(Financial Report, August 9, 2023) Ningsheng International Enterprise Development Group Co., Ltd. is an innovative integrated solution provider integrating technology, industry and investment. The company announced its financial report for the full year ended December 31, 2022.

In 2022, the company's total revenue reached US$234.2 million, up 46% year on year from US$160.2 million in the same period last year, thanks to increased sales revenue from supply chain trade. Among them, supply chain trade business revenue reached 143.4 million US dollars, an increase of 110% over the same period last year of 68.1 million US dollars. Revenue from the financing solutions business reached US$90.8 million, a slight decrease of 1% from US$92.1 million in the same period last year. Revenue from the SME financing solutions business increased to US$87.3 million, compared to US$87.1 million in the same period last year. Supply chain finance solutions business revenue was US$3.5 million, down 28% from US$4.9 million in the same period last year. In 2022, the company achieved net profit of US$17.8 million, compared to US$30.5 million in the same period last year. The main reason for the decline in net profit is the significant increase in the cost of third-party channels.