. The ~~customers~~advance ~~are~~was ~~located~~included in ~~the~~other ~~PRC.~~receivables, prepayments and deposits, net.

~~12.~~For ~~Related~~the ~~party~~three ~~transactions~~months ended March 31, 2018 and 2017, the Company included interest expense related to short-term loans of $58,031 and $55,573, respectively, in finance costs.

~~The~~F-8 ~~related parties consist of the following:~~

Name of Related Party Nature of Relationship Guohong Zhao Chairman, Chief Executive Officer and President Zhigang Xu Interim Chief Financial Officer, Treasurer and Secretary Fucai Zhan Vice President of R&D and Director Kai Liu Chief Engineer, Manager of Market development Others Group of individuals who have significant influence over the Company Jilin Tongda Heat Transfer System Integration, Ltd11. ~~(“Tongda”)~~Segment ~~The~~information ~~Company has significant influence over Tongda Liaoning Hongsheng Heat Energy Technology, Ltd. (“Hongsheng”) The Company has significant influence over Hongsheng~~

~~F-9~~The Company is solely engaged in the manufacturing and trading of plate heat exchangers and various related products. Since the nature of the products, their production processes, and their distribution methods are substantially similar, they are considered as a single reportable segment under ASC 280 “Segment Reporting”.

~~Trade~~The ~~receivables~~Company’s –sales ~~related~~revenues ~~party~~by products for the three months ended March 31, 2018 and 2017 were as follows:

During the nine months ended September 30, 2017 and 2016, the Company sold products to Tongda in the amount of $8,232 and $42,822, respectively. The corresponding costs of the related party sales were $3,750 and $29,772,, respectively. As of September 30, 2017 and December 31, 2016, the Company had trade receivables from Tongda in the amount of $nil and $1,358,399, respectively.

		Three months ended March 31,
		2018	%		2017	%
		(Unaudited)			(Unaudited)

Plate heat exchanger	$	3,459,461	48	$	2,399,254	60
Heat exchange unit		2,562,215	36		854,242	21
Shell-and-tube heat exchanger		44,264	1		2,817	-
Others		1,153,938	15		750,008	19
	$	7,219,878	100	$	4,006,321	100

~~Due~~All ~~from~~of ~~related~~the ~~parties~~Company’s long-lived assets and revenues classified based on the customers are located in the PRC.

As12. ofRelated ~~September~~party ~~30,~~transactions ~~2017 and December 31, 2016, respectively, the Company advanced $nil and $31,978 to Guohong Zhao for handling selling and logistic activities for the Company in the ordinary course of business.~~

AsThe ofrelated ~~September~~parties ~~30,~~consist ~~2017~~of ~~and December 31, 2016, respectively,~~ the ~~Company~~following: ~~advanced $11,481 and $11,003 to Kai Liu for handling selling and logistic activities for the Company in the ordinary course of business.~~

AsName of ~~September~~Related 30Party Nature of Relationship Guohong Zhao Chairman, ~~2017~~Chief Executive Officer and ~~December~~President ~~31,~~Zhigang ~~2016~~Xu Interim Chief Financial Officer, ~~respectively~~Treasurer and Secretary Fucai Zhan Vice President of R&D and Director Kai Liu Chief Engineer, Manager of Market development Others Individuals who have significant influence on the Company ~~advanced~~Jilin $2Tongda Heat Transfer System Integration,~~068~~ ~~and~~Ltd ~~$nil~~(“Tongda”) toThe ~~Zhijun~~Company Mahas ~~for~~significant ~~handling~~influence ~~selling~~on ~~and logistic~~Tongda ~~activities~~Liaoning ~~for~~Hongsheng ~~the~~Heat Energy Technology, Ltd (“Hongsheng”) The Company inhas ~~the~~significant ~~ordinary~~influence ~~course~~on ofHongsheng ~~business~~Siping Juyuan Heat Exchange Service Technology, Co., Ltd. (“Fuwu”) The Company has significant influence on Fuwu

As of September 30, 2017 and December 31, 2016, respectively, the Company advanced $457 and $nil to Fucai Zhan for handling selling and logistic activities for the Company in the ordinary course of business. F-9

AsTrade ofreceivables ~~September~~– ~~30, 2017 and December 31, 2016, respectively, the Company had advance to Hongsheng in the amount of $234,366 and $224,532 for inventory purchase prepayment. The amounts were included in due from~~ related ~~parties~~ inparty ~~the accompanying consolidation balance sheets.~~

During the ~~nine~~three months ended ~~September~~March 3031, ~~2017~~2018 and ~~2016~~2017, the Company ~~made~~sold ~~loans~~products to Tongda in the amount of $~~440~~8,~~679~~603 and $~~418~~8,~~211~~215, ~~and Tongda~~ ~~repaid~~respectively. toThe ~~the~~corresponding ~~Company~~costs inof the ~~amount~~related ofparty sales were $~~232~~4,~~751~~836 and $~~156~~3,~~097~~742, respectively. ~~The loans~~As ~~were~~of ~~non-secured~~March 31, ~~non-interest~~2018 ~~bearing~~ and ~~due~~December on31, ~~demand~~2017, the Company had trade receivables from Tongda in the amount of $4,660 and $27,676, respectively.

OnDue December 28, 2016, the Company sold certain used equipment with original cost and net book value of $977,650 and $121,307, respectively, to Tongda in exchange for $1,315,958. During the nine months ended September 30, 2017, the Company collected $60,893 from ~~Tongda~~related ~~for~~parties ~~the equipment.~~

As of ~~September~~March 3031, ~~2017~~2018 and December 31, ~~2016~~2017, ~~the~~respectively, ~~aggregated~~the ~~balances,~~Company ~~including~~advanced ~~loans~~$14,582 ~~to Tongda~~ and ~~other~~$14,075 ~~receivable from Tongda related~~ to ~~sale~~ ofGuohong ~~property,~~Zhao ~~plant~~for ~~and~~handling ~~equipment,~~selling ~~of $1,788,731~~ and ~~$1,572,419,~~ ~~respectively,~~logistic ~~were~~activities ~~included~~for inthe ~~due~~Company ~~from related parties~~ in the ~~accompanying consolidation~~ordinary ~~balance~~course ~~sheets~~of business.

~~Due~~As of March 31, 2018 and December 31, 2017, respectively, the Company advanced $12,165 and $11,742 to ~~related~~Kai ~~parties~~Liu for handling selling and logistic activities for the Company in the ordinary course of business.

~~Due~~As of March 31, 2018 and December 31, 2017, the Company had advance to ~~related~~Hongsheng ~~parties~~in ~~consist~~the amount of $248,334 and $239,701, which was included in due from related parties in the ~~following:~~accompanying consolidation balance sheets.

		September 30,		December 31,
		2017		2016
		(Unaudited)
Zhigang Xu		-		72,008
Fucai Zhan		135,247		148,498
Kai Liu		-		144,015
Others		6,140,485		18,711
Guohong Zhao		4,826		-
	$	6,280,558	$	383,232

During the three months ended March 31, 2018 and 2017, the Company made loans to Tongda in the amount of $nil and $101,362, and Tongda repaid to the Company in the amount of $nil and $232,281, respectively. The loans were non-secured, non-interest bearing and due on demand. On December 28, 2016, the Company sold certain used equipment with original cost and net book value of $977,650 and $121,307, respectively, to Tongda in exchange for $1,315,958 including VAT. During the three months ended March 31, 2018, the Company collected $280,843 from Tongda for the equipment sold. As of March 31, 2018 and December 31, 2017, the Company had loans to Tongda in the amount of $506,340 and $488,737, and receivable from Tongda regarding sale of equipment in the amount of $1,104,740 and $1,340,710, respectively, both of which were included in due from related parties in the accompanying consolidation balance sheets.

~~Amounts~~During ~~owed~~the bythree months ended March 31, 2018 and 2017, the Company advanced $nil and $72,588, and received repayment of $99,778 and $100,171, respectively, from Fuwu. In addition, Fuwu paid operating expense on behalf of the Company ~~represent~~in ~~non-secured~~the amount of $nil and $27,586, respectively. As of ~~non-interest~~March ~~bearing~~31, ~~loans~~2018 ~~obtained~~and December 31, 2017, the amounts due from ~~related~~Fuwu ~~parties~~was $nil and $97,481, respectively, which ~~are~~were included in due onfrom related parties in the ~~demand.~~accompanying consolidation balance sheets.

~~During~~Due ~~the~~to ~~nine months ended September 30, 2017, the Company was advanced $6,959,146 from the~~ related parties ~~and made repayment of $1,236,399 against the borrowings.~~

~~F-10~~Due to related parties consist of the following:

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

		March 31,		December 31,
		2018		2017
		(Unaudited)
Others	$	3,678,522	$	7,050,268
Fucai Zhan		119,423		138,325
Guohong Zhao		19,695		19,010
	$	3,817,640	$	7,207,603

~~Special~~Amounts ~~Note~~owed ~~Regarding~~by ~~Forward~~the ~~Looking~~Company ~~Statements~~represent non-secured and non-interest bearing loans obtained from related parties which are due on demand.

