NaaS Technology Inc

NaaS Technology, Inc. operates as an electric vehicle charging service provider. The firm maintains the largest EV charging network in China in terms of the charging volume transacted through its charging network for third-party charging station operators, and the number of public DCFCs (direct current fast charger with 30kW power output or more) connected to its network. The company was founded by Zhen Dai and Yang Wang and is headquartered in Beijing, China.

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q2 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

NaaS Technology Inc achieves first profit milestone amidst revenue surge

NaaS Technology Inc's Q2 2024 performance reflects strong financial growth, marked by revenue and gross profit increases alongside operational efficiency improvements.
The company's focus on autonomous charging solutions, AI advancements, and strategic partnerships underpin its strengths and growth potential in the market.
While challenges in sustaining profitability and managing operational costs exist, opportunities in market expansion and technological innovation offer avenues for future growth.
Overall, NaaS Technology Inc's financial success in Q2 2024 sets a positive trajectory for continued growth and innovation in the electric vehicle charging sector.

NaaS Technology Inc reports record profits and eyes EV market dominance

NaaS Technology Inc's Q3 performance reflects positive financial growth, operational efficiency, and strategic positioning in the EV charging market.
While challenges in maintaining profitability and managing costs persist, the company's focus on core services and technology offers avenues for sustained success.
Opportunities lie in scaling operations, leveraging partnerships, and advancing technology to drive future growth and profitability for NaaS Technology Inc.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NaaS Technology, Inc. engages in the provision of electric vehicle charging services. The firm maintains an EV charging network in China through its charging network for third-party charging station operators, and the number of public DCFCs (direct current fast charger with 30kW power output or more) connected to its network. The company was founded by Zhen Dai and Yang Wang on July 16, 2013 and is headquartered in Beijing, China.

BEIJING , Dec. 19, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced a strategic memorandum of understanding (the "MOU") with TCC Energy Storage Technology (Hangzhou) Co., LTD. (NHOA.TCC), a subsidiary of TCC Group Holdings (TCC).

NaaS Technology Expands Strategic Partnership with NHOA.TCC to Enhance Charging Interconnectivity

BEIJING , Dec. 12, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced that Sustainable Fitch has affirmed its ESG Entity Rating of '2' and increased its entity score to 78 from 76. The Company ranks first in Asia-Pacific and eleventh worldwide, among 170 rated companies across seven industries, including Electric-Corporate, Energy, Natural Resources, Power, Power Market and Generation, Utilities, and Infrastructure.

NaaS Technology Maintains Strong ESG Momentum with '2' Rating and Improved Entity Score from Sustainable Fitch

BEIJING , Dec. 5, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced a new partnership with the State Grid Corporation of China's Hebei Electric Vehicle Charging Service Company ("State Grid Hebei") to integrate over 2,800 public chargers into NaaS's strategic partner Kuaidian's charging service network. This partnership represents a significant step forward in NaaS's efforts to advance charging interconnection and increase supply side coverage, a strategic priority the Company announced earlier this year.

NaaS Partners with State Grid Hebei to Enhance Provincial EV Charging Network

BEIJING , Dec. 4, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced that management will participate in the following upcoming investor conferences in December 2024: Event: GuruClub Global Investment Carnival 2025 Date: December 5, 2024 Place: Shenzhen, China Organizer: GuruClub (Gelonghui) Event: Guotai Junan 2025 Annual Strategy Conference Date: December 10, 2024 Place: Shenzhen, China Organizer: Guotai Junan Securities Event: The 9th Zhitongcaijing Capital Market Annual Conference Date: December 12, 2024 Place: Shenzhen, China Organizer: Zhitong Finance Connect with NaaS Management For more information or to schedule a one-on-one meeting with NaaS management, please contact your event representative or NaaS investor relations team via email at  ir@enaas.com About NaaS Technology Inc. NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China.

