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Edible fungus industry stimulates rural revitalization in Guiyang

BEIJING, Jan. 5, 2022 — A news report from China Daily on Guiyang.

Success of agricultural sector sees output and profits of Guizhou province rise substantially.

As a key edible fungus demonstration zone in Guizhou province, Baiyun district in Guiyang city is integrating the industry with modern technologies and boosting the high-quality development of the entire industrial chain through a series of initiatives, said local officials.

Edible fungus is one of Guizhou’s 12 major characteristic agricultural industries. In the past four years, the province’s edible fungus output has increased by 51.4 percent per year and its value has increased by 60.7 percent per year.

A farmer holds a basket of edible fungus ready for selling. [photo/China Daily]
A farmer holds a basket of edible fungus ready for selling. [photo/China Daily]

In 2020, the output of edible fungi in Guizhou reached 1.48 million metric tons, with an output value of 18.4 billion yuan ($2.89 billion).

The growth rate ranks first in the country, and the overall scale pushes it into the top 10 in the country.

As of the end of October, a total of 21 edible fungus bases have been built in Baiyun. Since 2016, 176.9 million fungus sticks have been planted, with an output of 86,700 tons and an output value of 1.02 billion yuan.

The edible fungus in Baiyun is equipped with a full chain tracking management model from the production, cultivation, processing and certification to testing phases.

Liao Yiren, manager of Intelligent Fungus Cloud, an online platform for the entire industry chain of edible fungi, said based on cutting-edge technologies such as big data, the internet of things and artificial intelligence, the platform focuses on areas of production, planting, processing, supply and marketing, certification and testing.

To date, the platform has established 31 data collection points, with 15 edible fungus companies, cooperatives, bases, and large households.

Guizhou Jukong Technology is one of the enterprises on the platform. It has established the first intelligent base for rare edible fungi in Baiyun, which not only improves the standardization and automation of edible fungi production, but also the utilization rate of agricultural resources as well as easing the shortage of land resources.

Zou Liqin, 49, a local villager in Asuo village working at the edible fungus base, said she is thankful for the job. "Working eight hours a day, I can earn 4,000 yuan a month. It takes me five minutes to ride an electric bike from home. It is very convenient to take care of my children."

To date, the base has employed more than 50 local farmers.

Guizhou Zhongke Yinong Technology is another edible fungus processing enterprise in this area.

"This is a freeze-dried morel mushroom. Based on the base pre-harvest period and pre-production data provided by the platform, combining with the actual situation of the edible fungus entering the processing plant to its storage, we reasonably arrange the processing time and processing quantity, and implement planned processing," said Zhang Ke, chairman of the company.

"We use the processing workshop module to provide standardized production parameters to ensure that downstream companies’ requirements for the production standards of primary processed products are met.

"At the same time, we have gradually formed our own standardized production system. The data and videos of the processing workshop make the processing steps more transparent and help with standardization," he added.

In order-based procurement and sales, the company can sign order-based production agreements with upstream and downstream companies through the system and implement order-based production and sales planning arrangements. The production end is only responsible for planting and processing, and the platform is responsible for sales.

In the Guizhou Mushroom Museum, visitors can understand all the information about the entire industrial chain process of the products from rod making, cultivation and processing to sales.

They can also use blockchain technology to ensure the safety and reliability of information and data, and help producers build trust in quality and safety assurance.

Covering a total construction area of nearly 2,000 square meters, the Guizhou Mushroom Museum includes functional areas of science, culture, creativity and research.

The museum introduces edible fungi-related knowledge and their development through graphic introductions, specimen displays and taste activities.

Fan Xuanxiang, deputy director of the education bureau of Baiyun, said the district will enhance edible fungus education and launch research activities to boost the local culture.

Last year is the first year of the implementation of the 14th Five-Year Plan period (2021-25) and a crucial year for comprehensively promoting rural revitalization.

Guiyang will strive to make new breakthroughs in rural revitalization and make positive contributions to the construction of a vibrant Guizhou. On Sept 26, Hu Zhongxiong, a member of the Standing Committee of the Guizhou Provincial Party Committee and Party secretary of Guiyang, presided over a special meeting on agricultural modernization in Guiyang. He said that it is necessary to stabilize the basic agricultural market.

