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NiSun International Enterprise Development Group Co., Ltd (Nasdaq: NISN) is a technology-driven, integrated supply chain solutions provider committed to transforming the corporate finance industry. The company excels in offering advanced supply chain services to both Chinese and international enterprises, as well as financial institutions, through its various subsidiaries.
NiSun focuses on technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, aiming to strengthen and grow the industry. By integrating technology, industry, and finance, NiSun has created a robust ecosystem of openness and empowerment, enabling seamless industry-finance linkages. The company also serves upstream and downstream segments of the industrial supply chain, assisting in supply-side sub-sector reform.
Recent Achievements: In fiscal year 2022, NiSun reported notable financial results. The total revenue reached $234.2 million, a 46% increase from the previous year, despite challenging market conditions. The company also expanded its agricultural supply chain operations and formed new business partnerships, aiming to enhance brand awareness and business growth. In the six months ended June 30, 2023, the company reported revenues of $126.9 million, marking an 8% increase from the same period in the prior year.
Financial Condition: As of December 31, 2022, NiSun held $67.3 million in cash, cash equivalents, and restricted cash. The company remained dedicated to optimizing its resource allocation to bolster competitiveness in the supply chain sector. By June 30, 2023, NiSun's cash and cash equivalents had grown to $106.6 million, emphasizing its robust operational results.
Partnerships and Projects: NiSun's strategy includes cultivating strategic collaborations and expanding its market presence. A significant breakthrough was achieved in its egg supply chain business, with a daily supply capacity of over 20 million eggs. The company identified the egg industry as key to its growth strategy, aiming to ensure quality and improve profit margins while contributing to food safety and sustainable development.
NiSun remains committed to aligning its operations with its core values for better performance, striving to provide clients with effective and high-quality supply chain solutions. The company aims for long-term growth, creating more value for shareholders by leveraging innovative solutions and integrated resources.
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) has announced a supply chain cooperative agreement with Henan Fulushi Industrial Co., Ltd. This partnership aims to enhance the trade of frozen grocery products by utilizing Nisun's innovative technology to create a comprehensive platform linking various supply chain nodes. The initiative is expected to improve efficiency and reduce costs in frozen product distribution. Nisun's collaboration supports China's rural revitalization strategy, focusing on agricultural trading channels. The agreement emphasizes the importance of technology in optimizing supply chain logistics.
Nisun International Enterprise Development Group Co. Ltd (Nasdaq: NISN) has successfully closed a public offering, raising $77 million through the sale of 19.25 million Class A common shares and pre-funded warrants at $4.00 per share. The funds will be allocated for general corporate purposes, including working capital and business opportunities. The offering was managed by Aegis Capital Corp. and conducted under an effective shelf registration statement with the SEC. Nisun focuses on integrated supply chain solutions, enhancing corporate finance services.
Nisun International Enterprise Development Group Co., Ltd (Nasdaq: NISN) has announced a firm commitment underwritten public offering of 19.25 million Class A common shares and pre-funded warrants, aiming to raise $77 million in gross proceeds. Each share, including pre-funded warrants, is priced at $4.00. The funds will primarily support general corporate purposes, such as working capital and business opportunities. The offering is expected to close on December 14, 2021, pending customary conditions.
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) announced a supply chain cooperative agreement with Henan Youjiatian Agricultural Technology Co., Ltd. This partnership aims to enhance supply chain procurement services for agricultural products, thereby addressing supply chain gaps. Youjiatian, an established agricultural park, has completed its first phase and expects an annual output of 60,000 tons of vegetables. This agreement aligns with Nisun's commitment to innovate supply chain solutions and support China's rural revitalization strategy.
Nisun International conducted its 2021 Annual Meeting of Shareholders on November 19, 2021, in Shanghai. Key outcomes included the re-election of Board members Christian DeAngelis and Xin Liu, and the ratification of Wei, Wei & Co., LLP as the independent public accountant for the fiscal year ending December 31, 2021. The company focuses on technology-driven supply chain solutions and aims to enhance integration within the finance industry. Nisun continues to develop its services, leveraging technology to support various enterprises and financial institutions.
Nisun International Enterprise Development Group (NASDAQ: NISN) announced a strategic partnership with Fanhai International School of Finance at Fudan University to establish the Nisun Supply Chain Management Training Center. This collaboration aims to enhance academic training while integrating blockchain technology into supply chain processes. The initiative seeks to improve efficiency and address financing challenges for small and medium enterprises. This partnership is expected to create opportunities for students, such as internships, while strengthening Nisun's supply chain ecosystem.
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) reported strong unaudited operational results for the nine months ending September 30, 2021. The company achieved a net income of approximately $20 million with total revenue reaching $106.8 million. Revenue from Small and Medium Enterprise (SME) financing solutions amounted to $58.4 million, and merchandise sales contributed $44.2 million. Gross profit was reported at $33.1 million, while operating expenses totaled $9.4 million. The net income per share was $0.97.
Nisun International Enterprise Development Group (NASDAQ: NISN) has announced a supply chain cooperative agreement with Haikou Jinlvguo Fruit Production & Marketing Cooperative. This partnership aims to enhance the agricultural supply chain by utilizing Nisun's advanced digital technologies and supply chain management capabilities. The collaboration is expected to improve sales channels for Haikou Jinlvguo, allowing better access to market information. Nisun's focus is on integrating logistics, capital flow, and data to reshape the agricultural supply chain and support those with limited credit access.
Nisun International Enterprise Development Group (Nasdaq: NISN) has announced a strategic cooperation with Zhumadian Industry Investment Group to form a new joint venture named Zhumadian City Industry Investment Nisun Supply Chain Co., Ltd, with registered capital of RMB500 million. This venture aims to enhance local economic growth by linking government and enterprises. The partnership follows an earlier collaboration in Qingdao, reinforcing Nisun's strategy of integrating technology, industry, and finance to provide comprehensive supply chain solutions.
Nisun International Enterprise Development Group (Nasdaq: NISN) announced a strategic agreement with Shanghai Bailian Group to enhance procurement of information appliances, including computer and communication electronics. This partnership aims to improve supply chain efficiency and stimulate the growth of China's 3C Products market, which has been thriving due to favorable government policies and rising demand. Nisun is focusing on strengthening its market presence and leveraging resources across five core industries.
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