Company Anticipates Return to Growth in 2025
SHANGHAI, Jan. 24,
2025 /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, today announced its preliminary revenue
and earnings guidance for fiscal year 2024, along with key
strategic decisions that position the Company for long-term growth
and profitability.
PRELIMINARY 2024 FINANCIAL GUIDANCE
- Revenue: The Company expects to report revenues in the range of
USD 300 million to USD 350 million.
- Net Income: The Company anticipates net income in the range of
USD 11 million to USD 15 million.
- EPS: The Company anticipates EPS in the range of USD 2.6 USD 3.6.
- Annual Report: Nisun International expects to release its
annual report before the end of April
2025.
"Our preliminary forecasts underscore the progress we are making
in reshaping our business and highlight our commitment to enhancing
shareholder value," stated Xin Liu, Chief Executive Officer of
Nisun International.
STRATEGIC REVIEW AND BUSINESS REALIGNMENT
Following a comprehensive review of all business segments, Nisun
International has decided to reduce selected supply chain trading
businesses characterized by low margins and high capital
requirements. This move will enable the Company to better allocate
resources and capital toward areas offering higher returns and
sustainable growth.
FOCUS ON SUPPLY CHAIN FINANCING SOLUTIONS
Going forward, Nisun International will concentrate more on
supply chain financing solutions that incorporate a financing
component, such as accounts receivable (AR) factoring. These
services offer higher margins and lower capital risk by leveraging
a platform that arranges financing through third-party financial
institutions rather than using Nisun International's own
capital.
"Our recalibration toward supply chain financing solutions is a
direct response to market dynamics and our goal of delivering
stronger, more sustainable results," added Xin Liu. "We remain committed to innovation and
operational excellence as we reposition our Company for the
future."
EXPANSION OF KFC BUSINESS ON COLLEGE CAMPUSES
Nisun International is also encouraged by the initial success of
its KFC operations with its business partner on college campuses
and plans to expand this business in the near term. The Company
believes this initiative will serve as an additional growth driver,
complementing its other core lines of business. For more details on
the KFC business and its potential impact on Nisun International's
growth plans, please reference the Company's upcoming filings and
press releases.
OUTLOOK AND CONFIDENCE FOR 2025
With these strategic decisions and ongoing business successes,
Nisun International is confident in its ability to return to growth
in 2025. According to Xin Liu, "We
are forging a bright path forward—committed to innovation,
adaptability, and delivering value for our stakeholders."
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
International encourages you to review other factors that may
affect its future results in Nisun International 's registration
statement and in its other filings with the Securities and Exchange
Commission. Nisun International 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.
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SOURCE Nisun International Enterprise Development Group Co.,
Ltd.
