Ionix Technology, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2021
February 14, 2022 at 05:05 pm EST
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Ionix Technology, Inc. reported earnings results for the second quarter and six months ended December 31, 2021. For the second quarter, the company reported sales was USD 3.94 million compared to USD 2.98 million a year ago. Net loss was USD 0.097745 million compared to USD 0.356118 million a year ago.
For the six months, sales was USD 8.49 million compared to USD 5.94 million a year ago. Net loss was USD 0.637944 million compared to USD 0.888424 million 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. 
