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NaaS Technology Inc. American Depositary Shares - $NAAS STOCK NEWS

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Rhea-AI Summary

NaaS Technology Inc. (Nasdaq: NAAS) will report its unaudited financial results for the first quarter ended March 31, 2024 on May 9, 2024. The company, a U.S. listed EV charging service company in China, will host an earnings conference call on May 10, 2024. Participants can register online to join the call and access a live webcast. A replay will be available until May 17, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
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conferences earnings
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Rhea-AI Summary
NewLink, a start-up specializing in energy digitalization, EV charging services, and transport energy transformation, has been named a 'Hurun Global Unicorn' for the fifth consecutive year in the Global Unicorn Index 2024. The index reveals a total of 1,453 unicorn companies globally, valued at USD 4.6 trillion, with a significant presence in fintech, software services, and AI sectors. China ranks second in unicorn companies, with a focus on AI, semiconductor, and new energy industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.67%
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none
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Rhea-AI Summary
NaaS Technology (NASDAQ: NAAS) partners with CNNE to connect 20 charging stations and over 1,000 chargers in Beijing, aiming to enhance EV charging services in a rapidly growing market.
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partnership
Rhea-AI Summary
NaaS Technology (NAAS) achieved significant financial growth in 2023 with a 245% YoY revenue increase and a 14-fold gross profit surge. The company's operational highlights include a substantial rise in charging volume, gross transaction value, and total orders. NaaS also expanded its EV charging network and improved its Net Take Rate (NTR) and Gross Take Rate (GTR). The company's focus on energy solutions revenue and strategic partnerships with national operators and leading automobile manufacturers demonstrate its commitment to becoming a global energy assets operator.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.29%
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none
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Rhea-AI Summary
NaaS Technology Inc. announces impressive financial results for Q4 and full year 2023, with revenue growth of 119% and 245% respectively. Gross profit increased significantly, along with operational highlights and strategic partnerships. The Company's focus on profitability and strategic execution led to five consecutive months of NTR improvement. However, operating expenses saw a substantial increase, impacting net margins negatively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.29%
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Rhea-AI Summary
NaaS Technology Inc. (NAAS) to report unaudited financial results for Q4 and full year 2023. Earnings conference call scheduled for March 28, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.96%
Tags
conferences earnings
Rhea-AI Summary
NaaS Technology (NAAS) collaborates with CSG Hainan EV to offer EV charging services in Hainan, China, the province with the highest EV penetration rate in China. NaaS integrates 193 charging stations and 700 DC chargers into its network, enhancing accessibility for local EV owners. Hainan Province boasts 292,700 EVs with a car-to-pile ratio of 2.5:1. NaaS aims to boost industrial efficiency through digital technologies and AI, with 73,000 charging stations and 767,000 chargers connected as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.96%
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none
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Rhea-AI Summary
NaaS Technology Inc. announces the closing of a direct offering of 4,761,905 ADSs with warrants, generating approximately US$6 million in gross proceeds. The offering aims to support EV charging network expansion, R&D activities, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.67%
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Rhea-AI Summary
NaaS Technology Inc. (NAAS) has finalized a deal with a U.S. institutional investor for the purchase of 4,761,905 ADSs and warrants at a combined price of US$1.26 per ADS. The registered direct offering is set to raise approximately US$6 million in gross proceeds. The warrants will have an exercise price of US$1.49 and expire five years from the initial exercise date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-26.85%
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Rhea-AI Summary
NaaS Technology (NAAS) collaborates with CCTEB to enhance charging infrastructure networks and operational efficiency. The agreement aims to integrate NaaS' energy assets addressing and digital operation with CCTEB's construction practices, focusing on PV-charging-storage integration and energy ports. This partnership will accelerate the digitalization of charging infrastructure networks, providing more convenient and efficient services for EV users.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
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partnership
NaaS Technology Inc. American Depositary Shares

Nasdaq:NAAS

NAAS Rankings

NAAS Stock Data

225.12M
567.31M
10.98%
0.54%
Educational Support Services
Educational Services
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United States of America
Huzhou