Smart Share Global Ltd Stock Price, News & Analysis

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.

Smart Share Global Limited, known as Energy Monster, reported a significant 162.5% increase in revenues for Q1 2021, totaling RMB846.9 million (US$129.3 million). This growth is attributed to a surge in mobile device charging services, with operational income of RMB23.8 million (US$3.6 million) compared to a loss in the previous year. The number of Points of Interest (POIs) reached 716,000, while registered users grew to 235.8 million. The company forecasts Q2 revenues between RMB940 million and RMB970 million.

Smart Share Global Limited, known as Energy Monster, will release its unaudited Q1 2021 financial results on May 19, 2021, before U.S. markets open. A conference call will follow at 08:00 A.M. ET to discuss these results. Smart Share, a leading mobile device charging service provider in China, holds a 34.4% market share and operates over 5.4 million power banks across more than 1,500 locations. This strategic positioning underscores the company's significant presence in the consumer tech market.

Smart Share Global Limited, known as Energy Monster, has announced the pricing of its initial public offering (IPO) of 17,650,000 American Depositary Shares (ADSs) at $8.50 each, totaling approximately $150 million. The ADSs are set to trade on the Nasdaq under the ticker symbol EM starting April 1, 2021, with the offering expected to close on April 6, 2021. Underwriters have an option to purchase an additional 2,647,500 ADSs within 30 days of the final prospectus. Energy Monster is recognized as the largest mobile device charging service provider in China by gross revenue.