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Smart Share Global Limited, also known as Energy Monster, is a consumer technology company that provides mobile device charging services in China and formerly traded on Nasdaq under the symbol EM. Its business is built around shared power banks placed in points of interest such as restaurants, entertainment venues, shopping centers, hotels, transportation hubs and public spaces, with users releasing devices from cabinets by scanning QR codes.
Company news has centered on annual reporting, Nasdaq filing-compliance notices, shareholder and merger matters, and the completed going-private transaction. The merger made Smart Share Global a wholly owned subsidiary of Mobile Charging Investment Limited, and the company said it would cease to be publicly traded.
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.
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.