Ionix Technology Inc (PK:IINX)
Business Focus: Electrical Components & Equipment
Insider Filings
Latest 10 SEC Form 4 filings for IINX*US within the last 6 months
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Company News
Jan 18, 2024 06:30 ET
IINX to Acquire Dalian Huagang in Strategic Logistics Move
DALIAN, China, Jan. 18, 2024 /PRNewswire/ -- Ionix Technology Inc (IINX) announced on January 18, 2024, its definitive agreement to absorb Dalian Huagang Logistics Park Co., Ltd. The acquisition, marking a significant expansion in IINX's operational footprint, signifies the company's full control and ownership of Dalian Huagang, a key player in the logistics sector.
Sep 19, 2022 09:00 ET
Ionix Technology, Inc. to Achieve A New Breakthrough
LAS VEGAS, Sept. 19, 2022 /PRNewswire/ -- Ionix Technology, Inc. ( ticker symbol: IINX, hereinafter referred to as IINX or the Company) announces on its website that the management from IINX and from Legend Ecological Aquaculture (Changhai) Co. Ltd (hereafter referred to as Legend) reached and signed an agreement, on August 29, 2022, on the acquisition of 51% equity of the latter, and that the implement of agreement and acquisition process would come in the next step.
Valuation Ratios
Industry
Sector
Beta
1.08
--
--
Price to Sales - TTM
0.00
2.08
1.82
Price to Book - most recent quarter
0.00
2.59
2.12
Price to Cash Flow per share - TTM
0.00
14.27
13.02
Price to Free Cash Flow per share - TTM
--
26.19
22.45
Business Summary
| Sector: Industrials | Industry: Electrical Components & Equipment |
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.
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