Antelope Enterprise Announces Preliminary Full Year 2023 Revenue of $70.4 Million, a Projected 65% Year-Over-Year Increase

April 1, 2024

https://www.globenewswire.com/news-release/2024/04/01/2855177/0/en/Antelope-Enterprise-Announces-Preliminary-Full-Year-2023-Revenue-of-70-4-Million-a-Projected-65-Year-Over-Year-Increase.html

CHENGDU, China, April 01, 2024 (GLOBE NEWSWIRE) — Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) (“Antelope Enterprise” or the “Company”), which operates KylinCloud, a livestreaming ecommerce business in China with access to 800,000+ hosts and influencers, today pre-announced unaudited revenue of $70.4 million for its fiscal year ended December 31, 2023. This represents revenue growth of 65.3% compared to $42.6 million in revenue recorded for the full fiscal year of 2022. It also presents growth of 73.0% as compared to $40.7 million in revenue generated from the Company’s livestreaming ecommerce business, which represented 84.5% of total revenue generated in fiscal year 2022.

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