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 products
since the business started in January
2023. This achievement underscores the Company's strategic
expansion and growing presence in the gold supply chain trading
sector.
"We are thrilled to reach this milestone, which reflects the
effectiveness of our strategic approach to diversifying our
business and enhancing our supply chain capabilities," said Mr.
Xin Liu, CEO of Nisun International.
"Our success in the gold market demonstrates our ability to
identify and capitalize on growth opportunities within the
commodity supply chain sector. This accomplishment is a testament
to our team's hard work and commitment to driving sustainable
growth."
Nisun International's subsidiaries have strategically positioned
themselves within the Shenzhen Shuibei International Jewelry
Trading Center, the largest and most comprehensive gold jewelry hub
in China. This center is a vital
marketplace, representing over 75% of China's gold jewelry market share and serving
as a barometer for the industry. By leveraging its presence in this
key market, Nisun International provides extensive raw material
support for both online and offline sales of its cooperative
enterprises, enhancing its ability to meet diverse customer needs
with efficiency and scale.
Nisun International's engagement at the Shenzhen Shuibei
International Jewelry Exchange Center allows the Company to fully
exploit its capabilities as a professional trading platform,
offering a "one-stop" procurement solution for clients. This
approach not only meets the procurement needs of customers
efficiently but also provides substantial economies of scale,
ensuring Nisun International remains a competitive force in the
gold market.
The Company's growth in the gold sector is aligned with its
broader strategy of integrating advanced technologies, such as
industrial digitalization and intelligent manufacturing, across its
diversified business segments. Nisun International is committed to
optimizing its cooperation mechanisms and resource allocation to
drive innovation and sustainable development in its supply chain
trading business.
"Our achievements in the gold market are a reflection of our
strategic initiatives aimed at enhancing our supply chain
operations and expanding our portfolio," added Mr. Liu. "By
focusing on innovation and market integration, we continue to
explore new avenues for growth, ultimately delivering greater value
to our shareholders."
As Nisun International continues to strengthen its foothold in
the gold market, the Company remains dedicated to exploring further
opportunities within the commodity supply chain sector, reinforcing
its commitment to innovation, excellence, and market
leadership.
About Nisun International Enterprise Development Group Co.,
Ltd
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, Nisun International
is dedicated to providing professional supply chain solutions to
Chinese and foreign enterprises and financial institutions. Through
its subsidiaries, Nisun International 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, Nisun International continues to deepen the field
of industry segmentation through industrial and financial
integration. Focusing on industry-finance linkages, Nisun
International aims to serve the upstream and downstream of the
industrial supply chain while also assisting with supply-side
sub-sector reform. For more information, please visit
http://ir.nisun-international.com/
Cautionary Note Regarding Forward-Looking
Statements
This press release contains information about
Nisun International 's view of its future
expectations, plans and prospects that constitute forward-looking
statements. Actual results may differ materially from historical
results or those indicated by these forward-looking statements as a
result of a variety of factors including, but not limited to, risks
and uncertainties associated with its ability to raise additional
funding, its ability to maintain and grow its business, variability
of operating results, its ability to maintain and enhance its
brand, its development and introduction of new products and
services, the successful integration of acquired companies,
technologies and assets into its portfolio of products and
services, marketing and other business development initiatives,
competition in the industry, general government regulation,
economic conditions, dependence on key personnel, the ability to
attract, hire and retain personnel who possess the technical skills
and experience necessary to meet the requirements of its clients,
and its ability to protect its intellectual property. Nisun
encourages you to review other factors that may affect its future
results in Nisun's registration statement and in its other filings
with the Securities and Exchange Commission. Nisun assumes no
obligation to update or revise its forward-looking statements as a
result of new information, future events or otherwise, except as
expressly required by applicable law.
Contacts
Nisun International Enterprise Development Group Co.,
Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com
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