The provisions for income
taxes are summarized as
follows:
For the six months ended December 31,
2017 2016
Current $ 9,373 $ 1,437
Deferred - -
Total $ 9,373 $ 1,437

As of December 31, 2017, the Company has approximately $290,000 net operating loss carryforwards available in the U.S. and Hong Kong to reduce future taxable income which will begin to expire from 2035. It is more likely than not that the deferred tax assets cannot be utilized in the future because there will not be significant future earnings from the entity which generated the net operating loss. Therefore, the Company recorded a full valuation allowance on its deferred tax assets.
The Company has not provided deferred taxes on unremitted earnings attributable to international companies that have been considered to be reinvested indefinitely. Because of the availability of U.S. foreign tax credits, it is not practicable to determine the income tax liability that would be payable if such earnings were not indefinitely reinvested. In accordance with ASC Topic 740, interest associated with unrecognized tax benefits is classified as income tax and penalties are classified in selling, general and administrative expenses in the statements of operations.
The extent of the Company’s operations involves dealing with uncertainties and judgments in the application of complex tax regulations in a multitude of jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with taxing authorities in various jurisdictions and resolution of disputes arising from federal, state and international tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues in the United States and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due.
~~NOTE 10 - SUBSEQUENT EVENTS~~
The Company has evaluated the existence of significant events subsequent to the balance sheet date through the date the financial statements were issued and has determined that there were no subsequent events or transactions which would require recognition or disclosure in the financial statements.
~~F-15~~
~~Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.~~
The following Management's Discussion and Analysis should be read in conjunction with Ionix Technology, Inc.’s. financial statements and the related notes thereto. The Management's Discussion and Analysis contains forward-looking statements that involve risks and uncertainties, such as statements of our plans, objectives, expectations and intentions. Any statements that are not statements of historical fact are forward-looking statements. When used, the words “believe,” “plan,” “intend,” “anticipate,” “target,” “estimate,” “expect,” and the like, and/or future-tense or conditional constructions (“will,” “may,” “could,” “should,” etc.), or similar expressions, identify certain of these forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements in this Report on Form 10-Q. The Company’s actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this Report on Form 10-Q.
The following discussion should be read in conjunction with our unaudited consolidated financial statements and related notes and other financial data included elsewhere in this report. See also the notes to our consolidated financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in our Annual Report on Form 10-K for the year ended June 30, 2017, filed with the Commission on October 13, 2017.

~~Results of Operations for the three and six months ended December 31, 2017 and 2016~~

~~Revenue~~
During the three months ended December 31, 2017 and 2016, revenue was $750,944 and $2,081,666, respectively. The difference can be attributed to the time-consuming business transformation in the fields of portable power banks (including the arrangement to stop manufacturing the portable power banks with low margin and switching the focus to the ones with much higher gross margin) during the three months ended December 31, 2017.

During the six months ended December 31, 2017 and 2016, revenue was $1,132,485 and $2,124,816, respectively. The difference can be attributed to the time-consuming business transformation in the fields of portable power banks (including the arrangement to stop manufacturing the portable power banks with low margin and switching the focus to the ones with much higher gross margin ) during the six months ended December 31, 2017.

~~Cost of Revenue~~
Cost of revenue included the cost of raw materials and finished products purchased and the sub- contracting processing fee paid to the processing factories which were owned by our shareholders, pursuant to the manufacturing agreement between the Company’s subsidiaries in PRC and processing factories. During the three months ended December 31, 2017, cost of revenue was $64,971 for non-related parties and $607,020 for related parties. In comparison, during the three months ended December 31, 2016, the cost of revenues was $478,409 for non-related parties and $1,456,956 for related parties. The difference can be attributed to decrease in revenue from the time-consuming business transformation in the fields of portable power banks during the three months ended December 31, 2017.

During the six months ended December 31, 2017, cost of revenue was $113,903 for non-related parties and $878,671 for related parties. In comparison, during the six months ended December 31, 2016, cost of revenue was $478,409 for non-related parties and $1,495,519 for related parties. The difference can be attributed to decrease in revenue from the time-consuming business transformation in the fields of portable power banks during the six months ended December 31, 2017.

