Symbols / NAAS Stock $2.28 +8.57% NaaS Technology Inc.

Consumer Cyclical • Specialty Retail • China • NCM
NAAS (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Consumer Cyclical
Industry Specialty Retail
CEO Ms. Yang Wang
Exch · Country NCM · China
Market Cap 27.49M
Enterprise Value 88.50B
Income -414.10M
Sales 125.14M
FCF (ttm) 81.03M
Book/sh -61.06
Cash/sh 0.00
Employees 181
Insider 10d
IPO Oct 20, 2017
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E
Forward P/E 228.00
PEG
P/S 0.22
P/B -0.04
P/C
EV/EBITDA -490.83
EV/Sales 707.21
Quick Ratio 0.09
Current Ratio 0.19
Debt/Eq
LT Debt/Eq
EPS (ttm) -18.75
EPS next Y 0.01
EPS Growth
Revenue Growth -35.30%
EPS Gr Q/Q
Rev Gr Q/Q
Earnings (next)
Earnings (prior)
ROA -23.91%
ROE
ROIC
Gross Margin 85.92%
Oper. Margin -222.74%
Profit Margin 0.00%
Shs Outstand 11.64M
Shs Float 24.55B
Insider Own 0.94%
Instit Own 0.47%
Short Float 0.78%
Short Ratio 10.30
Short Interest 50.20K
52W High 13.96
vs 52W High -83.67%
52W Low 1.80
vs 52W Low 26.67%
Beta 1.57
Impl. Vol.
Rel Volume 0.84
Avg Volume 6.22K
Volume 5.23K
Target (mean)
Tgt Median
Tgt Low
Tgt High
# Analysts
Recom None
Prev Close $2.10
Price $2.28
Change 8.57%
About

NaaS Technology Inc. provides electric vehicle (EV) charging services in China. The company offers online EV charging solutions to charging stations, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers management, order management, load management, and membership management; and operates full station. It also provides energy solutions comprising site selection; hardware procurement; engineering, procurement, and construction for charging stations. In addition, the company integrates smart photovoltaics energy storage and power charging for station upgrade, as well as offline operational and management services. Further, it is involved in providing electricity procurement services to charging stations; cloud-based virtual power plant platform to facilitate the establishment of a modern energy system for charging stations. Additionally, the company offers other amenities and ancillary services, such as vending machines, massage chairs, and car wash tunnels, as well as design and decoration, furniture, ands fixture procurement. NaaS Technology Inc. is headquartered in Beijing, China.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.28
Low
High
Mean
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
125.14
-37.73%
200.98
-13.88%
233.36
+151.43%
92.81
Operating Revenue
125.14
-37.73%
200.98
-13.88%
233.36
+151.43%
92.81
Cost Of Revenue
17.62
-84.33%
112.43
-33.93%
170.17
+96.40%
86.65
Reconciled Cost Of Revenue
17.62
-84.33%
112.43
-33.93%
170.17
+96.40%
86.65
Gross Profit
107.52
+21.43%
88.54
+40.12%
63.19
+924.63%
6.17
Operating Expense
298.24
