SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Hollysys Automation Technologies, Ltd. – ‘6-K’ for 12/31/19

On:  Friday, 3/20/20, at 5:05pm ET   ·   For:  12/31/19   ·   Accession #:  1193125-20-80787   ·   File #:  1-33602

Previous ‘6-K’:  ‘6-K’ on / for 2/19/20   ·   Next:  ‘6-K’ on / for 5/14/20   ·   Latest:  ‘6-K’ on / for 4/15/24

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/20/20  Hollysys Automation Techs, Ltd.   6-K        12/31/19   79:8.3M                                   Donnelley … Solutions/FA

Report by a Foreign Issuer   —   Form 6-K   —   Rule 13a-16 / 15d-16
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 6-K         Report by a Foreign Issuer                          HTML     88K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     61K 
 3: EX-99.2     Miscellaneous Exhibit                               HTML    808K 
 4: EX-99.3     Miscellaneous Exhibit                               HTML    117K 
29: R1          Cover Page                                          HTML     37K 
75: R2          Condensed Consolidated Balance Sheets               HTML    210K 
46: R3          Condensed Consolidated Balance Sheets               HTML     42K 
                [Parenthetical]                                                  
23: R4          Condensed Consolidated Statements of Comprehensive  HTML    128K 
                Income                                                           
28: R5          Condensed Consolidated Statements of Cash Flows     HTML    169K 
73: R6          Condensed Consolidated Statements of Stockholders'  HTML     59K 
                Equity                                                           
44: R7          Organization and Business Background                HTML     67K 
21: R8          Summary of Significant Accounting Policies          HTML    191K 
31: R9          Operating Leases                                    HTML     81K 
12: R10         Inventories                                         HTML     39K 
39: R11         Investments in Equity Investees                     HTML     27K 
62: R12         Warranty Liabilities                                HTML     49K 
54: R13         Revenue From Contracts With Customers               HTML     66K 
13: R14         Short-Term Bank Loans                               HTML     29K 
40: R15         Long-Term Loans                                     HTML     57K 
63: R16         Fair Value Measurements                             HTML     69K 
55: R17         Stockholders' Equity                                HTML     27K 
14: R18         Income Tax                                          HTML     27K 
38: R19         Income Per Share                                    HTML     61K 
78: R20         Commitments and Contingencies                       HTML     32K 
51: R21         Segment Reporting                                   HTML    140K 
24: R22         Subsequent Events                                   HTML     26K 
33: R23         Summary of Significant Accounting Policies          HTML    260K 
                (Policies)                                                       
79: R24         Organization and Business Background (Tables)       HTML     63K 
52: R25         Summary of Significant Accounting Policies          HTML     96K 
                (Tables)                                                         
25: R26         Operating Leases (Tables)                           HTML     80K 
34: R27         Inventories (Tables)                                HTML     40K 
77: R28         Warranty Liabilities (Tables)                       HTML     49K 
53: R29         Revenue From Contracts With Customers (Tables)      HTML     59K 
58: R30         Long-Term Loans (Tables)                            HTML     63K 
65: R31         Fair Value Measurements (Tables)                    HTML     70K 
37: R32         Income Per Share (Tables)                           HTML     59K 
11: R33         Segment Reporting (Tables)                          HTML    144K 
57: R34         Organization and Business Background (Details)      HTML     59K 
64: R35         Organization and Business Background - Additional   HTML     38K 
                Information (Details)                                            
36: R36         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     42K 
                Property, plant and equipment, net (Details)                     
10: R37         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     59K 
                Additional Information (Details)                                 
56: R38         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     29K 
                Intangible assets, net (Details)                                 