InDuring ~~addition to historical information, this report contains forward-looking statements within~~ the ~~meaning~~three ofmonths ~~Section~~ended ~~27A~~March ~~of the Securities Act of 1933~~31, ~~as amended~~2018, ~~and Section 21E of~~ the ~~Securities Exchange Act of 1934,~~Company asrepaid ~~amended. We use words such as “believe~~$3,~~” “expect~~605,”701 ~~“anticipate,”~~to ~~“project,” “target,”~~related ~~“plan,”~~parties ~~“optimistic,”~~in ~~“intend,”~~relation ~~“aim,” “will” or similar expressions which are intended~~ to ~~identify~~advances ~~forward-looking~~made ~~statements.~~in Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the ~~plans,~~ ~~strategies and objectives of management for future operations; any~~year ~~statements~~ended ~~regarding~~December ~~future economic conditions or performance; as well as all assumptions~~31, ~~expectations, predictions, intentions or beliefs about future events~~2017. ~~You~~During are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those identified in Item 1A “Risk Factors” included in our Annual Report on Form 10-K for the ~~year~~three months ended ~~December~~March 31, ~~2016~~2017, ~~as well as assumptions, which, if~~Guohong ~~they~~Zhao ~~were~~paid ~~to ever materialize or prove incorrect~~$14,060 ~~could~~operating ~~cause~~expense ~~the~~on ~~results~~behalf of the ~~Company~~ ~~to differ materially from those expressed or implied by such forward-looking statements~~Company.

Readers are urged to carefully review and consider the various disclosures made by us in this report and our other filings with the SEC. These reports attempt to advise interested parties of the risks and factors that may affect our business, financial condition and results of operations and prospects. The forwardF-~~looking~~10 statements made in this report speak only as of the date hereof and we disclaim any obligation, except as required by law, to provide updates, revisions or amendments to any forward-looking statements to reflect changes in our expectations or future events.

~~Use~~ITEM of2. ~~Terms~~MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

~~Except~~Special ~~where~~Note ~~the~~Regarding ~~context~~Forward ~~otherwise~~Looking ~~requires~~Statements ~~and for the purposes of this report only:~~

•In ~~“THT,”~~addition ~~“Company,”~~to ~~“we,”~~historical ~~“us~~information,” orthis ~~“our”~~report ~~are~~contains forward-looking tostatements within the ~~combined~~meaning ~~business~~of Section 27A of ~~THT~~the ~~Heat~~Securities Act ~~Transfer~~of ~~Technology~~1933, ~~Inc.~~as amended, aand ~~Nevada~~Section ~~corporation,~~21E ~~and~~of ~~its~~the ~~consolidated~~Securities ~~subsidiaries:~~Exchange ~~Megaway,~~Act ~~Star~~of ~~Wealth~~1934, as ~~SipingJuyuan~~amended. ~~and~~We ~~Beijing~~use ~~Juyuan;~~words •such as “~~Megaway~~believe,” is“expect,” to“anticipate,” ~~Megaway~~“project,” “target,” ~~International~~“plan,” ~~Holdings~~“optimistic,” ~~Limited~~“intend,” a“aim,” ~~BVI~~“will” ~~company;~~or •similar ~~“Star~~expressions which ~~Wealth”~~are isintended to ~~Star~~identify ~~Wealth~~forward-looking ~~International~~statements. ~~Holdings~~Such ~~Limited~~statements include, aamong ~~Hong~~others, ~~Kong~~those ~~company;~~concerning •market ~~“SipingJuyuan”~~and isindustry tosegment ~~Siping~~growth ~~City~~and demand ~~Juyuan~~and ~~Hanyang~~acceptance ~~Plate~~of ~~Heat~~new ~~Exchanger~~and ~~Co.~~existing ~~Ltd.,~~products; aany ~~PRC~~projections ~~company;~~of •sales, earnings, ~~“Beijing~~revenue, ~~Juyuan”~~margins isor toother ~~Beijing~~financial ~~Juyuan~~items; ~~Hanyang~~any ~~Heat~~statements ~~Exchange~~of ~~Equipment Co.~~the plans, ~~Ltd.,~~strategies aand ~~PRC~~objectives ~~company;~~of ~~“BVI”~~management isfor tofuture ~~the British Virgin Islands~~operations; •any statements ~~“Hong~~regarding ~~Kong”~~future iseconomic toconditions ~~the~~or ~~Hong~~performance; ~~Kong~~as ~~Special~~well ~~Administrative~~as ~~Region~~all assumptions, ofexpectations, ~~the~~predictions, ~~People’s~~intentions ~~Republic~~or ofbeliefs ~~China;~~about •future events. ~~“PRC”~~You ~~and “China”~~ are tocautioned ~~the~~that ~~People’s~~any ~~Republic~~such offorward-looking ~~China;~~statements ~~“SEC”~~are isnot guarantees toof ~~the~~future ~~Securities~~performance and ~~Exchange~~involve ~~Commission;~~risks •and ~~“Exchange~~uncertainties, ~~Act”~~including those isidentified toin ~~the~~Item ~~Securities~~1A ~~Exchange~~“Risk ~~Act~~Factors” ofincluded ~~1934,~~in asour ~~amended;~~Annual •Report ~~“Securities~~on ~~Act”~~Form 10-K isfor to the ~~Securities~~year ~~Act~~ended ofDecember ~~1933~~31, 2017, as ~~amended;~~well •as ~~“Renminbi”~~assumptions, ~~and~~which, ~~“RMB”~~if they ~~are~~were to ~~the~~ever ~~legal~~materialize ~~currency~~or ofprove ~~China; and • “U.S. dollars~~incorrect,” ~~“dollars”~~could ~~and~~cause ~~“$” are to~~ the ~~legal~~results ~~currency~~ of the Company ~~United States. • “Center” or “Investor” are~~ to ~~Jilin~~differ ~~Province~~materially ~~Technology~~from ~~Fund~~those ~~Operation~~expressed ~~and~~or ~~Service~~implied ~~Center,~~by ~~a non~~such forward-~~controlling~~looking ~~interest that holds 1~~statements.~~18%~~ ~~ownership interest in SipingJuyuan~~

~~Overview~~Readers are urged to carefully review and consider the various disclosures made by us in this report and our other filings with the SEC. These reports attempt to advise interested parties of the risks and factors that may affect our ~~Business~~business, financial condition and results of operations and prospects. The forward-looking statements made in this report speak only as of the date hereof and we disclaim any obligation, except as required by law, to provide updates, revisions or amendments to any forward-looking statements to reflect changes in our expectations or future events.

WeUse are a leading total solution provider in the heat exchange industry. Our major products are plate heat exchangers, heat exchanger units, air-cooled heat exchangers and shell-and-tube heat exchangers. Unlike most other heat exchanger manufacturers in China, we not only provide heat exchange products, but also provide total solutions to our customers. As a total solutions provider, we analyze the working condition of ~~our~~Terms ~~customers, provide optimized designs based on analysis and simulation, offer high quality heat exchange products, and continuously assist our customers in improving the heat exchange process.~~

10Except where the context otherwise requires and for the purposes of this report only:

~~Over~~. ~~the~~“THT,” ~~past~~“Company,” ~~ten~~“we,” ~~years~~“us,” weor ~~have~~“our” ~~successfully~~are ~~completed~~to ~~over 3,000~~the ~~projects~~combined inbusiness ~~more~~of ~~than~~THT 15Heat ~~industries~~Transfer Technology, ~~including metallurgy~~Inc., ~~heat~~a Nevada corporation, and ~~power~~its consolidated subsidiaries: Megaway, ~~petrochemical~~ Star Wealth, ~~food~~Siping Juyuan and ~~beverage~~Beijing Juyuan; . “Megaway” are to Megaway International Holdings Limited, ~~pharmaceutical~~a ~~and~~BVI ~~shipbuilding~~company; . We“Star ~~have provided~~Wealth” ~~heat~~are ~~exchange~~to ~~solutions~~Star toWealth ~~Fortune~~International ~~500~~Holdings ~~companies~~Limited, ~~including~~a ~~Shell~~Hong Kong company; . “Siping Juyuan” are to Siping City Juyuan Hanyang Plate Heat Exchanger Co. Ltd., BPa PRC company; . “Beijing Juyuan” are to Beijing Juyuan Hanyang Heat Exchange Equipment Co., ~~BASF,~~ LGLtd., ~~Sinopec~~a ~~and~~PRC company; . “BVI” are to the British Virgin Islands; . “Hong Kong” are to the Hong Kong Special Administrative Region of the People’s Republic of China; ~~Shenhua~~. We“PRC” ~~have~~and ~~also~~“China” ~~provided~~are ~~heat~~to ~~exchange products~~the ~~for~~People’s ~~important~~Republic ~~Chinese~~of China; . “SEC” are to the Securities and ~~international~~Exchange ~~projects~~Commission; ~~such~~. “Exchange Act” are to the Securities Exchange Act of 1934, as amended; . “Securities Act” re to the ~~Beijing 2008~~Securities ~~Olympics~~Act ~~Wukesong~~of ~~Sports~~1933, ~~Center~~as amended; . “Renminbi” and “RMB” are to the legal currency of China; and . “U.S. dollars,” ~~Guangdong~~“dollars” ~~Linao~~and ~~nuclear~~“$” ~~plant~~are to the legal currency of the United States. . “Center” or “Investor” are to Jilin Province Technology Fund Operation and ~~BASF Chemical~~Service ~~plant~~Center, ina ~~Germany~~non-controlling interest that holds 1.18% ownership interest in SipingJuyuan.

~~Our~~Overview ~~operations~~of ~~are~~our ~~headquartered~~Business ~~in Siping, Jilin Province, PRC. Our primary Chinese operating subsidiaries are SipingJuyuan and BeijingJuyuan.~~

~~Recent~~We ~~Development~~are a leading total solution provider in the heat exchange industry. Our major products are plate heat exchangers, heat exchanger units, air-cooled heat exchangers and shell-and-tube heat exchangers. Unlike most other heat exchanger manufacturers in China, we not only provide heat exchange products, but also provide total solutions to our customers. As a total solutions provider, we analyze the working condition of our customers, provide optimized designs based on analysis and simulation, offer high quality heat exchange products, and continuously assist our customers in improving the heat exchange process.