-51.55%
615.58
-42.40%
1,068.66
-56.42%
2,451.93
Research And Development
14.60
-65.30%
42.07
-31.71%
61.61
+68.53%
36.56
Selling General And Administration
283.64
-50.54%
573.51
-43.05%
1,007.05
-58.31%
2,415.37
Selling And Marketing Expense
150.51
-24.32%
198.86
-54.66%
438.61
+81.67%
241.43
General And Administrative Expense
133.13
-64.46%
374.64
-34.09%
568.45
-73.85%
2,173.94
Other Gand A
133.13
-64.46%
374.64
-34.09%
568.45
-73.85%
2,173.94
Other Operating Expenses
Total Expenses
315.86
-56.61%
728.01
-41.23%
1,238.84
-51.20%
2,538.57
Operating Income
-190.72
+63.81%
-527.03
+47.58%
-1,005.47
+58.89%
-2,445.76
Total Operating Income As Reported
-265.79
+67.07%
-807.03
+23.52%
-1,055.21
+57.11%
-2,460.48
EBITDA
-386.96
+55.69%
-873.31
+29.72%
-1,242.54
+77.84%
-5,607.67
Normalized EBITDA
-178.66
+63.69%
-492.07
+49.01%
-965.06
+82.73%
-5,587.38
Reconciled Depreciation
5.58
-64.84%
15.87
-6.82%
17.03
+77.44%
9.60
EBIT
-392.54
+55.85%
-889.17
+29.41%
-1,259.57
+77.58%
-5,617.27
Total Unusual Items
-208.31
+45.36%
-381.24
-37.40%
-277.48
-1267.63%
-20.29
Total Unusual Items Excluding Goodwill
-208.31
+45.36%
-381.24
-37.40%
-277.48
-1267.63%
-20.29
Special Income Charges
-81.56
+72.90%
-300.92
-307.66%
-73.82
-234.89%
-22.04
Other Special Charges
Write Off
81.56
-72.90%
300.92
+307.66%
73.82
+234.89%
22.04
Net Income
-438.95
+51.95%
-913.48
+30.10%
-1,306.91
+76.82%
-5,637.36
Pretax Income
-425.11
+54.15%
-927.19
+28.17%
-1,290.72
+77.06%
-5,627.50
Net Non Operating Interest Income Expense
-32.57
+18.25%
-39.84
-25.07%
-31.85
-210.00%
-10.28
Interest Expense Non Operating
32.57
-14.33%
38.01
+22.01%
31.16
+204.31%
10.24
Net Interest Income
-32.57
+18.25%
-39.84
-25.07%
-31.85
-210.00%
-10.28
Interest Expense
32.57
-14.33%
38.01
+22.01%
31.16
+204.31%
10.24
Interest Income Non Operating
Interest Income
Other Income Expense
-201.82
+43.99%
-360.31
-42.19%
-253.40
+92.01%
-3,171.47
Other Non Operating Income Expenses
6.48
-69.02%
20.93
-13.10%
24.08
+100.76%
-3,151.18
Gain On Sale Of Security
-126.75
-57.80%
-80.32
+60.56%
-203.66
-11717.97%
1.75
Tax Provision
0.00
+100.00%
-19.15
-678.90%
3.31
-66.45%
9.86
Tax Rate For Calcs
0.00
-100.00%
0.00
-91.74%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
+100.00%
-7.87
+88.65%
-69.37
-1267.63%
-5.07
Net Income Including Noncontrolling Interests
-449.97
+50.79%
-914.44
+30.04%
-1,307.15
+76.81%
-5,637.36
Net Income From Continuing Operation Net Minority Interest
-414.10
+54.35%
-907.08
+29.89%
-1,293.79
+77.05%
-5,637.36
Net Income From Continuing And Discontinued Operation
-438.95
+51.95%
-913.48
+30.10%
-1,306.91
+76.82%
-5,637.36
Net Income Continuous Operations
-425.11
+53.18%
-908.04
+29.83%
-1,294.03
+77.05%
-5,637.36
Net Income Discontinuous Operations
-24.86
-288.15%
