
Core Insights - Ning Sheng International (NISN) experienced a 2.33% increase in stock price, reaching $4.175 per share, with a total market capitalization of $20.03 million as of July 31 [1] - The company's total revenue for the year ending December 31, 2024, is projected to be $340 million, reflecting a year-on-year decrease of 12.01% [1] - The net profit attributable to shareholders is expected to be $5.7874 million, down 67.08% compared to the previous year [1] Company Overview - Ning Sheng International is a holding company registered in the British Virgin Islands, primarily operating through its domestic subsidiary, Fantake (Shanghai) Digital Technology Co., Ltd [1] - The company integrates advanced technologies such as big data, artificial intelligence, the Internet of Things, and blockchain into the financial industry, creating sub-sectors like credit technology, wealth technology, insurance technology, and asset management technology [1] - Fantake Digital Technology aims to build an open financial technology ecosystem, providing comprehensive solutions in technology, products, services, and clients for the digital transformation of financial institutions [1] Strategic Initiatives - The subsidiary brand, Huijing Society, represents a significant achievement in assisting financial institutions with their digital transformation [1] - Fantake Digital Technology is facilitating banks' transition from direct banking services to an open banking ecosystem, referred to as Banking 4.0 [1]