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Smart Share Global Limited (Nasdaq: EM), also known as Energy Monster, is a leading consumer technology company in China. With a mission to energize everyday life, Smart Share Global operates an extensive network of mobile device charging services through power banks.
The company’s core business revolves around providing convenient charging solutions that are placed in Points of Interest (POIs) managed by location partners. These POIs include entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can rent these power banks via the company’s mini-programs, which allow for seamless borrowing and returning across various locations, thanks to an expansive and technologically advanced network.
As of December 31, 2023, Smart Share Global boasted an impressive presence, with over 9.2 million power banks distributed across 1,234,000 POIs in more than 2,000 counties and county-level districts in China. This extensive reach highlights the company’s dominance in the market, solidifying its position as the largest provider of mobile device charging services in China.
Recent achievements include the successful hosting of the Energy Monster Second and Third Quarter 2023 Earnings Conference Calls, offering valuable insights into the company's financial health and future direction. These events were accessible via webcast, with replays available for those who couldn't attend live. The detailed financial disclosures and metric definitions provided during these calls underscore the company's commitment to transparency and investor relations.
Smart Share Global has also demonstrated strong financial performance, with various metrics such as the number of available-for-use power banks and cumulative registered users showing significant growth. The company continually adapts to market demands through innovative solutions and strategic partnerships, ensuring sustainable development and customer satisfaction.
For investors and stakeholders interested in detailed financial reports, the company offers a free hard copy of its annual report containing audited consolidated financial statements upon request. This commitment to transparency ensures that shareholders are well-informed about the company's performance and strategic direction.
For more information, visit the company's investor relations website or contact Hansen Shi at ir@enmonster.com.
Smart Share Global (Nasdaq: EM) announced its Q2 2024 results. Key highlights include:
- 89.2% of POIs operated under the network partner model
- 1,267,000 POIs available, up from 1,245,000 in Q1 2024
- 9.5 million available-for-use power banks
- 417.1 million cumulative registered users
- 150.6 million mobile device charging orders
Revenues decreased 55.3% YoY to RMB462.9 million (US$63.7 million). The company returned to profitability with a net income of RMB9.2 million (US$1.3 million). The transition to the network partner model is progressing faster than expected, positioning the company for long-term success despite short-term impacts on POI expansion.
Smart Share Global (Energy Monster), a mobile device charging service provider, has announced its plans to release unaudited second quarter 2024 financial results on August 22, 2024, before the U.S. market opens. The company will hold a conference call at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on the same day to discuss the results. Interested parties can pre-register for the call or access it via webcast. A telephone replay will be available through August 29, 2024, and a live and archived webcast will be accessible on the company's investor relations website.
Smart Share Global (Nasdaq: EM), known as Energy Monster, has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's American depositary shares (ADSs) have traded below the $1.00 per share threshold for 34 consecutive business days. Energy Monster has been granted a 180-day compliance period until February 3, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for at least ten consecutive business days.
If unsuccessful, the company may be eligible for an additional 180-day period if it meets other Nasdaq Capital Market listing requirements. Energy Monster assures that this notification does not affect its business operations and plans to take all reasonable measures to regain compliance within the grace period.
Smart Share Global (Nasdaq: EM) announced its unaudited financial results for Q1 2024. The company, which provides mobile device charging solutions, reported a revenue of RMB397.2 million (US$55.0 million), a 51.7% drop from Q1 2023. The decrease mainly stems from changes in contractual arrangements with network partners. Mobile device charging revenues fell by 53.5% to RMB378.1 million, with direct model revenues at RMB155.2 million and network partner model revenues at RMB222.9 million. The company achieved a net loss of RMB0.3 million, compared to a net income of RMB10.8 million a year earlier. Despite a challenging market, Smart Share Global expanded its POI coverage to 1,245 thousand and increased cumulative registered users to 404.3 million. The company's shift to a network partner model is expected to yield long-term benefits but incurred one-off costs during the transition. Cash and cash equivalents stood at RMB3.3 billion (US$454.1 million) as of March 31, 2024.
Smart Share Global , also known as Energy Monster, announced that it will release its unaudited financial results for the first quarter of 2024 on June 3, 2024, before the U.S. market opens.
The company's management will host a conference call at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on the same day to discuss the results. Participants can join the conference call upon registration, with dial-in details provided after registration.
The earnings conference call will also be accessible via webcast. A telephone replay will be available until June 10, 2024, and an archived webcast will be available on the company's investor relations website.
Smart Share Global , also known as Energy Monster, announced on May 23, 2024, that it has regained compliance with Nasdaq's minimum bid price requirement of US$1.00 per share. The company had previously fallen below this threshold on June 22, 2023, which prompted Nasdaq to issue a non-compliance notice. Energy Monster was initially given 180 days to meet the requirement, followed by an additional 180-day extension, setting a deadline of June 17, 2024. The company's share price closed at or above US$1.00 for ten consecutive business days from May 8 to May 21, 2024, leading to the recent compliance notification from Nasdaq. The issue is now resolved.
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