HLS Systems International, Ltd. (HOLI), a provider of automation control systems to the nuclear, rail, and industrial markets in China, reported fourth quarter and full fiscal year 2008 financial results yesterday afternoon after the close. Revenues in the quarter fell slightly to $31.9 million from $33.6 million in the same period last year, and were impacted by the earthquake that struck Sichuan Province in May. Net income soared 414% to $6.3 million, or 14 cents per share, compared to $1.2 million, or 4 cents per share. For fiscal 2008, revenues rose 19.3% to $121.5 million, from $101.9 million in 2007. Net loss on a GAAP basis was $1.2 million, compared to GAAP net income of $13.1 million last year. Excluding non-cash stock compensation expense of $17.0 million, non-GAAP net income increased 20.9% to $15.8 million.