66: R39         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     54K 
                Schedule of Cumulative Effect of the Changes Made                
                to the Company Consolidated Balance Sheet (Detail)               
49: R40         OPERATING LEASES -Additional Information (Details)  HTML     38K 
72: R41         OPERATING LEASES - Schedule of lease and Non-Lease  HTML     32K 
                Components (Details)                                             
32: R42         OPERATING LEASES - Schedule Of Other Information    HTML     36K 
                Related To Operating Leases (Details)                            
22: R43         OPERATING LEASES - Schedule of Future Minimum       HTML     44K 
                lease Payments for Operating leases (Details)                    
47: R44         OPERATING LEASES - Summary of Operating Lease       HTML     39K 
                Payments (Details)                                               
71: R45         Inventories (Details)                               HTML     32K 
30: R46         INVESTMENTS IN EQUITY INVESTEES - Additional        HTML     37K 
                Information (Details)                                            
20: R47         Warranty Liabilities (Details)                      HTML     39K 
45: R48         REVENUE FROM CONTRACTS WITH CUSTOMERS - Additional  HTML     27K 
                Information (Details)                                            
74: R49         REVENUE FROM CONTRACTS WITH CUSTOMERS -             HTML     47K 
                Disaggregated Revenue Information (Details)                      
69: R50         REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract    HTML     36K 
                assets and contract liabilities (Details)                        
59: R51         SHORT-TERM BANK LOANS - Additional Information      HTML     52K 
                (Details)                                                        
16: R52         Long-Term Loans (Details)                           HTML     38K 
41: R53         Long-Term Loans - Scheduled principal and interest  HTML     39K 
                payments (Details)                                               
70: R54         LONG-TERM LOANS - Additional Information (Details)  HTML     26K 
60: R55         FAIR VALUE MEASUREMENTS - Fair value measurements   HTML     31K 
                (Details)                                                        
17: R56         FAIR VALUE MEASUREMENTS - Assets measured at fair   HTML     37K 
                value on a nonrecurring basis (Details)                          
42: R57         FAIR VALUE MEASUREMENTS - Additional Information    HTML     43K 
                (Details)                                                        
68: R58         Stockholders' Equity (Details Textual)              HTML     32K 
61: R59         INCOME TAX - Additional Information (Details)       HTML     26K 
18: R60         INCOME PER SHARE - Computation of Basic And         HTML     55K 
                Diluted Net Income Per Share Attributable (Detail)               
26: R61         INCOME PER SHARE - Additional Information           HTML     29K 
                (Details)                                                        
76: R62         COMMITMENTS AND CONTINGENCIES - Additional          HTML     54K 
                Information (Details)                                            
50: R63         SEGMENT REPORTING - Summary of Information By       HTML     66K 
                Segment (Detail)                                                 
19: R64         SEGMENT REPORTING - Revenues by Geographical Area   HTML     31K 
                (Detail)                                                         
27: R65         SEGMENT REPORTING - Long-lived Assets Other Than    HTML     30K 
                Goodwill and Intangible Assets by Geographical                   
                Area (Detail)                                                    
48: XML         IDEA XML File -- Filing Summary                      XML    142K 
67: XML         XBRL Instance -- d883055d6k_htm                      XML   1.93M 
15: EXCEL       IDEA Workbook of Financial Reports                  XLSX     80K 
 6: EX-101.CAL  XBRL Calculations -- holi-20190630_cal               XML    203K 
 7: EX-101.DEF  XBRL Definitions -- holi-20190630_def                XML    803K 
 8: EX-101.LAB  XBRL Labels -- holi-20190630_lab                     XML   1.15M 
 9: EX-101.PRE  XBRL Presentations -- holi-20190630_pre              XML    946K 
 5: EX-101.SCH  XBRL Schema -- holi-20190630                         XSD    168K 
43: JSON        XBRL Instance as JSON Data -- MetaLinks              382±   565K 
35: ZIP         XBRL Zipped Folder -- 0001193125-20-080787-xbrl      Zip    174K