InOver ~~February~~the ~~2017,~~past ~~SipingJuyuan~~ten ~~signed~~years, anwe ~~agreement~~have ~~with~~successfully ~~the~~completed over ~~Center~~3,000 toprojects ~~receive~~in ~~capital~~more ~~funding~~than ~~from~~15 ~~the~~industries, ~~Center~~including ofmetallurgy, ~~RMB9~~heat and power,~~000~~ petrochemical,~~000~~ food and beverage, ~~accounted~~pharmaceutical ~~for 1~~and shipbuilding.~~18%~~ ofWe ~~the~~have provided ~~ownership~~heat ~~interest~~exchange ofsolutions ~~SipingJuyuan~~to ~~post-investment.~~Fortune On500 ~~July~~companies, 27including Shell, BP, ~~2017~~BASF, ~~SipingJuyuan~~LG, ~~received~~Sinopec ~~the~~and ~~RMB9,000,000,~~China orShenhua. ~~$1,335,490,~~We have also provided heat exchange products for important Chinese and international projects such as the ~~transaction~~Beijing ~~was~~2008 ~~completed~~Olympics Wukesong Sports Center, Guangdong Linao nuclear plant and BASF Chemical plant in Germany.

~~Third Quarter Financial Performance Highlights~~ 2

~~The~~Our ~~following~~operations ~~summarizes~~are ~~certain~~headquartered ~~key~~in ~~financial~~Siping, ~~information~~Jilin ~~for~~Province, ~~the~~PRC. ~~third~~Our ~~quarter~~primary ofChinese ~~2017:~~operating subsidiaries are Siping Juyuan and Beijing Juyuan.

•First ~~Sales~~Quarter ~~revenue:~~Financial ~~Sales~~Performance ~~revenue~~Highlights increased by $4.47 million, or 50.59%, to $13.32 million for the three months ended September 30, 2017, from $8.85 million for the same period in 2016. • Gross profit: Gross profit decreased by $3.64 million, or 112.26%, to $(0.40) million for the three months ended September 30, 2017, from $3.24 million for the same period in 2016. As a percentage of sales revenue, gross profit decreased by 39.64%, to (2.98) % for the three months ended September 30, 2017, from 36.66% for the same period in 2016. • Net loss attributable to THT Heat Transfer Technology, Inc. common shareholders: Net loss attributable to THT Heat Transfer Technology, Inc. common shareholders increased by $5.18 million, or 3707.47%, to $5.04 million for the three months ended September 30, 2017, from net income attributable to THT Heat Transfer Technology, Inc. common shareholders of $0.14 million for the same period in 2016. • Net loss attributable to non-controlling interest: As of September 30, 2017, we had a 98.82% controlling economic interest and 100% voting interest in SipingJuyuan. As of September 30, 2016, we had a 100% controlling economic interest and 100% voting interest in SipingJuyuan. We consolidate SipingJuyuan’s operating results for financial statement purposes. Net loss attributable to non-controlling interest represents the portion of net loss attributable to the Center. • Fully diluted earings (loss) per share attributable to THT Heat Transfer Technology, Inc. common shareholders: Fully diluted loss per share attributable to THT Heat Transfer Technology, Inc. common shareholders was $0.25 for the three months ended September 30, 2017, as compared to Fully diluted earnings per share attributable to THT Heat Transfer Technology, Inc. common shareholders of $0.01 for the same period in 2016.

~~Results~~The following summarizes certain key financial information for the first quarter of ~~Operations~~2018:

~~Comparison~~. Sales revenue: Sales revenues increased by $3.21 million, or 80.21%, to $7.22 million for the three months ended March 31, 2018, from $4.01 million for the same period in 2017. . Gross profit: Gross profit decreased by $0.07 million, or 3.56%, to $1.77 million for the three months ended March 31, 2018, from $1.84 million for the same period in 2017. As a percentage of ~~Three~~sales ~~Months~~revenue, ~~Ended~~gross ~~September~~profit 30decreased by 21.33% to 24.56% for the three months ended March 31, 2018, from 45.89% for the same period in 2017. . Net loss attributable to THT Heat Transfer Technology, Inc. common shareholders: Net loss decreased by $1.23 million, or 90.61%, to $0.13 million for the three months ended March 31, 2018, from net loss attributable to THT Heat Transfer Technology, Inc. common shareholders of $1.36 million for the same period in 2017. . Net loss attributable to non-controlling interest: As of March 31, 2018, we had a 98.82% controlling economic interest and ~~September~~ 30100% voting interest in SipingJuyuan, ~~2016~~as of March 31, 2017, we had a 100% controlling economic interest and 100% voting interest in SipingJuyuan. We consolidate SipingJuyuan’s operating results for financial statement purposes. Net loss attributable to non-controlling interest represents the portion of net loss attributable to the Center. . Fully diluted loss per share attributable to THT Heat Transfer Technology, Inc. common shareholders: Fully diluted net loss per share attributable to THT Heat Transfer Technology, Inc. common shareholders was $0.01 for the three months ended March 31, 2018, as compared to $0.07 for the same period in 2017.

~~The~~Results ~~following table sets forth key components~~ of ~~our~~Operations ~~results of operations for the periods indicated.~~

		Three Months Ended
		September 30,						$		%
		2017			2016			Change		Change
Sales revenue-third parties	$	13,320,129		$	8,805,647		$	4,514,482		51.27
Sales revenue-related party		-			39,654			(39,654	)	(100	)
Total sales revenues		13,320,129			8,845,301			4,474,828		50.59
Total cost of revenues		(13,717,671	)		(5,602,378	)		(8,115,293	)	(144.85	)
Gross profit		(397,542	)		3,242,923			(3,640,465	)	(112.26	)
Operating expenses:
General and administrative expenses		2,369,915			1,643,159			726,756		44.23
Research and development expenses		411,866			608,072			(196,206	)	(32.27	)
Selling expenses		1,362,191			793,644			568,547		71.64
Total operating expenses		4,143,972			3,044,875			1,099,097		36.10
Income (loss) from operations		(4,541,514	)		198,048			(4,739,562	)	(2,393.14	)
Interest income		3,233			4,007			(774	)	(19.32	)
Other income		69,130			29,889			39,241		131.29
Finance costs		(59,378	)		(62,495	)		3,117		4.99
Investment income		292			12,179			(11,887	)	(97.60	)
Other expenses		(464,561	)		(65,253	)		(399,308	)	(611.94	)
Income (loss) before income taxes		(4,992,798	)		116,375			(5,109,173	)	(4,390.27	)
Income tax benefits (expense)		(109,784	)		23,401			(133,185	)	(569.14	)
Net income (loss)		(5,102,582	)		139,776			(5,242,358	)	(3,750.54	)
Net loss attributable to non-controlling Interest		(60,209	)		-			(60,209	)	(100	)
Net income (loss) attributable to THT Heat Transfer Technology, Inc. common shareholders		(5,042,373	)		139,776			(5,182,149	)	(3,707.47	)

The following table sets forth key components of our results of operations for the periods indicated.

		Three Months Ended
		March 31,						$		%
		2018			2017			Change		Change
Sales revenue	$	7,211,275		$	3,998,106		$	3,213,169		80.37
Sales revenue – related party		8,603			8,215			388		4.72
Total sales revenues		7,219,878			4,006,321			3,213,557		80.21
Cost of revenues		(5,446,817	)		(2,167,826	)		(3,278,991	)	151.26
Gross profit		1,773,061			1,838,495			(65,434	)	(3.56	)
Operating expenses:
General and administrative expenses		198,144			822,601			(624,457	)	(75.91	)
Research and development expenses		253,122			317,998			(64,876	)	(20.40	)
Selling expenses		1,520,301			2,222,048			(701,747	)	(31.58	)
Total operating expenses		1,971,567			3,362,647			(1,391,080	)	(41.37	)

Loss from operations		(198,506	)		(1,524,152	)		1,325,646		86.98

Interest income		3,108			3,270			(162	)	(4.95	)
Other income		114,870			42,985			71,885		167.23
Investment income		16,642			23,474			(6,832	)	(29.10	)
Other expenses		(1,573	)		-			(1,573	)	100.00
Finance costs		(63,887	)		(58,212	)		(5,675	)	9.75

Loss before income taxes		(129,346	)		(1,512,635	)		1,383,289		91.45
Income tax benefits		-			151,422			(151,422	)	(100	)
Net loss		(129,346	)		(1,361,213	)		1,231,867		90.50
Net loss attributable to non-controlling interest		(1,526	)		-			(1,526	)	(100	)
Net loss attributable to THT Heat Transfer Technology, Inc. common shareholders	$	(127,820	)	$	(1,361,213	)	$	1,233,393		90.61

Sales revenue. Our sales revenue is generated from sales of heat exchange products. Sales revenue increased by $4.47 million, or 50.59%, to $13.32 million for the three months ended September 30, 2017, from $8.85 million for the same period in 2016. Our sales volume in the three months ended September 30, 2017 amounted to 845 units, an increase of 291 units, from 554 units for the same period in 2016. Such increase was mainly due to increased sales revenue from heat exchanger units and other products in the three months ended September 30, 2017 as compared with the same period in 2016. Sales revenues from heat exchange units increased by $2.03 million, or 78.26%, to $4.62 million for the three months ended September 30, 2017, from $2.59 million for the same period in 2016. Sales revenues from other products increased by $2.14 million, or 146.26%, to $3.60 million for the three months ended September 30, 2017 from $1.46 million for the same period in 2016. We sold more products for the three-month period ended September 30, 2017 because the sales in this period also contained orders made in 2016, which were produced and sold in 2017. We generated more revenue from selling heat exchange unites and other products. This increase concentrates in the third quarter when production has fully begun.

