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Stock impact report

NaaS Technology Inc. Reports Unaudited 2024 Third Quarter Financial Results

NaaS Technology Inc. - American Depositary Shares (NAAS) 
Company Research Source: PR Newswire
BEIJING, Nov. 20, 2024 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NaaS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the third quarter ended September 30, 2024.Highlights for the Third Quarter of 2024:Accomplished significant net profit milestone in the third quarter of 2024.Non-IFRS net profit[1] in the third quarter of 2024 reached RMB20.6 million (US$2.9 million). IFRS net loss approached breakeven with a historical low of RMB8.3 million (US$1.2 million).Gross profit margin reached a historical high of 57% for the third quarter of 2024.Strategic business focus started to take effect with the core charging services business continuing to deliver robust growth.Charging services revenue increased by 36% year over year for the third quarter of 2024, accounting for 95% of total revenue.Charging services business continued to realize positive network effects that increased the proportion of o Show less Read more
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