NASDAQ:NAAS

NaaS Technology Inc. Reports Unaudited 2024 First Quarter Financial Results

Retrieved on: 
Thursday, May 9, 2024
USD, Digital technology, Financial management, Network as a service, Research, OIN, NTR, Finance, Kilowatt-hour, Engineering, Translation, EV, Patent, RMB, H.10, Intellectual property, Marketing, Bank statement, Open, GTR, The Company, Energy, Video game

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.

Key Points: 
  • 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.
  • First Quarter 2024 Operational Highlights:
    Charging volume transacted through NaaS' network reached 1,216 GWh for the first quarter of 2024, representing an increase of 19% year over year.
  • For more information on the IFRS and non-IFRS financial measures, please see the section titled "Unaudited reconciliations of IFRS and non-IFRS financial measures."

NaaS Technology Inc. to Report 2024 First Quarter Unaudited Financial Results on May 9, 2024 Eastern Time

Retrieved on: 
Monday, May 6, 2024
EV, Property management

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.

Key Points: 
  • 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:
    Once registration is completed, participants will receive the dial-in information for the conference call.
  • Participants joining the conference call should dial-in at least 10 minutes before the scheduled start time.

NaaS Technology and its Parent Company, NewLink, Join the Open Invention Network Community

Retrieved on: 
Wednesday, April 24, 2024
Network as a service, Risk, OIN, History, Patent, Intellectual property, Open Invention Network, Growth, Linux, Property management

DURHAM, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- Open Invention Network (OIN), the organization formed to safeguard open source and now the largest patent non-aggression community in history, announced today that NaaS Technology, and its parent company NewLink, have joined as community members.

Key Points: 
  • DURHAM, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- Open Invention Network (OIN), the organization formed to safeguard open source and now the largest patent non-aggression community in history, announced today that NaaS Technology, and its parent company NewLink, have joined as community members.
  • As the leading new energy asset operator in China, NaaS is reinforcing its commitment to open source as an enabler of advanced charging infrastructure networks.
  • We are pleased that NewLink and NaaS are committed to patent non-aggression in core Linux and adjacent open source technologies,” said Keith Bergelt, CEO of Open Invention Network.
  • Linux systems and open source technologies provide support for digitalization, and we appreciate OIN's contribution to reducing the risk of open source software patents around the world.

NaaS Technology Commits to Gender Equality and Women's Empowerment by Signing WEPs

Retrieved on: 
Friday, April 12, 2024
Carbon, Carbon neutrality, Education, United Nations, Lenovo, UN, Woman, Network as a service, Safety, UN Women, Health, Workplace, Envision Energy, Female, Ali Baba, Sustainable development, EV, ESG, Marketing, United Nations Global Compact, JinkoSolar, Renewable energy

The company pledges to advance gender equality and women's empowerment, supporting global sustainable development goals through its practical actions.

Key Points: 
  • The company pledges to advance gender equality and women's empowerment, supporting global sustainable development goals through its practical actions.
  • By signing the WEPs, NaaS commits to the seven principles set forth by the initiative, which focus on empowering women in the workplace, marketplace, and community.
  • NaaS' joining WEPs reflects its support for the United Nations' 2030 Agenda for Sustainable Development and its proactive approach to the global sustainable development goal of gender equality.
  • By engaging with international organizations and initiatives, NaaS has demonstrated its leadership and sense of responsibility in global sustainable development.

NewLink Included Again in Global Unicorn Index by Hurun Research Institute

Retrieved on: 
Friday, April 12, 2024
USD, SpaceX, PV, EVS, Network as a service, Internet of things, OpenAI, City, Fintech, GMV, Electricity, Carbon, Original equipment manufacturer, Digital, EV, Government, RMB, NEF, ByteDance, Digital technology, Unicorn, EPC, Rupert Hoogewerf, Bain Capital, Cryptocurrency

NewLink, with its successful digital practices in energy digitalization, EV charging services, and transport energy transformation, once again made the list, enjoying the title of "Hurun Global Unicorn" for the fifth consecutive year.

Key Points: 
  • NewLink, with its successful digital practices in energy digitalization, EV charging services, and transport energy transformation, once again made the list, enjoying the title of "Hurun Global Unicorn" for the fifth consecutive year.
  • The Hurun Research Institute has been tracking unicorn companies since 2017, and this is the sixth time it has announced the Global Unicorn Index.
  • Over the past year, a third of all global unicorn companies were in the sectors of fintech, software services, and AI.
  • NewLink has been included in the "Global Unicorn Index" for five consecutive years and has repeatedly ranked among the "Top 500 Global Unicorn Companies" and "Top 500 Global New Energy Companies".

