ZTO Yunpei Signs Purchase Agreement with Nisun International, Driving Significant Expansion in China's Egg Market
SHANGHAI, July 23, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun International" or the "Company") (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, is pleased to announce a significant milestone in its partnership with Zhejiang ZTO Yunpei Food Co., Ltd. ("ZTO Yunpei"), the supply chain company under ZTO Express, a leading logistics company in China.
ZTO Yunpei has signed a purchase agreement with Nisun International, marking a major step forward in the growth and expansion of both companies in China's thriving egg market. Under the agreement, Nisun International has supplied eggs to ZTO Yunpei for distribution to its customers, resulting in sales exceeding 500 million RMB (approximately 68.7 million USD) to date.
Nisun International is a key player in China's egg market, with the capability to supply over 20 million eggs daily. The company's accumulated sales from eggs have reached over 5 billion RMB (approximately 687.9 million USD), demonstrating its strong position in this rapidly growing market.
According to recent market data, China's egg market is expected to reach 10.32 billion kg by 2029, with a volume growth of 8.8% in 2025. In 2024, the market is projected to generate US$22.50 billion in revenue, with China accounting for the majority of global revenue in this sector.
The partnership with ZTO Yunpei is a strategic move for Nisun International, leveraging ZTO Yunpei's extensive network and logistics capabilities to expand its reach in the egg market. This collaboration is expected to drive significant growth for both companies, capitalizing on the increasing demand for eggs in China.
"We are thrilled to partner with ZTO Yunpei, the supply chain company under ZTO Express, a leading logistics company in China," said Mr. Xin Liu, CEO of Nisun International. "This agreement marks a major milestone in our growth strategy, and we are confident that this partnership will drive significant expansion in the egg market. We look forward to working closely with ZTO Yunpei to deliver high-quality eggs to customers across China."
ZTO Yunpei is a leading express delivery company in China, providing a wide range of express delivery and logistics services. The company's extensive network and logistics capabilities make it an ideal partner for Nisun International, enabling the company to expand its reach and capitalize on the growing demand for eggs in China.
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 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. 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/
This press release contains information about Nisun'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 encourages you to review other factors that may affect its future results in Nisun's registration statement and in its other filings with the Securities and Exchange Commission. Nisun 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.
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