{"id":8853,"date":"2022-04-29T21:00:00","date_gmt":"2022-04-29T21:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3741115_CN41115_0"},"modified":"2022-04-29T21:00:00","modified_gmt":"2022-04-29T21:00:00","slug":"hollysys-automation-technologies-reports-unaudited-financial-results-for-the-third-quarter-and-the-first-nine-months-ended-march-31-2022","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=8853","title":{"rendered":"Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2022"},"content":{"rendered":"<p><b><u>First Nine months of Fiscal Year 2022 <\/u><\/b><b><u>Financial Highlights<\/u><\/b><\/p>\n<ul type=\"disc\">\n<li><b>Total revenues<\/b> were <span class=\"xn-money\">$525.3 million<\/span>, an increase of 20.9% compared to the comparable prior year period. <\/li>\n<li><b>Gross margin<\/b> was 33.9%, compared to 36.4% for the comparable prior year period. <b>Non-GAAP gross margin<\/b> was 34.1%, compared to 36.4% for the comparable prior year period. <\/li>\n<li><b>Net income attributable to Hollysys<\/b> was <span class=\"xn-money\">$60.2 million<\/span>, a decrease of 11.2% compared to the comparable prior year period. <b>Non-GAAP net income attributable to Hollysys<\/b> was <span class=\"xn-money\">$69.5 million<\/span>, a decrease of 3.0% compared to the comparable prior year period. <\/li>\n<li><b>Diluted earnings per share<\/b> was <span class=\"xn-money\">$0.98<\/span>, a decrease of 12.5% compared to the comparable prior year period. <b>Non-GAAP diluted earnings per share<\/b> was <span class=\"xn-money\">$1.13<\/span>, a decrease of 4.2% compared to the comparable prior year period. <\/li>\n<li><b>Net cash provided by operating activities<\/b> was <span class=\"xn-money\">$15.7 million<\/span>. <\/li>\n<li><b>Days sales outstanding (&#8220;DSO&#8221;)<\/b> of 183 days, compared to 186 days for the comparable prior year period. <\/li>\n<li><b>Inventory turnover days<\/b> of 58 days, compared to 52 days for the comparable prior year period.<\/li>\n<\/ul>\n<p><b><u>Third Quarter of Fiscal Year 2022 <\/u><\/b><b><u>Financial Highlights<\/u><\/b><\/p>\n<ul type=\"disc\">\n<li><b>Total revenues<\/b> were <span class=\"xn-money\">$155.7 million<\/span>, an increase of 41.7% compared to the comparable prior year period. <\/li>\n<li><b>Gross margin<\/b> was 30.6%, compared to 37.4% for the comparable prior year period. <b>Non-GAAP gross margin<\/b> was 30.8%, compared to 37.5% for the comparable prior year period. <\/li>\n<li><b>Net income attributable to Hollysys<\/b> was <span class=\"xn-money\">$15.8 million<\/span>, a decrease of 0.2% compared to the comparable prior year period.<b> Non-GAAP net income attributable to Hollysys<\/b> was <span class=\"xn-money\">$18.3 million<\/span>, a decrease of 2.2% compared to the comparable prior year period. <\/li>\n<li><b>Diluted earnings per share<\/b> was <span class=\"xn-money\">$0.26<\/span>, which remained relatively stable compared to the comparable prior year period. <b>Non-GAAP diluted earnings per share<\/b> was <span class=\"xn-money\">$0.30<\/span>, a decrease of 3.2% compared to the comparable prior year period. <\/li>\n<li><b>Net cash used in operating activities<\/b> was <span class=\"xn-money\">$35.4 million<\/span>. <\/li>\n<li><b>DSO<\/b> of 215 days, compared to 279 days for the comparable prior year period. <\/li>\n<li><b>Inventory turnover days<\/b> of 69 days, compared to 58 days for the comparable prior year period.<\/li>\n<\/ul>\n<p>See the section entitled &#8220;Non-GAAP Measures&#8221; for more information about non-GAAP gross margin, non-GAAP net income attributable to Hollysys and non-GAAP diluted earnings per share.<\/p>\n<p>To further align the management&#8217;s interests with the shareholders&#8217; and deliver value to our shareholders through share purchases, Dr. <span class=\"xn-person\">Changli Wang<\/span>, the CEO and director of Hollysys, through a special purpose vehicle beneficially owned and funded by him, recently purchased a total of 1,055,000 ordinary shares in the open market in accordance with applicable SEC rules and regulations. <\/p>\n<p><span class=\"xn-location\">BEIJING<\/span>, April 30, 2022 \/PRNewswire\/ &#8212; Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (&#8220;Hollysys&#8221; or the &#8220;Company&#8221;), a leading provider of automation and control technologies and applications in <span class=\"xn-location\">China<\/span>, today announced its unaudited financial results for the third quarter of fiscal year 2022 ended <span class=\"xn-chron\">March 31, 2022<\/span>. Dr. <span class=\"xn-person\">Changli Wang<\/span>, the CEO and director of Hollysys, stated:<\/p>\n<p>&#8220;We are pleased to report another fiscal quarter with solid financial and operational performance and carried forward of our mission of automation for better lives, even though the COVID-19 continues bringing challenges, such as the rising raw materials costs and the reduced engineering efficiency. I am confident with a promising business future as I am witnessing the self-motivated and goal-oriented management team and employees, raising jointly and heading towards a more prosperous and vigorous Hollysys with clear overall industrial maps and wise developing plans.&#8221;<\/p>\n<p>The Industrial Automation (&#8220;IA&#8221;) business maintained its strong momentum with augmented market shares as Hollysys had been poised to capitalize on opportunities of the evolving IA industry and had gained wider market recognition. <\/p>\n<p>In the field of chemical and petrochemical industry, we maintained a fast mounting pace. In this fiscal quarter, Hollysys signed a framework agreement with BASF Group for its largest overseas investment project, Zhanjiang Project for the construction of its third largest integrated production base around the globe. Hollysys is the only domestic automation control system supplier in <span class=\"xn-location\">China<\/span> for this project, providing Gas Detection System (&#8220;GDS&#8221;) and Safety Instrumented System (&#8220;SIS&#8221;). Furthermore, Hollysys successfully delivered the Carbon Capture, Utilization and Storage (&#8220;CCUS&#8221;) project of Sinopec Group, in which the Company provided Distributed Control System (&#8220;DCS&#8221;), SIS, GDS, integrated control system and solution. The project is the first one million ton CCUS project in <span class=\"xn-location\">China<\/span>, and is expected to become the largest CCUS base and a benchmark project in <span class=\"xn-location\">China<\/span> after its completion. In the future, the Company will continue to strengthen its advantages and competitiveness, helping chemical and petrochemical customers achieve green energy and low carbon goals.<\/p>\n<p>In the thermal power sector, we continued to strengthen our market position in the high-end market and won the bid of several power contracts. For instance, we signed 2*660MW power units in Yan&#8217;an, and 2*660MW power units in <span class=\"xn-person\">Xinlin Gol<\/span>, among others. Despite the slowdown in the thermal power market, our advanced solutions and matured service help us win the favor, adherence and follow-up cooperation of customers, which will inject new vigor into future after-sell performance. Meanwhile, we are making progress on advanced intelligent technologies in the power sector, which will facilitate customers&#8217; construction of low-carbon and environmentally friendly projects. For example, the Jimsar Power Generation Project in which the Company participated had successfully passed the trial operation and embraced considerable satisfaction by the customer. Hollysys developed the &#8220;Whole-process Intelligent Collaborative Center&#8221; solution for the project that covers four functional modules of smart power generation platform, smart management service platform, smart facility application and active information security defense, aiming to build up a low-carbon, environmentally friendly and technology-leading intelligent power station. The Company also set up a new model for the construction of smart power plants in the whole process of the thermal power industry in <span class=\"xn-location\">China<\/span>.<\/p>\n<p>In addition, the Company is becoming more influential in the food and pharmaceutical field, which was attributable to its accelerated improvements, upgraded products and solutions, and vast breakthroughs on the development of its business among leading customers in the industry. In this fiscal quarter, Hollysys signed a contract with a customer in the pharmaceutical industry in <span class=\"xn-location\">Hubei<\/span>, who will employ HOLI comprehensive solution including instruments, SIS, Batch Processing System (&#8220;BATCH&#8221;), Industrial Optical Bus Control System (&#8220;OCS&#8221;), among others. The Company&#8217;s solution is expected to help the customer reduce construction costs for users, enhance the reliability and security of the control system and bring remarkable value experience. <\/p>\n<p>In Rail Transportation Automation (&#8220;RTA&#8221;) business, our market position has strengthened, and we take pride in our dedication to national transportation. For example, our technical team dedicated themselves to working at the front line during the Chinese New Year and assisted in maintaining the smooth operation of transportation for <span class=\"xn-location\">Beijing<\/span> 2022 Winter Olympics and Paralympics. As the Automatic Train Protection (&#8220;ATP&#8221;) supplier of Beijing-Zhangjiakou high-speed railway, Hollysys offered 7&#215;24 hours&#8217; world-leading intelligent guard during the events, ensuring the transportation and providing safe, fast, warm and comfortable experience for athletes, coaches and guests around the world. In the metro field, benefiting from our good customer relationships, we won the bid of Supervisory Control and Data Acquisition (&#8220;SCADA&#8221;) project of Chengdu Metro Ziyang Line after winning the <span class=\"xn-location\">Chengdu<\/span> 30 Line Project in the last few months. With respect to new market opportunities, Hollysys is seeking to leverage self-competitive advantage to sustain its leading position. Hollysys, as the chief editor, participated in the edit of Technical Standard for Precise Traffic Weather System of Highway (the &#8220;Standard&#8221;), regulating the structure, function, construction and application of highway traffic meteorological system. The implementation of the Standard is expected to further extend Hollysys&#8217; competitiveness, which will boost the development of the industry and help the construction of intelligent highways. <\/p>\n<p>COVID-19&nbsp;remains a challenge to our business, especially to the unit of mechanical and electrical solutions (&#8220;M&amp;E&#8221;) and other overseas business in general. We will continue to monitor the impact of COVID-19 on our business, and risk control remains our key focus.<\/p>\n<p>With our continuous dedication and experienced passionate expertise, we believe that we will continue to create greater value for our clients and shareholders.