~~Gross Profit~~
During the three months ended December 31, 2017 and 2016, gross profit was $78,953 and $146,301, respectively. Our gross profit margin maintained at 11% during the three months ended December 31, 2017 as compared to 7% for the three months ended December 31, 2016. During the six months ended December 31, 2017 and 2016, gross profit was $139,911 and $150,888, respectively. Our gross profit margin maintained at 12% for the six months ended December 31, 2017 as compared to 7% for the six months ended December 31, 2016. The increase in both the three and six month periods ended December 31, 2017 as compared to December 31, 2016 can be attributed to a transformation in the Company’s portable power bank operations (including the arrangement to stop manufacturing the portable power banks with low margin and switching the focus to the ones with much higher gross margins).
16

~~Selling, General and Administrative Expenses~~
During the three months ended December 31, 2017, and 2016, general and administrative expenses were $61,475, and $149,102, respectively. Our general and administrative expenses mainly comprised of payroll expenses, transportation, office expense, professional fees, freight and shipping costs, rent, and other miscellaneous expenses. The difference can be attributed to the stricter practices for cost control in operating expenses during the three months ended December 31, 2017.

During the six months ended December 31, 2017, and 2016, general and administrative expenses were $131,028, and $192,843, respectively. The difference can be attributed to the stricter practices for cost control in operating expenses during the six months ended December 31, 2017.

~~Income (Loss) from Discontinued Operations~~
~~The Company disposed of the ownership in Taizhou Ionix and Xinyu Ionix in August 2016 and April 2017 respectively.~~

~~Hence the Company has presented results of Taizhou Ionix and Xinyu Ionix operations as the discontinued operations in the consolidated statements of comprehensive income (loss).~~

During the three months ended December 31, 2017 and 2016, total loss from discontinued operations was $Nil and $(10,150), respectively. During the six months ended December 31, 2017 and 2016, total income (loss) from discontinued operation was $Nil and $36,404, respectively

~~Net Income (Loss~~)
During the three months ended December 31, 2017 and 2016, our net income was $9,714 compared with a loss of $14,206, respectively. The difference can be attributed to the strict cost control in operating expenses during the three months ended December 31, 2017.

During the six months ended December 31, 2017 and 2016, our net loss was $490 compared with a loss of $6,988, respectively. The difference can be attributed to the strict cost control in operating expenses during the six months ended December 31, 2017.

~~Liquidity and Capital Resources~~

~~Cash Flow from Operating Activities~~
~~During the six months ended December 31, 2017 and 2016, net cash used in operating activities was $158,761 and $968,933, respectively. The change was mainly due to less loss incurred~~ ~~from continuing operation and an increase in~~ accounts receivables inflows which were partially offset by an increase in accounts payable outflows. Additionally, (i) our inventory increased from $(1,181,186) in the six months ended December 31, 2016, to $(197,363) in the same period ended 2017; (ii) our Advances to suppliers for non-related parties increased from $(849,931) in 2016, to $120,004 in 2017; and (iii) advances from customers decreased from $818,016 in 2016 to $(39,455) in 2017.

~~Cash Flow from Investing Activities~~
~~During the six months ended December 31, 2017 and 2016, net cash provided by investing activities was $148,947 and $5,000, respectively.~~

~~Cash Flow from Financing Activities~~
~~During the~~ ~~six months ended December 31, 2017, the Company used $109,413 in cash for financing activities, which was all due to repayment of related party loans. In comparison, during the~~ ~~six months ended December 31, 2016, the Company received $1,018,889 in cash from financing activities, all of which was attributable to proceeds from related party loans.~~

