Half Year 2022 Antelope Enterprise Holdings Ltd Earnings Call

Good day and welcome to the Antelope Enterprise Holdings first off 2022 earnings conference call.

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Please note today's event is being recorded.

I would now like to turn the conference over to David Rudnick word precept Investor Relations. Please go ahead Sir.

Thank you Rocco good morning, ladies and gentlemen, and getting to those of you who are joining sunshine up welcome to Antelope Enterprises' first half 2022 earnings conference call with US today are Antelope Enterprise Chief Executive officer as much work as long as its chief Financial Officer, Mr. Edmund Hen.

It works on the call over to MS. Wong Elixir dress for looking statements that maybe discussed on the call or at least statements involve risks and uncertainties include among others. Those regarding revenue operating expenses other income and expense taxes and future business outlook actual performance outcomes results may differ materially from those expressed support these statements. The company claims the safe Harbor protections for such forward.

Statements as contemplated under the private Securities Litigation Reform Act of 1995.

Please refer to the documents filed by the copy with the SEC specifically, the most reasonable Porsche forms 20-F, and 6K, which identify important risk factors that cause actual results to differ from those contained in the forward looking statements. We assume no obligation to update any forward looking statements or information, which speak as up their respective dates.

And now it's my pleasure to turn the call over to Antelope, Enterprises' CEO , Ms <unk>, Wang and Antelope Enterprises' CFO , Mr. Edmund Hen shall we say will be translating for Ms. Wang Ms. Wang you May proceed.

Okay.

I thought you are going to find that that sends out early.

Somebody that's helpful.

Yeah.

Thank you David on behalf of the company I would like to welcome everyone to our first top 20 in 'twenty two earnings conference call.

But early piloting some bundling woman kitchen kitchen will remember Tanya.

Some woman that you go in for adult shaky, Shouldnt, well, Linda <unk>, which I can mention yoga at Samsung filled with a bunch of basketball.

Ernie.

Oh, yeah cause yet from Tangshan, who buy them to sensor augmented systems on conduct culture. When we talk to them, we'll let you know.

That said it was something so that we don't call them yet.

This is something.

That's also since you did 10 pounds. She told me Bill.

Yeah.

Well the first part of the physical 2022 we continue to execute our strategic plan. So that we used to fly our business into new technology factory, Alright technology businesses comprised 88%.

Total revenue for the first six now after a year, which followed it comprising 38% of the revenue for the second six months of the physical 'twenty 'twenty. One we absolutely we see sequential growth things they confirmed our entry into new technology, that's great and lastly, I'll say.

The operating results from our legacy ceramic tile business, which has suffered due to the continued both on the real estate sector in China.

Okay.

Yeah.

Women that she could be true.

That's one question.

Sue them and know what you're talking about some talk to me that's just.

She's done I'll call phone call. There was some one can keep on tissue.

So just some quick <unk> video.

Okay.

Well not the appreciation hung yes, without a doubt there's still time to conduct.

One of them was considered semitranslucent that's changing from.

Our new technology subsidiary are engaged in selected markets in China, which we believe has strong growth potential.

Include business management information system consulting online, social Commerce, and media and live broadcast streaming in China were encourage by the market opportunity.

Representative of this new factory and are optimistic that the strategic transformation of the company is on course.

No. We don't go upon data well it seems was hung up that sometimes in Turkey, well me.

She had something that you shopped with you we didn't actually see somebody says she is going to be.

Compounded wholly tend to introduce Sage I didn't you won't mention something to shoot Jin Jiang with <unk> Suisse.

Due to the challenging conditions for real estate and building materials in China.

Tiny tiny one we entered into a five year lease agreement to lease out the hunger relief with them with the same let's say that has been losing all Joseph bolstering up the plan.

Is this thing what Quinn with all over yourself to pay Big Boy when you acknowledge a growth sector.

Woman kidney tissue and Linda Sun, if you want some consequences, we price change in the trends on tissue can you touch on your inputs shrinking, which I will mention here with the Thomson consumed.

