NaaS Technology Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	303.44	320.08	92.81	33.45	6.16
Revenue Growth (YoY)	50.34%	244.86%	177.45%	442.80%	-
Cost of Revenue	205.47	231.32	86.65	29.59	6.55
Gross Profit	97.97	88.76	6.17	3.87	-0.38
Selling, General & Admin	769.39	1,115	524.72	227.8	58.41
Research & Development	64.42	63.05	36.56	30.25	17.64
Other Operating Expenses	-35.27	-24.47	-7.32	-0.14	-
Operating Expenses	798.54	1,153	553.96	257.91	76.06
Operating Income	-700.57	-1,064	-547.79	-254.05	-76.44
Interest Expense	-38.35	-32.26	-10.24	-1.1	-0.3
Other Non Operating Income (Expenses)	-24.47	-117.22	-3,159	-	0.32
EBT Excluding Unusual Items	-763.39	-1,214	-3,717	-255.14	-76.42
Merger & Restructuring Charges	-2	-2	-1,913	-	-
Gain (Loss) on Sale of Investments	-161.19	-87.52	1.75	-	-
Pretax Income	-926.58	-1,303	-5,628	-255.14	-76.42
Income Tax Expense	-63.43	3.79	9.86	5.32	1.47
Earnings From Continuing Operations	-863.15	-1,307	-5,637	-260.46	-77.9
Minority Interest in Earnings	3.13	0.24	-	-	-
Net Income	-866.28	-1,307	-5,637	-260.46	-77.9
Net Income to Common	-866.28	-1,307	-5,637	-260.46	-77.9
Shares Outstanding (Basic)	3	3	2	2	2
Shares Outstanding (Diluted)	3	3	2	2	2
Shares Change (YoY)	15.77%	17.22%	17.01%	-	-
EPS (Basic)	-271.81	-462.67	-2339.46	-126.47	-37.82
EPS (Diluted)	-272.52	-464.00	-2339.46	-128.00	-40.00
Free Cash Flow	-	-571.57	-597.83	-219.72	-56.94
Free Cash Flow Per Share	-	-202.35	-248.09	-106.69	-27.65
Gross Margin	32.29%	27.73%	6.64%	11.56%	-6.23%
Operating Margin	-230.88%	-332.53%	-590.20%	-759.41%	-1240.34%
Profit Margin	-285.49%	-408.31%	-6073.83%	-778.59%	-1263.95%
Free Cash Flow Margin	-	-178.57%	-644.11%	-656.80%	-923.90%
EBITDA	-685.34	-1,055	-547.41	-253.99	-
D&A For EBITDA	15.23	8.87	0.38	0.06	-
EBIT	-700.57	-1,064	-547.79	-254.05	-76.44
Advertising Expenses	-	42.67	24.84	17.93	5.13

Updated Nov 20, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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