Connect with us

Technology

Nisun International Reports Financial Results for Fiscal Year 2023: Nisun Achieves 65% Revenue Growth and Ends the Year with $29.0 Cash Per Share

Published

10 months ago

on

SHANGHAI, July 12, 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, today announced its financial results for the fiscal year ended December 31, 2023.

Financial Highlights:

Revenue: Total revenue for the year was $386.7 million, representing a 65% increase compared to $234.2 million in 2022.Gross Profit: Gross profit increased to $40.0 million from $37.0 million in the previous year.Net Income: Net income for 2023 was $17.7 million.Cash and Cash Equivalents: The Company ended the year with $114.5 million in cash and cash equivalents.Earnings per Share (EPS): The Company reported earnings of $4.46 per share, with a cash per share value of $29.0.

CEO’s Comments:

Xin Liu, CEO of Nisun International, commented, “We are thrilled to report another year of outstanding financial performance, underscoring the success of our strategic initiatives and operational excellence. Our revenue growth of 65% is a testament to our robust supply chain solutions.  We have made significant strides in expanding our supply chain capabilities,  diversifying into other agricultural products. These efforts have positioned us well for sustained growth and profitability.”

Mr. Liu continued, “Despite our strong financial performance, substantial cash reserves of $29.0 per share, and robust earnings, our stock trades at just over one times annual earnings by the end of June. We believe this significantly undervalues our company. The Board of Directors and I are actively considering strategic alternatives to unlock shareholder value and better align our market valuation with the intrinsic value of our company. Our strong cash position and ongoing growth initiatives provide a solid foundation for these efforts.”

Operational Highlights:

Supply Chain Trading and Solutions: Nisun International continues to enhance its supply chain trading and financing solutions capabilities, leveraging state-of-the-art technology to streamline operations and reduce costs. The Company successfully managed the daily supply of 3.6 to 6 million eggs to major online platforms across key regions.Geographical Expansion: The Company’s supply chain operations now span multiple regions, enabling delivery of a diverse range of products. This extensive network ensures seamless operations and strengthens Nisun’s market presence.Diversification: Nisun has expanded its supply chain solutions to include other agricultural products, positioning the Company for substantial growth in the agricultural sector.

Looking Ahead:

Mr. Liu added, “Our commitment to innovation and excellence remains unwavering as we continue to drive growth and create value for our shareholders. The strategic expansion of our supply chain solution  will enable us to meet the evolving needs of our customers and capitalize on new market opportunities. We are excited about the future and confident in our ability to achieve even greater success.”

Investor Relations:

For more information, please visit the Investor Relations section of Nisun International’s  website at: www.nisun-international.com.

About Nisun International:

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.

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 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.

For more information, please contact:

Nisun International Enterprise Development Group Co., Ltd

Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com 

Horizon Research Management Consultancy
Michael Wei
Email: hwey@horizonconsultancy.co 

 

 

NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS

(EXPRESSED IN US DOLLARS)

December 31,
2023

December 31,
2022

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

114,454,844

$

63,901,329

Restricted cash

197,096

3,417,244

Short-term investments

12,788,629

11,700,400

Accounts receivable, net

21,120,795

18,931,346

Advance to suppliers, net

38,602,304

46,968,549

Receivables from supply chain solutions

59,167,029

43,475,981

Inventories

30,953,583

31,609,877

Prepaid expenses and other current assets

16,018,778

10,890,083

TOTAL CURRENT ASSETS

293,303,058

230,894,809

NON-CURRENT ASSETS:

Property and equipment, net

881,276

719,574

Intangible assets, net

882,828

1,795,234

Right-of-use assets, net

2,384,590

3,349,432

Equity investments

368,528

373,292

Investment in limited partnership

–

14,913,539

Goodwill

17,659,983

23,814,005

Deferred tax assets, net

418,571

310,577

Long term investment

–

7,249,319

TOTAL NON-CURRENT ASSETS

22,595,776

52,524,972

TOTAL ASSETS

$

315,898,834

$

283,419,781

LIABILITIES

CURRENT LIABILITIES:

