NaaS Technology Inc. is a holding company with no operations of its own. We conduct our operations in China primarily through our PRC subsidiaries. As a result, although other means are available for us to obtain financing at the holding company level, NaaS Technology Inc.’s ability to pay dividends to the shareholders and to service any debt it may incur may depend upon dividends paid by our PRC subsidiaries. If any of our subsidiaries incurs debt on its own behalf in the future, the instruments governing such debt may restrict its ability to pay dividends to NaaS Technology Inc. Under PRC laws and regulations, our PRC subsidiaries are subject to certain restrictions with respect to payment of dividends or other transfers of any of their net assets to us. Our PRC subsidiaries are permitted to pay dividends only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. PRC laws also require a foreign-invested enterprise to set aside at least 10% of its after-tax profits as the statutory common reserve fund until the cumulative amount of the statutory common reserve fund reaches 50% or more of such enterprises’ registered capital, if any, to fund its statutory common reserves, which are not available for distribution as cash dividends. Remittance of dividends by a wholly foreign-owned enterprise out of mainland China is also subject to examination by the banks designated by the PRC State Administration of Foreign Exchange, or SAFE. These restrictions are benchmarked against the paid-up capital and the statutory reserve funds of our PRC subsidiaries. To the extent cash in our business is in China or in an entity in mainland China, the funds may not be available to fund operations or for other use outside of mainland China due to interventions in or the imposition of restrictions and limitations by the PRC government on our ability to transfer cash. As a result, our ability to grow, make investments or acquisitions that could be beneficial to our business, pay dividends, or otherwise fund and conduct our business may be materially and adversely affected.
Company profile
Ticker
NAAS
Exchange
Website
CEO
Li Hong Wang
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
RISE Education Cayman Ltd
SEC CIK
NAAS stock data
Latest filings (excl ownership)
6-K
Current report (foreign)
10 Apr 24
6-K
NaaS Technology Inc. Reports Unaudited 2023 Fourth Quarter and Full Year Financial Results
28 Mar 24
6-K
NaaS Technology Inc. Announces Closing of US$6 Million Registered Direct Offering
15 Mar 24
424B5
Prospectus supplement for primary offering
14 Mar 24
6-K
NaaS Technology Inc. Announces US$6 Million Registered Direct Offering
13 Mar 24
6-K
NaaS Technology Inc. Records Fifth Consecutive Month of Net Take Rate Growth
8 Mar 24
6-K
NaaS Technology Inc. Announces Positive NTR for January 2024 and Updates Revenue
8 Feb 24
S-8
Registration of securities for employees
26 Dec 23
6-K
NaaS Technology Inc. Announces Amendment of Share Incentive Plan
21 Dec 23
424B5
Prospectus supplement for primary offering
22 Nov 23
Latest ownership filings
SC 13D/A
Beijing Zhenwei Qingfeng Economic Management Consulting Partnership (L.P.)
19 Mar 24
SC 13G/A
Bain Capital Rise Education IV Cayman Ltd
14 Feb 24
SC 13G
LMR Partners LLP
12 Feb 24
SC 13D/A
Newlinks Technology Ltd
21 Dec 23
SC 13D/A
Newlinks Technology Ltd
29 Nov 23
SC 13D/A
Newlinks Technology Ltd
19 Oct 23
SC 13D/A
Newlinks Technology Ltd
17 Oct 23
144
Notice of proposed sale of securities
21 Jun 23
SC 13G/A
Bain Capital Rise Education IV Cayman Ltd
14 Feb 23
SC 13D
Beijing Zhenwei Qingfeng Economic Management Consulting Partnership (L.P.)
23 Jun 22
Financial summary
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Annual (USD) | Dec 22 | Dec 21 | Dec 21 | Dec 20 | |
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Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 26 |
Opened positions | 10 |
Closed positions | 6 |
Increased positions | 7 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 5.64 bn |
Total shares | 2.05 bn |
Total puts | 74.20 k |
Total calls | 466.90 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Newlinks Technology | 1.65 bn | $0.00 |
Beijing Zhenwei Qingfeng Economic Management Consulting Partnership | 253.89 mm | $0.00 |
Bain Capital Rise Education IV Cayman | 119.37 mm | $0.00 |
Cicc | 29.39 mm | $0.00 |
IVZ Invesco | 1.34 mm | $4.67 bn |
Millennium Management | 76.13 k | $265.70 mm |
Laidlaw Wealth Management | 56.41 k | $196.89 mm |
Jane Street | 27.64 k | $96.46 mm |
Geode Capital Management | 20.95 k | $73.11 mm |
Rhumbline Advisers | 15.91 k | $55.52 mm |
News
12 Consumer Discretionary Stocks Moving In Tuesday's After-Market Session
16 Apr 24
12 Consumer Discretionary Stocks Moving In Thursday's After-Market Session
11 Apr 24
12 Consumer Discretionary Stocks Moving In Wednesday's After-Market Session
10 Apr 24
Naas Technology Q4 Adj $(0.19) Down From $(0.07) YoY, Sales $9.06M Up From $4.27M YoY
29 Mar 24
NaaS Technology Reports 2023 Revenue Of $45.1M
28 Mar 24
Press releases
NaaS Technology Commits to Gender Equality and Women's Empowerment by Signing WEPs
12 Apr 24
NewLink Included Again in Global Unicorn Index by Hurun Research Institute
12 Apr 24
NaaS Technology Partners with CNNE, Connecting 20 Charging Stations and Over 1,000 Chargers
2 Apr 24
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
28 Mar 24
NaaS Technology Inc. to Report 2023 Fourth Quarter and Full Year Unaudited Financial Results on March 28, 2024 Eastern Time
22 Mar 24