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"27\">\n<tr readability=\"4.5\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><u>Third <\/u><\/b><b><u>Quarter<\/u><\/b><b><u>&nbsp;and the First Nine months Ended March 31, 2022 Unaudited <\/u><\/b><b><u>Financial Results <\/u><\/b><b><u>Summary<\/u><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"6\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i><u>(In USD thousands, except for %, number of shares and per share data)<\/u><\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three months ended <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31, <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Nine months ended <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% <br \/>Change<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% <br \/>Change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Revenues<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">155,711<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">109,907<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">41.7%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">525,346<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">434,702<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">20.9%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;&nbsp; Integrated solutions contracts revenue<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">133,206<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">85,769<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55.3%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">424,274<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">333,943<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">27.0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;&nbsp; Products sales<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,146<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,543<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9.2%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26,663<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21,569<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23.6%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;&nbsp; Service rendered<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,359<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">17,595<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9 prnpr4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12.7)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">74,409<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">79,190<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6.0)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cost of revenues<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">108,070<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">68,807<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">57.1%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">347,324<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">276,482<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25.6%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gross profit<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">47,641<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">41,100<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15.9%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">178,022<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">158,220<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12.5%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total operating expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30,651<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23,728<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">29.2%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">122,599<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">86,633<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">41.5%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;&nbsp; Selling <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,409<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,160<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">59.3%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">34,438<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25,596<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">34.5%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;&nbsp; General and administrative<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,878<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,965<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7.3)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,918<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">39,723<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">43.3%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;&nbsp; Research and development<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,291<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,159<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23.8%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,951<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">41,760<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26.8%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;&nbsp; VAT refunds and government subsidies<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(10,927)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11,556)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5.4)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21,708)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(20,446)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6.2%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income from operations<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,990<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">17,372<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.2)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,423<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">71,587<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22.6)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other income, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">967<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">813<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18.9%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,927<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,587<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(46.3)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Foreign exchange (loss) gain<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(498)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">391<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(227.4)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,212)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5,277)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(58.1)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gains on disposal of investments in an <br \/>&nbsp;&nbsp; equity investee<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,995<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share of net (loss) income of equity <br \/>&nbsp;&nbsp; investees<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(428)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,725)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(84.3)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">558<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,934<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(71.1)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Losses on disposal of subsidiaries<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Dividend income from equity investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(93)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">453<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(120.5)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">86<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">456<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(81.1)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest income<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,151<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,132<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.6%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,335<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,852<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5.2)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(224)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(151)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48.3%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(590)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(428)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">37.9%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,038<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,571<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13.1%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,706<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,237<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(10.8)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss attributable to non-controlling <br \/>&nbsp;&nbsp; interests<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(145)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(97.9)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(343)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(296)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15.9%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net income attributable to Hollysys <br \/>&nbsp;&nbsp; Automation Technologies Ltd.<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,827<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,859<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.2)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,156<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">67,770<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11.2)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic earnings per share<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.26<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.26<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.0%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.99<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.12<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11.6)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Diluted earnings per share<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.26<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.26<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.0%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.98<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.12<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12.5)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,076<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,750<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(24.5)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,382<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,688<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">127.3%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of acquired intangible assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">370<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">70<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">428.6%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,002<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">225<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">345.3%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Non-GAAP net income attributable to <br \/>&nbsp;&nbsp; Hollysys Automation Technologies Ltd.