Nano Labs Ltd operates as a fabless integrated circuit (IC) design company and product solution provider in the People's Republic of China. The company develops high throughput computing and high-performance computing chips. It also offers distributed computing and storage solutions, smart network interface cards, and vision computing chips, as well as rendering technology. In addition, the company engages in the research and development of software. Nano Labs Ltd was incorporated in 2021 and is headquartered in Hangzhou, the People's Republic of China.
IPO Year: 2022
Exchange: NASDAQ
Website: https://www.nano.cn
HANGZHOU, China, July 12, 2024 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced that it received a notification letter dated July 11, 2024 (the "Deficiency Letter") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that the Company is no longer in compliance with the Nasdaq Listing Rule 5450(b)(2)(C) for continued listing due to its failure to maintain a minimum of Market Value of Publicly Held Shares ("MVPHS") of US$15.0 million.
HANGZHOU, China, May 24, 2024 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced that it received two notification letters dated May 24, 2024 (the "Deficiency Letters") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that the Company is no longer in compliance with the Nasdaq continued listing criteria, including (1) the Nasdaq Listing Rule 5450(b)(2)(A) due to its failure to maintain a minimum of $50 million in market value of listed securities; (2) the Nasdaq Listing Rule 5450(a)(1) due to its failure t
HANGZHOU, China, May 21, 2024 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced that it has launched its latest generation in the Cuckoo series, Cuckoo3.0 chip and achieved the mass production. Cuckoo3.0 represents a significant leap in performance and energy efficiency compared to its predecessor, the Cuckoo2.0 chip. With an outstanding single-core computing power of 1.2GH/s, Cuckoo3.0 boasts approximately four times the functional performa
HANGZHOU, China , May 7, 2024 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, announced today that Mr. Jianping Kong, the Company's chairman and chief executive officer, informed the Company that he purchased 887,998 Class A ordinary shares of the Company in open-market transactions with his personal funds in April 2024. Such transactions complied with the Company's internal trading policy as well as relevant laws and regulations. Mr. Kong is optimistic about the Company's future prospects in the long term and does not rule out the possibility of continuing to increase
HANGZHOU, China, April 11, 2024 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 4,347,825 Class A ordinary shares of the company (the "Ordinary Shares") in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investor warrants to purchase up to 6,521,737 Ordinary Shares. The combined effective offering price for each share of Ordinary Share and accompanying warrant is $1.15. The warrants are
HANGZHOU, China, April 8, 2024 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, announced today that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission ("SEC") on April 8, 2024. The annual report can be accessed on the Company's investor relations website at https://ir.nano.cn as well as the SEC's website at http://www.sec.gov. The Company will provide a hard copy of its ann
HANGZHOU, China, March 18, 2024 (GLOBE NEWSWIRE) -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced its unaudited financial results as of December 31, 2023 and for the six months ended December 31, 2023 Second Half of 2023 Financial Highlights Net revenue was RMB26.1 million (US$3.7 million) for the second half of 2023, compared to RMB603.0 million in the same period of 2022.Gross loss was RMB40.6 million (US$5.7 million) for the second half of 2023, compared to a gross profit of RMB53.8 million in the same period of 2022.Loss from operations was RMB124 million (US
HANGZHOU, China, March 11, 2024 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced that it will report its unaudited financial results for the six months ended December 31, 2023 before the U.S. market opens on Monday, March 18, 2024. The Company will host an earnings conference call to discuss its financial results at 8:30 am U.S. Eastern Time (8:30 pm Beijing Time) on March 18, 2024. For participants who wish to join the call, please access
HANGZHOU, China, Jan. 25, 2024 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," "the Company," or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, announced today the results of the Company's Extraordinary General Meeting ("EGM") held on 10 A.M. on January 25, 2024, Beijing time (9 P.M. on January 24, 2024, U.S. Eastern time). The proposals submitted for shareholder approval at the EGM have been approved. Specifically, the shareholders have passed resolutions: (1) to effect a share consolidation of two shares with a par
HANGZHOU, China, Jan. 3, 2024 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," "the Company," or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, announced today that Citibank N.A., the depositary (the "Depositary") of the Company's American depositary receipts (the "ADRs"), distributed to all holders and beneficial owners of the Company's ADRs a notification (the "Amendment and Termination Notice") on December 29, 2023 regarding the amendment to the deposit agreement, dated December 19, 2023, as amended, by and among the Company, the Depositary, and all holders and beneficial owners of the ADRs (the "Deposit Agreement"), and the termi
HANGZHOU, China, Dec. 1, 2023 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," "the Company," or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, announced today the results of the Company's 2023 Annual General Meeting of Shareholders ("2023 AGM") held on December 1, 2023, at 10:00 a.m. China Standard Time in Beijing, China. The proposal submitted for shareholder approval at the 2023 AGM has been approved. Specifically, the shareholders have passed resolution approving the ratification of the appointment of MaloneBailey, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023.
