Core Viewpoint - NaaS Technology Inc. has received an ESG Entity Rating of '2' from Sustainable Fitch, with an increased score of 78, ranking first in Asia-Pacific and eleventh globally among 170 rated companies across various industries [1][3]. ESG Performance - The rating of '2' reflects NaaS's strong performance in environmental, social, and governance aspects, solidifying its leadership in the EV charging industry regarding sustainability [3]. - NaaS's improved score is attributed to the growth of its green energy solutions business, including expanded services, geographical reach, and client base [4]. Climate Change Commitment - NaaS is the first company in China to receive the "pure-play" label from Sustainable Fitch, emphasizing its commitment to climate change mitigation through innovative EV charging services [4]. - The company has established a comprehensive climate change management system aligned with IFRS S2 standards and aims for carbon neutrality in Scopes 1 and 2, along with 100% renewable energy use by 2028 [5]. Social Responsibility - NaaS adheres to international standards such as the UN Global Compact and actively contributes to rural revitalization in China by expanding EV charging services in rural areas [5]. Governance Practices - The company benefits from a solid internal control and risk management system, along with a low CEO pay ratio, reflecting its commitment to sound governance practices [6]. Strategic Focus - NaaS has integrated ESG governance into its business strategy, prioritizing carbon emission reduction and promoting green development throughout the EV charging value chain [7]. - The "Green Charging, Green World" strategy is based on five pillars: Governance, Reinvention, Eco-consciousness, Empathy, and Nurture ("GREEN"), setting a new standard for sustainability [7]. Future Outlook - NaaS is dedicated to enhancing its ESG practices, driving long-term sustainable growth, and positively impacting the environment and society, with a focus on contributing to a low-carbon future [8].

Core Viewpoint - NaaS Technology Inc. is actively participating in several investor conferences in December 2024, highlighting its position as the first U.S.-listed EV charging service company in China and its commitment to engaging with investors [1][2]. Group 1: Upcoming Events - NaaS will participate in the GuruClub Global Investment Carnival 2025 on December 5, 2024, in Shenzhen, China [1]. - The company will also attend the Guotai Junan 2025 Annual Strategy Conference on December 10, 2024, in Shenzhen, China [1]. - Additionally, NaaS is set to be part of the 9th Zhitongcaijing Capital Market Annual Conference on December 12, 2024, in Shenzhen, China [1]. Group 2: Company Overview - NaaS Technology Inc. is a subsidiary of Newlinks Technology Limited, which is recognized as a leading energy digitalization group in China [2]. - The company offers comprehensive solutions for energy asset owners, including charging services, energy solutions, and new initiatives, supporting all stages of the energy asset lifecycle and facilitating energy transition [2].

Core Viewpoint - NaaS Technology Inc. is actively engaging with investors through participation in multiple conferences in November 2024, highlighting its position as the first U.S.-listed EV charging service company in China [1][2]. Group 1: Upcoming Events - NaaS will participate in the Huafu Securities 2024 Technology & Smart Manufacturing Strategy Conference on November 25, 2024, in Shenzhen, China [1]. - The company will also take part in the NaaS 2024 Institutional Investor Virtual Conference on November 26, 2024, which will be held online [1]. - Additionally, NaaS is scheduled to attend the Tianfeng Securities 'Decisive Moment' 2025 Annual Strategy Conference on November 27, 2024, in Shenzhen, China [1]. Group 2: Company Overview - NaaS Technology Inc. is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China [2]. - The company provides comprehensive solutions for energy asset owners, including charging services, energy solutions, and new initiatives, supporting all stages of the energy asset lifecycle and facilitating energy transition [2].