<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18,273<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18,679<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.2)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">69,540<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">71,683<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3.0)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Non-GAAP basic earnings per share<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.30<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.31<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3.2)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.14<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.18<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3.4)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Non-GAAP diluted earnings per share<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.30<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.31<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3.2)%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.13<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.18<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4.2)%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic weighted average number of ordinary <br \/>&nbsp;&nbsp; shares outstanding<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61,068,732<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,522,107<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.9%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,945,131<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,502,714<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.7%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Diluted weighted average number of ordinary <br \/>&nbsp;&nbsp; shares outstanding<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61,644,902<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,559,890<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.8%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61,560,896<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,736,180<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.4%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1) See the section entitled &#8220;Non-GAAP Measures&#8221; for more information about these non-GAAP measures.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>Operational Results Analysis for the Third Quarter Ended <span class=\"xn-chron\">March 31, 2022<\/span><\/b><\/p>\n<p>Compared to the third quarter of the prior fiscal year, the <b>total revenues<\/b> for the three months ended <span class=\"xn-chron\">March 31, 2022<\/span> increased from <span class=\"xn-money\">$109.9 million<\/span> to <span class=\"xn-money\">$155.7 million<\/span>, representing an increase of 41.7%. In terms of revenues by type, integrated contracts revenue increased by 55.3% to <span class=\"xn-money\">$133.2 million<\/span>, products sales revenue increased by 9.2% to <span class=\"xn-money\">$7.1 million<\/span>, and services revenue decreased by 12.7% to <span class=\"xn-money\">$15.4 million<\/span>.<\/p>\n<p>The following table sets forth the Company&#8217;s <b>total revenues<\/b> by segment for the periods indicated. <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"6.5\">\n<tr readability=\"4.5\">\n<td colspan=\"15\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(In USD thousands, except for %)<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"9\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen4\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three months ended March 31,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen4\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Nine months ended March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% of<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% of<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% of<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% of<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Revenue<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Revenue<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Revenue<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Revenue<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Industrial Automation<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">101,854<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">65.4<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">67,454<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61.4<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">318,147<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60.5<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">242,273<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Rail Transportation Automation<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">34,224<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22.0<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30,673<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">27.9<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">149,570<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">28.5<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">140,638<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">32.4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mechanical and Electrical<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">19,633<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12.6<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,780<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10.7<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">57,629<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11.0<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">51,791<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11.9<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Solution<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>155,711<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>100.0<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>109,907<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>100.0<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>525,346<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>100.0<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>434,702<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>100.0<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>G<\/b><b>ross margin<\/b>&nbsp;was 30.6% for the three months ended&nbsp;March 31, 2022, as compared to 37.4% for the same period of the prior fiscal year. The gross margin fluctuated mainly due to changes in product and service mix.&nbsp;<b>Gross margin of integrated solutions contracts<\/b><b>, product sales, and service rendered<\/b>&nbsp;was&nbsp;25.4%, 65.9% and 59.5% for the three months ended&nbsp;March 31, 2022,&nbsp;as compared to 25.9%, 81.2% and 77.4% for the same period of the prior&nbsp;fiscal year,&nbsp;respectively. <b>N<\/b><b>on-GAAP <\/b><b>gross margin<\/b>&nbsp;was 30.8%&nbsp;for the three months ended&nbsp;March 31, 2022, as compared to 37.5% for the same period of the prior fiscal year.&nbsp;<b>Non-GAAP <\/b><b>gross margin of integrated solutions contracts<\/b>&nbsp;was 25.7% for the three months ended&nbsp;March 31, 2022,&nbsp;as compared to 25.9% for the same period of the prior&nbsp;fiscal year. See the section entitled &#8220;Non-GAAP Measures&#8221; for more information about non-GAAP gross margin and non-GAAP gross margin of integrated solutions contracts.<\/p>\n<p><b>S<\/b><b>elling expenses<\/b>&nbsp;were <span class=\"xn-money\">$11.4<\/span> million&nbsp;for the three months ended <span class=\"xn-chron\">March 31, 2022<\/span>, representing an increase of <span class=\"xn-money\">$4.2 million<\/span>, or 59.3%, compared to <span class=\"xn-money\">$7.2 million<\/span> for the same period of the prior fiscal year. The increase was primarily due to the significant increase in sales. Selling expenses as a percentage of total revenues&nbsp;were&nbsp;7.3%&nbsp;and&nbsp;6.5% for the three months ended <span class=\"xn-chron\">March 31, 2022<\/span> and 2021, respectively. <\/p>\n<p><b>G<\/b><b>eneral and administrative<\/b><b>&nbsp;<\/b><b>expenses<\/b><b>&nbsp;<\/b>were&nbsp;$13.9&nbsp;million for&nbsp;the quarter ended <span class=\"xn-chron\">March 31, 2022<\/span>, representing a decrease of <span class=\"xn-money\">$1.1 million<\/span> or 7.3% compared to <span class=\"xn-money\">$15.0 million<\/span> for the same quarter of the prior year, which was primarily due to a <span class=\"xn-money\">$1.3 million<\/span> decrease in credit losses. Share-based compensation expenses were <span class=\"xn-money\">$2.1 million<\/span> and <span class=\"xn-money\">$2.8 million<\/span> for the three months ended <span class=\"xn-chron\">March 31, 2022<\/span> and 2021, respectively. General and administrative expenses&nbsp;as a percentage of&nbsp;total revenues were&nbsp;8.9% and 13.6%&nbsp;for the three months ended <span class=\"xn-chron\">March 31<\/span>, 2022&nbsp;and 2021, respectively.&nbsp;<\/p>\n<p><b>Research and development expenses<\/b>&nbsp;were&nbsp;$16.3 million&nbsp;for the three months ended <span class=\"xn-chron\">March 31, 2022<\/span>, representing an increase of <span class=\"xn-money\">$3.1 million<\/span>, or 23.8%, compared to <span class=\"xn-money\">$13.2 million<\/span> for the same period of the prior fiscal year, which was primarily due to increased investments in research and development, including the upgrading of mainstream products and new products developed to meet the needs of the digital infrastructure market, such as the new generation DCS Macs V7, smart factory and smart city rail. Research and development&nbsp;expenses as a percentage of total revenues were&nbsp;10.5%&nbsp;and 12.0%&nbsp;for the three months ended <span class=\"xn-chron\">March 31, 2022<\/span> and 2021, respectively.<\/p>\n<p><b>The VAT refunds and government subsidies<\/b>&nbsp;were <span class=\"xn-money\">$10.9 million<\/span> for three months ended <span class=\"xn-chron\">March 31, 2022<\/span>, as compared to <span class=\"xn-money\">$11.6 million<\/span> for the same period in the prior fiscal year, representing a <span class=\"xn-money\">$0.6 million<\/span>, or 5.4%, decrease.<\/p>\n<p><b>The income tax expenses and the effective tax rate<\/b>&nbsp;were <span class=\"xn-money\">$4.0 million<\/span> and 20.3% for the three months ended <span class=\"xn-chron\">March 31, 2022<\/span>, respectively, as compared to <span class=\"xn-money\">$3.6 million<\/span> and 18.5% for comparable period in the prior fiscal year, respectively. The effective tax rate fluctuates, as the Company&#8217;s subsidiaries contributed different pre-tax income at different tax rates.<\/p>\n<p><b>Net income attributable to Hollysys<\/b>&nbsp;was <span class=\"xn-money\">$15<\/span>.8&nbsp;million,&nbsp;representing&nbsp;a&nbsp;decrease of 0.2% from <span class=\"xn-money\">$15.9<\/span> million&nbsp;reported in the&nbsp;comparable&nbsp;period in the prior fiscal year. <b>Non-GAAP net income attributable to Hollysys<\/b>,&nbsp;was <span class=\"xn-money\">$18.3 million<\/span> or <span class=\"xn-money\">$0.30<\/span> per diluted share. See the section entitled &#8220;Non-GAAP Measures&#8221; for more information about non-GAAP net income attributable to Hollysys. <\/p>\n<p><b>Diluted earnings per share<\/b>&nbsp;was <span class=\"xn-money\">$0<\/span>.26&nbsp;for the three months ended <span class=\"xn-chron\">March 31, 2022<\/span>, which remained relatively stable compared to the comparable period in the prior fiscal year.&nbsp;<b>Non-<\/b><b>GAAP diluted earnings per share<\/b>&nbsp;was <span class=\"xn-money\">$0<\/span>.30&nbsp;for the three months ended <span class=\"xn-chron\">March 31, 2022<\/span>, a decrease of 3.2% from <span class=\"xn-money\">$0.31<\/span> reported in the comparable period in the prior fiscal year.&nbsp;These were calculated based on 61.7 million and 60.6 million diluted weighted average ordinary shares outstanding for the three months ended <span class=\"xn-chron\">March 31, 2022<\/span> and 2021, respectively. See the section entitled &#8220;Non-GAAP Measures&#8221; for more information about non-GAAP diluted earnings per share.<\/p>\n<p><b><u>Contracts and <\/u><\/b><b><u>Backlog Highlights<\/u><\/b><\/p>\n<p>Hollysys achieved <span class=\"xn-money\">$299.2<\/span> million&nbsp;of value of new contracts for the three months ended <span class=\"xn-chron\">March 31, 2022<\/span>. Order backlog of contracts presents the amount of unrealized revenue to be earned from the contracts that Hollysys won.&nbsp;The backlog&nbsp;was <span class=\"xn-money\">$924<\/span>.0&nbsp;million as of <span class=\"xn-chron\">March 31, 2022<\/span>. The following table sets forth a breakdown of the value of new contracts achieved and backlog by segment.