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Welcome to HollySys

About Us

Automation for Better Life

 

 

HollySys Automation Technologies specializes in industrial automation, rail automation and mechanical & engineering (M&E) solutions, with proven track records in industries, railways and buildings. Founded in 1993, HollySys listed its common stock on Nasdaq Global Selected Market under the stock quote "HOLI", with subsidiaries in China, Southeast Asia, India and Middle East.

 

HollySys Automation Technologies is headquartered in China and its international business HQ is located in Singapore. Through the localization of product development, marketing, customer communication and service work, HollySys had established itself as the local leading supplier providing solutions in the area of industrial automation, railway automation and M&E.

 

Developing with the future in mind, HollySys provides value-added solutions, customised products and systems with timely quality service for our extensive number of users. HollySys aims to create more value for customers and realise the goal of Better Life. 

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Product Offerings

Product Offerings

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A Letter to the Investors

A Letter to the Investors

DrWangChangLi_new2010Dear investors,

 

2011 was a tough year for us, economic recovery in the world has been slower than many people expected, and the Chinese economic growth has been subdued due to a series of tight fiscal and monetary policies to rein in the nonstop inflation, which render the much needed capital a scarce resource for small and medium non state owned enterprises. In spite of all of the difficulties, we are still pleased to report a strong set of results for the financial year 2011. Our revenue grew 51% to $262.8 million; net income increased by 60.2% to $42 million, earnings per share was reported at $0.76 compared with $0.51 EPS for last year. We closed our year with a healthy backlog of $296.4 million, which will help us to deliver a promising result for the year 2012.

 

Tough time never last, but tough people do.

Hollysys survived a string of unprecedented strikes and passed the severe test with an outstanding score amidst the negative market conditions and external disastrous events during our fiscal year 2011. The first came in to nearly halt the high-speed rail business since February, when the minister of the Ministry of China Rail, Liu Zhijun, who didn’t support Hollysys during his tenure, was removed because of criminal activities. Then the new nuclear power plant projects got suspended from March, a rippling effect of the Japanese nuclear power plant radiation leakage accident caused by the earthquake and tsunami. In addition to the two cold waves fallen upon us, Hollysys experienced the most catastrophic plague, which was the short selling pressure and the distrust of the China based companies, because some of them, especially those went public through back door listing, were found lacking of adequate corporate governance and internal controls and discovered or exposed to commit serious frauds in their proclaimed business data such as contracts, revenues, profits even bank account balances. With extraordinary courage and efforts called upon to have overcome the previous pummels, we had to confront another disastrous impact, the Wenzhou high speed rail collision accident, which killed 39 passengers and injured 191 passengers. Even though we concluded that our ATP system worked fine and normally during the accident based on data analysis from various sources not long after the accident, and we announced our conclusion on a timely basis, the tragic event still led to severe panic among our shareholders, and drove our prices to the 52 weeks low.

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