6-K
AIOS Tech Inc. (AIOS)
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM 6-K
Reportof Foreign Private Issuer
Pursuantto Rule 13a-16 or 15d-16 Under
theSecurities Exchange Act of 1934
Forthe month of November 2021
CommissionFile Number: 001-37829
NISUNINTERNATIONAL ENTERPRISE
DEVELOPMENTGROUP CO., LTD
(Registrant’s name)
C9,99 Danba Rd
PutuoDistrict, Shanghai
People’sRepublic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ☐
EXHIBIT INDEX
| Exhibit | Description |
|---|---|
| 99.1 | Press<br> release dated November 10, 2021, titled “Nisun International Reports Unaudited Operational Results for the Nine Months Ended<br> September 30, 2021” |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD | ||
|---|---|---|
| Date: November 10, 2021 | By: | /s/ Xiaoyun Huang |
| Name: | Xiaoyun Huang | |
| Title: | Chief<br> Executive Officer<br><br> <br>(Principal<br> Executive Officer) and Duly Authorized Officer |
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Exhibit 99.1
NisunInternational Reports Unaudited
OperationalResults for the Nine Months Ended September 30, 2021
SHANGHAI, China, November 10, 2021 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd (“Nisun International” or the “Company”) (Nasdaq: NISN), a provider of innovative comprehensive solutions through the integration of technology, industry, and finance, today announced its unaudited operational results for the nine months ended September 30, 2021.
Mr. Xiaoyun Huang, Chairman and Chief Executive Officer of Nisun International, commented, “We are pleased to announce a robust earnings quarter, with net income of approximately $20 million for the nine months ended September 30, 2021. As we continue to strengthen our core business, we will expand our overall capabilities to better serve our existing customers. At the same time, we will continue to actively expand our customer base and create long-term value for our shareholders.”
OperationalResults for the Nine Months Ended September 30, 2021
The following table presents an overview of the Company’s unaudited results of operations for the nine months ended September 30, 2021:
| Forthe Nine Months Ended September 30, 2021 | ||
|---|---|---|
| (Unaudited) | ||
| Revenue | $ | 106,784,001 |
| Cost of revenue | 73,703,349 | |
| Gross profit | 33,080,652 | |
| Operating expenses | 9,382,713 | |
| Income from operations | 23,697,939 | |
| Other income, net | 1,826,465 | |
| Income before income taxes | 25,524,404 | |
| Income taxes | 5,570,324 | |
| Net income | $ | 19,954,080 |
| Net income per common share | $ | 0.97 |
| Weighted average number of shares outstanding | 20,555,768 |
Revenues
Total revenue was approximately $106.8 million for the nine months ended September 30, 2021.
| ● | Revenue<br> generated from Small and Medium Enterprise (SME) financing solutions services was approximately<br> $58.4 million, as the Company provided comprehensive financing solutions to SMEs in China<br> seeking alternative financing solutions to bank financing. | ||||
|---|---|---|---|---|---|
| ● | Total<br> supply chain transaction volume was approximately $329.7 million for the nine months ended<br> September 30, 2021. | ||||
| --- | --- | ||||
| ● | Revenue<br> generated from sales of merchandise was approximately $44.2 million, attributable to the launch of the<br> Company’s supply chain trading business after generating high-quality customers and<br> resources through its supply chain solution business. | ||||
| --- | --- | ||||
| Forthe Nine Months Ended September 30,2021 | |||||
| --- | --- | --- | --- | --- | --- |
| (Unaudited) | % | ||||
| Revenue generated from service | |||||
| Small and Medium Enterprise financing solutions | $ | 58,438,245 | 55 | % | |
| Supply chain financing solutions | 4,184,441 | 4 | % | ||
| Other financing solutions | 582 | 0 | % | ||
| Total revenue generated from service | 62,623,268 | 59 | % | ||
| Revenue generated from sales | |||||
| Merchandise sales | 44,160,733 | 41 | % | ||
| Total revenue | $ | 106,784,001 | 100 | % |
Costof Revenue
The cost of revenue was approximately $73.7 million for the nine months ended September 30, 2021, which primarily comprised of approximately $43.9 million in cost of sales of merchandise sold, approximately $19.1 million in direct operational costs from SME financing solutions, and approximately $10.0 million in direct costs associated with staff who designed and managed SME financing solutions, supply chain solutions, and other financing solutions businesses.
OperatingExpenses
| Forthe Nine Months Ended September 30, 2021 | |||||
|---|---|---|---|---|---|
| (Unaudited) | % | ||||
| Selling expenses | $ | 2,294,598 | 24 | % | |
| General and administrative expenses | 6,195,402 | 66 | % | ||
| Research and development expenses | 892,713 | 10 | % | ||
| Total cost of revenue | $ | 9,382,713 | 100 | % |
Selling, general and administrative expenses are comprised of indirect advertising and marketing costs, office rent and expenses, costs associated with staff and support personnel who manage the Company’s business activities, and professional fees paid to third parties.
Netincome and net income per share
For the nine months ended September 30, 2021, the Company had net income of approximately $20.0 million and net income per share of $0.97.
The Company did not compile quarterly information for the nine months ended September 30, 2020. As such, comparative data is not available at this time.
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AboutNisun 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 is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun 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 continues to deepen the field of industry segmentation through industrial and financial integration, by cultivating/creating an ecosystem of openness and empowerment. Nisun has built a linked platform that incorporates supply chain, banking, securities, trust, insurance, funds, state-owned enterprises, among other businesses. Focusing on industry-finance linkages, Nisun 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.
CautionaryNote Regarding Forward-Looking Statements
This press release contains information about Nisun’sview of its future expectations, plans and prospects that constitute forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. PrivateSecurities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-lookingstatements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raiseadditional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhanceits brand, its development and introduction of new products and services, the successful integration of acquired companies, technologiesand 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 whopossess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectualproperty. Nisun encourages you to review other factors that may affect its future results in Nisun’s registration statements andin its other filings with the Securities and Exchange Commission. Nisun assumes no obligation to update or revise its forward-lookingstatements as a result of new information, future events or otherwise, except as expressly required by applicable law.
Contacts:
Nisun International Enterprise Development Group Co., Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com
ICR, LLC
Tel: +1 203 682 8233
Email: nisun@icrinc.com
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