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
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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.
Reporting Currency: U.S. Dollars
Enterprise value: $1.47M as of Mar 31, 2022
Annual revenue (TTM): $15.78M as of Mar 31, 2022
EBITDA (TTM): $0.70M as of Mar 31, 2022
Net annual income (TTM): -$0.48M as of Mar 31, 2022
Free cash flow (TTM): -$0.55M as of Mar 31, 2022
Net Debt Last Fiscal Year: $1.43M as of Mar 31, 2022
Shares outstanding: 183,989,156 as of Sep 12, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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