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 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 continue to develop business opportunities to work with other companies in the commodity market including steel, gold, chemicals, and agricultural 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 a 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. 

DISCLAIMER:

FrontPageStocks/CorporateAds.com (CA) is a third-party publisher and news dissemination service provider. FPS/CA is NOT affiliated in any manner with any company mentioned herein. FPS/CA is news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FPS/CA’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release or opinion of the writer. FPS/ CA is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. FPS/CA has been compensated $500 by the company for dissemination of this Article.

Disclaimer/Safe Harbor:

These news releases and postings may contain forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Media Contact
Company Name: Nisun International Enterprise Development Group Co., Ltd
Contact Person: Ms. Changjuan Liang Chief Financial Officer
Email: Send Email
Phone: +86 (21) 2357-0055
Address:No. 936, Jinhai 2nd Road Konggang New Area
City: Longwan
State: Wenzhou
Country: China
Website: http://ir.nisun-nasdaq.com/