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"7\">\n<tr readability=\"4.5\">\n<td class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(In USD thousands, except for %)<\/i><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"4\" class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen7\"><\/td>\n<td colspan=\"4\" class=\"prngen10\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Value of new contracts achieved<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Backlog<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen10\"><\/td>\n<td colspan=\"4\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>for the three months<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&nbsp;ended March 31, 2022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>as of March 31, 2022<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen10\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\"><\/td>\n<td class=\"prnsbts prnsbr1 prnvab prnsbb1 prntac prnpl6 prnsbl1 prnpr6\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% of Total <br \/>Contract <br \/>Value<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% of Total <br \/>Backlog<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Industrial Automation <\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">163,699<\/span><\/p>\n<\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54.7<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">357,340<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">38.7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Rail Transportation Automation<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25,108<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8.4<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">342,224<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">37.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mechanical and Electrical Solutions<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td colspan=\"2\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">110,410<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">36.9<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">224,477<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24.3<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>299,217<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>100.0<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>924,041<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>100.0<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b><u>Ca<\/u><\/b><b><u>sh Flow Highlights<\/u><\/b><\/p>\n<p>For the three months ended <span class=\"xn-chron\">March 31, 2022<\/span>, the&nbsp;total<b> net cash outflow <\/b>was <span class=\"xn-money\">$47.4 million<\/span>. The<b> net cash <\/b><b>used in <\/b><b>operating activities<\/b>&nbsp;was&nbsp;$35.4 million. The <b>net cash used in investing activities<\/b> was <span class=\"xn-money\">$14.3 million<\/span>, mainly consisting of <span class=\"xn-money\">$31.2 million<\/span> purchases of short-term investments, <span class=\"xn-money\">$8.0 million<\/span> purchases of property, plant and equipment, and <span class=\"xn-money\">$1.3 million<\/span> investment of an equity investee, partially offset by <span class=\"xn-money\">$3.8 million<\/span> of proceeds from disposal of a subsidiary, and 22.3 million of maturity of short-term investments. <\/p>\n<p><b><u>Balance Sheet Highlights<\/u><\/b><\/p>\n<p>The total amount of <b>cash and cash equivalents <\/b>were&nbsp;$669.8 million, <span class=\"xn-money\">$715.5 million<\/span>, and <span class=\"xn-money\">$466.1 million<\/span> as of <span class=\"xn-chron\">March 31, 2022<\/span>, <span class=\"xn-chron\">December 31, 2021<\/span>, and <span class=\"xn-chron\">March 31, 2021<\/span>, respectively. <\/p>\n<p>For the three months ended <span class=\"xn-chron\">March 31, 2022<\/span>, DSO was&nbsp;215 days, as compared to&nbsp;279 days for the comparable prior fiscal year&nbsp;and 147 days for the last fiscal quarter; inventory turnover days were&nbsp;69 days, as compared to 58&nbsp;days for the comparable prior fiscal year&nbsp;and 50&nbsp;days for the last fiscal quarter. The <b>inventory <\/b>balance as of <span class=\"xn-chron\">March 31, 2022<\/span> was <span class=\"xn-money\">$89.2 million<\/span>, compared to <span class=\"xn-money\">$67.7 million<\/span> as of <span class=\"xn-chron\">December 31, 2021<\/span>, as we strategically stocked up inventories to minimize the adverse impacts of the ongoing global supply chain constraints following the COVID-19 outbreak. <\/p>\n<p><b><u>Financial Performance Guidance<\/u><\/b><\/p>\n<p>Based on information available as of the date of this press release, we provide the following financial performance guidance update for the full fiscal year 2022:<\/p>\n<ul type=\"disc\">\n<li>Full-year total value of new contracts is expected to be between <span class=\"xn-money\">$900 million<\/span> and <span class=\"xn-money\">$1 billion<\/span>, up 23% to 36% year-over-year. <\/li>\n<li>Revenue is expected to be in the range of <span class=\"xn-money\">$625 million<\/span> to <span class=\"xn-money\">$700 million<\/span>, up 5% to 18% year-over-year.<\/li>\n<\/ul>\n<p><b>About Hollysys Automation Technologies Ltd.<\/b><\/p>\n<p>Hollysys is a leading automation control system solutions provider in <span class=\"xn-location\">China<\/span>, with overseas operations in eight other countries and regions throughout <span class=\"xn-location\">Asia<\/span>. Leveraging its proprietary technology and deep industry&nbsp;know-how,&nbsp;Hollysys empowers its customers with enhanced operational safety, reliability, efficiency, and intelligence which are critical to their businesses. Hollysys derives its revenues mainly from providing integrated solutions for industrial automation and rail transportation automation. In industrial automation, Hollysys delivers the full spectrum of automation hardware, software, and services spanning field devices, control systems, enterprise manufacturing management and cloud-based applications. In rail transportation automation, Hollysys provides advanced signaling control and SCADA (Supervisory Control and Data Acquisition) systems for high-speed rail and urban rail (including subways). Founded in 1993, with technical expertise and innovation, Hollysys has grown from a research team specializing in automation control in the power industry into a group providing integrated automation control system solutions for customers in diverse industry verticals. As of <span class=\"xn-chron\">June 30, 2021<\/span>, Hollysys had cumulatively carried out more than 35,000&nbsp;projects for approximately 20,000 customers in various sectors including power, petrochemical, high-speed rail, and urban rail, in which Hollysys has established leading market positions.<\/p>\n<p><b>SAFE HARBOR STATEMENTS<\/b><\/p>\n<p>This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are &#8220;forward-looking statements,&#8221; including statements regarding the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;future,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;target,&#8221; &#8220;confident,&#8221; or similar expressions, involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys&#8217; management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company&#8217;s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company&#8217;s reports that are filed with the Securities and Exchange Commission and available on its website (<a target=\"_blank\" href=\"http:\/\/www.sec.gov\/\" rel=\"nofollow noopener\">http:\/\/www.sec.gov<\/a>). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.<\/p>\n<p><b>For further information, please contact:<\/b><\/p>\n<p>Hollysys Automation Technologies Ltd.<br \/><a target=\"_blank\" href=\"http:\/\/www.hollysys.com\/\" rel=\"nofollow noopener\">www.hollysys.com<\/a><br \/>+8610-58981386<br \/><a target=\"_blank\" href=\"mailto:investors@hollysys.com\" rel=\"nofollow noopener\">investors@hollysys.com<\/a><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"24.5\">\n<tr readability=\"3\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen10\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>HOLLYSYS AUTOMATION TECHNOLOGIES LTD.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen10\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntac prnpl6 prnsblb0 prnpr6\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(In USD thousands except for number of shares and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntac prnpl6 prnsblb0 prnpr8\"><\/td>\n<\/tr>\n<tr readability=\"9\">\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three months ended <br \/>March 31,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Nine months ended <br \/>March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net revenues<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9 prnpr8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Integrated solutions contracts revenue<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">133,206<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">85,769<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">424,274<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">333,943<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Products sales<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,146<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,543<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26,663<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21,569<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Revenue from services<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,359<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">17,595<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">74,409<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">79,190<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total net revenues<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>155,711<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>109,907<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>525,346<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>434,702<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Costs of integrated solutions contracts<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">99,406<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">63,593<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">313,369<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">245,330<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cost of products sold<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,436<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,230<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,334<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,177<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Costs of services rendered<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,228<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,984<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26,621<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26,975<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross profit<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>47,641<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>41,100<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>178,022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>158,220<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Selling <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,409<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,160<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">34,438<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25,596<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">General and administrative<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,878<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,965<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,918<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">39,723<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Research and