-6.40
+51.19%
-13.12
0.00
Minority Interests
11.01
+1049.48%
0.96
+304.22%
0.24
0.00
Normalized Income
-205.79
+61.44%
-533.71
+50.84%
-1,085.68
+80.69%
-5,622.15
Net Income Common Stockholders
-438.95
+51.95%
-913.48
+30.10%
-1,306.91
+76.82%
-5,637.36
Diluted EPS
-160.00
+42.86%
-280.00
+84.91%
-1,856.00
+79.43%
-9,024.00
Basic EPS
-160.00
+42.86%
-280.00
+84.91%
-1,856.00
+79.43%
-9,024.00
Basic Average Shares
3.04
-7.49%
3.29
+365.67%
0.71
+13.21%
0.62
Diluted Average Shares
3.04
-7.49%
3.29
+365.67%
0.71
+13.21%
0.62
Diluted NI Availto Com Stockholders
-438.95
+51.95%
-913.48
+30.10%
-1,306.91
+76.82%
-5,637.36
Total Other Finance Cost
1.82
+161.84%
0.70
+1783.78%
0.04
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
312.57
-51.96%
650.64
-55.59%
1,465.10
+32.48%
1,105.93
Current Assets
214.05
-51.30%
439.50
-61.58%
1,143.97
+22.90%
930.79
Cash Cash Equivalents And Short Term Investments
82.44
-39.28%
135.79
-74.59%
534.30
+7.62%
496.45
Cash And Cash Equivalents
81.15
-35.90%
126.61
-70.98%
436.24
-12.13%
496.45
Cash Equivalents
2.29
-31.64%
3.35
+273.05%
0.90
Cash Financial
124.32
-71.28%
432.89
-12.64%
495.55
Other Short Term Investments
1.29
-85.93%
9.17
-90.64%
98.06
0.00
Receivables
127.44
-48.75%
248.68
-30.07%
355.64
+127.01%
156.66
Accounts Receivable
21.71
-51.21%
44.51
-39.15%
73.14
-43.74%
130.00
Gross Accounts Receivable
104.97
-7.64%
113.64
-14.97%
133.66
-12.22%
152.26
Allowance For Doubtful Accounts Receivable
-83.25
-20.41%
-69.14
-14.25%
-60.51
-171.94%
-22.25
Receivables Adjustments Allowances
Other Receivables
105.72
-48.22%
204.18
+4.29%
195.78
+714.77%
24.03
Taxes Receivable
52.60
-10.87%
59.01
+2145.47%
2.63
Inventory
0.02
0.00
-100.00%
22.46
0.00
Work In Process
0.00
0.00
-100.00%
4.80
0.00
Finished Goods
0.02
0.00
-100.00%
17.66
0.00
Prepaid Assets
135.53
-41.47%
231.57
-11.20%
260.78
Restricted Cash
16.90
Assets Held For Sale Current
4.15
-92.46%
55.03
0.00
Other Current Assets
30.37
Total Non Current Assets
98.52
-53.34%
211.15
-34.25%
321.13
+83.35%
175.15
Net PPE
3.92
-47.05%
7.41
-59.76%
18.40
-6.25%
19.63
Gross PPE
29.50
-1.67%
30.00
-42.19%
51.90
+25.97%
41.20
Accumulated Depreciation
-25.58
-13.20%
-22.60
+32.53%
-33.49
-55.28%
-21.57
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
12.63
+34.78%
9.37
-73.17%
34.92
+26.96%
27.50
Machinery Furniture Equipment
5.69
-2.37%
5.83
-5.94%
6.20
+116.14%
2.87
Other Properties
11.18
-24.47%
14.80
+37.34%
10.78
-0.45%
10.83
Goodwill And Other Intangible Assets
1.59
-31.82%
2.33
-95.63%
53.41
+6311.16%
0.83
Goodwill
0.00
-100.00%
40.09
0.00
Other Intangible Assets
1.59
-31.82%
2.33
-82.47%
13.32
+1499.04%
0.83
Investments And Advances
92.82
-53.44%
199.36
-17.19%
240.74
+70.97%
140.81
Long Term Equity Investment
0.42
+2.43%
0.41
