Antelope Enterprise Hldgs Ltd Stock Price, News & Analysis

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) reported on July 19, 2022, that it has regained compliance with NASDAQ's minimum bid price requirement. The company achieved this when its common stock closed at or above $1.00 for 10 consecutive business days, confirming that the matter is now resolved. Antelope is a key manufacturer of ceramic tiles in China, offering a wide range of products for residential and commercial use. In addition to manufacturing, the company is involved in business management, information system consulting, and online social commerce.

Antelope Enterprise Holdings (NASDAQ: AEHL) received a deficiency letter from Nasdaq on June 23, 2022, as its stock closed below the $1.00 bid price requirement for 30 consecutive days. The company has until December 20, 2022, to regain compliance with Nasdaq's Bid Price Rule, with an option for a second 180-day compliance period. If it fails to comply, delisting may occur, but the company can appeal. Antelope may consider a reverse stock split as a possible corrective action to meet the listing requirements.

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) reported financial results for the second half and full year ending December 31, 2021. Revenue rose by 16.0% to RMB 166.2 million (US$ 25.8 million), driven by new technology ventures contributing 38.3% of total revenue. Gross profit improved to RMB 73.8 million (US$ 11.5 million) from a loss of RMB 26.9 million. However, bad debt expenses surged to RMB 75.7 million (US$ 11.8 million). The company aims to pivot towards technology sectors amidst challenging real estate market conditions in China.

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) will hold a conference call on May 2, 2022, at 8:00 am Eastern Time to discuss its financial results for the second half and full year ending December 31, 2021. The earnings press release will be available on its Investor Relations page prior to the call. Antelope, a top ceramic tile manufacturer in China, provides various tile styles for residential and commercial use and engages in business management and consulting services.

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) reported a revenue of RMB 50.1 million (US$ 7.7 million) for the six months ended June 30, 2021, marking a 25.9% increase from RMB 39.8 million (US$ 5.6 million) in the same period of 2020. However, the company faced a gross loss of RMB 6.5 million (US$ 1.0 million) compared to a gross profit of RMB 0.9 million (US$ 0.1 million) in 2020, mainly due to strategic inventory sales at reduced prices. Net loss decreased to RMB 70.8 million (US$ 10.9 million), down from RMB 111.5 million (US$ 15.8 million) in 2020, aided by a reduction in bad debt expense.

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) has announced a conference call at 8:00 am Eastern Time on September 30, 2021, to discuss its first half financial results ending June 30, 2021. The earnings press release will be available beforehand on the company's Investor Relations page. Antelope, a leading manufacturer of ceramic tiles in China, offers products under various brands, including 'Hengda' and 'TOERTO', with over 2,000 style, color, and size combinations. The company distributes its tiles through exclusive distributors and directly to large property developers.

Antelope Enterprise Holdings, Ltd. (NASDAQ: AEHL) announced a registered direct offering of securities with gross proceeds of $3,180,295. The Company will issue 913,875 common shares at $3.48 per share, with investors receiving unregistered warrants for each share purchased. These warrants are priced at $3.42 and will expire five years from issuance. The net proceeds will be used for general corporate and working capital purposes. The offering is scheduled to close around June 14, 2021, pending closing conditions.

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) reported its financial results for fiscal year 2020. Revenue fell to RMB 183.0 million (US$ 26.5 million), down from RMB 327.6 million (US$ 47.4 million) in 2019. The company experienced a net loss of RMB 193.1 million (US$ 28.0 million), compared to a loss of RMB 9.5 million (US$ 1.4 million) in 2019. Key challenges included a 9.1% decrease in average selling prices and a bad debt expense of RMB 150.3 million (US$ 21.8 million). Despite these difficulties, Antelope aims to expand operations in Southeast Asia and innovate in building materials as market conditions improve.

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) will hold a conference call on April 28, 2020, at 8:00 AM ET to discuss its second half and full year financial results for fiscal year ending December 31, 2020. The earnings press release will be available on their Investor Relations page prior to the call. Antelope is recognized as a leading manufacturer of ceramic tiles in China, with a diverse product range for both residential and commercial use, distributed through exclusive partnerships.