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NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD

(NISN)
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Nisun International Enterprise Development Group Co., Ltd Announce Strategic Collaboration with Yingkou Yongxiang Logistics to Establish a Joint Venture, Liaogang Nisun Supply Chain Management Co, Ltd

10/04/2021 | 09:00am EST

Nisun International Enterprise Development Group Co. Ltd. announced a strategic collaboration with Yingkou Yongxiang Logistics to establish a joint venture, Liaogang Nisun (Yingkou) Supply Chain Management Co Ltd. ("Liaogang Nisun"). Liaogang Nisun will provide all-in-one smart logistics services for domestic trading and commits to building the first domestic smart supply chain provider with full-network and full-chain logistics capabilities. Under this agreement, the two parties will leverage their respective advantages to form an overlapping team to accelerate the integration and operations between supply and industrial chains as part of the new Liaogang Nisun business segment. As a "smart supply chain service provider" formed by both parties, Liaogang Nisun will benefit from the strong supply chain system of Nisun and the mature domestic container transportation services of Yongxiang Logistics. At the same time, Liaogang Nisun will further enhance its capabilities and temper its team while relying on the geographical advantages of Yingkou City's Bayuquan Domestic Trade Port to increase the flow of logistics and expand cargo volume, adding new value and expanding domestic trade service logistics. Meanwhile, utilizing the established domestic trade network in Yingkou City, Liaogang Nisun will start at Yingkou Port and use Dalian City as its comprehensive operations center to highlight the nation's domestic trade ports, extend its scope of multi-network coordination for domestic trade ports, and establish a multimodal integrated logistics system with a waterway transportation system at its core.


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Financials (USD)
Sales 2020 42,2 M - -
Net income 2020 -13,1 M - -
Net cash 2020 14,9 M - -
P/E ratio 2020 -25,9x
Yield 2020 -
Capitalization 162 M 162 M -
EV / Sales 2019 36,5x
EV / Sales 2020 7,25x
Nbr of Employees 736
Free-Float 41,4%
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Managers and Directors
Xiao Yun Huang Chairman & Chief Executive Officer
Changjuan Liang Chief Financial Officer
Xiao Liang Xue Chief Technology Officer
Hai Ying Xiang Independent Director
Xiaofeng Ma Independent Director