Company: AEHL
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-008020
Chunk: 30

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-05-01
Form: 20-F
Item: Item 5
Chunk 30
---
25%.
 

  44 
-----
Results of Operations
 
Years Ended December 31, 2024 Compared to the Years Ended December 31, 2023
 
Revenue from livestreaming ecommerce.
 
For the years ended December 31, 2024 and 2023, revenue from the livestreaming ecommerce was $ 98.6 million and $ 71.1 million, representing an increase of $ 27.5 million, or 38.7%. The increase was mainly due to a) our adjustment of our business strategy and focus on expanding new consumers in order to minimize the customer concentration risk, b) business recovery and growth of certain customers. For the year ended December 31, 2024, we have added new clients to compensate for fluctuations with our major clients. For the year 2024, we’ve expanded our portfolio to include a range of mid-tier clients. While their individual sales volumes may not be as good as those of our top clients, this diversification helps to mitigate our market and customer concentration risk. Additionally, some of these clients’ business volume started to grow, and gradually develop from those mid-tier clients to increase the sales volume they can create. In the year of 2024, we had business engagements with more than 256 clients, which represented an increase of nearly 140 clients compared to the same period in 2023. Among these clients, the top five major clients generated revenue of $ 53.1 million in 2024. DOU+ is a live broadcast room targeting tool that has been designed by Douyin, the short-video platform that currently has largest number of users in China (the mainland Chinese counterpart of TikTok). DOU+ is a tool provided to anchors on Douyin that can effectively increase the exposure, interaction and popularity of the live broadcast room, which helps merchants solve the problem of having only a small number of people in the live broadcast room. We sell customized DOU+ applications to our customers that specifically fit their needs at a preferential price. DOU+ revenue for the years ended December 31, 2024 and 2023 was $ 25.3 million and $ 5.4 million.
 
Revenue from sales of tile products.
 
Revenue from sales of tile products was $ 0.4 million for the year ended December 31, 2023. We disposed our tile segment in April 2023.
 
Revenue from business management and information system consulting services.
 
Revenue from business management and