~~As of~~ ~~December 31, 2017, we have a working capital of $70,183.~~

Our total current liabilities as of December 31, 2017 was $460,008 and consists primarily of accounts payables for related parties of $46,040 and non-related parties of $112,874, advances from customers of $35,194, amount due to related parties of $218,540, and accrued expenses and other current liabilities of $47,360. Our Company’s President is committed to providing for our minimum working capital needs for the next 12 months, and we do not expect previous loan amounts to be payable for the next 12 months. However, we do not have a formal agreement that states any of these facts.  The remaining balance of our current liabilities relates to audit and consulting fees and such payments are due on demand and we expect to settle such amounts on a timely basis based upon shareholder loans to be granted to us in the next 12 months.
17

~~We will require approximately $170,000 to fund our working capital needs as follows:~~

Audit and accounting 50,000
Legal Consulting fees 50,000
Salary and wages 30,000
Edgar/XBRL filing, transfer agent and miscellaneous 40,000
Total $ 170,000

~~Future Financings~~

~~We will not consider taking on any long-term or short-term debt from financial institutions in the immediate future.~~  We are dependent upon our director and the major shareholder to provide continued funding and capital resources. If continued funding and capital resources are unavailable at reasonable terms, we may not be able to implement our plan of operations. The financial statements do not include any adjustments related to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation.

~~Off-Balance Sheet Arrangements~~

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.
~~Critical Accounting Policies~~

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the ~~financial statements~~Original Filing, and ~~the reported amounts of revenues and expenses during the reporting periods.~~
~~We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included~~does not modify or update disclosures in the notes to our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

~~Recently Issued Accounting Pronouncements~~

~~In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers: Topic 606.~~Original Filing, except as noted above. This Update affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards. The guidance in this Update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to illustrate the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance also includes a cohesive set of disclosure requirements that will provide users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from a reporting organization’s contracts with customers. This ASU is effective for fiscal years, and interim periods within those years beginning after December 15, 2016 for public companies and 2017 for non-public entities. Management is evaluating the effect, if any, on the Company’s financial position and results of operations.
The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the CompanyForm 10-Q/A, does not ~~believe~~reflect events that ~~there are any other new accounting pronouncements that~~may have ~~been issued that might have a material impact on its financial position or results of operations.~~
18
~~Contractual Obligations~~
~~We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.~~

~~ITEM 3.~~ ~~QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK~~
~~We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.~~

~~ITEM 4.~~ ~~CONTROLS AND PROCEDURES~~
~~Evaluation of Disclosure Controls and Procedures~~
Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our management carried out an evaluation under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 ("Exchange Act"). Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures were not effective as of December 31, 2017.
~~Changes in Internal Control over Financial Reporting~~
~~There have been no changes in our internal control over financial reporting~~occurred subsequent to the fiscal year ended June 30, 2017, which were identified in connection with our management’s evaluation required by paragraph (d) of rules 13a-15 and 15d-15 under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
The Company is not required by current SEC rules to include, and does not include, an auditor's attestation report. The Company's registered public accounting firm has not attested to Management's reports on the Company's internal control over financial reporting.

~~Limitations of the Effectiveness of Disclosure Controls and Internal Controls~~
Our management, including our Principal Executive Officer and Principal Financial Officer, does not expect that our disclosure controls and internal controls will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control.
The design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving our stated goals under all potential future conditions; over time, a control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.
19
~~PART II - OTHER INFORMATION~~
original filing date.

~~ITEM 1.~~

~~LEGAL PROCEEDINGS~~

From time to time, the Company may become subject to various legal proceedings that are incidental to the ordinary conduct of its business. Although the Company cannot accurately predict the amount of any liability that may ultimately arise with respect to any of these matters, it makes provision for potential liabilities when it deems them probable and reasonably estimable. These provisions are based on current information and legal advice and may be adjusted from time to time according to developments.

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

ITEM ~~1A.~~6.

