Antelope Enterprise Announces Select Preliminary Unaudited Financial Results for the Fiscal Year 2022: Revenue of $39.1 Million
Antelope Enterprise Holdings Limited reported significant growth in its livestreaming social ecommerce business for the fiscal year ended December 31, 2022. Revenue surged 360% year-over-year to approximately $39.1 million from $8.5 million in 2021. This growth was fueled by the gross merchandise value (GMV) increasing 266% to $329.3 million
with registered influencers rising 699% to 316,696. CEO Will Zhang expressed pride in the team's achievements, highlighting the platform's efficiency in delivering higher ROI for brands compared to traditional celebrity endorsements. Full financial results will be disclosed in April 2023.
- Revenue increased 360% YoY to $39.1 million for FY 2022.
- Gross merchandise value grew 266% to $329.3 million.
- Registered influencers surged 699% to 316,696.
- None.
Revenue from AEHL's New Livestreaming Social Ecommerce Business
Increased
The unaudited year-over-year revenue growth was driven by KylinCloud's gross merchandise value (GMV), a measure of the value of products sold by social media influencers and anchors on the platform, grew to
"I am extremely proud of the achievements of our team in 2022 and pleased with our top line results," said Mr.
"In terms of our client servicing of brand companies, our platform is a more scalable and affordable way for them to sell their products than to hire a famous social media celebrity which generates a higher ROI on their ad budget. We look forward to updating our shareholders with more information when we announce our full year 2022 financial results in April," concluded CEO
Note About Preliminary Results
The financial results presented in this release are preliminary and may change. This preliminary financial information includes calculations or figures that have been prepared internally by management. The Company's independent registered public accounting firm has not finished its audit of, and does not express an opinion with respect to, this data. There can be no assurance that the Company's actual results for the periods presented herein will not differ from the preliminary financial results presented herein, and such changes could be material. These preliminary financial results should not be viewed as a substitute for full financial statements prepared in accordance with
About
For more information, please visit our website at http://www.aehl-kylin.com/, or follow the Company on Twitter at https://twitter.com/aehl_ltd. To receive the Company's public announcements, please email investor@aehltd.com.
Safe Harbor Statement
Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, without limitation, the continued stable macroeconomic environment in the PRC, the PRC real estate, construction and technology sectors continuing to exhibit sound long-term fundamentals, our ability to bring additional ceramic tile production capacity online going forward as our business improves, our ceramic tile customers continuing to adjust to our product price increases, our ability to sustain our average selling price increases and to continue to build volume in the quarters ahead, and whether our enhanced marketing efforts will help to produce wider customer acceptance of the new price points; and our ability to continue to grow our business management, information system consulting, and online social commerce and live streaming business. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2021 and otherwise in our
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