Antelope Enterprise Holdings Limited (AEHL) is up 8.33% in the pre-market trading session at the price of $3.38 despite any recent news. AEHL is a leading company of ceramic tiles in China. These ceramic tiles are used in residential and commercial buildings to design exterior siding and interior flooring.
AEHL Announced Pricing of Registered Direct Offering
On 10th June 2021, AEHL published that it has entered into definitive agreements with institutional investors for a registered direct offering of securities with gross proceeds of $3,180,295. The closing of the offering took place on 14th June 2021. The agreement is subject to the satisfaction of customary closing conditions.
As per the offering, AEHL will issue 913,875 registered common shares at a purchase price of $3.48 per share. The investor will receive unregistered warrants from the company to purchase one common share. These warrants have an exercise price of $3.42 per share. They will be exercisable on the date of issuance and will expire five years from the date of issuance.
Announcement of Second Half and Full Year Fiscal 2020 Results
On 28th April 2021, AEHL announced its financial results for the second half and the fiscal year ended 31st December 2020.
Six Months Results Ended 31st December 2020
AEHL reported revenue of RMB 143.2 million (US$ 21.1 million) for the six months ended 31st December 2020. A 4.6% drop from RMB 150.2 million (US$ 21.4 million) for the same period of 2019. The decrease in revenue was due to the 9.1% decrease in average selling price to RMB 21.8 (US$ 3.34) for the second half of 2020 from RMB 24.0 (US$ 3.41) for the same period of 2019. It was partially offset by the 4.8% increase in sales volume to 6.6 million square meters of ceramic tiles for the second half of 2020.
AEHL reported a net loss of RMB 81.6 million (US$ 12.0 million) for the six months ended 31st December 2020. A net profit of RMB 183.7 million (US$ 26.1 million), was reported for the same period of 2019. The net loss was due to the gross loss and the bad debt expense incurred in the second half of 2020. Loss per share, basic and diluted, was RMB 24.85 (US$ 3.67) for the six months ended 31st December 2020. Profit per share of RMB 92.01 (US$ 13.08), was reported for the same period of 2019.
Full Year 2020 Financial Results
AEHL reported revenue of RMB 183.0 million (US$ 26.5 million) for the year ended 31st December 2020. Revenue was RMB 327.6 million (US$ 47.4 million) for the year 2019. Net loss for the year ended 31st December 2020 was RMB 193.1 million (US$ 28.0 million). A net loss of RMB 9.5 million (US$ 1.4 million), reported for the same period of 2019. Loss per share was RMB 65.67 (US$ 9.51) for the year ended 31st December 2020. The loss per share of RMB 4.68 (US$ 0.69), reported for the same period of 2019.
