| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2023 | $4.50 | Buy | Jefferies |
NT 20-F - NaaS Technology Inc. (0001712178) (Filer)
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BEIJING, May 8, 2025 /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 received the 2025 Sustainable Consumer Engagement Award from the British Chamber of Commerce Shanghai. NaaS is the only EV charging service company to be honored in this category, underscoring its leadership in advancing sustainable consumption practices and strengthening its Environmental, Social, and Governance (ESG) performance. The award was presented at the 2025 Sustainable Development & Innovation Awards Ceremony, hosted by the British Chamber of Commerce Shanghai. As one of the most influential susta
BEIJING, April 28, 2025 /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 April 28, 2025 (U.S. Eastern Time) ("Effective Date"). The change in the ADS Ratio, from one ADS to 200 Class A ordinary shares to one ADS to 800 Class A ordinary shares, had the same effect as a one-for-four reverse ADS split. The exchange of one new ADS for every 4 previously-held ADSs occurred automatically upon effectiveness,
BEIJING, April 24, 2025 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced that that it will 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 200 Class A ordinary shares to a new ADS Ratio of one ADS to 800 Class A ordinary shares. The change in the ADS Ratio will become effective on April 28, 2025 (U.S. Eastern Time) ("Effective Date"). For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-four reverse ADS split.
BEIJING, March 19, 2025 /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 Huayuan Securities Spring Strategy Conference in Wuhan, China on Thursday, March 20, 2025. The Company's session is scheduled at 3:30 p.m. Beijing Time. 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 [email protected] About NaaS Technology Inc. NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is
BEIJING, March 17, 2025 /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 Xiaomi Auto, a subsidiary of Xiaomi Group (HKEX: 1810). Through this collaboration, two companies will work together to enhance interconnectivity in EV charging, elevate user experience, and drive innovation in intelligent mobility. By integrating NaaS's extensive charging network with Xiaomi Auto, the partnership will provide seamless, efficient, and intelligent charging solutions for Xiaomi EV owners nationwide. Under the partnership, Xiaomi Auto users will be able to access NaaS's ext
BEIJING, Feb. 24, 2025 /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 February 2025: Event: Western Securities Listed Companies Spring Investor ConferenceDate: February 25, 2025Place: Shenzhen, ChinaOrganizer: Western SecuritiesEvent: Sealand Securities 2025 Spring Strategy ConferenceDate: February 27, 2025Place: Shanghai, ChinaOrganizer: Sealand SecuritiesEvent: GF Securities Listed Companies Spring Investor ConferenceDate: February 27, 2025Place: Shanghai, ChinaOrganizer: GF SecuritiesConnect with NaaS
BEIJING, Feb. 21, 2025 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced that its board of directors (the "Board") has approved a share repurchase program (the "Share Repurchase Program"), effective from February 21, 2025. Pursuant to the Share Repurchase Program, the Company may repurchase up to US$10 million of its American depositary shares ("ADSs") over the next 12 months through the end of February 2026. The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through
BEIJING, Feb. 12, 2025 /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 February 2025: Event: Zheshang Securities 2025 Q1 Institutional Investment ConferenceDate: February 13, 2025Place: Shenzhen, ChinaOrganizer: Zheshang SecuritiesEvent: Founder Securities 2025 Listed Companies Investor Forum - "Walking with the Spring Breeze, Embarking on a New Journey"Date: February 20, 2025Place: Shenzhen, ChinaOrganizer: Founder SecuritiesConnect with NaaS Management For more information or to schedule a one-on-one me
BEIJING, Feb. 6, 2025 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced substantial expansion in its charging interconnectivity business, adding approximately 6.4 million new registered users in 2024. As of December 31, 2024, the total registered users through NaaS's strategic partner, the Kuaidian platform, reached nearly 19 million, covering over 60% of China's new energy vehicle (NEV) owners. This estimate is based on data from China's Ministry of Public Security, which reported 31.4 million NEVs in the country by the end of 2024. With China's sales penetration rate of NEV hitting 52%
BEIJING, Jan. 30, 2025 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, recently announced successful completion of China's first-ever carbon emission reduction credit transaction in the electric vehicle (EV) charging arena. In partnership with Hubei Zhongtan Asset Management Co., Ltd. ("Zhongtan Asset Management"), NaaS facilitated the sale of 1,962 tons of carbon emission reductions generated from EV charging adoption. This milestone transaction establishes a new benchmark in deploying green mobility and advancing carbon neutrality. Since 2021, NaaS has been at the forefront of integrating carbon redu
Jefferies initiated coverage of NaaS Technology with a rating of Buy and set a new price target of $4.50
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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. Event: UBS Charging Industry Call Series – "Charged Up: Inflection of Earnings"Moderator: Ms. Wei Shen, Head of China Auto Research, UBSFeatured Guest: Mr. Steven Sim, Chief Financial Officer of NaaSDate and Time: November 4, 2024 at 5:00 p.m. Beijing TimeLocation: Online Call Investors who wish to join the event should contact their institutional sales representative at UBS. About NaaS T
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. The Company has appointed Mr. Steven Sim to succeed Mr. Wu as Chief Financial Officer, effective August 12, 2024. Mr. Wu will continue to serve in an advisory role until November 8, 2024, to ensure an orderly and effective transition. "I want to thank Alex for his many contributions to NaaS. We are grateful for the counsel and leadership he has provided, and we wi