~~The~~Sales ~~following~~revenues. ~~table~~Our ~~shows~~sales ~~our~~revenues is generated from sales ~~revenue~~of heat exchanger products. Sales revenues increased by ~~product~~approximately $3.21 million, or 80.21%, to $7.22 million for the three months ended March 31, 2018, from $4.01 million for the same period in 2017. Our sales volume in the three months ended ~~September~~March 3031, 2018 amounted to 511 units, an increase of 206 units, from 305 units for the same period in 2017. Such increase was mainly due to the increased sales revenues from heat exchanger unit, plate heat exchanger and ~~2016:~~other products in the three months ended March 31, 2018 as compared with the same period in 2017. Sales revenues from plate heat exchangers increased by $1.06 million, or 44.19%, to $3.50 million for the three months ended March 31, 2018, from $2.40 million for the same period in 2017. Sales revenues from heat exchange unit increased by $1.71 million, or 199.94%, to $2.56 million for the three months ended March 31, 2018, from $0.85 million for the same period in 2017. Sales revenues from other products increased by $0.40 million, or 53.86%, to $1.15 million for the three months ended March 31, 2018, from $0.75 million for the same period in 2017. We sold more plate heat exchangers, heat exchange units and other products for the three-month period ended March 31, 2018 due to a rise in demand and market expansion as a result of our marketing effort in the year ended December 31, 2017.

			Three Months Ended September 30,
		2017			2016
		$	%		$	%
Plate heat exchanger	$	4,875,408	37	$	4,791,977	54
Heat exchange unit		4,623,036	35		2,593,435	29
Air-cooled heat exchanger		43,606	0		-	-
Shell-and-tube heat exchanger		182,995	1		-	-
Others		3,595,084	27		1,459,889	17
TOTAL	$	13,320,129	100	$	8,845,301	100

The following table shows our sales revenues by product for the three months ended March 31, 2018 and 2017:

Cost of revenues. Our cost of revenues is primarily comprised of the costs of our raw materials, labor and factory overhead. Our cost of revenues increased by $8.12 million, or 144.85%, to $13.72 million for the three months ended September 30, 2017, from $5.6 million for the three months ended September 30, 2016. Cost of revenues as a percentage of sales revenue were 102.98% and 63.34% for the three months ended September 30, 2017 and 2016, respectively, an increase of 39.64 percentage points. The increase was mainly attributable to increase in percentage of sale of less profitable products and our recognition of inventory write-down to address the continuous decrease of market price of raw materials used in production in the three months ended September 30, 2017, compared to same period in 2016.

		Three Months Ended March 31,
		2018			2017
		$	%		$	%
Plate heat exchanger	$	3,459,461	48	$	2,399,254	60
Heat exchange unit		2,562,215	36		854,242	21
Shell-and-tube heat exchanger		44,264	1		2,817	-
Others		1,153,938	15		750,008	19
TOTAL REVENUES	$	7,219,878	100	$	4,006,321	100

12Cost of revenues. Our cost of revenues is primarily comprised of the costs of our raw materials, labor and factory overhead. Our cost of revenues increased by $3.28 million, or 151.26%, to $5.45 million for the three months ended March 31, 2018, from $2.17 million for the three months ended March 31, 2017. Cost of revenues as a percentage of sales revenues were 75.44% and 54.11% for the three months ended March 31, 2018 and 2017, respectively, an increase of 21.33 percentage points. The increase in cost of revenues is primarily due to the increase of the quality of our products by applying better material and using upgraded technology during manufacturing process to keep our product competitive against other products in the market and to maintain our increased market shares.

Gross profit. Our gross profit is equal to the difference between our sales ~~revenue~~revenues and our cost of revenues. ~~Our~~The gross profit decreased by $30.6407 ~~million,~~ or ~~112~~3.2656%, to $(01.~~40)~~77 million for the three months ended ~~September 30~~March 31, ~~2017~~2018, from $31.2484 million for the ~~same~~three ~~period~~months inended ~~2016.~~March ~~The decrease~~31, ~~in our gross profit was mainly attributable to increase of cost of revenues~~2017. The average unit selling price of our products ~~decreased~~increased by 17.2757%, to $1514,~~763~~129 in for the three months ended ~~September~~March 3031, ~~2017~~2018 in comparison with $1513,~~966 in~~135 for the same period inof ~~2016,~~2017. ~~and~~The ~~the~~ average unit cost increased by 6049.5396%, to $1610,~~234~~659 infor the three months ended ~~September~~March 3031, ~~2017~~2018 in comparison with $107,~~113 in~~108 for the same period of ~~in 2016~~2017. As a result of these factors, our gross profit margin for the three months ended ~~September~~March 3031, ~~2017~~2018 decreased to (224.~~98)~~56% from 36 45.6689% for the same period of ~~in 2016~~2017.

General and administrative expenses. Our general and administrative expenses consist of the costs associated with staff and ~~supporting~~support personnel who manage our business activities ~~and cost incurred by business operations~~. Our general and administrative expenses ~~increased~~decreased by $0.73 62 million, or 4475.2391%, to $20.3720 million for the three months ended ~~September~~March 3031, ~~2017~~ 2018, from $10.6482 million for the same period in 2017. As a percentage of sales revenues, general and administrative expenses decreased to 2.74% for the three months ended March 31, 2018, as compared to 20.53% for the same period in ~~2016~~2017. The ~~increase~~decrease in general ~~and~~ and administrative expenses was primarily ~~due~~because decreased marketing activities in the three months ended March 31, 2018, as compared to ~~increase~~same period in ~~bad~~2017, ~~debt~~as well as decrease in allowance for doubtful accounts reservation for the three months ended onMarch ~~September 30~~31, 2018 due to a healthier collection of our receivables compared with the same period in 2017.

Research and development expenses. Our research and development expenses consist of the costs associated with research and development personnel and expense in research and development projects. Our research and development expenses decreased by $0.20 million, or 32.27%, to $0.41 million for the three months ended September 30, 2017, from $0.61 million for the same period in 2016. The decrease in research and development expenses was mainly attributable to less product research and development to accommodate purchase orders for different products we have received for the three months ended September 30, 2017, compared to same period in 2016. 4

~~Selling~~Research and development expenses. Our ~~selling expenses include~~research ~~sales~~ and ~~commissions,~~development ~~travel~~expenses ~~cost,~~consist of the ~~cost~~costs ofassociated ~~advertising~~with ~~and~~research ~~promotional~~and ~~materials,~~ development ~~salaries~~personnel and ~~fringe~~expenses ~~benefits~~in ofresearch ~~sales personnel, after-sale support services~~ and ~~other~~development ~~sales-related costs~~projects. Our research ~~selling~~and development expenses ~~increased~~decreased by $0.57 07 million, or 7120.6440%, to $10.3625 million for the three months ended ~~September~~March 3031, ~~2017~~ 2018, from $0.7932 million for the same period in ~~2016~~2017. AsThe adecrease ~~percentage~~in ofresearch ~~sales revenue,~~and ~~selling~~development expenses ~~increased to 10.23% for the three months ended September 30, 2017, as compared to 8.97% for the same period in 2016. The increase~~ was mainly attributable to ~~the~~fewer ~~Company’s~~new ~~efforts~~products towas ~~develop new customers~~ordered, which led to ~~more~~less research ~~travelling~~ and ~~other~~development ~~marketing~~ activities.

~~Income~~Selling ~~(Loss)~~expenses. ~~before~~Our ~~income~~selling ~~taxes.~~expenses ~~Loss~~include sales ~~before~~commissions, the cost of advertising and promotional materials, salaries ~~income~~and ~~taxes~~fringe ~~increased~~benefits of sales personnel, after-sale support services and other sales-related costs. Our selling expenses decreased by $50.1170 million, or ~~4390~~31.2758%, to $41.9952 million for the three months ended ~~September~~March 3031, 2017, from ~~income~~$2.22 ~~before~~million for ~~income~~the ~~taxes~~same period in 2017. As a percentage of $0sales revenues, selling expenses decreased to 21.1206% for the three months ended March 31, 2018, as compared to ~~million~~55.46% for the same period in ~~2016~~2017. ~~Such~~The ~~increase~~decrease was mainly ~~attributable~~due to the ~~decrease~~decreased marketing activities in ~~our~~the ~~gross~~three ~~profit~~months ended March 31, 2018, as compared to same period in 2017.

~~Income~~Loss ~~taxes~~before ~~benefits~~income ~~(expense)~~taxes. ~~Our~~ ~~income~~Loss before income taxes ~~expense~~decreased ~~increased~~by $1.38 million, or 91.45%, to $0.1113 million for the three ~~months~~ months ended ~~September~~March 3031, ~~2017~~2018, from loss before income taxes ~~benefit~~ of $01.0251 million for ~~the~~ ~~same period in 2016, as some costs that resulted a net loss position were added back for tax purpose, thus yielded a taxable income in~~ the ~~three months ended September 30, 2017, whereas our operation in the~~ same period in ~~2016~~2017. ~~has~~Such ~~yielded a~~decrease ~~net income that~~ was ~~able~~mainly attributable to ~~benefit~~the ~~from deferred tax asset recognized from~~increase ~~our operations~~ in ~~six~~sales ~~months~~revenues ~~ended~~and ~~June~~decrease ~~30,~~in ~~2016~~operating expenses.

