Cover Page
Cover Page | 6 Months Ended |
Jun. 30, 2023 | |
Document Information [Line Items] | |
Document Type | 6-K |
Amendment Flag | false |
Document Period End Date | Jun. 30, 2023 |
Document Fiscal Year Focus | 2023 |
Document Fiscal Period Focus | Q2 |
Entity Registrant Name | NaaS Technology Inc. |
Entity Central Index Key | 0001712178 |
Current Fiscal Year End Date | --12-31 |
Entity File Number | 001-38235 |
Entity Address, Address Line One | Newlink Center, Area G, Building 7 |
Entity Address, Address Line Two | Huitong Times Square, |
Entity Address, Address Line Three | No.1 Yaojiayuan South Road |
Entity Address, City or Town | Chaoyang District |
Entity Address, Country | CN |
Combined Statement of Financial
Combined Statement of Financial Position ¥ in Thousands, $ in Thousands | Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 CNY (¥) |
CURRENT ASSETS | |||
Cash and cash equivalents | ¥ 516,541 | $ 71,234 | ¥ 513,351 |
Trade receivables | 181,720 | 25,060 | 130,004 |
Inventories | 29,582 | 4,079 | |
Prepayments, other receivables and other assets | 349,516 | 48,200 | 287,435 |
Other financial assets | 101,161 | 13,951 | |
Total current assets | 1,178,520 | 162,524 | 930,790 |
Non-current assets | |||
Right-of-use assets | 18,241 | 2,516 | 17,030 |
Financial assets at fair value through profit or loss | 16,275 | 2,244 | 11,753 |
Financial assets at fair value through other comprehensive income | 107,444 | 14,817 | 129,060 |
Investments accounted for using equity method | 160 | 22 | |
Property, plant and equipment | 4,340 | 599 | 2,600 |
Other non-current assets | 10,664 | 1,471 | 13,869 |
Intangible assets | 12,146 | 1,675 | 833 |
Goodwill | 40,522 | 5,588 | |
Total non-current assets | 209,792 | 28,932 | 175,145 |
Total assets | 1,388,312 | 191,456 | 1,105,935 |
Current liabilities | |||
Interest-bearing bank borrowings | 154,249 | 21,272 | 38,000 |
Current lease liabilities | 6,190 | 854 | 6,853 |
Trade payables | 114,763 | 15,827 | 49,239 |
Income tax payables | 14,137 | 1,950 | 16,214 |
Other payables and accruals | 143,618 | 19,804 | 81,835 |
Total current liabilities | 432,957 | 59,707 | 192,141 |
Non-current liabilities | |||
Non-current lease liabilities | 11,114 | 1,533 | 9,327 |
Interest-bearing bank borrowings | 572,841 | 78,998 | 465,155 |
Deferred tax liabilities | 2,431 | 335 | 438 |
Total non-current liabilities | 586,386 | 80,866 | 474,920 |
Total liabilities | 1,019,343 | 140,573 | 667,061 |
EQUITY | |||
Share capital | 149,230 | 20,580 | 146,730 |
Additional paid in capital | 6,752,773 | 931,250 | 6,358,600 |
Accumulated losses | (6,475,575) | (893,023) | (6,031,255) |
Other reserves | (57,142) | (7,880) | (35,201) |
Non-controlling interests | (317) | (44) | |
Total equity | 368,969 | 50,883 | 438,874 |
Total equity and liabilities | ¥ 1,388,312 | $ 191,456 | ¥ 1,105,935 |
Combined Statement of Loss and
Combined Statement of Loss and Other Comprehensive Loss ¥ in Thousands, $ in Thousands | 6 Months Ended | ||
Jun. 30, 2023 CNY (¥) ¥ / shares | Jun. 30, 2023 USD ($) $ / shares | Jun. 30, 2022 CNY (¥) ¥ / shares | |
Statements [Line Items] | |||
Net Revenues | ¥ 84,776 | $ 11,690 | ¥ 36,489 |
Other gains, net | 6,960 | 960 | 2,608 |
Operating costs | |||
Cost of revenues | (59,552) | (8,213) | (39,144) |
Selling and marketing expenses | (152,486) | (21,029) | (102,441) |
Administrative expenses | (307,304) | (42,379) | (2,124,158) |
Research and development expenses | (19,013) | (2,622) | (15,105) |
Total operating costs and expenses | (538,355) | (74,243) | (2,280,848) |
Operating loss | (446,619) | (61,593) | (2,241,751) |
Finance costs | (14,303) | (1,973) | (262) |
Fair value changes of convertible and redeemable preferred shares | (3,158,498) | ||
Fair value changes of financial assets at fair value through profit or loss | 15,131 | 2,087 | 1,753 |
Loss before income tax | (445,791) | (61,479) | (5,398,758) |
Income tax (expenses)/benefits | 1,762 | 243 | (2,697) |
Net loss | (444,029) | (61,236) | (5,401,455) |
Net loss attributable to: | |||
Equity holders of the Company | (444,320) | (61,276) | (5,401,455) |
Non-controlling interests | 291 | 40 | |
Net loss | ¥ (444,029) | $ (61,236) | ¥ (5,401,455) |
Loss per share for loss attributable to the ordinary shareholders of the Company (Expressed in RMB per share) | |||
Basic loss per share | (per share) | ¥ (0.2) | $ (0.03) | ¥ (3.1) |
Diluted loss per share | (per share) | ¥ (0.2) | $ (0.03) | ¥ (3.1) |
Net loss | ¥ (444,029) | $ (61,236) | ¥ (5,401,455) |
- Fair value changes on equity investment designated at fair value through other comprehensive loss, net of tax | (21,616) | (2,981) | |
Currency translation differences | (325) | (45) | (584) |
Other comprehensive loss, net of tax | (21,941) | (3,026) | (584) |
Total comprehensive loss for the year | (465,970) | (64,262) | (5,402,039) |
Total comprehensive loss attributable to: | |||
Equity holders of the Company | (466,261) | (64,302) | (5,402,039) |
Non-controlling interests | 291 | 40 | |
Total comprehensive loss for the year | (465,970) | (64,262) | (5,402,039) |
Online EV Charging Solutions | |||
Statements [Line Items] | |||
Revenue from rendering of services | 41,921 | 5,781 | 19,716 |
Offline EV Charging Solutions | |||
Statements [Line Items] | |||
Revenue from rendering of services | 40,393 | 5,570 | 16,316 |
Innovative and Other Businesses | |||
Statements [Line Items] | |||
Revenue from rendering of services | ¥ 2,462 | $ 339 | ¥ 457 |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Statement of Changes in Equity ¥ in Thousands, $ in Thousands | CNY (¥) | USD ($) | Combined capital CNY (¥) | Additional paid-in capital CNY (¥) | Other reserves CNY (¥) | Accumulated losses CNY (¥) | Parent CNY (¥) | Non-controlling interests CNY (¥) |
Beginning balance at Dec. 31, 2021 | ¥ 29,439 | ¥ 423,329 | ¥ (393,890) | ¥ 29,439 | ||||
Comprehensive loss | ||||||||
Net loss for the year | (5,401,455) | (5,401,455) | (5,401,455) | |||||
Other comprehensive loss | (584) | ¥ (584) | (584) | |||||
Currency translation differences | (584) | (584) | (584) | |||||
Total comprehensive loss for the year | (5,402,039) | (584) | (5,401,455) | (5,402,039) | ||||
Transactions with equity holders: | ||||||||
Subdivision of shares | ¥ 110,376 | (110,376) | ||||||
Issuance of shares | 3,706,076 | 21,905 | 3,684,171 | 3,706,076 | ||||
Deemed issuance of shares upon the Merger transaction | 1,893,744 | 10,226 | 1,883,518 | 1,893,744 | ||||
Share-based compensation from ESOP | 186,260 | 186,260 | 186,260 | |||||
Ending balance at Jun. 30, 2022 | 413,480 | 142,507 | 6,066,902 | (584) | (5,795,345) | 413,480 | ||
Beginning balance at Dec. 31, 2022 | 438,874 | 146,730 | 6,358,600 | (35,201) | (6,031,255) | 438,874 | ||
Comprehensive loss | ||||||||
Net loss for the year | (444,029) | $ (61,236) | (444,320) | (444,320) | ¥ 291 | |||
Other comprehensive loss | (21,941) | (3,026) | (21,941) | (21,941) | ||||
Fair value change on equity investment designated at fair value through other comprehensive loss,net of tax | (21,616) | (21,616) | (21,616) | |||||
Currency translation differences | (325) | (45) | (325) | (325) | ||||
Total comprehensive loss for the year | (465,970) | (64,262) | (21,941) | (444,320) | (466,261) | 291 | ||
Transactions with equity holders: | ||||||||
Exercise of option | 21 | 21 | 21 | |||||
Issuance of shares | 147,464 | 2,479 | 144,985 | 147,464 | ||||
Share-based compensation from ESOP | 243,845 | 243,845 | 243,845 | |||||
Share-based compensation from controlling shareholder ESOP | 5,343 | 5,343 | 5,343 | |||||
Non-controlling interests arising from business combination | (608) | (608) | ||||||
Ending balance at Jun. 30, 2023 | ¥ 368,969 | $ 50,883 | ¥ 149,230 | ¥ 6,752,773 | ¥ (57,142) | ¥ (6,475,575) | ¥ 369,286 | ¥ (317) |
Unaudited Condensed Consolida_2
Unaudited Condensed Consolidated Statement of Changes in Equity (Parenthetical) $ in Thousands | Dec. 31, 2021 CNY (¥) |
Equity | ¥ 29,439,000 |
Combined capital | Top of range [member] | |