‘6-K’   —   Report by a Foreign Issuer

This is an HTML Document rendered as filed.  [ Alternative Formats ]

 iX: 
  Form 6-K  
 i false i 2019-12-31 i 2020 i Q2 i Hollysys Automation Technologies, Ltd. i 0001357450 i --06-30The 40% retained equity interest in Beijing Intelligent was measured at fair value using the discounted cash flow method which involves significant unobservable inputs (Level 3), such as terminal growth rate and discount rate (Note 4). 0001357450 2019-07-01 2019-12-31 0001357450 2019-06-30 0001357450 2019-12-31 0001357450 2018-07-01 2018-12-31 0001357450 2019-09-27 0001357450 2018-09-27 0001357450 2018-09-01 2018-09-27 0001357450 2019-09-01 2019-09-27 0001357450 2018-12-31 0001357450 2018-06-30 0001357450 holi:PeopleSRepublicOfChinaMember 2019-12-31 0001357450 holi:NonPeoplesRepublicOfChinaIncludingHongKongMember 2019-12-31 0001357450 holi:UnitedOverseasBankMalaysiaBhdMember 2019-12-31 0001357450 holi:SingaporeDollarMember 2019-12-31 0001357450 holi:ConvertibleBondMember 2019-12-31 0001357450 us-gaap:VariableInterestEntityVIEOrPotentialVIEInformationUnavailabilityMember 2019-12-31 0001357450 srt:SubsidiariesMember 2019-12-31 0001357450 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-12-31 0001357450 us-gaap:CommitmentsMember 2019-12-31 0001357450 us-gaap:BuildingMember 2019-12-31 0001357450 us-gaap:RestrictedStockMember 2019-12-31 0001357450 us-gaap:PerformanceGuaranteeMember 2019-12-31 0001357450 us-gaap:StandbyLettersOfCreditMember 2019-12-31 0001357450 srt:MinimumMember 2019-12-31 0001357450 srt:MaximumMember 2019-12-31 0001357450 holi:PrcMember 2019-12-31 0001357450 country:SG 2019-12-31 0001357450 country:MY 2019-12-31 0001357450 us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0001357450 holi:AsReportedMember us-gaap:AccountingStandardsUpdate201602Member 2019-12-31 0001357450 holi:LegacygaapMember us-gaap:AccountingStandardsUpdate201602Member 2019-12-31 0001357450 srt:RestatementAdjustmentMember us-gaap:AccountingStandardsUpdate201602Member 2019-12-31 0001357450 us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001357450 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001357450 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001357450 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001357450 us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001357450 holi:IntegratedSolutionContractsMember 2018-07-01 2018-12-31 0001357450 us-gaap:ProductMember 2018-07-01 2018-12-31 0001357450 us-gaap:ServiceMember 2018-07-01 2018-12-31 0001357450 holi:PeopleSRepublicOfChinaMember 2018-07-01 2018-12-31 0001357450 holi:NonPeoplesRepublicOfChinaIncludingHongKongMember 2018-07-01 2018-12-31 0001357450 us-gaap:VariableInterestEntityVIEOrPotentialVIEInformationUnavailabilityMember 2018-07-01 2018-12-31 0001357450 srt:IndustrialPropertyMember 2018-07-01 2018-12-31 0001357450 us-gaap:RailroadTransportationEquipmentMember 2018-07-01 2018-12-31 0001357450 holi:MechanicalAndElectricalSolutionMember 2018-07-01 2018-12-31 0001357450 us-gaap:AllOtherSegmentsMember 2018-07-01 2018-12-31 0001357450 srt:IndustrialPropertyMember holi:IntegratedSolutionsContractRevenueMember 2018-07-01 2018-12-31 0001357450 us-gaap:RailroadTransportationEquipmentMember holi:IntegratedSolutionsContractRevenueMember 2018-07-01 2018-12-31 0001357450 holi:MechanicalAndElectricalSolutionMember holi:IntegratedSolutionsContractRevenueMember 2018-07-01 