NISN Announced Fintech Digital Technology, a contractually-controlled affiliate of the Company, has entered into a strategic collaboration agreement with Shanxi Zhongneng Shanhua Energy Co., Ltd (“Zhongneng Shanhua”), a subsidiary of Shanxi Energy Group Co., Ltd. Under this agreement, the two parties will enter a joint cooperation to develop supply chain services targeting the coal industry.
Under this cooperation, Nisun will leverage its advantages in supply chain management to build an efficient, safe and credible digital supply chain system for Zhongneng Shanhua, using innovative technologies such as supply chain and big data algorithms. This new system is expected to accelerate the digital transformation of Zhongneng Shanhua’s upstream and downstream supply chain. Through this partnership, Nisun will promote the integration of its supply chain services in the coal industry and expand its customer base while improving client experiences through the technological expertise of
Zhongneng Shanhua. Mr. Xiaoyun Huang, Chairman and Chief Executive Officer of Nisun International, commented: “This partnership represents a new step and demonstrates the endorsement of our supply chain solutions and management capabilities by a province-owned enterprise. As China makes innovative application of
supply chain a national strategy, Nisun will continue to leverage our innovative expertise and technological capabilities in the supply chain business to provide more efficient and flexible products and services for our customers. Meanwhile, we are continue to develop business opportunities to working with other companies in the commodity market including steel, gold, chemicals and agriculturale goods companies.”
Shanxi Zhongneng Shanhua Energy Co., Ltd is a subsidiary of Shanxi Energy Group, a province-owned and operated coal enterprise. Its business encompasses the development of new energy technology, the coal industry, construction projects and electronic products.
NASDAQ Listed Technology Driven Integrated Supply Chain Solutions Provider for the International Finance Industry.
Linked Platform for Supply Chain, Banking, Securities, Trust, Insurance, Funds, State-Owned Enterprises and Other Businesses.
Strong Financial Results in 2020 Generating $42.2 Million Revenue.
Launched New Supply Chain Solutions Financing Business to Further Drive Overall Business Growth.
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its industry experience, NISN is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions.
Through its subsidiaries, NISN provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow.
At the same time, NISN continues to deepen the field of industry segmentation through industrial and financial integration, by cultivating/creating an ecosystem of openness and empowerment. NISN has built a linked platform that incorporates supply chain, banking, securities, trust, insurance, funds, state-owned enterprises, among other businesses. Focusing on industry-finance linkages, NISN aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform.
NISN has an attractive share structure with only 20,555,129 shares currently outstanding.
NISN Reports Fiscal Year 2020 Financial Results
On May 3rd NISN announced its audited financial results for the year ended December 31, 2020.
In 2020 the onset of the COVID-19 pandemic presented challenges to NISN and pushed the company to adapt and refine its business model to focus on SME financing and supply chain solutions. Amid the mergers and acquisitions and dispositions, NISN still delivered strong financial performance in the second half of 2020, as the business generated $42.2 million in revenue in the 2020 fiscal year.
Furthermore, NISN launched a new supply chain solutions financing business, which is likely to further drive overall business growth. Looking ahead to 2021, NISN remains committed to providing high-quality supply chain products and services to its clients.
For more information on Nisun International Enterprise Development Group Co., Ltd (NISN) visit http://.ir.nisun-nasdaq.com/index.html and http://www.fintaike.com
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