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    Amber Yu

    Senior Vice President and Equity Research Analyst at Jefferies

    Amber Yu is a Senior Vice President and Equity Research Analyst at Jefferies, specializing in coverage of China's Internet and technology sectors with a focus on leading companies such as Alibaba, Tencent, JD.com, and Meituan. She has built a strong performance track record as evidenced by consistent Top 10 analyst rankings on platforms like TipRanks, maintaining a high success rate and generating double-digit percentage returns on her stock recommendations. Amber began her financial career at J.P. Morgan before joining Jefferies in 2015, and she is recognized for her in-depth sector insights and influential reports on Chinese technology firms. She holds professional securities analyst credentials and is registered with the Hong Kong Securities and Futures Commission.

    Amber Yu's questions to NaaS Technology (NAAS) leadership

    Amber Yu's questions to NaaS Technology (NAAS) leadership • Q3 2024

    Question

    Amber Yu from Jefferies inquired about the strategic rationale for shifting focus to core charging services, its impact on financials, and the competitive advantages NaaS will leverage to maintain its market leadership.

    Answer

    CFO Steven Sim explained the strategic shift is a return to the company's core, asset-light, high-margin platform business, moving away from capital-intensive energy solutions to maximize shareholder value, which directly resulted in a record 57% gross margin. To maintain leadership, Mr. Sim highlighted three key advantages: 1) advanced AI-powered analytics for operational optimization, 2) extensive ecosystem partnerships for market reach, and 3) an asset-light model that enables scalable growth with a streamlined cost structure.

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