NaaS Technology Inc.

Ladies and gentlemen, thank you for standing by and welcome to the NASS second quarter and first half 2023 earnings conference call. At this time, all participants are in listen-only mode. I must advise you that this conference is being recorded. I would now like to turn the conference over to your first speaker today, Ms. Cynthia Taylor, Senior IR Director. Thank you. Please go ahead.

Thank you, operator. Hello, everyone, and welcome to NASS second quarter and first half 2023 Earnings Conference Call. The company's results were issued earlier today and are posted online. Joining me on the call today are Ms. Cathy Wang Yang, our Chief Executive Officer, and Mr. Alex Wu, our President and Chief Financial Officer. For today's agenda, Ms. Wang will provide an overview of our recent performance and highlights, and Mr. Wu will discuss our operating and financial results. Before we continue, I refer you to our state proper statement in the earnings press release, which applies to this call as we will make forward-looking statements. Also, please note that this call includes discussion of certain non-IFRS financial measures. Please refer to our earnings release, which contains a reconciliation of non-IFRS measures to most comparable IFRS measures. Finally, please note that unless otherwise stated, All figures mentioned during this conference call are in RMB terms. I'll now turn the call over to our CEO, Ms. Cathy Wang Yang. Cathy, please go ahead.

Okay. Hello, everyone. I'm Nath's CEO, Cathy Wang. It's my pleasure to share our second quarter 2023 earnings results with all of you and to discuss our recent developments. In the second quarter of 2023, we continue to deliver solid operating and financial performance with revenue more than doubled and a significant loss reduction. Thanks to our continued network expansion, growing client base of station owners, across various stages of charging station construction, operation, and upgrades, as well as improving operating efficiency. Our strategic partnerships also continued to deepen and expand, with leading enterprises such as Hyundai Motor Group, PICC Real Estate Investment, and CR Capital MGMT attracted to our innovative solutions and one-stop services. We are excited about collaborating with these partners to further propel the development of EV charging industry. This year, new energy storage facilities experience broad-based expansion growth. According to the NEA, newly commissioned installations in the first half of this year alone exceeded the past 10 years' total installation to reach 8.63 gigawatts, taking capacity in operation to 17.7 gigawatt-hours. China's energy storage demand is also growing rapidly. It's expected to exceed 70 gigawatt-hours by 2025. with the market size reaching over 100 billion RMB. In September 2023, we signed a 204 million RMB energy storage order in cooperation with several companies, providing over 380 charging stations with energy storage equipment and comprehensive solutions boasting energy storage capability of over 130 megawatt hours in total. This initiative shows our strength and innovation in station integrated energy storage technology, making a crucial step forward in our integrated photovoltaic storage charging construct. This order further boosted our confidence to deliver our full-year revenue guidance. Furthermore, our total fundraising year-to-date to US$91 million significantly enhancing our financial strength and fueling our growth initiatives. Internationally, we are actually accelerating our global expansion into we acquired an 89.99% stake in SinoPower, a leading rooftop solar energy developer in Hong Kong, on August 22. We also entered into a national agreement to acquire ChargeM, a leading European provider of EV charging solutions, capitalizing on their strong market presence. and China capability, as well as our extended product and service portfolio and financial strides. We will further strengthen the standing of central power and charge amps in their respective regions while promoting the global expansion of our product and service offerings. Looking ahead, we will leverage the supporting policies worldwide and increasing market demand actively exploring the integrated development of charging stations, the new energy system, and smart IoT devices, while elevating both user experience and service quality, aiming for a 20% market share in the global new energy asset operation and management services market in the long term. Now I will turn the call over to Alex. our President and CFO for a closer look at our operating and financial performance. Thank you.