Nisun International Enterprise Development Group Co., Ltd Reports Full Year 2024 Financial Results
Nisun International reported its full year 2024 financial results, showing resilience despite challenging economic conditions. The company posted total revenue of $340.2 million, a 12% decrease from 2023, with net income of $5.9 million and earnings per share of $1.43.
Key financial highlights:
- Strong cash position of $45.0 million ($11.11 per share)
- Gross profit of $30.9 million, down 23% from 2023
- Operating income decreased 81% to $3.6 million
The company strategically scaled down bulk trading volume to minimize losses during China's economic slowdown. Notable developments include expansion into the gold industry supply chain financing business, generating a $1.9 million revenue increase in H2 2024. Management remains focused on technology-driven integrated supply chain financing solutions, maintaining a positive outlook despite current market challenges.
Nisun International ha comunicato i risultati finanziari dell'intero anno 2024, dimostrando resilienza nonostante le difficili condizioni economiche. L'azienda ha registrato un fatturato totale di 340,2 milioni di dollari, in calo del 12% rispetto al 2023, con un utile netto di 5,9 milioni di dollari e un utile per azione di 1,43 dollari.
Punti salienti finanziari:
- Solida posizione di cassa di 45,0 milioni di dollari (11,11 dollari per azione)
- Margine lordo di 30,9 milioni di dollari, in diminuzione del 23% rispetto al 2023
- Reddito operativo in calo dell'81% a 3,6 milioni di dollari
L'azienda ha ridotto strategicamente il volume delle transazioni all'ingrosso per minimizzare le perdite durante il rallentamento economico cinese. Tra gli sviluppi più rilevanti vi è l'espansione nel settore del finanziamento della catena di approvvigionamento dell'oro, che ha generato un incremento dei ricavi di 1,9 milioni di dollari nella seconda metà del 2024. La direzione rimane focalizzata su soluzioni integrate di finanziamento della catena di approvvigionamento basate sulla tecnologia, mantenendo una prospettiva positiva nonostante le sfide attuali del mercato.
Nisun International informó sus resultados financieros del año completo 2024, mostrando resiliencia a pesar de las condiciones económicas desafiantes. La compañía registró ingresos totales de 340,2 millones de dólares, una disminución del 12% respecto a 2023, con un ingreso neto de 5,9 millones de dólares y ganancias por acción de 1,43 dólares.
Puntos financieros clave:
- Posición de efectivo sólida de 45,0 millones de dólares (11,11 dólares por acción)
- Beneficio bruto de 30,9 millones de dólares, una caída del 23% respecto a 2023
- Ingreso operativo disminuyó un 81% a 3,6 millones de dólares
La empresa redujo estratégicamente el volumen de comercio a granel para minimizar pérdidas durante la desaceleración económica en China. Entre los desarrollos destacados se encuentra la expansión en el negocio de financiamiento de la cadena de suministro de la industria del oro, que generó un aumento de ingresos de 1,9 millones de dólares en el segundo semestre de 2024. La dirección sigue enfocada en soluciones integradas de financiamiento de la cadena de suministro impulsadas por tecnología, manteniendo una perspectiva positiva a pesar de los desafíos actuales del mercado.
Nisun International은 2024년 전체 재무 실적을 발표하며 어려운 경제 환경 속에서도 견고한 모습을 보였습니다. 회사는 총 매출액 3억 4,020만 달러를 기록했으며, 이는 2023년 대비 12% 감소한 수치입니다. 순이익은 590만 달러, 주당순이익은 1.43달러였습니다.
주요 재무 하이라이트:
- 튼튼한 현금 보유액 4,500만 달러 (주당 11.11달러)
- 매출총이익 3,090만 달러, 2023년 대비 23% 감소
- 영업이익은 81% 감소한 360만 달러
회사는 중국 경제 둔화에 대응해 대량 거래량을 전략적으로 축소하여 손실을 최소화했습니다. 주요 발전 사항으로는 금 산업 공급망 금융 사업으로의 확장이 있으며, 2024년 하반기에 190만 달러의 매출 증가를 기록했습니다. 경영진은 기술 중심의 통합 공급망 금융 솔루션에 집중하며, 현재 시장의 도전에도 불구하고 긍정적인 전망을 유지하고 있습니다.
