| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2023 | $4.50 | Buy | Jefferies |
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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
Jefferies initiated coverage of NaaS Technology with a rating of Buy and set a new price target of $4.50
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, 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 was awarded the contract to lead the project in December 2023 following a competitive bidding process. Leveraging government cloud resources and data integration from the
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, 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. Furthermore, our cutting-edge, AI
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. The partnership will focus on charging facility interconnectivity, targeted traffic guidanc
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. As a charging services industry leader, NaaS is stra
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. "Joining the China ESG Alliance is a pivotal step for NaaS as we continue to drive sustainable practices across our entire operation," stated Ms. Yang Wang, Chief Executive Officer of NaaS. "Our comprehensive GREEN strategy - encompassing Governance, Reinvention, E
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. This collaboration significantly expands NaaS's automotive ecosystem partnerships, leveraging its extensive nationwide charging network to offer IM Motors customers enhanced service features. This partnership will provide IM Motors customers with access to a broader range of intelligent, efficient, and convenient
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, 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
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