NaaS Technology Inc. Announces Filing of Annual Report on Form 20-F

Rhea-AI Summary

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.

Insights

Financial Analyst

The filing of an annual report on Form 20-F by NaaS Technology Inc. represents a transparency practice that is of particular interest to shareholders and potential investors. It offers a comprehensive view of the company's financial health, revealing not only revenue streams and profitability but also potential risks and management's discussion of operations. Analyzing the provided financial statements in comparison to previous years can reveal growth trends or concerns, such as cash flow issues or increasing debt, which are vital for evaluating the company's longevity and investment potential. It's essential to pay attention to the auditor’s notes for any material misstatements or significant financial adjustments.

Market Research Analyst

Given that NaaS Technology Inc. is positioned within the booming electric vehicle (EV) charging sector, its performance is indicative of broader market trends. As China continues to aggressively expand its EV infrastructure, the demand for charging services is expected to grow, potentially benefiting NaaS. However, investors should assess market competition, regulatory changes and technological advancements that could impact NaaS's market share and profitability. Understanding the company's strategic direction and product offerings in the context of the EV market's evolution is important for forecasting its future.

BEIJING, May 9, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NaaS) ("NaaS" or the Company"), the first U.S. listed EV charging service company in China, announces that its annual report on Form 20-F for the fiscal year ended December 31, 2023 has been filed with the Securities and Exchange Commission.

The annual report can be accessed on the Company's investor relations website at https://ir.enaas.com/. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to 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. The Company provides one-stop solutions to energy asset owners comprising charging services, energy solutions and new initiatives, supporting every stage of energy asset's lifecycle and facilitating energy transition.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com 

View original content:https://www.prnewswire.com/news-releases/naas-technology-inc-announces-filing-of-annual-report-on-form-20-f-302141239.html

SOURCE NaaS Technology Inc.

FAQ

Where can I access NaaS Technology Inc.'s annual report for the fiscal year ended December 31, 2023?

You can access the annual report on the Company's investor relations website at https://ir.enaas.com/

How can shareholders request a hard copy of NaaS Technology Inc.'s annual report?

Shareholders can request a hard copy of the annual report containing audited consolidated financial statements for free by directing their requests to ir@enaas.com