2018-12-31 0001357450 us-gaap:AllOtherSegmentsMember holi:IntegratedSolutionsContractRevenueMember 2018-07-01 2018-12-31 0001357450 srt:IndustrialPropertyMember us-gaap:ProductMember 2018-07-01 2018-12-31 0001357450 us-gaap:RailroadTransportationEquipmentMember us-gaap:ProductMember 2018-07-01 2018-12-31 0001357450 holi:MechanicalAndElectricalSolutionMember us-gaap:ProductMember 2018-07-01 2018-12-31 0001357450 us-gaap:AllOtherSegmentsMember us-gaap:ProductMember 2018-07-01 2018-12-31 0001357450 holi:MaintenanceServiceRevenueMember srt:IndustrialPropertyMember 2018-07-01 2018-12-31 0001357450 holi:MaintenanceServiceRevenueMember us-gaap:RailroadTransportationEquipmentMember 2018-07-01 2018-12-31 0001357450 holi:MaintenanceServiceRevenueMember holi:MechanicalAndElectricalSolutionMember 2018-07-01 2018-12-31 0001357450 holi:MaintenanceServiceRevenueMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-12-31 0001357450 holi:ExtendedWarrantyServiceRevenueMember srt:IndustrialPropertyMember 2018-07-01 2018-12-31 0001357450 holi:ExtendedWarrantyServiceRevenueMember us-gaap:RailroadTransportationEquipmentMember 2018-07-01 2018-12-31 0001357450 holi:MechanicalAndElectricalSolutionMember holi:ExtendedWarrantyServiceRevenueMember 2018-07-01 2018-12-31 0001357450 holi:ExtendedWarrantyServiceRevenueMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-12-31 0001357450 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-12-31 0001357450 us-gaap:ParentMember 2018-07-01 2018-12-31 0001357450 us-gaap:RetainedEarningsMember 2018-07-01 2018-12-31 0001357450 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-12-31 0001357450 holi:StatutoryReservesMember 2018-07-01 2018-12-31 0001357450 us-gaap:RestrictedStockMember 2018-07-01 2018-12-31 0001357450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-12-31 0001357450 holi:BondMember 2018-06-30 0001357450 holi:PeopleSRepublicOfChinaMember 2019-06-30 0001357450 holi:NonPeoplesRepublicOfChinaIncludingHongKongMember 2019-06-30 0001357450 holi:UnitedOverseasBankMalaysiaBhdMember 2019-06-30 0001357450 holi:SingaporeDollarMember 2019-06-30 0001357450 holi:ConvertibleBondMember 2019-06-30 0001357450 us-gaap:VariableInterestEntityVIEOrPotentialVIEInformationUnavailabilityMember 2019-06-30 0001357450 srt:SubsidiariesMember 2019-06-30 0001357450 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-06-30 0001357450 us-gaap:BuildingMember 2019-06-30 0001357450 us-gaap:RestrictedStockMember 2019-06-30 0001357450 holi:PrcMember 2019-06-30 0001357450 country:SG 2019-06-30 0001357450 country:MY 2019-06-30 0001357450 srt:ScenarioPreviouslyReportedMember us-gaap:AccountingStandardsUpdate201602Member 2019-06-30 0001357450 srt:RestatementAdjustmentMember us-gaap:AccountingStandardsUpdate201602Member 2019-06-30 0001357450 holi:RestatedMember us-gaap:AccountingStandardsUpdate201602Member 2019-06-30 0001357450 us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001357450 holi:IntegratedSolutionContractsMember 2019-07-01 2019-12-31 0001357450 us-gaap:ProductMember 2019-07-01 2019-12-31 0001357450 us-gaap:ServiceMember 2019-07-01 2019-12-31 0001357450 holi:PeopleSRepublicOfChinaMember 2019-07-01 2019-12-31 0001357450 holi:NonPeoplesRepublicOfChinaIncludingHongKongMember 2019-07-01 2019-12-31 0001357450 us-gaap:VariableInterestEntityVIEOrPotentialVIEInformationUnavailabilityMember 2019-07-01 2019-12-31 0001357450 srt:MinimumMember