China TechFaith Wireless Communication Technology Limited reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the third quarter of 2013, TechFaith reported net revenue of USD 29.9 million, a decrease of 0.9% compared to USD 30.2 million in the previous quarter. Net income attributed to TechFaith for the third quarter of 2013 was USD 0.26 million or USD 0.00 per basic and diluted weighted average outstanding ADS, compared to net loss of USD 0.97 million or USD 0.02 loss per basic and diluted weighted average outstanding ADS in the previous quarter and net income of USD 0.88 million or USD 0.02 per basic and diluted weighted average outstanding ADS in the third quarter of 2012. Loss from operations was USD 0.409 million against income of USD 2.479 million a year ago. Income before income taxes was USD 0.011 million against USD 2.599 million a year ago.

For the nine-month period, the company reported total net revenues were USD 88.301 million against USD 106.631 million a year ago. Income from operations was USD 1.020 million against USD 2.996 million a year ago. Income before income taxes was USD 2.306 million against USD 4.201 million a year ago. Net loss attributable to TechFaith was USD 0.406 million or USD 0.01 basic and diluted per ADS against USD 0.251 million or USD 0.00 basic and diluted per ADS a year ago.

TechFaith currently expects total revenues for the fourth quarter of 2013 to be in the range of USD 28.0 million to USD 32 million. This forecast is TechFaith's current and preliminary view, which is subject to change.