CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands |
12 Months Ended |
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2016 |
| 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
|
| 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
|
| Revenue from services |
34,074
|
13,778
|
11,989
|
| Total net revenues |
540,768
|
431,943
|
544,325
|
| 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
|
| 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
|
| Costs of services rendered |
9,885
|
4,025
|
4,031
|
| Gross profit |
205,880
|
140,471
|
205,726
|
| 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
|
| General and administrative |
46,323
|
44,297
|
45,832
|
| Goodwill impairment charge |
0
|
11,211
|
0
|
| Research and development |
36,605
|
30,109
|
36,564
|
| VAT refunds and government subsidies |
(24,450)
|
(29,828)
|
(22,890)
|
| Total operating expenses |
85,636
|
80,201
|
85,143
|
| Income from operations |
120,244
|
60,270
|
120,583
|
| 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
|
| Foreign exchange loss |
(1,099)
|
(135)
|
(299)
|
| Gains on deconsolidation of the Company's interests in Beijing Hollycon Electronic Technology Co., Ltd ("Hollycon") |
0
|
14,514
|
0
|
| Gains on disposal of a subsidiary |
0
|
628
|
0
|
| Share of net income (loss) of equity investees |
(1,571)
|
3,607
|
7,834
|
| Interest income |
7,318
|
3,687
|
5,858
|
| Interest expenses |
(692)
|
(938)
|
(1,404)
|
| Dividend income from a cost investee |
1,093
|
0
|
1,109
|
| Income before income taxes |
129,642
|
83,355
|
137,742
|
| Income tax expenses |
22,205
|
14,386
|
14,238
|
| Net income |
107,437
|
68,969
|
123,504
|
| Less: net income attributable to non-controlling interests |
276
|
25
|
5,033
|
| Net income attributable to Hollysys Automation Technologies Ltd. |
107,161
|
68,944
|
118,471
|
| Other comprehensive income, net of tax of nil |
|
|
|
| Translation adjustments |
17,410
|
(14,428)
|
(48,841)
|
| Comprehensive income |
124,847
|
54,541
|
74,663
|
| Less: comprehensive income attributable to non-controlling interests |
280
|
(11)
|
2,244
|
| Comprehensive income attributable to Hollysys Automation Technologies Ltd. |
$ 124,567
|
$ 54,552
|
$ 72,419
|
| Net income per ordinary share: |
|
|
|
| Basic |
$ 1.77
|
$ 1.15
|
$ 2.00
|
| Diluted |
$ 1.75
|
$ 1.14
|
$ 1.97
|
| Shares used in income per share computation: |
|
|
|
| Weighted average number of ordinary shares |
60,434,019
|
60,189,004
|
59,170,050
|
| Weighted average number of diluted ordinary shares |
61,248,565
|
61,011,510
|
60,611,456
|