Financial Data and Key Metrics Changes - The company achieved a positive non-IFRS net profit of RMB20.6 million in Q3 2024, marking the first time in a single quarter [9][23] - Revenue from core charging services reached RMB42.37 million, a year-over-year increase of 36%, with gross margin improving to 57% [11][26] - Operating expenses saw significant reductions, with selling and marketing expenses decreasing to 67% of revenue from 160% year-over-year [13] Business Line Data and Key Metrics Changes - Core charging services revenue surged by 36% year-over-year, while Energy Solutions revenue was only RMB0.56 million due to a strategic shift away from low-margin businesses [24][25] - The gross profit margin improved from 29% in the same period last year to a historical high of 57% [26] Market Data and Key Metrics Changes - The new energy vehicle market in China is growing rapidly, with domestic sales increasing by 45.5% year-over-year and EV market share surpassing 50% [14] - The number of users transacting through the NaaS platform grew by 30% year-over-year, indicating strong market engagement [13] Company Strategy and Development Direction - The company is focusing on profitability, scale, and technology, particularly in interconnectivity charging services [15] - A strategic shift towards high-margin core charging services is aimed at leveraging technological capabilities to meet market demand [12] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining profitability and growth, emphasizing the importance of operational efficiency and scaling high-margin services [57][59] - The competitive landscape is stable, allowing the company to reduce reliance on customer subsidies while enhancing user experience [61][62] Other Important Information - The company has made significant partnerships, including a recent collaboration in Fujian that adds over 100 charging stations and 1,600 chargers to its network [21][75] - The AI-driven NEF system is enhancing operational efficiency and user experience, contributing to the company's competitive advantage [22][76] Q&A Session Summary Question: Progress on gross profit and margin improvement - Management highlighted a gross profit increase of 19% quarter-on-quarter, with gross margin rising from 38% in Q2 to 57% in Q3 [37][38] Question: Operational efficiency and expense trends - Significant reductions in operational losses were achieved, with selling expenses decreasing from RMB50.9 million in Q2 to RMB29.7 million in Q3 [42][44] Question: Revenue composition shift and strategic focus - The company is realigning its strategy to focus on high-margin core services, moving away from capital-intensive Energy Solutions [49][50] Question: Competitive advantages in a tough market - The company leverages advanced AI analytics, strong partnerships, and an asset-light model to maintain its leadership position [52][53] Question: Expectations for sustainable profitability - Management expressed confidence in maintaining profitability, driven by healthy growth in the charging services business and improved operating leverage [57][59] Question: Trends in user subsidies and profitability impact - The company is gradually reducing user subsidies, focusing on enhancing user experience and organic growth [62][63]

Core Viewpoint - NaaS Technology Inc. has successfully launched the "Zhejiang Province Charging Infrastructure Governance and Supervision Service Platform," marking a significant step in enhancing EV charging infrastructure in China [1][2][3]. Group 1: Project Overview - The project was awarded to NaaS in December 2023 after a competitive bidding process, aiming to optimize EV charging infrastructure in Zhejiang Province [2]. - The Platform integrates NaaS's proprietary NEF (NaaS Energy Fintech) system, addressing critical needs such as layout optimization, service uniformity, and operational standards [2]. Group 2: Strategic Importance - Zhejiang Province is a leader in new energy vehicle ownership and public charging piles, making this initiative crucial for supporting the provincial government's goals of accelerating EV adoption [3]. - The Platform serves as a model for potential expansion into other markets, showcasing NaaS's capability to deliver scalable and financially viable technology solutions [3]. Group 3: Financial and Operational Impact - The deployment of the Platform is expected to enhance operational and financial performance, potentially unlocking new monetization opportunities [3]. - In Q2 2024, NaaS's marketing expenses were reduced to 57% of revenue from 177% in Q2 2023, indicating improved operational efficiency [3]. - The company reported a 60% increase in cumulative registered users and a 90% increase in cumulative transaction users during the same period, reflecting heightened user engagement [3].