Equity | ¥ 1,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statement of Cash Flows ¥ in Thousands, $ in Thousands | 6 Months Ended | ||
Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 CNY (¥) | |
Cash flows from operating activities | |||
Cash used in operations | ¥ (101,775) | $ (14,035) | ¥ (141,155) |
Interest received | 1,608 | 222 | 1,386 |
Net cash used in operating activities | (100,167) | (13,813) | (139,769) |
Cash flows from investing activities | |||
Purchases of property, plant and equipment and other non-current assets | (1,874) | (258) | (1,119) |
Investment in financial assets and equity method investees | (118,022) | (16,276) | |
Loan receivable from a related party | (110,000) | (15,170) | |
Net cash paid for the acquisition of a subsidiary | (34,048) | (4,696) | |
Disposal of financial assets | 30,461 | 4,201 | |
Net cash flows used in investing activities | (233,483) | (32,199) | (1,119) |
Cash flows from financing activities | |||
Proceeds from debt and equity financing | 355,970 | 49,090 | 552,371 |
Interest paid | (14,024) | (1,934) | |
Payments of lease liabilities | (4,879) | (673) | (6,071) |
Net cash flows generated from financing activities | 337,067 | 46,483 | 546,300 |
Net increase in cash and cash equivalents | 3,417 | 471 | 405,412 |
Cash and cash equivalents, beginning of the period | 513,351 | 70,794 | 8,489 |
Effect of exchange rate changes on cash and cash equivalents | (227) | (31) | (248) |
Cash and cash equivalents, end of the period | ¥ 516,541 | $ 71,234 | ¥ 413,653 |
Corporate information
Corporate information | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of Corporate Information [Abstract] | |
Corporate information | 1. Corporat e information 1.1. General information NaaS Technology Inc. (the “Company”) was incorporated in the Cayman Islands on July 16, 2013 as an exempted company with limited liability. The Company is a holding company. The immediate and ultimate holding company of the Company is Newlinks Technology Limited (“NewLink”) which owns 75.0 % of its ordinary shares and is a holding company incorporated in the Cayman Islands. On June 10, 2022, RISE Education Cayman Ltd (“RISE”), the Company’s predecessor, completed the merger and other related transactions (the “Merger Transactions”) with Dada Auto (“Dada”), as a result of which Dada became a wholly-owned subsidiary of RISE and RISE assumed and began conducting the principal business of Dada. The name of the Company was changed from “RISE Education Cayman Ltd” to “NaaS Technology Inc.”. The “Group” means (i) prior to the completion of the Reorganization, subsidiaries and VIEs of NewLink that provided EV charging services in China, (ii) upon and after the completion of the Reorganization, Dada, its subsidiaries, and Kuaidian Power (Beijing) New Energy Technology Co., Ltd. (“Kuaidian Power Beijing”) for the period during which Dada maintained VIE arrangements with Kuaidian Power Beijing, and (iii) upon and after completion of the Merger Transactions, the Company and its subsidiaries. The interim condensed consolidated financial statements for the six months ended 30 June 2023 has been prepared in accordance with IAS 34 Interim Financial Reporting. The interim condensed consolidated financial statements does not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Group’s annual consolidated financial statements for the year ended 31 December 2022. 1.2. Estimates The preparation of the interim condensed consolidated financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates. In preparing the interim condensed consolidated financial statements, the significant judgments made by management in applying the Group’s accounting policies and key sources of estimation uncertainty are largely in line with those applied in the 2022 annual consolidated financial statements, except for judgments and estimation relevant to newly adopted accounting policies as set out in note 2. 1.3. Segment reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker (“CODM”). The CODM, who is responsible for allocating resources, assessing performance of the operating segments and making strategic decisions, has been identified as the Chief Executive Officer of the Group, who reviews the consolidated results of operations when making decisions about allocating resources and assessing performance of the Group as a whole. For the purpose of internal reporting and management’s operation review, the CODM and management personnel do not segregate the Group’s business by product or service lines. Hence, the Group has only one operating segment. In addition, the Group does not distinguish between markets or segments for the purpose of internal reporting. |
Summary of accounting policies
Summary of accounting policies | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of detailed information of significant accounting policies [Abstract] | |
Summary of accounting policies | 2. Summary of accounting policies Other than the accounting policies resulting from application of new and amendments to International Financial Reporting Standards (“IFRSs”), the accounting policies and methods of computation used in the condensed consolidated financial statements for the six months ended 30 June 2023 are the same as those presented in the Group’s annual consolidated financial statements for the year ended 31 December 2022, except for the accounting policies set out in notes 2.1 to 2.4 which the Group has adopted in light of business developments in the current period. In the current interim period, the Group has applied the following new and amendments to IFRSs, for the first time, which are mandatory effective for the Group’s annual period beginning on 1 January 2023 for the preparation of the Group’s condensed consolidated financial statements: IFRS 17 (including the amendments to IFRS 17 issued in Insurance Contracts June 2020 and December 2021) Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policies Amendments to IAS 8 Definition of Accounting Estimates Amendments to IAS 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction Amendments to IAS 12 International Tax Reform-Pillar Two model Rules The application of these new and amendments to IFRSs in the current interim period has had no material impact on the Group’s financial positions and performance for the current and prior periods and/or on the disclosures set out in these condensed consolidated financial statements. 2.1. Goodwill Goodwill is not amortized but it is tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired, and is carried at cost less accumulated impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Goodwill is allocated to cash-generating units (“CGUs”) for the purpose of impairment testing. The allocation is made to those CGUs or groups of CGUs that are expected to benefit from the business combination in which the goodwill arose. The units or groups of units are identified at the lowest level at which goodwill is monitored for internal management purposes, below the operating segment. 2.2. Other intangible assets ( other than goodwill) (a) Intangible assets acquired in a business combination Intangible assets acquired in a business combination are recognized separately from goodwill and are initially recognized at their fair value at the acquisition date (which is regarded as their cost). Subsequent to initial recognition, intangible assets acquired in a business combination with finite useful lives are reported at costs less accumulated amortization and any accumulated impairment losses. Customer contracts acquired in a business combination has an estimated useful life of five years . 2.3. Revenue recognition (a) Hardware integrated solutions Revenue from the provision of hardware integrated solutions is recognized over time, using an input method to measure progress towards complete satisfaction of the service, because the Group’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced. The input method recognizes revenue based on the proportion of the actual costs incurred relative to the estimated total costs for satisfaction of the hardware integrated solutions. When the consideration in a contract includes a variable amount, the amount of consideration is estimated to which the Group will be entitled in exchange for transferring the goods or services to the customer. The variable consideration is estimated at contract inception and constrained until it is highly probable that a significant revenue reversal in the amount of cumulative revenue recognized will not occur when the associated uncertainty with the variable consideration is subsequently resolved. 2.4. Inventories Inventories mainly consist of work in process and finished goods, etc. Inventories are stated at the lower of cost and net realizable value. They are accounted for using the weighted average basis or using the specific-unit-cost method. Net realizable value represents the estimated selling prices for inventories less all estimated costs of completion and costs necessary to make the sale. Costs necessary to make the sale include incremental costs directly attributable to the sale and non-incremental costs which the Group must incur to make the sale. |
