| Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|
Net revenues | |||||||||
Integrated contract revenue (including revenue from related parties of $3,871, $2,442 and $996 for the years ended June 30, 2016, 2017 and 2018, respectively) | |||||||||
466,461 | 385,500 | 477,790 | 481,006 | 478,261 | 328,551 | 304,967 | 248,576 | 164,118 | 149,303 |
Product sales (including revenue from related parties of $868, $9,447 and $10,834 for the years ended June 30, 2016, 2017 and 2018, respectively) | |||||||||
40,233 | 32,665 | 54,546 | 39,762 | 31,922 | 20,504 | 16,736 | 14,265 | 9,971 | 8,198 |
Revenue from services | |||||||||
34,074 | 13,778 | 11,989 | 10,611 | 11,149 | 0 | 0 | - | - | - |
Total net revenues | |||||||||
540,768 | 431,943 | 544,325 | 531,379 | 521,332 | 349,055 | 321,703 | 262,841 | 174,089 | 157,502 |
Costs of integrated contracts (including purchases from related parties of $22, $762 and $88 for the years ended June 30, 2016, 2017 and 2018, respectively) | |||||||||
314,233 | 277,476 | 310,545 | 300,332 | 330,039 | 218,586 | 189,152 | 165,354 | 110,268 | 99,423 |
Costs of products sold (including purchases from related parties of $370, $24 and $5 for the years ended June 30, 2016, 2017 and 2018, respectively) | |||||||||
10,770 | 9,971 | 24,023 | 12,547 | 11,580 | 6,800 | 6,204 | 6,359 | 3,668 | 3,500 |
Costs of services rendered | |||||||||
9,885 | 4,025 | 4,031 | 4,098 | 4,090 | 0 | 0 | - | - | - |
Gross profit | |||||||||
205,880 | 140,471 | 205,726 | 214,402 | 175,623 | 123,669 | 126,346 | 91,128 | 60,151 | 54,578 |
Operating expenses | |||||||||
Selling (including expenses from related parties of $517, nil and nil for the years ended June 30, 2016, 2017 and 2018, respectively) | |||||||||
27,158 | 24,412 | 25,637 | 26,263 | 28,258 | 26,794 | 27,636 | 20,445 | 12,152 | 10,021 |
General and administrative | |||||||||
46,323 | 44,297 | 45,832 | 50,786 | 39,716 | 29,648 | 26,025 | 16,671 | 13,914 | 48,981 |
Goodwill impairment charge | |||||||||
0 | 11,211 | 0 | 1,855 | 0 | 0 | - | - | - | - |
Research and development | |||||||||
36,605 | 30,109 | 36,564 | 35,779 | 36,486 | 32,507 | 25,552 | 20,132 | 13,071 | 8,829 |
VAT refunds and government subsidies | |||||||||
-24,450 | -29,828 | -22,890 | -30,388 | -27,244 | -22,982 | -18,306 | 10,811 | 11,533 | 7,703 |
Total operating expenses | |||||||||
85,636 | 80,201 | 85,143 | 84,295 | 77,216 | 65,967 | 60,908 | 46,437 | 27,604 | 60,128 |
Income from operations | |||||||||
120,244 | 60,270 | 120,583 | 130,107 | 98,407 | 57,702 | 65,438 | 44,690 | 32,547 | -5,550 |
Other income, net (including other income from related parties of $40, $602 and $731 for the years ended June 30, 2016, 2017 and 2018, respectively) | |||||||||
4,349 | 1,722 | 4,061 | 2,601 | -6,452 | 80 | 1,068 | -208 | -215 | 322 |
Foreign exchange loss | |||||||||
-1,099 | -135 | -299 | -6,765 | 794 | 800 | -275 | - | - | - |
