- July 7, 2021
- Posted by: Stratford Team
- Category: Business
BEIJING, July 6, 2021 /PRNewswire/ — Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys” or the “Company”), a leading provider of automation and control technologies and applications in China, today announced its business update and revised outlook:
Business Update
“With the easing of the pandemic and the steady economic recovery in China, management of the Company has fully grasped the market challenges and opportunities. It has made comprehensive efforts to enhance operating performance and the value of the Company in various areas such as marketing, internal management, research & development, and corporate governance.
In the Company’s industrial automation business:
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For the power segment, in the fourth quarter of the fiscal year 2021, the Company won a 2*660MW integration contract with a power company, providing a turnkey solution which includes Distributed Control System (“DCS”), Integrated Control System (“ICS”), Intelligent Operating…