us-gaap:BuildingMember 2019-07-01 2019-12-31 0001357450 srt:MinimumMember us-gaap:MachineryAndEquipmentMember 2019-07-01 2019-12-31 0001357450 srt:MinimumMember us-gaap:ComputerSoftwareIntangibleAssetMember 2019-07-01 2019-12-31 0001357450 srt:MinimumMember us-gaap:VehiclesMember 2019-07-01 2019-12-31 0001357450 srt:MinimumMember us-gaap:OtherMachineryAndEquipmentMember 2019-07-01 2019-12-31 0001357450 srt:MaximumMember us-gaap:BuildingMember 2019-07-01 2019-12-31 0001357450 srt:MaximumMember us-gaap:MachineryAndEquipmentMember 2019-07-01 2019-12-31 0001357450 srt:MaximumMember us-gaap:ComputerSoftwareIntangibleAssetMember 2019-07-01 2019-12-31 0001357450 srt:MaximumMember us-gaap:VehiclesMember 2019-07-01 2019-12-31 0001357450 srt:MaximumMember us-gaap:OtherMachineryAndEquipmentMember 2019-07-01 2019-12-31 0001357450 srt:MinimumMember holi:PatentsAndCopyrightsMember 2019-07-01 2019-12-31 0001357450 srt:MaximumMember holi:PatentsAndCopyrightsMember 2019-07-01 2019-12-31 0001357450 srt:IndustrialPropertyMember us-gaap:ProductMember 2019-07-01 2019-12-31 0001357450 us-gaap:RailroadTransportationEquipmentMember us-gaap:ProductMember 2019-07-01 2019-12-31 0001357450 holi:MechanicalAndElectricalSolutionMember us-gaap:ProductMember 2019-07-01 2019-12-31 0001357450 us-gaap:AllOtherSegmentsMember us-gaap:ProductMember 2019-07-01 2019-12-31 0001357450 srt:IndustrialPropertyMember 2019-07-01 2019-12-31 0001357450 us-gaap:RailroadTransportationEquipmentMember 2019-07-01 2019-12-31 0001357450 holi:MechanicalAndElectricalSolutionMember 2019-07-01 2019-12-31 0001357450 us-gaap:AllOtherSegmentsMember 2019-07-01 2019-12-31 0001357450 srt:IndustrialPropertyMember holi:IntegratedSolutionsContractRevenueMember 2019-07-01 2019-12-31 0001357450 us-gaap:RailroadTransportationEquipmentMember holi:IntegratedSolutionsContractRevenueMember 2019-07-01 2019-12-31 0001357450 holi:MechanicalAndElectricalSolutionMember holi:IntegratedSolutionsContractRevenueMember 2019-07-01 2019-12-31 0001357450 us-gaap:AllOtherSegmentsMember holi:IntegratedSolutionsContractRevenueMember 2019-07-01 2019-12-31 0001357450 holi:MaintenanceServiceRevenueMember srt:IndustrialPropertyMember 2019-07-01 2019-12-31 0001357450 holi:MaintenanceServiceRevenueMember us-gaap:RailroadTransportationEquipmentMember 2019-07-01 2019-12-31 0001357450 holi:MaintenanceServiceRevenueMember holi:MechanicalAndElectricalSolutionMember 2019-07-01 2019-12-31 0001357450 holi:MaintenanceServiceRevenueMember us-gaap:AllOtherSegmentsMember 2019-07-01 2019-12-31 0001357450 holi:ExtendedWarrantyServiceRevenueMember srt:IndustrialPropertyMember 2019-07-01 2019-12-31 0001357450 holi:ExtendedWarrantyServiceRevenueMember us-gaap:RailroadTransportationEquipmentMember 2019-07-01 2019-12-31 0001357450 holi:ExtendedWarrantyServiceRevenueMember us-gaap:AllOtherSegmentsMember 2019-07-01 2019-12-31 0001357450 holi:MechanicalAndElectricalSolutionMember holi:ExtendedWarrantyServiceRevenueMember 2019-07-01 2019-12-31 0001357450 us-gaap:CommonStockMember 2019-07-01 2019-12-31 0001357450 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-12-31 0001357450 us-gaap:ParentMember 2019-07-01 2019-12-31 0001357450 us-gaap:RetainedEarningsMember 2019-07-01 2019-12-31 0001357450 us-gaap:NoncontrollingInterestMember 2019-07-01 2019-12-31 0001357450 holi:StatutoryReservesMember 2019-07-01 2019-12-31 0001357450 srt:MinimumMember 2019-07-01 2019-12-31 0001357450 