Nano Labs Ltd. Sponsored ADR Class A (NA) AI Stock Analysis

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Nano Labs Ltd. Sponsored ADR Class A

(NASDAQ:NA)

Rating:42Neutral

Price Target:

$5.00

▼(-16.39% Downside)

The overall stock score is primarily influenced by the company's weak financial performance and bearish technical indicators. The negative P/E ratio and lack of dividend yield further weigh down the valuation score. While there are some positive signs from the earnings call, such as reduced operating expenses and net loss, the significant decline in revenue and ongoing operational challenges remain major concerns.

Nano Labs Ltd. Sponsored ADR Class A (NA) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$140.96M

Dividend YieldN/A

Average Volume (3M)571.07K

Price to Earnings (P/E)―

Beta (1Y)0.31

Revenue GrowthN/A

EPS GrowthN/A

CountryUS

Employees88

SectorTechnology

Sector Strength83

IndustrySemiconductors

Share Statistics

EPS (TTM)-0.84

Shares Outstanding20,712,923

10 Day Avg. Volume747,514

30 Day Avg. Volume571,074

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market Cap0.64

Enterprise Value/Revenue1.77

Enterprise Value/Gross Profit4.44

Enterprise Value/Ebitda-0.77

Forecast

1Y Price Target

$5.00

Price Target Upside-16.39% Downside

Rating ConsensusHold

Number of Analyst Covering1

Nano Labs Ltd. Sponsored ADR Class A Business Overview & Revenue Model

Company DescriptionNano Labs Ltd. Sponsored ADR Class A (NA) is a technology company operating primarily in the semiconductor industry. The company is involved in the development and manufacturing of advanced integrated circuits and semiconductor solutions. These products are utilized across various sectors, including consumer electronics, telecommunications, and computing industries.

How the Company Makes MoneyNano Labs Ltd. generates revenue through the design, production, and sale of its semiconductor products. The company's key revenue streams include the sale of integrated circuits for consumer electronics and telecommunications devices. Additionally, Nano Labs Ltd. engages in strategic partnerships and collaborations with other technology companies to expand its market reach and enhance its product offerings. Licensing of proprietary technology and intellectual property may also contribute to its revenue. The company is focused on innovation and regularly invests in research and development to maintain its competitive edge in the rapidly evolving semiconductor market.

Nano Labs Ltd. Sponsored ADR Class A Earnings Call Summary

Earnings Call Date:Mar 25, 2025

(Q2-2025)

% Change Since: |

Next Earnings Date:Aug 15, 2025

Earnings Call Sentiment Neutral

The earnings call reflects a company in transition, with a strong strategic focus on BNB and significant reductions in operating expenses and net loss being positive signs. However, the substantial decline in net revenue and gross loss indicate ongoing operational challenges.

Q2-2025 Updates

Positive Updates

Strategic Transformation and Focus on BNB

The company has concentrated its cryptocurrency reserve in BNB, holding over 128,000 BNB, and has made strategic equity investments in BNB reserve companies to solidify its strategic reserve layout.

Significant Decrease in Operating Expenses

Total operating expenses for 2025 decreased by 53.5% to RMB 27.33 million, compared to RMB 58,720,000 in the same period of 2024, driven by reductions in selling, marketing, and general administrative expenses.

Reduction in Net Loss

Net loss was reduced to RMB 11,780,000 for 2025, compared to a net loss of RMB 59,150,000 in the same period of 2024.

Negative Updates

Decline in Net Revenue

Net revenue fell to RMB 8,280,000 in 2025 from RMB 24,740,000 in the same period last year, primarily due to decreased sales volume of the Apollo V series product.

Gross Loss Recorded

The company recorded a gross loss of RMB 10,710,000 for 2025, compared to a gross profit of RMB 30,000 in the same period of 2024, due to decreased sales volume and inventory write-downs.

Significant Reduction in Research and Development Expenses

Research and development expenses decreased by 89.1% to RMB 3.2 million for 2025, indicating a strategic adjustment in R&D activities.