NaaS Technology Inc. to Participate in Upcoming Investor Conferences in December 2024

BEIJING , Nov. 25, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced that management will participate in the following upcoming investor conferences in November 2024: Event: Huafu Securities 2024 Technology & Smart Manufacturing Strategy Conference Date: November 25, 2024 Place: Shenzhen, China Organizer: Huafu Securities Event: NaaS 2024 Institutional Investor Virtual Conference Date: November 26, 2024 Place: Online Organizer: Caitong Securities Event: Tianfeng Securities 'Decisive Moment' 2025 Annual Strategy Conference Date: November 27, 2024 Place: Shenzhen, China Organizer: Tianfeng Securities Connect with NaaS Management For more information or to schedule a one-on-one meeting with NaaS management, please contact your event representative or NaaS investor relations team via email at  ir@enaas.com About NaaS Technology Inc. NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China.

NaaS Technology Inc. to Participate in Upcoming Investor Conferences in November 2024

NaaS Technology Inc. (NASDAQ:NAAS ) Q3 2024 Earnings Conference Call November 20, 2024 8:00 AM ET Company Participants John Wang - Investor Relations Director Kathy Wang Yang - Chief Executive Officer Steven Sim - Chief Financial Officer Conference Call Participants Ting Song - Goldman Sachs Ethan Zhang - Nomura Operator Ladies and gentlemen, thank you for standing by, and welcome to the NaaS Third Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.

NaaS Technology Inc. (NAAS) Q3 2024 Earnings Call Transcript

BEIJING , Nov. 20, 2024 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NaaS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Highlights for the Third Quarter of 2024 : Accomplished significant net profit milestone in the third quarter of 2024.

NaaS Technology Inc. Reports Unaudited 2024 Third Quarter Financial Results

BEIJING , Nov. 13, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024 before the U.S. market opens on Wednesday, November 20, 2024. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on November 20, 2024 (9:00 PM Beijing/Hong Kong time on November 20, 2024).

NaaS Technology Inc. to Report 2024 Third Quarter Unaudited Financial Results on November 20, 2024 Eastern Time

BEIJING , Nov. 7, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced its successful deployment of the "Zhejiang Province Charging Infrastructure Governance and Supervision Service Platform" (the 'Platform'). Launched in collaboration with the Energy Bureau of Zhejiang Province, this initiative represents a strategic expansion of the Company's footprint in digital infrastructure solutions for EV charging services.

NaaS Technology Launches Zhejiang Province Charging Infrastructure Governance Platform

BEIJING , Oct. 31, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced that Mr. Steven Sim, Chief Financial Officer of NaaS, will be featured on UBS's Charging Industry Call Series on November 4, 2024.

NaaS Technology CFO to Headline UBS Charging Industry Call Series

BEIJING , Oct. 24, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced that as of September 30, 2024, the Company has connected approximately 1.15 million chargers to its charging network, a 30% increase compared to the end of 2023, outpacing the national average growth rate of 22%[1] within the same period. Ms. Yang Wang, Chief Executive Officer of NaaS, commented, "The robust growth in our charger connections underscores our dedication to enhancing China's supply-side infrastructure and providing efficient, accessible EV charging solutions nationwide.

NaaS Technology Rapidly Expands Charger Connections, Enhances Supply-Side Infrastructure

BEIJING , Oct. 17, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced a strategic partnership with a leading regional charging station operator in Fujian Province. This collaboration will integrate over 100 charging stations and 1,600+ DC fast chargers into NaaS's strategic partner Kuaidian's charging service network, broadening NaaS's presence in major cities such as Xiamen and Fuzhou and extending the Company's regional coverage to smaller cities including Ningde, Longyan, Sanming, and Putian.

NaaS Technology Partners with Leading Charging Station Operator in Fujian Province

BEIJING , Oct. 10, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced a strategic emphasis on its interconnectivity charging business, leveraging AI technology and industry partnerships to accelerate ecosystem development on both the supply and demand sides of China's rapidly growing electric vehicle ("EV") charging industry. Ms. Yang Wang, Chief Executive Officer of NaaS, commented, "China's new energy vehicle market has experienced rapid expansion, with charging services potentially becoming a bottleneck constraining future growth.

NaaS Technology Outlines Strategic Focus on Interconnectivity Charging Business

On Wednesday, NaaS Technology Inc. (NAAS, Financial) saw its stock rise significantly, gaining over 14% to reach $4.01 per share.

NAAS Gains Over 14% After Joining China ESG Alliance

BEIJING , Oct. 2, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it has joined the China ESG Alliance as the first member from China's electric vehicle charging sector. This strategic move highlights NaaS's dedication to advancing sustainable practices and enhancing green, low-carbon initiatives across the industry.

