Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 76

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 76
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 2023.

Gross profit (loss) for livestreaming ecommerce. Gross loss for the livestreaming ecommerce was $ 0.1 million and gross profit of $ 8.4 million for the years ended December 31, 2024 and 2023. The gross loss for the year ended December 31, 2024 was due to fierce competition in this industry; in order to cope with the market competition, we have temporarily lowered our service rates for our customers to maintain the existing customers and attract new customers. We plan to first seize the market with low prices, and after establishing relationships with customers, we will create competitive barriers by continuously improving our diversified value-added services, and slowly increase customer prices to ensure profits. We will strengthen our cooperation with public domain traffic such as Douyin, to promote our diversified value-added services which will bring us more profitability.

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Gross loss for sales of tile products.Gross loss for the tile products was $ nil and $ 0.7 million for the years ended December 31, 2024 and 2023.

Gross loss for business management and consulting.Gross loss for the business management and consulting services was $ 25,000 and $ 0.9 million for the years ended December 31, 2024 and 2023.

Other income.Other income for the year ended December 31, 2024 was $ 2.1 million, as compared to $ 0.5 million for the same period of 2023. For the year ended December 31, 2024, other income mainly consisted of interest income of $ 844,000, government grant of $ 1,250,000 and other income of $8,000. For the year ended December 31, 2023, other income mainly consisted of a government grant of $ 42,000, interest income of $ 302,000, loan forgiveness of $ 167,000 and other income $ 15,000.

For year ended December 31, 2023, we had other income from the discontinued operation of $ 0.8 million, which were mainly attributable to the income from leasing out one of the production lines from our Hengdali facility pursuant to an eight-year lease contract.

Selling and distribution expenses.Selling and distribution expenses were $ 0.5 million for the year ended December 31, 2024, compared to $ 7.4 million for the year ended December 31,