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, 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.