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Smart Share Global Limited American Depositary Shares - EM STOCK NEWS

Welcome to our dedicated page for Smart Share Global American Depositary Shares news (Ticker: EM), a resource for investors and traders seeking the latest updates and insights on Smart Share Global American Depositary Shares stock.

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.

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Energy Monster Launches Power Bank Sustainability Campaign to Promote Environmental Responsibility and Enhance Power Bank Utilization
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Smart Share Global Limited (Energy Monster) announced the transfer of its American depositary shares (ADSs) from the Nasdaq Global Select Market to the Nasdaq Capital Market. The transfer is expected to take effect on December 22, 2023, following the approval from the Listing Qualifications department of Nasdaq. The company received a second 180-day compliance period to meet the minimum bid price requirement for continued listing, with a deadline of June 17, 2024. The transfer is not expected to impact trading in the company's ADSs, which will continue to trade under the symbol 'EM.'
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Energy Monster (EM) announced its unaudited financial results for the third quarter of 2023, with net income reaching RMB50.0 million, compared to a net loss of RMB95.8 million in the same period last year. The number of POIs reached 1.2 million, and the company's services were available in 1,189 thousand POIs. Cumulative registered users reached 379.0 million, with 16.4 million newly registered users acquired during the quarter. Mobile device charging orders for the third quarter of 2023 was 176.5 million, representing an increase of 9.1% compared to the same period last year.
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Smart Share Global Limited (Energy Monster) plans to release its unaudited third quarter 2023 financial results on November 27, 2023, before the U.S. market opens. The management will hold a conference call to discuss the financial results, with a webcast and telephone replay available. Event Title: Energy Monster Third Quarter 2023 Earnings Conference Call
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Energy Monster extends share repurchase program and announces changes to management team
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Energy Monster announced its unaudited financial results for Q2 2023. Net income for the quarter was RMB24.5 million, compared to a net loss of RMB184.5 million in the same period last year. Mobile device charging orders increased by 24.1%. Revenues increased by 50.0% to RMB1.0 billion. The company's services were available in 1,109 thousand POIs, with 62.0% operated under the network partner model. Cumulative registered users reached 362.5 million.
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Smart Share Global Limited, a consumer tech company, will release its unaudited second quarter 2023 financial results on August 21, 2023. The management will hold a conference call to discuss the financial results. Participants can join via dial-in or webcast. A telephone replay will be available, and a webcast will be accessible on the company's investor relations website.
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FAQ

What is the current stock price of Smart Share Global American Depositary Shares (EM)?

The current stock price of Smart Share Global American Depositary Shares (EM) is $0.7535 as of October 8, 2024.

What is the market cap of Smart Share Global American Depositary Shares (EM)?

The market cap of Smart Share Global American Depositary Shares (EM) is approximately 195.2M.

What does Smart Share Global Limited do?

Smart Share Global Limited provides mobile device charging services through a network of power banks placed in various Points of Interest (POIs) across China.

What is the mission of Smart Share Global Limited?

The mission of Smart Share Global Limited is to energize everyday life by providing convenient mobile device charging solutions.

How can users rent and return power banks?

Users can rent and return power banks through the company's mini-programs, which enable seamless borrowing and returning at any of the numerous POIs.

How extensive is Smart Share Global's network?

As of December 31, 2023, Smart Share Global has 9.2 million power banks distributed across 1,234,000 POIs in more than 2,000 counties and county-level districts in China.

What recent events has Smart Share Global hosted?

The company recently hosted the Energy Monster Second and Third Quarter 2023 Earnings Conference Calls, providing insights into its financial performance and future plans.

How can I access Smart Share Global's financial reports?

Investors and stakeholders can request a free hard copy of the company's annual report containing audited consolidated financial statements.

Who should I contact for investor relations?

For investor relations, you can contact Hansen Shi at ir@enmonster.com.

What is the significance of Smart Share Global's market share?

Smart Share Global is the largest provider of mobile device charging services in China, highlighting its market dominance and extensive reach.

What technologies does Smart Share Global use?

The company leverages advanced technologies to enable seamless renting and returning of power banks across its extensive network.

Where can I find more information about Smart Share Global?

You can find more information on the company's investor relations website or by directly contacting their investor relations team.

Smart Share Global Limited American Depositary Shares

Nasdaq:EM

EM Rankings

EM Stock Data

195.16M
442.41M
12.6%
4.38%
0.04%
Personal Services
Consumer Cyclical
Link
United States of America
Shanghai