On June 8, 2024, Shanghai / PRNewswire / - Nisun International Enterprise Development Group Co., Ltd. ("Nisun International" or "the Company") (Nasdaq Code: NISN), an innovative comprehensive solution provider that integrates technology, industry, and investment, announced today that it has entered the egg industry and achieved breakthrough growth, making a significant breakthrough in the total scale of its business.
In just over a year since entering the egg industry, the company has achieved impressive results with a daily supply of more than 20 million eggs. This impressive performance highlights that the company's strategy of expanding its egg supply chain business and increasing brand awareness has initially succeeded.
After years of investigation and research, the company selected the egg business as one of its future business focus areas, hoping to achieve a strategic leap in business development by expanding its egg supply business. Currently, the company is taking a multi-pronged approach to promote growth, ensure quality and improve profit margins through joint procurement, bulk procurement and purchasing, cooperation with supply and marketing systems, and the development of its own brand retail business. Among them, the joint procurement model can achieve a daily supply of 3.6-6 million eggs, and the daily supply capacity of the bulk procurement and purchasing and supply and marketing system cooperation models are 3.8 million and 10 million eggs, respectively.
Nisun International hopes to enter the profitable egg market to strengthen its market position in the egg industry and contribute to promoting food safety and sustainable development. Nisun International is committed to providing local consumers with various reliable high-quality egg products to achieve long-term business growth and ultimately create more value for shareholders.
Introduction of Nisun International Enterprise Development Group Co., Ltd.
Nisun International Enterprise Development Group Co., Ltd. (NASDAQ: NISN) has always been technology-driven and integrates industry and finance. With mature and rich industry experience, Nisun International provides professional supply chain solutions for domestic and foreign enterprises and institutions. Nisun International uses its unique and innovative business model to provide users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of technology through its subsidiaries and controlling affiliated companies, empowering the industry to become stronger and bigger, and achieve sustainable development! At the same time, Nisun International continues to deep plow in the field of industrial segmentation, integrates industry and finance, focuses on the linkage between industry and finance, and serves the industrial supply chain upstream and downstream, helping the supply-side reform in the field of industrial segmentation! For more information, please visit.
Notes on forward-looking statements
This press release contains Nisun's views on its future expectations, plans, and prospects, which constitute the meaning of Section 27A of the Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act of 1934 (as amended) and forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Due to various factors, actual results may differ significantly from historical results or the results indicated by these forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to the ability to raise additional funds, the ability to maintain and develop its business, variability of operating results, the ability to maintain and enhance its brand, the development and introduction of new products and services, acquisitions by the company, successful integration of the technologies and assets of acquired companies with its own products and services, marketing and other business development initiatives, industry competition, general government regulations, economic conditions, dependence on key personnel, the ability to attract, employ and retain personnel with the necessary technical skills and experience to meet customer requirements, and the ability to protect its intellectual property rights. Nisun encourages you to review other factors that may affect its future results in its registration statement and other filings with the Securities and Exchange Commission. Nisun does not undertake any obligation to update or revise its forward-looking statements due to new information, future events, or other reasons.
Contact information
Nisun International Enterprise Development Group Co., Ltd.
Investor Relations
Phone: +86 (21) 2357-0055
Email: ir@cnisun.com
Ascent Investor Relations
Tina Xiao
Phone: +1 646-932-7242
Email: investors@ascent-ir.com