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NaaS Technology Inc. American Depositary Shares - $NAAS STOCK NEWS

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NaaS Technology Inc., a U.S.-listed EV charging service company in China, reported strong financial results for Q1 2024. Revenues increased by 166% year over year, reaching RMB96.2 million. Gross profit grew 4.0 times year over year to RMB24.3 million. The company saw significant growth in charging volume, gross transaction value, and number of orders transacted through its network. NaaS continues to focus on revenue diversification and technological advancements to enhance its market position.

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NaaS Technology Inc., the first U.S. listed EV charging service company in China, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission. The report can be accessed on the Company's investor relations website and shareholders can request a hard copy for free.

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NaaS Technology Inc. (Nasdaq: NAAS) will report its unaudited financial results for the first quarter ended March 31, 2024 on May 9, 2024. The company, a U.S. listed EV charging service company in China, will host an earnings conference call on May 10, 2024. Participants can register online to join the call and access a live webcast. A replay will be available until May 17, 2024.

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NewLink, a start-up specializing in energy digitalization, EV charging services, and transport energy transformation, has been named a 'Hurun Global Unicorn' for the fifth consecutive year in the Global Unicorn Index 2024. The index reveals a total of 1,453 unicorn companies globally, valued at USD 4.6 trillion, with a significant presence in fintech, software services, and AI sectors. China ranks second in unicorn companies, with a focus on AI, semiconductor, and new energy industries.
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NaaS Technology (NASDAQ: NAAS) partners with CNNE to connect 20 charging stations and over 1,000 chargers in Beijing, aiming to enhance EV charging services in a rapidly growing market.
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NaaS Technology (NAAS) achieved significant financial growth in 2023 with a 245% YoY revenue increase and a 14-fold gross profit surge. The company's operational highlights include a substantial rise in charging volume, gross transaction value, and total orders. NaaS also expanded its EV charging network and improved its Net Take Rate (NTR) and Gross Take Rate (GTR). The company's focus on energy solutions revenue and strategic partnerships with national operators and leading automobile manufacturers demonstrate its commitment to becoming a global energy assets operator.
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NaaS Technology Inc. announces impressive financial results for Q4 and full year 2023, with revenue growth of 119% and 245% respectively. Gross profit increased significantly, along with operational highlights and strategic partnerships. The Company's focus on profitability and strategic execution led to five consecutive months of NTR improvement. However, operating expenses saw a substantial increase, impacting net margins negatively.
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NaaS Technology Inc. (NAAS) to report unaudited financial results for Q4 and full year 2023. Earnings conference call scheduled for March 28, 2024.
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NaaS Technology (NAAS) collaborates with CSG Hainan EV to offer EV charging services in Hainan, China, the province with the highest EV penetration rate in China. NaaS integrates 193 charging stations and 700 DC chargers into its network, enhancing accessibility for local EV owners. Hainan Province boasts 292,700 EVs with a car-to-pile ratio of 2.5:1. NaaS aims to boost industrial efficiency through digital technologies and AI, with 73,000 charging stations and 767,000 chargers connected as of September 30, 2023.
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NaaS Technology Inc. announces the closing of a direct offering of 4,761,905 ADSs with warrants, generating approximately US$6 million in gross proceeds. The offering aims to support EV charging network expansion, R&D activities, and general corporate purposes.
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NaaS Technology Inc. American Depositary Shares

Nasdaq:NAAS

NAAS Rankings

NAAS Stock Data

224.32M
567.31M
10.98%
0.54%
Educational Support Services
Educational Services
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United States of America
Huzhou