Core Insights - NaaS Technology Inc. has connected approximately 1.15 million chargers to its network as of September 30, 2024, representing a 30% increase from the end of 2023, which is higher than the national average growth rate of 22% during the same period [1][2][3] Company Overview - NaaS Technology Inc. is the first U.S.-listed EV charging service company in China and is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China [4] - The company provides comprehensive solutions for energy asset owners, including charging services and energy solutions, supporting all stages of energy assets' lifecycle [4] Technological Advancements - The company utilizes AI-powered technologies and its NaaS Energy Fintech system to enhance partner profits, operational efficiency, and predictive maintenance, thereby revolutionizing the supply-side value chain [2] - NaaS is committed to investing in supply-side capabilities and technological advancements to strengthen its position in the EV charging network across China [2] Market Position and Strategy - NaaS aims to drive supply and demand growth in the EV charging industry through strategic partnerships, enhancing access and convenience for users while creating long-term value for stakeholders [2]

Core Insights - NaaS Technology Inc. is focusing on enhancing its interconnectivity charging business by leveraging AI technology and partnerships to develop the EV charging ecosystem in China [1][2] - The company aims to address the growing demand for EV charging services, which has surged by 40% year-over-year in the first half of 2024, indicating a significant market opportunity [2] - NaaS is committed to improving operational efficiency and user experience through AI-driven solutions, including the NEF system for optimizing charging station operations [3][4] Industry Growth - The Chinese new energy vehicle market is expanding rapidly, with EVs representing 7.4% of the total auto market as of August 2024 [2] - The demand for charging services is expected to continue growing, with many stations operating at full capacity during peak times such as the National Day holiday [2] Supply-Side Enhancements - NaaS is expanding its charging station network by attracting local operators through advanced AI-powered services [3] - The NEF system automates site selection and enhances profitability for charge point operators by enabling dynamic pricing adjustments based on real-time demand [3] Demand-Side Expansion - NaaS is increasing its user base by integrating services with car manufacturers and partnering with third-party platforms, including major EV brands and online automobile services [5] - Collaborations with platforms like Autohome and Tuhu Car Maintenance facilitate seamless interoperability, enhancing the charging experience for EV owners [5]

On Wednesday, NaaS Technology Inc. (NAAS, Financial) saw its stock rise significantly, gaining over 14% to reach $4.01 per share.Recently, the company officially joined the China ESG Alliance, becoming the first member from the domestic new energy vehicle charging service sector. This move underscores NaaS Technology's commitment to sustainable development and green, low-carbon practices.As part of the alliance, NaaS Technology will actively share its successful experiences and practices in reducing carbon ...

Core Insights - NaaS Technology Inc. has joined the China ESG Alliance as the first member from China's electric vehicle charging sector, emphasizing its commitment to sustainable practices and low-carbon initiatives [1][2] - The company's GREEN strategy focuses on Governance, Reinvention, Eco-consciousness, Empathy, and Nurture, reinforcing its market leadership in sustainable energy asset operations [1] - NaaS's membership in the China ESG Alliance positions it alongside notable companies like Microsoft and Tencent, enhancing its credibility as a sustainable investment choice in the global new energy sector [1] Company Overview - NaaS Technology Inc. is the first U.S. listed EV charging service company in China and operates as a subsidiary of Newlinks Technology Limited, a leading energy digitalization group [2] - The company provides comprehensive solutions to energy asset owners, including charging services and energy solutions, supporting the entire lifecycle of energy assets [2]

Core Insights - NaaS Technology Inc. has formed a strategic partnership with IM Motors to enhance its automotive ecosystem and charging services for electric vehicle users [1][2] Company Overview - NaaS Technology Inc. is the first U.S. listed EV charging service company in China, providing comprehensive solutions for energy asset owners, including charging services and energy solutions [4] Partnership Details - The collaboration with IM Motors will leverage NaaS's extensive charging network to offer enhanced service features, improving the charging experience for IM Motors customers [1][2] - Users of IM Motors will have access to real-time information about charging stations, including location, pricing, and equipment status through their app and in-car maps [2] Technological Integration - NaaS aims to connect drivers to charging infrastructure by expanding its service network and integrating charging services into intelligent vehicle systems [3] - The company currently partners with major new energy vehicle manufacturers in China, enhancing user experience across over 150 vehicle models [3]