Financial Performance and Key Metrics - Total revenue increased by 52% to $192.5 million in H1 2024 compared to $126.9 million in the same period last year [10] - Supply chain trading business revenue grew by 114% to $142.1 million, driven by market share expansion in the gold trading sector [10] - SME financing services revenue decreased by 16% to $48.5 million due to challenging financing market conditions in China [10] - Supply chain financing solutions revenue dropped by 30% to $1.9 million, impacted by similar market conditions [11] - Gross profit decreased by 13% to $17.2 million, with gross margin narrowing to 9% from 15.6% due to lower-margin supply chain trading business expansion [12] - Operating expenses declined by 31% to $5.7 million, driven by reduced selling and G&A expenses [13] - Net income totaled $10.3 million, down from $11.4 million in the prior year, primarily due to lower gross profit [14] - Cash position decreased to $47.8 million from $114.6 million at the end of 2023, mainly due to increased advances to suppliers and reduced accounts payable [14] Business Line Performance - Supply chain trading business showed significant growth, contributing $142.1 million in revenue, driven by gold trading sector expansion [10] - SME financing services faced a decline in revenue to $48.5 million, reflecting challenging market conditions [10] - Supply chain financing solutions revenue dropped to $1.9 million, impacted by economic slowdown [11] Market and Strategic Focus - The company is focused on expanding its supply chain trading business, particularly in the gold trading sector, and exploring adjacent markets such as Chinese herbs [24] - Management is optimistic about the future of SME financing and supply chain financing as economic conditions improve [11] - The company is leveraging AI-driven platforms to streamline operations and enhance efficiency in supply chain solutions [9] Management Commentary on Future Outlook - Management remains committed to restoring shareholder value and building investment confidence, with a focus on improving profitability and expanding into new markets [15] - The company has approved a $15 million share buyback program, reflecting confidence in future growth [16] - Management is actively working to improve transparency and communication with investors to address concerns about corporate governance and regulatory risks [39] Q&A Session Highlights Question: Cost Control Measures and Sustainability - The company implemented cost control measures, including optimizing sales channels and reducing unnecessary expenditures, leading to a 31% reduction in operating expenses [17][18] - Selling expenses decreased by 69% due to lower revenue from SME financing solutions, resulting in reduced channel promotion expenses [18] Question: R&D Expenses and Future Plans - R&D expenses increased by 27% to $0.5 million, primarily due to the amortization of platform technology service fees [13][20] - The company plans to continue investing in AI-driven supply chain solutions and developing new technologies to enhance operational efficiency [20] Question: Growth in Supply Chain Trading Business - The company is focusing on deepening relationships with key players in the supply chain and expanding into new markets to sustain growth in the gold trading sector [23][24] - Management is exploring opportunities to diversify the trading portfolio, including metals and other industries, to enhance profitability [26][27] Question: Profitability Improvement in Supply Chain Trading - The company is identifying higher-margin products and expanding into more lucrative markets to improve profitability in the supply chain trading business [32] - Leveraging technology to streamline operations and reduce costs is a key strategy to enhance margins [32] Question: Cash Dividend and Shareholder Value - The company views the decrease in cash as a strategic investment to support future growth, with advances to suppliers being a significant factor [37] - Management is focused on improving transparency and corporate governance to address investor concerns and enhance shareholder value [39][41] Question: Transparency and Investor Communication - The company is committed to enhancing transparency through investor outreach programs, roadshows, and presentations to strengthen communication with investors [39][41]

Exhibit 99.1 NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS ( IN US DOLLARS) | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------|-----------------------| | ASSETS CURRENT ASSETS: | 2024 \n(Unaudited) | 2023 | | Cash and cash equivalents | $ 47,864,037 | $ 114,454,844 | | Restricte ...

Company Reports 52% Revenue Growth, Initiates $15 Million Share Buyback ProgramSHANGHAI, Oct. 15, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd. ("Nisun International" or the "Company") (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, today announced its reviewed but unaudited financial results for the six months ended June 30, 2024.First Half 2024 Financial Highlights:Total revenue increased by 52% to $192.5 million, compared to $ ...

SHANGHAI, Oct. 15, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd. ("Nisun International" or the "Company") (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, today announced that it will report its unaudited financial results for the first half of 2024 after the close of the market on Tuesday, October 15th at 4:15 pm New York Time.The Company will host a conference call to discuss its financial results and provide an update on recent ...

SHANGHAI, China, Oct. 9, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun International" or the "Company") (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, today announced that its Board of Directors has approved a share repurchase program under which the Company may purchase up to $15 million of its outstanding Class A common shares over the next 12 months.Repurchases under this program may be made from time to time in the op ...

Well capitalized and profitable, the Company has no plans to raise capitalSHANGHAI, Oct. 9, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun International" or the "Company") (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, announced today that it expects to report record revenue for the first half of 2024 of approximately $192.5 million, representing a 52% increase compared to $126.9 million for the same period last year. The ...

SHANGHAI, Sept. 23, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd. ("Nisun International" or the "Company") (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, announced today that it will release its financial results for the first half of 2024 on or before October 15, 2024.In conjunction with the earnings release, Nisun will host its inaugural investor conference call to discuss the results and future outlook. The call will take pla ...

SHANGHAI, Sept. 3, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd. ("Nisun International" or the "Company") (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, is proud to announce a significant milestone in its gold trading business. Through its subsidiaries, Nisun International has achieved cumulative revenue exceeding RMB 1.75 billion (approximately USD 240 million) in the centralized procurement, retail, and wholesale of gold produ ...

Core Insights - Nisun International's largest shareholder, Mr. Bodang Liu, has increased his ownership from 19.36% to 21.92% by purchasing 102,700 shares at an average price of $9.73, totaling approximately $999,156 [1] - The CEO of Nisun, Mr. Xin Liu, expressed gratitude for Mr. Liu's investment, indicating it reflects confidence in the company's business strategy and highlights the investment opportunity due to strong fundamentals and low valuation, with cash per share at approximately $29.0 [2] Company Overview - Nisun International is a technology-driven integrated supply chain solutions provider focused on transforming the corporate finance industry, offering professional solutions for technology supply chain management and digital transformation [3] - The company aims to strengthen and grow the industry by serving both upstream and downstream of the industrial supply chain while assisting with supply-side sub-sector reform [3]

ZTO Yunpei Signs Purchase Agreement with Nisun International, Driving Significant Expansion in China's Egg Market SHANGHAI, July 23, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun International" or the "Company") (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, is pleased to announce a significant milestone in its partnership with Zhejiang ZTO Yunpei Food Co., Ltd. ("ZTO Yunpei"), the supply chain company under ZTO Express, ...