Financial Performance - Total revenues for June 2024 reached $192.54 million, a 51.7% increase from $126.94 million in June 2023[4] - Gross profit for June 2024 was $17.25 million, compared to $19.84 million in June 2023, reflecting a decrease of 12.9%[4] - Net income attributable to Nisun International's shareholders for June 2024 was $10.30 million, down from $11.32 million in June 2023, a decline of 8.9%[4] - The company reported a comprehensive income of $5.72 million for June 2024, compared to $3.14 million in June 2023, an increase of 82.3%[4] - Basic and diluted earnings per common share for June 2024 were $2.61, down from $2.87 in June 2023, a decrease of 9.1%[4] - Net income for June 2024 was $10,324,941, a decrease of 9.15% from $11,366,961 in June 2023[5] Assets and Liabilities - Total current assets decreased to $247.52 million in 2024 from $293.30 million in 2023, a reduction of 15.6%[1] - Total liabilities decreased significantly to $60.01 million in 2024 from $112.84 million in 2023, a decrease of 46.8%[1] - Cash and cash equivalents dropped to $47.86 million in 2024 from $114.45 million in 2023, a decline of 58.2%[1] - Accounts receivable increased to $31.90 million in 2024 from $21.12 million in 2023, an increase of 50.8%[1] - Retained earnings increased to $78.01 million in 2024 from $68.40 million in 2023, an increase of 14.5%[1] Cash Flow and Activities - Operating activities resulted in a net cash used of $(69,348,251) compared to a net cash provided of $57,224,015 in the same period last year[5] - Cash and cash equivalents at the end of June 2024 were $47,864,037, down from $106,637,712 in June 2023[5] - Total cash and cash equivalents and restricted cash decreased from $106,637,712 to $47,864,037 year-over-year[6] - The company reported a net cash provided by investing activities of $6,874,682, contrasting with $(7,016,381) in the previous year[5] Receivables and Payables - The company reported a significant increase in receivables from supply chain solutions, rising to $24,053,943 from $3,411,356[5] - Accounts payable increased substantially, reaching $(29,263,247) compared to $(1,839,578) in the previous year[5] Tax and Interest Expenses - The company incurred cash paid for income taxes amounting to $3,516,019, up from $1,560,580 in the prior year[6] - Cash paid for interest increased to $69,664 from $11,912 year-over-year[6] Exchange Rate Impact - The effect of exchange rate changes on cash and cash equivalents resulted in a decrease of $(2,165,168) compared to $(2,738,394) in the prior year[5]

Core Viewpoint - Nisun International reported a significant 52% increase in total revenue for the first half of 2024, driven by strong performance in its supply chain trading business, particularly in gold trading, while also initiating a $15 million share buyback program to enhance shareholder value [1][2][4][5]. Financial Highlights - Total revenue rose to $192.5 million from $126.9 million year-over-year [2]. - Supply chain trading business revenue surged by 114% to $142.1 million, up from $66.2 million [2]. - Revenue from SME financing services decreased by 16% to $48.5 million due to challenging market conditions [2]. - Supply chain financing solutions revenue fell by 30% to $1.9 million, also affected by market conditions [2]. - Net income was $10.3 million, down from $11.4 million in the prior year [2]. - Earnings per share decreased to $2.61 from $2.87 [2]. Operational Highlights - Cash and cash equivalents decreased to $47.8 million from $114.4 million at the end of 2023, primarily due to increased advances to suppliers [3]. - Operating expenses decreased by 31% to $5.7 million, with selling expenses down by 69% and general and administrative expenses reduced by 14% [3]. - A $15 million share buyback program was approved, reflecting the company's confidence in future growth [3][5]. Management Commentary - The CEO expressed satisfaction with the strong financial performance and highlighted the growth in the supply chain trading business, particularly in gold trading [4]. - The company is optimistic about the recovery of SME financing services due to recent government stimulus measures [4][5]. 2024 Outlook - The company expects continued momentum in its supply chain trading business through the second half of 2024 and into 2025, anticipating a more favorable environment for SME financing and supply chain financing solutions [6].

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 ...

Core Viewpoint - Nisun International expects to report record revenue of approximately $192.5 million for the first half of 2024, marking a 52% increase from $126.9 million in the same period last year, along with an expected earnings per share (EPS) of approximately $2.61 [1] Financial Performance - The anticipated revenue of $192.5 million represents a significant growth of 52% compared to the previous year's revenue of $126.9 million [1] - The expected EPS for the first half of 2024 is approximately $2.61 [1] Future Reporting - The company plans to release its full unaudited financial results for the first half of 2024 by October 15, 2024, and will host a conference call to discuss these results [3][4] 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 [5] - 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 [5]

Core Viewpoint - Nisun International Enterprise Development Group Co., Ltd. will release its financial results for the first half of 2024 on or before October 15, 2024, and will host its inaugural investor conference call to discuss these results and future outlook, marking a significant step towards enhancing transparency and engagement with investors [1][2]. Company Overview - Nisun International is a technology-driven integrated supply chain solutions provider focused on transforming the corporate finance industry, offering professional supply chain solutions to both Chinese and foreign enterprises and financial institutions [3]. - The company specializes in technology supply chain management, technology asset routing, and digital transformation for tech and finance institutions, aiming to strengthen and grow the industry [3]. - Nisun International is committed to deepening its involvement in industry segmentation through industrial and financial integration, focusing on industry-finance linkages to serve the upstream and downstream of the industrial supply chain [3].

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, ...

Core Viewpoint - Nisun International Enterprise Development Group Co., Ltd has regained compliance with Nasdaq's periodic filing requirements, indicating a positive development for the company [1]. Company Overview - Nisun is a technology-driven integrated supply chain solutions provider focused on transforming the corporate finance industry [2]. - The company offers professional supply chain solutions to both Chinese and foreign enterprises and financial institutions [2]. - Nisun's services include technology supply chain management, technology asset routing, and digital transformation for tech and finance institutions [2]. - The company aims to create an ecosystem of openness and empowerment through industrial and financial integration [2]. - Nisun has developed a linked platform that encompasses various sectors including supply chain, banking, securities, trust, insurance, and funds [2]. - The company's focus is on industry-finance linkages, serving both upstream and downstream of the industrial supply chain [2].