Antelope Enterprise Holdings Ltd
NASDAQ:AEHL
Antelope Enterprise Holdings Ltd
Antelope Enterprise Holdings Ltd. engages in the manufacture and sale of ceramics tiles. The company employs 297 full-time employees The company went IPO on 2010-11-03. The firm's ceramic tiles, sold under the HD or Hengda, HDL or Hengdeli, Pottery Capital of Tang Dynasty, TOERTO and WULIQIAO brands, are available in over 2,000 styles, colors and size combinations. The firm has five principal product categories, which include porcelain tiles, glazed tiles, glazed porcelain tiles, rustic tiles and polished glazed tiles. The Company’s ceramic tiles are used for flooring, interior walls for decorative purposes and on exterior siding. The firm's manufacturing facilities are located in Jinjiang, Fujian Province and in Gaoan, Jiangxi Province.
Antelope Enterprise Holdings Ltd. engages in the manufacture and sale of ceramics tiles. The company employs 297 full-time employees The company went IPO on 2010-11-03. The firm's ceramic tiles, sold under the HD or Hengda, HDL or Hengdeli, Pottery Capital of Tang Dynasty, TOERTO and WULIQIAO brands, are available in over 2,000 styles, colors and size combinations. The firm has five principal product categories, which include porcelain tiles, glazed tiles, glazed porcelain tiles, rustic tiles and polished glazed tiles. The Company’s ceramic tiles are used for flooring, interior walls for decorative purposes and on exterior siding. The firm's manufacturing facilities are located in Jinjiang, Fujian Province and in Gaoan, Jiangxi Province.
Revenue Surge: Antelope Enterprise's revenue for the second half of 2022 rose 164.3% year-over-year to $24.1 million, driven almost entirely by its new KylinCloud livestreaming e-commerce business.
Business Transformation: The company has pivoted away from its legacy ceramic tile business, completing a divestiture in April 2023, and is now focused on livestreaming e-commerce.
KylinCloud Growth: KylinCloud accounted for 96% of second-half 2022 revenue, and its registered investors and hosts grew eightfold year-over-year.
Improved Margins: Gross profit margin in livestreaming e-commerce improved to 15.5% from 5.1% a year prior.
Net Loss Narrowed: Net loss from continuing operations shrank to $0.9 million from $2.8 million, while the livestreaming business turned a small profit.
Positive Outlook: Management projects strong future growth for livestreaming, expects to reach breakeven in 2023, but does not provide formal guidance.
