What is the market's earnings forecast for NaaS Technology next quarter?

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What does NaaS Technology do and what are its main business segments?

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- **First-Qtr Profit Milestone**: RMB 20.6M non-IFRS net profit vs. RMB 174M loss in Q3 2023.
- **57% Gross Margin Record**: Core charging services drive 36% YoY revenue growth.
- **34% User Growth**: Transaction users surge despite 81% YoY sales expense reduction.
- **AI-Driven Expansion**: 49% YoY charger growth via NEF system and Fujian partnership.
- **Sustainable Model**: Exiting low-margin energy business, 70% YoY opex decline, 50%+ EV market share growth.

**【CEO Business Highlights】**
- Achieved first quarterly positive non-IFRS net profit of RMB 20.6 million in Q3 2024, marking a strategic milestone.
- Core charging services revenue surged 36% YoY to RMB 42.37 million, driving gross margin to a record high of 57%.
- User transaction growth reached 34% YoY, with user activity hitting all-time highs.
- Strategic shift to high-margin AI-driven charging services, reducing selling expenses as a percentage of revenue from 160% to 67% YoY.

**【CFO Financial Performance】**
- Q3 2024 non-IFRS net profit: RMB 20.6 million (vs. loss of RMB 39.9 million in Q2 2024).
- Gross profit increased 19% QoQ to RMB 25.1 million, with gross margin up from 38% (Q2) to 57% (Q3).
- Operating expenses reduced 70% YoY: sales expenses down 81% YoY, administrative expenses down 15.5% QoQ.
- Connected chargers grew 49% YoY, with 1,600 new DC fast chargers added in Fujian.

**【Key Strategic Initiatives】**
- Phased exit of low-margin energy solutions business (e.g., Sinopower sale to parent company).
- NEF AI system optimizes charger utilization, enabling dynamic pricing and subsidy allocation.
- Partnerships with FAW Volkswagen, IM Motors, and Zhejiang government enhance ecosystem scale.

**【Q&A Highlights】**
- **Gross Margin Sustainability**: 57% Q3 margin driven by cost control and AI efficiency; expect continued improvement.
- **User Subsidy Trends**: Reduced subsidies since Q1 2024, with transaction users +34% YoY despite lower incentives.
- **Competitive Advantage**: AI-driven NEF system, ecosystem partnerships, and asset-light model enable 49% YoY charger growth.
- **Profitability Outlook**: Q3 net profit up RMB 60.5 million YoY; 2024 focus on scaling high-margin services with 50%+ EV market share growth.


NaaS Technology (NAAS)-20 Nov 24-2024 Q3 Earnings call transcript

Naas Technology (NAAS)-24 Jul 24-2024 Q2 Earnings call transcript

Naas Technology (NAAS)-10 May 24-2024 Q1 Earnings call transcript

Naas Technology (NAAS)-29 Mar 24-2023 Q4 Earnings call transcript

Naas Technology (NAAS)-8 Sep 23-2023 Q2 Earnings call transcript

Naas Technology (NAAS)-22 Aug 22-2022 Q2 Earnings call transcript

Naas Technology (NAAS)-21 May 21-2021 Q1 Earnings call transcript

Naas Technology (NAAS)-17 Mar 21-2020 Q4 Earnings call transcript

Actual											-414.6479	-237.1257	4.9211	-109.4187			-12.1661		-2.2479	-6.5367	-6.9955	-9.2979	-3.9864	-2.1989	-0.0066
Forecast											-793.3922	-431.7787	220.0825	7.3823	101.2283		353.0646	-325.9058
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+47.74%	+45.08%	-97.76%	-1582.18%	0.00%	0.00%	-103.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Actual	--	--	--	--	--	--	--	--	--	--	15.35M	23.74M	56.05M	40.65M	--	--	8.24M	--	5.08M	6.62M	23.36M	8.90M	13.32M	12.60M	6.14M	--
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	44.37M	--	--	--	--	--	--	--	--	--	--	--
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

NAAS

NAAS fundamentals

NAAS Q4 undefined Earnings

Earnings Call

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NAAS

NAAS fundamentals

NAAS Q4 undefined Earnings

Earnings Call

NAAS Earnings Call Summary for Q4/2024 Mar 25, 2026

NAAS Earnings Call Summary for Q3/20248:00 AM on Nov 20, 2024

NAAS Earnings Call Summary for Q2/20248:00 AM on Jul 24, 2024

NAAS Earnings Call Summary for Q1/20248:00 AM on May 10, 2024

NAAS Earnings Call Summary for Q4/20238:00 PM on Mar 28, 2024

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