+53.93%
0.27
0.00
Non Current Deferred Assets
Non Current Deferred Taxes Assets
Other Non Current Assets
0.19
-90.52%
2.05
-76.14%
8.58
-38.14%
13.87
Total Liabilities Net Minority Interest
1,205.25
-14.20%
1,404.78
-6.89%
1,508.70
+126.17%
667.06
Current Liabilities
1,123.16
-16.83%
1,350.41
+65.28%
817.03
+325.22%
192.14
Payables And Accrued Expenses
589.99
+107.69%
284.07
-21.78%
363.19
+219.30%
113.75
Payables
589.99
+107.69%
284.07
+14.28%
248.58
+166.23%
93.37
Accounts Payable
230.83
+121.48%
104.22
-31.46%
152.07
+208.83%
49.24
Other Payable
358.36
+100.14%
179.05
+150.17%
71.57
+224.43%
22.06
Current Accrued Expenses
88.31
-22.94%
114.61
+462.46%
20.38
Total Tax Payable
0.80
+0.00%
0.80
-96.81%
24.94
+13.01%
22.07
Income Tax Payable
0.80
+0.00%
0.80
-95.85%
19.17
+18.23%
16.21
Current Debt And Capital Lease Obligation
503.23
-50.46%
1,015.76
+187.92%
352.79
+686.55%
44.85
Current Debt
501.76
-50.54%
1,014.50
+193.52%
345.64
+809.57%
38.00
Other Current Borrowings
501.76
-50.54%
1,014.50
+193.52%
345.64
+809.57%
38.00
Current Capital Lease Obligation
1.47
+17.15%
1.25
-82.47%
7.15
+4.39%
6.85
Current Deferred Liabilities
32.51
-67.83%
101.05
+201.26%
33.54
Current Deferred Revenue
32.51
-67.83%
101.05
+201.26%
33.54
Other Current Liabilities
29.95
-40.80%
50.59
Total Non Current Liabilities Net Minority Interest
82.08
+50.98%
54.37
-92.14%
691.67
+45.64%
474.92
Liabilities Heldfor Sale Non Current
Long Term Debt And Capital Lease Obligation
82.08
+50.98%
54.37
-92.11%
688.76
+45.16%
474.48
Long Term Debt
80.96
+58.54%
51.07
-92.51%
681.82
+46.58%
465.15
Long Term Capital Lease Obligation
1.12
-66.01%
3.30
-52.45%
6.94
-25.64%
9.33
Non Current Deferred Liabilities
0.00
-100.00%
2.92
+565.98%
0.44
Non Current Deferred Taxes Liabilities
0.00
-100.00%
2.92
+565.98%
0.44
Other Non Current Liabilities
Stockholders Equity
-933.98
-23.80%
-754.46
-1503.89%
-47.04
-110.72%
438.87
Common Stock Equity
-933.98
-23.80%
-754.46
-1503.89%
-47.04
-110.72%
438.87
Capital Stock
0.24
-99.87%
186.68
+13.01%
165.18
+12.58%
146.73
Common Stock
0.24
-99.87%
186.68
+13.01%
165.18
+12.58%
146.73
Share Issued
33,751.46
+1123.96%
2,757.56
+12.31%
2,455.20
+11.75%
2,196.98
Ordinary Shares Number
33,751.46
+1123.96%
2,757.56
+12.31%
2,455.20
+11.75%
2,196.98
Additional Paid In Capital
7,818.00
+5.80%
7,389.68
+2.69%
7,196.34
+13.17%
6,358.60
Retained Earnings
-8,690.61
-5.32%
-8,251.65
-12.45%
-7,338.17
-21.67%
-6,031.26
Gains Losses Not Affecting Retained Earnings
47.16
+148.52%
-97.19
-47.94%
-65.70
-86.64%
-35.20
Treasury Stock
0.00
-99.99%
6.86
0.00
Minority Interest
41.31
+12768.85%
0.32
-90.65%
3.43
0.00
Other Equity Adjustments
47.16
+148.52%
-97.19
-47.94%
-65.70
-86.64%
-35.20
Total Equity Gross Minority Interest
-892.67
-18.37%
