Nisun International Enterprise Development Group Co., Ltd (NISN) experienced an increase of 8.76% in the premarket. However, the last trading session concluded at $9.02 with a decline of 44.15%.
Nine Months Operational Results – What’s new?
On 10th November 2021, NISN published its preliminary unaudited operational results for the nine months ending September 30, 2021. The Company produced about $58.4 million in revenue from Small and Medium Enterprise (SME) financing solutions services, as it provided complete financing solutions to SMEs in China seeking alternatives to bank funding.
For the nine months ending September 30, 2021, the total supply chain transaction volume was around $329.7 million. The introduction of the Company’s supply chain trading company after developing high-quality clients and resources through its supply chain solution business earned roughly $44.2 million in revenue from goods sales.
Conclusions by the company
The company is glad to report a strong profits quarter for the nine months ending September 30, 2021, with a net income of nearly $20 million. NISN will extend its total capabilities to better serve the existing clients as they continue to improve their core business. Simultaneously, they will continue to aggressively grow their client base and produce long-term value for the stockholders.
Collaboration of NISN with FISF of Fudan University
NISN announced on 10th November 2021 that it has formed a strategic partnership with Fudan University’s Fanhai International School of Finance to develop the Nisun Supply Chain Management Training Center. This collaboration intends to improve academic and professional training among students as well as expedite technical innovation research, which involves applying blockchain technology into supply chain management.
In order to meet the difficulties of increased efficiency, the two parties have agreed to work on talent development and coordinate programs such as research projects, new technologies, post-graduate internships, and financial conferences, among others.
The benefit of collaboration – What’s next?
NISN will be able to better stabilize its supply chain services as a result of this collaboration, as well as assist small and medium businesses with financing issues using modern technology. Simultaneously, this collaboration will provide FISF students with new possibilities in a variety of technological fields, as well as significant experience through real-world challenges and practice. Last but not least, NISN Supply Chain Management Training Center will bring together resources and generate useful advancements, adding to NISN’s overall supply chain ecosystem.