Convenience translation
Convenience translation | 6 Months Ended |
Jun. 30, 2023 | |
Convenience translation [abstract] | |
Convenience translation | 3. Convenience translation Amounts in U.S. dollars are presented for the convenience of the reader and are translated at the noon buying rate of RMB 7.2513 per US$ 1.00 on June 30, 2023 as published on the website of the United States Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate. |
Fair value estimation
Fair value estimation | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of fair value measurement of assets [abstract] | |
Fair value estimation | 4. Fair value estimation The table below analyses the Group’s financial instruments carried at fair value as of each information of financial position date, by level of the inputs to valuation techniques used to measure fair value. Such inputs are categorized into three levels within a fair value hierarchy as follows: (1) Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1) (2) Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2), and (3) Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (level 3). The following table presents the Group’s financial instruments that are measured at fair value at each information of financial position date: Level 1 Level 2 Level 3 To tal RMB’000 RMB’000 RMB’000 RMB’000 At June 30, 2023 Financial assets at fair value through profit or loss — — 16,275 16,275 Financial assets at fair value through other comprehensive income 107,444 — — 107,444 Total 107,444 — 16,275 123,719 (a) Financial instruments in Level 3 If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. Specific valuation techniques used to value financial instruments include: The use of quoted market prices or investor quotes for similar instruments The discounted cash flow model and unobservable inputs mainly including assumptions of expected future cash flows and discount rate The latest round of financing, i.e. the prior transaction price or the third-party pricing information, and A combination of observable and unobservable inputs, including risk-free rate, expected volatility, discount rate for lack of marketability, market multiples, etc. Level 3 instruments of the Group’s assets include long-term investments measured at FVTPL (investing in ordinary shares in unlisted companies with no significant influence). As the investments are not traded in active markets, their fair values have been determined by using applicable valuation technique, such as market approach. The carrying amounts of the Group’s financial assets not carried at fair values, including cash and cash equivalents, trade receivables, other receivables, other financial assets, and the Group’s financial liabilities not carried at fair values, including trade payables, other payables and accruals, approximate their fair values due to their short maturities or the interest rates being close to the market interest rates. During the six months ended June 30, 2023, the Group acquired RMB 3.3 million of level 3 financial instruments through a business combination and recorded fair value change of RMB 1.2 million (for the six months ended June 30, 2022: RMB 1.8 million) from remeasurement of financial assets at fair value through profit or loss. There were no other additions or disposals of level 3 financial instruments during this period. |
Business Combination
Business Combination | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of detailed information about business combination [abstract] | |
Business Combination | 5. Business Combination On June 20, 2023 , the Group acquired a 89.99 % interest in Sinopower Holdings International Co. Limited (“Sinopower”). Sinopower is engaged in the rooftop solar energy in Hong Kong. The acquisition was made as part of the Group’s strategy to expand its capabilities in renewable energy solutions and EV charging globally. The purchase consideration for the acquisition was in the form of cash, with US$ 6.1 million, equivalent to RMB 43.6 million, paid at the acquisition date. The provisional allocation of fair value to the identifiable assets and liabilities of Sinopower as at the date of acquisition is as follows: Fair value recognized on acquisition Total cash consideration 43,567 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and cash equivalents 9,519 Inventories, trade receivables and other current assets 34,455 Intangible assets 11,451 Other non-current assets 5,261 Total assets acquired 60,686 Interest-bearing bank borrowings ( 15,343 ) Trade payables, lease liabilities and other payables ( 41,215 ) Deferred tax liabilities ( 1,691 ) Total liabilities assumed ( 58,249 ) Net assets acquired 2,437 Non-controlling interests 608 Goodwill on acquisition 40,522 An analysis of the cash flows in respect of the acquisition of a subsidiary is as follows: RMB’000 Total cash consideration ( 43,567 ) Cash and cash equivalents 9,519 Net cash paid for acquisition of a subsidiary included in cash flows from investing activities ( 34,048 ) Goodwill is attributable to assembled workforce, and expected operating and financial synergies from the business combination. The Group recognized RMB 11.5 million of customer contracts intangible assets and the goodwill recognized is not expected to be deductible for income tax purposes. Since the acquisition, Sinopower contributed RMB 10.7 million to the Group's revenue and RMB 1.3 million to the consolidated profit for the six months ended June 30, 2023. |
Cash and cash equivalents
Cash and cash equivalents | 6 Months Ended |
Jun. 30, 2023 | |
Cash and cash equivalents [abstract] | |
Cash and cash equivalents | 6. Cash and cash equivalents As of As of RMB’000 RMB’000 Cash at bank 512,453 515,321 Deposits held at licensed payment platforms 898 1,220 Total 513,351 516,541 |
Trade receivables
Trade receivables | 6 Months Ended |
Jun. 30, 2023 | |
Trade and other receivables [abstract] | |
Trade receivables | 7. Trade receivables As of As of RMB’000 RMB’000 Trade receivables 152,256 200,737 Allowance for expected credit loss ( 22,252 ) ( 19,017 ) Total 130,004 181,720 As at June 30, 2023, trade receivables included RMB14.3 million receivable from an associate. The Group recognized RMB12.3 million revenue from sales to such associate during the first half of 2023. The Group uses a provision matrix to calculate ECL for trade receivables that result from transactions within the scope of IFRS 15. The provision rates are based on debtor’s aging as groupings of various debtors that have similar loss patterns. The provision matrix is based on the Group’s historical default rates taking into consideration forward-looking information that is reasonable and supportable and available without undue costs and effort. As of As of RMB’000 RMB’000 Beginning of the year/period 2,470 22,252 Provision for/ (reversal) of expected credit loss,net 19,782 ( 3,235 ) End of the year/period 22,252 19,017 |