Nisun International a publié ses résultats financiers pour l'année complète 2024, montrant une résilience malgré des conditions économiques difficiles. La société a enregistré un chiffre d'affaires total de 340,2 millions de dollars, soit une baisse de 12 % par rapport à 2023, avec un bénéfice net de 5,9 millions de dollars et un bénéfice par action de 1,43 dollar.
Points financiers clés :
- Position de trésorerie solide de 45,0 millions de dollars (11,11 dollars par action)
- Marge brute de 30,9 millions de dollars, en baisse de 23 % par rapport à 2023
- Résultat d'exploitation en baisse de 81 % à 3,6 millions de dollars
L'entreprise a réduit stratégiquement le volume des transactions en gros afin de minimiser les pertes durant le ralentissement économique chinois. Parmi les développements notables figure l'expansion dans le financement de la chaîne d'approvisionnement de l'industrie de l'or, générant une augmentation des revenus de 1,9 million de dollars au second semestre 2024. La direction reste concentrée sur des solutions de financement intégrées et technologiques pour la chaîne d'approvisionnement, maintenant une perspective positive malgré les défis actuels du marché.
Nisun International veröffentlichte die Finanzergebnisse für das Gesamtjahr 2024 und zeigte dabei Widerstandsfähigkeit trotz schwieriger wirtschaftlicher Bedingungen. Das Unternehmen erzielte einen Gesamtumsatz von 340,2 Millionen US-Dollar, was einem Rückgang von 12 % gegenüber 2023 entspricht, mit einem Nettogewinn von 5,9 Millionen US-Dollar und einem Gewinn je Aktie von 1,43 US-Dollar.
Wesentliche finanzielle Highlights:
- Starke Barposition von 45,0 Millionen US-Dollar (11,11 US-Dollar pro Aktie)
- Bruttogewinn von 30,9 Millionen US-Dollar, Rückgang um 23 % gegenüber 2023
- Betriebsergebnis sank um 81 % auf 3,6 Millionen US-Dollar
Das Unternehmen reduzierte strategisch das Handelsvolumen im Großhandel, um Verluste während der wirtschaftlichen Abschwächung in China zu minimieren. Bedeutende Entwicklungen umfassen die Expansion in das Finanzierungsgeschäft der Lieferkette der Goldindustrie, was im zweiten Halbjahr 2024 einen Umsatzanstieg von 1,9 Millionen US-Dollar generierte. Das Management bleibt auf technologiegetriebene integrierte Finanzierungslösungen für die Lieferkette fokussiert und behält trotz der aktuellen Marktbedingungen eine positive Perspektive bei.
- Strong cash position of $45 million ($11.11 per share)
- Positive net income of $5.9 million in 2024
- Positive EPS of $1.43
- Successfully expanded supply chain financing into gold industry with $1.9M revenue increase in H2 2024
- Revenue declined 12% to $340.2M from $386.7M YoY
- Net income dropped 67% from $17.7M to $5.9M YoY
- EPS decreased 68% from $4.46 to $1.43 YoY
- Operating income fell 81% to $3.6M from $18.8M YoY
- Gross profit decreased 23% to $30.9M from $39.9M YoY
- Negative operating cash flow of $75.7M
- $9.2M non-cash expenses for share-based compensation
- $5.0M provisions for bad debts
Insights
Nisun shows resilience with positive earnings amid 12% revenue decline; substantial cash position provides buffer as operations significantly deteriorate.
Nisun International's 2024 financial results reveal a challenging year with revenue declining 12% to
The substantial cash position of
The headline numbers mask some nuance. Non-cash expenses significantly impacted profitability, including
Management's strategic pivot to scale down bulk trading volume to minimize potential losses demonstrates prudent risk management in volatile market conditions. The expansion into the gold industry in H2 2024 shows adaptability, though concrete results from this initiative appear modest thus far.
