Q4 2022 Antelope Enterprise Holdings Limited Earnings Call
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Speaker 2: Good day and welcome to the Antelope Enterprise Holdings second half in fiscal year 2022 earnings conference call.
Speaker 2: All participants will be in listen-only mode.
Speaker 2: Should you need assistance? Please signal a conference specialist by pressing the star key, followed by zero.
Speaker 2: After today's presentation, there will be an opportunity to ask questions.
Speaker 2: To ask a question you may press star then one on a touchstone phone.
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Speaker 2: Please note this event is being recorded.
Speaker 2: I would now like to turn the conference over to David Rudnick.
Speaker 2: Please, go ahead.
Speaker 3: those of you who are joining us from China. Welcome to Antelope Enterprise holding second half of fiscal year and 2022 earnings conference call. With us today are Antelope Enterprises Chief Executive Officer Mr. Will Zhang, and Chief Financial Officer Mr. Edmund Henn. Before I turn the call over to Mr. Zhang, I would like to address four leading statements that may be discussed on the call. All of these things involve risks and uncertainties and include among others those regarding revenue.
Speaker 3: property expenses, other income and expense taxes and future business outlook. That's a future performance. How can these results make different materially from those expressed in forward-looking statements? The company claims the safe harbor protection for such corporate statements is contemplated under the profit-series litigation reform by G95.
Speaker 3: These refer to the documents filed by the company with the SEC. Specifically, the most reasonable portion of forms 20F and 6K, which identifying important risk factors that could cause extra results to differ from those contained in the forward lig statements. There's some no obligation to update any forward lig statements or information which speak as of their respective dates.
Speaker 3: And now it's my pleasure to join the call over to Antelope Enterprises CEO , Mr. Will Jong, and Antelope Enterprises CFO , Mr. Edmund Hent. Charlie J. Will be transmitting for CEO , Will Jong. Mr. Jong, he may proceed.
Speaker 4: Thank you, David.
Speaker 4: speaker story has figured the growth. Molecular
Speaker 4: Thank you.
Speaker 2: Thank you, David. On behalf of the company, I would like to welcome everyone to our second half and the physical year end 2022 Ernest Conference call.
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Speaker 4: shared the total sales of 96 percent, Directly across the Moon in 2010-22, the total income of 4,chuckles 70,000 public comment that our Penguin Project continued ccony in the implementation of bubble
Speaker 4: from 2021.
Speaker 4: 39,624 people are increased to 32,222,311,666 people are increased to 8 people. Thank you.
Speaker 2: our team in 2022 and the police with our results as we successfully executed our strategic plan to enter the high growth live streaming income merge sector. Our treatment clause live streaming business generated 96% of our total revenue for the second half of 2022.
Speaker 2: $27 million for the four-year 2022. Modestly, ahead of our pre-announcement.
Speaker 2: and the registered insurers and hosts on our Cuban Club platform increase 8 times to 360,636 in 2022 from 39,624 in 2021.
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Speaker 2: As a first mover in the live streaming income space, Clinton Cloud provides Turkey live streaming marketing and broadcasting services to consumer brand companies by matching companies brand characteristics and products with host and influencers.
Speaker 2: This result in live e-streaming sales presentations that can generate increased sales and profitability for this company. We believe that Killian Cloud has the core competencies to increase market share and be highly competitive in this key sales channel as a pupil in the sector. Thank you.
Speaker 4: segments, our ancestors, and the weergame repeat ten So that he lifted power and healing exercises, a tremendous perceptual support. In keeping.
Speaker 4: I have faith and encouragement and dedication for ancient times. Thank you.
Speaker 2: I believe that we have tremendous market opportunities ahead of us and have the financial resources of pretty infrastructure and the vibrant team culture.
Speaker 2: I'm Jurnius Lake, excited about our unique business model and execution. Compete.
Speaker 2: capabilities and I'm confident that we will create a value for our shareholders.
Speaker 4: projus wasanshin childhood of near Adam manhan shares a ive SHI has. Were also earning earlier.
Speaker 4: Thank you for your understanding. Thank you. Thank you.
Speaker 2: With that, I would like to turn off the call to the Co-Fan and Chief Financial Officer, Mr. Edwin-Hun, who will discuss the company's second and the physical year end 2022 on these three doubts in more detail. Thank you.
Speaker 3: Thank you, Mr. John . I will now move to a more detailed discussion of our financial results.
Speaker 5: for the six months ending December 31st, 2022.
Speaker 5: per per new for the 6 month and December 31, 2022, for SRMB 168.1 million, or US dollar 24.1 million, 844 T, 864 T, 4.3% increase.
