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]

Core Viewpoint - NaaS Technology Inc. has demonstrated a significant stock increase and a commitment to sustainable practices by joining the China ESG Alliance, marking a notable step in the new energy vehicle charging service sector [1] Group 1: Stock Performance - NaaS Technology's stock rose over 14%, reaching $4.01 per share [1] Group 2: ESG Commitment - The company officially joined the China ESG Alliance, becoming the first member from the domestic new energy vehicle charging service sector [1] - This membership highlights NaaS Technology's dedication to sustainable development and green, low-carbon practices [1] Group 3: Collaborative Efforts - As part of the alliance, NaaS Technology will share its successful experiences in reducing carbon emissions in transportation energy [1] - The company aims to collaborate with various stakeholders to promote societal green transformation [1]

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]