Stock Price & Analysis

0.000

0.000(0%)6M

NA Stock Price Chart

YTD

NA Key Stats

High

5.3517

Vol

7.01K

Low

5.000

Amount

35.19K

Open

5.010

VWAP

5.02

Mkt Cap

53.24M

NA Company Profile

Nano Labs Ltd is a China-based holding company mainly engaged in the provision of fabless integrated circuit (IC) and product solutions. The Company is mainly engaged in the development of high throughput computing (HTC) chips, high performance computing (HPC) chips, distributed computing and storage solutions, smart network interface cards (NICs) vision computing chips and distributed rendering. The Company conducts its businesses primarily through its subsidiaries. The Company mainly conducts its businesses in the domestic market and overseas markets.

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NA Fundamental Analysis

NA Earnings Analysis

Nano Labs Ltd Class A Ordinary Shares Corporation (NA.O) Q2 2024 Earnings Conference Call

Positive

3D Printing Revenue Surge: In the first half of 2024, our net revenue was RMB 24.74 million, USD 3.47 million compared to RMB 52.37 million in the same period last year, indicating a significant growth in our 3D printing products, increasing to RMB 459,200 from RMB 22,000.
Cost Management Success: Cost of revenues for the first half of fiscal year 2024 were RMB 24.71 million, USD 3.47 million, compared to RMB 115.2 million in the same period of 2023, showing effective cost management.
Operating Expenses Reduction: Total operating expenses for the first half of fiscal year 2024 decreased by 20.1% to RMB 58.72 million, USD 8.24 million, down from RMB 73.50 million in the same period of 2023, reflecting improved operational efficiency.
Marketing Expense Reduction: Selling and marketing expenses dropped by 54.4% to RMB 4.33 million, USD 0.61 million, compared to RMB 9.50 million in the same period of 2023, indicating a streamlined approach to marketing.
R&D Expense Reduction: Research and development expenses decreased by 12.2% to RMB 28.93 million, USD 4.06 million for the first half of 2024 from RMB 32.95 million for the same period of 2023, showcasing a focus on efficiency in R&D spending.

Negative

Net Revenue Decline: In the first half of 2024, net revenue was RMB 24.74 million, a significant decline from RMB 52.37 million in the same period last year, primarily due to decreased sales of the iPollo V1 Series product.
Cost of Revenues Decline: Cost of revenues for the first half of fiscal year 2024 was RMB 24.71 million, compared to RMB 115.2 million in the same period of 2023, indicating a substantial reduction in sales volume and less inventory write-down recorded.
Operating Expenses Decrease: Total operating expenses for the first half of fiscal year 2024 decreased by 20.1% to RMB 58.72 million, down from RMB 73.50 million in the same period of 2023, reflecting reduced sales commissions and product shipping expenses.
Operational Loss Reduction: Loss from operations was RMB 58.69 million for the first half of 2024, compared to a loss of RMB 136.4 million for the same period of 2023, indicating ongoing financial challenges despite a reduction in losses.
Net Loss Comparison: Net loss was RMB 59.50 million for the first half of 2024, compared to a net loss of RMB 134.3 million in the same period of 2023, highlighting persistent financial difficulties.

Positive

3D Printing Revenue Surge: In the first half of 2024, our net revenue was RMB 24.74 million, USD 3.47 million compared to RMB 52.37 million in the same period last year, indicating a significant growth in our 3D printing products, increasing to RMB 459,200 from RMB 22,000.
Cost Management Success: Cost of revenues for the first half of fiscal year 2024 were RMB 24.71 million, USD 3.47 million, compared to RMB 115.2 million in the same period of 2023, showing effective cost management.
Operating Expenses Reduction: Total operating expenses for the first half of fiscal year 2024 decreased by 20.1% to RMB 58.72 million, USD 8.24 million, down from RMB 73.50 million in the same period of 2023, reflecting improved operational efficiency.
Marketing Expense Reduction: Selling and marketing expenses dropped by 54.4% to RMB 4.33 million, USD 0.61 million, compared to RMB 9.50 million in the same period of 2023, indicating a streamlined approach to marketing.
R&D Expense Reduction: Research and development expenses decreased by 12.2% to RMB 28.93 million, USD 4.06 million for the first half of 2024 from RMB 32.95 million for the same period of 2023, showcasing a focus on efficiency in R&D spending.

Negative

Net Revenue Decline: In the first half of 2024, net revenue was RMB 24.74 million, a significant decline from RMB 52.37 million in the same period last year, primarily due to decreased sales of the iPollo V1 Series product.
Cost of Revenues Decline: Cost of revenues for the first half of fiscal year 2024 was RMB 24.71 million, compared to RMB 115.2 million in the same period of 2023, indicating a substantial reduction in sales volume and less inventory write-down recorded.
Operating Expenses Decrease: Total operating expenses for the first half of fiscal year 2024 decreased by 20.1% to RMB 58.72 million, down from RMB 73.50 million in the same period of 2023, reflecting reduced sales commissions and product shipping expenses.
Operational Loss Reduction: Loss from operations was RMB 58.69 million for the first half of 2024, compared to a loss of RMB 136.4 million for the same period of 2023, indicating ongoing financial challenges despite a reduction in losses.
Net Loss Comparison: Net loss was RMB 59.50 million for the first half of 2024, compared to a net loss of RMB 134.3 million in the same period of 2023, highlighting persistent financial difficulties.