[Financial Performance Overview](index=1&type=section&id=Financial%20Performance%20Overview) This section provides an overview of Nisun International's financial results for the fiscal year 2024, highlighting key performance indicators and management's strategic commentary [Management Commentary](index=1&type=section&id=Management%20Commentary) The CEO noted a challenging 2024 fiscal year due to China's economic slowdown, impacting SME financing and supply chain trading revenues, leading to strategic reductions in bulk trading volume - The economic slowdown in China led to a decline in revenue from SME financing solutions and supply chain trading, as both investors and SMEs became more risk-averse[3](index=3&type=chunk) - The company strategically scaled down its bulk trading volume to manage potential losses amidst high volatility in commodity market prices[3](index=3&type=chunk) - In the second half of 2024, the company expanded its supply chain financing business into the gold industry, which increased supply chain financing revenue by **$1.9 million** compared to the first half of the year[3](index=3&type=chunk) - Management believes its substantial cash position provides a solid foundation for navigating the current economic climate and investing for future growth[3](index=3&type=chunk) [Key Financial Highlights](index=1&type=section&id=Key%20Financial%20Highlights) For FY2024, Nisun International reported total revenue of **$340.2 million**, a **12% decrease**, with net income of **$5.9 million** and a strong cash position of **$45.0 million** FY 2024 Key Financial Metrics | Metric | FY 2024 | FY 2023 | | :--- | :--- | :--- | | Total Revenue | $340.2 million | $386.7 million | | Net Income | $5.9 million | $17.7 million | | Earnings Per Share (EPS) | $1.43 | $4.46 | | Cash, Cash Equivalents & Restricted Cash | $45.0 million | $114.7 million | - Net income for 2024 included significant non-cash expenses, specifically **$9.2 million** for share-based compensation and **$5.0 million** for provisions for bad debts[4](index=4&type=chunk) [Consolidated Financial Statements](index=4&type=section&id=Consolidated%20Financial%20Statements) This section presents the detailed consolidated financial statements, including statements of operations, balance sheets, and cash flows, for the fiscal year 2024 [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) Total revenues for 2024 decreased by **12%** to **$340.2 million**, gross profit fell by **23%** to **$30.9 million**, and net income significantly dropped to **$5.9 million** Revenue Breakdown (USD) | Revenue Source | 2024 | 2023 | Change YoY | | :--- | :--- | :--- | :--- | | SME financing solutions | $84.3 million | $101.8 million | -17.2% | | Supply Chain financing solutions | $5.7 million | $6.2 million | -7.2% | | Supply chain trading business | $250.2 million | $278.7 million | -10.2% | | **Total Revenues** | **$340.2 million** | **$386.7 million** | **-12.0%** | Profitability Metrics (USD) | Metric | 2024 | 2023 | Change YoY | | :--- | :--- | :--- | :--- | | Gross Profit | $30.9 million | $40.0 million | -22.7% | | Income from Operations | $3.6 million | $18.8 million | -81.0% | | Net Income | $5.9 million | $17.7 million | -66.7% | - General and administrative expenses increased from **$10.9 million** in 2023 to **$19.2 million** in 2024, while bad debt expense more than doubled to **$5.0 million**[16](index=16&type=chunk) [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) As of December 31, 2024, total assets decreased to **$271.4 million** due to lower cash, while total liabilities nearly halved to **$60.3 million**, leading to increased shareholders' equity Key Balance Sheet Items (USD) | Account | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $45.0 million | $114.5 million | | Advance to suppliers, net | $92.3 million | $38.6 million | | Total Assets | $271.4 million | $315.9 million | | **Liabilities** | | | | Advances from customers | $7.5 million | $38.2 million | | Total Liabilities | $60.3 million | $112.8 million | | **Equity** | | | | Total Shareholders' Equity | $211.1 million | $203.1 million | - There was a significant strategic shift in current assets, with cash decreasing by **$69.4 million** while 'Advance to suppliers' increased by **$53.7 million**[14](index=14&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) In 2024, the company experienced a net cash outflow from operating