NaaS Technology Inc. (“NaaS” or the “Company”) (NASDAQ: NAAS), one
of the largest and fastest growing electric vehicle charging
service providers in China, today announced its unaudited financial
results for the quarter and six months ended June 30, 2022.
Second Quarter 2022 Operational
Highlights:
- Charging volume
transacted through NaaS’ network in the second quarter of 2022
reached 580GWh, representing an increase of 135% year over year.
Total charging volume in the first half year of 2022 reached
1,062GWh, and increased by 160% year over year.
- Gross
transaction value transacted through NaaS’ network in the second
quarter of 2022 reached RMB537.2 million (US$80.2 million),
representing an increase of 125% year over year. Gross transaction
value in the first half of 2022 reached RMB1,002.6 million
(US$149.7 million), and increased by 153% year over year.
- As of June 30,
2022, NaaS’ charging solutions had serviced 981 charging station
operators, representing an increase of 114% year over year. Over
44,000 charging stations had connected and more than 404,000
chargers were accessible on NaaS’ network as of June 30, 2022, up
by 82% from 24,000 and 125% from 180,000 as of June 30, 2021,
respectively.
- The total value
of charging piles sold through NaaS’ network in the second quarter
of 2022 totaled RMB8.1 million (US$1.2 million), representing an
increase of 38% year over year. The total value sold during the
first half of 2022 was RMB17.8 million (US$2.7 million), an
increase of 71% year over year.
Second Quarter 2022 and First Half 2022 Financial
Highlights:
- Total gross
revenues were RMB56.3 million (US$8.4 million) for the second
quarter of 2022 and RMB108.0 million (US$16.1 million) for the
first half of the year, representing an increase of 47% and 90%
year over year1 respectively.
- Net revenues
grew by 590% year over year and reached RMB10.6 million (US$1.6
million) in the second quarter of 2022. Net revenues of the first
half of 2022 were RMB18.1 million (US$2.7 million), increasing by
451% year over year.
- Total operating
costs were RMB529.5 million (US$79.0 million) in the second quarter
of 2022 and RMB623.4 million (US$93.1 million) in the first half of
the year, as compared with RMB78.0 million and RMB120.5 million for
the same periods of 2021. The significant increase was mainly due
to the Company recording RMB308.9 million (US$46.1 million) of
equity-settled listing costs and RMB164.0 million (US$24.5 million)
of share-based compensation expenses in the first half of
2022.
- Net loss was
RMB565.2 million (US$84.4 million) for the second quarter of 2022
and RMB659.2 million (US$98.4 million) for the first half of 2022,
as compared to net loss of RMB77.1 million and RMB118.3 million for
the same periods of 2021, respectively.
- Non-IFRS net
loss2 was RMB81.1 million (US$12.1 million) in the second
quarter of 2022 and RMB140.3 million (US$20.9 million) for the
first half of 2022, representing a year-over-year increase of 5%
and 19%, respectively. The ratio of non-IFRS net loss over gross
revenues in the first half year of 2022 was 130%, down from 209%
for the same period of 2021.
____________________________1 In accordance with
the IFRS rules, Dada Auto Inc. was considered for accounting
purposes to be the successor company upon the consummation of the
Merger Transactions (defined below) and consequently the Company
reports the financial results of Dada Auto Inc. as the Company’s
historical financial results for the three and six months ended
June 30, 2021.2 Non-IFRS net loss was arrived at after
excluding equity-settled listing costs, share-based compensation
expenses and fair value changes of convertible and redeemable
preferred shares. Please refer to the section titled "Unaudited
reconciliations of IFRS and non-IFRS results" for details.
"As one of the largest and fastest growing
electric vehicle charging service providers in China, NaaS
continued to benefit from favorable global trends towards the
adoption of electric vehicles, as well as strong policy support,"
said Ms. Yang Wang, NaaS' chief executive officer, "As a result,
our net revenues grew by 4.5 times year over year for the first
half, and by 5.9 times year over year for the quarter. The total
number of chargers on NaaS' network has already exceeded 400,000,
representing a compound growth rate of 22.4% over the past four
quarters."
