NISN
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.
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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.
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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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