~~RISK FACTORS~~EXHIBITS

~~We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.~~

~~ITEM 2.~~

~~UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS~~

~~None.~~

~~ITEM 3.~~

~~DEFAULTS UPON SENIOR SECURITIES~~

~~None.~~

~~ITEM 4.~~

~~MINE SAFETY DISCLOSURES~~

~~N/A.~~

~~ITEM 5.~~

~~OTHER INFORMATION~~

~~None.~~

~~ITEM 6.~~

~~EXHIBITS~~

Exhibit
Number	Description of Exhibit
~~3.01a~~	~~Articles of Incorporation, dated March 11, 2011~~	~~Filed with the SEC on October 13, 2017 as part of our Annual Report on Form 10-K~~
~~3.01b~~	~~Certificate of Amendment to Articles of Incorporation, dated August 7, 2014~~	~~Filed with the SEC on September 3, 2014 as part of our Current Report on Form 8-K~~
~~3.01c~~	~~Certificate of Amendment to Articles of Incorporation, dated December 3, 2015~~	~~Filed with the SEC on December 10, 2015 as part of our Current Report on Form 8-K~~
~~3.02a~~	~~Bylaws~~	~~Filed with the SEC on August 23, 2011 as an exhibit to our Registration Statement on Form 10.~~
~~3.02b~~	~~Amended Bylaws, dated August 7, 2014~~	~~Filed with the SEC on September 3, 2014 as part of our Current Report on Form 8-K~~
~~10.01~~	~~Stock Purchase Agreement between Locksley Samuels and Shining Glory Investments Limited, dated November 20, 2015~~	~~Filed with the SEC on November 23, 2015 as part of our Current Report on Form 8-K~~
~~10.02~~	~~Manufacturing Agreement, dated as of August 19, 2016, by and between Jiangxi Huanming Technology Limited Company and XinyuIonix Technology Company Limited.~~	~~Filed with the SEC on August 24, 2016 as part of our Current Report on Form 8-K~~
~~10.03~~	~~Share Transfer Agreement, dated as of August 19, 2016, by and between GuoEn Li and Well Best International Investment Limited~~	~~Filed with the SEC on August 24, 2016 as part of our Current Report on Form 8-K~~
~~21.1~~	~~List of Subsidiaries~~	~~Filed with the SEC on May 22, 2017 as Exhibit 21.1 to Form 10-Q.~~
31.01	Certification of Principal Executive Officer Pursuant to Rule 13a-14	Filed herewith.
31.02	Certification of Principal Financial Officer Pursuant to Rule 13a-14	Filed herewith.
32.01	CEO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.
32.02	CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	~~Filed herewith.~~
101.INS*	~~XBRL Instance Document~~	~~Filed herewith.~~
101.SCH*	~~XBRL Taxonomy Extension Schema Document~~	~~Filed herewith.~~
101.CAL*	~~XBRL Taxonomy Extension Calculation Linkbase Document~~	~~Filed herewith.~~
101.LAB*	~~XBRL Taxonomy Extension Labels Linkbase Document~~	~~Filed herewith.~~
101.PRE*	~~XBRL Taxonomy Extension Presentation Linkbase Document~~	~~Filed herewith.~~
101.DEF*	~~XBRL Taxonomy Extension Definition Linkbase Document~~	Filed herewith.

*Pursuant to Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Ionix Technology, Inc.

Date: ~~February 14,~~November 20, 2018	By:	/s/ ~~Doris Zhou~~Yubao Liu
	Name: ~~Doris Zhou~~ Yubao Liu Title: Chief Executive Officer and Director (Principal Executive Officer)

Date: ~~February 14,~~November 20, 2018	By:	/s/ Yue Kou
	Name: Yue Kou Title: Chief Financial Officer (Principal Financial Officer)

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


Date: ~~February 14,~~November 20, 2018	By:	/s/ ~~Doris Zhou~~Yubao Liu
	Name: ~~Doris Zhou~~ Yubao Liu Title: Chief (Principal) Executive Officer, Secretary, Treasurer and ~~Sole~~ Director

Date: ~~February 14,~~November 20, 2018	By:	/s/ Yue Kou
	Name: Yue Kou Title: Chief (Principal) Financial Officer

Date: November 20, 2018,

By:

