NaaS Technology Inc

NaaS Technology, Inc. operates as an electric vehicle charging service provider. The firm maintains the largest EV charging network in China in terms of the charging volume transacted through its charging network for third-party charging station operators, and the number of public DCFCs (direct current fast charger with 30kW power output or more) connected to its network. The company was founded by Zhen Dai and Yang Wang and is headquartered in Beijing, China.

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NaaS Technology Inc achieves first profit milestone amidst revenue surge

NaaS Technology Inc's Q2 2024 performance reflects strong financial growth, marked by revenue and gross profit increases alongside operational efficiency improvements.
The company's focus on autonomous charging solutions, AI advancements, and strategic partnerships underpin its strengths and growth potential in the market.
While challenges in sustaining profitability and managing operational costs exist, opportunities in market expansion and technological innovation offer avenues for future growth.
Overall, NaaS Technology Inc's financial success in Q2 2024 sets a positive trajectory for continued growth and innovation in the electric vehicle charging sector.

NaaS Technology Inc reports record profits and eyes EV market dominance

NaaS Technology Inc's Q3 performance reflects positive financial growth, operational efficiency, and strategic positioning in the EV charging market.
While challenges in maintaining profitability and managing costs persist, the company's focus on core services and technology offers avenues for sustained success.
Opportunities lie in scaling operations, leveraging partnerships, and advancing technology to drive future growth and profitability for NaaS Technology Inc.

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NaaS Technology, Inc. engages in the provision of electric vehicle charging services. The firm maintains an EV charging network in China through its charging network for third-party charging station operators, and the number of public DCFCs (direct current fast charger with 30kW power output or more) connected to its network. The company was founded by Zhen Dai and Yang Wang on July 16, 2013 and is headquartered in Beijing, China.

NaaS Technology Inc. (NASDAQ:NAAS ) Q1 2024 Earnings Conference Call May 10, 2024 8:00 AM ET Company Participants John Wang - Director, Investor Relations Cathy Wang Yang - Chief Executive Officer Vivian Wu Ye - Chief Strategy Officer Alex Wu - President and CFO Conference Call Participants Zoe Feng - TF Securities Ting Song - Goldman Sachs Ethan Zhang - Nomura Operator Ladies and gentlemen, thank you for standing by. And welcome to the NaaS First Quarter 2024 Earnings Conference Call.

NaaS Technology Inc. (NAAS) Q1 2024 Earnings Call Transcript

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.

NaaS Technology Inc. Reports Unaudited 2024 First Quarter Financial Results

BEIJING , May 9, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NaaS) ("NaaS" or the Company"), the first U.S. listed EV charging service company in China, announces that its annual report on Form 20-F for the fiscal year ended December 31, 2023 has been filed with the Securities and Exchange Commission. The annual report can be accessed on the Company's investor relations website at https://ir.enaas.com/.

NaaS Technology Inc. Announces Filing of Annual Report on Form 20-F

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).

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

BEIJING , April 12, 2024 /PRNewswire/ -- On April 9, the Hurun Research Institute released the Global Unicorn Index 2024 in Guangzhou, a ranking of the world's start-ups founded in the 2000s, worth at least a billion dollars and not yet listed on a public exchange. 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.

NewLink Included Again in Global Unicorn Index by Hurun Research Institute

BEIJING , April 2, 2024 /PRNewswire/ -- Recently, NaaS Technology (NASDAQ: NAAS), the first U.S. listed EV charging service company in China, announced its partnership with Beijing Car Network New Energy Co., Ltd. (hereinafter referred to as "CNNE"), a digital charging and battery-swapping service provider.

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

NaaS Technology, Inc. (NAAS) Q4 2023 Earnings Call Transcript

BEIJING , March 28, 2024 /PRNewswire/ -- NaaS Technology(NASDAQ:NAAS), the first U.S. listed EV charging service company in China, announced remarkable financial growth and operational highlights in its newly-released unaudited financial results for the fourth quarter and full year ended December 31, 2023. These results demonstrated the company's "exponential growth and expanding prowess in energy management and storage solutions" as stated by CEO Wang Yang.

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

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.

NaaS Technology Inc. Reports Unaudited 2023 Fourth Quarter and Full Year Financial Results

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).

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

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).

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

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.

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

BEIJING , March 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 has entered into a definitive agreement with a single, U.S. institutional investor for the purchase and sale 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"), pursuant to a registered direct offering for total gross proceeds of approximately US$6 million , before deducting commissions and other estimated offering expenses. The warrants will 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.

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

The collaboration integrates NaaS' capabilities of energy assets addressing and data analytic with CCTEB's construction practices to charging station EPC, PV, battery storage upgrades and energy port upgrades, etc. More convenient charging services and efficient energy assets operation are expected, leveraging NaaS' data analysis competence and broadening its connective charging ecosystem.

NaaS Technology and CCTEB Form Strategic Partnership to Accelerate Digitalization of Charging Infrastructure Network

Achieved a positive NTR of 0.75% in February 2024, records fifth consecutive month of Net Take Rate growth. Showcased exceptional business expansion with an 80% increase in charging volume in 2023.

NaaS Technology Inc. Records Fifth Consecutive Month of Net Take Rate Growth

NaaS leverages its capabilities in digital technologies and AI innovations to form a global 'charging ecosystem' applied to going-global EVs. A holistic offering of charging services will be integrated to China's EVs, enhancing their charging station accessibility and overall charging experience.

NaaS Technology Forms Strategic Partnership with CATARC New Energy Vehicle Test Center, Forging a Global 'Charging Ecosystem'

BEIJING , March 5, 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 management will participate in the following upcoming investor conferences in March: 36th Annual ROTH Conference March 17-19, 2024 Dana Point, California Jefferies Asia Forum 2024March 21, 2024 Hong Kong 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 ir@enaas.com About NaaS Technology Inc. NaaS Technology Inc. (Nasdaq: NAAS) is the first U.S. listed EV charging service company in China. The Company is a subsidiary of NewLink Technology Limited, a leading energy digitalization group in China.

NaaS Technology Inc. to Participate in Upcoming Investor Conferences in March 2024

NaaS Technology is a leading charging solution provider in China, offering a range of services from initial construction to operation and upgrades of charging stations. The company reported positive financial results in Q3'23, with significant year-over-year growth in revenue and gross profit. Strong demand for public charging in China and a strategic partnership with Geely Automobile contribute to NaaS's future growth potential.

Green Energy Leader NaaS Expecting 4-5x Topline Growth In FY24

BEIJING , March 1, 2024 /PRNewswire/ -- On February 26, the Sixth Session of the United Nations Environment Assembly (UNEA-6) kicked off at Nairobi, the Capital of Kenya. Environment ministers and heads of relevant authorities from more than 180 countries worldwide attended the conference.

The Only Invited Chinese Enterprise On the Stage! NaaS Technology Shares Green Practice and Proposal at UNEA-6

BEIJING , March 1, 2024 /PRNewswire/ -- Lately, NaaS Technology (NASDAQ: NAAS), the first US listed EV charging service company in China, announced a partnership with Geely Holding Group Automobile Sales Co., Ltd. (hereinafter referred to as Geely Auto), whereby the two parties will, through cooperation in connectivity of charging facilities, station data, payment service and plug and charge, facilitate Geely Auto to further improve charging service network and ease charging of Geely EVs.

NaaS Technology Collaborates with Geely Auto to Provide Millions of EV Owners with More Accessible Charging Services

BEIJING , Feb. 22, 2024 /PRNewswire/ -- On Februray 20, NaaS Technology (NASDAQ: NAAS), the first US-listed EV charging service company in China, and Foshan Chancheng City Construction Group Co., Ltd. (Hereinafter referred to as Chancheng City Construction Group) signed a strategic cooperation agreement at NaaS' headquarters in Anji, Zhejiang.

NaaS Technology Joins Forces with Foshan Chancheng City Construction Group to Advance Regional New Energy Infrastructure Development

BEIJING , Feb. 22, 2024 /PRNewswire/ -- Global Environmental Information Research Center CDP (formerly known as Carbon Disclosure Project), also a leading global carbon emissions rating agency, has recently announced its latest CDP Score Report. NaaS Technology (NASDAQ: NAAS), participating for the first time in the assessment, achieved a "B" rating for Climate Change, surpassing the global average rating of "C".

NaaS Technology Awarded by CDP a Global Above-average ESG Performance Rating

BEIJING , Feb. 8, 2024 /PRNewswire/ -- Recently, NaaS (NASDAQ: NAAS) staged a huge bullish run in the NASDAQ market, with its stock price soaring by nearly 70% in just two weeks. As of the closing on February 7, its stock price reached $1.81 per share, 70% above its previous low.

NaaS stocks jumped 70% in last two weeks. What happened?

BEIJING , Feb.8, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today provided an update on its recent business developments and announced its revised revenue guidance for the financial year ended December 31, 2023. Focusing on improving operational efficiency, the Company has achieved a positive net take rate (NTR, transaction-side gross margin) while maintaining a 49% year-over-year growth in charging volume for its connectivity business during the month of January 2024.

NaaS Technology Inc. Announces Positive NTR for January 2024 and Updates Revenue Guidance for Full Year 2023

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.

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