The company's gross margin deteriorated from
Highlights Positive Earnings Per Share and Substantial Cash Position of
Recent Achievements and Highlights (as reported in the 20-F):
- Reported total revenue of
$340.2 million - Achieved net income of
$5.9 million $1.43 $9.2 million $5.0 million - Maintained a substantial cash, cash equivalents, and restricted cash balance of
$45.0 million - Continued investment in technology, talent, content, brand recognition, customer base expansion, and other initiatives.
- Successfully navigated challenges posed by the economic slowdown in 2024 by scaling down bulk trading volume to minimize losses.
Management Commentary
Mr. Xin Liu, Chief Executive Officer of Nisun International, commented on the results, "The 2024 fiscal year presented a challenging operating environment, primarily due to the economic slowdown in
Mr. Liu continued, "Despite these headwinds affecting our financial performance in 2024, we remain focused on our long-term strategy and believe we are well-positioned for future growth. Our comprehensive technology-driven integrated supply chain financing solutions services, launched in January 2020, and our supply chain trading business, launched in July 2021 by leveraging our high-quality customer base and resources from supply chain financing solutions, are integral to our future. In the second half of 2024, we expanded our supply chain financing business into the gold industry, resulting in a
Full Year 2024 Financial Results Summary
For the year ended December 31, 2024, Nisun International reported total revenue of
Cost of revenue for the year ended December 31, 2024, was
Gross profit was
Income from operations for 2024 was
Net income for fiscal year 2024 was
Net income per share for fiscal year 2024 was
As of December 31, 2024, the Company had cash, cash equivalents, and restricted cash of
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.
NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD AND SUBSIDIARIES | ||||||||
CONSOLIDATED BALANCE SHEETS | ||||||||
(EXPRESSED IN US DOLLARS) | ||||||||
December 31, | December 31, | |||||||
ASSETS | ||||||||
CURRENT ASSETS: | ||||||||
Cash and cash equivalents | $ | 45,021,759 | $ | 114,454,844 | ||||
Restricted cash | - | 197,096 | ||||||
Short-term investments | 6,882,714 | 12,788,629 | ||||||
Accounts receivable, net | 54,444,438 | 21,120,795 | ||||||
Derivative asset | 1,996,340 | - | ||||||
Advance to suppliers, net | 92,304,699 | 38,602,304 | ||||||
Receivables from supply chain solutions | 23,978,130 | 59,167,029 | ||||||
Inventories | 806,821 | 30,953,583 | ||||||
Due from related party | 1,665 | - | ||||||
Prepaid expenses and other current assets | 25,892,681 | 16,018,778 | ||||||
TOTAL CURRENT ASSETS | 251,329,247 | 293,303,058 | ||||||
NON-CURRENT ASSETS: | ||||||||
Property and equipment, net | 358,038 | 881,276 | ||||||
Intangible assets, net | 205,032 | 882,828 | ||||||
Right-of-use assets, net | 1,608,591 | 2,384,590 | ||||||
Equity investments | 457,417 | 368,528 | ||||||
Goodwill | 17,050,800 | 17,659,983 | ||||||
Deferred tax assets, net | 412,161 | 418,571 | ||||||
TOTAL NON-CURRENT ASSETS | 20,092,039 | 22,595,776 | ||||||
TOTAL ASSETS | $ | 271,421,286 | $ | 315,898,834 | ||||
LIABILITIES | ||||||||
CURRENT LIABILITIES: | ||||||||
Accounts payable | $ | 34,630,781 | $ | 45,463,753 | ||||
Short-term bank loans | 5,274,478 | 1,971,859 | ||||||
Accrued expenses and other current liabilities | 2,930,782 | 7,245,358 | ||||||
Operating lease liabilities - current | 948,561 | 861,087 | ||||||
