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
NaaS Technology Inc. Reports Unaudited 2024 Second Quarter and First Half Financial Results
24 Jul 24
6-K
Current report (foreign)
28 Jun 24
6-K
Current report (foreign)
28 Jun 24
424B3
Prospectus supplement
18 Jun 24
6-K
Current report (foreign)
18 Jun 24
6-K
NaaS Technology Inc. Announces Completion of ADS Ratio Change
13 Jun 24
6-K
NaaS Technology Inc. Announces Updated Effective Date of ADS Ratio Change
7 Jun 24
424B3
Prospectus supplement
6 Jun 24
F-6 POS
Automatic registration for ADRs (post-effective amendment, foreign)
30 May 24
6-K
NaaS Technology Inc. Announces Plan to Implement ADS Ratio Change
30 May 24
Transcripts
NAAS
Earnings call transcript
2024 Q2
24 Jul 24
NAAS
Earnings call transcript
2024 Q1
10 May 24
NAAS
Earnings call transcript
2023 Q4
29 Mar 24
NAAS
Earnings call transcript
2023 Q2
8 Sep 23
NAAS
Earnings call transcript
2022 Q2
22 Aug 22
NAAS
Earnings call transcript
2021 Q1
21 May 21
NAAS
Earnings call transcript
2020 Q4
17 Mar 21
NAAS
Earnings call transcript
2020 Q3
12 Nov 20
Latest ownership filings
SC 13D/A
Newlinks Technology Ltd
19 Jul 24
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
Financial summary
Quarter (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 21 | |
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Revenue | |||||
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Operating income | |||||
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Diluted EPS |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 4 |
Opened positions | 0 |
Closed positions | 2 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 2.01 bn |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Newlinks Technology | 1.61 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 |
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Press releases
NaaS Technology Inc. Reports Unaudited 2024 Second Quarter and First Half Financial Results
24 Jul 24
NaaS Technology Inc. Announces Completion of ADS Ratio Change
13 Jun 24
NaaS Technology Inc. Announces Updated Effective Date of ADS Ratio Change
7 Jun 24
NaaS Technology Inc. Announces Plan to Implement ADS Ratio Change
30 May 24
NaaS Technology Inc. Reports Unaudited 2024 First Quarter Financial Results
9 May 24