"In addition to our strong growth in revenues,
our non-IFRS net loss remained relatively flat for the quarter,"
added Mr. Lei Zhao, NaaS' chief financial officer, "demonstrating
the success and scalability of our business model, as we
significantly improved our operational efficiency."
Second Quarter and First Half 2022 Financial
Results:
Revenues
Total gross revenues in the first half of the
year were RMB108.0 million (US$16.1 million), of which RMB56.3
million (US$8.4 million) were generated from the second quarter,
representing a year-over-year increase of 90% and 47%
respectively.
Revenues from online EV charging solutions
contributed RMB101.1 million (US$15.1 million) in the first half of
the year and RMB52.2 million (US$7.8 million) in the second quarter
of 2022, with growth rates of 83% and 39% year over year
respectively. The increase was primarily attributable to an overall
increase of charging volume completed through NaaS’ network.
Offline EV charging revenues increased
significantly by 425% year over year to RMB6.7 million (US$1.0
million) in the first half year of 2022, including RMB4.1 million
(US$0.6 million) generated in the second quarter, which grew by
562% for the same period of 2021. The increase was primarily driven
by the growth in the full station operation business as well as the
hardware procurement business.
Revenues from non-charging solutions and other
services increased by 88% year over year to RMB178 thousand (US$27
thousand) in the first half year of 2022, primarily due to the
growth of the online advertisement business. The revenue generated
in the second quarter was RMB104 thousand (US$15 thousand),
representing an increase of 159% year over year.
Incentives to end-users, recorded as revenue
deduction, increased by 68% year over year to RMB89.9 million
(US$13.4 million) in the first half year of 2022, and increased by
25% year over year to RMB45.7 million (US$6.8 million) in the
second quarter of 2022. The increase was a result of the rapid
increase in platform transactions and partly offset by improvements
of operation.
Net revenues reached RMB18.1 million (US$2.7
million) in the first half year of 2022, including RMB10.6 million
(US$1.6 million) in the second quarter, representing an increase of
451% and 590% year over year respectively. The rapid increase was
mainly the result of increases in platform order volumes and
continued improvements in operations.
Operating costs
Total operating costs were RMB623.4 million
(US$93.1 million) in the first half of the year and RMB529.5
million (US$79.0 million) in the second quarter of 2022, as
compared with RMB120.5 million and RMB78.0 million for the same
periods of 2021. The significant increase was mainly due to the
Company recording RMB308.9 million (US$46.1 million) of
equity-settled listing costs and RMB164.0 million (US$24.5 million)
of share-based compensation expenses in the first half of 2022.
Cost of revenues in the first half year of 2022
was RMB20.0 million (US$3.0 million), increasing by 382% year over
year. Cost of revenues for the second quarter of 2022 was RMB11.9
million (US$1.8 million), increasing by 723% year over year. The
increases were primarily due to the increase in value-added tax
surcharges.
Selling and marketing expenses in the first half
of 2022 was RMB87.7 million (US$13.1 million), remaining stable as
compared with the first half of 2021. Selling and marketing
expenses was RMB49.0 million (US$7.3 million) in the second quarter
of 2022, representing a decrease of 21% year over year. The
decrease was the result of decreased marketing and promotion fees,
partly offset by the increase in labor costs.
Administrative expenses increased to RMB493.0
million (US$73.6 million) in the first half of 2022, as compared to
RMB13.4 million for the same period of 2021. RMB455.2 million
(US$68.0 million) was recorded in the second quarter of 2022, as
compared with RMB6.0 million for the same period of 2021. The
significant increase was mainly due to the Company recording a
RMB308.9 million equity-settled listing costs which occurred during
the Merger Transactions (defined below), and a total of RMB151.1
million (of which RMB124.3 million occurred in second quarter) of
share-based compensation expenses.
Research and development expenses were RMB22.6
million (US$3.4 million) in the first half of the year, and RMB13.4
million (US$2.0 million) in the second quarter of 2022,
representing an increase of 40% and 57% year over year
respectively, primarily due to the increase in salaries and
benefits for NaaS’ technology and product development
personnel.