~~Net~~Income ~~loss~~tax ~~attributable to THT Heat Transfer Technology, Inc~~benefits. ~~common~~Our ~~shareholders.~~income Astax ~~a result of the cumulative effect of~~benefits ~~the~~decreased ~~foregoing factors, our net loss attributable~~ to ~~THT Heat Transfer Technology, Inc. common shareholders increased by~~ $~~5.18~~nil ~~million, or 3,707.47%, to $5.04 million~~ for the three months ended ~~September~~March 3031, ~~2017~~2018, from ~~net income of~~ $0.1415 million for the same period in ~~2016.~~2017, Asas a ~~percentage~~result of ~~sales~~we ~~revenue, our~~fully ~~net~~allowed the income ~~(loss)~~tax benefits ~~was~~since ~~(37.86%)~~we ~~and~~expected ~~1.58%~~a ~~for~~net ~~the~~loss ~~three~~in ~~months~~the ~~ended September~~foreseeable ~~30, 2017 and 2016, respectively~~future.

Net loss attributable to ~~non-controlling interest.~~THT ~~Non-controlling~~Heat ~~interest~~Transfer ~~represents the ownership interests~~Technology, ~~the~~Inc. ~~Center~~common ~~holds~~shareholders. inAs ~~SipingJuyuan~~a ~~and~~result of the ~~amount~~cumulative ~~recorded~~effect asof ~~non-controlling~~the ~~interest~~foregoing infactors, our ~~consolidated~~net ~~statements~~loss ofattributable ~~income~~to ~~and~~THT ~~comprehensive~~Heat ~~loss~~Transfer, isInc. common ~~computed~~shareholders decreased by ~~multiplying~~$1.23 ~~after-tax~~million, ~~income~~or ~~(loss)~~90.61%, to $0.13 million for the three months ended ~~September~~ 30March 31, ~~2017~~2018, byfrom ~~the~~net ~~percentage~~loss ~~ownership~~attributable into ~~SipingJuyuan~~THT ~~not directly~~Heat ~~attributable~~Transfer, toInc. uscommon shareholders of $1.36 ~~For~~million for the ~~three~~same ~~months~~period ~~ended~~in ~~September~~2017. As ~~30,~~a ~~2017~~percentage ~~and~~of ~~2016~~sales revenues, ~~the weighted~~our ~~average~~net ~~non-controlling~~loss ~~interest~~ attributable to ~~ownership~~THT ~~interests in~~Heat ~~SipingJuyuan~~Transfer, ~~not~~Inc. ~~directly~~common ~~attributable~~shareholders ~~to us~~ was 01.8577% and 033.98% for the three months ended March 31, 2018 and 2017, respectively.

~~Comparison~~Net loss attributable to non-controlling interest. Non-controlling interest represents the ownership interests the Center holds in SipingJuyuan and the amount recorded as non-controlling interest in our consolidated statements of ~~Nine~~income ~~Months~~and ~~Ended~~comprehensive ~~September~~income (loss) 30is computed by multiplying after-tax income for the three months ended March 31, ~~2017~~2018 ~~and~~by the percentage ownership in SipingJuyuan not directly ~~September~~attributable 30to us. For the three months ended March 31, ~~2016~~2018 and 2017, the weighted average non-controlling interest attributable to ownership interests in SipingJuyuan not directly attributable to us was 1.18% and nil%, respectively.

13Liquidity and Capital Resources

~~The~~As ~~following~~of ~~table~~March ~~sets~~31, ~~forth~~2018, ~~key~~we ~~components~~had ofcash ~~our~~and ~~results~~cash equivalents of $5.15 ~~operations~~million. ~~for~~We ~~the~~anticipate ~~periods~~that ~~indicated~~cash on hand will be sufficient to satisfy our ongoing obligations.

		Nine Months Ended
		September 30,						$		%
		2017			2016			Change		Change
Sales revenue-third parties	$	24,861,019		$	20,720,004		$	4,141,015		19.99
Sales revenue-related party		8,232			42,882			(34,650	)	(80.80	)
Total sales revenues		24,869,251			20,762,886			4,106,365		19.78
Cost of revenues		(20,572,238	)		(13,066,894	)		7,505,344		57.44
Gross profit		4,297,013			7,695,992			(3,398,979	)	(44.17	)
Operating expenses:
General and administrative expenses		5,047,734			4,153,756			893,978		21.52
Research and development expenses		1,144,441			1,139,973			4,468		0.39
Selling expenses		6,136,642			4,498,080			1,638,562		36.43
Total operating expenses		12,328,817			9,791,809			2,537,008		25.91
Loss from operations		(8,031,804	)		(2,095,817	)		(5,935,987	)	(283.23	)
Interest income		9,742			13,335			(3,593	)	(26.94	)
Other income		119,475			129,349			(9,874	)	(7.63	)
Finance costs		(178,942	)		(97,217	)		(81,725	)	(84.06	)
Investment income		29,235			20,972			8,263		39.40
Other expenses		(483,087	)		(72,904	)		(410,183	)	(562.63	)
Loss before income taxes		(8,535,381	)		(2,102,282	)		(6,433,099	)	(306.00	)
Income tax benefits		363,587			274,492			89,095		32.46
Net Loss		(8,171,794	)		(1,827,790	)		(6,344,004	)	(347.09	)
Net loss attributable to non-controlling interest		(60,209	)		-			(60,209	)	(100	)
Net loss attributable to THT Heat Transfer Technology, Inc. common shareholders		(8,111,585	)		(1,827,790	)		(6,283,795	)	(343.79	)

We believe our allowance for doubtful accounts for accounts receivable is appropriate. We have an installment payment arrangement with our customers. The China’s tightened credit policy led to delayed payments and delayed delivery schedules by our customers, which in turn caused us to increase our allowance for doubtful accounts for accounts receivable from $7.58 million in the three months ended March 31, 2017 to $11.19 million in the same period in 2018. The Company records an allowance for doubtful accounts at a rate of 25% for receivables aged between 1 to 2 years, 50% for receivables aged between 2 to 3 years and 100% for receivables aged over 3 years.

~~Sales revenue.~~ Our ~~sales~~allowance ~~revenue~~of ~~increased~~obsolete ~~by $4.11~~inventory ~~million,~~is oralso ~~19.78%,~~appropriate ~~to $24.87 million for the nine months ended September~~because ~~30,~~we ~~2017,~~purchase ~~from~~raw ~~$20.76~~materials ~~million~~after ~~for~~we ~~the~~receive ~~same~~purchase ~~period in 2016~~orders. ~~Our~~Although ~~sales volume in~~our ~~the~~customers ~~nine~~may ~~months~~delay ~~ended~~their ~~September~~payment ~~30,~~or ~~2017~~delivery ~~amounted to 1~~schedules,~~643~~ ~~units,~~which an increase ofour ~~254 units~~inventories, ~~from~~they ~~1,389~~do ~~units~~not ~~for~~cancel ~~the~~their ~~same~~orders ~~period~~so ~~in 2016. Such increase was mainly due to increased sales revenue from plate heat exchanger, heat exchanger unit, and other products in the nine months ended September 30, 2017~~ as ~~compared with the same period in 2016. Sales revenue from plate heat exchangers increased by $0.83 million, or 8.31%,~~ to ~~$10.69~~cause ~~million~~us ~~for the nine months ended September 30, 2017, from $9.87 million for the same period in 2016. Sales revenues from heat exchange unit increased by $0.53 million, or 7.7%,~~ to ~~$7.46 million~~classify ~~for~~ the ~~nine months ended September 30, 2017, from $6.93 million for the~~ ~~same~~delayed ~~period~~inventories in 2016. Sales revenues from other products increased by $2.69 million, or 72.99%, to $6.39 million for the nine months ended September 30, 2017 from $3.70 million for the same period in 2016. We generated more revenue from selling other products as weobsolete ~~are trying to sell our aged raw materials and replenish our stock with the newer ones to stable the profit line and respond to supply-side structural reform of by the Chinese government~~inventories.

~~The~~We ~~following~~expect ~~table~~that ~~shows~~the ~~our~~trend ~~sales~~of ~~revenue~~delayed bycustomer ~~product~~payments ~~for~~and delayed delivery schedules will continue in the future. We have been taking the ~~nine~~following ~~months~~measures ~~ended~~to ~~September~~mitigate ~~30,~~the ~~2017~~situation: 1) send the collection letters or call the customers to request payment; 2) appoint specialists to visit our customers to collect payment; and ~~2016:~~3) file law suits.

		Nine Months Ended September 30,
		2017			2016
		$	%		$	%
Plate heat exchanger	$	10,694,395	43	$	9,867,781	48
Heat exchange unit		7,463,516	30		6,929,784	33
Air-cooled heat exchanger		133,511	1		-	0
Shell-and-tube heat exchanger		185,818	1		270,212	1
Others		6,392,011	25		3,695,109	18
	$	24,869,251	100	$	20,762,886	100

14PRC legal restrictions permit payments of dividends by our PRC subsidiaries only out of their accumulated after-tax profits, if any, determined in accordance with PRC accounting standards and regulations. Our PRC subsidiaries are also required under PRC laws and regulations to allocate at least 10% of their annual after-tax profits determined in accordance with PRCGAAP to a statutory general reserve fund until the amounts in said fund reaches 50% of our registered capital. Allocations to these statutory reserve funds can only be used for specific purposes and are not transferable to us in the form of loans, advances, or cash dividends. Given that the Company and the PRC subsidiaries do not intend to pay dividends for the foreseeable future, we consider the impact of restrictions on our liquidity, financial condition and results of operations is not significant.