Could you show in the Central zone with a fashion show just how quickly will jump out with like Jim and she can shop.

We are committed to our strategic plan to transform the company to operate in for lack of growth technology sectors and are encouraged by the strong contribution from our new businesses to date in.

We believe the online social commerce and live streaming in China, well experienced sustained growth in the years to come.

Michel I wish I can tell it sounds interesting one Jason I think you just saw.

The initial chin consciousness.

Okay.

With that I would like to turn off the call to the Companys Chief Financial Officer.

Who will discuss the company's first half 2022 earnings rates out in more detail. Thank you.

Thank you Paul.

I will now move onto a more detailed look at spectrum.

And it shows itself.

Last month ending June 30th.

If you're trying to.

Our friend here for the six months end June 30th Pardon me too.

What's our M D.

Or you want to call it.

One 9 million.

Hum.

Thank you Mike.

And Chris from RMB.

1 million.

Or are you also now Kevin.

Yeah.

The same thing.

Frank do you want.

Christian referenced here more skewed to the journey.

D.

It's important to me are.

$3 million.

All right.

And consulting segment.

Hey, rich I'll call it four seven.

Some of the company.

Oh I'm sorry.

However, the contribution from all business management and consulting segments.

Oxy offset by RMB, 75, 5 million or you're a solid three 9 million.

Christian So I recall, south which were RMB 16 7 million.

You saw that coupon 6 million for the six month and sure yes currency trends.

Okay.

4% decrease from RMB, 42, 2 million or you saw that.

Thanks.

On Fox media.

Things here with 2021.

We produce it.

Only one of them.

For the six months.

Sure sure.

Right.

To position ourselves.

On that basis.

As possible.

It's difficult it does transition at Cooper.

Uncertainties in China.

I think market.

Well as <unk>.

Continue effort.

The COVID-19 pandemic.

So I'm like Oh, so well.

Pike one 7%.

Chris This is Robert called.

Volume Q1, several new then Jeremy.

Oh from the year ago.

Oh six months sure.

Which was partly offset by 15, 4% and Christian up at southern class to.

Chinese people are big.

Do you have sort of three points.

Gross loss for the six months and it's true.

Brian .

What's our M b $404000.

Yeah.

Compared to Q, a north of RMB, six 5 million or Youre still in the 1 million for the.

Thank you and all kinds of trying to get one.

The blended cost lowest Mazda and what's not.

That compares to a gross loss margin.

Okay.

For the same period I'll talk it won't be one.

It's mostly consist of al Salomi, Paul Hartmann.

During the first half from Q2.

Gross profit margin.

Thanks Sam.

I think Paul Chapman.

And of course corporate margin of one 4%.

My mum and consultants.

Other income for the six month and it's cool.

Me too.

All of them being <unk>.

One 4 million or just under one 6 million.

As compared to RMB, seven 2 million or U S dollar $1 1 million.

For the comparable prevent all kinds of 'twenty one.

Other income.

I'm worthy causes.

Right until you can contact the company.

Instead of a pie.

Thank goodness.

And party rates being quoted building.

Bonds it all along.

In addition.

Wherever you are.

RMB 602.

I will send you a couple of months well.

How many low cost or people outside the region enterprises.

That's it.

You're welcome.

Local you call them.

Sure it would be hundreds of San Juan.

Hmm.

You too.

Oh, Oh Oh.

Yeah.

Hi, Quinn.

Thank you Kevin.

I'll, let Joe finish.

For the six months ended June 30th.

Yes.

Were RMB six 9 million.

On Sakhalin media come brother to all of them be at three 2 million or have you thought about.

Maybe.

For the comparable period trends in 'twenty one.

Yeah Christian fouling of distribution expenses was primarily.

Primarily due to an crazy.

How many shouldn't expenses of RMB one for Martin.

Administrative expenses.

The six months end June 30th.

So in terms of the truth.