activities of **$75.7 million**, primarily driven by increases in advances to suppliers and accounts receivable, resulting in a **$69.6 million** decrease in cash Cash Flow Summary (USD) | Cash Flow from | 2024 | 2023 | | :--- | :--- | :--- | | Operating Activities | $(75.7 million) | $35.5 million | | Investing Activities | $6.0 million | $19.8 million | | Financing Activities | $(0.7 million) | $(6.7 million) | | **Net (Decrease) in Cash** | **$(69.6 million)** | **$47.3 million** | - Management characterized the large cash outflow from operations as a strategic deployment of capital to secure inventory and fulfill expanding customer demand, laying the groundwork for future growth[10](index=10&type=chunk) - The primary drivers of the negative operating cash flow were significant increases in 'Advance to suppliers' (**$56.2M**) and 'Accounts receivable' (**$34.6M**), which were partially offset by increases in 'Receivables from supply chain solutions' (**$34.0M**) and 'Inventories' (**$29.8M**)[18](index=18&type=chunk)

[General Information & Corporate Structure](index=9&type=section&id=Item%203.%20Key%20Information) Nisun International operates as a BVI holding company, conducting primary operations in China through VIEs due to foreign investment restrictions [Corporate Structure and VIE Arrangements](index=9&type=section&id=Our%20Corporate%20Structure%20and%20Contractual%20Arrangements) Nisun International operates in China via VIEs controlled by contractual arrangements, not direct equity, posing risks due to PRC law interpretation - Nisun International is a BVI holding company, not a direct PRC operating company. Its operations are conducted through PRC subsidiaries and Variable Interest Entities (VIEs) due to PRC laws restricting foreign investment in businesses like internet and value-added telecommunication services[32](index=32&type=chunk) - The company relies on a series of contractual arrangements (equity interest holder voting rights proxy agreements, exclusive equity purchase option agreements, service agreements, and equity interest pledge agreements) to exercise effective control over its VIEs and consolidate their financial results under U.S. GAAP[34](index=34&type=chunk)[35](index=35&type=chunk) - Investors in Nisun's common shares are acquiring an interest in a BVI holding company and do not hold direct equity in the PRC-based consolidated affiliated entities. This structure carries risks related to the enforceability of the contractual arrangements and potential adverse actions from the PRC government[32](index=32&type=chunk)[36](index=36&type=chunk) [Business Overview](index=48&type=section&id=Item%204.%20Information%20on%20the%20Company) Nisun International transitioned from equipment manufacturing to integrated financial and supply chain services in China [Company History and Development](index=48&type=section&id=A.%20History%20and%20Development%20of%20the%20Company) The company rebranded to Nisun International in 2020, shifting from equipment manufacturing to financial services, and executed a reverse stock split in 2023 - The company changed its name from "Hebron Technology Co., Ltd." to "Nisun International Enterprise Development Group Co., Ltd" in November 2020, reflecting its strategic shift to a core financial services business[225](index=225&type=chunk) - In November 2020, the company completed the disposition of its legacy equipment and engineering business (Xibolun Group) to streamline operations and focus on its new financial and supply chain services[227](index=227&type=chunk)[228](index=228&type=chunk) - A one-for-ten reverse stock split was effected on May 18, 2023, to regain compliance with NASDAQ's minimum bid price requirement[236](index=236&type=chunk) [Business Operations and Strategy](index=54&type=section&id=B.%20Business%20Overview) Nisun International provides technology-driven SME and supply chain financing and trading solutions, focusing on ecosystem expansion and fintech innovation - The company's core business segments are SME Financing Solutions, Supply Chain Financing Solutions, and Supply Chain Trading, aiming to integrate supply chain management with financial services[237](index=237&type=chunk)[251](index=251&type=chunk)[255](index=255&type=chunk)[258](index=258&type=chunk) Revenue Breakdown by Activity (FY2024) | Activity | Revenue % | | :--- | :--- | | SME Financing Solutions | 25% | | Supply Chain Solutions | 2% | | Supply Chain Trading | 73% | - Key strategies include expanding the scale of its financing and trading ecosystems, focusing on industry segmentation, deepening relationships with Government-Owned Enterprises (GOEs), driving innovation in financial technologies, and pursuing strategic acquisitions[245](index=245&type=chunk) [Organizational Structure](index=87&type=section&id=C.