Monday, December 5, 2011

Hollysys Automation Technologies, Ltd.

Industry: Manufacturing

Main business locations: China

Registered Office:
P.O. Box 173
Kingston ChambersRoad Town,
Tortola, British Virgin Islands

Incorporation date: 1993

Listed on: NASDAQ
Ticker: HOLI

Financial highlights (Q1 2011):
Total Revenues: US$87,164M
Income from Income Tax: US$15,274M
Net Income: US$12,679M
Market Capitalization: 493.48M

About the BVI company:

The company, incorporated in the British Virgin Islands and headquartered in Beijing, China, was incorporated in 1993 under the name HLS Systems International Ltd. In July 2009, it changed its name to Hollysys Automation Technologies Ltd.

Through its subsidiaries, primarily through China-based operating companies, Hollysys Automation Technologies is engaged in design, development, producing, sales, installation and maintaining of automation and control equipment and systems in China.

The company focuses on Distributed Control Systems, which control outputs based on input conditions and/or algorithms with a primary focus on power plant and chemical plant automation systems. Other product lines include Programmable Logic Controllers (PLC), digital railway signal and information systems, safety controls for nuclear power reactors, and motor drice and transmission systems. The company sells its products and services to various industries, including materials, pharmaceutical, food and beverage processing, nuclear power and rail transportation.

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