Antelope Enterprise Holdings Limited (AEHL) CEO Meishuang Huang on Second Half and Full Year 2021 Results - Earnings Call Transcript

Key Points Company and Industry 1. Company Overview: Antelope Enterprise Holdings Limited (NASDAQ: AEHL) is a company that experienced challenging market conditions in 2021 due to the slowdown of the real estate sector in China and the impact of the COVID-19 pandemic. The company has diversified its business by incorporating new technology sector subsidiaries. [4] 2. Industry: The company operates in the ceramic tile industry, which has been affected by the slowdown in the real estate sector in China. [4] 3. New Business Segments: Antelope Enterprise has entered new markets in China, including business management, information system consulting, and social media, online social commerce, and live streaming. [5] Financial Results 4. Revenue: Revenue for the six months ended December 31, 2021, was RMB 166.2 million or US$25.8 million, a 15% increase from the same period in 2020. [8] 5. Gross Profit: Gross profit for the six months ended December 31, 2021, was RMB 73.8 million or US$11.5 million, compared to a gross loss of RMB 26.9 million or US$4.0 million in 2020. [9] 6. Net Loss: Net loss for the six months ended December 31, 2021, was RMB 19.3 million or US$3 million, compared to a net loss of RMB 81.6 million or US$12 million in 2020. [11] 7. Earnings Per Share: Loss per basic and fully diluted share for the six months ended December 31, 2021, were RMB 3.75 or US$0.58, compared to loss per basic and fully diluted share of RMB 24.85 or US$3.67 for the same period in 2020. [12] Business Outlook 8. Ceramic Tiles: The company expects demand for ceramic tile products to come from Tier 3 and lower-tier cities as well as coastal cities over the next few years. [17] 9. New Technology Business: Antelope Enterprise plans to continue diversifying its operations with new technology sector operations. [18] Other Important Information 10. Lease Agreement: The company entered into a five-year lease agreement to lease out the entire Hengdali facility. [6] 11. Capital Expenditures: The company anticipates a modest level of capital expenditure for 2022. [15]