Speaker 5: from RMB 63.6 million for August dollar, like on 9 million.
Speaker 5: for the same period of 2021. The increase in revenue was due to RMB 161.4 million, or you store a 23.1 million.
Speaker 5: In revenue generated from.
Speaker 5: Killing Cloud. The company's live streaming e-commerce business in the second half of 2022.
Speaker 5: which constitute 96% or second half of 2022 of the total come of the revenue.
Speaker 5: Cross-Pofect for the 6th month and December 31, 2022, OSRMB 26 million, or your store 3.7 million.
Speaker 5: as compared to RMB 1 million or USD not 1 million
Speaker 5: for the same period of 2021. Increasing growth profit of still to RMB 25 million.
Speaker 5: or your dollar 3.6 million. It was perfect. Generated by...
Speaker 5: of 2022. First, our course of the margin was 15.5%.
Speaker 5: for the live streaming e-commerce, instance as camera deteriorate goals, target margin, or fight on one's percent.
Speaker 5: for the second half of 2021. Other income for the six months and December , so the first 2022, was our R&B 1.3 million or your stock at 0.2 million.
Speaker 5: as completed to RMB 24,000 or your dollar 4,000 for the comparable period of 2021. Selling and distribution expenses for the 6th month and December 31, 2022.
Speaker 5: The RLNB was $4.5 billion or US$2.1 million.
Speaker 5: for the comparable current to that 2021. Increase was due to an increase in commission expenses, advertising expenses, and triple to killing cloud. Administrative expenses for the six months and December 31, 2022 were RMB 21.6 million or your store of 3.1 million. As compared to RMB 8.3 million or your store of 1.3 million for the same period of 2020-21.
Speaker 5: The increased administrative expenses was mainly due to increased and professional fees, compensation fees, insurance expenses, R&D, federal expenses and promotional expenses.
Speaker 5: I am reading porridgetable to Kevin Cloud.
Speaker 5: Next loss from continuing operations.
Speaker 5: for the 6th month and December 31st.
Speaker 5: 2022 was RMB 6.1 million, for a US dollar 0.9 million. As compared to RMB 4,17.7 million.
Speaker 5: or US$2.8 million for the same period of 2021. In terms of our live streaming e-commerce business, net income was RMB not on 7 million or US$0.1 million for a second half of 2022.
Speaker 5: and it nets lots of RMB 1.4 billion or your std on 0.2 million for the second half of 2021.
Speaker 5: But decreasing the company's total net loss from continuing operations was mainly due to the increasing growth of the eligible to outlive streaming e-commerce business.
Speaker 5: and the reversal of that type of expense.
Speaker 5: that code in the second half of 2022.
Speaker 5: as compared to the same period of 2021.
Speaker 5: Nors per basic shear and full-dialed shear from continuing operation.
Speaker 5: from the 6th month and December 31, 2022.
Speaker 5: where I am being not on 73 or US dollar not on 1.
Speaker 5: has converted to loss for a basic and full data to share. So far, it has been 3.44 for US dollar and up to 5.3.
Speaker 5: or the same period of 21. Turning to our balance sheet.
As of December 2022, we have cash and bank balances for our R&B 3.9 million or your solar not on 6 million. As of December 31, 2022, compared with our R&B 27.9 million or your solar 4.4 million. Adelaide for the U.S. Access tolrm ???ow
As of December 31st 2021. Trade cyclops 12 was 0 of December 31st 2022. Due to no outstanding trade cyclops cyclops.
of December 31st, 2021. Trade recyclables channel for was zero of December 31st, 2022, due to no outstanding trade recyclables. At December 31st, 2022.
as term traded with 11 days of December 31, 2021. Trade pay-a-botern over of our show show and live streaming e-commerce business.
For three days, as of December 31, 2022, as compared with seven days, as of December 31, 2021. As has been properly announced, over the past two years, the company announced a pre-transformation to...
I went to the high growth technology areas, which include a position of a social and large-streaming e-commerce business.
In December , 2022, the company's part of the RGN unanimously agreed to the arrest of its legacy so on how the building material were business.
on December 30, 2022.
the company and turn into a share purchase agreement, purchase where you're going to sell the company's legacy, some of the talent manufacturing business to a new Stonehenge Limited.
Thanks, Chantel, for a five-person unsaturated, promising notes.
With a principal amount of your store, 8.3 million, 5 million.
Turn up to feel much each again for years.
And the 5% increase in the principal amount of the notes is to be paid in four and new instruments.
on this on February 21st, 2023.
The company's shareholders approves to the styles of this business and on April 28th is transition closed
and the company comes to it the rest of the business.