Were RMB 16 5 million.

Our U S dollar to fall apart.

Compare that to our M D.

2 million argue I saw the coupons desperately need it.

Well the thing to do at all.

Transient trends you want.

The decrease in administrative expenses was mainly due to a decrease in consultant of.

R&D ballpark that for me.

The net loss for the six months ended June 30th.

You too.

RMB $25 million.

All media.

Compared to a net loss of RMB seven eight.

Neither of them or not.

9 million.

For the same period of time, you're trying to do one.

The decrease in net loss was mainly due to the decrease in bad debt expense.

Yeah.

Decrease in Baltimore.

The increase in our other income as compared to the same period for 'twenty one.

The loss per basic.

And fully diluted share.

For the six months ended June 30th.

Two rather them be volkmann.

Or you have called out separately five.

Compared to a loss per basic and fully diluted share of RMB 16 point in Trenton.

You saw that coupon block one.

What are the same people outside the company won.

Turning to our balance sheet.

As of June 30th trying to trying to be cute rather.

Cash and bank balances of RMB 15 million.

You saw the $2 2 million.

Turkey is going to be trying to be cute.

Compared with RMB, seven 9 million or Youre still in that ballpark.

Ballpark 4 million.

As of December 31st when we talk to them.

So June 'twenty to 'twenty two.

<unk> been preparing loss.

27 states.

Well, that's all good earth yet.

That's comprised of 203.

Up to December .

So the first without than 'twenty one.

The increase in turnkey travel Oprah thanks for hardwood and be able to do.

No doubt we will exit.

And the building material Saturday in China during the six months and in Turkey.

Yeah, you too.

Leap year there.

The value off all occur when your inventory it's.

A lot of people.

The trade the Super Bowl.

I'll follow up with what I would call it that one.

Paul.

At the time.

Well 329 days so that's all good.

Thank you Sue.

Credit 200, I think.

That's helpful.

Sandeep frankly, one.

The increase in trade and you singled those travel primarily due to the snow collection.

I'll call. It trade me typically that's in itself so cash.

Hello.

That's the most due to the COVID-19 pandemic.

Crazy Superbowl telco.

All of our businesses Muslim and consulting segment.

Well knock on three days off to Turkey.

I'm, just trying to get to that.

Compared to what you would have been based off December Pittsburgh.

Conducted in 'twenty one.

The decrease in trade.

Typical telco.

From my son and consulting segment.

Carmody.

Timely collection of outstanding outcome.

When you say propulsion clothing pretty mundane.

From all the times.

The trade payables.

I'll follow so Amit called from that one Matt.

Top value after that.

To date as of June 30th currency trends are cute.

Comprehensive is trying to say well that's all the time, but can you talk too long.

Yeah first childhood days work.

And.

The normal credit period, one two full months grounded.

Got it.

Trey you pay up old child ballpark, Yes, that's marathon and consulting company.

Boxing Pat or Julie.

George you're trying to you're trying to get to.

Compared to the second day, that's all the time about the different kind of 'twenty one.

In terms of our policy I think of that.

We utilized the bonds.

Hey, let's go all producing milk, one stefan near their premises.

Oh, sorry, all my colleagues for the six months and the 2000.

1022.

From credit to be comparable to Amelia and screw around with it.

For the same period of 2021.

We deal with it I think the interior.

Primary exit the book.

Two the continued slow down I'll give you a quick.

The industry in China.

But well still be Indian counterpart.

Lumpkin Yogi pass all COVID-19 pandemic.

Oh, it's colm here.

That's an extra boost to folks who are well paying different cities.

Total and new co different Capex are you trying to trend.

The too Big to me, that's where I think that's all pharmacology.

November 21.

And good into a five year agreement and the fact that you're.

Yes.

Which include the building.

And all of machinery.

And pull different lives.

We review the level of capital expenditures throughout the year.

Subject to market conditions.

Aldo.

This is foundational therapy to change.

We anticipate that more than that.

Okay.

