NaaS Technology Inc. provides electric vehicle (EV) charging services in China. It serves charging station operators, charger manufacturers, EV OEMs, and other end-users. The company was founded in 2019 and is based in Beijing, China.

NaaS Technology Inc.

NaaS Technology Inc. is one of the largest and fastest growing electric vehicle charging service providers in China. Founded in 2019, NaaS provides EV charging services and maintains the largest charging network in China. As of June 30, 2022, NaaS has extended its businesses to 358 cities across China, with over 44,000 charging stations and over 400,000 charging guns.

NaaS's vision is to power the world with green energy. The company's market strength comes from being one of the first EV movers in the massive Chinese market. NaaS' asset-light business model allows for accelerated expansion and growth. The company has a comprehensive suite of EV charging solutions that serve charging station operators, charger manufacturers, EV OEMs and end-users, and also benefits other stakeholders along the EV charging industry value chain. The company's competitive advantages in geographic coverage, efficiency and sustainability have made it well-positioned to become a global leader in EV charging services.

NaaS

I'm excited to share that Wang Yang, the founder and CEO of NaaS(NASDAQ: NaaS), has been selected as one of the 15 business leaders for the EY Entrepreneurial Winning Women™ Asia-Pacific 2023 program by Ernst & Young. Wang is one of the 5 outstanding female entrepreneurs from China to receive this award, which recognizes successful women entrepreneurs in the Asia-Pacific region.

Congratulations to Wang Yang on this well-deserved recognition! Your leadership and vision are an inspiration to all of us in the business community. #womeninbusiness #entrepreneurship #AsiaPacific #leadership #inspiration #entrepreneurs #leaders

Happy Chinese Arbor Day! Let's come together and make a difference for the environment. NaaS is proud to support this cause and encourages our industry partners to join us in working towards our carbon reduction goals. #ArborDay #environment #carbonreduction #NaaS"

Happy International Women's Day! Let's celebrate the extraordinary accomplishments of women worldwide today. #women

The move towards sustainable transportation has made the need for accessible and dependable EV charging infrastructure increasingly crucial. NaaS is leading this effort by providing an innovative charging network that supports the expanding EV market. We are thrilled to extend our services to a wider audience across Asia. #sustainable #ev #evcharging

Congrats to the successful grand opening of the state-of-the-art NEWLINKS Jining Gas Station With cutting-edge fuel dispensing technology and a modern convenience store, we offer our customers a unique and seamless experience. We extend our heartfelt gratitude to our hardworking team for making this project a reality. #NEWLINKS #JiningGasStation #GrandOpening #CustomerExperience #FuelDispensing #ModernConvenienceStore

NaaS is proud to announce a new partnership with GCL-ET to advance the development of an integrated energy service system for charging and exchanging. Our collaboration aims to facilitate access and sharing of charging and network exchanging services, as we work together to explore capabilities in comprehensive energy and intelligent supply. Stay tuned for more updates on our progress towards a more sustainable future! #cleanenergy  #sustainability  #energyindustry  #partnerships

Wishing everyone a prosperous Longtaitou Festival! Let's take this opportunity to reflect on our business goals and aspirations for the year.

We are thrilled to announce that NewLink has become one of the pioneering ecological partners of ERNIE Bot, in collaboration with Baidu. Our shared focus on AI and energy will drive innovation and create industry standards. Excited to contribute to this dynamic partnership. #AI #energy #partnership #innovation #technology

NaaS and Karry New Energy have recently partnered to enhance electrification process of commercial vehicles. Naas is integrating its charging network into Karry's charging management platform, offering a one-stop solution for commercial vehicle electrification and connectivity. This partnership will increase charging efficiency and provide more reliable services for new energy commercial vehicles, delivering an improved charging experience for users. #energy #partnership #sustainability #newenergy

	Dec '17	Jun '20	Sep '20	Dec '20	Dec '21	Sep '22	Dec '22	Mar '23	Jun '23	Sep '23	Dec '23	Mar '24	Jun '24
net income	-138.00M -	-58.03M 57.94%	28.01M 148.27%	1.43M 94.90%	277.69M 19,346.01%	-15.91M 105.73%	-17.83M 12.03%	-16.03M 10.10%	-47.67M 197.46%	-50.62M 6.19%	-495.73M 879.24%	-227.40M 54.13%	-135.47M 40.43%
depreciation and amortization	25.10M -			59.15M -					653.27K -
deferred income tax	-1.60M -			-29.55M -
stock based compensation				18.00M -							79.73M -	80.32M 0.74%	42.94M 46.53%
change in working capital	79.90M -			-79.90M -
accounts receivables	-1.40M -			753K -
inventory	-1.30M -			2.17M -
accounts payables	-28.80M -			32.27M -
other working capital	111.40M -			-115.10M -
other non cash items	129.60M -	58.03M 55.22%	-28.01M 148.27%	-269.87M 863.34%	-307.63M 13.99%	15.91M 105.17%	17.83M 12.03%	16.03M 10.10%	48.33M 201.53%	50.62M 4.76%	416.00M 721.75%	147.08M 64.64%	92.53M 37.09%
net cash provided by operating activities	95M -			-300.74M -	-29.95M 90.04%		-580.70M -		1.31M -
investments in property plant and equipment	-24.90M -			1.02M -			-17.13M -
acquisitions net				-19.90M -
purchases of investments				-572M -
sales maturities of investments				568M -
other investing activites	290M -			-354.00M -	15.93M 104.50%		-144.20M -
net cash used for investing activites	265.10M -			-376.88M -	15.93M 104.23%		-161.34M -
debt repayment
common stock issued
common stock repurchased	437.80M -			-437.80M -
dividends paid
other financing activites	-262M -			262M -	-15.84M 106.05%		1.25B -
net cash used provided by financing activities	175.80M -			-175.80M -	-15.84M 90.99%		1.25B -
effect of forex changes on cash	-4.80M -			4.80M -			-439.51M -
net change in cash	531.20M -			-848.62M -	-29.85M 96.48%		65.36M -	4.98M 92.38%	-7.88M 258.34%	-16.71M 112.06%
cash at beginning of period	632.70M -				45.88M -	61.80M 34.69%	8.49M 86.26%	73.85M 769.90%	78.82M 6.74%	70.94M 10.00%
cash at end of period	1.16B -			-848.62M -	16.03M 101.89%	61.80M 285.59%	73.85M 19.49%	78.82M 6.74%	70.94M 10.00%	54.23M 23.56%
operating cash flow	95M -			-300.74M -	-29.95M 90.04%		-580.70M -		1.31M -
capital expenditure	-24.90M -			1.02M -			-17.13M -
free cash flow	70.10M -			-299.72M -	-29.95M 90.01%		-597.83M -		1.31M -

COM:ENAAS

NaaS Technology Inc.

Last Close

3.21

22/11 21:00

Market Cap

19.61M

Beta: -

Volume Today

149.72K

Avg: -

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