%20Organizational%20Structure) Nisun International, a BVI holding company, controls PRC operations through offshore and PRC subsidiaries, primarily via VIEs under contractual arrangements - The company is a BVI holding company that controls its PRC operations through a network of subsidiaries and VIEs[376](index=376&type=chunk) - The organizational chart illustrates a multi-layered structure where Nisun International controls PRC-based Wholly Foreign-Owned Enterprises (WFOEs) through intermediate holding companies, and these WFOEs in turn control the operating VIEs via contractual agreements[377](index=377&type=chunk) [Financial Performance and Operating Review](index=88&type=section&id=Item%205.%20Operating%20and%20Financial%20Review%20and%20Prospects) The company's FY2024 financial performance saw revenue and net income declines, alongside increased operating expenses and reduced liquidity [Selected Financial Data](index=14&type=section&id=A.%20Selected%20Consolidated%20Financial%20Data) The company's FY2024 consolidated financials show $340.2 million in revenue, $5.9 million net income, and $271.4 million in total assets Consolidated Balance Sheet Highlights (As of Dec 31, 2024) | Metric | Amount (USD) | | :--- | :--- | | Total Current Assets | $251,329,247 | | Total Assets | $271,421,286 | | Total Liabilities | $60,292,176 | | Total Shareholders' Equity | $211,129,110 | Consolidated Operations Highlights (FY 2024) | Metric | Amount (USD) | | :--- | :--- | | Total Revenue | $340,219,546 | | Gross Profit | $30,912,021 | | Net Income | $5,899,791 | | Net Income attributable to Nisun shareholders | $5,787,416 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=88&type=section&id=Operating%20and%20Financial%20Review%20and%20Prospects) FY2024 revenue decreased 12% to $340.2 million, net income fell 67% to $5.9 million, and operating expenses rose 29% due to non-cash and bad debt expenses FY2024 vs FY2023 Financial Highlights | Metric | 2024 | 2023 | Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | $340.2M | $386.7M | (12)% | | Gross Profit | $30.9M | $39.9M | (23)% | | Income from Operations | $3.6M | $18.8M | (81)% | | Net Income | $5.9M | $17.7M | (67)% | - The **12% revenue decrease** in FY2024 was driven by a **17% drop in SME financing solutions** and a **10% drop in supply chain trading**, attributed to a broader economic slowdown in China and a more cautious approach from investors and SMEs[388](index=388&type=chunk)[389](index=389&type=chunk)[391](index=391&type=chunk) - Operating expenses rose **29%** in FY2024, mainly due to a **$9.2 million non-cash expense** for employee equity incentive plan grants. Bad debt expenses also increased **127% to $5.0 million**, primarily from provisions for long-outstanding advances for goods[400](index=400&type=chunk)[402](index=402&type=chunk)[405](index=405&type=chunk) [Liquidity and Capital Resources](index=94&type=section&id=Liquidity%20and%20Capital%20Resources) Cash and equivalents decreased to $45.0 million by year-end 2024 due to operating cash outflow, with dividend payments restricted by PRC regulations - Cash and equivalents decreased from **$114.7 million** at year-end 2023 to **$45.0 million** at year-end 2024. The decline was primarily due to a **$75.7 million net cash outflow** from operating activities[412](index=412&type=chunk)[418](index=418&type=chunk)[419](index=419&type=chunk) - The company's ability to pay dividends is limited by PRC laws requiring subsidiaries to set aside at least **10% of after-tax profits** for a statutory reserve until it reaches **50% of registered capital**. As of Dec 31, 2024, these restricted net assets totaled **$78.4 million**[432](index=432&type=chunk)[827](index=827&type=chunk)[828](index=828&type=chunk) - The company has not declared or paid any cash dividends and intends to retain future earnings for business expansion[416](index=416&type=chunk)[504](index=504&type=chunk) [Risk Factors](index=17&type=section&id=Item%203.%20Key%20Information%E2%80%94D.