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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 (Nasdaq: NISN) has announced a strategic cooperation agreement with Sunshine Chengyang Financial Holding Group to develop supply chain services in the finance sector. The collaboration aims to establish the "Qingdao Sunshine Nisun Supply Chain Platform" by leveraging resources such as technology and talent to enhance the Chengyang District's development. Chairman Xiaoyun Huang emphasized this as a milestone for Nisun's ecosystem and aims to solidify its role in the financial services industry.
Nisun International has entered into a cooperation agreement with China Everbright Bank, providing it with bank credit support for one year. This partnership aims to bolster Nisun's supply chain strategy, reflecting Everbright Bank's confidence in Nisun's industry role. CEO Xiaoyun Huang emphasized the significance of this financial backing, which is expected to enhance Nisun's collaboration with commercial banks and accelerate its supply chain technology development.
Nisun International Enterprise Development Group reported its unaudited operational results for Q1 2021, with net income reaching $4.4 million. Total revenue for the quarter was approximately $18.1 million, primarily driven by SME financing solutions, generating $17.5 million. The company achieved a gross profit of $8.3 million and reported earnings per share of $0.21. Operational expenses were $3.0 million. The firm remains optimistic about growth, focusing on enhancing supply chain solutions to meet client needs.
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) announced a partnership with JD.com to enhance e-commerce supply chain services. Fanlunke Supply Chain Management, a Nisun affiliate, will collaborate with JD to leverage their logistics and supply chain capabilities. This strategic partnership aims to streamline operations and improve customer experience, furthering Nisun's growth strategy in the supply chain sector. Chairman Xiaoyun Huang emphasized the potential for enhanced product and service offerings while creating value for shareholders through this collaboration.
Nisun International Enterprise Development Group Co., Ltd (Nasdaq: NISN) has announced a cooperative agreement with Beijing Digital Telecom Co., Ltd. to enhance retail supply chain management services. This partnership aims to boost efficiency and safety across multiple industries' supply chains. The collaboration aligns with China's shift towards high-end consumption, enhancing Nisun's role in the mobile communication supply chain industry. Both companies anticipate increased shareholder value and strengthened operations through this strategic alliance.
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) has announced a strategic collaboration with Shanxi Zhongneng Shanhua Energy, a subsidiary of Shanxi Energy Group. This agreement aims to develop advanced supply chain services for the coal industry, utilizing technologies like blockchain and big data. The partnership is expected to enhance digital transformation within Zhongneng Shanhua's supply chain, improve client experiences, and expand Nisun's customer base in the energy sector. Chairman Xiaoyun Huang highlighted this partnership as a significant step in the company's strategic development.
Nisun International reported a significant revenue growth, achieving approximately $42.2 million for the year ended December 31, 2020, a massive increase from $2.5 million in 2019.
Revenue from SME financing solutions surged to $40.8 million, with supply chain solutions contributing $1.4 million. Despite a net loss of $13.1 million, the company saw a net income from continuing operations of $9.9 million.
Cash and equivalents rose to $22.2 million from $2.8 million a year earlier, reflecting strong performance in financing activities.
Nisun International Enterprise Development Group Co. reported unaudited financial results for H1 2020, highlighting significant growth in its financial services sector. Revenue reached $13.5 million, primarily from SME financing solutions at $13.3 million. The company incurred a net loss of $6.2 million, with a notable $10.3 million loss from discontinued operations. Selling, general and administrative expenses rose to $3.9 million.
Nisun completed a strategic acquisition of Nami Holding for $25.5 million and is optimistic about future growth opportunities.
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) announced a strategic collaboration with Shanghai Petroleum and Natural Gas Exchange (SHPGX) to enhance technology-supported services for energy trading members. This partnership aims to provide supply chain management and financial services to upstream and downstream enterprises in the energy sector. Nisun's Chairman, Xiaoyun Huang, emphasized that this marks a significant expansion into the energy field, leveraging the company's expertise in supply chain management. SHPGX is recognized as the largest natural gas spot trading platform in the Asia-Pacific.
Nisun International Enterprise Development Group Co., Ltd (Nasdaq: NISN) announced a preliminary agreement to establish a new subsidiary, Nisun (Shandong) Industry Development Co., Ltd, in Tai'an, Shandong province. Set to operate by Spring 2021, this subsidiary will serve as a pivotal operations platform for Nisun's existing Chinese subsidiaries. The partnership with the local government includes financial support and tax incentives, aimed at enhancing Nisun's capabilities and expanding its customer base while fostering industry growth in Tai'an.
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