/s/ Chunde Song

Name: Chunde Song

Title: Director

Nevada		45-0713638

(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

	Large accelerated filer ☐o	Accelerated filer ☐o
	Non-accelerated filer ☐o	Smaller reporting company ☒x
	Emerging growth company ☐o

		~~Page~~
~~Part I – Financial Information~~		~~F-1~~

~~Item 1.~~	~~Financial Statements~~	~~F-1~~
~~Item 2.~~	~~Management’s Discussion and Analysis of Financial Condition and Results of Operation~~	16
~~Item 3.~~	~~Quantitative and Qualitative Disclosures about Market Risk~~	19
~~Item 4.~~	~~Controls and Procedures~~	19

~~Part II – Other Information~~		20

~~Item 1.~~	~~Legal Proceedings~~	20
~~Item 1A.~~	~~Risk Factors~~	20
~~Item 2.~~	~~Unregistered Sales of Equity Securities and Use of Proceeds~~	20
~~Item 3.~~	~~Defaults Upon Senior Securities~~	20
~~Item 4.~~	~~Mine Safety Disclosures~~	20
~~Item 5.~~	~~Other Information~~	20
~~Item 6.~~	~~Exhibits~~	20

~~Signatures~~		21

~~Certifications~~

~~INDEX~~	~~F-1~~
~~Consolidated Balance Sheets as of December 31, 2017 and June 30, 2017 (Unaudited)~~	~~F-2~~
~~Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended~~ ~~December 31, 2017 and 2016 (Unaudited)~~	~~F-3~~
~~Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2017 and 2016~~ ~~(Unaudited)~~	~~F-4~~
~~Notes to Consolidated Financial Statements (Unaudited)~~	~~F-5~~

	December 31, 2017			June 30, 2017
ASSETS
Current Assets:
Cash	$	71,267		$	186,767
Accounts receivable		85,540			292,265
Inventory		256,783			53,163
Advances to suppliers - non-related parties		1,059			118,647
- related parties		91,326			-
Other receivables		-			147,615
Prepaid expenses and other current assets		24,216			10,755
Total Current Assets		530,191			809,212
Total Assets	$	530,191		$	809,212

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable - non-related parties	$	112,874		$	96,378
- related parties		46,040			159,861
Advance from customers		35,194			72,476
Due to related parties		218,540			323,599
Accrued expenses and other current liabilities		47,360			94,844
Total Current Liabilities		460,008			747,158

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, 99,003,000 shares issued and outstanding		9,900			9,900
Additional paid in capital		237,246			237,246
Accumulated deficit		(183,931	)		(183,441	)
Accumulated other comprehensive income (loss)		6,468			(2,151	)
Total Stockholders’ Equity		70,183			62,054
Total Liabilities and Stockholders’ Equity	$	530,191		$	809,212

	For the Three Months Ended					For the Six Months Ended
	December 31,					December 31,
	2017		2016			2017			2016

Revenues	$	750,944	$	2,081,666		$	1,132,485		$	2,124,816

Cost of revenues - Non-related parties		64,971		478,409			113,903			478,409
- Related parties		607,020		1,456,956			878,671			1,495,519
Total Cost of Revenues		671,991		1,935,365			992,574			1,973,928
											��
Gross profit		78,953		146,301			139,911			150,888

Operating expenses
Selling, general and administrative expense		61,475		149,102			131,028			192,843
Total operating expenses		61,475		149,102			131,028			192,843

Income (loss) from continuing operations before income tax		17,478		(2,801	)		8,883			(41,955	)

Income tax		7,764		1,255			9,373			1,437

Net income (loss) from continuing operations		9,714		(4,056	)		(490	)		(43,392	)

Discontinued operations
Income (loss) from discontinued operations, net of tax		-		(10,150	)		-			55,294
Loss from disposal of discontinued operations		-		-			-			(18,890	)

Total income (loss) from discontinued operations		-		(10,150	)		-			36,404

Net income (loss)		9,714		(14,206	)		(490	)		(6,988	)

Other comprehensive income

Foreign currency translation adjustment		4,931		1,526			8,619			2,018

Comprehensive income (loss)	$	14,645	$	(12,680	)	$	8,129		$	(4,970	)