BEIJING, Feb. 6, 2024 /PRNewswire/ -- Recently, S&P Global Corporate Sustainability Assessment released the latest annual corporate ESG ratings. NaaS Technology (NASDAQ:NAAS), which participated in the assessment for the first time, achieved outstanding results. As of February 5, 2024, NaaS' total CSA score reached 60 points, surpassing 98% of its global peers in the retail industry and significantly exceeding last year's industry average score of 18 points. This reflects the industry's high recognition of NaaS' ESG management level. The S&P Global Corporate Sustainability Assessment (CSA), initiated in 1999, is one of the largest annual assessments of corporate sustainable development prac
BEIJING, Dec. 30, 2022 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) (the "Company" or "NaaS"), one of the largest and fastest growing electric vehicle charging service providers in China, is pleased to announce that the Company has appointed Mr. Alex Wu as its Chief Financial Officer, effective January 15, 2023. This appointment concludes the previously announced executive search process undertaken by the Company. Mr. Wu has also been appointed the President of the Company and will join its Board of Directors, effective January 15, 2023. "We are delighted to appoint Alex as our President and CFO. Alex brings in a wealth of experiences and skills he accumulated during his successful car
BEIJING, Sept. 30, 2022 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) (the "Company" or "NaaS"), one of the largest and fastest-growing electric vehicle charging service providers in China, today announced that Mr. Lei Zhao has resigned from his position as the Company's chief financial officer for personal reasons, effective immediately. NaaS also announced the appointment of Mr. Alex Wu as interim chief financial officer and has commenced a formal search for a permanent replacement. "I would like to thank Mr. Lei Zhao for his contribution to NaaS and wish him the best in his future endeavors," stated Ms. Yang Wang, chief executive officer of NaaS. "I look forward to working closely wi
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.Non-IFRS net profit[1] in the third quarter of 2024 reached RMB20.6 million (US$2.9 million). IFRS net loss approached breakeven with a historical low of RMB8.3 million (US$1.2 million).Gross profit margin reached a historical high of 57% for the third quarter of 2024.Strategic business focus started to take effect with the
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). For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time. Participant Onl
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: Notable progress towards profitability in the second quarter of 2024.Monthly net loss continued to narrow throughout the second quarter of 2024 while monthly non-IFRS net profit[1] turned positive for the first time in June 2024. This resulted in a 59% and 63% year over year reduction in net loss and non-IFRS net loss, respectively, for the second quarter of 2024.Gross profit grew 59%
BEIJING, May 9, 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 first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights: Revenues increased by 166% year over year and reached RMB96.2 million (US$13.3 million) for the first quarter of 2024.Gross margin was 25.3% for the first quarter of 2024, compared with 16.9% for the same period of 2023.Gross profit grew 4.0 times year over year to RMB24.3 million (US$3.4 million) for the first quarter of 2024.First Quarter 2024 Operational Highlights: Charging volume transacted through
BEIJING, May 6, 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 first quarter ended March 31, 2024 after the U.S. market closes on Thursday, May 9, 2024. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on May 10, 2024 (8:00 PM Beijing/Hong Kong time on May 10, 2024). Participants who wish to join the conference call should register online at: https://s1.c-conf.com/diamondpass/10038734-6cm51w.html Once registration is completed, participants will receive the dial-in information
BEIJING, March 28, 2024 (GLOBE NEWSWIRE) -- 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 fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Financial Highlights: Revenues increased by 119% year over year and reached RMB64.4 million (US$9.1 million) for the fourth quarter of 2023. Revenues for the full year of 2023 were RMB320.1 million (US$45.1 million), increasing by 245% year over year.Gross margin was 26.0% for the fourth quarter of 2023, compared with 24.4% for the same period of 2022. Gross margin increased from 6.6
BEIJING, March 22, 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 fourth quarter and full year ended December 31, 2023 after the U.S. market closes on Thursday, March 28, 2024. The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern time on March 28, 2024 (8:00 AM Beijing/Hong Kong time on March 29, 2024). Participants should complete online registration using the link provided below at least 15 minutes before the scheduled start time. Upon registration, participants will receive the confere
BEIJING, Sept. 5, 2023 /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, 2023 before the U.S. market opens on Friday, September 8, 2023. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on September 8, 2023 (8:00 PM Beijing/Hong Kong time on the same day). Participants who wish to join the conference call should register online at:https://s1.c-conf.com/diamondpass/10033478-hf76e4.html Once registration is completed, participants will receive the
BEIJING, June 14, 2023 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), the largest third-party charging network in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2023 before the U.S. market opens on Friday, June 16, 2023. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on June 16, 2023 (8:00 PM Beijing/Hong Kong time on the same day). Participants who wish to join the conference call should register online at:https://s1.c-conf.com/diamondpass/10031481-ayd7hr.html Once registration is completed, participants will receive the dial-in information for the co
Beijing, China, June 13, 2023 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (NASDAQ: NAAS) ("NaaS" or the "Company"), the first listed EV charging service company in China, announced that Dada Auto, a wholly owned subsidiary of the Company, has entered into a definitive agreement to acquire 89.99% of the issued and outstanding shares of Sinopower Holdings International Co. Limited ("Sinopower") from an existing shareholder of Sinopower, for an aggregate purchase price of approximately US$6.1 million in cash. The share purchase is subject to customary closing conditions and is expected to close in June 2023. Sinopower HK specializes in Estates and commercial/industrial rooftop solar PV project