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Antelope Enterprise Holdings Ltd (AEHL) operates at the intersection of traditional manufacturing and digital innovation, spanning ceramic tile production, livestreaming ecommerce through KylinCloud, and energy infrastructure solutions. This news hub provides investors and industry observers with verified updates across all business segments.
Access timely press releases and analysis covering financial results, strategic partnerships, and operational developments. Our curated collection features announcements related to ceramic tile market trends, KylinCloud platform growth, energy solution deployments, and corporate governance matters.
Key updates include earnings reports, leadership changes, manufacturing capacity expansions, digital platform enhancements, and energy project milestones. Bookmark this page for direct access to AEHL's official communications and third-party analysis vetted for factual accuracy.
Antelope Enterprise Holdings (NASDAQ: AEHL) announced its financial results for the first half of 2024. The company's livestreaming ecommerce business generated revenue of $43.4 million, a 2.6% decrease from the same period in 2023. Gross profit decreased by 48.7% to $3.5 million, while loss from operations increased to $6.5 million.
The company's strategy shifted to focus on mid-tier clients, resulting in engagements with over 70 clients, an increase of nearly 20 compared to 2023. AEHL plans to enter the energy field in Q3 2024, launching a business in Texas to meet the growing energy demands of the computing power industry.
Financial highlights include a gross profit margin of 8.0%, decreased selling and distribution expenses, and increased administrative expenses. As of June 30, 2024, AEHL had $2.3 million in cash and cash equivalents and a working capital of $5.8 million.
Antelope Enterprise Holdings (NASDAQ: AEHL) has announced a conference call scheduled for September 30, 2024, at 8:00 am Eastern Time to discuss its first half 2024 financial results ended June 30, 2024. The company, which is the majority owner of Hainan Kylin Cloud Services Technology Co., , operates a livestreaming ecommerce business in China and plans to enter the energy field through electricity production in Texas using natural gas generators.
The earnings press release will be available prior to the call on the company's Investor Relations page. To participate, investors can dial 1-844-695-5522 (US) or 1-412-317-0698 (international). A replay will be available for 14 days starting September 30, 2024, at 11:00 am Eastern Time, accessible by dialing 1-877-344-7529 (US) or 1-412-317-0088 (international) with the Conference ID 7480379.
Antelope Enterprise Holdings (NASDAQ: AEHL) has announced its entry into the energy supply business in Texas, focusing on electricity production using natural gas generators. This strategic move aims to meet the rapidly growing energy demands of computing power industries, particularly cryptocurrency mining and data centers for generative AI.
CEO Will Zhang believes this positioning is timely, offering cost-effective solutions for crypto-mining companies in Midland, Texas. The company cites the 113.98% increase in Bitcoin's price over the past year and the US becoming a major cryptocurrency mining center, now accounting for 37.8% of global Bitcoin mining activity, up from 3.4% in 2020. This shift is expected to create significant pressure on power supply chains and present growth opportunities in the power supply market.
Antelope Enterprise Holdings (NASDAQ: AEHL) reported a 78% revenue growth in 2023, reaching RMB 510.5 million. The company's livestreaming ecommerce platform saw significant expansion with a strong focus on influencer partnerships, resulting in a gross profit of RMB 53.1 million. Despite a net loss, the company remains optimistic about its long-term growth prospects and plans to enter new markets.
Antelope Enterprise Holdings (NASDAQ: AEHL) will hold a conference call on May 10, 2024, to discuss its financial results for the second half and fiscal year ended December 31, 2023. The livestreaming ecommerce business, KylinCloud, operates in China with over 800,000 hosts and influencers. The Earnings Press Release will be available on NASDAQ's website. Participants can dial in to join the live call or access the replay.
Antelope Enterprise Holdings (NASDAQ: AEHL) has rescheduled its Second Half and Fiscal Year End 2023 Earnings Conference Call. The company operates KylinCloud, a livestreaming ecommerce business in China with access to 800,000+ hosts and influencers.
Antelope Enterprise Holdings (NASDAQ: AEHL) will host an Earnings Conference Call on May 6, 2024, to discuss its financial results for the second half and full year ended December 31, 2023. The livestreaming ecommerce business, KylinCloud, will be the focus of the conference call.
Antelope Enterprise Holdings (NASDAQ: AEHL) announced plans to launch an energy transmission business in the US. The company appointed new executives to lead this initiative, including Mr. Huoyou Zhang and Mr. Di Wu. AEHL US, a subsidiary, is developing the energy transmission business in Texas, aiming to supply power to a data center by the third quarter of 2024. The company also plans to generate revenue by hosting cryptocurrency mining operations. The leadership team, with extensive experience in finance and technology, is expected to drive the success of this new venture.
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