Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 86

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 86
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 The increase of cash outflow was mainly due to an increase in cash outflow on loan receivable of $ 5.2 million, an increase in operating cash outflow before working capital changes of $ 4.3 million, an increase cash outflow on trade payables of $ 0.5 million and a decrease in cash inflow from trade receivables of $ 0.6 million, which were partly offset by a decrease in cash outflow from unearned revenue of $ 2.3 million, a decrease in cash outflow on accrued liabilities and other payables of $ 0.4 million, and a decrease in cash outflow on taxes payable of $ 0.4 million. Also, there was cash inflow from operating activities of $ 2.0 million and $ 0.8 million from our discontinued operations for the years ended December 31, 2023 and 2022, respectively.

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Cash flows from investing activities.

Net cash used in investing activities for the year ended December 31, 2024 was $ 2.6 million, compared to a cash inflow of $ 2.6 million for the year ended December 31, 2023. The increase in cash outflow was mainly due to the acquisition of fixed assets of $ 4.2 million, which was partly offset by collection of note receivable of $ 1.5 million and decrease in restricted cash of $ 0.3 million.

Net cash generated from investing activities for the year ended December 31, 2023 was $ 2.6 million, compared to a cash outflow of $ 1.6 million for the year ended December 31, 2022. The decrease in cash outflow was mainly due to the decrease in restricted cash of $ 0.6 million, decrease in available-for-sale financial asset of $ 2.4 million and increase cash inflow on notes receivable of $ 1.3 million, which was partly offset by increased cash outflow on acquisition of fixed assets of $ 68,000 and increased cash outflow from cash disposed as a result of disposal of subsidiaries of $ 36,000.

Cash flows from financing activities.

Net cash generated from financing activities was $ 19.0 million for the year ended December 31, 2024, compared to $6.0 million for the year ended December 31, 2023. The increase in cash inflow was primarily due to an increase