Finance (costs)/income, net
Finance costs were RMB6.5 million (US$1.0
million) in the first half of 2022, and a RMB1.7 million (US$0.3
million) of finance income occurred in the second quarter. This
compared with finance costs of RMB266 thousand and RMB148 thousand
for the same periods of 2021. The increase of finance costs was
primarily attributable to spending in financing activities.
Income tax
(expenses)/benefit
NaaS’ income tax benefits were RMB236 thousand
(US$35 thousand) in the first half of 2022, compared with income
tax expenses of RMB73 thousand in the first half of 2021.
Net loss and non-IFRS net
loss
Net loss for the first half of 2022 was RMB659.2
million (US$98.4 million), and for the second quarter was RMB565.2
million (US$84.4 million), as compared with losses of RMB118.3
million and RMB77.1 million for the same periods of 2021. The
significant increase was mainly due to the recorded equity-settled
listing costs, share-based compensation expenses and fair value
changes of convertible and redeemable preferred shares in 2022.
Non-IFRS net loss was RMB140.3 million (US$20.9 million) for the
first half year of 2022 and RMB81.1 million (US$12.1 million) for
the second quarter of 2022, representing a year-over-year increase
of 19% and 5%, respectively. Please refer to the section titled
"Unaudited reconciliations of IFRS and non-IFRS results" for
details.
Outlook:
Based on NaaS’ preliminary assessment of the
current market conditions, the Company expects total charging
volume for the fiscal year 2022 to exceed 2,700 GWh, and total
value of charging piles sold through the network to be around
RMB130~150 million. This is NaaS’ current and preliminary view,
which is subject to changes and uncertainties.
Conference Call Information
The Company’s management will host an earnings
conference call at 7:00 AM U.S. Eastern time on August 22, 2022
(7:00 PM Beijing/Hong Kong time on August 22, 2022).
Participants who wish to join the conference call should
register online
at:https://s1.c-conf.com/diamondpass/10024661-4mal42.html
Once registration is completed, participants
will receive the dial-in information for the conference call.
Participants joining the conference call should
dial-in at least 10 minutes before the scheduled start time.
Additionally, a live and archived webcast of the
conference call will be available on the Company’s investor
relations website at http://ir.enaas.com.
A replay of the conference call will be
accessible approximately two hours after the conclusion of the live
call until August 29, 2022, by dialing the following telephone
numbers:
United States: |
1 855 883 1031 |
China: |
400 1209 216 |
Replay Access Code: |
10024661 |
Exchange Rate
This announcement contains translations of
certain RMB amounts into U.S. dollars ("USD") at specified rates
solely for the convenience of the reader. Unless otherwise stated,
all translations from RMB to USD were made at the rate of RMB6.6981
to US$1.00, the noon buying rate in effect on June 30, 2022, in the
H.10 statistical release of the Federal Reserve Board. The Company
makes no representation that the RMB or USD amounts referred could
be converted into USD or RMB, as the case may be, at any particular
rate or at all. For analytical presentation, all percentages are
calculated using the numbers presented in the financial statements
contained in this earnings release.
Non-IFRS Financial Measure
The Company uses non-IFRS net profit/loss for
the period, which is a non-IFRS financial measure, in evaluating
its operating results and for financial and operational
decision-making purposes. NaaS believes that non-IFRS net
profit/loss helps identify underlying trends in the Company's
business that could otherwise be distorted by the effect of certain
expenses that the Company includes in its profit for the period.
NaaS believes that non-IFRS net profit/loss for the period provides
useful information about its results of operations, enhances the
overall understanding of its past performance and future prospects
and allows for greater visibility with respect to key metrics used
by its management in its financial and operational
decision-making.
Non-IFRS net profit/loss for the period should
not be considered in isolation or construed as an alternative to
operating profit, net profit for the period or any other measure of
performance or as an indicator of its operating performance.