development<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,291<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,159<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,951<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">41,760<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">VAT refunds and government subsidies<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(10,927)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11,556)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21,708)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(20,446)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total operating expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>30,651<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>23,728<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>122,599<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>86,633<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income from operations<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>16,990<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>17,372<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>55,423<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>71,587<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other income, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">967<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">813<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,927<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,587<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Foreign exchange (loss) gain<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(498)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">391<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,212)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5,277)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gains on disposal of an investment in an equity investee<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,995<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Losses on disposal of subsidiaries<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share of net (loss) income of equity investees<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(428)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,725)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">558<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,934<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Dividend income from equity investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(93)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">453<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">86<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">456<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest income<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,151<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,132<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,335<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,852<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(224)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(151)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(590)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(428)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income before income taxes<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>19,862<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>19,285<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>72,519<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>81,711<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income taxes expenses <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,038<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,571<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,706<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,237<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>15,824<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>15,714<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>59,813<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>67,474<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss attributable to non-controlling interests<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(145)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(343)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(296)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income attributable to Hollysys Automation <br \/>Technologies Ltd. <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>15,827<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>15,859<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>60,156<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>67,770<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Other comprehensive income, net of tax of nil<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Translation adjustments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,954<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5,356)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">20,513<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">78,297<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Comprehensive income <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>19,778<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>10,358<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>80,326<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>145,771<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: comprehensive loss attributable to non-controlling <br \/>&nbsp;&nbsp; interests<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,199)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(165)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,374)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(113)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Comprehensive income attributable to Hollysys <br \/>Automation Technologies Ltd.<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>20,977<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>10,523<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>81,700<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>145,884<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income per ordinary share:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.26<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.26<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.99<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.12<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.26<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.26<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.98<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.12<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Shares used in net income per share computation:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61,068,732<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,522,107<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,945,131<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,502,714<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61,644,902<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,559,890<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61,560,896<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,736,180<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"47.5\">\n<tr readability=\"3\">\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen10\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>HOLLYSYS AUTOMATION TECHNOLOGIES LTD.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen10\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CONSOLIDATED BALANCE SHEETS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen10\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(In USD thousands except for number of shares and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>ASSETS<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Current assets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">669,799<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">715,537<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Short-term investments <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">44,085<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">34,769<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restricted cash<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">36,298<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">37,998<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"13.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts receivable, net of allowance for credit losses of $76,061 and $74,331 as <br \/>&nbsp;&nbsp; of March 31, 2022 and December 31, 2021, respectively<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">360,589<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">359,816<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"13.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Costs and estimated earnings in excess of billings, net of allowance for credit losses <br \/>&nbsp;&nbsp; of $11,077 and $11,747 as of March 31, 2022 and December 31, 2021, <br \/>&nbsp;&nbsp; respectively<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">220,645<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">222,480<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts receivable retention<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,002<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,219<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"13.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other receivables, net of allowance for credit losses of $15,798 and $16,335 as of <br \/>&nbsp;&nbsp; March 31, 2022 and December 31, 2021, respectively<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">28,734<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,318<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Advances to suppliers<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">32,348<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">29,171<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amounts due from related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21,064<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">28,310<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Inventories<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">89,175<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">67,656<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Prepaid expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">756<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">779<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax recoverable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">164<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">393<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total current assets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,509,659<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,519,446<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-current assets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restricted cash<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,026<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,015<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Costs and estimated earnings in excess of billings<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,648<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,482<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts receivable retention<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,850<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,558<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Prepaid expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Property, plant and equipment, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">97,700<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">109,297<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Prepaid