%20Risk%20Factors) The company faces significant risks from its limited operating history, customer concentration, capital-intensive operations, and complex PRC regulatory environment [Business and Industry Risks](index=20&type=section&id=Risks%20Relating%20to%20Our%20Business%20and%20Industry) The company faces risks from its limited operating history in evolving industries, intense competition, customer concentration, and capital-intensive operations - The company has a limited operating history in the rapidly evolving supply chain and financial services industries, facing uncertainties from changing financial technologies and industry practices[77](index=77&type=chunk)[81](index=81&type=chunk) - Customer concentration is a key risk. In FY2024, **four customers accounted for a combined 70%** of the financial services business revenue, and **two customers accounted for a combined 36%** of the supply chain trading business revenue[109](index=109&type=chunk)[265](index=265&type=chunk) - The supply chain financing solutions services are capital-intensive. An inability to maintain the necessary level of capital and funding sources to support these services would harm the business[111](index=111&type=chunk) [Risks of Doing Business in China](index=31&type=section&id=Risks%20Relating%20to%20Doing%20Business%20in%20China) Operations in China expose the company to evolving legal frameworks, government intervention, data security scrutiny, and potential delisting risks under HFCAA - The PRC government has significant oversight and may intervene in the company's operations or exert more control over overseas offerings, which could result in a material adverse change in operations and cause the value of its securities to decline or become worthless[140](index=140&type=chunk) - The Holding Foreign Companies Accountable Act (HFCAA) could lead to trading prohibitions on U.S. exchanges if the PCAOB is unable to inspect the company's auditors for two consecutive years. The company's current auditor, Enrome LLP, is based in Singapore and is not currently subject to this restriction[48](index=48&type=chunk)[157](index=157&type=chunk)[158](index=158&type=chunk) - PRC regulations on foreign exchange control may limit the ability of the company's PRC subsidiaries to make dividend payments and other distributions to the offshore parent company, potentially affecting its ability to fund operations and meet financing requirements[160](index=160&type=chunk)[183](index=183&type=chunk) [Corporate Structure Risks (VIE)](index=43&type=section&id=Risks%20Relating%20to%20Our%20Corporate%20Structure) Reliance on VIE contractual arrangements poses risks due to uncertain PRC law interpretation, potential non-compliance penalties, and conflicts of interest with VIE shareholders - The company's VIE structure is subject to uncertainties regarding the interpretation and implementation of the PRC Foreign Investment Law, which could potentially classify the contractual arrangements as a form of foreign investment and lead to non-compliance issues[195](index=195&type=chunk) - If the PRC government finds that the contractual arrangements do not comply with PRC laws, the company could face severe penalties, including fines, revocation of business licenses, or being forced to restructure or relinquish its interests in the VIEs[196](index=196&type=chunk)[199](index=199&type=chunk) - The company's control over its VIEs depends on the performance of contractual obligations by the VIEs and their shareholders, who may have potential conflicts of interest that could adversely affect the business[200](index=200&type=chunk)[202](index=202&type=chunk) [Governance and Management](index=97&type=section&id=Item%206.%20Directors%2C%20Senior%20Management%20and%20Employees) The company's governance structure includes a board with independent directors and staggered terms, with executive compensation tied to equity awards [Directors and Senior Management](index=97&type=section&id=A.%20Directors%20and%20Management) The company's board comprises seven members, including four independent directors, with staggered terms designed to promote stability - Key executives include Jinbao Li (Chairman of the Board), Xin Liu (Chief Executive Officer and Director), and Changjuan Liang (Chief Financial Officer)[439](index=439&type=chunk) - The Board of Directors consists of seven members, with a majority of four independent directors: Christian DeAngelis, Jing Li, Sheng Tang, and Haiying Xiang[450](index=450&type=chunk) - The board is divided into three staggered classes with terms expiring in 2025, 2026, and 2027, which may reduce the possibility of a tender offer or an attempt at a change in control[216](index=216&type=chunk)[451](index=451&type=chunk) [Compensation](index=102&type=section&id=B.