Payables to supply chain solutions | 4,229,793 | 12,947,708 | ||||||
Advances from customers | 7,528,352 | 38,153,915 | ||||||
Taxes payable | 3,642,427 | 4,145,920 | ||||||
Liabilities of financial guarantee | 21,725 | 22,335 | ||||||
Due to related parties - current | 267,149 | 274,652 | ||||||
TOTAL CURRENT LIABILITIES | 59,474,048 | 111,086,587 | ||||||
NON-CURRENT LIABILITIES | ||||||||
Operating lease liabilities – non-current | 818,128 | 1,643,076 | ||||||
Deferred tax liabilities | - | 114,650 | ||||||
TOTAL NON-CURRENT LIABILITIES | 818,128 | 1,757,726 | ||||||
TOTAL LIABILITIES | 60,292,176 | 112,844,313 | ||||||
SHAREHOLDERS' EQUITY*: | ||||||||
Class A common stock, | 47,251 | 40,176 | ||||||
Class B common stock, | - | - | ||||||
Treasury shares | (1,253,012) | (261,592) | ||||||
Additional paid-in capital | 139,712,207 | 130,535,082 | ||||||
Retained earnings | 72,517,990 | 68,395,637 | ||||||
Statutory reserves | 13,229,313 | 11,564,250 | ||||||
Accumulated other comprehensive loss | (17,491,069) | (11,474,682) | ||||||
COMMON SHAREHOLDERS' EQUITY | 206,762,680 | 198,798,871 | ||||||
Non-controlling interests | 4,366,430 | 4,255,650 | ||||||
TOTAL SHAREHOLDERS' EQUITY | 211,129,110 | 203,054,521 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 271,421,286 | $ | 315,898,834 | ||||
* | The financial statements give retroactive effect to the May 18, 2023 one-for-ten reverse share split. |
NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD AND SUBSIDIARIES | ||||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME | ||||||||||||
(EXPRESSED IN US DOLLARS) | ||||||||||||
For the Year Ended December 31, | ||||||||||||
2024 | 2023 | 2022 | ||||||||||
REVENUES: | ||||||||||||
Revenue generated from services: | ||||||||||||
Small and Medium Enterprise financing | $ | 84,320,613 | $ | 101,823,899 | $ | 87,269,959 | ||||||
Supply Chain financing solutions | 5,712,543 | 6,153,645 | 3,542,592 | |||||||||
Total revenue generated from services | 90,033,156 | 107,977,544 | 90,812,551 | |||||||||
Revenue generated from sales: | ||||||||||||
Supply chain trading business | 250,186,390 | 278,693,355 | 143,361,714 | |||||||||
Total revenues | 340,219,546 | 386,670,899 | 234,174,265 | |||||||||
COST OF REVENUE: | ||||||||||||
Cost of revenue - services | (58,819,396) | (68,154,833) | (55,472,076) | |||||||||
Cost of revenue - sales | (249,887,524) | (278,002,800) | (140,880,063) | |||||||||
Business and sales related taxes | (600,605) | (527,336) | (772,830) | |||||||||
Total cost of revenue | (309,307,525) | (346,684,969) | (197,124,969) | |||||||||
GROSS PROFIT | 30,912,021 | 39,985,930 | 37,049,296 | |||||||||
OPERATING EXPENSES: | ||||||||||||
Selling expenses | (1,504,002) | (1,525,692) | (1,977,617) | |||||||||
General and administrative expenses | (19,247,560) | (10,859,011) | (10,511,542) | |||||||||
Research and development expenses | (1,414,437) | (1,093,457) | (1,563,718) | |||||||||
Bad debt expense | (5,037,951) | (2,215,016) | (4,509,634) | |||||||||
Goodwill Impairment Loss | (128,577) | (5,488,816) | (777,329) | |||||||||
Total operating expenses | (27,332,527) | (21,181,992) | (19,339,840) | |||||||||
INCOME FROM OPERATIONS | 3,579,494 | 18,803,938 | 17,709,456 | |||||||||
OTHER INCOME: | ||||||||||||
Interest and investment income | 1,662,646 | 2,557,588 | 2,790,768 | |||||||||
Other income , net | 320,955 | 2,159,301 | 2,021,688 | |||||||||
Total other income, net | 1,983,601 | 4,716,889 | 4,812,456 | |||||||||
INCOME BEFORE PROVISION FOR INCOME | 5,563,095 | 23,520,827 | 22,521,912 | |||||||||