Inventories
Inventories | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure Of Inventories [Abstract] | |
Inventories | 8. Inventories As of As of RMB’000 RMB’000 Work in progress — 15,234 Finished goods — 14,348 Total — 29,582 During the six months ended June 30, 2023, the Group recognized costs of inventories of RMB 12.7 million (2022: Nil ). |
Prepayments, other receivables
Prepayments, other receivables and other assets | 6 Months Ended |
Jun. 30, 2023 | |
Prepayments and accrued income other than contract assets [abstract] | |
Prepayments, other receivables and other assets | 9. Prepayments, other receivables and other assets The detail information of prepayments, other receivables and other assets for the years ended December 31, 2022 and for the six months ended June 30, 2023 is as below: As of As of RMB’000 RMB’000 Prepayment to charging stations 220,510 138,381 Prepayment for chargers procurement 35,519 40,787 Prepayment for rental, facilities and utilities 3,166 3,147 Miscellaneous prepayments 1,584 8,296 Value-added tax deductible 2,628 31,790 Other receivables from related parties(Note i) — 100,127 Others 24,028 26,988 Total 287,435 349,516 Notes: (i) Other receivables from related parties mainly comprise a loan due from a subsidiary of NewLink that bears interest at 9 % per annum and will be fully repaid by November 30 , 2023 . |
Financial instruments by catego
Financial instruments by category | 6 Months Ended |
Jun. 30, 2023 | |
Financial Instruments by Category [Abstract] | |
Financial instruments by category | 10. Financial instruments by category The detail information of financial instruments by category during the year ended December 31, 2022 and during the six months ended June 30, 2023 is as below: As of As of RMB’000 RMB’000 Assets as per statement of financial position Financial assets measured at fair value: —Financial assets at fair value through profit or loss 11,753 16,275 —Financial assets at fair value through other comprehensive income 129,060 107,444 140,813 123,719 Financial assets measured at amortized costs: —Trade receivables 130,004 181,720 —Financial assets including in other receivables, prepayments and deposits 24,028 127,115 —Other financial assets — 101,161 —Cash and cash equivalents 513,351 516,541 Total 808,196 1,050,256 As of As of RMB’000 RMB’000 Liabilities as per statement of financial position Financial liabilities measured at amortized cost: — Interest-bearing bank borrowings 503,155 727,090 — Trade payables 49,239 114,763 — Financial liabilities including in other payables and accruals 21,282 45,484 — Lease liabilities 16,180 17,304 Total 589,856 904,641 |
Intangible assets, net
Intangible assets, net | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of detailed information about intangible assets [abstract] | |
Intangible assets, net | 11. Intangible assets, net As of As of RMB’000 RMB’000 Software 1,000 1,000 Customer contracts — 11,451 Total cost 1,000 12,451 Less: Accumulated amortization ( 167 ) ( 305 ) Intangible assets, net 833 12,146 |
Interest-bearing bank borrowing
Interest-bearing bank borrowings | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of detailed information about borrowings [abstract] | |
Interest-bearing bank borrowings | 12. Interest-bearing bank borrowings As of As of RMB’000 RMB’000 Current interest-bearing bank borrowings 38,000 154,249 Non-current interest-bearing bank borrowings 465,155 572,841 Total interest-bearing bank borrowings 503,155 727,090 |
Other payables and accruals
Other payables and accruals | 6 Months Ended |
Jun. 30, 2023 | |
Trade and other payables [abstract] | |
Other payables and accruals | 13. Other payables and accruals As of As of RMB’000 RMB’000 Other taxes payable (Note i) 5,855 5,430 Advances from platform users 2,185 10,153 Employee benefit payables 21,155 32,522 Accrued expenses 20,376 28,678 Contract liabilities (Note ii) 29,384 45,247 Deferred income 1,974 4,782 Amounts due to related parties(Note iii) — 14,741 Others 906 2,065 Total 81,835 143,618 Notes: (i) Other taxes payable primarily represents value-added tax ("VAT") and related surcharges, and PRC individual income tax of employees withheld by the Group. (ii) Details of contract liabilities are as follows: As of As of RMB’000 RMB’000 VIP membership and coupon sales 24,585 30,527 Customer advances 3,869 13,797 Others 930 923 Total 29,384 45,247 Contract liabilities mainly include balances of customer advances collected from charging piles sales, VIP membership and coupon sales. Set out below is the amount of revenue recognized from: As of As of RMB’000 RMB’000 Amount included in contract liabilities at the beginning of the year 5,365 29,384 (iii) Amounts due to related parties primarily relate to liabilities to settle expenses recharged to or paid on behalf of the Group by NewLink. |
Share capital
Share capital | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of classes of share capital [abstract] | |
Share capital | 14. Share capital and additional paid-in capital On May 30 2023, the Company issued 35 million Class A ordinary shares of US$ 0.6 each in a private placement. These new shares were issued under the general mandate granted to the directors of the Company at the annual general meeting of the Company held on May 19, 2023 and rank pari passu with other shares in issue in all respects. During the six months ended June 30, 2023, share-based compensation from ESOP included RMB186.1 million of charges arose from modification of the terms of certain share options granted in 2022. |
Revenues
Revenues | 6 Months Ended |
Jun. 30, 2023 | |
Revenue [abstract] | |
Revenues | 15. Revenues For the six months 2022 2023 RMB’000 RMB’000 Revenues from Online EV Charging Solutions 19,716 41,921 Revenues from Offline EV Charging Solutions 16,316 40,393 Revenues from Innovative and Other Businesses 457 2,462 Revenues 36,489 84,776 The Group recognizes revenue at a point of time or over time depending on the terms and arrangement of the relevant contracts with the customers. During the six months ended June 30, 2023, the Group recognized RMB 69.4 million (2022: RMB 36.5 million) at a point in time and RMB 15.4 million (2022: Nil ) over time. Revenues from Offline EV Charging Solutions included revenues from EV Charging and other energy solutions. |
Loss per share
Loss per share | 6 Months Ended |
Jun. 30, 2023 | |
Earnings per share [abstract] | |
Loss per share | 16. Loss per share (a) Basic loss per share Basic loss per share for the six months ended June 30, 2022 and 2023 are calculated by dividing the loss attributable to the Company’s equity holders by the weighted average number of ordinary shares in issue during the six months. For the six months 2022 2023 Net loss attributable to equity holders of the Company (RMB’000) 5,401,455 444,320 Weighted average number of ordinary shares in issue 1,741,385,264 2,203,175,595 Basic loss per share (RMB per share) 3.10 0.20 (b) Diluted loss per share Diluted loss per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares.As of June 30, 2023, there are no dilutive shares or potential dilutive shares. |
Cash flow information
Cash flow information | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of Cash used in operation Abstract [Abstract] | |
Cash flow information | 17. Cash flow information For the six months 2022 2023 RMB’000 RMB’000 Net Loss before income tax ( 5,398,758 ) ( 445,791 ) Adjustments for: Depreciation of property, plant and equipment 117 313 Amortization of intangible assets and other non-current assets 67 3,343 Depreciation of right-of-use assets 4,402 4,118 Provision for / (reversal) of allowance for ECL 4,570 ( 3,121 ) Equity-settled listing cost 1,912,693 — Fair value change loss/(gain), net 3,156,745 ( 15,131 ) Non-cash employee benefits expense—share based payments 186,260 249,188 Interest income ( 1,386 ) ( 1,608 ) Interest expense 262 14,303 Increase in trade receivables ( 30,269 ) ( 45,149 ) Decrease in prepayments, other receivables and other assets 21,701 49,601 (Decrease)/increase in trade and other payables ( 7,259 ) 93,145 Increase/(decrease) in contract liabilities 9,700 ( 1,459 ) Increase in inventories — ( 3,527 ) Cash used in operations ( 141,155 ) ( 101,775 ) Interest received 1,386 1,608 Net cash used in operating activities ( 139,769 ) ( 100,167 ) |