Guiyang’s economic growth has increased by 284.3 percent in the past 10 years. In 2020, there are more than 5,000 big data companies in Guiyang and the added value of the digital economy exceeded 160 billion yuan, accounting for more than 38 percent of the region’s GDP.

"Big data has become an important engine for Guiyang’s high-quality development, allowing Guiyang to stand at the forefront of the world to showcase its beauty to all," said Ma Ningyu, deputy Party secretary and acting mayor of Guiyang.

"At present, Guiyang is promoting the deep integration of big data and rural revitalization," Ma said.

During the 14th Five-Year Plan period, Guiyang will promote the construction of optical fiber connections in administrative villages, optimize the extension of the 5G network of administrative villages to natural villages with more than 30 households and increase the scale and functions of radio and television cloud coverage.

Guiyang will build a national digital agriculture and rural innovation center and a digital agriculture application promotion base, develop smart agriculture, and promote the use of information technologies such as IoT, AI, and blockchain in agricultural planting, breeding, processing and logistics.

JD.com Plans to Double Imports of Sunkist Citrus Over the Next Three Years

BEIJING, Dec. 20, 2021 — JD Fresh, the fresh produce business of JD.com announced a plan to double the imports of Sunkist’s citrus fruits in the next three years as the American citrus grower cooperative’s first export ship of newly harvested navel oranges arrived in Shanghai from Long Beach, California in mid-December.

The rising demand for high-quality fresh produce is a prominent trend amid China’s consumption upgrade. JD.com became an authorized e-commerce direct-sourcing partner of Sunkist’s citrus fruits in China since 2018, the company has seen a compound annual growth rate (CAGR) of 60% in Sunkist’s fresh citrus sales in the past years, and it plans to import no less than 10,000 tons of the premium citrus within the next three years.

Sunkist’s farmers in California sent off the first ship of seasonal navel oranges to JD Fresh in China
Sunkist’s farmers in California sent off the first ship of seasonal navel oranges to JD Fresh in China

"Thanks to our close collaboration with Sunkist and JD’s cold-chain logistic strength, we have created a highly efficient way to supply the in-season citrus directly from farm trees around the world to the dining tables of Chinese customers throughout the year at a better price and faster speed," said Wei Ye, general manager of JD Fresh.

"As people have greater need for healthy fresh food and are becoming more and more customized to shop for them online after the pandemic, we are confident to support Sunkist to further grow in the China market," he added.

"We are grateful for the opportunity to deliver fresh California-grown Sunkist citrus to consumers in China," said Christina Ward, Sr. Director of Global Marketing at Sunkist Growers, Inc.  "Through JD.com, we can educate millennial consumers on the in-season availability, flavor attributes, and nutritional benefits of our fruit."

Sunkist Growers is a citrus marketing cooperative, founded in 1893, which is owned by and operated for thousands of family farmers growing citrus in California and Arizona. The variety of its fresh citrus products include oranges, lemons, limes, mandarins and more. The seasonal navel oranges from the sunny California groves feature a refreshingly sweet and juicy taste, pleasant floral aroma and a bright orange, seedless interior.

Upon the ship’s arrival in China, following the custom quality inspection, the navel oranges will be sent directly to JD’s self-operated cold chain warehouses. The fruits will be put in JD customized packages and go straight to customers’ door steps through JD’s nationwide logistics network. JD’s cold-chain logistics for fresh produce, which range from same-day delivery to two-hour flash delivery, are the standard services available in more than 300 cities across China, allowing consumers in both coastal and inland regions to enjoy the freshest Sunkist products.

China is the largest importer for Sunkist citrus, accounting for about 30% of its global exports. Despite the headwinds in trade and supply chain in the past year, JD.com and Sunkist have continued to work together to ensure stable and smooth supplies to China and made the brand achieve first in sales among all the imported American citrus brands during the 2020-2021 season.

According to statistics from the United States Department of Agriculture (USDA) in September, U.S. citrus exports have dropped by 6% between 2020-2021 as compared to the previous season, primarily due to a smaller fresh-market crop. Under such circumstances, it is even more critical for the two sides to strengthen their partnership as a good indicator for the support of Sunkist’s farmers and the brand’s fans in China.