Accounts payable

$

45,463,753

$

40,925,155

Short-term bank loans

1,971,859

434,959

Accrued expenses and other current liabilities

7,245,358

6,090,582

Operating lease liabilities – current

861,087

1,008,766

Payables to supply chain solutions

12,947,708

9,122,978

Advances from customers

38,153,915

21,827,387

Taxes payable

4,145,920

2,748,474

Loan from related party

–

8,028,965

Liabilities of financial guarantee

22,335

–

Due to related parties – current

274,652

282,724

TOTAL CURRENT LIABILITIES

111,086,587

90,469,990

Operating lease liabilities – non-current

1,643,076

2,425,597

Deferred tax liabilities

114,650

727,326

TOTAL NON-CURRENT LIABILITIES

1,757,726

3,152,923

TOTAL LIABILITIES

112,844,313

93,622,913

SHAREHOLDERS’ EQUITY*:

Class A common stock, $0.01 par value, 30,000,000 and 30,000,000 shares

   authorized, 4,017,596 and 4,006,263 shares issued, and 3,952,198 and 3,944,075

   shares outstanding as of December 31, 2023 and 2022, respectively

40,176

40,063

Class B common stock, $0.01 par value, 1,000,000 shares authorized, no shares

   issued and outstanding as of December 31, 2023 and 2022

–

–

Treasury shares

(261,592)

(355,844)

Additional paid-in capital

130,535,082

130,503,387

Retained earnings

68,395,637

53,214,304

Statutory reserves

11,564,250

9,167,845

Accumulated other comprehensive loss

(11,474,682)

(6,937,950)

COMMON SHAREHOLDERS’ EQUITY

198,798,871

185,631,805

Non-controlling interests

4,255,650

4,165,063

TOTAL SHAREHOLDERS’ EQUITY

203,054,521

189,796,868

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

315,898,834

$

283,419,781

* The financial statements give retroactive effect to the May 18, 2023 one-for-ten reverse share split.

 

 

NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(EXPRESSED IN US DOLLARS)

For the Year Ended December 31,

2023

2022

2021

   REVENUES:

   Revenue generated from services:

      Small and Medium Enterprise financing solutions

$

101,823,899

$

87,269,959

$

87,133,963

      Supply Chain financing solutions

6,153,645

3,542,592

4,930,289

      Other financing solutions

–

–

3,222

Total revenue generated from services

107,977,544

90,812,551

92,067,474

      Revenue generated from sales:

Supply chain trading business

278,693,355

143,361,714

68,132,237

                Total revenues

386,670,899

234,174,265

160,199,711

   COST OF REVENUE:

      Cost of revenue – services

(68,154,833)

(55,472,076)

(37,989,001)

      Cost of revenue – sales

(278,002,800)

(140,880,063)

(67,628,806)

      Business and sales related taxes

(527,336)

(772,830)

(533,760)

   GROSS PROFIT

39,985,930

37,049,296

54,048,144

   OPERATING EXPENSES:

      Selling expenses

(1,525,692)

(1,977,617)

(2,323,403)

      General and administrative expenses

(10,859,011)

(10,511,542)

(11,641,567)

      Research and development expenses

(1,093,457)

(1,563,718)

(1,599,728)

      Bad debt expense

(2,215,016)

(4,509,634)

(294,536)

      Goodwill Impairment Loss

(5,488,816)

(777,329)

–

Total operating expenses

(21,181,992)

(19,339,840)

(15,859,234)

   INCOME FROM OPERATIONS

18,803,938

17,709,456

38,188,910

   OTHER INCOME :

      Interest and investment income

2,557,588

2,790,768

2,122,903

      Other income , net

2,159,301

2,021,688

464,210

Total other income, net

4,716,889

4,812,456

2,587,113

INCOME BEFORE PROVISION FOR INCOME TAXES

23,520,827

22,521,912

40,776,023

PROVISION FOR INCOME TAXES

(5,817,147)

(4,741,854)

(10,269,501)

NET INCOME

17,703,680

17,780,058

30,506,522

Net income attributable to non-controlling interests

(125,942)

