Nisun International has signed a significant purchase agreement with ZTO Yunpei, boosting their presence in China’s growing egg market with sales exceeding 500 million RMB.
Major Expansion in China’s Egg Market: Nisun International and ZTO Yunpei Sign Purchase Agreement
SHANGHAI—Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN), a supply chain solutions provider, has entered into a pivotal purchase agreement with Zhejiang ZTO Yunpei Food Co., Ltd. This move is set to bolster the presence of both firms in China’s burgeoning egg market.
Under this agreement, Nisun International has committed to supplying eggs to ZTO Yunpei for distribution. This collaboration has led to sales surpassing 500 million RMB (approximately £53 million), marking significant progress for both entities.
Nisun International is recognised as a substantial player within China’s egg sector, with a capacity to supply over 20 million eggs daily. The company, to date, has generated accumulated sales reaching over 5 billion RMB (approximately £531 million), affirming its robust market position.
Market projections indicate that China’s egg market could reach 10.32 billion kilograms by 2029, with an 8.8% volume growth anticipated for 2025. In the current year, the market is expected to generate around £17 billion in revenue, with China representing the majority of global revenues in this segment.
The strategic alliance leverages ZTO Yunpei’s extensive logistics network, enhancing Nisun International’s market reach. This cooperation is anticipated to drive significant growth for both companies amidst rising demand for eggs in China.
In a statement, Nisun International CEO Xin Liu expressed enthusiasm about the partnership. “We are thrilled to partner with ZTO Yunpei, a leading logistics company in China. This agreement marks a major milestone in our growth strategy and we are confident that this partnership will drive substantial expansion in the egg market,” Liu remarked.
ZTO Yunpei, affiliated with the leading express delivery provider ZTO Express, is known for its robust logistics and express delivery services, making it an appropriate collaborator for Nisun International.
Nisun International continues to focus on integrating industry and financial solutions, aiming to provide comprehensive supply chain services across various sectors. The collaboration with ZTO Yunpei will likely enhance its market presence and respond effectively to consumer demand while supporting the company’s broader strategic growth initiatives.