$IINX Second Quarter 2020 Financial Highlights:
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Posted On: 05/15/2020 11:51:30 AM
$IINX Second Quarter 2020 Financial Highlights:
The total revenues increased by $4,955,221 or 208% from the three months ended December 31, 2018 to the three months ended December 31, 2019.
Gross profit increased by 242% from the three months ended December 31, 2018 to the three months ended December 31, 2019.
During the three months ended December 31, 2019 and 2018, net income was $135,658 and $6,854, respectively.
On April 6, 2020 Ionix Technology announced that its wholly-owned subsidiary Shenzhen Baileqi Electronic Technology Co., Ltd. (“Baileqi”) has re-accredited as Shenzhen High-Tech Enterprise, valid from December 9, 2019 to December 9, 2022. The designation is a recognition for leading technology companies in Shenzhen and makes Baileqi eligible for government benefits as a high-technology company.
The accreditation is reviewed rigorously in four areas, which are: key intellectual property rights of enterprises, transformation capacity of scientific and technical payoffs, organizational management level of R&D, and growth index of sales and assets. The approval of Shenzhen high-tech enterprises highlights the outstanding achievements of innovation and transformation of Baileqi.
Shenzhen Baileqi Electronic Technology Co., Ltd. plays an important role in Ionix Technology’s OLED module project. It introduced advanced OLED manufacturing processes and technology and conducted in-depth R& D and testing to implement the Company's strategic plan of the OLED market. Baileqi was always dedicated to be leading in its field and continues to organize and adapt ahead of change.
For more information on Ionix Technology visit: http://www.theiinx.com
The total revenues increased by $4,955,221 or 208% from the three months ended December 31, 2018 to the three months ended December 31, 2019.
Gross profit increased by 242% from the three months ended December 31, 2018 to the three months ended December 31, 2019.
During the three months ended December 31, 2019 and 2018, net income was $135,658 and $6,854, respectively.
On April 6, 2020 Ionix Technology announced that its wholly-owned subsidiary Shenzhen Baileqi Electronic Technology Co., Ltd. (“Baileqi”) has re-accredited as Shenzhen High-Tech Enterprise, valid from December 9, 2019 to December 9, 2022. The designation is a recognition for leading technology companies in Shenzhen and makes Baileqi eligible for government benefits as a high-technology company.
The accreditation is reviewed rigorously in four areas, which are: key intellectual property rights of enterprises, transformation capacity of scientific and technical payoffs, organizational management level of R&D, and growth index of sales and assets. The approval of Shenzhen high-tech enterprises highlights the outstanding achievements of innovation and transformation of Baileqi.
Shenzhen Baileqi Electronic Technology Co., Ltd. plays an important role in Ionix Technology’s OLED module project. It introduced advanced OLED manufacturing processes and technology and conducted in-depth R& D and testing to implement the Company's strategic plan of the OLED market. Baileqi was always dedicated to be leading in its field and continues to organize and adapt ahead of change.
For more information on Ionix Technology visit: http://www.theiinx.com
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