(159,246)

(126,161)

NET INCOME – Nisun International’s shareholders

$

17,577,738

$

17,620,812

$

30,380,361

OTHER COMPREHENSIVE INCOME (LOSS)

      Foreign currency translation (loss) income

(4,536,797)

(12,576,380)

2,039,011

COMPREHENSIVE INCOME

13,040,941

5,044,432

32,419,372

Comprehensive loss attributable to non-controlling interests

65

6,231

2,051

COMPREHENSIVE INCOME

$

13,041,006

$

5,050,663

$

32,421,423

BASIC AND DILUTED EARNINGS PER COMMON SHARE:

NET EARNINGS PER COMMON SHARE

$

4.46

$

4.42

$

14.13

Weighted average number of shares outstanding-basic and diluted*

3,943,793

3,986,359

2,150,683

* The financial statements give retroactive effect to the May 18, 2023 one-for-ten reverse share split.

 

 

 

NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD AND SUBSIDIARIES

CONDENSED STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 and 2021

(EXPRESSED IN US DOLLARS)

2023

2022

2021

   CASH FLOWS FROM OPERATING ACTIVITIES:

Net income

$

17,703,680

$

17,780,058

$

30,506,522

      Adjustments to reconcile net income to net cash provided by (used

           in) operating activities:

Depreciation and amortization

2,238,222

2,113,732

2,180,038

Stock-based compensation

–

125,630

498,825

Shares issued for compensation

31,808

185,000

71,175

Bad debt expense

2,215,016

4,509,634

294,536

Impairment of goodwill

5,488,816

777,329

–

Loss on disposition of property and equipment

–

1,385

190,301

Income from investments

(365,359)

(541,578)

(808,464)

Deferred tax (benefit) expense

(710,672)

271,907

275,749

Changes in operating assets and liabilities:

                Accounts receivable

(3,086,600)

(2,075,274)

(13,294,924)

                Advance to suppliers, net

7,282,068

(39,859,386)

(9,213,279)

                Prepaid expenses and other current assets

(5,511,142)

(4,734,501)

(3,464,939)

                Receivables from supply chain solutions

(18,651,357)

11,372,841

(48,202,128)

                Inventories

(246,818)

(25,530,993)

(3,931,400)

                Accounts payable

5,722,300

7,693,011

33,620,611

                Advance from customers

16,986,750

19,085,377

3,375,769

                Taxes payable

1,478,316

(5,574,048)

5,575,502

                Other payables

3,232,387

–

2,576,570

                Payable to supply chain solutions

4,096,141

(15,198,883)

25,608,622

                Operating lease liabilities

(834,381)

(855,242)

(952,495)

                Accrued expenses and other current liabilities

(1,569,395)

1,501,078

(1,049,489)

NET CASH (USED IN) PROVIDED BY OPERATING

   ACTIVITIES

35,499,780

(28,952,923)

23,857,102

CASH FLOWS FROM INVESTING ACTIVITIES:

      Acquisition of property and equipment

(503,957)

(652,585)

(186,705)

      Purchase of intangible assets

(44,029)

(74,710)

(18,281)

      Cash (paid) received in connection with Nami acquisition

–

–

(7,007,905)

      Cash paid in connection with acquisition, net of cash received

–

(530,322)

–

      Cash received on disposal of discontinued operations

–

–

14,950,730

      Proceeds from sale of short-term investments

103,458,984

78,595,280

4,894,270

      Proceeds from sale of Long-term investment

7,061,233

–

–

      Proceeds from investment in debt securities

14,366,013

–

–

      Purchase of short-term investments

(104,365,028)

(51,567,746)

(39,526,099)

      Purchase of Long-term investments

–

(7,430,511)

–

      Collection of loans to third parties

–

–

1,643,203

      Proceeds from disposal of subsidiary

71,514

–

–

      Loans to third parties

(229,161)

(501,905)

–

NET CASH PROVIDED BY (USED IN) INVESTING

   ACTIVITIES

19,815,569

17,837,501

(25,250,787)

CASH FLOWS FROM FINANCING ACTIVITIES:

