vs
Side-by-side financial comparison of INNEOVA Holdings Ltd (INEO) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.
INNEOVA Holdings Ltd is the larger business by last-quarter revenue ($30.8M vs $25.9M, roughly 1.2× NaaS Technology Inc.). INNEOVA Holdings Ltd runs the higher net margin — 0.8% vs -193.3%, a 194.0% gap on every dollar of revenue.
NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.
INEO vs NAAS — Head-to-Head
Income Statement — Q2 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $30.8M | $25.9M |
| Net Profit | $243.0K | $-50.0M |
| Gross Margin | 19.3% | 29.2% |
| Operating Margin | 3.6% | -144.2% |
| Net Margin | 0.8% | -193.3% |
| Revenue YoY | — | 121.2% |
| Net Profit YoY | — | 18.4% |
| EPS (diluted) | $0.02 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.1M | $24.7M |
| Total DebtLower is stronger | $2.9M | — |
| Stockholders' EquityBook value | $11.2M | $-33.4M |
| Total Assets | $52.6M | $180.2M |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $2.1M | — | ||
| Q2 24 | — | $24.7M |
| Q2 25 | $2.9M | — | ||
| Q2 24 | — | — |
| Q2 25 | $11.2M | — | ||
| Q2 24 | — | $-33.4M |
| Q2 25 | $52.6M | — | ||
| Q2 24 | — | $180.2M |
| Q2 25 | 0.26× | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-301.0K | $-25.7M |
| Free Cash FlowOCF − Capex | $-1.5M | — |
| FCF MarginFCF / Revenue | -4.8% | — |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | -1.24× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $-301.0K | — | ||
| Q2 24 | — | $-25.7M |
| Q2 25 | $-1.5M | — | ||
| Q2 24 | — | — |
| Q2 25 | -4.8% | — | ||
| Q2 24 | — | — |
| Q2 25 | 3.8% | — | ||
| Q2 24 | — | — |
| Q2 25 | -1.24× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
