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Nano Labs Ltd. Sponsored ADR Class A
(NASDAQ:NA)
Nano Labs Ltd. Sponsored ADR Class A (NA) vs. SPDR S&P 500 ETF (SPY)
Nano Labs Ltd. Sponsored ADR Class A Business Overview & Revenue Model
Nano Labs Ltd. Sponsored ADR Class A Earnings Call Summary
Nano Labs Ltd. Sponsored ADR Class A Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.81M | 40.60M | 78.34M | 983.17M | 39.44M | 2.13M |
| Gross Profit | 20.25M | 11.60M | -103.45M | 230.16M | -4.09M | 856.13K |
| EBITDA | -117.31M | -100.99M | -243.27M | 20.68M | -168.90M | -37.08M |
| Net Income | -177.27M | -113.19M | -252.82M | 47.97M | -176.31M | -37.70M |
Balance Sheet | ||||||
| Total Assets | 364.91M | 615.93M | 350.30M | 367.24M | 909.83M | 61.49M |
| Cash, Cash Equivalents and Short-Term Investments | 26.49M | 275.32M | 50.53M | 87.81M | 265.74M | 35.33M |
| Total Debt | 190.07M | 198.87M | 150.88M | 23.67M | 7.35M | 5.74M |
| Total Liabilities | 394.62M | 383.03M | 366.56M | 202.83M | 934.49M | 110.01M |
| Stockholders Equity | -36.27M | 230.79M | -14.73M | 164.41M | -24.66M | -48.52M |
Cash Flow | ||||||
| Free Cash Flow | -228.00M | -175.70M | -238.96M | -341.76M | 63.04M | -3.96M |
| Operating Cash Flow | -175.59M | -139.33M | -133.47M | -274.94M | 71.73M | -3.03M |
| Investing Cash Flow | -52.40M | -256.77M | -105.48M | -33.18M | -36.05M | -1.65M |
| Financing Cash Flow | 229.35M | 375.98M | 199.52M | 161.00M | 164.90M | 29.36M |
Nano Labs Ltd. Sponsored ADR Class A Technical Analysis
Nano Labs Ltd. Sponsored ADR Class A Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | 95.20M | -110.74 | 2.90% | ― | -0.81% | -117.62% | |
60 Neutral | 125.10M | -3.91 | -61.74% | ― | -20.20% | -58.57% | |
57 Neutral | 181.73M | -7.14 | -6.03% | ― | -2.63% | -78.66% | |
53 Neutral | 99.20M | -6.30 | -37.69% | ― | 6.14% | 1.71% | |
45 Neutral | $119.63M | ― | -21.44% | ― | ― | ― | |
44 Neutral | 89.93M | -2.41 | 20.87% | ― | 28.31% | -239.16% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
Nano Labs Ltd. Sponsored ADR Class A Corporate Events
On August 26, 2025, Nano Labs Ltd announced that its Chairman and CEO, Mr. Jianping Kong, increased his shareholdings by acquiring 480,000 class A ordinary shares using personal funds. This move, following previous purchases in May and September 2024, demonstrates Mr. Kong’s confidence in the company’s long-term growth prospects within the rapidly evolving Web 3.0 and cryptocurrency sectors. The acquisition aligns with Nano Labs’ strategic focus on adapting to the trends in crypto-asset strategic reserves and highlights the company’s commitment to its development and market positioning.
On August 21, 2025, Nano Labs Ltd announced its entry into an At The Market Offering Agreement with Maxim Group LLC to sell Class A Ordinary Shares, aiming to raise up to $45 million. The proceeds are intended for BNB and crypto asset reserve strategy, research and development, and general corporate purposes. This move is expected to bolster Nano Labs’ financial position and enhance its strategic initiatives in the Web 3.0 and crypto asset sectors.
Nano Labs Ltd announced its financial results for the first half of 2025, showing a significant decrease in net revenue to RMB8.3 million compared to the same period in 2024. Despite a gross loss and reduced net revenue, the company managed to narrow its net loss to RMB11.8 million, aided by a gain in the fair value of cryptocurrencies. The company is undergoing a strategic transformation, focusing on building its cryptocurrency strategic reserve and exploring new market opportunities, which it believes will deliver long-term value to shareholders.
On August 4, 2025, Nano Labs Ltd announced that it received approval from the Kyrgyz Republic to proceed with a stablecoin initiative pegged to the offshore Chinese Yuan (CNH). This project aims to enhance trade and economic cooperation between China and Kyrgyzstan by facilitating cross-border settlements and expanding investment opportunities. The company will focus its resources on developing stablecoin projects in Belt and Road countries, foregoing previous plans for similar initiatives in Hong Kong SAR.
On July 30, 2025, Nano Labs Ltd announced a strategic equity investment in CEA Industries Inc., subscribing for 495,050 shares and an equal number of warrants. This investment is part of CEA’s $500 million PIPE financing plan, aimed at acquiring BNB and supporting corporate purposes. This move aligns with Nano Labs’ strategy to enhance its cryptocurrency reserves and optimize its asset allocation, further solidifying its position in the digital asset market.
On July 28, 2025, Nano Labs Ltd announced a significant increase in its BNB holdings, reaching a total of 128,000 tokens valued at over US$108 million. This move is part of the company’s long-term strategy to strengthen its position within the BNB ecosystem, which includes further BNB accumulation and investments in BNB-centric enterprises. The acquisition of an additional 8,000 BNB tokens through an over-the-counter transaction highlights Nano Labs’ commitment to expanding its strategic reserves, potentially impacting its market positioning and offering implications for stakeholders.