Electric Corner Modules Show Potential to Integrate Powertrain, Suspension, and Steering Systems in Autonomous Vehicles

SAN ANTONIO, Dec. 16, 2021 — Automotive original equipment manufacturers (OEMs) are expected to replace powertrain suspension and steering systems with electric corner modules (ECMs) as the demand for purpose-built vehicles increases. This will lower initial investments and reduce the time to market. As ECMs enable greater flexibility through increasing modularity and reusability, OEMs can efficiently use available space and reduce the lead time for new models. Their suitability for autonomous delivery vehicles, eShuttles, and electric light commercial vehicles (eLCVs) is expected to result in a $5.20 billion global market by 2030.

electric corner modules (PRNewsFoto/Frost & Sullivan)
electric corner modules (PRNewsFoto/Frost & Sullivan)

For further information on this analysis, please visit: https://frost.ly/6u8

"Purpose-built vehicles such as autonomous delivery vans, robo-taxis, and eShuttles need increased usable volume for cargo or passengers, making ECM-equipped vehicles ideal as they can carry up to 30% more volume as a similar-sized vehicle," noted Thirumalai Narasimhan, Senior Research Analyst, Mobility Practice at Frost & Sullivan. "ECMs can be updated over the air for sensor integrations and upgrades to autonomous driving. These upgrades can offer additional capabilities such as rear-wheel steering by swapping the existing module with a steerable module."

Narasimhan added: "ECM adoption is likely to increase after 2025 when OEMs start offering purpose-built vehicles based on skateboard architecture. As they develop models with new platform strategies that are not hindered by multi-energy platforms, they will find greater value in integrating ECMs in their vehicles."

As electric vehicles and autonomous driving become more mainstream, there will be inevitable changes in automotive design and development. This will lead to growth opportunities that ECM suppliers can leverage by:

  • Developing modular and flexible skateboard platforms, allowing OEMs to offer numerous models without investing significantly in powertrain components.
  • Integrating ECMs into EV architecture, enabling the seamless introduction of automation.
  • Partnering with OEMs for platform licensing, accelerating the vehicle’s time-to-market by helping OEMs reduce development time and cost.
  • Addressing maneuverability, space, and drive-by-wire requirements, allowing the vehicle to make different turns that would not have been possible in the traditional configuration.

Global Autonomous Vehicles Regulatory Growth Opportunities is the latest addition to Frost & Sullivan’s Mobility research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion.

Global Electric Corner Module Market, Growth Opportunities, 2021
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HAI ROBOTICS Earns Key Certifications for High Growth Robot System

SGS and ETL Certifications Added to Impressive List of Certifications, Awards, and Successful Deployments

SHENZHEN, China, Dec. 8, 2021 — HAI ROBOTICS has been awarded SGS and ETL Certifications for its HAIPICK A42 robots and HAIPORT-powered Workstation, respectively. A recent winner of the robotics category for the 2021 NextGen Supply Chain Solution Provider Awards, HAI ROBOTICS has pioneered Autonomous Case-handling Robot (ACR) systems and the associated breakthrough capabilities for warehouses.

HAI ROBOTICS was awarded SGS certification.
HAI ROBOTICS was awarded SGS certification.

SGS Certification:  The product (HAIPICK robots) is certified according to ISO/IEC Guide 17067, Conformity assessment – Fundamentals of product certification, System 3, and in accordance with: ANSI/UL 3100, First Edition, Dated May 26, 2021

Intertek ETL Certification:  The product (HAIPORT-powered Workstation) is certified for the following standards:

  • Outline of Investigation for Machinery [UL Subject 2011: 2020 Ed.5]
  • Industrial electrical machinery [CSA C22.2 #301: 2016 Ed.1]
  • Electrical Standard for Industrial Machinery [NFPA79: 2017 Ed.2018]

The certified HAIPICK robots include the following models:

  • HAIPICK A42 – Multi-layer ACR with customizable height ranging from 3.3 – 16.4 feet
  • HAIPICK A42D – Double-deep picking increases storage density
  • HAIPICK A42N – Mixed carton/case/tote picking, 3D visual recognition
  • HAIPICK A42T – Telescopic lift, 82 feet to 21.33 feet storage range
  • HAIPICK A42 SLAM – Laser SLAM, ultra-precision picking and placing

The HAIPORT-powered Workstation is an automated picking workstation that provides:

  • Multi-case loading and unloading
  • Ability to load/unload four to eight cases simultaneously
  • Efficient and fast loading
  • Flexibility
  • Safety

"Our commitment to stringent certifications such as SGS, ETL, CE, and UL, as well as full compliance with local regulations and OSHA standards are just a few of the reasons that we have been able to provide rapid deployment and a 100% project success rate in more than 300 deployments worldwide," said Brian Zheng, the company’s U.S. General Manager.