%20Compensation) Executive compensation includes base salary and equity awards, with a clawback policy implemented for financial restatements 2024 Executive Compensation | Name and Principal Position | Fiscal Year | Salary ($) | Stock Awards ($) | Total ($) | | :--- | :--- | :--- | :--- | :--- | | Xin Liu, Chief Executive Officer | 2024 | 83,383 | 2,734,200 | 2,817,583 | | Jinbao Li, Chairman of the Board | 2024 | 83,383 | 1,822,800 | 1,906,183 | | Changjuan Liang, Chief Financial Officer | 2024 | 72,087 | - | 72,087 | - On September 12, 2024, the company granted stock awards totaling **700,000 Class A common shares** to six officers and employees under its 2022 Equity Incentive Plan[480](index=480&type=chunk) - The company adopted a compensation clawback policy in November 2023, allowing it to recoup erroneously awarded incentive-based compensation from executives in the event of an accounting restatement[481](index=481&type=chunk) [Major Shareholders and Related Party Transactions](index=104&type=section&id=Item%207.%20Major%20Shareholders%20and%20Related%20Party%20Transactions) NiSun International Enterprise Management Group is the largest shareholder, with significant related party transactions subject to Audit Committee approval - The largest shareholder is NiSun International Enterprise Management Group Co., Ltd (a Cayman company indirectly owned by Mr. Bodang Liu), holding **777,840 shares**, which constitutes **16.21%** of the company's outstanding shares[488](index=488&type=chunk)[491](index=491&type=chunk) - Chairman of the Board, Jinbao Li, beneficially owns **296,272 shares**, representing a **6.17% ownership stake**[488](index=488&type=chunk)[491](index=491&type=chunk) - The company engages in related party transactions, including renting an office to Nisun Agricultural, an affiliate. This arrangement generated **$229,494** in rental income for the company in FY2024[493](index=493&type=chunk)[494](index=494&type=chunk)[817](index=817&type=chunk) [Regulatory and Compliance](index=74&type=section&id=Regulatory%20and%20Compliance) The company navigates complex PRC regulations on foreign investment, data security, and overseas listings, impacting its operational and financial flexibility [PRC Regulations](index=74&type=section&id=Regulation) PRC regulations on foreign investment, telecommunications, data security, and overseas listings significantly impact the company's VIE structure and operations - Foreign investment is regulated by the "Special Administrative Measures for Foreign Investment Access (Negative List)", which restricts foreign ownership in value-added telecommunications services (with some exceptions) to **50%**, a key reason for the company's use of a VIE structure[293](index=293&type=chunk)[301](index=301&type=chunk) - The company is subject to China's data security legal framework, including the Cybersecurity Law, the Data Security Law, and the Personal Information Protection Law. These laws impose strict obligations on data collection, storage, and cross-border transfer, and may require a cybersecurity review for overseas listings[313](index=313&type=chunk)[322](index=322&type=chunk)[324](index=324&type=chunk)[335](index=335&type=chunk) - The CSRC's Trial Measures for overseas listings, effective March 31, 2023, require PRC-based companies to complete a filing procedure with the CSRC for both initial and subsequent overseas securities offerings[44](index=44&type=chunk)[354](index=354&type=chunk) [Internal Controls and Procedures](index=118&type=section&id=Item%2015.%20Controls%20and%20Procedures) Management identified material weaknesses in internal controls due to inadequate accounting personnel and delayed SEC filings, with remediation efforts underway - Management identified two material weaknesses as of December 31, 2024: (1) inadequate internal accounting personnel with sufficient knowledge of U.S. GAAP and SEC reporting standards, and (2) the failure to file the annual report on Form 20-F for the year ended December 31, 2023, on time[582](index=582&type=chunk) - Due to these material weaknesses, the CEO and CFO concluded that the company's disclosure controls and procedures were ineffective as of the end of the fiscal year[580](index=580&type=chunk) - Remediation plans are underway and include establishing a dedicated financial reporting team and implementing a formal training program for accounting personnel on U.S. GAAP and SEC requirements[581](index=581&type=chunk)[591](index=591&type=chunk) [Auditor Information](index=119&type=section&id=Item%2016C.