-754.13
-1629.47%
-43.60
-109.94%
438.87
Total Capitalization
-853.02
-21.27%
-703.39
-210.81%
634.78
-29.78%
904.03
Working Capital
-909.12
+0.20%
-910.92
-378.62%
326.94
-55.74%
738.65
Invested Capital
-351.26
-212.90%
311.11
-68.27%
980.42
+4.08%
942.03
Total Debt
585.31
-45.30%
1,070.12
+2.74%
1,041.55
+100.55%
519.34
Net Debt
501.57
-46.58%
938.96
+58.82%
591.22
+8718.85%
6.70
Capital Lease Obligations
2.59
-43.10%
4.55
-67.69%
14.09
-12.92%
16.18
Net Tangible Assets
-935.58
-23.62%
-756.79
-653.44%
-100.44
-122.93%
438.04
Tangible Book Value
-935.58
-23.62%
-756.79
-653.44%
-100.44
-122.93%
438.04
Available For Sale Securities
92.40
-53.56%
198.95
-3.28%
205.69
+59.37%
129.06
Duefrom Related Parties Current
1.21
-95.65%
27.70
0.00
Financial Assets Designatedas Fair Value Through Profitor Loss Total
3.16
-90.92%
34.79
+195.99%
11.75
Inventories Adjustments Allowances
-1.18
Investmentin Financial Assets
92.40
-53.56%
198.95
-17.27%
240.48
+70.78%
140.81
Other Equity Interest
-108.78
-537.01%
24.89
+630.05%
-4.70
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
0.53
+100.30%
-179.14
+68.44%
-567.60
+3.16%
-586.12
Cash Flow From Continuing Operating Activities
0.53
+100.30%
-179.14
+68.44%
-567.60
+3.16%
-586.12
Cash From Discontinued Operating Activities
Net Income From Continuing Operations
-449.97
+51.74%
-932.40
+28.46%
-1,303.36
+76.84%
-5,627.50
Depreciation Amortization Depletion
5.58
-64.84%
15.87
-6.82%
17.03
+77.44%
9.60
Depreciation
2.98
-61.35%
7.71
-17.45%
9.35
-0.88%
9.43
Amortization Cash Flow
2.60
-68.15%
8.15
+6.11%
7.68
+4499.40%
0.17
Depreciation And Amortization
5.58
-64.84%
15.87
-6.82%
17.03
+77.44%
9.60
Amortization Of Intangibles
2.60
-68.15%
8.15
+6.11%
7.68
+4499.40%
0.17
Other Non Cash Items
32.63
-13.71%
37.82
+36.42%
27.72
-98.55%
1,918.11
Pension And Employee Benefit Expense
213.83
Stock Based Compensation
-17.50
-110.91%
160.42
-59.80%
399.08
+86.63%
213.83
Provisionand Write Offof Assets
-1.18
+88.95%
-10.69
-174.17%
14.41
0.00
Asset Impairment Charge
106.85
-65.25%
307.47
+311.46%
74.73
+262.99%
20.59
Operating Gains Losses
-6.23
+81.21%
-33.15
-252.81%
-9.40
-104.39%
213.83
Gain Loss On Investment Securities
-6.33
+62.50%
-16.88
-79.67%
-9.40
Unrealized Gain Loss On Investment Securities
126.75
+57.92%
80.26
-60.66%
204.04
-93.54%
3,156.74
Change In Working Capital
203.59
+4.60%
194.63
+6569.98%
2.92
+101.03%
-282.31
Change In Receivables
43.09
+183.56%
15.20
+122.86%
-66.48
+40.28%
-111.33
Changes In Account Receivables
-111.33
Change In Inventory
2.35
-89.72%
22.82
+161.94%
-36.84
0.00
Change In Prepaid Assets
19.79
-91.48%
232.31
+236.01%
-170.81
+9.06%
-187.83
Change In Payables And Accrued Expense
141.47
+520.45%
-33.65
-115.23%
220.93
+3183.89%
-7.16
Change In Accrued Expense