On July 25, 2025, Nano Labs Ltd announced the establishment of the ‘Nano bit Blockchain Research Fund’ at Peking University’s Guanghua School of Management through a donation agreement. This initiative supports academic research and talent development in blockchain, digital finance, and the digital economy, aligning with China’s national strategy for digital economic growth. The fund aims to foster collaboration between academia and industry, enhancing Nano Labs’ reputation and commitment to technological innovation and corporate social responsibility.
On July 24, 2025, Nano Labs Ltd announced the appointment of Ms. Can Yang as the senior vice president of its subsidiary, Nano bit HK Limited. Ms. Yang, with over 15 years of experience in finance and investment, will lead the execution of digital currency strategic reserves and enhance BNB reserve capabilities. Her extensive background in both traditional finance and the crypto sector is expected to optimize the company’s asset-liability structure and improve capital efficiency, strengthening Nano Labs’ position in the global crypto financial market.
On July 22, 2025, Nano Labs Ltd announced a significant expansion of its BNB strategic reserve, increasing its holdings to 120,000 BNB, valued at approximately US$90 million. This acquisition marks a major milestone in the company’s plan to upgrade its BNB reserve strategy. The company aims to further strengthen its reserve through continued accumulation of BNB and strategic investments, potentially impacting its market positioning and stakeholder interests.
On July 17, 2025, Nano Labs Ltd announced the appointment of Dr. Kailong Cai as the CEO of its subsidiary, Nano bit HK Limited, to lead its global cryptocurrency reserve strategy. Dr. Cai, a seasoned expert in crypto finance with extensive experience in fintech and asset management, is expected to drive the strategic upgrade and global operations of Nano bit. This move is seen as a pivotal step in Nano Labs’ ambition to become a leading public cryptocurrency reserve company in Asia, enhancing its strategic reserves and global influence.
On July 8, 2025, Nano Labs Ltd announced a strategic partnership with Orbiter Finance to develop a compliant stablecoin distribution and exchange service, NBNB.io, expected to launch in Q4 2025. This collaboration aims to facilitate low-cost, compliant cross-chain transfers and mainstream token exchanges, promoting the adoption of stablecoins across DeFi and traditional finance sectors. The initiative is anticipated to enhance Nano Labs’ industry positioning by expanding blockchain support and driving institutional-grade application adoption.
On July 3, 2025, Nano Labs Ltd announced the acquisition of 74,315 Binance Coin (BNB) tokens, valued at approximately US$50 million, as part of its strategic plan to increase its digital asset reserves. This purchase elevates the company’s total digital currency reserves to around US$160 million, marking a significant step in its BNB strategy. Nano Labs plans to further expand its BNB holdings, aiming to acquire up to US$1 billion worth of BNB and eventually hold 5% to 10% of BNB’s total circulating supply. This move underscores Nano Labs’ commitment to strengthening its position in the digital asset market, potentially impacting its operations and market positioning.
On June 26, 2025, Nano Labs Ltd announced a $50 million registered direct offering and concurrent private placement, involving the sale of 5,952,381 Class A ordinary shares and warrants to institutional investors. The proceeds from this offering will be used to acquire Binance Coin as part of the company’s digital asset strategy. The offering, expected to close on June 27, 2025, is facilitated by Maxim Group LLC as the sole placement agent. This strategic move is likely to bolster Nano Labs’ position in the digital asset market and enhance its financial strategy.
On June 26, 2025, Nano Labs Ltd announced a $50 million registered direct offering and concurrent private placement to institutional investors, involving the sale of 5,952,381 Class A ordinary shares and warrants. The proceeds will be used to acquire Binance Coin (BNB) as part of the company’s digital asset strategy. The offering, expected to close on June 27, 2025, highlights Nano Labs’ strategic move to bolster its digital asset holdings, potentially impacting its market positioning and stakeholder interests.
Nano Labs Ltd announced additional details regarding its convertible notes purchase agreement aimed at raising up to $500 million for its BNB Treasury Strategy. As of June 25, 2025, the company completed an initial closing of 600 Bitcoins, equivalent to approximately $63.6 million, under the agreement. The notes are uncollateralized, have a term of 360 days, and are convertible into Class A ordinary shares. The agreement allows for multiple tranches over 360 days, with the final purchase price potentially being less than $500 million. This move is expected to impact the company’s financial strategy and stakeholder interests, although there is no guarantee of full subscription.
On June 24, 2025, Nano Labs Ltd announced a significant strategic move by entering into a convertible notes purchase agreement to issue US$500 million in convertible promissory notes. This initiative is part of the company’s broader strategy to enhance its market position by acquiring US$1 billion worth of BNB through convertible notes and private placements, aiming to eventually hold 5% to 10% of BNB’s total circulating supply. This financial maneuver is expected to bolster Nano Labs’ strategic growth and market influence.
On June 23, 2025, Nano Labs Ltd announced plans to apply for licenses to operate Hong Kong dollar and offshore RMB stablecoin businesses, following the enactment of the Hong Kong Stablecoins Bill. This move is part of their strategy to develop a technical framework for stablecoins and foster the growth of the stablecoin ecosystem and the broader Web 3.0 industry. The Hong Kong Stablecoins Bill, passed on May 21, 2025, establishes a licensing regime for fiat-referenced stablecoin issuers, reinforcing Hong Kong’s position as a global financial hub for digital assets.