NaaS Technology Inc. reported a 245% YoY revenue increase to RMB320.1 million for FY 2023, with a 27.7% gross margin.

NaaS Technology Inc., the first U.S.-listed EV charging service company in China, announced unaudited financial results for Q4 and FY 2023. Revenue increased by 119% YoY to RMB64.4 million in Q4, and by 245% YoY to RMB320.1 million for FY 2023. Gross margin rose from 6.6% in 2022 to 27.7% in 2023. Gross profit grew 2.3 times YoY to RMB16.7 million in Q4, and 14.4 times YoY to RMB88.8 million in FY 2023.

March 28, 2024
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