InsiderClue
Stocks · Consumer discretionary · Retail-Retail Stores, NEC

NaaS Technology Inc.

NAAS Clue Score43
Cayman Islands CIK 0001712178
$3.07 +0.50% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $3.07 +344.93% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 20 Oct 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue711.0Operating income70.8Net income53.9EPS, diluted0.54Fiscal year 2017Revenue969.3 +36.3%Operating income−0.6Net income−48.0 −189.0%EPS, diluted−0.47 −187.0%Fiscal year 2018Revenue1,271.9 +31.2%Operating income207.6Net income143.0EPS, diluted1.23Fiscal year 2019Revenue1,529.4 +20.3%Operating income−15.3Net income148.1 +3.6%EPS, diluted1.29 +4.9%Fiscal year 2020Revenue6.2 −99.6%Operating income−17.6Net income−132.4 −189.4%EPS, diluted−1.17 −190.7%Fiscal year 2021Revenue33.5 +442.8%Operating income−30.0Net income−248.5EPS, diluted−2.20Fiscal year 2022Revenue92.8 +177.4%Operating income−2,460.5Net income−5,637.4EPS, diluted−2.92Fiscal year 2023Revenue320.1 +244.9%Operating income−1,055.2Net income−1,306.9EPS, diluted−0.58Fiscal year 2024Revenue201.0 −37.2%Operating income−807.0Net income−913.5EPS, diluted−0.35
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 711.0 969.3 1,271.9 1,529.4 6.2 33.5 92.8 320.1 201.0
Growth +36.3% +31.2% +20.3% −99.6% +442.8% +177.4% +244.9% −37.2%
Operating income 70.8 −0.6 207.6 −15.3 −17.6 −30.0 −2,460.5 −1,055.2 −807.0
Net income 53.9 −48.0 143.0 148.1 −132.4 −248.5 −5,637.4 −1,306.9 −913.5
Growth −189.0% +3.6% −189.4%
EPS, diluted 0.54 −0.47 1.23 1.29 −1.17 −2.20 −2.92 −0.58 −0.35
Growth −187.0% +4.9% −190.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin48.9%Operating margin10.0%Net margin7.6%Free cash flow margin28.9%Fiscal year 2017Gross margin53.3%Operating margin−0.1%Net margin−4.9%Free cash flow margin30.9%Fiscal year 2018Gross margin54.7%Operating margin16.3%Net margin11.2%Free cash flow margin24.8%Fiscal year 2019Gross margin54.6%Operating margin−1.0%Net margin9.7%Free cash flow margin−5.9%Fiscal year 2020Gross margin5,768.8%Operating margin−285.7%Net margin−2,148.8%Free cash flow margin−3,725.8%Fiscal year 2021Operating margin−89.7%Net margin−742.8%Free cash flow margin−1,615.3%Fiscal year 2022Operating margin−2,651.0%Net margin−6,073.8%Free cash flow margin−650.0%Fiscal year 2023Operating margin−329.7%Net margin−408.3%Fiscal year 2024Operating margin−401.6%Net margin−454.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Gross margin 48.9% 53.3% 54.7% 54.6% 5,768.8% n/a n/a n/a n/a
Operating margin 10.0% −0.1% 16.3% −1.0% −285.7% −89.7% −2,651.0% −329.7% −401.6%
Net margin 7.6% −4.9% 11.2% 9.7% −2,148.8% −742.8% −6,073.8% −408.3% −454.5%
Free cash flow margin 28.9% 30.9% 24.8% −5.9% −3,725.8% −1,615.3% −650.0% n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow241.0Capital expenditure−35.5Free cash flow205.5Dividends paid−426.0Fiscal year 2017Operating cash flow350.1Capital expenditure−50.3Free cash flow299.8 +45.8%Dividends paid−571.8Fiscal year 2018Operating cash flow380.0Capital expenditure−65.2Free cash flow314.8 +5.0%Buybacks−21.4Fiscal year 2019Operating cash flow−39.9Capital expenditure−50.8Free cash flow−90.7 −128.8%Buybacks−48.0Fiscal year 2020Operating cash flow−205.7Capital expenditure−23.9Free cash flow−229.6Buybacks0.0Fiscal year 2021Operating cash flow−539.8Capital expenditure−0.6Free cash flow−540.4Fiscal year 2022Operating cash flow−586.1Capital expenditure−17.1Free cash flow−603.3Fiscal year 2023Operating cash flow−567.6Fiscal year 2024Operating cash flow−179.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow 241.0 350.1 380.0 −39.9 −205.7 −539.8 −586.1 −567.6 −179.1
Capital expenditure −35.5 −50.3 −65.2 −50.8 −23.9 −0.6 −17.1 n/a n/a
Free cash flow 205.5 299.8 314.8 −90.7 −229.6 −540.4 −603.3 n/a n/a
Growth +45.8% +5.0% −128.8%
Buybacks n/a n/a −21.4 −48.0 0.0 n/a n/a n/a n/a
Dividends paid −426.0 −571.8 n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash640.0Total debt371.3Net cash (debt)268.7Shareholders’ equity407.2Debt to equity0.91Fiscal year 2017Cash1,056.0Total debt623.4Net cash (debt)432.5Shareholders’ equity310.1Debt to equity2.01Fiscal year 2018Cash1,288.1Total debt584.9Net cash (debt)703.2Shareholders’ equity455.8Debt to equity1.28Fiscal year 2019Cash14.0Total debt504.2Net cash (debt)−490.1Shareholders’ equity608.9Debt to equity0.83Fiscal year 2020Cash3.7Total debt418.1Net cash (debt)−414.5Shareholders’ equity495.1Debt to equity0.84Fiscal year 2021Cash8.5Total debt0.0Net cash (debt)8.5Shareholders’ equity−89.1Fiscal year 2022Cash513.4Total debt465.2Net cash (debt)48.2Shareholders’ equity438.9Debt to equity1.06Fiscal year 2023Cash436.2Shareholders’ equity−43.6Fiscal year 2024Cash126.6Shareholders’ equity−754.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash 640.0 1,056.0 1,288.1 14.0 3.7 8.5 513.4 436.2 126.6
Total debt 371.3 623.4 584.9 504.2 418.1 0.0 465.2 n/a n/a
Net cash (debt) 268.7 432.5 703.2 −490.1 −414.5 8.5 48.2 n/a n/a
Shareholders’ equity 407.2 310.1 455.8 608.9 495.1 −89.1 438.9 −43.6 −754.1
Debt to equity 0.91 2.01 1.28 0.83 0.84 n/a 1.06 n/a n/a