Commitments and contingent liab
Commitments and contingent liabilities | 6 Months Ended |
Jun. 30, 2023 | |
Commitments and Contingent Liabilities [Abstract] | |
Commitments and contingent liabilities | 18. Commitments and contingent liabilities At the end of the reporting period, the Group did no t have any material capital commitment and the Group did no t have any significant contingent liabilities (31 December 2022: Nil ). |
Event occurring after the repor
Event occurring after the reporting period | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of non-adjusting events after reporting period [abstract] | |
Event occurring after the reporting period | 19. Event occurring after the reporting period (a) Convertible notes On July 13, 2023 and September 5, 2023, LMR Partners Limited completed the purchase of the US$ 30 million and US$ 40 million convertible notes from the Company, respectively, convertible into American depositary shares representing the Company’s ordinary shares. (b) Merger transaction On August 22, 2023, the Company entered into a definitive agreement to acquire 100 % of the issued and outstanding shares of Charge Amps AB (“Charge Amps”) . The consideration for the acquisition, which values Charge Amps at an equity value of approximately SEK 724 million (US$ 66.4 million), will be a combination of cash and newly issued Class A ordinary shares of the Company. |
Summary of accounting policies
Summary of accounting policies (Policies) | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of detailed information of significant accounting policies [Abstract] | |
Goodwill | Goodwill Goodwill is not amortized but it is tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired, and is carried at cost less accumulated impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Goodwill is allocated to cash-generating units (“CGUs”) for the purpose of impairment testing. The allocation is made to those CGUs or groups of CGUs that are expected to benefit from the business combination in which the goodwill arose. The units or groups of units are identified at the lowest level at which goodwill is monitored for internal management purposes, below the operating segment. |
Other intangible assets(other than goodwill) | Other intangible assets ( other than goodwill) (a) Intangible assets acquired in a business combination Intangible assets acquired in a business combination are recognized separately from goodwill and are initially recognized at their fair value at the acquisition date (which is regarded as their cost). Subsequent to initial recognition, intangible assets acquired in a business combination with finite useful lives are reported at costs less accumulated amortization and any accumulated impairment losses. Customer contracts acquired in a business combination has an estimated useful life of five years . |
Revenue recognition | Revenue recognition (a) Hardware integrated solutions Revenue from the provision of hardware integrated solutions is recognized over time, using an input method to measure progress towards complete satisfaction of the service, because the Group’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced. The input method recognizes revenue based on the proportion of the actual costs incurred relative to the estimated total costs for satisfaction of the hardware integrated solutions. When the consideration in a contract includes a variable amount, the amount of consideration is estimated to which the Group will be entitled in exchange for transferring the goods or services to the customer. The variable consideration is estimated at contract inception and constrained until it is highly probable that a significant revenue reversal in the amount of cumulative revenue recognized will not occur when the associated uncertainty with the variable consideration is subsequently resolved. |
Inventories | Inventories Inventories mainly consist of work in process and finished goods, etc. Inventories are stated at the lower of cost and net realizable value. They are accounted for using the weighted average basis or using the specific-unit-cost method. Net realizable value represents the estimated selling prices for inventories less all estimated costs of completion and costs necessary to make the sale. Costs necessary to make the sale include incremental costs directly attributable to the sale and non-incremental costs which the Group must incur to make the sale. |
Business Combination (Tables)
Business Combination (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of detailed information about business combination [abstract] | |
Summary of Provisional Allocation of Fair Value of Assets and Liabilities as at Date of Acquisition and Analysis of Cash Flows | The provisional allocation of fair value to the identifiable assets and liabilities of Sinopower as at the date of acquisition is as follows: Fair value recognized on acquisition Total cash consideration 43,567 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and cash equivalents 9,519 Inventories, trade receivables and other current assets 34,455 Intangible assets 11,451 Other non-current assets 5,261 Total assets acquired 60,686 Interest-bearing bank borrowings ( 15,343 ) Trade payables, lease liabilities and other payables ( 41,215 ) Deferred tax liabilities ( 1,691 ) Total liabilities assumed ( 58,249 ) Net assets acquired 2,437 Non-controlling interests 608 Goodwill on acquisition 40,522 An analysis of the cash flows in respect of the acquisition of a subsidiary is as follows: RMB’000 Total cash consideration ( 43,567 ) Cash and cash equivalents 9,519 Net cash paid for acquisition of a subsidiary included in cash flows from investing activities ( 34,048 ) |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Cash and cash equivalents [abstract] | |
Summary of Detailed Information of Cash and Cash Equivalents | As of As of RMB’000 RMB’000 Cash at bank 512,453 515,321 Deposits held at licensed payment platforms 898 1,220 Total 513,351 516,541 |
Trade receivables (Tables)
Trade receivables (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Trade and other receivables [abstract] | |
Summary of Trade receivables | As of As of RMB’000 RMB’000 Trade receivables 152,256 200,737 Allowance for expected credit loss ( 22,252 ) ( 19,017 ) Total 130,004 181,720 |
Summary of Of loss allowance for trade receivables | As of As of RMB’000 RMB’000 Beginning of the year/period 2,470 22,252 Provision for/ (reversal) of expected credit loss,net 19,782 ( 3,235 ) End of the year/period 22,252 19,017 |
Fair value estimation (Tables)
Fair value estimation (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of fair value measurement of assets [abstract] | |
Summary of fair value of financial instruments | The following table presents the Group’s financial instruments that are measured at fair value at each information of financial position date: Level 1 Level 2 Level 3 To tal RMB’000 RMB’000 RMB’000 RMB’000 At June 30, 2023 Financial assets at fair value through profit or loss — — 16,275 16,275 Financial assets at fair value through other comprehensive income 107,444 — — 107,444 Total 107,444 — 16,275 123,719 |
Inventories (Tables)
Inventories (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure Of Inventories [Abstract] | |
Summary of inventories | As of As of RMB’000 RMB’000 Work in progress — 15,234 Finished goods — 14,348 Total — 29,582 During the six months ended June 30, 2023, the Group recognized costs of inventories of RMB 12.7 million (2022: Nil ). |
Prepayments, other receivable_2
Prepayments, other receivables and other assets (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Prepayments and accrued income other than contract assets [abstract] | |