Cost of revenues. Our cost of revenues increased by $7.51 million, or 57.44%, to $20.57 million for the nine months ended September 30, 2017, from $13.06 million for the nine months ended September 30, 2016. The ~~increase~~following oftable ~~cost~~provides ofa ~~revenues~~summary ~~is mainly due to increase in sale~~ of ~~other~~ ~~products in which we yield less profit and~~ our ~~recognition~~net ofcash ~~inventory~~flows ~~write-down~~from ~~to address the continuous decrease of market price of raw materials used in production. Cost of revenues as a percentage of sales revenue were 82.72% and 62.93% for the nine months ended September 30~~operating, ~~2017 and 2016~~investing, ~~respectively,~~ ~~an increase of 19.79 percentage points. Comparing the nine months ended in September 30, 2017 to same period in 2016, we sold more heat exchanger unit, a product that require more material~~ and ~~labor~~financing ~~to assemble compared to the rest of our products~~activities.

~~Gross~~Cash ~~profit.~~Flow Our gross profit decreased by $3.40 million, or 44.17%, to $4.30 million for the nine months ended September 30, 2017, from $7.70 million for the same period in 2016. The decrease in our gross profit was mainly attributable to increase of cost of revenues. The average unit selling price of our products increased by 1.26% to $15,136 in the nine months ended September 30, 2017 in comparison with $14,948 in the same period in 2016, and the average unit cost increased by 33.10% to $12,521 in the nine months ended September 30, 2017 in comparison with $9,407 in the same period in 2016. As a result of these factors, our gross profit margin for the nine months ended September 30, 2017 decreased to 17.28% from 37.07% for the same period in 2016.

General and administrative expenses. Our general and administrative expenses increased by $0.89 million, or 21.52%, to $5.04 million for the nine months ended September 30, 2017, from $4.15 million for the same period in 2016. As a percentage of sales revenue, general and administrative expenses increased to 39.27% for the nine months ended September 30, 2017, as compared to 20.01% for the same period in 2016. The increase in general and administrative expenses was mainly attributable to increase in bad-debt allowance for the nine months ended September 30, 2017, compared to the same period in 2016.

		Three Months Ended March 31,
		2018			2017
Net cash provided by (used in) operating activities	$	2,198,739		$	(247,688	)
Net cash provided by (used in) investing activities		119,679			(1,012,452	)
Net cash used in financing activities		(3,605,701	)		(10,316	)
Effects of exchange rate change in cash, cash equivalents, and restricted cash		281,166			54,421
Net decrease in cash, cash equivalents, and restricted cash		(1,006,117	)		(1,216,036	)
Cash, cash equivalents, and restricted cash at beginning of the period		7,981,872			8,098,630
Cash, cash equivalents, and restricted cash at end of the period	$	6,975,755		$	6,882,594

~~Research~~Operating ~~and~~Activities development expenses. Our research and development expenses increased by $4,468, or 0.39%, to $1.14 million for the nine months ended September 30, 2017, from $1.13 million for the same period in 2016. The research and development activities conducted for the nine months ended September 30, 2017 and the same period in 2016 were generally stable.

~~Selling~~Net ~~expenses.~~cash ~~Our~~provided ~~selling~~operating ~~expenses~~activities ~~increased by~~was $12.6420 million, ~~or 36.43%, to $6.14 million~~ for the ~~nine~~three months ended ~~September~~ 30March 31, ~~2017~~2018, ~~from~~compared with $40.5025 million net cash used in operating activities for the same period in ~~2016~~2017. AsThe aincrease in net cash ~~percentage~~provided ofby ~~sales~~operating ~~revenue,~~activities ~~selling~~was ~~expenses~~primarily ~~increased~~due to ~~24.68%~~the ~~for~~decrease ~~the~~in ~~nine~~net loss ~~months~~of ~~ended~~$1.23 ~~September 30~~million, ~~2017,~~increase asin ~~compared~~trade toreceivables, ~~21.66%~~net ~~for~~of ~~the~~$2.45 ~~same~~million, ~~period~~and increase in ~~2016.~~ ~~The~~inventories, ~~increase~~net ~~was~~of ~~mainly~~$0.90 ~~attributable~~million, tooffset ~~the~~by ~~Company’s~~decrease ~~efforts~~in ~~to develop~~other ~~new customers~~receivables, ~~which~~prepayments ~~led~~and todeposits ~~more~~of ~~travelling~~$1.16 million and ~~other~~trade receivables-related ~~marketing~~party ~~activities~~of $1.10 million.

~~Loss~~Investing ~~before~~Activities income taxes. Loss before income taxes increased by $6.44 million, or 306.01%, to $8.54 million for the nine months ended September 30, 2017, from $2.10 million for the same period in 2016. Such increase was mainly attributable to decrease in gross profit.

~~Income~~Net ~~tax~~cash ~~benefits.~~provided ~~Our~~by ~~income~~investing ~~tax benefits~~activities ~~increased~~was to $0.3612 million for the ~~nine~~three months ended ~~September~~March 3031, ~~2016~~ 2018, ~~from~~compared with $01.2701 million net cash used in investing activities for the same period in ~~2016,~~2017. asThe aincrease ~~result~~ of ~~more~~ net cash ~~loss~~provided ~~was~~by ~~generated~~investing inactivities ~~the~~was ~~nine~~primarily ~~months~~due ~~ended~~to ~~September~~decrease ~~30,~~in ~~2017~~loans ~~compared~~made to ~~the~~ ~~same~~others ~~period~~of in$1.74 ~~2016~~million, ~~net~~offset ~~off~~ by ~~the~~decrease ~~tax~~in ~~effect~~repayments ~~due~~from toothers ~~costs~~of ~~added back for tax~~$0.58 ~~purpose~~million.

~~Net~~Financing ~~loss~~Activities attributable to THT Heat Transfer Technology, Inc. common shareholders. As a result of the cumulative effect of the foregoing factors, our net loss attributable to THT Heat Transfer Technology, Inc. common shareholders increased by $6.28 million, or 343.79%, to $8.11 million for the nine months ended September 30, 2017, from $1.83 million for the same period in 2016. As a percentage of sales revenue, our net loss was 32.62% and 8.80% for the nine months ended September 30, 2017 and 2016, respectively.

Net ~~loss~~cash ~~attributable~~used toin ~~non-controlling interest.~~financing ~~Non-controlling~~activities ~~interest~~was ~~represents~~$3.61 ~~the~~million ~~ownership interests~~for the ~~Center holds in SipingJuyuan and the amount recorded as~~ ~~non-controlling~~three ~~interest~~months inended ~~our~~March ~~consolidated~~31, ~~statements~~2018, ofcompared ~~income~~with ~~and comprehensive~~$0.01 ~~loss~~million ~~is computed by multiplying after-tax loss~~ for the ~~nine months~~same ~~ended~~period ~~September~~in ~~30,~~ 2017. byThe ~~the~~increase ~~percentage ownership~~ in ~~SipingJuyuan~~net ~~not directly~~cash ~~attributable~~used toin ~~us.~~financing ~~For~~activities ~~the~~is ~~nine~~due ~~months ended September 30, 2017 and 2016, the weighted average non-controlling interest attributable~~ to ~~owcnership~~ ~~interests~~increase in ~~SipingJuyuan~~repayments ~~not directly attributable~~ to usrelated ~~was~~party ~~0.29%~~advances ~~and~~of ~~0%, respectively~~$3.57 million.

15Capital Expenditures

~~Liquidity~~Our capital expenditures were used primarily for the purchase of equipment to expand our production capacity and ~~Capital~~deposits ~~Resources~~for land use rights. The table below sets forth the breakdown of our capital expenditures by use for the periods indicated.

As of September 30, 2017, we had cash and cash equivalents of $2.63 million. We anticipate that cash on hand and borrowing capacity under our bank loans will be sufficient to satisfy our ongoing obligations.

		Three Months Ended March 31,
		2018		2017
Purchase of equipment	$	260,943	$	8,096
Total capital expenditures	$	260,943	$	8,096

We ~~believe~~estimate ~~our~~that ~~allowance for doubtful accounts is appropriate. We have an installment payment arrangement with~~ our ~~customers.~~total ~~The~~capital ~~current economic~~expenditures ~~slowdown and China’s tightened credit policy led to delayed payments and delayed delivery schedules by our customers, which~~ in ~~turn~~fiscal ~~caused us to~~year ~~increase~~2018 ~~our~~will ~~allowance~~reach ~~for~~approximately ~~doubtful accounts from~~ $80.1885 million ~~in the nine months ended September 30, 2016~~ to ~~$10.42~~buy ~~million in~~ the ~~same~~equipment ~~period~~for ~~in 2017. To~~necessary ~~control~~products ~~inflation~~used ~~after~~in ~~a massive stimulus plan,~~ the ~~Chinese~~nuclear ~~government tightened~~power ~~its credit policy~~industry. As a result, state-owned banks limited their lending to large state-owned corporations and privately held companies continue to have difficulty accessing capital. Most of our customers have been affected by the tightened credit policy and have limited access to capital. The Company records an allowance for doubtful accounts at a rate of 25% for receivables aged between 1 to 2 years, 50% for receivables aged between 2 to 3 years and 100% for receivables aged over 3 years.

Our allowance of obsolete inventory is also appropriate because we purchase raw materials after we receive purchase orders. Although our customers may delay their payment or delivery schedules, which increase our inventories, they do not cancel their orders so as to cause us to classify the delayed inventories as obsolete inventories. 6

WeObligations ~~expect~~under ~~that~~Material ~~the~~Contracts trend of delayed customer payments and delayed delivery schedules will continue in the future. We have been taking the following measures to mitigate the situation: 1) send the collection letters or call the customers to request payment; 2) appoint specialists to visit our customers to collect payment; 3) file law suits.