About HAI ROBOTICS

HAI ROBOTICS, a trailblazer of Autonomous Case-handling Robot (ACR) system, is committed to providing efficient, intelligent, flexible, and customized warehouse automation solutions through robotics technology and AI algorithms. It aims to create value for each factory and logistics warehouse.

The HAIPICK ACR system, independently developed in 2015, is the world’s first of its kind.

Founded in 2016 with headquarters in Shenzhen, China, HAI ROBOTICS has set up five subsidiaries in Hong Kong SAR, Japan, Singapore, the U.S. and the Netherlands, serving customers from more than 30 countries and regions. It now has over 1,200 staff, more than 50% of whom are engineers. The company has acquired more than 600 global patents for core intellectual properties involving positioning, robot control and warehouse management. In the latest C and D rounds of funding in 2021, the company raised over US$200 million in total.

 

Inaugural Departure of International Trains of China-Laos Railway (Chengdu/Chongqing-Vientiane)

CHENGDU, China, Dec. 6, 2021 — On December 4th, 2021, international trains of the China-Laos Railway (Chengdu/ChongqingVientiane) laden with light commercial trucks, nuts, motorcycle parts, chemical products and other goods respectively departed from the Chengdu International Railway Port and the Chongqing International Logistics Hub Park, and will pass by Yunnan Province, then arrive at the Laotian capital Vientiane in no more than three days.

Inaugural Departure of International Trains of China-Laos Railway (Chengdu/Chongqing-Vientiane)
Inaugural Departure of International Trains of China-Laos Railway (Chengdu/Chongqing-Vientiane)

The train departing from Chengdu carries light commercial trucks manufactured by Sinotruk Chengdu Commercial Vehicle, an enterprise based in Qingbaijiang. In the past, the company had to arrange for drivers to directly drive products from Chengdu to export and deliver to Vientiane over a route of around 2,000 km spanning roughly ten days on the road. This transportation time has been substantially reduced to merely three days thanks to the opening of the China-Laos Railway.

"Compared with the traditional highway transportation, railway transportation not only considerably reduces labor costs and saves time, but the new option is also safer and more reliable, in addition to other benefits such as freight protection that can better preserve product integrity," explained Wu Kunsheng, the responsible person of Sinotruk Chengdu Commercial Vehicle.

The China-Laos Railway starts at Yunnan Province in the north, and passes through the Mohan Port at the Chinese-Laotian border before arriving at the Laotian capital Vientiane. It is one of the many large-scale projects undertaken between China and ASEAN coutries. The opening of the China-Laos Railway will promote mutually beneficial cooperation between China and Laos, and the interconnectivity between involved regions.

"Focusing on the normalized operation of the China-Laos Railway, Chengdu will partner with Laos to jointly build multimodal transport and transshipment center, storage and logistics industrial park, agriculture demonstration park, etc. based on actual logistics demands, so as to promote the integrated development of transportation and trade," remarked Chen Zejun, General Manager of Chengdu International Railway Service Co., Ltd.

The Chengdu International Railway Port is an important gateway hub for China’s opening-up efforts toward the west and the south. At present, an international train network and global land-sea freight delivery system that revolves around Chengdu, extends westward into Europe, reaches northward in Mongolia and Russia, links eastward with Japan and the Republic of Korea, and expands southward into the ASEAN bloc have been established. At present, this network is connected with 67 cities outside of China and 20 cities within. According to railway-maritime intermodal train departure data on the Chengdu-Qinzhou-ASEAN route, nearly 10,000 containers of train cargoes worth more than USD 100 million were exported southward in 2020. The commencement of the China-Laos Railway will further bolster the Chengdu International Railway Port’s effort in expanding its southward international railway conduits.

