{"id":783004,"date":"2023-09-11T08:38:28","date_gmt":"2023-09-11T12:38:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/"},"modified":"2023-09-11T08:38:28","modified_gmt":"2023-09-11T12:38:28","slug":"naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/","title":{"rendered":"NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">Beijing, China, Sept.  11, 2023  (GLOBE NEWSWIRE) &#8212; The  year 2023 has undeniably brought economic recession on a global scale,  where market volatility has become the norm, casting a shadow over  numerous industries. However, against this backdrop of uncertainty,  several brokerages have singled out the new energy sector as a beacon of  investment potential for the year, making it a central focus of their  endeavors.\u00a0<\/p>\n<p align=\"left\">This sentiment gains support from the quarterly and interim financial results unveiled on September 8<sup>th<\/sup>, by\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qskFRJq1YydOTuSYYRdyPsAsdTJP0ZyKxXWIJHq9I-zwjCyipIYVEZHqWZChX_Wr\" rel=\"nofollow noopener\" target=\"_blank\">NaaS<\/a>\u00a0Technology Inc.\u00a0(NASDAQ: NAAS),\u00a0a leading EV charging service provider, as well as\u00a0the first U.S.\u00a0listed EV charging service company in China.<\/p>\n<p align=\"left\">Despite  prevailing economic challenges and the ongoing transformation hurdles  that loom over the new energy industry, NaaS, though, displays notable  resilience.<\/p>\n<p align=\"left\">\n        <strong><br \/>\n          <b>NaaS Bucks the Trend Amid the Mist<\/b><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"left\">According  to NaaS&#8217; financial report for Q2 and H1 2023, the company reported that  revenues grew by 121% year over year to RMB 48.6 million (US$6.7  million) in the second quarter of 2023 and 132% year over year to RMB  84.8 million (US$11.7 million) in the first half of 2023.\u00a0<\/p>\n<p align=\"left\">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\u2019 network.<\/p>\n<p align=\"left\">Number  of orders transacted through NaaS\u2019 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\u2019 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\u2019 network reached RMB 1.2  billion (US$160.8 million) in the second quarter of 2023 and RMB 2.2  billion (US$297.4 million) in the first half of 2023, representing an  increase of 109% and 108% year over year, respectively.\u00a0<\/p>\n<p align=\"left\">In  the second quarter, 53.4% of NaaS&#8217; revenue goes to its offline and  innovative services, achieving an unprecedented ratio of over 50%.<\/p>\n<p align=\"left\">\n        <strong><br \/>\n          <b>Navigating China&#8217;s Thriving EV Landscape and Striving for Global Leadership in Integrated Charging and Storage Solutions\u00a0<\/b><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"left\">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.\u00a0<\/p>\n<p align=\"left\">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.\u00a0<\/p>\n<p align=\"left\">NaaS  has reached strategic cooperation with Diandian Cloud, a subsidiary of  Risen Energy &#8211; 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.\u00a0<\/p>\n<p align=\"left\">Recently,  NaaS&#8217; subsidiary Nengcang Technology has also secured a RMB204 million  energy storage order by cooperation agreements with several enterprises.  The company will provide an all-inclusive, integrated service package  including energy storage facilities procurement, energy storage energy  integrated system, EMS energy management platform as well as intelligent  site selection and supervision &amp; commissioning among other  services.\u00a0<\/p>\n<p align=\"left\">Ms. Yang Wang, founder and CEO of NaaS, marked this achievement as\u00a0\u201cfurther  boosting our confidence in achieving our full year revenue target and  signifying a solid step forward in propelling the integrated  photovoltaic-storage-charging station development.\u201d She added that\u00a0\u201cour  strategic partnerships also continued to deepen and broaden, with  leading enterprises attracted to our innovative solutions and one-stop  services\u201d.<\/p>\n<p align=\"left\">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 RMB500 million (US$69 million) and  RMB600 million (US$83 million), representing a year-over-year increase  of 5 to 6 times.\u00a0<\/p>\n<p align=\"left\">\n        <strong><br \/>\n          <b>Accelerating Globalization Layout and Targeting as a Leading Player in the Global Energy Market<\/b><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"left\">The consensus opinion is that going forward, as the world\u2019s  charging service market continues to grow and mature commercially, it  is likely to grow by leaps and bounds &#8211; and capital is always the  first-mover.<\/p>\n<p align=\"left\">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. Adrian Cheng, the eldest grandson of Mr. Cheng  Yu Tung and the head of the family business, one of the four families  of Hong Kong, and CST Group, an established HK-listed company, as its  new strategic investors. In July and September, LMR Partners Limited  completed two purchases of the US$30 million convertible note and US$40  million convertible note, respectively, from NaaS, convertible into  American depositary shares representing NaaS&#8217; ordinary shares.<\/p>\n<p align=\"left\">While  basking in the limelight of capital infusion and commendable half-year  performance, NaaS&#8217; ambitions go beyond the ordinary.\u00a0Drawing upon its success in domestic market, NaaS has embarked on a global expansion journey since this year.<\/p>\n<p align=\"left\">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 Hong Kong with a market share of 35%, to  move a step further towards its integrated photovoltaic and energy  storage strategy. In its latest announcement in August, NaaS shared the  news of acquisition of the Sweden-born leading EV charging solutions  provider Charge Amps for SEK 724 million (USD 66.4 million), a landmark  deal positioning the company to make significant strides into Europe and  the broader global energy market.