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 Limited (Nasdaq: EM), also known as Energy Monster, is a consumer tech company that publicly reports on its mobile device charging service operations in China. Its news flow centers on operating metrics for its shared power bank network, financial performance, and significant corporate actions affecting its Nasdaq‑listed American depositary shares.
Company press releases regularly cover quarterly and annual results, including revenues by business model, the number of points of interest (POIs) where services are available, available-for-use power banks, cumulative registered users, and the share of POIs operated under the network partner model. These updates also discuss non‑GAAP adjusted net income and provide reconciliations to GAAP results.
Another major theme in EM news is corporate and capital markets activity. The company has reported receiving preliminary non‑binding going‑private proposals, the formation of a special committee of independent directors, the retention of financial and legal advisors, and the negotiation and signing of a definitive Agreement and Plan of Merger with an investor consortium. Subsequent releases describe the convening of an extraordinary general meeting, shareholder approval of the Merger Agreement and plan of merger, and the remaining conditions to closing.
Regulatory and listing developments also appear in the news stream. Smart Share Global Limited has disclosed a prior Nasdaq notice regarding minimum bid price non‑compliance and a later notification that it regained compliance with Nasdaq Listing Rule 5550(a)(2). For investors tracking EM, this news page brings together earnings announcements, operational updates on the charging network, and detailed disclosures on the proposed going‑private transaction and related SEC filings.
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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