%20Principal%20Accountant%20Fees%20and%20Services) The company has undergone recent auditor changes, appointing Enrome LLP in June 2024, with audit fees detailed for fiscal years 2023 and 2024 - The company has changed its independent registered public accounting firm twice in a short period, dismissing Wei, Wei & Co., LLP on October 12, 2023, and then dismissing its successor, Yu Certified Public Accountant PC, on June 1, 2024, appointing Enrome LLP on the same day[601](index=601&type=chunk)[603](index=603&type=chunk) Audit Fees | Firm | Fiscal Year | Fees ($) | | :--- | :--- | :--- | | Enrome LLP | 2024 | 470,000 | | Enrome LLP | 2023 | 330,000 | | Yu CPA PC | 2023 | 480,000 | [Cybersecurity](index=122&type=section&id=Item%2016K.%20Cybersecurity) The company maintains a board-overseen cybersecurity framework with internal management and no material incidents reported to date - The Board of Directors has ultimate oversight responsibility for cybersecurity risks, while the management team, led by the CEO and CFO, is responsible for assessing, identifying, and managing these risks[614](index=614&type=chunk) - The company has developed a cybersecurity threat defense system and has not engaged third parties for its risk assessment processes. It relies on internal monitoring, procedural protocols, and employee training[612](index=612&type=chunk)[613](index=613&type=chunk) - As of the date of the report, the company has not experienced any material cybersecurity incidents or identified any threats that are reasonably likely to materially affect its business, operations, or financial condition[613](index=613&type=chunk)[615](index=615&type=chunk)

Core Viewpoint - Nisun International Enterprise Development Group Co., Ltd will report its audited financial results for the full year ended December 31, 2024, on April 29, 2025, after market close [1] Group 1: Financial Reporting - The financial results will be discussed in a conference call scheduled for April 29, 2025, at 4:30 p.m. New York Time [2][7] - A replay of the conference call will be available for 7 days starting April 30, 2025 [4] Group 2: Company Overview - Nisun International is a technology-driven integrated supply chain solutions provider focused on transforming the corporate finance industry [5] - The company aims to provide professional supply chain solutions to both Chinese and foreign enterprises and financial institutions [5] - Nisun International emphasizes industry-finance linkages and aims to assist with supply-side sub-sector reform [5]

Core Viewpoint - Nisun International has formed a strategic partnership with Gold of China to expand its gold business segment, aiming for projected sales of $30 to $50 million in 2025, capitalizing on rising gold prices and market demand [1][4]. Industry Overview - Gold has become a premier safe-haven asset, with prices reaching record highs in 2025, increasing nearly 11% year-to-date after a 27% rise in 2024, attracting global investor interest [2]. - The partnership aims to leverage the booming gold market, combining Nisun International's supply chain management with Gold of China's expertise in gold jewelry [3]. Company Strategy - The collaboration will create a comprehensive gold service platform, enhancing Nisun International's competitive edge and delivering high-quality products and services [3]. - Key initiatives include optimizing procurement processes for reliable gold sourcing, introducing innovative marketing strategies for retail, and expanding wholesale operations [7]. Management Insights - The CEO of Nisun International highlighted the transformative opportunity presented by the gold market's growth, emphasizing the potential for significant sales increases and value creation for stakeholders [4]. Market Reception and Future Plans - The strategic move into the gold industry has received positive market recognition, with plans to deepen collaboration with Gold of China and explore new opportunities for innovation [5].

