Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island) - HOLI STOCK NEWS

Welcome to our dedicated page for Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island) news (Ticker: HOLI), a resource for investors and traders seeking the latest updates and insights on Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island) stock.

Hollysys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island) (NASDAQ: HOLI), established in 1993, is a prominent provider of automation and control technologies in China, with additional operations across Southeast Asia and the Middle East. Hollysys specializes in delivering advanced automation solutions that enhance operational safety, reliability, and efficiency across diverse industries, including industrial, railway, subway, and nuclear sectors.

Hollysys offers an extensive range of proprietary technologies such as Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), Railway Management Information Systems (RMIS), and Train Control Centers (TCC). Their product suite also includes Supervisory Control and Data Acquisition (SCADA) systems and solutions tailored for nuclear power automation and control. These integrated solutions have cemented Hollysys' reputation, with over 20,000 completed projects for more than 5,000 customers.

In recent developments, Hollysys has been involved in significant projects and partnerships. They played a critical role in the grid-connected power generation project of a 300-megawatt compressed air energy storage station and successfully executed intelligent manufacturing projects in the food and pharmaceutical sectors. Hollysys also continues to support critical rail projects, including the Xiangyang-Jingmen high-speed railway and significant urban rail transit initiatives.

Financially, Hollysys has shown consistent growth with a robust backlog of $962.2 million as of December 31, 2023. Despite facing challenges, the company reported increased revenue in some segments and maintained a solid cash flow. In 2024, Hollysys' financial highlights included revenues of $423.6 million for the first half of the fiscal year, demonstrating a steady increase compared to the prior fiscal period.

Hollysys is currently involved in a critical acquisition process by Ascendent Capital Partners, with shareholders voting in favor of the transaction. This move aims to take the company private, potentially offering significant value to shareholders and ensuring continued strategic growth.

For more details, visit Hollysys Automation Technologies Ltd. or contact investors@hollysys.com.