超离子科技有限公司公布2019年第三季度财务业绩

2019-05-15

拉斯维加斯,中国 2019年5月15日---超离子科技有限公司(OTCQB股票代码:IINX,以下简称超离子科技,IINX 或公司),在光电显示和智慧能源领域的资源整合者,今日公布了截至2019331日的3个月的财务业绩。

2019年第三季度财务亮点

·在截至20183313个月到截至2019331日的三个月,总收入增长了146%

·截至2019331日的三个月,毛利率为22%,而截至2018331日的三个月毛利率为11%

IINXCEO刘玉宝表示:“2019年第三季度的财务业绩表明,我们从最近的收购中获益。  在截至2019331日的三个月里,我们的毛利率增长到了22%,而在截至2018331日的三个月里,毛利率只有11%,这主要是受从芳冠电子的收购业务的高毛利率的驱动所致”。

刘先生还表明:“我们正在采取持续发展的方法来建立我们的业务,并继续在光电显示和智慧能源领域进行投资。通过整合这样业务,我们将获得竞争优势和经济规模。最近计划加速在OLED柔性屏市场的投资就是很好的例子。我们预计这些努力将为我们的股东带来长期的增长。


收入

在截至2019331日和2018331日的3个月,总收入分别是 $2,597,052 $1,054,933。截至2018331日的3个月到截至2019331日的3个月,总收入增长146%.

在截至20193312018331日的9个月,收入分别是$7,417,488  $2,187,418从截至2018331日的9个月到截至2019331日的9个月,总收入增长239%

收入的增长归因于公司在中国液晶显示屏领域的业务扩张。

 

 收入成本

 

 

在截至2019331日的3个月,非关联方的收入成本是 $1,913,214,关联方的收入成本是$111,116 。相比之下,在截至2018331日的3个月,非关联方的收入成本是 $38,725,关联方的收入成本是$ $906,924。截至2018331日的3个月到截至2019331日的3个月,收入总成本增长114%

 

在截至2019331日的9个月,非关联方的收入成本是$2,955,038,关联方的收入成本是$3,305,275。相比之下,在截至2018331日的9个月,非关联方的收入成本是 $152,628 ,关联方的收入成本是$$1,785,595。截至2018331日的9个月到截至2019331日的9个月,收入总成本增长223%

 

收入成本的增长归因于公司在中国液晶显示屏领域的业务扩张。

 

 

毛利润

 

在截至2019331日和2018331日的3个月,毛利润分别是$572,722  $109,284。在截至2019331日的3个月,毛利率维持在22%,相比之下截至2018331日的3个月,毛利率是11%

 

在截至2019331日和2018331日的9个月,毛利润分别是$1,157,175  $249,195。在截至2019331日的9个月我们的毛利率维持在16%,相比之下截至2018331日的9个月,毛利率是11%

 

毛利润的变动也归因于芳冠电子(20181228日成为公司的可变利益实体)

制造和销售LCD屏产品,持有较高的毛利(约22%)的这一事实。

 

销售和管理费用

 

截至2019331日的3个月和2018331日的3个月,管理费用分别是$550,965,  $57,927

管理费用的变动可归因于在20181228日芳冠电子成本公司的可变利益实体后仅发生的折旧和待摊费用。

 净收益

在截至2019331日的3个月和2018331日的3个月,净收益分别是$21,064  $45,160

这一变化可归因为2018年12月27日收购芳冠电子产生的相关费用增加。

在截至2019331日的9个月和2018331日的9个月,我们的净收益分别是 $205,071  $44,670

这一变化可归因于在截至2019331日的9个月的毛利润的增长。

 

现金和财务状况

 

截至2019331日,公司拥有现金和现金等价物$494,820,相比之下截至2018630日,拥有现金和现金等价物$111,462 。截至2019331日公司的营运资金缺口$1,105,616 ,相比之下截至2018630日的营运资金缺口为$413.657

截至2019331日的9个月,经营活动使用的净现金是$900,588,截至2018331日的9个月,经营活动提供的净现金是 $106,547

 

关于超离子科技有限公司

超离子科技有限公司是一家主要从事光电显示和智慧能源行业的控股公司。公司下设五家运营子公司:长春冠光电显示技术有限公司,一家专业从事TNSTN液晶、STNCSTNTFT液晶模块及相关产品的开发、设计、生产及销售的公司;长春芳冠电子科技有限公司,一家在中国制造和销售LCD屏的公司深圳百乐奇电子科技有限公司,是一家专业从事LCD切片、填充、研发、设计、制造、LCD模组(LCM)及PCB销售的公司;力斯特科技(深圳)有限公司,一家从事智能电子设备生产的公司; 大连世哲新能源科技有限公司,一家从事光伏发电、电动汽车、充电桩及配套运维、三维停车场业务的公司。目前,IINX已经着手以长春芳冠、深圳百乐奇为生产基地,布局柔性可折叠式液晶显示屏前段材料和后段模组领域的产业化和市场化对接,抢占OLED高新技术的市场份额。

更多信息,请访问我们网站: www.iinx-tech.com

 

 

Safe Harbor Statement

This news release contains "forward-looking statements" as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. Ionix Technology assumes no obligation to update the forward-looking statements. Although Ionix Technology believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in Ionix Technology's annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the U.S. Securities and Exchange Commission.

 

IR Contact:

Dragon Gate Investment Partners LLC

Tel: +1(646)-801-2803

Email: iinx@dgipl.com

IONIX TECHNOLOGY, INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)


March 31, 2019


June 30, 2018

ASSETS






Current Assets:






Cash

$

494,820


$

111,462

Notes receivable


14,900



                        -   

Accounts receivable - non-related parties


2,849,694



636,413

                              - related parties


                140,306



119,543

Inventory


3,965,274



226,839

Advances to suppliers - non-related parties


158,965



3,164

                                 - related parties


                317,280



206,194

Prepaid expenses and other current assets


158,689



20,592

Total Current Assets


8,099,928



1,324,207







Property, plant and equipment, net


6,644,070



                        -   

Intangible assets, net


4,537,698



                        -   

Deferred tax assets


59,980



                        -   

Total Assets

$

19,341,676


$

1,324,207







LIABILITIES AND STOCKHOLDERS’ EQUITY






Current Liabilities:






Short-term bank loan

$

2,682,084


$

                        -   

Accounts payable - non-related parties


             3,419,426



                264,171

                           - related parties


                        -   



                248,543

Advance from customers


22,312



59,546

Due to related parties


2,793,610



212,557

Accrued expenses and other current liabilities


288,111



125,733

Total Current Liabilities


9,205,543



910,550







Deferred tax liability


                        -   



15,242

Total Liabilities


9,205,543



925,792







COMMITMENT AND CONTINGENCIES












Stockholders’ Equity:






Preferred stock, $.0001 par value, 5,000,000 shares authorized,  
5,000,000 shares issued and outstanding


                      500



                      500

Common stock, $.0001 par value, 195,000,000 shares authorized,
114,003,000 and 99,003,000 shares issued and outstanding as of March 31, 2019 and June 30, 2018, respectively


11,400



9,900

Additional paid in capital


9,707,485



237,246

Retained earnings


347,890



142,819

Accumulated other comprehensive income


36,473



7,950

Total Stockholders' Equity attributable to the Company


10,103,748



398,415

Noncontrolling interest


32,385



                        -   

Total Stockholders’ Equity


10,136,133



398,415

Total Liabilities and Stockholders’ Equity

$

19,341,676


$

1,324,207

 

 


IONIX TECHNOLOGY, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)



For the Three Months Ended


For the Nine Months Ended



March 31,


March 31,



2019


2018


2019


2018















Revenues - Non-related parties

$

2,597,052


$

1,054,933


$

7,301,591


$

2,187,418


Revenues - Related parties


               -   



              -   



115,897



             -   


Total Revenues


2,597,052



1,054,933



7,417,488



2,187,418















  Cost of revenues - Non-related parties


1,913,214



38,725



2,955,038



    152,628


                           - Related parties


111,116



906,924



3,305,275



1,785,595


  Total Cost of Revenues


2,024,330



945,649



6,260,313



1,938,223















  Gross profit


572,722



109,284



1,157,175



249,195















Operating expenses













  Selling, general and administrative expense


550,965



57,927



846,871



188,955


Total operating expenses


550,965



57,927



846,871



188,955















Income from operations


21,757



51,357



310,304



60,240















Other income (expense):













  Other income


        50,736



              -   



        68,424



             -   


  Interest expense, net of interest income


(34,412)



              -   



(34,412)



             -   


Total other income


        16,324



              -   



        34,012



             -   















Income before income tax provision


38,081



51,357



344,316



60,240


Income tax provision


        17,017



         6,197



      139,245



      15,570


Net income


21,064



45,160



205,071



44,670















Other comprehensive income













  Foreign currency translation adjustment


56,484



10,758



28,523



19,377


Comprehensive income

$

77,548


$

55,918


$

233,594


$

64,047




























Income Per Share - Basic and Diluted

$

           0.00


$

           0.00


$

           0.00


$

         0.00


Weighted average number of common shares outstanding - Basic and Diluted


114,003,000



99,003,000



104,148,985



99,003,000




























 


IONIX TECHNOLOGY, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)




For the Nine Months Ended
March 31,


CASH FLOWS FROM OPERATING ACTIVITIES

2019


2018


Net income


$

205,071

$

44,670


Adjustments required to reconcile net income to net cash provided by (used
in) operating activities:

Depreciation and amortization      



184,172


-


Deferred taxes



(15,732)


-


Changes in operating assets and liabilities:         


Accounts receivable - non related parties

593,935


250,770


Accounts receivable - related parties

(22,607)


-


Inventory

(774,776)


(96,298)


Advances to suppliers - non-related parties

13,826


122,315


Advances to suppliers - related parties

(114,802)


(234,503)


Prepaid expenses and other current assets

(75,559)


(10,570)


Accounts payable - non-related parties

(645,258)


113,062


Accounts payable - related parties

(198,782)


(67,397)


Advance from customers

(61,014)


29,477


Accrued expenses and other current liabilities

10,938


(44,979)


Net cash provided by (used in) operating activities

(900,588)


106,547







CASH FLOWS FROM INVESTING ACTIVITIES





Other receivables

-


153,292


Acquisition of property, plant and equipment

(38,375)


-


Cash received from acquisition

687,591


 -


Net cash provided by investing activities

649,216


153,292







CASH FLOWS FROM FINANCING ACTIVITIES





Notes receivable

54,451


-


Return of capital to non-controlling interests

(58,155)


-


Proceeds from (repayment of) loans from related parties

591,766


(94,920)


Net cash provided by (used in) financing activities

588,062


   (94,920)







Effect of exchange rate changes on cash

46,668


18,676







Net increase in cash

383,358


183,595







Cash, beginning of period

111,462


186,767







Cash, end of period

$

494,820

$

370,362







Supplemental disclosure of cash flow information:





Cash paid for income tax

$

144,124

$

10,484


Cash paid for interests

$

35,250

$

-







Non-cash investing activities





Issuance of 15,000,000 shares of common stock in exchange for 95.14%
ownership rights of a variable interest entity

$

5,000,000

$   

 -


Forgiveness of related party loan which converted to capital

$

4,471,739

$

 -



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