Next, the Chengdu International Railway Port will make the most out of the opportunities inherent in the construction of the China-Laos Railway, so as to position Chengdu as an international logistics and transshipment hub that connects inland Europe with East Asia, South Asia and Southeast Asia, as well as a gateway hub linking the pan-Europe and pan-Asia regions with the central and western parts of China. At the same time, efforts will be spared to expand intermediary trade with ASEAN and Europe, and active steps will be taken to create a cross-border international production capacity cooperation demonstration zone.

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=409907
   Caption: Inaugural Departure of International Trains of China-Laos Railway (Chengdu/ChongqingVientiane)

Nisun International Announces Results of 2021 Shareholder Meeting

SHANGHAI, China, Nov. 20, 2021 — 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 the results of its 2021 Annual Meeting of Shareholders that was held on November 19, 2021 in Shanghai, China.

At the meeting, the shareholders:

  • Re-elected Messrs. Christian DeAngelis and Xin Liu to its Board of Directors
  • Ratified the appointment of Wei, Wei & Co., LLP as the Registrant’s independent registered public accountant for the fiscal year ending December 31, 2021

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, 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.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain information about Nisun’s view of its future expectations, plans and prospects that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. 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 statements 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.

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

Related Links :

http://ir.nisun-international.com

Nisun International Reports Unaudited Operational Results for the Nine Months Ended September 30, 2021

SHANGHAI, Nov. 10, 2021 — 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."

Operational Results 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:

For the
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 generated from Small and Medium Enterprise (SME) financing solutions services was approximately $58.4 million, as the Company provided comprehensive financing solutions to SMEs in China seeking alternative financing solutions to bank financing.
  • Total supply chain transaction volume was approximately $329.7 million for the nine months ended September 30, 2021.
  • Revenue generated from sales of merchandise was approximately $44.2 million, attributable to the launch of the Company’s supply chain trading business after generating high-quality customers and resources through its supply chain solution business.

For the 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

%

 

Cost of 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.

Operating Expenses

For the 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. 

Net income 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.

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, 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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains information about Nisun’s view of its future expectations, plans and prospects that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. 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 statements 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.

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

Related Links :

http://ir.nisun-international.com

Scott’s Refrigerated Logistics Improves Operations with Nintex Promapp®


Leader in cold-chain logistics standardises on visual process mapping software from Nintex to drive operational efficiencies across its organisation

SYDNEY, Nov. 8, 2021 — Nintex, the global standard for process management and automation, announced today that Scott’s Refrigerated Logistics, Australia’s largest fully-integrated cold-chain logistics provider and the market leader in temperature controlled road and rail transport, has standardised on Nintex Promapp® to deliver business process consistency across the company’s seven divisions.

  • To experience how organisations have gained total visibility and control over their business processes with Nintex Promapp®, visit https://bit.ly/3gFqtQX.

Scott’s Refrigerated Logistics provides services to a diversified and blue-chip customer base comprised of food and beverage producers and leading supermarkets. These valued customers are serviced from 24 cold storage facilities across all Australian mainland states with a transport fleet of approximately 600 trucks and 450 rail containers. The company has around 2,000 employees and more than 1,000 customers.

"Ultimately, we want to ensure that we are aligned around one consistent process across all business activities to support visibility between different divisions, reduce manual and paper-based processes, and drive staff accountability," said Craig Lee, Business Process Manager, Scott’s Refrigerated Logistics. "Nintex will support us in this quest, equipping the business with capabilities to deliver process excellence across all the divisions and states we operate in helping enhance our customer-focused culture, ensuring that integrity and customer service remain the cornerstone of our success."

Rapid results and improvements

Scott’s Refrigerated Logistics was recently acquired by Anchorage Capital Partners and consulted Affinity Education Group—also previously acquired by Anchorage Capital Partners—to learn how Affinity successfully implemented Nintex Process Platform process management capabilities to create consistent processes and support compliance requirements across their network of 150 childcare centres nationwide.

Scott’s Refrigerated Logistics decided to invest in the Nintex Process Platform to develop an intuitive, visible and easy-to-use framework of processes that support complex compliance requirements and the ongoing digitising of legacy, paper-based processes, along with built-in automation functionality to update processes in real-time.

