Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 78

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 78
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11,000 for the year ended December 31, 2024 compared to an income tax expense of $ 12,000 for the year ended December 31, 2023. Our PRC statutory enterprise income tax rate was 25% for the year ended December 31, 2024 and 2023. Our U.S. federal corporate income tax rate was 21% and New York state corporate income tax was ranging from 6.5% to 7.25%.

Net loss attributable to equity holders of the Company. Net loss attribute to equity holders of the Company from continued operations was $ 10.5 million for the year ended December 31, 2024, as compared to a loss attributable to the Company’s shareholders of $ 2.0 million for the year ended December 31, 2023. The increase in net loss attributable to shareholders in 2024 was attributable to the reasons described above. For the year ended December 31, 2023, we had income attributable to equity holders of the Company of $ 10.2 million from discontinued operations.

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Net loss attributed to non-controlling interest.Net loss attributed to non-controlling interest was $ 43,000 and $ 17,000 for the years ended December 31, 2024 and 2023. The non-controlling interest represents the 49% ownership of Hainan Kylin and its subsidiaries.

Results of Operations

Year Ended December 31, 2023 Compared to the Year Ended December 31, 2022

Revenue from livestreaming ecommerce.

For the year ended December 31, 2023 and 2022, revenue from the livestreaming ecommerce was$ 71.1 million and $ 40.7 million, representing an increase of $ 30.4 million, or 74.8%. The significant increase was because the rapid growth of livestreaming industry ecommerce in China and increase of our clientele base. In the year of 2023, the Company had business engagements with more than 70 clients, which represented an increase of nearly 13 clients compared to the same period in 2022. Among these clients, the top five major clients generated revenue of $ 54.9 million in the year of 2023. Additionally, the sales of customized DOU+ services to the Company’s customers contributed revenue of over $ 5.4 million.

Revenue from sales of tile products.

Revenue from sales of tile products was $ 0