      Proceeds from short-term bank loans

1,553,471

445,831

784,609

      Proceeds from issuance of common shares and pre-funded warrants

–

–

70,794,465

      Proceeds from third-party loans

1,977,145

36,770,626

–

      Repayment of short-term bank loans

(29,961)

(1,239,983)

–

      Repayment of third-party loans

(2,277,954)

(41,491,973)

–

      Repayment to related parties

–

(10,097)

(1,803,374)

      Repayment of loan from related parties

(8,028,965)

(2,500,000)

–

      Purchase of treasury shares

94,252

(355,844)

–

      Capital contribution from non-controlling interest

(35,290)

37,116

751,841

NET CASH (USED IN) PROVIDED BY FINANCING

   ACTIVITIES

(6,747,302)

(8,344,324)

70,527,541

EFFECT OF EXCHANGE RATE CHANGE ON CASH AND

   CASH EQUIVALENTS

(1,234,680)

(4,848,722)

294,928

NET (DECREASE) INCREASE IN CASH AND CASH

   EQUIVALENTS

47,333,367

(24,308,468)

69,428,784

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

   FROM CONTINUING OPERATIONS-BEGINNING

67,318,573

91,627,041

22,198,257

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

   FROM CONTINUING OPERATIONS-ENDING

$

114,651,940

$

67,318,573

$

91,627,041

SUPPLEMENTAL CASH FLOW DISCLOSURES:

      Cash paid for income taxes

$

4,530,963

$

10,385,495

$

5,546,082

      Cash paid for interest

$

29,961

$

496,932

$

370,356

SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:

      Repayment payable for business disposition

279,037

–

–

      Receivable from disposal of subsidiary

$

–

$

289,973

$

–

         Lease liabilities arising from obtaining right-of-use
         assets

295,220

4,070,163

–

      Issuance of shares for share-based compensation

$

–

$

–

$

71,175

CASH AND CASH EQUIVALENTS FROM CONTINUING

   OPERATIONS ARE COMPRISED OF THE FOLLOWING:

Cash and cash equivalents

$

114,454,844

$

63,901,329

$

91,447,620

Restricted cash

197,096

3,417,244

179,421

Total cash, cash equivalents and restricted cash

$

114,651,940

$

67,318,573

$

91,627,041

 

 

View original content:https://www.prnewswire.com/news-releases/nisun-international-reports-financial-results-for-fiscal-year-2023-nisun-achieves-65-revenue-growth-and-ends-the-year-with-29-0-cash-per-share-302195735.html

SOURCE Nisun International Enterprise Development Group Co., Ltd

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Shanghai Climate Week 2025：LONGi Jiaxing Production Base becomes the world’s first “Lighthouse + Zero-Carbon” factory in the global photovoltaic industry

Published

32 minutes ago

on

April 27, 2025

By

SHANGHAI, April 27, 2025 /PRNewswire/ — On April 23, 2025, at the Shanghai Climate Week 2025 “Climate Lighthouse: A New Era” theme event, LONGi’s Jiaxing Production Base was honored with the “Shanghai Climate Week Climate Lighthouse 2025 Manufacturing Lighthouse Exemplary Award” as the world’s first dual benchmark of “Lighthouse Factory + Zero-Carbon Factory” in the global photovoltaic industry. This accolade signifies the SCW Climate Lighthouse Committee’s recognition of LONGi’s achievements in climate-friendly practices, while serving as an impetus for the company to further explore the potential of green technologies and smart manufacturing.

LONGi’s Jiaxing Production Base, recognized by the World Economic Forum (WEF) as the photovoltaic industry’s first global “Lighthouse Factory,” has met all evaluation criteria for the “Climate Lighthouse” initiative through its advanced applications of automation, Industrial Internet of Things (IIoT), digitalization, big data analytics, and 5th-generation mobile communication technology (5G), demonstrating its leadership in smart manufacturing and digitalization at the pinnacle of global PV industry standards.