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Income statement

In millions of CNY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Revenue and profit
711.0 969.3 1,271.9 1,529.4 6.2 33.5 92.8 320.1 201.0
Growth +36.3% +31.2% +20.3% −99.6% +442.8% +177.4% +244.9% −37.2%
363.6 452.2 576.5 694.7 602.9 29.6 86.6 170.2 112.4
347.4 517.1 695.4 834.8 355.5 n/a n/a n/a n/a
Growth +48.8% +34.5% +20.0% −57.4%
n/a n/a n/a n/a 17.6 30.3 36.6 61.6 42.1
148.1 339.7 242.1 15.3 17.6 30.0 n/a n/a n/a
70.8 −0.6 207.6 −15.3 −17.6 −30.0 −2,460.5 −1,055.2 −807.0
Growth −100.9% −107.4%
83.0 −0.7 214.2 −15.2 −17.6 249.1 −5,627.5 −1,303.4 −932.4
32.2 52.9 71.8 70.7 −15.7 5.3 9.9 3.3 −19.2
53.9 −48.0 143.0 148.1 −132.4 −248.5 −5,637.4 −1,306.9 −913.5
Growth −189.0% +3.6% −189.4%
Per share
0.54 −0.47 1.26 1.31 −1.17 −2.20 −2.92 −0.58 −0.35
0.54 −0.47 1.23 1.29 −1.17 −2.20 −2.92 −0.58 −0.35
Growth −187.0% +4.9% −190.7%
100.0 101.9 113.8 113.2 112.8 112.9 1,928 2,260 2,631
100.0 101.9 115.9 114.5 112.8 112.9 n/a n/a n/a
Growth +1.9% +13.7% −1.2% −1.4% +0.0%

Shown in CNY as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 33.4% a year over five years.
  • The diluted share count rose 12.9% in five years, which is dilution.
  • Operating margin is down 400.6 points on five years ago, at -401.6%.
  • A net loss in 6 of 9 years on file.