Investors are encouraged to review non-IFRS net profit/loss for the
period and the reconciliation to its most directly comparable IFRS
measure. Non-IFRS net profit/loss for the period presented here may
not be comparable to similarly titled measures presented by other
companies. Other companies may calculate similarly titled measures
differently, limiting their usefulness as comparative measures to
the Company's data. NaaS encourages investors and others to review
its financial information in its entirety and not rely on a single
financial measure.
Non-IFRS net profit/loss for the period
represents profit/loss for the period excluding equity-settled
listing costs, share-based compensation expenses and fair value
changes of convertible and redeemable preferred shares.
Merger Transactions
On June 10, 2022, RISE Education Cayman Ltd, the
Company’s predecessor, completed the merger and other related
transactions (the “Merger Transactions”) with Dada Auto Inc.
(“Dada”), as a result of which Dada became a wholly-owned
subsidiary of the Company and the Company assumed and began
conducting the principal business of Dada. The name of the Company
was changed from “RISE Education Cayman Ltd” to “NaaS Technology
Inc.” and its ticker was changed from “REDU” to “NAAS.”
About NaaS Technology Inc.
NaaS Technology Inc. is one of the largest and
fastest growing EV charging service providers in China. The Company
is a subsidiary of Newlinks Technology Limited, a leading energy
digitalization group in China. NaaS provides one-stop services to
charging pile manufacturers and operators, OEMs, companies with
their own delivery fleets as well as fleet operators, with online,
offline, and non-electric services covering the whole value chain
across the EV sector. As of 2021, NaaS had connected 290,000
chargers, with an annual charging capacity of over 1,200 Gigawatt
hours, accounting for about 18% of China's public charging market
and eliminating 900,000 tons of carbon emissions annually. On June
13, 2022, the American depositary shares of the Company started
trading on NASDAQ under the stock code NAAS.
Safe Harbor Statement
This press release contains statements of a
forward-looking nature. These statements are made under the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. You can identify these forward-looking statements by
terminology such as “will,” “expects,” “believes,” “anticipates,”
“intends,” “estimates” and similar statements. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions,
estimates and projections about the Company and the industry. All
information provided in this press release is as of the date
hereof, and the Company undertakes no obligation to update any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that its expectations will turn
out to be correct, and investors are cautioned that actual results
may differ materially from the anticipated results. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: NaaS’ goals and strategies; its future
business development, financial conditions and results of
operations; its ability to continuously develop new technology,
services and products and keep up with changes in the industries in
which it operates; growth of China’s EV charging industry and EV
charging service industry and NaaS’ future business development;
demand for and market acceptance of NaaS’ products and services;
NaaS’ ability to protect and enforce its intellectual property
rights; NaaS’ ability to attract and retain qualified executives
and personnel; the ongoing COVID-19 pandemic and the effects of
government and other measures seeking to contain its spread;
U.S.-China trade war and its effect on NaaS’ operation,
fluctuations of the RMB exchange rate, and NaaS’ ability to obtain
adequate financing for its planned capital expenditure
requirements; NaaS’ relationships with end-users, customers,
suppliers and other business partners; competition in the industry;
relevant government policies and regulations related to the
industry; and fluctuations in general economic and business
conditions in China and globally. Further information regarding
these and other risks is included in NaaS’ filings with the
SEC.
For investor and media inquiries, please
contact:
Investor Relations
NaaS Technology Inc.
