Nisun International Enterprise Development Group Co., Ltd Q4 FY2024 earnings call

• 2024 was a year of resilience and strategic focus, navigating a challenging economic environment in China but maintaining strong financial foundations and investing in long-term growth initiatives.
• Total revenue decreased due to reduced activities in SME financing solutions and supply chain trading businesses, but net income was still achieved.
• Cost of revenue aligned with the reduction in supply chain trading volume.
• Maintained a strong cash position on the balance sheet.
• Executed a share repurchase program and granted restricted shares to executives and employees.
• Strategic initiatives in core businesses including supply chain financing solutions, SME financing, and KFC franchise operations in China.
• Supply chain financial service platform and supply chain trading business gaining traction from customers.
• Supply chain financing services expanded into the gold industry, indicating market recovery.
• Investment in technology, talent, and brand recognition paying off.

In 2024, Nisun International reported total revenue of $340.2 million, a 12% decrease from $386.7 million in 2023. Cost of revenue for 2024 was $309.3 million, down 11% from $346.7 million in 2023. Gross profit was $30.9 million, a 20% decrease from $39.9 million in the prior year. Income from operation was $3.6 million compared to $18.8 million in 2023. Net income attributable to shareholders was $5.8 million, or $1.3 per share, compared to $17.6 million, or $4.46 per share. As of December 31, 2024, the company maintained a strong cash position of $45 million in cash and cash equivalents, equivalent to approximately $11.11 per share.

• Believes 2025 will be a pivotal year, leveraging financial strength and operational expertise to drive sustainable growth.
• Strategic initiatives in core businesses to drive financial performance in 2025.
• Anticipates capitalizing on recovering market demand, enhanced technology platforms, and delivering high margin services to growing customer base.

• Today's discussion may contain forward-looking statements subject to risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied.
• Detailed discussion of risks can be found in the company's filings with the Securities and Exchange Commission including the annual report on Form 20-F.

Q: A: Q: A: