- Business
- Ionix Technology, Inc. (IINX) develops, manufactures and markets liquid crystal materials, displays and modules; smart energy solutions including portable power banks for iPhone, iPad, MP3/MP4 players, PSP gaming systems and cameras; photoelectric display products such as liquid crystal modules and screens for video baby monitors, tablets, cell phones, televisions and computer monitors; and service contracts, with operations spanning the United States, Hong Kong and the People's Republic of China. The company, incorporated in 2011 and headquartered in Dalian, China, operates through Smart Energy, Photoelectric Display and Service Contracts segments; it functions as a subsidiary of Shining Glory Investments Limited and rebranded from Cambridge Projects Inc. in February 2016 to focus on aggregating businesses in photoelectric display, smart energy and advanced industrial technologies. Subsidiaries include Huixiang Energy (Suzhou) Co., Ltd. and Shijirun (Yixing) Technology Limited, supporting smart equipment, advanced energy systems, energy internet and electric vehicle sharing; the company serves distributors, retailers, automobile manufacturing, high-end instruments, UAVs, mobile communications, intelligent household appliances and artificial intelligence sectors across China and international markets. In January 2024, Ionix acquired full control of Dalian Huagang Logistics Park Co., Ltd. and its subsidiary Dalian Huagang Cross-Border E-Commerce Trade Co., Ltd., a 23,000-square-meter facility equipped for cold chain storage, logistics, offices and e-commerce broadcasting with projected annual revenues of USD 20.55 million and net profits of USD 7.8 million upon full operations; this strategic move, funded by principal shareholder Liu Yubao's prior USD 3.65 million investments, expands into logistics and e-commerce to complement core technology offerings.