Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2021
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Financial Highlights
Non-GAAP gross margin was at 36.4%, compared to 35.6% for the comparable prior year period.
Non-GAAP net income attributable to Hollysys was $71.7 million, a decrease of 7.9% compared to the comparable prior year period.
Non-GAAP diluted EPS was $1.18, a decrease of 7.8% compared to the comparable prior year period.
Net cash provided by operating activities was $48.6 million for the current period.
DSO of 186 days, compared to 188 days for the comparable prior year period.
Inventory turnover days of 52 days, compared to 57 days for the comparable prior year period.
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Air Products And Shandong Binhua New Material Sign Long-Term Gas Supply Contract In China
Shanghai /PRNewswire/ - Air Products (NYSE: APD) today announced it has signed a long-term gas supply contract with Shandong Binhua New Material Co., Ltd. (Binhua), a subsidiary of Befar Group which is a leading petroleum and chemical enterprise in China, to support Binhua s flagship chemical project located in the Beihai Economic Development Zone of Binzhou City, Shandong Province, China.
Under the contract, Air Products will build, own and operate several onsite gas production facilities in the Binzhou Port-centered Chemical Industry Park in phases, including an energy-efficient air separation unit (ASU), to meet Binhua s gaseous oxygen and nitrogen demand. The ASU will also provide liquid products to other customers in the park and the growing merchant market in Shandong Province. All facilities will be fully operational in 2022.