Ionix Technology Inc (PK:IINX)
Business Focus: Electrical Components & Equipment
| Sector: Industrials | Industry: Electrical Components & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Chengdong Industrial Park, Fenyi County SHENZHEN GNG 116001 |
| Tel: | N/A |
| Website: | en.iinx-tech.com |
| IR: | See website |
| Key People | ||
| Cheng Li Chairman of the Board, Chief Executive Officer, Interim Chief Financial Officer | Shikui Zhang President, Director of Dalian Shizhe New Energy Technology Co., Ltd | Yang Yan President, Treasurer |
| Baozhu Deng President, Director of Shenzhen Baileqi Electronic Technology Co., Ltd | Hongke Li President, Director of Huixiang Energy Technology (Suzhou) Co., Ltd | Biao Shang President, Director of Changchun Fangguan Photoelectric Display Technology Co. Ltd |
| Xin Sui President, Director of Welly Surplus International Limited | Yunqiang Xie President, Director of Shijirun (Yixing) Technology Co., Ltd | Qingchun Yang President, Director of Well Best International Investment Limited | Yun Yang President, Director of Lisite Science Technology (Shenzhen) Co., Ltd. |
| Business Overview |
| Ionix Technology, Inc., formerly Cambridge Projects Inc., through its subsidiaries Well Best International Investment Limited (Well Best), Xinyu Ionix Technology Company Limited (Xinyu Ionix) and Taizhou Ionix Technology Company Limited (Taizhou Ionix), is engaged in developing, designing, manufacturing and selling lithium batteries for electric vehicles in China. The Company's products include 18650-2000 milli-ampere-hour (mAh) lithium ion batteries (LIB) for use in lithium cell electronic bicycles, balance cars, scooters, electric vehicles, special vehicles at low speed, energy storage, and other products. Its LIB is a rechargeable electric device within which lithium moves from a negative electrode to a positive electrode during the discharge and back charging. The four main materials used in its LIBs are cathode materials, anode materials, operators and electrolytic solution. Its LIBs are used as the power supply for devices, such as mobile phones, digital cameras and power tools. |
| Financial Overview |
| For the nine months ended 31 March 2022, Ionix Technology Inc revenues increased 16% to $10.6M. Net loss increased 7% to $1.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Photoelectric display segment loss increase from $164K to $442K, Unallocated Items segment loss increase of 83% to $323K. |
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