NaaS Technology Partners with CNNE, Connecting 20 Charging Stations and Over 1,000 Chargers

Retrieved on: 
Tuesday, April 2, 2024
SAIC Motor, EV, CNNE, RMB, EVS, Partnership, Volkswagen, Lotus, Policy, EPC, AI, Software, BAIC Motor, Network as a service, PV

Under the agreement, NaaS will leverage its digital capabilities to integrate its nationwide charging network with CNNE's charging stations.

Key Points: 
  • Under the agreement, NaaS will leverage its digital capabilities to integrate its nationwide charging network with CNNE's charging stations.
  • The plan is to connect over 20 charging stations with more than 1,000 chargers, through a combination of connectivity and direct connection models.
  • Through NaaS' strategic partnership with KuaiDian App, users will gain access to information such as pricing, location, and availability of charging stations.
  • As of December 31, 2023, NaaS connected 77,000 charging stations and 876,000 chargers.

Stellar Q4 & Full Year 2023: NaaS Records 245% YoY Revenue Growth and 14-Fold Gross Profit Surge, Underpinning Upgraded Analytic Capabilities in Scale-up Connectivity

Retrieved on: 
Thursday, March 28, 2024
EV, CFO, NTR, GTR, Great Wall Motor, Transport, Wang, Network as a service, Kilowatt-hour, Yoy, Digital technology, Cryptocurrency

These results demonstrated the company's "exponential growth and expanding prowess in energy management and storage solutions" as stated by CEO Wang Yang.

Key Points: 
  • These results demonstrated the company's "exponential growth and expanding prowess in energy management and storage solutions" as stated by CEO Wang Yang.
  • As reported, NaaS' 2023 revenue reached RMB320.1 million (US$45.1 million), hitting a 245% YoY growth.
  • Gross margin increased noticeably from 6.6% to 27.7%, with the gross profit grew 14.4 times to RMB88.8 million (US$12.5 million) in 2023.
  • A 74% YoY growth of gross transaction value amounted to RMB4.7 billion (US$661.6 million) and a total of 213.8 million orders demonstrated 75% YoY growth.

NaaS Technology Inc. to Report 2023 Fourth Quarter and Full Year Unaudited Financial Results on March 28, 2024 Eastern Time

Retrieved on: 
Friday, March 22, 2024
EV, PIN

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.

Key Points: 
  • 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 conference call access information, including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call.

NaaS Collaborates with CSG Hainan EV, Offering Charging Services in China's 1st EV Penetration Market Hainan

Retrieved on: 
Friday, March 22, 2024
EV, EVS, AI, Software, CSG, China Southern Power Grid, Network as a service, APP, PV, EPC

Known as a tourists and trade destination located at southern China, Hainan Province also notably tops all other provinces and municipalities in accessibility of EVs --in 2023, the region represented China's highest EV penetration rate of 50.8%. The province now has 292,700 EVs, with a car-to-pile ratio of 2.5:1, according to the preliminary statistics of the Department of Finance of Hainan Province.

Key Points: 
  • BEIJING, March 22, 2024 /PRNewswire/ -- Recently, NaaS Technology(NASDAQ: NAAS), the first US-listed EV charging service company in China, announced cooperation with China Southern Power Grid (Hainan) EV Service Co., Ltd. (later referred to as CSG Hainan EV).
  • Hainan Province has the highest penetration rate of EV among China's provincial regions.
  • As agreed, NaaS, in collaboration with its strategic partner Kuaidian APP, has incorporated 193 charging stations and 700 DC chargers owned by CSG Hainan EV into its national charging service network.
  • CSG Hainan EV, an affiliate of China Southern Power Grid, is a provincial operator which provides EV services within the region.

NaaS Technology Inc. Announces Closing of US$6 Million Registered Direct Offering

Retrieved on: 
Friday, March 15, 2024
EV, Exercise, Form, Research, Sale, American depositary receipt, ADS, Security (finance)

BEIJING, March 15, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced the closing of its registered direct offering of 4,761,905 American Depositary Shares ("ADS") together with warrants to purchase up to 4,761,905 ADSs at a combined purchase price of US$1.26 per ADS and accompanying warrant (together the "Securities") for total gross proceeds of approximately US$6 million, before deducting commissions and other estimated offering expenses.

Key Points: 
  • BEIJING, March 15, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced the closing of its registered direct offering of 4,761,905 American Depositary Shares ("ADS") together with warrants to purchase up to 4,761,905 ADSs at a combined purchase price of US$1.26 per ADS and accompanying warrant (together the "Securities") for total gross proceeds of approximately US$6 million, before deducting commissions and other estimated offering expenses.
  • The warrants have an exercise price of US$1.49, will be exercisable beginning six months following the date of issuance and will expire five years from the initial exercise date.
  • This offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No 333-273515) previously filed with the U.S. Securities and Exchange Commission (the "SEC").
  • A prospectus supplement describing the terms of the proposed offering has been filed with the SEC on March 14, 2024.