“China’s No. 1 Charging Service Share” Nenglian Zhidian’s net revenue in the second quarter increased by 590% year-on-year

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 Titanium Media App reported on August 22 that before the US stock market opened, Nenglian Zhidian (NASDAQ: NAAS) released the second quarter report of this year. According to the report, in the second quarter of 2022, the total revenue of Nenglian Zhidian was 56.3 million yuan, a year-on-year increase of 47%; the net revenue was 10.6 million yuan, a year-on-year increase of 590%.    During the reporting period, the company had a net loss of 565.2 million yuan, and a net loss of 77.1 million yuan in the same period in 2021. Energy Chain Zhidian said the significant increase in losses was mainly due to recorded equity-settled listing costs, stock-based compensation expenses and changes in the fair value of convertible and redeemable preferred shares in 2022.    In the first half of 2022, the sales volume of Nenglian smart electric charging piles was 17.8 million yuan, a year-on-year increase of 71%. Nenglian Zhidian said that due to the obvious seasonality of charging pile sales, it is predicted that the sales growth rate will be more obvious in the third and fourth quarters. Nenglian Zhidian is the "first stock of charging services in China" and officially landed on Nasdaq on June 11.

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