land leases<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,135<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18,120<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Intangible assets, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,767<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,152<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Investments in equity investees<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">42,152<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">46,920<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Investments securities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,576<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,659<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Goodwill<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">20,822<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22,527<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred tax assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,186<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,635<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating lease right-of-use assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,447<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,221<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total non-current assets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">223,311<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">243,588<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total assets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,732,970<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,763,034<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Current liabilities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Short-term bank loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Current portion of long-term loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,346<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,371<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">176,849<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">180,653<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Construction costs payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">98<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,540<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred revenue <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">211,593<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">208,173<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accrued payroll and related expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">17,878<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33,263<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,068<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,054<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Warranty liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,814<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,474<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other tax payables<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,443<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,138<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accrued liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">36,051<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">47,653<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amounts due to related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,250<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,544<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other liability<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating lease liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,224<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">378<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total current liabilities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>482,617<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>526,256<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-current liabilities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accrued liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,047<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,535<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Long-term loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">523<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">568<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,338<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">994<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred tax liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,600<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,617<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Warranty liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,618<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,038<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating lease liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,912<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,432<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other liability<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">76<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">78<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total non-current liabilities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22,114<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">27,262<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total liabilities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>504,731<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>553,518<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Commitments and contingencies<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&#8211;<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&#8211;<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Stockholders&#8217; equity:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"21\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Ordinary shares, par value $0.001 per share, 100,000,000 shares authorized; <br \/>&nbsp;&nbsp; 61,962,249 shares and 61,961,324 shares issued and outstanding as of March <br \/>&nbsp;&nbsp; 31, 2022 and December 31, 2021,<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Additional paid-in capital<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">242,149<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">240,073<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Statutory reserves<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">64,978<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">76,829<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Retained earnings <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">866,215<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">838,547<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accumulated other comprehensive income<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54,358<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49,207<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total Hollysys Automation Technologies Ltd. stockholder&#8217;s equity<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,227,762<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,204,718<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Non-controlling interests<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">477<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,798<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total equity<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,228,239<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,209,516<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total liabilities and equity<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,732,970<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,763,034<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"42\">\n<tr readability=\"4\">\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen10\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>HOLLYSYS AUTOMATION TECHNOLOGIES LTD<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(In USD thousands).<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td rowspan=\"2\" nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td rowspan=\"2\" nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">&nbsp;<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three months ended<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Nine months ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31, 2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31, 2022<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cash flows from operating activities:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net income <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,824<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">59,813<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjustments to reconcile net income to net cash provided by operating activities:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation of property, plant and equipment<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,612<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,696<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of prepaid land leases<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">101<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">312<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of intangible assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">384<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,045<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Allowance for credit losses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">708<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,710<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gains on disposal of property, plant and equipment<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(23)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share of net income (loss) of equity investees<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">428<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(558)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,076<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,382<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred income tax expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,515)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6,802)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gains on disposal of an investment in an equity investee<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(25)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(8,020)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Changes in operating assets and liabilities:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts receivable and retention<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">323<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(24,489)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Costs and estimated earnings in excess of billings<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,402<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(19,395)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Inventories&nbsp; <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(20,760)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(33,371)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Advances to suppliers<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,084)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11,090)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other receivables&nbsp; <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7,837)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4,676)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Prepaid expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">177<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Due from related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,359<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,431<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6,481)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22,900<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred revenue<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,623<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,681<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accruals and other payables<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(13,941)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(16,270)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Due to related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6,294)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">589<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,224<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,796<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other tax payables<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12,566)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,139)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash (used in) provided by operating activities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(35,438)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>15,699<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cash flows from investing activities:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Purchases of short-term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(31,186)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(57,445)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Purchases of property, plant and equipment<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7,983)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(19,078)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from disposal of a subsidiary<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,797<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,797<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from disposal of property, plant and equipment<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">77<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Maturity of short-term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22,319<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62,749<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Investment of an equity investee<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,261)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,261)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Receipts from collection of advances to equity investees<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,497<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Acquisition of a subsidiary, net of cash acquired<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(8,726)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash used in investing activities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(14,281)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(10,390)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cash flows from financing activities:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from short-term bank loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Repayments of short-term bank loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(23)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(60)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from long-term bank loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">110<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">339<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Repayments of long-term bank loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(157)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(522)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash used in financing activities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(59)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(183)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Effect of foreign exchange rate changes<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,351<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,450<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net (decrease) increase in cash, cash equivalents and restricted cash<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(47,427)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>16,576<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash, cash equivalents and restricted cash, beginning of period<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">759,550<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">695,547<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash, cash equivalents and restricted cash, end of period<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">712,123<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">712,123<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>Non-GAAP Measures<\/b><\/p>\n<p>To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, in evaluating our results, we use the following non-GAAP financial measures: non-GAAP gross profit and non-GAAP gross margin, non-GAAP gross profit and non-GAAP gross margin of integrated solutions contracts, non-GAAP net income attributable to Hollysys Automation Technologies Ltd., as well as non-GAAP basic and diluted earnings per share. <\/p>\n<p>These non-GAAP financial measures&nbsp;serve as additional indicators of our operating performance and not as any replacement for other measures in accordance with U.S. GAAP. We believe these non-GAAP measures help identify underlying trends in the Company&#8217;s business that could otherwise be distorted by the effect of the share-based compensation expenses, which&nbsp;are calculated based on the number of shares&nbsp;or options&nbsp;granted and the fair value&nbsp;as of the grant date,&nbsp;and amortization of acquired intangible assets. They will not result in any cash inflows or outflows. We believe that using non-GAAP measures help our shareholders to have a better understanding of our operating results and growth prospects. <\/p>\n<p>Non-GAAP gross profit and non-GAAP gross margin, non-GAAP gross profit and non-GAAP gross margin of integrated solutions contracts, non-GAAP net income attributable to Hollysys Automation Technologies Ltd., as well as non-GAAP basic and diluted earnings per share should not be considered in isolation or construed as an alternative to gross profit and gross margin, gross profit and gross margin of integrated solutions contracts, net income attributable to Hollysys Automation Technologies Ltd., basic and diluted earnings per share, or any other measure of performance, or as an indicator of the Company&#8217;s operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Non-GAAP gross profit and gross margin, non-GAAP gross profit and non-GAAP gross margin of integrated solutions contracts, non-GAAP net income attributable to Hollysys Automation Technologies Ltd., as well as non-GAAP basic and diluted earnings per share presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company&#8217;s data. The Company encourages investors and others to review the Company&#8217;s financial information in its entirety and not rely on a single financial measure.<\/p>\n<p>We define non-GAAP gross profit and non-GAAP gross margin as gross profit and gross margin, respectively, adjusted to exclude non-cash amortization of acquired intangibles. The following table provides a reconciliation of our gross profit and gross margin to non-GAAP gross profit and non-GAAP gross margin for the periods indicated.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"5.5\">\n<tr readability=\"4.5\">\n<td colspan=\"10\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(In USD thousands, except for %)<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td colspan=\"3\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three months ended<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Nine months ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td colspan=\"3\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\"><\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross profit<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>47,641<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>41,100<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>178,022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>158,220<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross margin<sup>(1)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>30.6%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>37.4%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>33.9%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>36.4%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Add:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Amortization of acquired intangible assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">370<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">70<\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,002<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">225<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP gross profit<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>48,011<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>41,170<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>179,024<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>158,445<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP gross margin<sup>(2)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>30.8%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>37.5%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>34.1%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>36.4%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\" nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"10\" class=\"prngen29\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1)&nbsp;Gross margin represents gross profit for the period as a percentage of revenue for such period.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"10\" class=\"prngen29\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2) Non-GAAP gross margin represents non-GAAP gross profit for the period as a percentage of revenue for such period.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>We define non-GAAP gross profit and non-GAAP gross margin of integrated solutions contracts as gross profit and gross margin of integrated solutions contracts, respectively, adjusted to exclude non-cash amortization of acquired intangibles associated with integrated solutions contracts. The following table provides a reconciliation of the gross profit of integrated solutions contracts to non-GAAP gross profit and non-GAAP gross margin of integrated solutions contracts for the periods indicated.