NaaS Technology Inc. Joins China ESG Alliance as the First Member in EV Charging Service Sector

BEIJING , Sept. 26, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced a strategic partnership with IM Motors, an electric vehicle joint venture among Alibaba, SAIC Motor, and Zhangjiang Hi-Tech, focused on the design and manufacture of high-end intelligent electric vehicles.

NaaS Technology Inc. Announces Strategic Partnership with IM Motors

BEIJING , Aug. 12, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NaaS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that Mr. Alex Wu, President, Chief Financial Officer and Director of the Company, resigned from the Company for personal reasons, effective August 9, 2024.

NaaS Technology Inc. Appoints New Chief Financial Officer

BEIJING , Aug. 2, 2024 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NaaS), the first U.S. listed EV charging service company in China, today released its 2023 Environmental, Social and Governance report (the "report"). The report outlines NaaS's progress in 2023 toward its long-term ESG goals, central to the Company's vision and mission.

NaaS Technology Inc. Releases 2023 Environmental, Social and Governance Report

NaaS Technology Inc. (NASDAQ:NAAS ) Q2 2024 Earnings Conference Call July 24, 2024 8:00 AM ET Company Participants John Wang - Director of Investor Relations Wang Yang - Chief Executive Officer Alex Wu - President and Chief Financial Officer Conference Call Participants Ting Song - Goldman Sachs James Zou - UBS Ethan Zhang - Nomura Zoe Feng - Tianfeng Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to the NaaS Second Quarter and First Half 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

NaaS Technology Inc. (NAAS) Q2 2024 Earnings Call Transcript

BEIJING , July 24, 2024 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NaaS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2024. Highlights for the Second Quarter of 2024 : N otable progress towards profitability in the second quarter of 2024.

NaaS Technology Inc. Reports Unaudited 2024 Second Quarter and First Half Financial Results

BEIJING , July 23, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it will report its unaudited financial results for the second quarter and half year ended June 30, 2024 before the U.S. market opens on Wednesday, July 24, 2024. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on July 24, 2024 (8:00 PM Beijing/Hong Kong time on July 24, 2024).

NaaS Technology Inc. to Report 2024 Second Quarter and First Half Unaudited Financial Results on July 24, 2024 Eastern Time

BEIJING , June 28, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NaaS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announces that it has received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated June 28, 2024, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). As previously announced, the Company received a notification letter (the "Deficiency Notice") from the Nasdaq dated June 13, 2024 indicating that the closing bid price for the Company's American depositary shares (the "ADSs") was below the minimum bid price of $1.00 required for continued listing under the Nasdaq Listing Rule 5550(a)(2) for 30 consecutive business days.

NaaS Technology Inc. Regains Compliance with Nasdaq's Minimum Bid Price Requirement

BEIJING , June 13, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NaaS) ("NaaS" or the Company"), the first U.S. listed EV charging service company in China, today announces that the previously announced change of the ratio (the "ADS Ratio") of its American depositary shares (the "ADSs") to its Class A ordinary shares has taken effect at the open of business on June 13, 2024 (U.S. Eastern Time). The change in the ADS Ratio, from one ADS to ten Class A ordinary shares to one ADS to 200 Class A ordinary shares, had the same effect as a one-for-twenty reverse ADS split.

NaaS Technology Inc. Announces Completion of ADS Ratio Change

BEIJING , June 7, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NaaS) ("NaaS" or the Company"), the first U.S. listed EV charging service company in China, today provides an update on the effective date of the change of the ratio of its American Depositary Shares (the "ADSs") to its Class A ordinary shares (the "ADS Ratio"). The ADS Ratio change was previously announced on May 30, 2024 and originally planned to become effective on or about June 10, 2024.

NaaS Technology Inc. Announces Updated Effective Date of ADS Ratio Change

BEIJING , May 30, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NaaS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it plans to change the ratio of its American Depositary Shares (the "ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.01 per share, from the current ADS Ratio of one ADS to 10 Class A ordinary shares to a new ADS Ratio of one ADS to 200 Class A ordinary shares. For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-twenty reverse ADS split.

News for NaaS Technology Inc Stock (NAAS)