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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, operating as Energy Monster, reported its financial results for Q1 2022. The company had 861 thousand Points of Interest (POIs) and acquired 12 million new users, bringing total registered users to 298.9 million. However, revenues fell by 13% year-on-year to RMB737.1 million, largely due to COVID-19's impact, with mobile charging revenues down 12.1%. Consequently, the company reported a loss from operations of RMB99.3 million. Looking ahead, the company projects Q2 2022 revenues between RMB660 million and RMB690 million, factoring in ongoing COVID-19 disruptions.
Smart Share Global Limited, known as Energy Monster, plans to release its unaudited Q1 2022 financial results on June 15, 2022, before U.S. markets open. A conference call will take place at 8:00 A.M. ET on the same day. Energy Monster, the largest mobile device charging service provider in China, offers services through power banks available in various public locations. As of December 31, 2021, it operated 5.7 million power banks across 845,000 points of interest (POIs) in over 1,700 districts.
Smart Share Global Limited (Nasdaq: EM), known as Energy Monster, announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 27, 2022. The report includes audited financial statements, available for shareholders upon request. As the leading provider of mobile device charging services in China, Energy Monster operates a network with 5.7 million power banks across 845,000 points of interest. This announcement reinforces the company's market position and transparency in financial reporting.
Smart Share Global Limited, known as Energy Monster, reported its financial results for Q4 and FY 2021, revealing a 9.7% revenue decline to RMB836.2 million (US$131.2 million) influenced by COVID-19. The net loss for Q4 was RMB68.5 million (US$10.7 million), contrasting with a net income in the previous year. Despite challenges, the company achieved a 27.6% year-over-year revenue increase to RMB3.6 billion (US$562.6 million) for FY 2021. The Q1 2022 outlook predicts revenues between RMB750 million and RMB780 million, accounting for ongoing pandemic impacts.
Smart Share Global Limited, known as Energy Monster, will release its unaudited fourth quarter and fiscal year 2021 financial results on March 11, 2022, before U.S. market opens. The company, the largest provider of mobile device charging services in China, holds a significant market share with 5.8 million power banks across 820,000 points of interest. A conference call is scheduled for 8:00 A.M. Eastern Time on the same day to discuss the results. Investors can also access a live webcast via the company's investor relations website.
Smart Share Global Limited, also known as Energy Monster, reported unaudited financial results for Q3 2021, highlighting revenues of RMB930.0 million, a slight increase of 0.6% year-over-year. Despite challenges from COVID-19 outbreaks impacting operations, the company registered 17.9 million new users, reaching a total of 273 million. However, operational losses totaled RMB82.3 million, a decline from last year’s profit. The company expects Q4 revenues between RMB800 million and RMB830 million, reflecting ongoing uncertainties due to the pandemic.
Smart Share Global Limited, known as Energy Monster, announced that it will release its unaudited third quarter 2021 financial results on November 30, 2021, before U.S. market opens. A conference call for discussing the results is scheduled for 8:00 A.M. Eastern Time on the same day. Energy Monster is the leading provider of mobile device charging services in China, holding the number one market share with 6.0 million power banks available across 771,000 points of interest, as of June 30, 2021.
Smart Share Global Limited, known as Energy Monster, has authorized a $50 million share repurchase program to be executed over the next twelve months. The repurchases will be made through various methods, subject to market conditions and SEC regulations. The program reflects the board's confidence in the company's long-term prospects, supported by recent growth in operations despite COVID-19 impacts. Energy Monster remains the largest mobile device charging service provider in China, with 6.0 million power banks deployed across 771,000 points of interest.
Smart Share Global Limited, known as Energy Monster, reported a remarkable 52.9% year-over-year revenue increase in Q2 2021, reaching RMB972.4 million (US$150.6 million). Growth stemmed from a rise in POIs to 771,000 and an increase in registered users to 255.1 million. However, the net income fell to RMB8.2 million (US$1.3 million) from RMB29.9 million last year, with a reduced operating margin of 1.9%. The third-quarter revenue forecast is RMB900 million to RMB930 million, reflecting ongoing challenges from COVID-19.
Smart Share Global Limited, known as Energy Monster, announced it will release its unaudited second quarter 2021 financial results on August 23, 2021, prior to U.S. market opening. A conference call will be held at 8:00 A.M. ET on the same day for discussion of the results, accessible via multiple international numbers and a webcast. Energy Monster was the largest provider of mobile device charging services in China, holding a 34.4% market share in 2020, with 5.6 million power banks available at 716,000 points of interest.
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