Jefferies initiated coverage on NaaS Technology with a new price target
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Jefferies initiated coverage of NaaS Technology with a rating of Buy and set a new price target of $4.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2023 | $4.50 | Buy | Jefferies |
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
SC 13G/A - NaaS Technology Inc. (0001712178) (Subject)
SC 13G/A - NaaS Technology Inc. (0001712178) (Subject)
SC 13D/A - NaaS Technology Inc. (0001712178) (Subject)
NT 20-F - NaaS Technology Inc. (0001712178) (Filer)
6-K - NaaS Technology Inc. (0001712178) (Filer)
F-6 POS - NaaS Technology Inc. (0001712178) (Subject)
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, 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 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.