BEIJING, March 28,
2024 /PRNewswire/ -- NaaS Technology(NASDAQ:NAAS),
the first U.S. listed EV charging service company in China, announced remarkable financial growth
and operational highlights in its newly-released unaudited
financial results for the fourth quarter and full year ended
December 31, 2023. These results
demonstrated the company's "exponential growth and expanding
prowess in energy management and storage solutions" as stated by
CEO Wang Yang.
The company's substantial strides are solidly supported by a
series of financial highlights, and summarized as "significant
milestones in our financial journey" by Alex Wu, NaaS
President and CFO. As reported, NaaS' 2023 revenue reached
RMB320.1 million (US$45.1 million), hitting a 245% YoY growth.
Gross margin increased noticeably from 6.6% to 27.7%, with the
gross profit grew 14.4 times to RMB88.8
million (US$12.5 million) in
2023.
Transacted charging volume through NaaS' network recorded a
holistic increase in 2023. Its charging volume reached 4,958 GWh,
representing a noticeable 81% YoY increase. A 74% YoY growth of
gross transaction value amounted to RMB4.7
billion (US$661.6 million) and
a total of 213.8 million orders demonstrated 75% YoY growth. NaaS'
network had connected 875,655 EV chargers covering 77,017 charging
stations as of December 31, 2023.
The rise has been steady and sustainable. Financial and
operational highlights are foreseen and followed by NaaS'
continuously improved Net Take Rate (NTR) of its interconnectivity
services, as uplifted in fifth consecutive month along with
the further expanded Gross Take Rate (GTR). Metrics are derived
from, according to Wang, "our focus on profitability and effective
strategic execution."
Plus, its service model has been a pluralistic one- report
showed that NaaS' energy solutions revenue has accounted for 58.5%
of the total in 2023. This underlines that the company is on the
track to upgrading to a global energy assets operator, and
leveraging their technological strength to improve the stability
and efficiency of global energy transportation network.
Outspreading partnerships further help to strengthen that.
In the past year, NaaS collaborated with key national operators and
formed joint ventures to construct various energy infrastructures
and provide energy asset operation services. The company's
partnerships with leading automobile manufacturers in 2023,
including Deepal Automobile, GAC Energy Technology Co., Ltd., and
Great Wall Motors (SH601633), have enriched NaaS' digital analytic
platform to yield holistic services for EV owners. Global
partnerships also demonstrated its technology capabilities could be
applied to multiple markets worldwide. Together, NaaS continues to
build out its digital analytic capabilities to facilitate optimized
energy supply solutions for various parties along the industrial
chain.
"We are becoming a pivotal connecting force in the new energy
sector, seamlessly linking industries, services, and users with
digital technology," said Wang, "by deeply integrating with the
real economy and uniting our ecosystem's diverse strengths, we aim
to significantly enhance the new energy charging service experience
and drive the industry's high-quality development."
Enquiries:
Sabrina
Wang
wangxuedong@newlink.com
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SOURCE NaaS Technology Inc.