\u00a0<\/p>\n<p align=\"left\">\u201cThrough  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,\u201d Mr. Alex Wu, NaaS\u2019 President and Chief Financial  Officer said.<\/p>\n<p align=\"left\">\n        <strong><br \/>\n          <b>Bottom Line<\/b><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"left\">NaaS&#8217;  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.\u00a0<\/p>\n<p align=\"left\">\n        <strong><br \/>\n          <b>About NaaS Technology Inc.\u00a0<\/b><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"left\">NaaS  Technology Inc. is the first U.S. listed EV charging service company in  China. The Company is a subsidiary of Newlinks Technology Limited, a  leading energy digitalization group in China. The Company provides  one-stop EV charging solutions to charging stations comprising online EV  charging, offline EV charging and innovative and other solutions,  supporting every stage of the station lifecycle. As of June 30, 2023,  NaaS had connected over 652,000 chargers covering 62,000 charging  stations, representing 41.5% and 49.2% of China\u2019s public charging market  share respectively. On June 13, 2022, the American depositary shares of  the Company started trading on Nasdaq under the stock code NAAS.<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxOTg4NCM1ODA3ODk3IzUwMDExNTA1Nw==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/OTdkNGY1Y2EtYzFjYy00NTZhLWJkNzYtZjk4MzI2YmU3MDUyLTUwMDExNTA1Nw==\/tiny\/NaaS-Technology-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Hui Meng\r\nNewLink Group, NaaS Technology Inc.\r\npr-at-enaas.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Beijing, China, Sept. 11, 2023 (GLOBE NEWSWIRE) &#8212; The year 2023 has undeniably brought economic recession on a global scale, where market volatility has become the norm, casting a shadow over numerous industries. However, against this backdrop of uncertainty, several brokerages have singled out the new energy sector as a beacon of investment potential for the year, making it a central focus of their endeavors.\u00a0 This sentiment gains support from the quarterly and interim financial results unveiled on September 8th, by\u00a0NaaS\u00a0Technology Inc.\u00a0(NASDAQ: NAAS),\u00a0a leading EV charging service provider, as well as\u00a0the first U.S.\u00a0listed EV charging service company in China. Despite prevailing economic challenges and the ongoing transformation hurdles that loom over the new energy industry, NaaS, though, displays notable resilience. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-783004","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Beijing, China, Sept. 11, 2023 (GLOBE NEWSWIRE) &#8212; The year 2023 has undeniably brought economic recession on a global scale, where market volatility has become the norm, casting a shadow over numerous industries. However, against this backdrop of uncertainty, several brokerages have singled out the new energy sector as a beacon of investment potential for the year, making it a central focus of their endeavors.\u00a0 This sentiment gains support from the quarterly and interim financial results unveiled on September 8th, by\u00a0NaaS\u00a0Technology Inc.\u00a0(NASDAQ: NAAS),\u00a0a leading EV charging service provider, as well as\u00a0the first U.S.\u00a0listed EV charging service company in China. Despite prevailing economic challenges and the ongoing transformation hurdles that loom over the new energy industry, NaaS, though, displays notable resilience. &hellip; Continue reading &quot;NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-11T12:38:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxOTg4NCM1ODA3ODk3IzUwMDExNTA1Nw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue\",\"datePublished\":\"2023-09-11T12:38:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\\\/\"},\"wordCount\":1163,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkxOTg4NCM1ODA3ODk3IzUwMDExNTA1Nw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\\\/\",\"name\":\"NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/","og_locale":"en_US","og_type":"article","og_title":"NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue - Market Newsdesk","og_description":"Beijing, China, Sept. 11, 2023 (GLOBE NEWSWIRE) &#8212; The year 2023 has undeniably brought economic recession on a global scale, where market volatility has become the norm, casting a shadow over numerous industries. However, against this backdrop of uncertainty, several brokerages have singled out the new energy sector as a beacon of investment potential for the year, making it a central focus of their endeavors.\u00a0 This sentiment gains support from the quarterly and interim financial results unveiled on September 8th, by\u00a0NaaS\u00a0Technology Inc.\u00a0(NASDAQ: NAAS),\u00a0a leading EV charging service provider, as well as\u00a0the first U.S.\u00a0listed EV charging service company in China. Despite prevailing economic challenges and the ongoing transformation hurdles that loom over the new energy industry, NaaS, though, displays notable resilience. &hellip; Continue reading \"NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-11T12:38:28+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxOTg4NCM1ODA3ODk3IzUwMDExNTA1Nw==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue","datePublished":"2023-09-11T12:38:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/"},"wordCount":1163,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxOTg4NCM1ODA3ODk3IzUwMDExNTA1Nw==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/naas-technology-records-132-yoy-revenue-growth-in-h1-2023-offline-and-innovative-services-stands-unprecedented-53-4-of-revenue\/","name":"NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue - 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