Email: ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com
____________________________
NAAS TECHNOLOGY
INC.UNAUDITED CONSOLIDATED STATEMENTS OF LOSS AND
OTHER COMPREHENSIVE LOSS
|
|
For the Three Months Ended |
|
|
For the Six Months Ended |
|
|
|
June 30, 2021 |
|
|
June 30, 2022 |
|
|
June 30, 2021 |
|
|
June 30, 2022 |
|
(In thousands, except for share and per share data) |
|
RMB |
|
|
RMB |
|
|
US$ |
|
|
RMB |
|
|
RMB |
|
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues, gross |
|
|
38,257 |
|
|
|
56,323 |
|
|
|
8,408 |
|
|
|
56,731 |
|
|
|
107,997 |
|
|
|
16,124 |
|
Online EV Charging Solutions |
|
|
37,605 |
|
|
|
52,165 |
|
|
|
7,788 |
|
|
|
55,365 |
|
|
|
101,143 |
|
|
|
15,100 |
|
Offline EV Charging Solutions |
|
|
612 |
|
|
|
4,054 |
|
|
|
605 |
|
|
|
1,271 |
|
|
|
6,676 |
|
|
|
997 |
|
Non-Charging Solutions and Other Services |
|
|
40 |
|
|
|
104 |
|
|
|
15 |
|
|
|
95 |
|
|
|
178 |
|
|
|
27 |
|
Incentive to end-users |
|
|
(36,721 |
) |
|
|
(45,722 |
) |
|
|
(6,826 |
) |
|
|
(53,444 |
) |
|
|
(89,904 |
) |
|
|
(13,422 |
) |
Revenues, net |
|
|
1,536 |
|
|
|
10,601 |
|
|
|
1,582 |
|
|
|
3,287 |
|
|
|
18,093 |
|
|
|
2,702 |
|
Other losses, net |
|
|
(452 |
) |
|
|
(784 |
) |
|
|
(117 |
) |
|
|
(699 |
) |
|
|
(1,666 |
) |
|
|
(249 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues |
|
|
(1,445 |
) |
|
|
(11,895 |
) |
|
|
(1,776 |
) |
|
|
(4,160 |
) |
|
|
(20,047 |
) |
|
|
(2,993 |
) |
Selling and marketing expenses |
|
|
(62,066 |
) |
|
|
(49,019 |
) |
|
|
(7,318 |
) |
|
|
(86,855 |
) |
|
|
(87,719 |
) |
|
|
(13,096 |
) |
Administrative expenses |
|
|
(6,006 |
) |
|
|
(455,194 |
) |
|
|
(67,959 |
) |
|
|
(13,420 |
) |
|
|
(493,016 |
) |
|
|
(73,605 |
) |
Research and development expenses |
|
|
(8,494 |
) |
|
|
(13,368 |
) |
|
|
(1,996 |
) |
|
|
(16,114 |
) |
|
|
(22,577 |
) |
|
|
(3,371 |
) |
Total operating costs |
|
|
(78,011 |
) |
|
|
(529,476 |
) |
|
|
(79,049 |
) |
|
|
(120,549 |
) |
|
|
(623,359 |
) |
|
|
(93,065 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating loss |
|
|
(76,927 |
) |
|
|
(519,659 |
) |
|
|
(77,584 |
) |
|
|
(117,961 |
) |
|
|
(606,932 |
) |
|
|
(90,612 |
) |
Finance (costs)/income, net |
|
|
(148 |
) |
|
|
1,676 |
|
|
|
250 |
|
|
|
(266 |
) |
|
|
(6,546 |
) |
|
|
(977 |
) |
Fair value changes of convertible and redeemable preferred
shares |
|
|
— |
|
|
|
(47,252 |
) |
|
|
(7,055 |
) |
|
|
— |
|
|
|
(45,955 |
) |
|
|
(6,861 |
) |
Net loss before income tax |
|
|
(77,075 |
) |
|
|
(565,235 |
) |
|
|
(84,389 |
) |
|
|
(118,227 |
) |
|
|
(659,433 |
) |
|
|
(98,450 |
) |
Income tax (expenses)/benefits |
|
|
(57 |
) |
|
|
74 |
|
|
|
11 |
|
|
|
(73 |
) |
|
|
236 |
|
|
|
35 |
|
Net loss |
|
|
(77,132 |
) |
|
|
(565,161 |
) |
|
|
(84,378 |
) |
|
|
(118,300 |
) |
|
|
(659,197 |
) |
|
|
(98,415 |
) |
Net loss attributable to ordinary shareholders of the
Company |
|
|
(77,132 |
) |
|
|
(565,161 |
) |
|
|
(84,378 |
) |
|
|
(118,300 |
) |
|
|
(659,197 |
) |
|
|
(98,415 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss per share for loss attributable to the ordinary
shareholders of the Company (Expressed in RMB per
share) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
(15,426.44 |
) |
|
|
(0.26 |
) |
|
|
(0.04 |
) |
|
|
(23,660.07 |
) |
|
|
(0.31 |
) |
|
|
(0.05 |
) |
Diluted |
|
|
(15,426.44 |
) |
|
|
(0.26 |
) |
|
|
(0.04 |
) |
|
|
(23,660.07 |
) |
|
|
(0.31 |
) |
|
|
(0.05 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss per ADS for loss attributable to the ordinary
shareholders of the Company (Expressed in RMB per
ADS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
(154,264.41 |
) |
|
|
(2.64 |
) |
|
|
(0.39 |
) |
|
|
(236,600.72 |
) |
|
|
(3.08 |
) |
|
|
(0.46 |
) |
Diluted |
|
|
(154,264.41 |
) |
|
|
(2.64 |
) |
|
|
(0.39 |
) |
|
|
(236,600.72 |
) |
|
|
(3.08 |
) |
|
|
(0.46 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of ordinary shares outstanding
attributable to ordinary shareholders of the Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
5,000 |
|
|
|
2,141,595,809 |
|
|
|
2,141,595,809 |
|
|
|
5,000 |
|
|
|
2,141,595,809 |
|
|
|
2,141,595,809 |
|
Diluted |
|
|
5,000 |
|
|
|
2,141,595,809 |
|
|
|
2,141,595,809 |
|
|
|
5,000 |
|
|
|
2,141,595,809 |
|
|
|
2,141,595,809 |
|
NAAS TECHNOLOGY
INC.UNAUDITED RECONCILIATIONS OF IFRS AND NON-IFRS
RESULTS
|
|
For the Three Months Ended |
|
|
For the Six Months Ended |
|
|
|
June 30, 2021 |
|
|
June 30, 2022 |
|
|
June 30, 2021 |
|
|
June 30, 2022 |
|
(In thousands, except for share and per share data) |
|
RMB |
|
|
RMB |
|
|
US$ |
|
|
RMB |
|
|
RMB |
|
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of Adjusted net income attributable to
ordinary shareholders of the Company to Net income attributable to
ordinary shareholders of the Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable to ordinary shareholders of the Company |
|
|
(77,132 |
) |
|
|
(565,161 |
) |
|
|
(84,378 |
) |
|
|
(118,300 |
) |
|
|
(659,197 |
) |
|
|
(98,415 |
) |
Add: Equity-settled listing costs |
|
|
— |
|
|
|
308,948 |
|
|
|
46,125 |
|
|
|
— |
|
|
|
308,948 |
|
|
|
46,125 |
|
Share-based compensation expenses |
|
|
— |
|
|
|
127,854 |
|
|
|
19,088 |
|
|
|
— |
|
|
|
163,984 |
|
|
|
24,482 |
|
Fair value changes of convertible and redeemable preferred
shares |
|
|
— |
|
|
|
47,252 |
|
|
|
7,055 |
|
|
|
— |
|
|
|
45,955 |
|
|
|
6,861 |
|
Adjusted net loss attributable to ordinary shareholders of
the Company |
|
|
(77,132 |
) |
|
|
(81,107 |
) |
|
|
(12,110 |
) |
|
|
(118,300 |
) |
|
|
(140,310 |
) |
|
|
(20,947 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net loss per share for loss attributable to the
ordinary shareholders of the Company (Expressed in RMB per
share) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
(15,426.44 |
) |
|
|
(0.04 |
) |
|
|
(0.01 |
) |
|
|
(23,660.07 |
) |
|
|
(0.07 |
) |
|
|
(0.01 |
) |
Diluted |
|
|
(15,426.44 |
) |
|
|
(0.04 |
) |
|
|
(0.01 |
) |
|
|
(23,660.07 |
) |
|
|
(0.07 |
) |
|
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net loss per ADS for loss attributable to the
ordinary shareholders of the Company (Expressed in RMB per
ADS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
(154,264.41 |
) |
|
|
(0.38 |
) |
|
|
(0.06 |
) |
|
|
(236,600.72 |
) |
|
|
(0.66 |
) |
|
|