PROVISION FOR INCOME TAXES | (4,527,081) | (5,817,147) | (4,741,854) | |||||||||
NET INCOME FROM CONTINUING | 1,036,014 | 17,703,680 | 17,780,058 | |||||||||
DISCONTINUED OPERATIONS: | ||||||||||||
GAIN FROM DISCONTINUED OPERATIONS | 4,863,777 | - | - | |||||||||
NET (LOSS) FROM DISPOSAL OF | 4,863,777 | - | - | |||||||||
NET INCOME | 5,899,791 | 17,703,680 | 17,780,058 | |||||||||
Net income attributable to non-controlling interests | (112,375) | (125,942) | (159,246) | |||||||||
NET INCOME - Nisun International's | $ | 5,787,416 | $ | 17,577,738 | $ | 17,620,812 | ||||||
OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||
Foreign currency translation loss | (6,017,982) | (4,536,797) | (12,576,380) | |||||||||
COMPREHENSIVE (LOSS) INCOME | (230,566) | 13,040,941 | 5,044,432 | |||||||||
Comprehensive loss attributable to non-controlling | 1,595 | 65 | 6,231 | |||||||||
COMPREHENSIVE (LOSS) INCOME | $ | (228,971) | $ | 13,041,006 | $ | 5,050,663 | ||||||
BASIC AND DILUTED EARNINGS PER | ||||||||||||
NET EARNINGS PER COMMON SHARE | $ | 1.43 | $ | 4.46 | $ | 4.42 | ||||||
Weighted average number of shares outstanding- | 4,053,108 | 3,943,793 | 3,986,359 | |||||||||
* | The financial statements give retroactive effect to the May 18, 2023 one-for-ten reverse share split. |
NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD AND SUBSIDIARIES | ||||||||||||
CONDENSED STATEMENTS OF CASH FLOWS | ||||||||||||
FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 and 2022 | ||||||||||||
(EXPRESSED IN US DOLLARS) | ||||||||||||
2024 | 2023 | 2022 | ||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||
Net income | $ | 5,899,791 | $ | 17,703,680 | $ | 17,780,058 | ||||||
Adjustments to reconcile net income to net cash | ||||||||||||
Depreciation and amortization | 1,719,709 | 2,238,222 | 2,113,732 | |||||||||
Stock-based compensation | - | - | 125,630 | |||||||||
Shares issued for compensation | 9,184,200 | 31,808 | 185,000 | |||||||||
Bad debt expense | 5,037,951 | 2,215,016 | 4,509,634 | |||||||||
Impairment of goodwill | 128,577 | 5,488,816 | 777,329 | |||||||||
Loss on disposition of property and equipment | 217,351 | - | 1,385 | |||||||||
Income from investments | (36,604) | (365,359) | (541,578) | |||||||||
Deferred tax (benefit) expense | (118,220) | (710,672) | 271,907 | |||||||||
Derivative asset | (182,232) | - | - | |||||||||
Repurchase Treasury shares | 64,080 | - | - | |||||||||
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable | (34,574,649) | (3,086,600) | (2,075,274) | |||||||||
Advance to suppliers, net | (56,157,685) | 7,282,068 | (39,859,386) | |||||||||
Prepaid expenses and other current assets | (8,653,076) | (5,511,142) | (4,734,501) | |||||||||
Receivables from supply chain solutions | 33,997,219 | (18,651,357) | 11,372,841 | |||||||||
Inventories | 29,767,783 | (246,818) | (25,530,993) | |||||||||
Accounts payable | (11,218,937) | 5,722,300 | 7,693,011 | |||||||||
Advance from customers | (35,241,476) | 16,986,750 | 19,085,377 | |||||||||
Taxes payable | (395,174) | 1,478,316 | (5,574,048) | |||||||||
Other payables | (5,604,548) | 3,232,387 | - | |||||||||
Payable to supply chain solutions | (9,165,567) | 4,096,141 | (15,198,883) | |||||||||
Operating lease liabilities | (730,895) | (834,381) | (855,242) | |||||||||
Accrued expenses and other current liabilities | 374,477 | (1,569,395) | 1,501,078 | |||||||||
NET CASH (USED IN) PROVIDED BY | (75,687,925) | 35,499,780 | (28,952,923) | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||