Summary of Detailed Information About Prepayments Other Receivables and Other Assets | The detail information of prepayments, other receivables and other assets for the years ended December 31, 2022 and for the six months ended June 30, 2023 is as below: As of As of RMB’000 RMB’000 Prepayment to charging stations 220,510 138,381 Prepayment for chargers procurement 35,519 40,787 Prepayment for rental, facilities and utilities 3,166 3,147 Miscellaneous prepayments 1,584 8,296 Value-added tax deductible 2,628 31,790 Other receivables from related parties(Note i) — 100,127 Others 24,028 26,988 Total 287,435 349,516 Notes: (i) Other receivables from related parties mainly comprise a loan due from a subsidiary of NewLink that bears interest at 9 % per annum and will be fully repaid by November 30 , 2023 . |
Financial instruments by cate_2
Financial instruments by category (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Financial Instruments by Category [Abstract] | |
Summary of Detailed Information of Category of Financial Instruments | The detail information of financial instruments by category during the year ended December 31, 2022 and during the six months ended June 30, 2023 is as below: As of As of RMB’000 RMB’000 Assets as per statement of financial position Financial assets measured at fair value: —Financial assets at fair value through profit or loss 11,753 16,275 —Financial assets at fair value through other comprehensive income 129,060 107,444 140,813 123,719 Financial assets measured at amortized costs: —Trade receivables 130,004 181,720 —Financial assets including in other receivables, prepayments and deposits 24,028 127,115 —Other financial assets — 101,161 —Cash and cash equivalents 513,351 516,541 Total 808,196 1,050,256 As of As of RMB’000 RMB’000 Liabilities as per statement of financial position Financial liabilities measured at amortized cost: — Interest-bearing bank borrowings 503,155 727,090 — Trade payables 49,239 114,763 — Financial liabilities including in other payables and accruals 21,282 45,484 — Lease liabilities 16,180 17,304 Total 589,856 904,641 |
Intangible assets, net (Tables)
Intangible assets, net (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of detailed information about intangible assets [abstract] | |
Summary of Intangible Assets, Net | As of As of RMB’000 RMB’000 Software 1,000 1,000 Customer contracts — 11,451 Total cost 1,000 12,451 Less: Accumulated amortization ( 167 ) ( 305 ) Intangible assets, net 833 12,146 |
Interest-bearing bank borrowi_2
Interest-bearing bank borrowings (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of detailed information about borrowings [abstract] | |
Disclosure of Detailed Information about Borrowings | As of As of RMB’000 RMB’000 Current interest-bearing bank borrowings 38,000 154,249 Non-current interest-bearing bank borrowings 465,155 572,841 Total interest-bearing bank borrowings 503,155 727,090 |
Other payables and accruals (Ta
Other payables and accruals (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Trade and other payables [abstract] | |
Schedule Of Other Payables And Accruals | As of As of RMB’000 RMB’000 Other taxes payable (Note i) 5,855 5,430 Advances from platform users 2,185 10,153 Employee benefit payables 21,155 32,522 Accrued expenses 20,376 28,678 Contract liabilities (Note ii) 29,384 45,247 Deferred income 1,974 4,782 Amounts due to related parties(Note iii) — 14,741 Others 906 2,065 Total 81,835 143,618 Notes: (i) Other taxes payable primarily represents value-added tax ("VAT") and related surcharges, and PRC individual income tax of employees withheld by the Group. (ii) Details of contract liabilities are as follows: As of As of RMB’000 RMB’000 VIP membership and coupon sales 24,585 30,527 Customer advances 3,869 13,797 Others 930 923 Total 29,384 45,247 |
Disclosure of Detailed Information About Revenue Recognized | Set out below is the amount of revenue recognized from: As of As of RMB’000 RMB’000 Amount included in contract liabilities at the beginning of the year 5,365 29,384 (iii) Amounts due to related parties primarily relate to liabilities to settle expenses recharged to or paid on behalf of the Group by NewLink. |
Revenues (Tables)
Revenues (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Revenue [abstract] | |
Disclosure of detailed information about revenue explanatory | For the six months 2022 2023 RMB’000 RMB’000 Revenues from Online EV Charging Solutions 19,716 41,921 Revenues from Offline EV Charging Solutions 16,316 40,393 Revenues from Innovative and Other Businesses 457 2,462 Revenues 36,489 84,776 |
Loss per share (Tables)
Loss per share (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Earnings per share [abstract] | |
Earnings per share | Basic loss per share for the six months ended June 30, 2022 and 2023 are calculated by dividing the loss attributable to the Company’s equity holders by the weighted average number of ordinary shares in issue during the six months. For the six months 2022 2023 Net loss attributable to equity holders of the Company (RMB’000) 5,401,455 444,320 Weighted average number of ordinary shares in issue 1,741,385,264 2,203,175,595 Basic loss per share (RMB per share) 3.10 0.20 |
Cash flow information (Tables)
Cash flow information (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of Cash used in operation Abstract [Abstract] | |
Cash used in operation | For the six months 2022 2023 RMB’000 RMB’000 Net Loss before income tax ( 5,398,758 ) ( 445,791 ) Adjustments for: Depreciation of property, plant and equipment 117 313 Amortization of intangible assets and other non-current assets 67 3,343 Depreciation of right-of-use assets 4,402 4,118 Provision for / (reversal) of allowance for ECL 4,570 ( 3,121 ) Equity-settled listing cost 1,912,693 — Fair value change loss/(gain), net 3,156,745 ( 15,131 ) Non-cash employee benefits expense—share based payments 186,260 249,188 Interest income ( 1,386 ) ( 1,608 ) Interest expense 262 14,303 Increase in trade receivables ( 30,269 ) ( 45,149 ) Decrease in prepayments, other receivables and other assets 21,701 49,601 (Decrease)/increase in trade and other payables ( 7,259 ) 93,145 Increase/(decrease) in contract liabilities 9,700 ( 1,459 ) Increase in inventories — ( 3,527 ) Cash used in operations ( 141,155 ) ( 101,775 ) Interest received 1,386 1,608 Net cash used in operating activities ( 139,769 ) ( 100,167 ) |
Corporate information - Additio
Corporate information - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2023 | |
Ordinary shares [member] | NAAS Newlink Technology Limited [Member] | |
Disclosure Of General Information About Financial Statements [Line Items] | |
Proportion of ownership interest in subsidiary | 75% |
Summary of accounting policie_2
Summary of accounting policies - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2023 | |
Customer Contracts [Member] | |
Summary of Significant Accounting Polices [Line Items] | |
Estimated useful life | 5 years |
Convenience translation - Addit
Convenience translation - Additional Information (Detail) - Jun. 30, 2023 | ¥ / shares | $ / shares |
Convenience translation [abstract] | ||
Buying rate per share | (per share) | ¥ 7.2513 | $ 1 |
Fair value estimation - Summary
Fair value estimation - Summary of Fair Value of Financial Instruments (Detail) - CNY (¥) ¥ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Disclosure of fair value measurement of assets [line items] | ||
Financial assets at fair value through profit or loss | ¥ 16,275 | ¥ 11,753 |
Financial assets at fair value through other comprehensive income | 107,444 | 129,060 |
Financial assets, at fair value | 123,719 | ¥ 140,813 |
Recurring fair value measurements | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets at fair value through profit or loss | 16,275 | |
Financial assets at fair value through other comprehensive income | 107,444 | |
Financial assets, at fair value | 123,719 | |
Level 1 | Recurring fair value measurements | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets at fair value through other comprehensive income | 107,444 | |