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"13\">\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(In USD thousands, except for %)<\/i><\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr readability=\"9\">\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three months ended March 31, <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Nine months ended March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited<u>)<\/u><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross profit of integrated <br \/>&nbsp;&nbsp; solutions contracts<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>33,800<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>22,176<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>110,905<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>88,613<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross margin of integrated <br \/>&nbsp;&nbsp; solutions contracts<sup>(1)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>25.4%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>25.9%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>26.1%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>26.5%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Add: <\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Amortization of acquired intangible <br \/>&nbsp;&nbsp; assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">370<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">70<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,002<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">225<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP gross profit of <br \/>&nbsp;&nbsp; integrated solutions contracts<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>34,170<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>22,246<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>111,907<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>88,838<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP gross margin of <br \/>&nbsp;&nbsp; integrated solutions contracts<sup>(2)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>25.7%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>25.9%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>26.4%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>26.6%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1) Gross margin of integrated solutions contracts represents gross profit of integrated solutions contracts for the period as a <br \/>percentage of integrated solutions contracts revenue for such period.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"6\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2) Non-GAAP gross margin of integrated solutions contracts represents non-GAAP gross profit of integrated solutions contracts <br \/>for the period as a percentage of integrated solutions contracts revenue for such period.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>We define non-GAAP net income attributable to Hollysys as net income attributable to Hollysys adjusted to exclude the share-based compensation expenses and non-cash amortization of acquired intangible assets. The following table provides a reconciliation of net income attributable to Hollysys to non-GAAP net income attributable to Hollysys for the periods indicated.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"4\">\n<tr>\n<td colspan=\"10\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(In USD thousands)<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"3\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three months ended<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Nine months ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"3\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited<u>)<\/u><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income attributable to Hollysys Automation <br \/>&nbsp;&nbsp; Technologies Ltd.<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>15,827<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>15,859<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>60,156<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>67,770<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Add:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,076<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,750<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,382<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,688<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of acquired intangible assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">370<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">70<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,002<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">225<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnmr10\"><span class=\"prnews_span\"><b>Non-GAAP net income attributable to Hollysys <br \/>&nbsp;&nbsp; Automation Technologies Ltd.<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>18,273<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>18,679<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>69,540<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>71,683<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>Non-GAAP basic (or diluted) earnings per share represents non-GAAP net income attributable to Hollysys divided by the weighted average number of ordinary shares outstanding during the periods (or on a diluted basis). The following table provides a reconciliation of our basic (or diluted) earnings per share to non-GAAP basic (or diluted) earnings per share for the periods indicated.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"19\">\n<tr readability=\"4.5\">\n<td colspan=\"11\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(In USD thousands, except for number of shares and per share data)<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three months ended<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Nine months ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited<u>)<\/u><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income attributable to Hollysys Automation <br \/>&nbsp;&nbsp; Technologies Ltd.<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>15,827<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>15,859<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>60,156<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>67,770<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Add:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;&nbsp;&nbsp; Share-based compensation expenses<\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,076<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,750<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,382<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,688<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;&nbsp;&nbsp; Amortization of acquired intangible assets<\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">370<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">70<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,002<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">225<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnmr10\"><span class=\"prnews_span\"><b>Non-GAAP net income attributable to <br \/>&nbsp;&nbsp; Hollysys Automation Technologies Ltd.<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>18,273<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>18,679<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>69,540<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>71,683<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnmr10\"><span class=\"prnews_span\">Weighted average number of basic ordinary <br \/>&nbsp;&nbsp; shares<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61,068,732<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,522,107<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,945,131<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,502,714<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnmr10\"><span class=\"prnews_span\">Weighted average number of diluted ordinary <br \/>&nbsp;&nbsp; shares<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61,644,902<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,559,890<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61,560,896<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,736,180<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Basic earnings per share<sup>(1)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.26<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.26<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.99<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1.12<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Add: <br \/>Non-GAAP adjustments to net income per <br \/>&nbsp;&nbsp; share<sup>(2)<\/sup><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.04<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.05<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.15<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.06<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP basic earnings per share<sup>(3)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.30<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.31<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1.14<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1.18<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Diluted earnings per share<sup>(1)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.26<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.26<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.98<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1.12<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Add: <br \/>Non-GAAP adjustments to net income per <br \/>&nbsp;&nbsp; share<sup>(2)<\/sup><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.04<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.05<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.15<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.06<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP diluted earnings per share<sup>(3)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.30<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.31<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1.13<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1.18<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" nowrap=\"nowrap\" class=\"prngen29\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td colspan=\"11\" class=\"prngen29\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1) Basic (or diluted) earnings per share is derived from net income attributable to ordinary shareholders for computing basic (or<br \/>diluted) earnings per share divided by weighted average number of shares (or on a diluted basis). <\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"11\" class=\"prngen29\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2) Non-GAAP adjustments to net income per share is derived from non-GAAP adjustments to net income divided by weighted<br \/>average number of shares (or on a diluted basis).<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"6\">\n<td colspan=\"11\" class=\"prngen29\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3) Non-GAAP basic (or diluted) earnings per share is derived from non-GAAP net income attributable to ordinary shareholders<br \/>for computing non-GAAP basic (or diluted) earnings per share divided by weighted average number of shares (or on a diluted<br \/>basis).<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN41115&amp;sd=2022-04-29\"> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/hollysys-automation-technologies-reports-unaudited-financial-results-for-the-third-quarter-and-the-first-nine-months-ended-march-31-2022-301536066.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/hollysys-automation-technologies-reports-unaudited-financial-results-for-the-third-quarter-and-the-first-nine-months-ended-march-31-2022-301536066.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>First Nine months of Fiscal Year 2022 Financial Highlights Total revenues were $525.3 million, an increase of 20.9% compared to the comparable prior year period. Gross margin was 33.9%, compared to 36.4% for the comparable prior year period. Non-GAAP gross margin was 34.1%, compared to 36.4% for the comparable prior year period. Net income attributable [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":8854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-8853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2022 - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=8853\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2022 - My Blog\" \/>\n<meta property=\"og:description\" content=\"First Nine months of Fiscal Year 2022 Financial Highlights Total revenues were $525.3 million, an increase of 20.9% compared to the comparable prior year period. 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