We'll think to our outlook to come from the operating life streaming e-commerce business.
We'll think to our outlook. The company operates a live streaming business, the ReusCleaning.
cloud subsidiary, which comprises virtually all of the antidote enterprises on going business operation.
Killing clouds perform strategy matches of appropriate hosts.
and influence yours through the product and consumer brand, come in rich, clear, salt.
in the increased south for consumer brand companies. For the second six months and the full year 2022.
feeling cloud generate 96% and 84.5% of the company's total revenue respectively.
The company believes that life's during product market is an important growth engine.
or consumer brand, companies, since yet, high chance.
and consumers and engagements, and can build brand loyalty through rich contents and on my interaction. The company expected the live streaming e-commerce, real-con price and effort, increased sync and percentage of Chinese economic and economic sales.
in the years I had spurred by a customer ecosystem that included young demographic and
that spur by a customer ecosystem that includes a young demographic and higher.
and their higher usage range of mobile devices. They your child also be lifted that China's live streaming e-commerce.
That's how we experienced high-level digit growth for many years to come. And the company used and triggered by a strong contribution to revenue of years, current cloud subsidiary to the base. And the company used and triggered by a strong contribution to revenue of years, current cloud subsidiary to the base.
This is our last comment on this current and primarily it builds and you're based on the information currency available to us.
which are subject to change and subject to risk and uncertainties.
As well as RISA and CERN to get identified in the company's public violence on a particular road flowing from the office across the country.
At this point, we would like to open up the call to any questions pertaining to our second half and physical yet 2022 financial results.
Operator please.
Thank you. We will now begin the question and answer session. To ask a question, you may press star then one on your touch-tone phone.
If you are using a speaker phone, please speak up your handset before pressing the keys.
If at any time your question has been addressed, you would like to withdraw your question. Please press star then two.
At this time, we'll pause momentarily to assemble our roster, but again to ask a question, star one.
Our first question comes from Darren Evans from PLC Capital. Darren, please go ahead.
Great. We do work on the tradition of press and business guys. A couple of three questions. First is, how is the first half of 2023 tracking?
I'll use the 2020
Yes, Chinese-T?n. Tru mean? against China.
Mary, we now have your question again. Cool. How is the first half of this next fiscal year, second?
We do not disclose the forecast for our guidance at this point.
We have a significant growth from our data for the first few months, so we believe that.
We will have to have a rather promising
videos we have seen left out in difference ?AUDIENCE
At some point in time when you guys started, is your guidance?
at some point in time when you guys started issue guidance.
We assume you notice we will announce our results in the second half reporting and also the EAM reporting.
So which will be the summer in September ?
We will announce our second half reporting so you will know the results for our second half first half results Whenever we have some good news to the market we will let the US trade knows our good news to them
Okay, great. And how about the ownership of the managed team and the major stakeholders who have the major owners of the company?
We just have announced our this 20F. So you may refer to our annual reports just announced today, public today. We have some basic management ownership on this 20F.
Okay, okay, great. I have that. That's all my questions. Thank you. Good work, guys.
I think that's all my questions. Thank you. Good work, guys. Thank you very much.
Again, reminding you if you want to play the question, press star one.
Our next question comes from Jeff Kohn. It's a private investor. Jeff, please go ahead.
Yes, how big of a market is this for your clean cloud?
This is a very big market, but we do not have official statistics on this. This is a very big market, but we do not have official statistics on this.
And we believe that we only have a very small market share at this moment. And we believe that we still have a lot of huge room to grow in our sector.
Yes, are there other public companies that we should compare you to? There's no strict comparison for the public company because we are in the revenue nature and new sector And we are doing very differently from the markets, but there's one
seen with some similarities with our business, which are listed in Hong Kong.
that the decay is two to nine one, I think. I remember. So you may try on death.
Okay, and then if I'm reading this right, you're not profitable yet, but when do you expect to reach a profitability?
And then if I'm reading this right, you're not profitable yet, but when do you expect to reach a profitability? Um.
We are still in the beginning of our business right now. We believe that...
This year we can have a break even and from
We believe that we will have a break even from this year. So in terms of future...
I cannot promise anything at this moment, but we think that we will have a very significant experience of
Okay, thank you.
Okay, thank you. Thank you.
Thank you. Once more, press star one to pose a question.
It's no more questions are placed at this moment.
I would like to turn the conference back over to David Rudnick for any closing remarks. Thank you. Thank you, Marles. On behalf of the entire Anil Pinter Prize Management team, I want to thank all of you for your interest and participation in this call. Thank you.