Financial assets, at fair value | 107,444 | |
Level 3 | Recurring fair value measurements | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets at fair value through profit or loss | 16,275 | |
Financial assets, at fair value | ¥ 16,275 |
Fair value estimation - Additio
Fair value estimation - Additional Information (Detail) - Level 3 - CNY (¥) ¥ in Millions | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Disclosure of fair value measurement of assets [line items] | ||
Financial instruments acquired through business combination | ¥ 3.3 | |
Change in fair value from remeasurement of financial assets through profit or loss | ¥ 1.2 | ¥ 1.8 |
Business Combination - Addition
Business Combination - Additional Information (Detail) - Sinopower ¥ in Thousands, $ in Millions | 6 Months Ended | ||
Jun. 30, 2023 CNY (¥) | Jun. 20, 2023 USD ($) | Jun. 20, 2023 CNY (¥) | |
Disclosure of detailed information about business combination [line items] | |||
Date of acquisition | Jun. 20, 2023 | ||
Acquision percentage | 89.99% | 89.99% | |
Aggreagate cash consideration | $ 6.1 | ¥ 43,600 | |
Intangible assets | ¥ 11,451 | ||
Revenue of acquiree since acquisition date | ¥ 10,700 | ||
Profit of acquiree since acquisition date | ¥ 1,300 |
Business Combination - Summary
Business Combination - Summary of Provisional Allocation of Fair Value of Assets and Liabilities as at Date of Acquisition (Detail) - Sinopower ¥ in Thousands | Jun. 20, 2023 CNY (¥) |
Disclosure of detailed information about business combination [line items] | |
Total cash consideration | ¥ 43,567 |
Recognized amounts of identifiable assets acquired and liabilities assumed | |
Cash and cash equivalents | 9,519 |
Inventories, trade receivables and other current assets | 34,455 |
Intangible assets | 11,451 |
Other non-current assets | 5,261 |
Total assets acquired | 60,686 |
Interest-bearing bank borrowings | (15,343) |
Trade payables, lease liabilities and other payables | (41,215) |
Deferred tax liabilities | (1,691) |
Total liabilities assumed | (58,249) |
Net assets acquired | 2,437 |
Non-controlling interests | 608 |
Goodwill on acquisition | ¥ 40,522 |
Business Combination - Summar_2
Business Combination - Summary of Analysis of Cash Flows in Respect of Acquisition of Subsidiary (Detail) ¥ in Thousands, $ in Thousands | 6 Months Ended | ||
Jun. 20, 2023 CNY (¥) | Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | |
Disclosure of detailed information about business combination [line items] | |||
Net cash paid for acquisition of a subsidiary included in cash flows from investing activities | ¥ 34,048 | $ 4,696 | |
Sinopower | |||
Disclosure of detailed information about business combination [line items] | |||
Total cash consideration | ¥ (43,567) | ||
Cash and cash equivalents | 9,519 | ||
Net cash paid for acquisition of a subsidiary included in cash flows from investing activities | ¥ (34,048) |
Cash and cash equivalents - Sum
Cash and cash equivalents - Summary of Detailed Information of Cash and Cash Equivalents (Detail) ¥ in Thousands, $ in Thousands | Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 CNY (¥) | Dec. 31, 2022 USD ($) | Jun. 30, 2022 CNY (¥) | Dec. 31, 2021 CNY (¥) |
Disclosure Of Cash And Cash Equivalents [Line Items] | ||||||
Cash at bank | ¥ 515,321 | ¥ 512,453 | ||||
Deposits held at licensed payment platforms | 1,220 | 898 | ||||
Total | ¥ 516,541 | $ 71,234 | ¥ 513,351 | $ 70,794 | ¥ 413,653 | ¥ 8,489 |
Trade receivables - Summary of
Trade receivables - Summary of Trade Receivables (Detail) ¥ in Thousands, $ in Thousands | Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 CNY (¥) | Dec. 31, 2021 CNY (¥) |
Disclosure of Trade Receivables [Abstract] | ||||
Trade receivables | ¥ 200,737 | ¥ 152,256 | ||
Allowance for expected credit loss | (19,017) | (22,252) | ¥ (2,470) | |
Total | ¥ 181,720 | $ 25,060 | ¥ 130,004 |
Trade receivables - Summary o_2
Trade receivables - Summary of loss allowance for trade receivables (Detail) - CNY (¥) ¥ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Disclosure of Trade Receivables [Abstract] | ||
Beginning of the year/period | ¥ 22,252 | ¥ 2,470 |
Provision for/ (reversal) of expected credit loss,net | (3,235) | 19,782 |
End of the year/period | ¥ 19,017 | ¥ 22,252 |
Inventories - Summary of Invent
Inventories - Summary of Inventories (Detail) - Jun. 30, 2023 ¥ in Thousands, $ in Thousands | CNY (¥) | USD ($) |
Disclosure of detailed information about inventories [line items] | ||
Work in progress | ¥ 15,234 | |
Finished goods | 14,348 | |
Total | ¥ 29,582 | $ 4,079 |
Inventories - Additional Inform
Inventories - Additional Information (Detail) - CNY (¥) | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Disclosure Of Inventories [Abstract] | ||
costs of inventories recognized | ¥ 12,700,000 | ¥ 0 |
Prepayments, other receivable_3
Prepayments, other receivables and other assets - Summary of Detailed Information About Prepayments Other Receivables and Other Assets (Detail) ¥ in Thousands, $ in Thousands | Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 CNY (¥) |
Disclosure Of Prepayments Other Receivables And Other Assets [Abstract] | |||
Prepayment to charging stations | ¥ 138,381 | ¥ 220,510 | |
Prepayment for chargers procurement | 40,787 | 35,519 | |
Prepayment for rental, facilities and utilities | 3,147 | 3,166 | |
Miscellaneous prepayments | 8,296 | 1,584 | |
Value-added tax deductible | 31,790 | 2,628 | |
Other receivables from related parties | 100,127 | ||
Others | 26,988 | 24,028 | |
Total | ¥ 349,516 | $ 48,200 | ¥ 287,435 |
Prepayments, other receivable_4
Prepayments, other receivables and other assets - Summary of Detailed Information About Prepayments Other Receivables and Other Assets (Parenthetical) (Detail) | Jun. 30, 2023 |
Newlink Technology Limited [Member] | |
Disclosure of transactions between related parties [line items] | |
Interest rate | 9% |
Financial instruments by cate_3
Financial instruments by category - Summary of Detailed Information of Category of Financial Instruments (Detail) - CNY (¥) ¥ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Financial asset measured at fair value: | ||
Financial assets at fair value through profit or loss | ¥ 16,275 | ¥ 11,753 |
Financial assets at fair value through other comprehensive income | 107,444 | 129,060 |
Financial assets, at fair value | 123,719 | 140,813 |
Financial asset measured at amortized costs: | ||
Financial assets | 1,050,256 | 808,196 |
Financial liabilities measured at amortized cost: | ||
Financial liabilities at amortised cost | 904,641 | 589,856 |
Interest bearing bank borrowings [Member] | ||
Financial liabilities measured at amortized cost: | ||
Financial liabilities at amortised cost | 727,090 | 503,155 |
Trade payables [Member] | ||
Financial liabilities measured at amortized cost: | ||
Financial liabilities at amortised cost | 114,763 | 49,239 |
Financial liabilities including in other payables and accruals [Member] | ||
Financial liabilities measured at amortized cost: | ||
Financial liabilities at amortised cost | 45,484 | 21,282 |
Lease liabilities [Member] | ||
Financial liabilities measured at amortized cost: | ||
Financial liabilities at amortised cost | 17,304 | 16,180 |
Trade receivables [Member] | ||
Financial asset measured at amortized costs: | ||
Financial assets at amortised cost | 181,720 | 130,004 |
Financial assets including in other receivables, prepayments and deposits [Member] | ||
Financial asset measured at amortized costs: | ||
Financial assets at amortised cost | 127,115 | 24,028 |
Other financial assets [Member] | ||
Financial asset measured at amortized costs: | ||
Financial assets at amortised cost | 101,161 | |
Cash and cash equivalents [Member] | ||
Financial asset measured at amortized costs: | ||
Financial assets at amortised cost | ¥ 516,541 | ¥ 513,351 |
Intangible assets, net - Summar
Intangible assets, net - Summary of Intangible Assets, Net (Detail) ¥ in Thousands, $ in Thousands | Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 CNY (¥) |
