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NaaS Technology ( (NAAS) ) just unveiled an announcement.
NaaS Technology Inc. has reported audited consolidated financial results for the years ended December 31, 2023, 2024, and 2025, showing a shift in its revenue mix across charging services, energy solutions, and new initiatives. Total revenues declined from RMB233.4 million in 2023 to RMB200.98 million in 2024 and RMB125.14 million in 2025, while gross profit improved over the same period, rising from RMB63.19 million in 2023 to RMB88.54 million in 2024 and RMB107.52 million in 2025.
Despite gross margin gains, the company remained deeply loss-making, as operating expenses far exceeded gross profit in each reported year. Net loss narrowed from RMB1.31 billion in 2023 to RMB914.44 million in 2024 and RMB449.97 million in 2025, reflecting cost reductions and lower impairment losses but also ongoing finance costs and negative fair value changes on financial instruments, underscoring the firm’s continued investment phase and execution risk for shareholders.
Spark’s Take on NAAS Stock
According to Spark, TipRanks’ AI Analyst, NAAS is a Neutral.
NaaS Technology’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, persistent losses, and high leverage. Technical analysis provides some stability with neutral indicators, but the negative MACD suggests bearish momentum. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield.
To see Spark’s full report on NAAS stock, click here.
More about NaaS Technology
NaaS Technology Inc. is a China-based provider of electric vehicle charging services and related energy solutions. The company generates revenues from charging services, energy solutions, and new initiatives, and reports its results in renminbi with a focus on both continuing and discontinued operations.
Average Trading Volume: 5,872
Technical Sentiment Signal: Sell
Current Market Cap: $1.98M
For detailed information about NAAS stock, go to TipRanks’ Stock Analysis page.