(0.10 |
) |
Diluted |
|
|
(154,264.41 |
) |
|
|
(0.38 |
) |
|
|
(0.06 |
) |
|
|
(236,600.72 |
) |
|
|
(0.66 |
) |
|
|
(0.10 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of ordinary shares outstanding
attributable to ordinary shareholders of the Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
5,000 |
|
|
|
2,141,595,809 |
|
|
|
2,141,595,809 |
|
|
|
5,000 |
|
|
|
2,141,595,809 |
|
|
|
2,141,595,809 |
|
Diluted |
|
|
5,000 |
|
|
|
2,141,595,809 |
|
|
|
2,141,595,809 |
|
|
|
5,000 |
|
|
|
2,141,595,809 |
|
|
|
2,141,595,809 |
|
NAAS TECHNOLOGY
INC.UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL
POSITION
|
As of |
|
|
December 31, 2021 |
|
|
June 30, 2022 |
|
(In thousands) |
RMB |
|
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
8,726 |
|
|
|
413,717 |
|
|
61,766 |
|
Trade receivables |
|
740 |
|
|
|
1,443 |
|
|
215 |
|
Prepayments, other receivables and other assets |
|
117,498 |
|
|
|
157,764 |
|
|
23,554 |
|
Total current assets |
|
126,964 |
|
|
|
572,924 |
|
|
85,535 |
|
|
|
|
|
|
|
|
|
Non-current assets |
|
|
|
|
|
|
|
Right-of-use assets |
|
20,554 |
|
|
|
16,679 |
|
|
2,490 |
|
Financial asset at fair value through profit or loss |
|
5,000 |
|
|
|
5,000 |
|
|
746 |
|
Property, plant and equipment |
|
548 |
|
|
|
550 |
|
|
82 |
|
Deferred tax assets |
|
337 |
|
|
|
795 |
|
|
119 |
|
Total non-current assets |
|
26,439 |
|
|
|
23,024 |
|
|
3,437 |
|
Total assets |
|
153,403 |
|
|
|
595,948 |
|
|
88,972 |
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
Current lease liabilities |
|
8,061 |
|
|
|
7,791 |
|
|
1,163 |
|
Trade payables |
|
437 |
|
|
|
— |
|
|
— |
|
Other payables and accruals |
|
107,440 |
|
|
|
156,978 |
|
|
23,435 |
|
Total current liabilities |
|
115,938 |
|
|
|
164,769 |
|
|
24,598 |
|
|
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
|
|
Non-current lease liabilities |
|
12,396 |
|
|
|
8,881 |
|
|
1,326 |
|
Total non-current liabilities |
|
12,396 |
|
|
|
8,881 |
|
|
1,326 |
|
Total liabilities |
|
128,334 |
|
|
|
173,650 |
|
|
25,924 |
|
|
|
|
|
|
|
|
|
EQUITY |
|
|
|
|
|
|
|
Class A Common Shares |
-* |
|
|
|
33,098 |
|
|
4,941 |
|
Class B Common Shares |
|
— |
|
|
|
16,674 |
|
|
2,489 |
|
Class C Common Shares |
|
— |
|
|
|
93,702 |
|
|
13,990 |
|
Additional paid in capital |
|
415,601 |
|
|
|
1,328,553 |
|
|
198,348 |
|
Accumulated losses |
|
(390,532 |
) |
|
|
(1,049,729 |
) |
|
(156,720 |
) |
Total equity |
|
25,069 |
|
|
|
422,298 |
|
|
63,048 |
|
Total equity and liabilities |
|
153,403 |
|
|
|
595,948 |
|
|
88,972 |
|
Note:* Representing amount less than RMB1,000.**
In accordance with the IFRS rules Dada Auto Inc. was considered for
accounting purposes to be the successor company upon the
consummation of the Merger Transactions and consequently the
Company reports the financial results of Dada Auto Inc. as the
Company’s historical financial results for the fiscal years ended
December 31, 2021 in the Company’s statements of financial
position, and three and six months ended June 30, 2021 in the
Company’s statements of loss and other comprehensive loss.
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