Welcome to our dedicated page for Smart Share Global news (Ticker: EM), a resource for investors and traders seeking the latest updates and insights on Smart Share Global stock.
Smart Share Global Ltd (EM) provides innovative mobile charging solutions through China's largest network of power bank stations. This page serves as the definitive source for verified company developments, offering investors and industry observers direct access to strategic updates.
Track official announcements including quarterly earnings, technology partnerships, network expansions, and operational milestones. Our curated collection ensures you stay informed about EM's role in shaping mobile connectivity across entertainment hubs, transportation centers, and urban infrastructure.
Key updates cover deployment statistics, maintenance protocols, and digital platform enhancements that maintain EM's market leadership. Discover how the company's QR-based rental ecosystem evolves to meet growing demand for on-the-go power solutions.
Bookmark this page for real-time access to press releases and analyst reports detailing EM's progress in China's consumer tech sector. Check regularly for insights into network growth patterns and partnership developments critical to evaluating the company's market position.
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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