Lee explained, "We could clearly see the benefits of Nintex within Affinity Education Group and concluded that we could also transform our business by leveraging the process management and automation capabilities of Nintex. This will help support centrally-held processes which can be updated and shared with all key stakeholders, provide for one source of truth, as well as drive greater compliance and accountability across business divisions as diverse as human resources, commercial and fleet management."

In line with Scott’s Refrigerated Logistics’ commitment to continuous improvement and constantly evolving in response to market conditions and individual customers’ demands, the organisation has identified more than 100 processes which will now be standardised on Nintex across seven functions. Deployment has already commenced with Nintex supporting new processes being developed across customer service, pick-up and delivery, and time management. Standardisation on Nintex will enable rapid changes and improvements to everything from delivery docket procedures to incident management and customer experience.

"Managers working with these new processes will enjoy the benefits of having one centralised, searchable source of truth where changes update automatically. By embracing new technologies such as Nintex, Scott’s Refrigerated Logistics will maintain our market leading position and refrigerated logistic provider of choice across Australia," concluded Lee.

Media Contact
Laetitia Smith 
Nintex laetitia.smith@nintex.com
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Green Flight Initiative Aired in North Bund International Aviation Forum

SHANGHAI, Nov. 5, 2021 — On November 4, the first North Bund International Aviation Forum, with the theme on the sustainable development of the global aviation industry, was held in China’s economic hub Shanghai, injecting new aviation elements and driving power into the city’s development into an international shipping center.

North Bund International Aviation Forum
North Bund International Aviation Forum

 

North Bund International Aviation Forum
North Bund International Aviation Forum

Jointly organized by China Eastern Air Holding Company Limited and Shanghai Airport Authority, this event was a parallel forum of the North Bund Forum.

Officials from related government agencies such as the National Development and Reform Commission, the Civil Aviation Administration of China and the Shanghai Municipal Government, as well as about 150 guests from domestic and foreign civil aviation enterprises, industry associations, and colleges attended the forum.

They discussed the new model of sustainable development and international cooperation in the industry around issues such as carbon emission reduction in civil aviation and construction of world-class aviation hubs, and released a number of major achievements and important initiatives in the industry.

At the forum, Zhang Wei, vice mayor of Shanghai, said that this year is the year when the Shanghai International Shipping Center is basically in shape. Shanghai will adhere to building a world-class aviation hub with leading quality, accelerate the improvement of airport ground facilities, and enhance the coverage and accessibility of airline network.

"The city will improve the legal system for green development and accelerate the green development of the aviation industry, while joint efforts will be made to promote coordination of the world-class airport group in the Yangtze River Delta in terms of functional positioning, planning and construction, operation management and ground transportation," Zhang added.

Willie Walsh, director general of IATA, said that to give an indication of the scale of the pandemic disruption, losses of the airline industry were significantly reduced in 2021. With a 20 per cent share of the global commercial aviation market, China’s domestic market is increasingly important. At present, IATA is actively dealing with the impact of the epidemic, and the industry remains confident about the future.

Liu Shaoyong, chairman of China Eastern Air Holding Company Limited, said that the company will give full play to the features of the aviation industry with a long chain, strong driving effect and great influence radiation. With the new mode of digital transformation and intelligent upgrade, China Eastern will accelerate the building of smart aviation, inclusive aviation and airport cities. A new aviation economic ecology will take shape by developing "aviation + tourism", "aviation + finance", "aviation + exhibition" and the integration of aviation with other services.

Qin Yun, chairman of Shanghai Airport Authority, said the company will strengthen cooperation with airports and airlines around the world to build a green and ecological airport and a digital airport.

During the session of topic sharing, Li Yangmin, general manager of China Eastern Air Holding Company Limited, made a special sharing on the situation of aviation hubs in world-class cities, the development process of hubs and serving Shanghai’s development into a world-class city. More than 10 guests delivered keynote speeches on cooperation and win-win of international civil aviation in the field of carbon emission reduction during the pandemic and construction and upgrading of world-class aviation hubs.

In the dialogue session, the speakers focused on the opportunities and challenges of reshaping the global industrial chain and supply chain, and discussed the development ideas from the perspectives of logistics industry development, aviation logistics, airport cargo terminal business and supply chain solutions.

At this forum, senior executives of 20 enterprises in the aviation sector released an initiative on global aviation industry carbon reduction cooperation via video.

