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Nisun(NISN) - 2023 Q2 - Quarterly Report
2023-12-18 16:00
Revenue and Income - Total revenues for the six months ended June 30, 2023, were $126,943,808, representing an increase of 7.9% compared to $118,047,910 for the same period in 2022[5]. - Net income attributable to shareholders for the six months ended June 30, 2023, was $11,319,387, a decrease of 20.1% from $14,171,433 in the same period of 2022[5]. - The company reported a gross profit of $19,841,416 for the six months ended June 30, 2023, down from $21,576,719 in the same period of 2022, a decline of 8.0%[5]. - Basic and diluted earnings per common share for the six months ended June 30, 2023, were $2.87, down from $3.60 in the same period of 2022, a decrease of 19.7%[5]. - Net income from continuing operations for June 2023 was $11,366,961, a decrease from $14,651,008 in June 2022, representing a decline of approximately 22.5%[8]. Cash and Assets - Cash and cash equivalents increased to $105,994,692 as of June 30, 2023, up from $63,901,329 as of December 31, 2022, reflecting a growth of 65.8%[2]. - Cash and cash equivalents at the end of June 2023 totaled $106,637,712, up from $91,793,258 at the end of June 2022, reflecting an increase of approximately 16.2%[9]. - Total current assets reached $288,155,530 as of June 30, 2023, compared to $230,894,809 as of December 31, 2022, indicating an increase of 24.9%[2]. - The company’s total non-current assets decreased to $31,825,889 as of June 30, 2023, from $52,524,972 as of December 31, 2022, a decline of 39.4%[2]. - The company’s total shareholders' equity increased to $192,914,925 as of June 30, 2023, compared to $189,796,868 as of December 31, 2022, reflecting a growth of 1.1%[3]. Liabilities and Expenses - Total liabilities increased to $127,066,494 as of June 30, 2023, from $93,622,913 as of December 31, 2022, marking a rise of 35.6%[2]. - Research and development expenses for the six months ended June 30, 2023, were $351,200, a decrease of 57.9% compared to $834,195 in the same period of 2022[5]. - Total depreciation and amortization for June 2023 was $1,294,166, significantly higher than $639,002 in June 2022, reflecting increased asset utilization[8]. Cash Flow Activities - Net cash provided by operating activities from continuing operations was $57,224,015 in June 2023, compared to a net cash used of $(30,063,383) in June 2022, indicating a significant turnaround[8]. - Net cash used in investing activities from continuing operations was $(7,016,381) in June 2023, a decrease from $24,141,221 in June 2022, indicating a shift in investment strategy[8]. - The company reported a net cash used in financing activities of $(8,150,101) in June 2023, compared to $9,628,342 in June 2022, indicating a change in financing approach[9]. Accounts and Tax - Accounts receivable increased to $(11,089,756) in June 2023 from $(4,310,119) in June 2022, indicating a potential increase in credit sales or collection issues[8]. - Cash paid for income taxes was $1,560,580 in June 2023, compared to $8,163,616 in June 2022, indicating a decrease in tax liabilities[9]. - The company experienced a loss from investments of $(7,296) in June 2023, compared to a gain of $218,929 in June 2022, highlighting a shift in investment performance[8]. - Proceeds from the sale of short-term investments amounted to $53,004,461 in June 2023, compared to $49,210,720 in June 2022, showing an increase of approximately 3.6%[8].
Nisun(NISN) - 2022 Q4 - Annual Report
2023-08-07 16:00
Exhibit 99.1 1 Nisun International Reports Financial Results for Fiscal Year 2022 SHANGHAI, China, August 8, 2023 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq: NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced its financial results for the fiscal year ended December 31, 2022. Mr. Xiaoyun Huang, Chief Executive Officer of Nisun, commented, "We are pleased to end f ...
Nisun(NISN) - 2022 Q4 - Annual Report
2023-08-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date o ...
Nisun(NISN) - 2019 Q4 - Annual Report
2020-04-24 21:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date o ...
Nisun(NISN) - 2018 Q4 - Annual Report
2019-05-15 20:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Symbol Name of each exchange on which registered Class A common shares, par value $0.001 per share HEBT Nasdaq FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECU ...