NaaS Technology Inc. reported a net profit of RMB 19.78 million ($2.9 million) for the six months ended June 30, 2026, compared to a net profit of RMB 65.4 million in the prior year period. The company generated revenues of RMB 45.5 million ($6.7 million), down from RMB 66.6 million, as it disposed of its energy storage solutions business in April 2026, which is now classified as a discontinued operation yielding a gain on disposal of RMB 9.8 million. Operating profit turned positive to RMB 28.9 million ($4.3 million) from an operating loss of RMB 39.1 million, driven by significant reductions in selling and administrative expenses. The company maintains a working capital deficit of RMB 916.1 million and accumulated losses of RMB 8.7 billion, citing cost reduction measures and debt extension as key liquidity mitigants. NaaS Technology Inc. operates in the electric vehicle charging and energy solutions industry.