The North Bund International Aviation Forum will be held in Shanghai every year as a parallel forum of the North Bund Forum, which will help the latter to become the "Davos" of the international shipping industry, better promote the Chinese shipping brands to the world and share Shanghai’s perspectives. China Eastern will also host the 78th IATA Annual General Meeting (AGM) and the World Air Transport Summit in Shanghai in June 2022.

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Caption: North Bund International Aviation Forum

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Caption: North Bund International Aviation Forum

HAI ROBOTICS and Invar tie to expand global presence

The partnership will bring HAI ROBOTICS’ autonomous-case handling robotics (ACR) solution to the global supply chain where Invar is more established.

SHENZHEN, China, Nov. 5, 2021HAI ROBOTICS, a global leader in Autonomous Case-handling Robotics (ACR) system for warehouse fulfillment, announced partnership with the UK-based global logistics solutions engineering company Invar System in a bid to expand its global presence by delivering competitive service to the supply chain where Invar is more established in the market place.


The strategic ties with Invar is HAI ROBOTICS’ second in Europe following its alliance with France-based Savoye.

HAI ROBOTICS and Invar will work together to ensure HAI ROBOTICS’ ACR robots will be seamlessly connected with Invar’s in-house developed WMS solution to provide customers with a more efficient, cost-effective intralogistics solution. The joint solutions will be expected to address the dramatically growing demand for order fulfillment in the area where warehouses are facing mounting pressure to upgrade their storage and fulfillment capacity with the online shopping boom.

HAI ROBOTICS launched the first ACR system HAIPICK in 2015 and ever since then, has made considerable commercial success with more than 300 projects operating globally due to its high level of flexibility. HAIPICK ACR robots can pick and place totes or cartons on storage shelves up to 10 meters high and carry up to 8 loads to continuously feed goods-to-person picking stations. One of the company’s new launches at CeMAT Asia 2021, the HAIPICK A3 Fork-lifting ACR allows wider storage scenarios in which goods are not necessarily placed inside a box, such as tires and trays. The robot can provide larger storage possibilities and better rack space utilization.

Kane Luo, Vice President of sales for HAI ROBOTICS, said, "The partnership will be able to offer warehouse operators a unique and innovative solution that delivers higher fulfillment volumes, at lower operation costs and with better distribution efficiency."

Invar has an extensive network of global customers and has been widely recognized for its WMS and automation integration capabilities.

Craig Whitehouse, Managing Director of Invar Integration, said, "These are exciting times, robotics has transformed automation in the warehouse. Their flexibility, scalability and low-Capex appeal offers huge advantages over fixed solutions. HAI ROBOTICS has a fantastic range of intelligent ACRs, well suited to the varied demands of fulfillment applications, and so we are delighted to include HAI ROBOTICS’ advanced ACRs in our fast-expanding solutions suit."

The HAIPICK system is seeing a fast-expanding global presence in the warehousing logistics sector, and has been implemented in e-commerce, 3PL, apparel, electronics, energy, manufacturing, medicine, and other industries, with over 300 projects alive worldwide. Some notable overseas customers include DHL Supply Chain, Phillips, Booktopia, GE and HP.

About HAI ROBOTICS

HAI ROBOTICS, a trailblazer of autonomous case-handling (ACR) system, is committed to providing efficient, intelligent, flexible, and customized warehouse automation solutions through robotics technology and AI algorithms. It aims to create value for each factory and logistics warehouse.

Founded in 2016 with headquarters in Shenzhen, China, HAI ROBOTICS has set up five subsidiaries in Hong Kong SAR, Japan, Singapore, the U.S. and the Netherlands, serving customers from over 30 countries and regions. It now has over 1,000 staff, more than 50% of whom are engineers. The company has acquired more than 600 global patents for core intellectual properties involving positioning, robot control and warehouse management.

About Invar Group

Invar Group, headquartered in Cranfield UK, is focused on delivering complete turnkey warehouse automation solutions using advanced technologies such as industrial robotics, AMR goods-to-person solutions, pick-to-light technology, sortation systems, as well as conventional warehouse automation. The Group comprises: Invar Systems, a developer of warehouse control and management systems; Invar Integration (Greenstone Systems), a front runner in solutions design, hardware integration and project management; and Invar Controls, specialists in the design, implementation and maintenance of PLC software and hardware.