And it shows for the remainder all turnkey 22 other than those associated with minimal work.

Small repairs and maintenance all equivalents.

Moving to our gives us all along.

During the first.

Six month trends to continue that.

All right.

Hum.

Jos from <unk>.

What gets us to diversify our operation due to the difficulties.

But I can see.

All right.

Due to continued slow down.

That's in time.

Therefore.

Beginning in the first half will be difficult to get terms of 'twenty two 'twenty trend.

And two we entered into a new technology.

T O to tactically.

Graham.

Over the last two years.

For the first six months old.

Nickel trends, you're trying to get to the general rate RMB.

$18 2 million or USD, eight coupons free media revenue.

I'm, a new subsea tourist and business management information system consulting.

So does it fell off software use it.

Right. After you hit towards it because its always platform and asset management system.

And on line shows old media platform clothing shop video locks.

Basketball craft ecommerce platform well mundane consulting.

New business outcome.

87, 6%.

Company is wrestling with you for six months.

<unk> and <unk>.

Or are they realize 861, 3% increase in total revenue for the.

The first six months all kinds of traveling to catch up.

I'm proud that through the same favorite 2021.

In particular.

Rapid growth to continue again shows so e-commerce and bolthouse industry in China over the.

The next few years.

Which is the largest in the world.

And that will be there.

Strong growth potential that's my opinion close the new format.

Such as locked Bolthouse team shop, you deal shows so you come right.

Price management, and New York, Scandinavia, where VP they call it SaaS and Paas.

There's some platform.

After capex of <unk>, two couple of lives of Colombia.

With all the people.

We are optimistic that the market opportunity is.

Despite this new sector and are encouraged by strong contribution to your revenue.

Our new patent always give me a sense today.

In terms of ball, so I'm gonna call settling for the six months ended June 30th trying to trying to chew.

It's operating with south continue to be.

The impact of the slowdown of China relaxed acceptance.

This is after those approach with several factors, including the continued as well with my team.

China's central Kauffmann, bringing new assay developers with strict financials due to the Sanchez.

Oh boy leveraging homebuyer.

Mortgage for of course.

I'm finished the homes.

The contract on your new homebuilding stocks automobiles things in some lower tier cities and continue drop in home prices.

You go through these challenging conditions for the six months ending June 32022.

We have developed a plan to co deals that fell only our possibly.

I'll.

Victor yourself out selling and highest margin.

Calls in order to address the market on that is realistic.

I think that that's possible.

Yes.

And that mono.

This plan was not able to so long people coach market condition off the first six months alternative 22.

This also puts it in southern Cal and therefore, all of the in house, where almost all of them.

61, 4% for the first six months I'll take a cold trying to get kind of true.

Credits to the year ago period.

Looking forward we will.

Continue to evaluate and Brooklyn, and the market conditions.

Relapsed et cetera, that'd be about a month ago.

These strategies.

Thanks.

So this is how long would be flat to come on this program.

Because the early deals and just based on information currently available to us.

Which are subject to change and subject to risks and uncertainties.

Such risks and uncertainties.

It didn't come under its public filings.

At this point.

I'd like to open up the call to any question pertaining to our first half.

Two financial themselves.

Operator.

Thank you we will now begin the question and answer session to ask a question you May Press Star then one on you touched on phone.

If youre using a speakerphone please pick up your handset before pressing the keys.

To withdraw your question. Please press Star then two.

We will pause momentarily to assemble our roster.

And ladies and gentlemen, as a reminder, if you'd like to ask a question. Please press Star then one at this time.

Hello, Ladies and gentlemen, this concludes our question and answer session I would like to turn the conference back over to the management team for any final remarks.

Thank you Rocco on behalf of the entire Antelope Enterprise management team I want to thank all of you for interest and participation on the call. This concludes cantaloupe Enterprises' first half 2022 earnings call. Thank you.

Thank you ladies and gentlemen, todays conference has now concluded you may disconnect your lines have a wonderful day.