~~PRC~~Except ~~legal restrictions permit payments of dividends by our PRC subsidiaries only out of their accumulated after-tax profits, if any, determined in accordance~~ with ~~PRC~~respect ~~accounting standards and regulations. Our PRC subsidiaries are also required under PRC laws and regulations~~ to ~~allocate at least 10% of their annual after-tax profits determined in accordance with PRC GAAP to a statutory general reserve fund until~~ the ~~amounts~~loan inobligations ~~said~~disclosed ~~fund~~above, ~~reaches~~we ~~50%~~have ofno ~~our~~material ~~registered~~obligations ~~capital. Allocations~~ to ~~these~~pay ~~statutory~~cash ~~reserve funds can only be used for specific purposes and are not transferable to us in the form of loans, advances,~~ or deliver cash ~~dividends. Given that the Company and the PRC subsidiaries do not intend~~ to ~~pay~~any ~~dividends~~other ~~for the foreseeable future, we consider the impact of restrictions on our liquidity, financial condition and results of operations is not significant~~party.

~~The~~Seasonality ~~following table provides a summary of our net cash flows from operating, investing, and financing activities.~~

~~Cash~~Our ~~Flow~~operating results and operating cash flows historically have been subject to seasonal variations. Our revenues usually increase over each quarter of the calendar year with the first quarter usually the slowest quarter because fewer projects are undertaken during and around the Chinese spring festival.

		Nine Months Ended
		September 30,
		2017			2016
Net cash used in operating activities	$	(10,766,849	)	$	(1,796,336	)
Net cash used in investing activities		(450,144	)		(1,401,768	)
Net cash provided by (used in) financing activities		7,109,096			(1,260,032	)
Effects of exchange rate change in cash		129,584			(203,176	)
Net decrease in cash and cash equivalents		(3,978,313	)		(4,661,312	)
Cash and cash equivalents at beginning of the period		6,609,680			9,680,293
Cash and cash equivalent at end of the period	$	2,631,367		$	5,018,981

Inflation

~~Operating~~Inflation ~~Activities~~and changing prices have not had a material effect on our business, and we do not expect that inflation or changing prices will materially affect our business in the foreseeable future. However, our management will closely monitor price changes in the Chinese economy and our industry and continually maintain effective cost controls in operations.

~~Net~~Off ~~cash~~Balance ~~used~~Sheet inArrangements operating activities was $10.77 million for the nine months ended September 30, 2017, compared to $1.80 million for the same period in 2016. The increase in net cash used in operating activities was mainly due to the increase in net loss of $6.34 million, deferred tax assets of $0.09 million, outflow of inventories, net of $10.68 million, other receivables, prepayments and deposits of $8.71 million, and decrease in income taxes payable of $0.51 million, offset by increase of allowance for doubtful accounts of $1.38 million and inventory write-down of $4.72 million, trade receivables of $2.05 million, trade receivables from a related party of $1.37 million, accounts payable of $3.16 million, and decrease of due from related parties of $4.94 million.

16We do not have any off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, sales or expenses, results of operations, liquidity or capital expenditures, or capital resources that are material to an investment in our securities.

~~Investing~~Critical ~~Activities~~Accounting Policies

~~Net~~Critical ~~cash~~accounting ~~used~~policies inare ~~investing~~those ~~activities~~we ~~was~~believe ~~$0.51~~are ~~million for the~~most ~~nine~~important ~~months~~to ~~ended~~portraying ~~September~~our ~~30,~~financial ~~2017,~~conditions ~~compared~~and ~~with~~results ~~$1.40~~of ~~million~~operations ~~in the same~~and ~~period~~also inrequire ~~2016.~~the ~~The~~greatest ~~decrease~~amount of ~~net~~subjective ~~cash~~or ~~used~~complex injudgments ~~investing~~by management. ~~activities~~Judgments ~~during~~and uncertainties regarding the ~~nine~~ ~~months~~application ~~ended~~of ~~September~~these policies ~~30,~~may ~~2017~~result ~~was~~in ~~primarily~~materially ~~due~~different toamounts ~~increase~~being inreported ~~repayment~~under various ~~from~~conditions ~~others~~or ofusing $2different assumptions.11 ~~million,~~There ~~offset~~have bybeen ~~increase~~no inmaterial ~~loans~~changes to ~~made~~the tocritical ~~others~~accounting ~~of $0.77~~policies ~~million~~previously ~~and~~disclosed ~~related~~in ~~parties~~our ofAnnual ~~$0.44~~Report ~~million,~~on Form ~~payments~~10-K tofor ~~acquire property,~~the ~~plant~~fiscal ~~and~~year ~~equipment~~ended ofDecember ~~$0.44~~31, ~~million~~2017.

~~Financing~~Recent ~~Activities~~Accounting Pronouncements

~~Net~~See ~~cash~~Note ~~provided~~3 byto ~~financing~~our ~~activities~~unaudited ~~was~~condensed ~~$7.11~~consolidated ~~million for~~financial ~~the~~statements ~~nine~~included ~~months~~elsewhere ~~ended September 30, 2017, compared with $1.26 million net cash used~~ in ~~financing~~this ~~activities for the same period in 2016~~report. The increase in net cash provided by financing activities resulted from an increase in proceeds from related parties of $6.91 million and increase in proceeds from non-controlling interest of $1.34 million, decrease in repayment of short-term loans of $4.54 million, offset by decrease in proceeds from short-term loan of $3.26 million and increase in repayment to related parties of $1.16 million.

~~Capital~~Revenue ~~Expenditures~~Recognition

~~Our~~Adoption ~~capital expenditures were used primarily for the purchase~~ of ~~equipment~~ASU to2014-09 ~~expand~~“Revenue ~~our~~from ~~production~~Contracts ~~capacity~~with ~~and deposits for land use rights.~~Customers ~~The~~(Topic ~~table~~606)” ~~below sets forth the breakdown of our capital expenditures by use for periods indicated.~~

		Nine Months Ended September 30,
		2017		2016
Construction costs	$	-	$	40,683
Purchase of equipment		483,803		6,906
Total capital expenditures	$	483,803	$	47,589

On January 1, 2018, we adopted ASC 606 using the modified retrospective method applied to those contracts that were not completed or substantially complete as of January 1, 2018. Results for the reporting period beginning after January 1, 2018 are presented under ASC 606, while prior period amounts have not been adjusted and continue to be reported in accordance with our historic accounting under Topic 605. Our opening retained earnings as of January 1, 2018 and revenue for the three months ended March 31, 2018, as a result of the impact of adopting ASC 606, are not impacted. See Note 4 to our unaudited condensed consolidated financial statements included elsewhere in this report.

WeITEM ~~estimate that our total capital expenditures in fiscal year 2017 will reach approximately $0~~3.85 ~~million~~QUANTITATIVE toAND ~~buy~~QUALITATIVE ~~the~~DISCLOSURES ~~equipment~~ABOUT ~~for~~MARKET ~~necessary products used in the nuclear power industry~~RISK.

~~Obligations~~Not ~~under~~Applicable. ~~Material Contracts~~

~~Except~~ITEM ~~with~~4. ~~respect~~CONTROLS toAND ~~the loan obligations disclosed above, we have no material obligations to pay cash or deliver cash to any other party~~PROCEDURES.

~~Seasonality~~Evaluation of Disclosure Controls and Procedures

~~Our~~We ~~operating~~maintain ~~results~~disclosure controls and ~~operating~~procedures ~~cash~~(as ~~flows~~defined ~~historically~~in ~~have~~Rule ~~been~~13a-15(e) ~~subject~~under tothe ~~seasonal~~Exchange ~~variations~~Act). ~~Our~~Disclosure ~~revenues~~controls ~~usually~~and ~~increase~~procedures ~~over~~refer ~~each~~to ~~quarter~~controls ofand ~~the~~other ~~calendar~~procedures ~~year~~designed ~~with~~to ensure that information required to be disclosed in the ~~third~~reports ~~quarter~~we ~~usually~~file or submit under the ~~slowest~~Exchange Act is ~~quarter~~recorded, ~~because~~processed, ~~fewer~~summarized ~~projects~~and ~~are~~reported ~~undertaken~~within ~~during~~the time periods specified in the rules and ~~around~~forms of the ~~Chinese~~SEC and that such information is accumulated and ~~spring~~communicated ~~festival~~to our management, including our Chief Executive Officer and Interim Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

~~Inflation~~ 7

~~Inflation~~As required by Rule 13a-15(e), our management has carried out an evaluation, with the participation and ~~changing~~under ~~prices~~the ~~have~~supervision ~~not~~of ~~had~~our aChief Executive ~~material~~Officer, ~~effect~~Mr. onGuohong Zhao, and Interim Chief Financial Officer, Mr. Zhigang Xu, of the effectiveness of the design and operation of our ~~business~~disclosure controls and procedures, as of March 31, 2018. Based upon, and weas doof ~~not~~the ~~expect~~date ~~that~~of this ~~inflation~~evaluation, orMessrs. ~~changing~~Zhao ~~prices~~and ~~will~~Xu determined that because of the material ~~materially~~ weaknesses ~~affect~~described in Item 9A “Controls and Procedures” of our ~~business~~Annual Report on Form 10-K for the year ended December 31, 2017, which we are still in the process ~~foreseeable~~of ~~future.~~remediating ~~However~~as of March 31, 2018, our disclosure controls and ~~management~~ procedures ~~will~~were ~~closely~~not ~~monitor~~effective. ~~price~~Investors ~~changes~~are indirected ~~the~~to ~~Chinese~~Item ~~economy~~9A ~~and~~of our Annual ~~industry~~ Report ~~and~~on ~~continually~~Form ~~maintain~~10-K ~~effective~~for ~~cost~~the ~~controls~~year inended ~~operations.~~December 31, 2017 for the description of these weaknesses.

