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Earnings Call Summary | NaaS Technology(NAAS.US) Q2 2024 Earnings Conference
NaaS Technology Non-GAAP EPS of -$1.43, Revenue of $12.6M
US stocks change|For the first time in June, operation-side profitability was achieved. Naas.us rose more than 28% during Wednesday's trading.
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NAAS.US's revenue in Q2 was 91.7 million yuan, an 89% YoY increase.
On July 24th, Gelunhui reported that Nenglian Zhidian (NAAS.US) released its Q2 2024 performance report. The Q2 revenue in 2024 was 91.7 million yuan, a YoY increase of 89%; the revenue in the first half of 2024 reached 1.879 billion yuan, a YoY increase of 122%; the Q2 total gross profit in 2024 was 30.5 million yuan, a YoY increase of 59%; the total gross profit in the first half of 2024 was 54.8 million yuan, a YoY increase of 117%; the gross margin in Q2 of 2024 is 33%, while the gross margin in the first half of 2024 is about 29%. The net income attributable to ordinary shareholders in Q2 of 2024
U.S. stocks are on the move. Nenglian Zhi Dian has risen 28% at one point, achieving positive net income from operations for the first time in June.
On July 24th, Gelonhui | NAAS.US rose by 28% to $7.3. According to the unaudited financial reports for Q2 and the first half of 2024 released by NAAS.US, the company has made significant progress in terms of profitability. In June 2024, the monthly net income from business operations turned positive for the first time, with charging service orders accounting for more than 70% of the profit, creating a historical high. At the same time, the revenue for Q2 2024 reached 91.7 million yuan (12.6 million US dollars), an increase of 89% compared to the same period last year. The company's goal is to maintain profitability in the third and fourth quarters.
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