EX-99.1

Exhibit 99.1

Selected Consolidated Financial Data

The following selected condensed consolidated statements of comprehensive income and other financial data for the six months ended December 31, 2020 and 2021, and the consolidated balance sheet data as of June 30, 2021 and December 31, 2021 have been derived from our unaudited condensed consolidated financial statements which are included elsewhere in this report. Our unaudited condensed consolidated financial statements have been prepared and presented in accordance with United States generally accepted accounting principles, or U.S. GAAP.

The selected consolidated financial data should be read in conjunction with, and are qualified in their entirety by reference to, our unaudited condensed consolidated financial statements and related notes and the “Operating and Financial Review and Prospects” included elsewhere in this report.

To facilitate a clear understanding of Hollysys’ operational results, a summary of unaudited financial results is shown as below:


(In USD thousands, except share numbers and per share data)

	Six months ended December 31,
	2020			2021
	(Unaudited)			(Unaudited)
Statement of Comprehensive Income Data
Net revenues
Integrated solutions contract revenue	$	248,174		$	291,068
Product sales		15,026			19,517
Revenue from services		61,595			59,051

Total net revenues		324,795			369,636
Costs of integrated solutions contracts		181,737			213,963
Costs of products sold		2,947			4,898
Costs of services rendered		22,991			20,393

Gross profit		117,120			130,382
Operating expenses
Selling		18,435			23,029
General and administrative		24,757			43,040
Research and development		28,601			36,660
VAT refunds and government subsidies		(8,890	)		(10,782	)

Total operating expenses		62,903			91,947

Income from operations		54,217			38,435
Other income, net		2,774			959
Foreign exchange loss		(5,668	)		(1,714	)
Gains on disposal of an investment in an equity investee		—			7,995
Share of net income of equity investees		4,659			986
Interest income		6,720			6,183
Interest expenses		(277	)		(366	)
Dividend income from equity investments		3			179

Income before income taxes		62,428			52,657
Income tax expenses		10,666			8,669

Net income		51,762			43,988
Less: net losses attributable to non-controlling interests		(151	)		(341	)

Net income attributable to Hollysys Automation Technologies Ltd.	$	51,913		$	44,329

Other comprehensive income, net of tax of nil
Translation adjustments	$	83,653		$	16,559

Comprehensive income		135,415			60,547

Less: comprehensive income (loss) attributable to non-controlling interests		53			(175	)

Comprehensive income attributable to Hollysys Automation Technologies Ltd.	$	135,362			60,722

Net income per share:
Basic	$	0.86		$	0.73
Diluted	$	0.86		$	0.72
Shares used in net income per share computation:
Basic		60,498,431			60,884,346
Diluted		60,693,633			61,556,602


	June 30,		December 31,
	2021		2021
			(Unaudited)
Balance Sheet Data
Total current assets		1,387,558		1,519,446
Total assets		1,594,253		1,763,034
Total current liabilities		422,630		526,256
Total liabilities		452,285		553,518
Net assets		1,141,968		1,209,516
Non-controlling interests		4,278		4,798
Stockholders’ equity		1,137,690		1,204,718