Description
GE ACC-5595-208 350-805595-208
GE ACC-5595-208 350-805595-208
As is well known, Hollysys has always had a high market share in power plants. Due to the impact of haze weather and the urgent need to improve the environment, in 2014, Hollysys conducted many desulfurization and decommissioning projects in power plants. The DCS in this area is basically required to be consistent with the main project DCS and directly designated, which is conducive to the significant improvement of Hollysys’ performance.
According to information disclosed in the public securities market, Hollysys itself mentioned that “due to macroeconomic impact, the growth rate of its industrial automation business in the fiscal year 2014 was poor.” In fact, Hollysys’ industrial automation business in China has currently encountered a bottleneck period, and for many years, the breakthrough in high-end projects has not been obvious. The self-produced PLC is not yet the climate, and accounts receivable continue to grow, with high expenses. In the context of the “new normal”, the next step in the development of Hollyssey Company must be to streamline sales and management personnel, increase frontline engineering and technical service personnel, and truly refine service work to satisfy customers.
At present, the domestic DCS market is becoming saturated and competition is becoming increasingly fierce, but there is still significant room for growth in the existing market for after-sales services. At present, Hollysys’ after-sales service revenue accounts for 8% of the company’s total revenue (source: Hollysys annual report), far lower than the 20% proportion of foreign competitors. In recent years, Hollysys has continuously increased investment in after-sales service work, established an after-sales expert group, hired well-known executives to take charge of related work, improved customer satisfaction and loyalty, established real-time contact with customers, and provided after-sales services such as product transformation and annual inspection, In the next 3-5 years, the proportion of after-sales service revenue from Hollysys can increase to 10-15%.
According to information disclosed in the public securities market, Hollysys itself mentioned that “due to macroeconomic impact, the growth rate of its industrial automation business in the fiscal year 2014 was poor.” In fact, Hollysys’ industrial automation business in China has currently encountered a bottleneck period, and for many years, the breakthrough in high-end projects has not been obvious. The self-produced PLC is not yet the climate, and accounts receivable continue to grow, with high expenses. In the context of the “new normal”, the next step in the development of Hollyssey Company must be to streamline sales and management personnel, increase frontline engineering and technical service personnel, and truly refine service work to satisfy customers.
At present, the domestic DCS market is becoming saturated and competition is becoming increasingly fierce, but there is still significant room for growth in the existing market for after-sales services. At present, Hollysys’ after-sales service revenue accounts for 8% of the company’s total revenue (source: Hollysys annual report), far lower than the 20% proportion of foreign competitors. In recent years, Hollysys has continuously increased investment in after-sales service work, established an after-sales expert group, hired well-known executives to take charge of related work, improved customer satisfaction and loyalty, established real-time contact with customers, and provided after-sales services such as product transformation and annual inspection, In the next 3-5 years, the proportion of after-sales service revenue from Hollysys can increase to 10-15%.
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