Building upon its “Lighthouse Factory” intelligent manufacturing framework, LONGi’s Jiaxing Production Base further advanced its zero-carbon transformation in 2024. By leveraging digital tools to enable low-carbon production, deploying rooftop photovoltaic power stations, procuring green electricity certificates and carbon credits, and implementing energy-saving measures, the facility achieved carbon emission reduction and neutralization. This culminated in its designation as the industry’s first “Dual Benchmark” production base certified under the ISO 14068 carbon neutrality standard.

During the Shanghai Climate Week, LONGi participated in the “Empowering Green Supply Chain Transformation Forum” co-organized by the Global Climate Institute, Institute of Public & Environmental Affairs (IPE), Carbon Newture, and Rockwell Automation. Dr. Xie Tian, General Manager of LONGi’s Strategic Management Center, joined the “Big Data and AI: Empowering Enterprises to Enhance ESG Performance” roundtable discussion. He shared practical experiences and challenges in applying data analytics and emerging technologies to advance ESG practices.

Dr. Xie Tian highlighted that the Jiaxing Production Base, as the world’s first “Lighthouse + Zero-Carbon” factory in the photovoltaic industry, exemplifies LONGi’s leadership in integrating digitalization with green transformation. By embedding smart technologies into advanced PV manufacturing processes, the company drives green production and pursues carbon neutrality. Additionally, LONGi has implemented data platforms for ESG disclosure management to verify and analyze sustainability metrics. He emphasized the potential of big data and AI to accelerate secure and efficient green development across industries.

LONGi’s Jiaxing Production Base, through its “Lighthouse + Zero-Carbon” dual benchmark system – a comprehensive carbon neutrality framework encompassing strategic planning, technological implementation, supply chain collaboration, and social responsibility – has emerged as a paradigm of green manufacturing transformation. This model not only provides the global industrial sector with a quantifiable and replicable blueprint for low-carbon development but also contributes to advancing collective progress toward a zero-carbon future.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com/

SOURCE LONGi

Continue Reading

Technology

UnionPay International Partners with HFC Bank for First Local ATM Acceptance in Fiji Driving Financial Inclusion

Published

2 hours ago

on

April 27, 2025

By

SUVA, Fiji, April 27, 2025 /PRNewswire/ — Recently, UnionPay International announced that its card is now accepted at ATMs operated by HFC Bank, Fiji’s only 100% locally owned commercial bank. HFC Bank has officially launched UnionPay card acceptance at its ATMs, becoming the first domestic financial institution in the country to partner with UnionPay International.

This milestone collaboration expands UnionPay card ATM coverage in Fiji to an impressive 96%, signaling a significant leap forward in the localization of UnionPay International ‘s services in the South Pacific and injecting fresh momentum into the development of inclusive financial services in the region.

HFC Bank was established as a fully-fledged commercial bank in 2014, the bank is dedicated to becoming Fiji’s bank of choice by providing innovative, competitively priced financial solutions designed to improve customer wellbeing, create wealth for future generations, and contribute to the nation’s economic development.

The partnership between HFC Bank and UnionPay International is not only a technical upgrade—it is a strategic step toward empowering local institutions and advancing financial inclusivity in Fiji.

UnionPay International first entered the Fijian market in September 2010, making Fiji the first South Pacific nation to accept UnionPay cards. Today, 99% of POS terminals and 96 % of ATMs in the country accept UnionPay, with broad acceptance across hotels, supermarkets, duty-free shops, restaurants, and the tourism sector. Mobile payments via UnionPay App are also widely supported.

Prior to this new collaboration, UnionPay International’s local partnerships were primarily with international banks.

The new alliance with HFC Bank highlights UnionPay International’s commitment to deepening localization by working closely with local institutions to build a more inclusive and resilient payment ecosystem.

As UnionPay International’s footprint continues to grow, its focus remains clear: building accessible, inclusive, and innovative financial solutions that benefit local communities and global travelers alike.

About HFC Bank
HFC Bank is Fiji’s only locally owned commercial bank, committed to delivering personalized and innovative financial services that exceed customer expectations. With a strong foundation in governance and ethical practices, the bank offers a full range of competitively priced financial products that aim to improve customer wellbeing, create long-term value, and support national economic development. HFC Bank upholds values of humility, excellence, accountability, respect, and trust, and is dedicated to serving individuals, families, and businesses across Fiji with integrity and care.