Income (Loss) Per Share
Basic and Diluted - continuing operation	$	0.00	$	(0.00	)	$	(0.00	)	$	(0.00	)
- discontinued operation	$	0.00	$	(0.00	)	$	0.00		$	0.00
Total	$	0.00	$	(0.00	)	$	(0.00	)	$	(0.00	)

Weighted average number of common shares outstanding - Basic and Diluted		99,003,000		99,003,000			99,003,000			99,003,000

	December 31, 2017		June 30, 2017

Balance sheet items, except for equity accounts		6.5063		6.7744


	Six Months Ended December 31,

		2017		2016

Items in statements of comprehensive income (loss) and cash flows		6.6404		6.7725

	For the period from July 1 to August 19, 2016
Revenue	$	173,005
Cost of revenue		152,465
Gross profit		20,540

Selling, general and administrative expenses		8,917

Income before income taxes		11,623
Provision for income taxes		2,906
Net income	$	8,717

	For the three months ended December 31,2016			For the six months ended December 31,2016
Revenue	$	5,414		$	849,523
Cost of revenue		4,929			761,499
Gross profit		485			88,024

Selling, general and administrative expenses		6,404			18,306

Income (loss) before income taxes		(5,919	)		69,718
Provision for income taxes		4,231			23,141
Net income (loss)	$	(10,150	)	$	46,577

	December 31, 2017		June 30, 2017

Raw materials	$	-	$	53,163

Finished goods		256,783		-

Total inventories	$	256,783	$	53,163

	December 31, 2017		June 30, 2017

Ben Wong (1)	$	143,792	$	143,792

Yubao Liu (6)		29,998		-

Changyong Yang (2)		-		122,820

Xin Sui (3)		1,992		6,992

Baozhen Deng (4)		8,944		8,590

Shenzhen Baileqi S&T (5)		33,814		41,405

	$	218,540	$	323,599

	For the six months ended December 31, 2017					As of December 31, 2017
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	293,260		26	%	$	-		-	%
Customer B		174,278		15	%		79,400		93	%
Total	$	467,538		41	%	$	79,400		93	%

	For the six months ended December 31, 2016					As of December 31, 2016
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	1,379,047		65	%	$	393,882		92	%
Customer B		362,708		17	%		-		-	%
Total	$	1,741,755		82	%	$	393,882		92	%

	For the three months ended December 31, 2017					As of December 31, 2017
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	293,260		39	%	$	-		-	%
Customer B		173,883		23	%		79,400		93	%
Total	$	467,143		62	%	$	79,400		93	%

	For the three months ended December 31, 2016					As of December 31, 2016
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	1,379,047		66	%	$	393,882	92	%
Customer B		349,323		17	%		-	-	%
Total	$	1,728,370		83	%	$	393,882	92	%

	For the six months ended December 31
	2017			2016

U.S. Statutory rate	$	3,109		$	(14,684	)
Tax rate difference between China and U.S.		(2,222	)		2,653
Change in Valuation Allowance		8,486			13,468
Effective tax rate	$	9,373		$	1,437

	For the six months ended December 31, 2017					As of December 31, 2017
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable

Supplier A-related party	$	391,804		33	%	$	-		-	%
Supplier B-related party		682,162		57	%		46,040		29	%
Total	$	1,073,966		90	%	$	46,040		29	%

	For the three months ended December 31, 2017					As of December 31, 2017
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable

Supplier A-related party	$	328,159		51	%	$	-		-	%
Supplier B-related party		315,594		49	%		46,040		29	%
Total	$	643,753		100	%	$	46,040		29	%

The provisions for income taxes are summarized as follows:	For the six months ended December 31,
	2017		2016
Current	$	9,373	$	1,437
Deferred		-		-
Total	$	9,373	$	1,437

Audit and accounting		50,000
Legal Consulting fees		50,000
Salary and wages		30,000
Edgar/XBRL filing, transfer agent and miscellaneous		40,000
Total	$	170,000