Acquisition of property and equipment | (26,677) | (503,957) | (652,585) | |||||||||
Purchase of intangible assets | (4,326) | (44,029) | (74,710) | |||||||||
Cash paid in connection with acquisition, net of | - | - | (530,322) | |||||||||
Proceeds from sale of short-term investments | 44,830,237 | 103,458,984 | 78,595,280 | |||||||||
Proceeds from sale of Derivative asset | 487,609 | - | - | |||||||||
Proceeds from sale of Long-term investment | - | 7,061,233 | - | |||||||||
Proceeds from investment in debt securities | - | 14,366,013 | - | |||||||||
Proceeds from disposal of property and equipment | 159,086 | - | - | |||||||||
Purchase of short-term investments | (39,050,962) | (104,365,028) | (51,567,746) | |||||||||
Purchase of Derivative asset | (1,735,531) | - | - | |||||||||
Purchase of Long-term investments | - | - | (7,430,511) | |||||||||
Purchase of equity investees | (125,074) | - | - | |||||||||
Sale of a business, net of cash and cash equivalents | 434,174 | 71,514 | - | |||||||||
Repayments from loans to third parties | 2,516,772 | - | - | |||||||||
Loans to third parties | (1,474,264) | (229,161) | (501,905) | |||||||||
NET CASH PROVIDED BY INVESTING | 6,011,044 | 19,815,569 | 17,837,501 | |||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||
Proceeds from short-term bank loans | 5,350,399 | 1,553,471 | 445,831 | |||||||||
Proceeds from third-party loans | - | 1,977,145 | 36,770,626 | |||||||||
Repayment of short-term bank loans | (2,116,345) | (29,961) | (1,239,983) | |||||||||
Repayment of third-party loans | (2,918,399) | (2,277,954) | (41,491,973) | |||||||||
Proceeds from related parties | - | - | (10,097) | |||||||||
Repayment of loan from related parties | - | (8,028,965) | (2,500,000) | |||||||||
Purchase of treasury shares | (1,055,500) | 94,252 | (355,844) | |||||||||
Capital contribution from non-controlling interest | - | (35,290) | 37,116 | |||||||||
NET CASH USED IN FINANCING ACTIVITIES | (739,845) | (6,747,302) | (8,344,324) | |||||||||
EFFECT OF EXCHANGE RATE CHANGE ON | 786,545 | (1,234,680) | (4,848,722) | |||||||||
NET (DECREASE) INCREASE IN CASH AND | (69,630,181) | 47,333,367 | (24,308,468) | |||||||||
CASH AND CASH EQUIVALENTS AND | 114,651,940 | 67,318,573 | 91,627,041 | |||||||||
CASH AND CASH EQUIVALENTS AND | $ | 45,021,759 | $ | 114,651,940 | $ | 67,318,573 | ||||||
SUPPLEMENTAL CASH FLOW DISCLOSURES: | ||||||||||||
Cash paid for income taxes | $ | 5,673,350 | $ | 4,530,963 | $ | 10,385,495 | ||||||
Cash paid for interest | $ | 170,745 | $ | 29,961 | $ | 496,932 | ||||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH | ||||||||||||
Repayment payable for business disposition | - | 279,037 | - | |||||||||
Receivable from disposal of subsidiary | $ | - | $ | - | $ | 289,973 | ||||||
Lease liabilities arising from obtaining right- | 402,209 | 295,220 | 4,070,163 | |||||||||
Issuance of shares for share-based compensation | $ | 700,000 | $ | - | $ | - | ||||||
CASH AND CASH EQUIVALENTS FROM | ||||||||||||
Cash and cash equivalents | $ | 45,021,759 | $ | 114,454,844 | $ | 63,901,329 | ||||||
Restricted cash | - | 197,096 | 3,417,244 | |||||||||
Total cash, cash equivalents and restricted cash | $ | 45,021,759 | $ | 114,651,940 | $ | 67,318,573 | ||||||
View original content:https://www.prnewswire.com/news-releases/nisun-international-enterprise-development-group-co-ltd-reports-full-year-2024-financial-results-302441438.html
SOURCE Nisun International Enterprise Development Group Co., Ltd
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