About UnionPay International
With more than 260 million UnionPay cards issued in 83 countries and regions outside the Chinese Mainland, UnionPay International is committed to enhancing the online payment experience for its global cardholders. Accepted in 183 countries and regions, UnionPay International offers high-quality, cost-effective, and secure cross-border payment services to the world’s largest cardholder base, while delivering convenient local support to a growing network of international users and merchants. For more information, please visit: https://www.unionpayintl.com/

View original content:https://www.prnewswire.com/apac/news-releases/unionpay-international-partners-with-hfc-bank-for-first-local-atm-acceptance-in-fiji-driving-financial-inclusion-302439023.html

SOURCE UnionPay International

Continue Reading

Technology

Yutong Bus Launches EnRoute+ Service Innovation and Tech-Driven Solutions to Redefine Commercial Vehicle Value Standards

Published

3 hours ago

on

April 27, 2025

By

Six-Point Service Framework Elevates Efficiency and Customer Value

ZHENGZHOU, China, April 26, 2025 /CNW/ — Yutong Bus (“Yutong”, SHA: 600066), a commercial vehicle manufacturer in Asia, recently hosted the Central Asia Customer Value Exploration Tour in Zhengzhou, marked the debut of Yutong’s EnRoute+ service platform, designed to refine industry benchmarks by prioritizing technology-led solutions and fostering long-term partnerships over transactional pricing.

“Amid intensifying competition in the globe wide, Yutong is committed to transitioning clients from a ‘price-first’ mindset to a comprehensive value partnership rooted in technology and service excellence,” said Li Haifeng, CEO of Central Asia of Yutong Bus.

EnRoute+: Six Pillars of Unwavering Support

The EnRoute+ framework delivers comprehensive solutions tailored to fleet needs:

Direct Manufacturer Support: Yutong personnel are stationed locally 365 days a year, delivering professional, efficient, and reliable “butler-style” support throughout the entire vehicle lifecycle.Swift Response, Efficient Solutions: Customers can instantly connect with Yutong via the LINK+ platform or service hotline for emergency assistance, ensuring swift and effective resolution.Full Transparency: Real-time tracking of service requests, progress updates, and post-service evaluations via the Link+ digital ecosystem.Genuine Parts Assurance: A two-tier spare parts network (central warehouse + front warehouse) ensures rapid delivery of authentic parts, backed by a 15-year worry-free supply and comprehensive quality assurance.Critical Event Assurance: Specialized service teams, tailored contingency plans, and rigorous protocols are deployed to ensure flawless operations during critical events or competitions.Tailored Maintenance Plans: Proactive, tailored solutions optimize fleet uptime, reduce operational costs, and provide end-to-end support through preventative maintenance and zero-distance service management.

Yutong’s localized service approach has already delivered  measurable success. In Astana, Kazakhstan, the city’s public transit operator manages 620 Yutong buses, including 120 EVs. Concerns over post-sale support were alleviated through Yutong’s Overseas Service Package, which leverages smart diagnostics to predict faults, and slash operational costs. In Tashkent, Uzbekistan, Yutong’s electric buses withstood extreme summer temperatures exceeding 40°C while maintaining stable performance. Tailored lifecycle solutions and round-the-clock technical support enabled Tashkent’s transit authority to expand its EV fleet.

Yutong leverages decades of expertise in connectivity and new energy to deliver data-driven service solutions. By integrating global networks, advanced analytics, and intelligent platforms like LINK+, OVAS, and Intelligent Vehicle Cloud, it creates lifecycle-focused ecosystems that boost efficiency, innovation, and customer-centric excellence worldwide.

For more info, please visit https://en.yutong.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/yutong-bus-launches-enroute-service-innovation-and-tech-driven-solutions-to-redefine-commercial-vehicle-value-standards-302439014.html

SOURCE Yutong Bus

Continue Reading

Trending