Disclosure of detailed information about intangible assets [line items] | |||
Total cost | ¥ 12,451 | ¥ 1,000 | |
Less: Accumulated amortization | (305) | (167) | |
Intangible assets, net | 12,146 | $ 1,675 | 833 |
Software [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Total cost | 1,000 | ¥ 1,000 | |
Customer Contracts [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Total cost | ¥ 11,451 |
Interest-bearing bank borrowi_3
Interest-bearing bank borrowings - Disclosure of detailed information about borrowings (Detail) ¥ in Thousands, $ in Thousands | Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 CNY (¥) |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Current interest-bearing bank borrowings | ¥ 154,249 | $ 21,272 | ¥ 38,000 |
Non-current interest-bearing bank borrowings | 572,841 | $ 78,998 | 465,155 |
Total interest-bearing bank borrowings | ¥ 727,090 | ¥ 503,155 |
Other payables and accruals - S
Other payables and accruals - Schedule Of Other Payables And Accruals (Details) ¥ in Thousands, $ in Thousands | Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 CNY (¥) |
Disclosure Of Other Current Payables And Accruals Current [Abstract] | |||
Other taxes payable | ¥ 5,430 | ¥ 5,855 | |
Advances from platform users | 10,153 | 2,185 | |
Employee benefit payables | 32,522 | 21,155 | |
Accrued expenses | 28,678 | 20,376 | |
Contract liabilities | 45,247 | 29,384 | |
Deferred income | 4,782 | 1,974 | |
Amounts due to related parties | 14,741 | ||
Others | 2,065 | 906 | |
Total | ¥ 143,618 | $ 19,804 | ¥ 81,835 |
Other payables and accruals -_2
Other payables and accruals - Schedule Of Other Payables And Accruals (Parenthetical) (Details) - CNY (¥) ¥ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Disclosure of Other Current Payables and Accruals Current [Line Items] | ||
Contract liabilities | ¥ 45,247 | ¥ 29,384 |
VIP Membership and Coupon Sales | ||
Disclosure of Other Current Payables and Accruals Current [Line Items] | ||
Contract liabilities | 30,527 | 24,585 |
Customer Advances | ||
Disclosure of Other Current Payables and Accruals Current [Line Items] | ||
Contract liabilities | 13,797 | 3,869 |
Others | ||
Disclosure of Other Current Payables and Accruals Current [Line Items] | ||
Contract liabilities | ¥ 923 | ¥ 930 |
Other Payables And Accruals - D
Other Payables And Accruals - Disclosure of Detailed Information About Revenue Recognized (Details) - CNY (¥) ¥ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Disclosure Of Other Current Payables And Accruals Current [Abstract] | ||
Amount included in contract liabilities at the beginning of the year | ¥ 29,384 | ¥ 5,365 |
Share capital - Additional Info
Share capital - Additional Information (Detail) - Class A Ordinary Shares shares in Millions | May 30, 2023 $ / shares shares |
Disclosure of classes of share capital [line items] | |
Number of shares issued | shares | 35 |
Share price | $ / shares | $ 0.6 |
Revenues - Summary of Detailed
Revenues - Summary of Detailed Information about Revenue Explanatory (Detail) ¥ in Thousands, $ in Thousands | 6 Months Ended | ||
Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 CNY (¥) | |
Disclosure Of Detailed Information About Revenue [Line Items] | |||
Net Revenues | ¥ 84,776 | $ 11,690 | ¥ 36,489 |
Online EV Charging Solutions | |||
Disclosure Of Detailed Information About Revenue [Line Items] | |||
Revenues | 41,921 | 19,716 | |
Offline EV Charging Solutions | |||
Disclosure Of Detailed Information About Revenue [Line Items] | |||
Revenues | 40,393 | 16,316 | |
Innovative and Other Businesses | |||
Disclosure Of Detailed Information About Revenue [Line Items] | |||
Revenues | ¥ 2,462 | ¥ 457 |
Revenues - Additional Informati
Revenues - Additional Information (Detail) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 CNY (¥) | |
Disclosure Of Detailed Information About Revenue [Line Items] | |||
Revenue | ¥ 84,776,000 | $ 11,690 | ¥ 36,489,000 |
At Point in Time [member] | |||
Disclosure Of Detailed Information About Revenue [Line Items] | |||
Revenue | 69,400,000 | 36,500,000 | |
At Over in Time [member] | |||
Disclosure Of Detailed Information About Revenue [Line Items] | |||
Revenue | ¥ 15,400,000 | ¥ 0 |
Loss per share - Earning per Sh
Loss per share - Earning per Share (Detail) ¥ / shares in Units, ¥ in Thousands | 6 Months Ended | ||
Jun. 30, 2023 $ / shares | Jun. 30, 2023 CNY (¥) ¥ / shares shares | Jun. 30, 2022 CNY (¥) ¥ / shares shares | |
Earnings per share [line items] | |||
Net loss attributable to equity holders of the Company | ¥ | ¥ 444,320 | ¥ 5,401,455 | |
Weighted average number of ordinary shares in issue | shares | 2,203,175,595 | 1,741,385,264 | |
Basic loss per share | (per share) | $ (0.03) | ¥ (0.2) | ¥ (3.1) |
Loss per share - Additional Inf
Loss per share - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2023 shares | |
Earnings per share [abstract] | |
Weighted average number of ordinary shares used in calculating diluted earnings per share | 0 |
Cash flow information - Cash u
Cash flow information - Cash used in operation Explanatory (Detail) ¥ in Thousands, $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 CNY (¥) | Dec. 31, 2022 CNY (¥) | |
Disclosure of Cash flow information [line items] | ||||
Net Loss before income tax | ¥ (445,791) | $ (61,479) | ¥ (5,398,758) | |
Adjustments for: | ||||
Provision for / (reversal of) allowance for ECL | (3,235) | ¥ 19,782 | ||
Cash flows from (used in) operations, Total | (101,775) | (14,035) | (141,155) | |
Interest received | 1,608 | 222 | 1,386 | |
Net cash used in operating activities | (100,167) | $ (13,813) | (139,769) | |
Separate [member] | ||||
Disclosure of Cash flow information [line items] | ||||
Net Loss before income tax | (445,791) | (5,398,758) | ||
Adjustments for: | ||||
Depreciation of property, plant and equipment | 313 | 117 | ||
Amortisation of intangible assets and other non-current assets | 3,343 | 67 | ||
Depreciation of right-of-use assets | 4,118 | 4,402 | ||
Provision for / (reversal of) allowance for ECL | (3,121) | 4,570 | ||
Equity-settled listing costs | 1,912,693 | |||
Fair value change loss/(gain), net | (15,131) | 3,156,745 | ||
Non-cash employee benefits expense-share based payments | 249,188 | 186,260 | ||
Interest income | (1,608) | (1,386) | ||
interest expense | 14,303 | 262 | ||
Increase in trade receivables | (45,149) | (30,269) | ||
Decrease in prepayments, other receivables and other assets | 49,601 | 21,701 | ||
(Decrease)/increase in trade and other payables | 93,145 | (7,259) | ||
Increase/(decrease) in contract liabilities | (1,459) | 9,700 | ||
Increase in inventories | (3,527) | |||
Cash flows from (used in) operations, Total | (101,775) | (141,155) | ||
Interest received | 1,608 | 1,386 | ||
Net cash used in operating activities | ¥ (100,167) | ¥ (139,769) |
Commitments and contingent li_2
Commitments and contingent liabilities - Additional Information (Detail) - USD ($) | 6 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | |
Disclosure of contingent liabilities [abstract] | ||
Capital commitment | $ 0 | |
Loss contingencies damages sought value | $ 0 | $ 0 |
Event occurring after the rep_2
Event occurring after the reporting period - Additional Information (Detail) ¥ in Thousands, $ in Thousands, kr in Millions | Sep. 05, 2023 USD ($) | Aug. 22, 2023 USD ($) | Jul. 13, 2023 USD ($) | Aug. 22, 2023 SEK (kr) | Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 CNY (¥) |
Disclosure of non-adjusting events after reporting period [line items] | |||||||
Total cash consideration | ¥ 149,230 | $ 20,580 | ¥ 146,730 | ||||
Events after Reporting Period [Member] | LMR Partners Limited | |||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||
Purchase of convertible notes | $ 40,000 | $ 30,000 | |||||
Events after Reporting Period [Member] | Charge Amps | |||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||
Total cash consideration | $ 66,400 | kr 724 | |||||
Proportion of ownership interest in subsidiary | 100% |