Gains on deconsolidation of the Company's interests in Beijing Hollycon Electronic Technology Co., Ltd ("Hollycon") | |||||||||
0 | 14,514 | 0 | 0 | - | - | - | - | - | - |
Gains on disposal of a subsidiary | |||||||||
0 | 628 | 0 | 0 | - | - | - | - | - | - |
Gain on disposal of an equity investee | |||||||||
- | - | - | 80 | 0 | 0 | 2,043 | 1,400 | 0 | 400 |
Dilution gain on share of an equity investee | |||||||||
- | - | - | - | - | - | - | 756 | 0 | - |
Share of net income (loss) of equity investees | |||||||||
-1,571 | 3,607 | 7,834 | -2,910 | -2,692 | 297 | -3 | 2,847 | 3,958 | 178 |
Interest income | |||||||||
7,318 | 3,687 | 5,858 | 3,686 | 3,253 | 3,075 | 1,751 | 1,101 | 1,149 | - |
Interest expenses | |||||||||
-692 | -938 | -1,404 | -1,821 | -1,998 | -2,170 | -3,097 | -2,680 | -2,220 | -954 |
Dividend income from a cost investee | |||||||||
1,093 | 0 | 1,109 | 249 | 0 | 834 | 0 | 0 | - | - |
Income before income taxes | |||||||||
129,642 | 83,355 | 137,742 | 125,227 | 91,312 | 60,618 | 66,926 | 47,909 | 35,219 | -5,603 |
Income tax expenses | |||||||||
22,205 | 14,386 | 14,238 | 26,040 | 19,861 | 8,097 | 10,352 | 6,443 | 7,663 | 3,061 |
Net income | |||||||||
107,437 | 68,969 | 123,504 | 99,187 | 71,451 | 52,521 | 56,573 | 41,465 | 27,555 | -8,664 |
Less: net income attributable to non-controlling interests | |||||||||
276 | 25 | 5,033 | 2,660 | 1,831 | 527 | 351 | -4 | 1,851 | 5,186 |
Net income attributable to Hollysys Automation Technologies Ltd. | |||||||||
107,161 | 68,944 | 118,471 | 96,527 | 69,620 | 51,994 | 56,221 | 41,469 | 25,704 | -13,851 |
Other comprehensive income, net of tax of nil | |||||||||
Translation adjustments | |||||||||
17,410 | -14,428 | -48,841 | -1,386 | 2,146 | 4,193 | 5,910 | 9,308 | 1,219 | 605 |
Net income (loss) | |||||||||
107,437 | 68,969 | 123,504 | 99,187 | - | - | - | - | - | -8,664 |
Comprehensive income | |||||||||
124,847 | 54,541 | 74,663 | 97,801 | 73,597 | 56,714 | 62,483 | 50,774 | 28,775 | -8,058 |
Less: comprehensive income attributable to non-controlling interests | |||||||||
280 | -11 | 2,244 | 2,701 | 1,837 | 563 | 373 | 35 | 1,876 | 5,254 |
Comprehensive income attributable to Hollysys Automation Technologies Ltd. | |||||||||
124,567 | 54,552 | 72,419 | 95,100 | 71,760 | 56,151 | 62,110 | 50,738 | 26,899 | -13,313 |
Net income per ordinary share: | |||||||||
Basic | |||||||||
1.77 | 1.15 | 2.00 | 1.65 | 1.20 | 0.93 | 1.01 | 0.76 | 0.50 | -0.31 |
Diluted | |||||||||
1.75 | 1.14 | 1.97 | 1.61 | 1.19 | 0.92 | 1.01 | 0.75 | 0.50 | -0.31 |
Shares used in income per share computation: | |||||||||
Weighted average number of ordinary shares | |||||||||
60,434 | 60,189 | 59,170 | 58,612 | 57,926 | 56,167 | 55,659 | 54,564 | 51,243 | 44,950 |
Weighted average number of diluted ordinary shares | |||||||||
61,248 | 61,011 | 60,611 | 60,134 | 58,426 | 56,412 | 55,828 | 54,949 | 51,838 | 44,950 |