~~Off~~Changes ~~Balance~~in ~~Sheet~~Internal ~~Arrangements~~Control over Financial Reporting

We doregularly ~~not~~review ~~have~~our ~~any~~system ~~off~~of ~~balance~~internal ~~sheet~~control ~~arrangements~~over financial ~~that~~reporting ~~have~~and ~~or are~~make ~~reasonably~~changes ~~likely~~ to ~~have~~our aprocesses ~~current~~and orsystems ~~future~~to ~~effect~~improve controls onand ~~our~~increase ~~financial condition~~efficiency, ~~changes~~while inensuring ~~financial~~that ~~condition,~~we ~~sales~~maintain oran ~~expenses, results of~~effective ~~operations,~~internal ~~liquidity~~control orenvironment. ~~capital~~Changes ~~expenditures,~~may orinclude ~~capital~~such ~~resources~~activities ~~that are~~as ~~material~~implementing tonew, anmore ~~investment~~efficient insystems, ~~our~~consolidating ~~securities~~activities, and migrating processes.

~~Critical~~During ~~Accounting~~its ~~Policies~~evaluation of the effectiveness of internal control over financial reporting as of December 31, 2017, our management identified material weakness related to inadequate segregation of duties relative to key financial reporting functions and our lack of: (1) Sufficient and adequately trained accounting and finance personnel with appropriate understanding of U.S. GAAP and SEC reporting requirement; (2) Qualified resources to perform the internal audit functions properly; (3) Internal audit system to prevent and detect control lapses and errors in the accounting of certain key areas including revenue recognition, purchase approvals, cash receipts and cash disbursement authorization, inventory safeguard and accumulation of cost of revenues in accordance with the Company's policies and appropriate costing method; (4) Skills and understanding to operate, review, and supervise the process of bookkeeping under the newly implemented ERP system; and (5) Well-established procedures to identify, approve and report related party transactions. As disclosed in our Annual Report on Form 10-K for the year ended December 31, 2017, our management has identified the steps necessary to address the material weaknesses, and in the first quarter of 2018, we continued to implement these remedial procedures.

~~Critical~~Other ~~accounting~~than ~~policies~~in ~~are~~connection ~~those~~with wethe ~~believe~~implementation ~~are most important to portraying our financial conditions and results~~ of ~~operations and~~the ~~also~~remedial ~~require~~measures ~~the~~described ~~greatest~~above, ~~amount~~there ofwere ~~subjective~~no orchanges ~~complex~~in ~~judgments~~our byinternal ~~management.~~controls ~~Judgments~~over ~~and~~financial ~~uncertainties~~reporting ~~regarding~~during the ~~application~~first quarter of ~~these policies~~2018 ~~may~~that ~~result in~~ have materially ~~different~~affected, ~~amounts being reported under various conditions~~ or ~~using~~are ~~different~~reasonably ~~assumptions.~~likely ~~There have been no material changes~~ to ~~the~~materially ~~critical~~affect, ~~accounting~~our ~~policies previously~~internal ~~disclosed~~control inover ~~our~~financial ~~Annual Report on Form 10-K for the fiscal year ended December 31, 2016~~reporting.

17PART II OTHER INFORMATION

~~Recent~~ITEM ~~Accounting~~1. ~~Pronouncements~~LEGAL PROCEEDINGS.

~~See~~From ~~Note~~time 3 to ~~our~~time, ~~unaudited~~we ~~condensed~~may ~~consolidated~~become ~~financial~~involved in various lawsuits ~~statements~~and ~~included~~legal ~~elsewhere~~proceedings, which arise, in ~~this~~the ~~report~~ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these, or other matters, may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition, cash flow or operating results.

ITEM 31A. ~~QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET~~ RISK FACTORS.

Not ~~Applicable~~applicable.

ITEM 42. ~~CONTROLS~~UNREGISTERED SALES OF EQUITY SECURITIES AND ~~PROCEDURES~~USE OF PROCEEDS.

~~Evaluation~~We have not sold any equity securities during the first quarter of ~~Disclosure~~2018 ~~Controls~~that ~~and~~were ~~Procedures~~not previously disclosed in a quarterly report on Form 10-Q or a current report on Form 8-K that was filed during the quarter.

WeNo ~~maintain~~repurchases ~~disclosure~~of ~~controls~~our ~~and~~common ~~procedures~~stock ~~(as~~were ~~defined~~made ~~in Rule~~during ~~13a-15(e) under~~ the ~~Exchange Act). Disclosure controls and procedures refer~~first toquarter controls and other procedures designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Interim Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure2018.

As required by Rule 13a-15(e), our management has carried out an evaluation, with the participation and under the supervision of our Chief Executive Officer, Mr. Guohong Zhao, and Interim Chief Financial Officer, Mr. Zhigang Xu, of the effectiveness of the design and operation of our disclosure controls and procedures, as of September 30, 2017. Based upon, and as of the date of this evaluation, Messrs. Zhao and Xu determined that because of the material weaknesses described in Item 9A “Controls and Procedures” of our Annual Report on Form 10-K for the year ended December 31, 2016, which we are still in the process of remediating as of September 30, 2017, our disclosure controls and procedures were not effective. Investors are directed to Item 9A of our Annual Report on Form 10-K for the year ended December 31, 2016 for the description of these weaknesses.8

~~Changes~~ITEM in3. ~~Internal~~DEFAULTS ~~Control~~UPON ~~over~~SENIOR ~~Financial Reporting~~ SECURITIES.

We regularly review our system of internal control over financial reporting and make changes to our processes and systems to improve controls and increase efficiency, while ensuring that we maintain an effective internal control environmentNone. ~~Changes may include such activities as implementing new, more efficient systems, consolidating activities, and migrating processes.~~

~~During~~ITEM its evaluation of the effectiveness of internal control over financial reporting as of December 31, 2016, our management identified material weakness related to inadequate segregation of duties relative to key financial reporting functions, and our lack of: (1) sufficient and adequately trained accounting and finance personnel; (2) qualified resources to perform the internal audit functions properly; (3) an internal audit department which renders ineffective our ability to prevent and detect control lapses and errors in the accounting of certain key areas; (4) skills and understanding to operate, review, and supervise the process of bookkeeping under newly implemented ERP system; and (5) well-established procedures to identify, approve, and report related party transactions. AsMINE ~~disclosed~~SAFETY in our Annual Report on Form 10-K for the year ended December 31, 2016, our management has identified the steps necessary to address the material weaknesses, and in the third quarter of 2017, we continued to implement these remedial proceduresDISCLOSURES.

~~Other~~Not than in connection with the implementation of the remedial measures described above, there were no changes in our internal controls over financial reporting during the third quarter of 2017 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reportingapplicable.

18ITEM 5. OTHER INFORMATION.

~~PART~~We IIhave ~~OTHER~~no ~~INFORMATION~~information to disclose that was required to be in a report on Form 8-K during the first quarter of 2018, but was not reported. There have been no material changes to the procedures by which security holders may recommend nominees to our board of directors.

ITEM 16. ~~LEGAL PROCEEDINGS~~EXHIBITS.

~~From~~The ~~time~~list toof ~~time,~~exhibits ~~we may become involved~~ in ~~various lawsuits and legal proceedings, which arise, in~~ the ~~ordinary~~Exhibit ~~course~~Index ~~of business. However, litigation is subject~~ to ~~inherent~~this ~~uncertainties,~~report ~~and an adverse result in these,~~is orincorporated ~~other~~herein ~~matters,~~by ~~may arise from time to time that may harm our business~~reference. ~~We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, cash flows, financial condition or operating results.~~

~~ITEM 1A. RISK FACTORS.~~9

~~Not~~SIGNATURES ~~applicable.~~

~~ITEM~~Pursuant 3.to ~~DEFAULTS~~the ~~UPON~~requirements ~~SENIOR~~of ~~SECURITIES~~the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

None.

Date: May 21, 2018	THT HEAT TRANSFER TECHNOLOGY, INC.

	By:	/s/ Guohong Zhao
		Guohong Zhao, Chief Executive Officer
		(Principal Executive Officer)

	By:	/s/ Zhigang Xu
		Zhigang Xu, Interim Chief Financial Officer
		(Principal Financial Officer and Principal
		Accounting Officer)

~~ITEM 4. MINE SAFETY DISCLOSURES.~~10

~~Not~~EXHIBIT ~~applicable.~~INDEX

ITEM 5. OTHER INFORMATION.

Exhibit No.	Description
31.1	Certifications of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certifications of Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certifications of Principal Executive Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certifications of Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	Interactive data files pursuant to Rule 405 of Regulation S-T (furnished herewith).

~~We have no information to disclose that was required to be in a~~11 report on Form 8-K during the third quarter of 2017, but was not reported. There have been no material changes to the procedures by which security holders may recommend nominees to our board of directors.

ITEM 6. EXHIBITS.

The list of exhibits in the Exhibit Index to this report is incorporated herein by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: November 14, 2017	THT HEAT TRANSFER TECHNOLOGY, INC.
	By:	/s/ Guohong Zhao
		Guohong Zhao, Chief Executive Officer
		(Principal Executive Officer)
	By:	/s/ Zhigang Xu
		Zhigang Xu, Interim Chief Financial Officer
		(Principal Financial Officer and Principal
		Accounting Officer)

EXHIBIT INDEX

Exhibit No.		Description
31.1.		Certifications of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Certifications of Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certifications of Principal Executive Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2		Certifications of Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101		Interactive data files pursuant to Rule 405 of Regulation S-T (furnished herewith).

Filing Compare · THT Heat Transfer Technology, Inc.