Amber Yu's questions to NaaS Technology Inc (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.