Company Guidance

During the first half of 2025 earnings conference call for Nano Labs Ltd, key guidance was provided on the company's strategic shift and financial performance. The company is concentrating its cryptocurrency reserve efforts on BNB, holding over 128,000 BNB, driven by its ecosystem maturity and growth potential. Financially, the company reported a net revenue of RMB 8.28 million, a significant decrease from RMB 24.74 million in the prior year, primarily due to decreased sales of the Apollo V series. The gross loss for 2025 was RMB 10.71 million, contrasting with a gross profit of RMB 30,000 in 2024. Operating expenses reduced by 53.5% to RMB 27.33 million. Despite the decline in revenue, the net loss decreased to RMB 11.78 million from RMB 59.15 million in 2024. The company maintained cash and equivalents of RMB 3.06 million as of June 30, 2025. Looking ahead, Nano Labs plans to leverage BNB strategic reserves and explore diversified approaches, including potential financing, to support Web3-related business growth.

Nano Labs Ltd. Sponsored ADR Class A Financial Statement Overview

Summary

Nano Labs is facing significant financial challenges, with declining revenues, persistent losses, and negative cash flow. While recent improvements in the balance sheet, such as increased equity, indicate some positive developments, the company must address its operational inefficiencies and enhance its cash flow management to ensure future growth and stability.

Income Statement

Negative

Nano Labs has experienced a significant decline in revenue from 2022 to 2023, with revenue dropping from $98.3 million to $78.3 million. The net profit margin is deeply negative in recent years, indicating substantial losses. EBIT and EBITDA margins are also negative, highlighting operational challenges. The company needs to address these profitability issues to improve its financial health.

Balance Sheet

Neutral

The company's debt-to-equity ratio improved in 2023, with total debt decreasing and stockholders' equity recovering from negative to positive. Despite this improvement, the equity ratio remains low, indicating a high reliance on debt. The return on equity is negative due to consistent net losses, which is a concern. However, the balance sheet shows potential stabilization with increased assets and equity in the latest period.

Cash Flow

Neutral

Cash flow from operations remains negative, but the company has managed to secure financing to support its cash needs. Free cash flow is negative, indicating cash outflows exceed inflows, which raises concerns about the company's ability to sustain its operations without external funding. Improvement in free cash flow growth is necessary for long-term viability.

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

Technical Analysis Sentiment

Neutral

Last Price5.98

Price Trends

50DMA

7.25

Negative

100DMA

6.23

Negative

200DMA

6.55

Negative

Market Momentum

MACD

-0.34

Negative

RSI

55.12

Neutral

STOCH

88.53

Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NA, the sentiment is Neutral. The current price of 5.98 is above the 20-day moving average (MA) of 4.82, below the 50-day MA of 7.25, and below the 200-day MA of 6.55, indicating a neutral trend. The MACD of -0.34 indicates Negative momentum. The RSI at 55.12 is Neutral, neither overbought nor oversold. The STOCH value of 88.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NA.

Nano Labs Ltd. Sponsored ADR Class A Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INTT	68 Neutral	$92.21M	25.19	-0.82%	―	-0.81%	-117.62%
Sector *	61 Neutral	$35.62B	7.50	-10.94%	1.87%	8.86%	-10.27%
ASYS	56 Neutral	$85.45M	40.38	-47.86%	―	-20.20%	-58.57%
AXTI	52 Neutral	$127.77M	―	-12.56%	―	-2.63%	-78.66%
GSIT	51 Neutral	$93.09M	―	-36.97%	―	6.14%	1.71%
GCTS	43 Neutral	$71.50M	―	17.45%	―	28.31%	-239.16%
NA	42 Neutral	$140.96M	―	-21.44%	―	―	―

* Technology Sector Average

Performance Comparison

Nano Labs Ltd. Sponsored ADR Class A

6.11

3.20

109.97%

ASYS

Amtech Systems

5.97

-0.29

-4.63%

AXTI

AXT

2.87

0.20

7.49%

GSIT

GSI Technology

3.01

0.37

14.02%

INTT

inTEST

7.13

0.11

1.57%

GCTS

GCT Semiconductor Holding

1.30

-1.52

-53.90%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 19, 2025