srt:MaximumMember 2019-07-01 2019-12-31 0001357450 srt:MinimumMember us-gaap:UseRightsMember 2019-07-01 2019-12-31 0001357450 srt:MaximumMember us-gaap:UseRightsMember 2019-07-01 2019-12-31 0001357450 us-gaap:RestrictedStockMember 2019-07-01 2019-12-31 0001357450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-12-31 0001357450 holi:NonPeoplesRepublicOfChinaIncludingHongKongMember holi:ExtendedWarrantyServiceRevenueMember 2019-07-01 2019-12-31 0001357450 holi:IntegratedContractRevenueMember holi:PeopleSRepublicOfChinaMember 2019-07-01 2019-12-31 0001357450 holi:IntegratedContractRevenueMember holi:NonPeoplesRepublicOfChinaIncludingHongKongMember 2019-07-01 2019-12-31 0001357450 holi:IntegratedContractRevenueMember 2019-07-01 2019-12-31 0001357450 us-gaap:ProductMember holi:PeopleSRepublicOfChinaMember 2019-07-01 2019-12-31 0001357450 us-gaap:ProductMember holi:NonPeoplesRepublicOfChinaIncludingHongKongMember 2019-07-01 2019-12-31 0001357450 us-gaap:MaintenanceMember holi:PeopleSRepublicOfChinaMember 2019-07-01 2019-12-31 0001357450 us-gaap:MaintenanceMember holi:NonPeoplesRepublicOfChinaIncludingHongKongMember 2019-07-01 2019-12-31 0001357450 us-gaap:MaintenanceMember 2019-07-01 2019-12-31 0001357450 holi:ExtendedWarrantyServiceRevenueMember holi:PeopleSRepublicOfChinaMember 2019-07-01 2019-12-31 0001357450 holi:ExtendedWarrantyServiceRevenueMember 2019-07-01 2019-12-31 0001357450 us-gaap:SellingAndMarketingExpenseMember 2019-07-01 2019-12-31 0001357450 us-gaap:GeneralAndAdministrativeExpenseMember 2019-07-01 2019-12-31 0001357450 us-gaap:ResearchAndDevelopmentExpenseMember 2019-07-01 2019-12-31 0001357450 holi:BeijingipeMember 2019-05-31 0001357450 holi:BeijingipeMember 2019-05-31 2019-05-31 0001357450 holi:BeijingipeMember 2019-09-30 2019-09-30 0001357450 us-gaap:CommonStockMember 2018-06-30 0001357450 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001357450 holi:StatutoryReservesMember 2018-06-30 0001357450 us-gaap:RetainedEarningsMember 2018-06-30 0001357450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001357450 us-gaap:ParentMember 2018-06-30 0001357450 us-gaap:NoncontrollingInterestMember 2018-06-30 0001357450 us-gaap:CommonStockMember 2018-12-31 0001357450 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001357450 holi:StatutoryReservesMember 2018-12-31 0001357450 us-gaap:RetainedEarningsMember 2018-12-31 0001357450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001357450 us-gaap:ParentMember 2018-12-31 0001357450 us-gaap:NoncontrollingInterestMember 2018-12-31 0001357450 us-gaap:CommonStockMember 2019-06-30 0001357450 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001357450 holi:StatutoryReservesMember 2019-06-30 0001357450 us-gaap:RetainedEarningsMember 2019-06-30 0001357450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001357450 us-gaap:ParentMember 2019-06-30 0001357450 us-gaap:NoncontrollingInterestMember 2019-06-30 0001357450 us-gaap:CommonStockMember 2019-12-31 0001357450 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001357450 holi:StatutoryReservesMember 2019-12-31 0001357450 us-gaap:RetainedEarningsMember 2019-12-31 0001357450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001357450 us-gaap:ParentMember 2019-12-31 0001357450 us-gaap:NoncontrollingInterestMember 2019-12-31 iso4217:USD xbrli:shares xbrli:pure iso4217:USD xbrli:shares
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM
 i 6-K
 
