The following is a summary of the Antelope Enterprise Holdings Limited (AEHL) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Antelope Enterprise reported revenue of $43.5 million for the first half of 2024, a decrease of 2.6% from the previous year.

• Gross profit for the same period was $3.5 million, a significant decrease of 46.7% primarily due to higher cost of goods sold and lower revenues.

• The company experienced a loss from continuing operations before taxation of $6.5 million, which worsened by 19.3% compared to the previous year.

• Loss per share from continuing operations was $0.96, markedly improved from a loss of $3.38 per share in the first half of 2023.

Business Progress:

• Antelope Enterprise has expanded its business engagements to more than 70 clients in the first half of 2024, which represents an increase of nearly 20 clients compared to the same period in 2023.

• The company announced plans to enter the energy field, specifically providing electricity through natural gas generators to support rapidly growing computing sectors.

Opportunities:

• Antelope aims to capitalize on growing demand for livestreaming e-commerce through its KylinCloud subsidiary by matching consumer brand products with hosts and influencers.

• The planned entry into the energy sector aims to directly supply electricity to data centers, capitalizing on the increasing energy demands of large-scale computing facilities.

Risks:

• Transitioning to focus on mid-tier clients in the livestreaming business introduces uncertainty in revenue generation as these clients are still in the early stages of collaboration.

• Entering the energy field introduces operational risks related to the production and distribution of electricity.

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