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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 Limited (Nasdaq: EM) reported its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2022. The company faced significant challenges due to COVID-19, leading to a 28.8% decrease in revenues, which totaled RMB595.6 million (US$86.4 million). The mobile device charging business saw a 29.5% decline in revenue, while power bank sales decreased by 20.1%. Cumulative registered users reached 333.7 million, with 8.4 million new users in Q4. The company incurred a net loss of RMB334.5 million (US$48.5 million) for Q4 2022, compared to a loss of RMB68.5 million in Q4 2021. For fiscal 2022, total revenues were RMB2.8 billion, a 20.8% year-over-year decline, with a net loss of RMB711.2 million (US$103.1 million). Looking ahead, the company expects revenues of RMB815 million for Q1 2023, factoring in ongoing COVID-19 impacts.
Smart Share Global Limited (Nasdaq: EM), known as Energy Monster, is set to announce its unaudited fourth quarter and fiscal year 2022 financial results on April 21, 2023, prior to the opening of the U.S. markets. A conference call will follow at 8:00 A.M. ET to discuss these results. Participants can join the call via a pre-registration link or through a webcast. With a leading position in mobile device charging services in China, Energy Monster holds the largest market share, having deployed 6.4 million power banks across 956,000 points of interest. The announcement is anticipated by investors seeking insights into the company's financial performance and future outlook.
Smart Share Global Limited (Nasdaq: EM), a leading mobile device charging service provider in China, announced it has regained compliance with Nasdaq's minimum bid price requirement. This follows a previous notification dated October 7, 2022, where the company was informed of non-compliance due to its closing bid price falling below $1.00 for 30 consecutive days. The Compliance Notice confirmed that the company's American Depositary Shares (ADSs) have been priced above $1.00 for at least 10 consecutive days from December 8 to December 21, 2022.
Smart Share Global Limited (Nasdaq: EM) reported its unaudited financial results for Q3 2022, revealing revenues of RMB815 million, a 12.4% decline year-over-year due to COVID-19 impacts. The company operates in 956 thousand points of interest (POIs), with 47.4% via its network partner model. Despite challenges, it has expanded its available power banks to 6.4 million and registered users to 325.2 million. The net loss increased to RMB95.8 million from RMB79.4 million, highlighting ongoing operational difficulties. The company forecasts Q4 2022 revenues between RMB550 million and RMB570 million.
Smart Share Global Limited, also known as Energy Monster, is set to release its third quarter 2022 financial results on December 20, 2022, before the U.S. market opens. The management will hold a conference call at 8:00 A.M. Eastern Time to discuss the results. Interested participants can register for the call or access it via webcast using provided links. A replay of the call will be available until December 27, 2022. Energy Monster is the largest mobile device charging service provider in China, boasting 6.0 million power banks across 895,000 POIs.
Smart Share Global Limited (Nasdaq: EM) announced that it received notification from Nasdaq regarding a compliance issue due to its ADS closing bid price being below US$1.00 for the last 30 consecutive business days. The company has a 180-day compliance period until April 5, 2023, to regain compliance. If the ADS price meets the minimum requirement for ten consecutive business days, Nasdaq will confirm compliance. The notification does not impact the company's operations, and Smart Share Global Limited is committed to regaining compliance within the grace period.
Smart Share Global Limited, known as Energy Monster, has extended its share repurchase program for an additional 12 months, now set to expire on September 27, 2023. Initially approved on September 28, 2021, the program allows for the repurchase of up to US$50 million in shares. As of September 26, 2022, approximately US$3.7 million of American Depositary Shares (ADS) have been repurchased. The company plans to utilize its existing cash balance for future repurchases, which can occur under various market conditions.
Smart Share Global Limited, operating as Energy Monster, reported its Q2 2022 financial results. Revenue totaled RMB690.5 million (US$103.1 million), reflecting a 29% decrease year-over-year due to COVID-19 impacts. The number of Points of Interest (POIs) reached 895,000, with a 43.2% network partner model operation. The company incurred a net loss of RMB184.5 million (US$27.6 million), compared to a profit in Q2 2021. Despite challenges, management expects Q3 revenues between RMB770 million and RMB800 million, contingent on market conditions.
Smart Share Global Limited, known as Energy Monster, will release its unaudited second quarter 2022 financial results on September 8, 2022, before U.S. market opens. A conference call will follow at 8:00 A.M. Eastern Time on the same day to discuss these results. Participants can join the call via a pre-registration link or through a webcast. For convenience, replays will be available through September 15, 2022.
Energy Monster is the leading mobile charging service provider in China, boasting 5.7 million power banks across over 861,000 locations.
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