Change In Payable
141.47
+520.45%
-33.65
-115.23%
220.93
+3183.89%
-7.16
Change In Other Working Capital
-3.11
+92.61%
-42.05
-174.93%
56.12
+133.65%
24.02
Change In Other Current Liabilities
24.02
Investing Cash Flow
12.18
+106.04%
-201.67
+40.62%
-339.61
-110.50%
-161.34
Cash Flow From Continuing Investing Activities
12.18
+106.04%
-201.67
+40.62%
-339.61
-110.50%
-161.34
Cash From Discontinued Investing Activities
Net PPE Purchase And Sale
0.00
0.00
+100.00%
-6.33
+63.07%
-17.13
Purchase Of PPE
0.00
0.00
+100.00%
-6.33
+63.07%
-17.13
Capital Expenditure
-6.33
+63.07%
-17.13
Net Investment Purchase And Sale
9.13
+104.38%
-208.56
+31.29%
-303.51
-110.48%
-144.20
Purchase Of Investment
0.00
+100.00%
-541.33
+25.36%
-725.26
-402.95%
-144.20
Sale Of Investment
9.13
-97.26%
332.77
-21.10%
421.75
0.00
Net Business Purchase And Sale
3.00
+14.72%
2.62
+107.68%
-34.05
0.00
Purchase Of Business
0.00
0.00
+100.00%
-34.05
0.00
Financing Cash Flow
-57.19
-180.25%
71.27
-91.41%
830.11
-33.71%
1,252.32
Cash Flow From Continuing Financing Activities
-57.19
-180.25%
71.27
-91.41%
830.11
-33.71%
1,252.32
Net Issuance Payments Of Debt
-73.79
-165.73%
112.27
-87.50%
898.01
-29.32%
1,270.48
Issuance Of Debt
459.94
+50.75%
305.10
-70.99%
1,051.86
-17.65%
1,277.31
Repayment Of Debt
-533.73
-176.79%
-192.83
-25.34%
-153.85
-2151.20%
-6.83
Long Term Debt Issuance
459.94
+50.75%
305.10
-70.99%
1,051.86
-17.65%
1,277.31
Long Term Debt Payments
-533.73
-176.79%
-192.83
-25.34%
-153.85
-2151.20%
-6.83
Net Long Term Debt Issuance
-73.79
-165.73%
112.27
-87.50%
898.01
-29.32%
1,270.48
Net Common Stock Issuance
149.01
-29.84%
212.38
Common Stock Payments
Cash Dividends Paid
0.00
0.00
0.00
0.00
Repurchase Of Capital Stock
-39.96
-363.32%
-8.62
Proceeds From Stock Option Exercised
Net Other Financing Charges
49.47
+3628.26%
1.33
+103.72%
-35.68
-313.71%
-8.62
Changes In Cash
-44.48
+85.63%
-309.54
-301.43%
-77.11
-115.27%
504.86
Effect Of Exchange Rate Changes
Beginning Cash Position
126.70
-70.96%
436.24
-15.02%
513.35
+5947.25%
8.49
End Cash Position
82.22
-35.11%
126.70
-70.96%
436.24
-15.02%
513.35
Free Cash Flow
0.53
+100.30%
-179.14
+68.79%
-573.93
+4.86%
-603.25
Common Stock Issuance
149.01
-29.84%
212.38
Dividends Received CFI
0.05
-98.76%
4.27
-0.19%
4.28
0.00
Interest Paid CFF
-32.88
+22.33%
-42.33
-31.34%
-32.23
-237.93%
-9.54
Interest Received CFO
0.02
-96.53%
0.63
-87.90%
5.24
+8.56%
4.83
Issuance Of Capital Stock
149.01
-80.62%
768.73
Net Preferred Stock Issuance
-39.96
-107.29%
547.73
Preferred Stock Issuance
0.00
-100.00%
556.36
Preferred Stock Payments
-39.96
-363.32%
-8.62
Sale Of Business
3.00
+14.72%
2.62
0.00
0.00
Cash From Discontinued Financing Activities
SEC Filings

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