On May 9, Beijing time, Nengchain Intelligent Electronics (NAAS.US) officially released the 2023 audited annual financial report. According to the data, the company's revenue for the full year of 2023 was 320 million yuan (45.8 million US dollars), up 245% year on year; gross profit was 88.76 million yuan (12.5 million US dollars), an increase of 13 times year over year, and gross margin increased sharply from 6.6% in 2022 to 27.7% in 2023.

In 2023, Nengchain Smart Electronics completed 214 million charging service orders, up 75% year on year; transaction volume was 4.7 billion yuan, up 74% year on year; charging volume was 4.958 billion kilowatts, up 81% year on year, exceeding the 55.8% growth rate of China's total new energy vehicles during the same period.

During the period, the profitability of the energy chain smart charging service business increased significantly, and the order-side profit level achieved positive growth for five consecutive months. After the first correction in January this year, it further expanded to 0.75% in February. This reflects the continuous improvement of the company's digital intelligent operation capabilities, which has had a positive impact on the business.

In terms of revenue structure, energy solutions accounted for 58.5% of revenue, diversifying the revenue structure and marking the company's upgrade from a charging service platform to a new energy asset operator. In 2023, Energy Chain Smart Electronics successively launched a number of energy solution benchmark projects, including the Zhejiang Anji “Optical Storage and Exchange” integrated station, which serves 1,800 heavy trucks, and the first “oil, gas, electricity, and hydrogen service” integrated energy port in Anhui.

Since 2023, the energy chain smart electric charging service ecosystem has continued to expand, adding partner OEMs such as Geely, Hyundai, JiKrypton, Wanjie, Great Wall, GAC Energy, Deep Blue Auto, etc., as well as “Wei Xiaoli”, Jihu, and Lantu, which have already been connected, covering mainstream domestic NEV OEMs, and has continued to open up charging networks to serve the growing number of new energy vehicle owners.