Report of Foreign Private Issuer
Pursuant to Rule
13a-16
or
15d-16
of the Securities Exchange Act of 1934
FOR THE MONTH OF MARCH 2020
COMMISSION FILE NUMBER:
001-33602
 
HOLLYSYS AUTOMATION TECHNOLOGIES LTD.
 
No. 2 Disheng Middle Road,
Beijing Economic-Technological Development Area,
Beijing, P. R. China 100176
(Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F
  
☒
            Form
40-F
  
☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(1):  
☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(7):  
☐
 
 
EXPLANATORY NOTE
Hollysys Automation Technologies Ltd. (“Hollysys” or the “Company”) is furnishing this Form
6-K
to provide
six-month
interim financial statements and incorporate such financial statements into the Company’s registration statements referenced below.
This Form
6-K
is hereby incorporated by reference into the registration statements of the Company on Form F-3 (Registration Numbers
 333-208631
and 333-230768) and on Form
F-3
(Registration Number
333-208631)
to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
FORWARD-LOOKING INFORMATION
This Report on Form
6-K
contains forward-looking statements and information relating to us that are based on the current beliefs, expectations, assumptions, estimates and projections of our management regarding our company and industry. When used in this report, the words “may”, “will”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan” and similar expressions, as they relate to us or our management, are intended to identify forward-looking statements. These statements reflect management’s current view of us concerning future events and are subject to certain risks, uncertainties and assumptions, including among many others: the coronavirus outbreak in China in December 2019 and ongoing spread to other countries, our potential inability to achieve similar growth in future periods as we did historically, a decrease in the availability of our raw materials, the emergence of additional competing technologies, changes in domestic and foreign laws, regulations and taxes, changes in economic conditions, uncertainties related to China’s legal system and economic, political and social events in China, the volatility of the securities markets, and other risks and uncertainties which are generally set forth under the heading, “Key information” and elsewhere in our Annual Report on Form
20-F
filed on September 19, 2019 (the “Annual Report”). Should any of these risks or uncertainties materialize, or should the underlying assumptions about our business and the commercial markets in which we operate prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report.
All forward-looking statements included herein attributable to us or other parties or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Except to the extent required by applicable laws and regulations, we undertake no obligations to update these forward-looking statements to reflect events or circumstances after the date of this report or to reflect the occurrence of unanticipated events.
1
EXHIBIT INDEX
         
Exhibit
Number
 
  
Description
         
 
99.1
   
Selected consolidated financial data as of December 31, 2019 and June 30, 2019 and for the six months ended December 31, 2019 and 2018 of Hollysys Automation Technologies Ltd. and its subsidiaries.
         
 
99.2
   
Unaudited interim condensed consolidated financial statements as of December 31, 2019 and for the six months ended December 31, 2019 and 2018 of Hollysys Automation Technologies Ltd. and its subsidiaries.
         
 
99.3
   
Operating and Financial Review and Prospects as of December 31, 2019 and for the six months ended December 31, 2019 and 2018 of Hollysys Automation Technologies Ltd. and its subsidiaries.
         
 
101.INS
   
Inline XBRL Instance Document
         
 
101.SCH
   
Inline XBRL Taxonomy Extension Schema Document
         
 
101.CAL
   
Inline XBRL Taxonomy Extension Calculation Linkbase Document
         
 
101.DEF
   
Inline XBRL Taxonomy Extension Definition Linkbase Document
         
 
101.LAB
   
Inline XBRL Taxonomy Extension Label Linkbase Document
         
 
101.PRE
   
Inline XBRL Taxonomy Extension Presentation Linkbase Document
         
 
104 
    
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
             
 
 
 
HOLLYSYS AUTOMATION TECHNOLOGIES LTD.
             
 
 
 
/s/ Steven Wang
Date: March 20, 2020
 
 
 
Steven Wang
 
Chief Financial Officer
 
 
3

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘6-K’ Filing    Date    Other Filings
Filed on:3/20/20
For Period end:12/31/19
9/19/1920-F
6/30/1920-F
12/31/186-K
 List all Filings 
↑Top
Filing Submission 0001193125-20-080787   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Sat., Apr. 20, 4:28:27.1am ET