NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue
This sentiment gains support from the quarterly and interim financial results unveiled on
Despite prevailing economic challenges and the ongoing transformation hurdles that loom over the new energy industry, NaaS, though, displays notable resilience.
According to NaaS' financial report for Q2 and H1 2023, the company reported that revenues grew by 121% year over year to
Solid growth could also be witnessed by various perspectives of growing numbers in gross transaction value, number of orders and charging volume transacted through NaaS’ network.
Number of orders transacted through NaaS’ network reached 53.8 million in the second quarter of 2023 and 98.2 million in the first half of 2023, representing an increase of 110% and 110% year over year, respectively. Charging volume transacted through NaaS’ network reached 1,228 GWh in the second quarter of 2023 and 2,251 GWh in the first half of 2023, representing an increase of 112% and 112% year over year, respectively. Gross transaction value transacted through NaaS’ network reached
In the second quarter, 53.4% of NaaS' revenue goes to its offline and innovative services, achieving an unprecedented ratio of over 50%.
As the penetration rate of new energy vehicles continues its upward trajectory, the impending need for a robust and advanced charging infrastructure, encompassing charging stations and related services, is accelerating. Thousands of entrepreneurs are actively remaking this huge industry, where NaaS is one of the front runners.
In the second quarter, NaaS continuously expanded its business layout and improved photovoltaic-storage-charging integrated solution, catering to the growing demand for EV charging in the market.
NaaS has reached strategic cooperation with Diandian Cloud, a subsidiary of Risen Energy - the global leading PV module manufacturer, aiming at providing systematic digital solutions for rural PV programs, thus facilitating the construction and layout of household PV power.
Recently, NaaS' subsidiary Nengcang Technology has also secured a
As revealed in the report, based on preliminary assessment of the current market conditions, NaaS reaffirms its previous guidance and expects its full-year 2023 revenues to be between
Accelerating Globalization Layout and Targeting as a Leading Player in the Global Energy Market
The consensus opinion is that going forward, as the world’s charging service market continues to grow and mature commercially, it is likely to grow by leaps and bounds - and capital is always the first-mover.
Based on its solid business growth and promising financial performance both home and abroad, NaaS has attracted wide attention in the capital market. Previously in May, NaaS completed a new round of a SPO transaction, involved Dr.
While basking in the limelight of capital infusion and commendable half-year performance, NaaS' ambitions go beyond the ordinary. Drawing upon its success in domestic market, NaaS has embarked on a global expansion journey since this year.
In June, NaaS announced a definitive agreement to acquire 89.99% of the issued and outstanding shares of Sinopower HK, the preeminent one-stop solar PV service provider in
“Through expanding our one-stop charging services, advancing integrated energy systems, and strategic acquisitions, we aim to become a leading player in the global new energy asset operation and management services market in the long term,” Mr.
NaaS' journey is not just a story of financial gains and business expansion but also one of strategic vision and adaptability. While facing the headwinds of economic challenges and industry transformations, NaaS has managed to not only weather the storm but thrive within it. With a robust network of charging stations, innovative solutions, and a global layout, NaaS is poised to play a pivotal role in the future of the new energy industry as committed to become a leading provider in the global energy services market. As the world looks toward a greener future, NaaS is not merely keeping pace but setting the course for a brighter and more sustainable tomorrow.
About NaaS Technology Inc.
Hui Meng NewLink Group, NaaS Technology Inc.pr-at-enaas.com
Source: NaaS Technology Inc.