Core Viewpoint - The company anticipates significant growth in 2025, projecting revenue between $420 million and $510 million and net profit between $16 million and $20 million, driven by strategic initiatives in supply chain financing, small and medium enterprise financing, and KFC franchise expansion [1][2]. Group 1: Supply Chain Financing Solutions - The supply chain financing solutions business is expected to grow by over 36% year-over-year, supported by strategic initiatives aimed at optimizing customer service and expanding business channels [4][3]. - The company has successfully attracted new customers, positioning itself for substantial growth in this sector [3]. Group 2: Small and Medium Enterprise Financing Solutions - The outlook for small and medium enterprise financing solutions remains optimistic, with expected growth of 20%-30% in 2025, bolstered by recent government stimulus policies that enhance market confidence [5][6]. - The company is well-positioned to capitalize on emerging opportunities and strengthen its market share in this area [6]. Group 3: KFC Franchise Expansion - The company's entry into the KFC franchise business is projected to significantly contribute to growth, with plans to add 50 KFC restaurants in the university market in 2025, potentially generating $30 million to $40 million in revenue [7][9]. - The average daily revenue for college KFC stores is estimated to be between $2,061 and $2,518, with a net profit margin of about 15% [9]. Group 4: Strategic Partnerships and Market Expansion - The company has entered into strategic partnerships, including a cooperation agreement for traditional Chinese medicine materials and a partnership in the rubber supply chain market, which will diversify its offerings [8]. - The company is also expanding its corn purchase and sales business, indicating a broadening of its supply chain capabilities [8]. Group 5: Overall Growth Outlook - The company expects overall performance to increase by 25%-50% year-over-year in 2025, driven by strong growth momentum across its core businesses [11]. - The CEO expressed confidence in the company's strategic initiatives and their potential to drive long-term growth and shareholder value [12].

Core Viewpoint - Nisun International anticipates a return to growth in 2025, supported by strategic decisions and a focus on enhancing shareholder value [1][6]. Preliminary 2024 Financial Guidance - The company expects revenues between USD 300 million and USD 350 million, with net income projected between USD 11 million and USD 15 million, and EPS anticipated in the range of USD 2.6 to USD 3.6 [7]. Strategic Review and Business Realignment - Following a comprehensive review, the company will reduce low-margin supply chain trading businesses to better allocate resources towards higher-return areas [3]. Focus on Supply Chain Financing Solutions - The company will concentrate on supply chain financing solutions, such as accounts receivable factoring, which offer higher margins and lower capital risk by leveraging third-party financing [4][5]. Expansion of KFC Business on College Campuses - The company plans to expand its KFC operations on college campuses, viewing this initiative as a potential growth driver alongside its core business lines [5]. Outlook and Confidence for 2025 - With strategic decisions and ongoing successes, the company expresses confidence in its ability to return to growth in 2025, emphasizing innovation and adaptability [6].

SHANGHAI, Dec. 17, 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 additional share repurchases under its $15 million share buyback program, which was announced on October 9, 2024.   As of December 17, 2024, the Company has repurchased a total of 121,341 shares at an average price of $8.68 per share, for a total of $1.05 million ...

SHANGHAI, Dec. 2, 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 a significant expansion into the agricultural supply chain with a strategic cooperation agreement with Henan Yingda Feng Agricultural Development Co., Ltd. ("Henan Yingda Feng"). The agreement, which involves the annual supply of 200,000 tons of corn products, is ...

SHANGHAI, Nov. 11, 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 its acquisition of a minority stake in Nanjing Pin Bai Sheng Catering Management Co., Ltd. ("Nanjing Pin Bai Sheng"), a prominent franchisee and partner in China's thriving food and beverage sector. This strategic investment aligns with Nisun International' ...

SHANGHAI, Nov. 5, 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 the signing of strategic partnership agreements with Shandong Hi-Speed Qingdao West Coast Port Co., Ltd., Shanneng (Qingdao) Smart Industrial Technology Co., Ltd., and Ningbo Weiduoduo New Material Technology Co., Ltd. These agreements mark Nisun Internatio ...