Ionix Technology, Inc. Announces Unaudited Earnings Results for the Quarter and Nine Months Ended March 31, 2019
May 15, 2019 at 03:05 pm EDT
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Ionix Technology, Inc. announced unaudited earnings results for the quarter and nine months ended March 31, 2019. For the quarter the company reported total revenues of $2,597,052 against $1,054,933 a year ago. Income from operations of $21,757 against $51,357 a year ago. Net income of $21,064 against $45,160 a year ago.
For the nine months the company reported total revenues of $7,417,488 against $2,187,418 a year ago. Income from operations of $310,304 against $60,240 a year ago. Net income of $205,071 against $44,670 a year ago.
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.
IONIX TECHNOLOGY, INC. 