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HANGZHOU, China, March 18, 2024 (GLOBE NEWSWIRE) -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced its unaudited financial results as of December 31, 2023 and for the six months ended December 31, 2023 Second Half of 2023 Financial Highlights Net revenue was RMB26.1 million (US$3.7 million) for the second half of 2023, compared to RMB603.0 million in the same period of 2022.Gross loss was RMB40.6 million (US$5.7 million) for the second half of 2023, compared to a gross profit of RMB53.8 million in the same period of 2022.Loss from operations was RMB124 million (US
HANGZHOU, China, March 11, 2024 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced that it will report its unaudited financial results for the six months ended December 31, 2023 before the U.S. market opens on Monday, March 18, 2024. The Company will host an earnings conference call to discuss its financial results at 8:30 am U.S. Eastern Time (8:30 pm Beijing Time) on March 18, 2024. For participants who wish to join the call, please access
HANGZHOU, China, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced its unaudited financial results as of June 30, 2023 and for the first half of 2023 then ended. First Half of 2023 Financial Highlights Net revenue was RMB52.3 million (US$7.2 million) for the first half of 2023, compared to a net revenue of RMB380.1 million for the same period of 2022.Gross loss was RMB62.9 million (US$8.7 million) for the first half of 2023, compared to a gross profit of RMB176.4 million for the same period of 2022.Loss from operations was RMB136.4 mi
HANGZHOU, China, Aug. 11, 2023 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced that it will report its unaudited financial results for the first half of 2023 before the U.S. market opens on Tuesday, August 15, 2023. The Company will host an earnings conference call to discuss its financial results at 8:00 am U.S. Eastern Time (8:00 pm Beijing Time) on August 15, 2023. For participants who wish to join the call, please access the link provi
HANGZHOU, China, March 14, 2023 (GLOBE NEWSWIRE) -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced its unaudited financial results as of December 31, 2022 and for the three months ended December 31, 2022. Fourth Quarter 2022 Financial Highlights Net revenue was RMB12.7 million (US$1.8 million) for the three months ended December 31, 2022, compared to a net revenue of RMB3.2 million in the same period of 2021.Gross loss was RMB76.6 million (US$11.0 million) for the three months ended December 31, 2022, compared to a gross loss of RMB23.8 million for the same period
HANGZHOU, China, March 10, 2023 /PRNewswire/ -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced that it will report its unaudited financial results for the fourth quarter of 2022 before the U.S. market opens on Tuesday, March 14, 2023. The Company will host an earnings conference call to discuss its financial results at 8:30 am U.S. Eastern Time (8:30 pm Beijing Time) on March 14, 2023. For participants who wish to join the call, please access the link provided below to complete the online registration process. Registration Link: https://s1.c-conf.com/diamondpass/10029
HANGZHOU, China, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced its unaudited financial results as of September 30, 2022 and for the three months ended September 30, 2022. Third Quarter 2022 Financial Highlights Net revenue increased significantly to RMB590.3 million (US$83.1 million) from RMB13.5 million in the same period of 2021.Gross profit increased significantly to RMB130.3 million (US$18.4 million) from RMB8.4 million for the same period of 2021.Profit from operations was RMB49.9 million (US$7.0 million) for the three months
HANGZHOU, China, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced that it will report its unaudited financial results for the third quarter of 2022 before the U.S. market opens on Thursday, November 17, 2022. The Company will host an earnings conference call to discuss its financial results at 8:30 am U.S. Eastern Time (9:30 pm Beijing Time) on November 17, 2022. For participants who wish to join the call, please access the link provided below to complete the online registration process. Registration Link: https://s1.c-conf.com/diam
Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced that it has launched its latest generation in the Cuckoo series, Cuckoo3.0 chip and achieved the mass production. Cuckoo3.0 represents a significant leap in performance and energy efficiency compared to its predecessor, the Cuckoo2.0 chip. With an outstanding single-core computing power of 1.2GH/s, Cuckoo3.0 boasts approximately four times the functional performance of Cuckoo2.0. Additionally, its single-core energy consumption has been drastically reduced to 0.14W/MHash, marking an 83% improvement in energy efficiency. Cu
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Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, announced today that Mr. Jianping Kong, the Company's chairman and chief executive officer, informed the Company that he purchased 887,998 Class A ordinary shares of the Company in open-market transactions with his personal funds in April 2024. Such transactions complied with the Company's internal trading policy as well as relevant laws and regulations. Mr. Kong is optimistic about the Company's future prospects in the long term and does not rule out the possibility of continuing to increase his shareholding in Nano Labs in the future.
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