Hollysys reports Q1 EPS 52c vs 37c last year

For the three months ended September 30 he total net cash inflow was $37.8 M The net cash provided by operating activities was $28.2 M. The net cash used in investing activities was $15.9M and mainly consisted of $18.2M of purchases of short-term investments and $16.9Mof purchases of property, plant and equipment, which was partially offset by $19.1M of maturity of short-term investments. The net cash provided by financing activities was $29.3 million and mainly consisted of $29.5 M of proceeds from long-term bank loans..In the industrial automation segment, the Company maintains an emphasis on research and development and technological innovation. In this fiscal quarter, the HOLLiSec-lk220T1 Programmable Logic Controller successfully passed the mandatory national standard testing of the “Critical Network Devices Security Common Requirements” . In addition, the Company successfully initiated the trial production at its Tianjin facility in this fiscal quarter. The facility is capable of delivering high-quality products and cost-effective customized solutions while ensuring small batch and multi-variety deliveries, which is expected to further empower the Company’s future development.