Exhibit 99.1

Selected Consolidated Financial Data

The following selected consolidated statements of comprehensive income and other financial data for the six months ended December 31, 2016 and 2017, and the consolidated balance sheet data as of June 30, 2017 and December 31, 2017 have been derived from our unaudited condensed consolidated financial statements which are included elsewhere in this report. Our unaudited condensed consolidated financial statements have been prepared and presented in accordance with United States generally accepted accounting principles, or U.S. GAAP. Except for changes in operating subsidiaries, our unaudited condensed consolidated financial statements have been prepared as if our current corporate structure had been in existence throughout the relevant periods.

The selected consolidated financial data should be read in conjunction with, and are qualified in their entirety by reference to, our unaudited condensed consolidated financial statements and related notes and the “Operating and Financial Review and Prospects” included elsewhere in this report.

To facilitate a clear understanding of Hollysys’ operational results, a summary of unaudited non-GAAP financial results is shown as below:

(In USD thousands, except share numbers and per share data)
	Six months ended December 31,
	2016			2017
Statement of Comprehensive Income Data
Revenue		202,679			272,914
Integrated contract revenue		182,600			230,109
Products sales		14,370			19,177
Service rendered		5,709			23,628
Cost of revenues		143,588			168,663
Gross profit		59,091			104,251
Total operating expenses		30,543			40,278
Selling		11,858			14,438
General and administrative		20,493			23,135
Research and development		15,990			19,216
VAT refunds and government subsidies		(17,798	)		(16,511	)
Income from operations		28,548			63,973
Other income, net		1,260			2,710
Foreign exchange gain (loss)		(635	)		(1,104	)
Share of net income of equity investees		2,279			2,273
Gains on deconsolidation of the Company’s interests in Beijing Hollycon Electronic Technology Co., Ltd		6,005			-
Dividend income from a cost investee		-			1,057
Interest income		1,257			3,036
Interest expenses		(400	)		(634	)
Income tax expenses		4,570			13,031
Net income (loss) attributable to non-controlling interests		(13	)		86
Non-GAAP net income attributable to Hollysys Automation Technologies Ltd.		33,757			58,194
Non-GAAP basic EPS		0.56			0.96
Non-GAAP diluted EPS		0.56			0.96
Share-based compensation expenses		1,837			324
Amortization of acquired intangible assets		263			279
GAAP Net income attributable to Hollysys Automation Technologies Ltd.		31,657			57,591
GAAP basic EPS		0.53			0.95
GAAP diluted EPS		0.52			0.95
		-			-
Basic weighted average common shares outstanding		59,976,132			60,428,431
Diluted weighted average common shares outstanding		61,023,669			61,241,092
		June 30,			December 31,
		2017			2017
Balance Sheet Data
Total current assets		865,356			969,932
Total assets		1,058,254			1,180,109
Total current liabilities		302,978			330,840
Total liabilities		334,714			373,539
Net assets		723,519			806,462
Non-controlling interests		21			108
Stockholders’ equity		723,540			806,570

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In evaluating our results, the non-GAAP measures of “Non-GAAP general and administrative expenses (“Non-GAAP G&A expenses”)”, “Non-GAAP cost of integrated contracts”, “Non-GAAP other income (expenses), net”, “Non-GAAP net income attributable to Hollysys” and “Non-GAAP earnings per share” serve as additional indicators of our operating performance and not as a replacement for other measures in accordance with US GAAP. We believe these non-GAAP measures are useful to investors as they exclude: 1) the non-cash share-based compensation expenses, 2) amortization of acquired intangible assets, 3) fair value adjustments of acquisition-related consideration and 4) fair value adjustments of a bifurcated derivative. All of above will not result in any cash inflows or outflows. We believe that using non-GAAP measures help our shareholders have a better understanding of our operating results and growth prospects. In addition, given the business nature of Hollysys, it has been a common practice for investors and analysts to use such non-GAAP measures to evaluate the Company. Specifically, the non-GAAP measures excluded the following items:

1) The non-cash share-based compensation expenses, which are calculated based on the number of shares or options granted and the fair value as of grant date.

2) Amortization of acquired intangible assets, which is a non-cash expense relating primarily to acquisitions. At the time of an acquisition, the identifiable definite-lived intangible assets of the acquired company, such as customer relationships and order backlog, are valued and amortized over their estimated lives. Value is also assigned to the acquired indefinite-lived intangible assets, which comprise goodwill that are not subject to amortization.

3) Fair value adjustments of a bifurcated derivative are accounting adjustments to report the change of fair value of the feature bifurcated as a derivative from the underlying host instrument of a convertible bond, and accounted for as a liability at its fair value.

The following table provides a reconciliation of U.S. GAAP measures to the non-GAAP measures for the periods indicated:

	Six months ended December 31,
	2016		2017
Cost of integrated contracts		137,810		155,998
Less: Amortization of intangible assets		263		279
Non-GAAP cost of integrated contracts		137,547		155,719
G&A expenses		22,330		23,459
Less: Share-based compensation expenses		1,837		324
Non-GAAP G&A expenses		20,493		23,135
Net income attributable to Hollysys		31,657		57,591
Add: Share-based compensation expenses		1,837		324
Amortization of intangible assets		263		279
Non-GAAP net income attributable to Hollysys		33,757		58,194
Weighted average number of ordinary shares outstanding used in computation:
Basic		59,976,132		60,428,431
Diluted		61,023,669		61,241,092
Non-GAAP earnings per share:
Basic		0.56		0.96
Diluted		0.56		0.96

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Exchange Rate Information

A majority of our business is conducted in China. We also operate in Singapore, Malaysia and several other jurisdictions in Asia and Middle East through HAP, Concord Group, and Bond Group. We use US dollars as our reporting currency in our financial statements in this interim report. For entities whose functional currencies are not US dollars, assets and liabilities are translated into US dollars at the balance sheet date rates; equity accounts are translated at historical exchange rates and revenues, expenses, gains and losses are translated using the average rate for the year as published by the International Monetary Fund. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income in the consolidated statement of comprehensive income and changes in equity. Transactions and amounts in other parts of this interim report in foreign currencies recorded at the rates of exchange prevailing when the transactions occurred. With respect to amounts not recorded in our consolidated financial statements but included elsewhere in this interim report, all conversion between RMB and US dollars were made at a rate of RMB 6.6472 to $1.00, and all conversion between Singapore dollars and US dollars were made at a rate of SGD 1.3574 to $1.00, as set forth by the International Monetary Fund. We make no representation of any kind that RMB, Singapore dollar, US dollar or any other currency referenced in this report could have been, or could be, converted into the other stated currencies at the rates stated below, any particular rate, or at all. The Chinese government imposes control over its foreign-currency reserves through both direct regulation concerns conversion of RMB into foreign exchange and through restrictions on foreign trade.

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