NAAS - NaaS Q4: 245% Topline Growth And Expected To Break Even In 2024

2024-04-02 11:08:37 ET

Summary

• The company reported robust revenue growth and significant margin improvement, on track to achieve break-even by the end of 2024.
• NAAS is diversifying its revenue streams, with energy solution services now accounting for 58% of total revenue.
• China's EV industry leads globally, experiencing unparalleled growth, which fuels substantial expansion in the EV public charging sector.

NaaS Technology (NAAS) is a one-stop charging solution provider to charging station owners offering services through a station's initial building, operating and upgrade, as well as additional service stages. Its services span across the entire life cycle of a charging station, including 1) mobility connectivity services to public users during a station's operation stage, 2) offline services including site selection, charging equipment procurement, EPC and financing to charging station owners at the initial station building stage, 3) offline operating/maintenance services, other non-charging station upgrade and additional services like ESS/PV EPC, Virtual Power Plant (VPP) trading and battery testing and recycling and battery swap services to charging station owners at the stations' operating and upgrade/additional service stages....

For further details see: