Smart Share Global Limited (Nasdaq: EM) (“Energy Monster” or the
“Company”), a consumer tech company providing mobile device
charging service, today announced its unaudited financial results
for the quarter ended June 30, 2024.
HIGHLIGHTS FOR THE SECOND
QUARTER OF
2024
- As of June 30, 2024, 89.2% of POIs were operated under our
network partner model, compared with 79.7% as of March 31,
2024.
- As of June 30, 2024, the Company’s services were available in
1,267 thousand POIs, compared with 1,245 thousand as of March 31,
2024.
- As of June 30, 2024, the Company’s available-for-use power
banks3 were 9.5 million, compared with 9.4 million as of March 31,
2024.
- As of June 30, 2024, cumulative registered users reached 417.1
million, with 12.8 million newly registered users acquired during
the quarter.
- Mobile device charging orders4 for the second quarter of 2024
was 150.6 million, compared with 171.8 million for the second
quarter of 2023.
“Despite the weaker-than-expected consumption
environment, we delivered a solid performance this quarter as we
returned to profitability,” said Mars Guangyuan Cai, Chairman and
Chief Executive Officer. “Our commitment to long-term value, even
in the current consumption climate, is evident in our ongoing
transition towards the network partner model, which we consider to
be crucial for our long-term success. Additionally, this quarter,
we have proactively begun exploring opportunities in the mobile
device charging service market beyond China as a way to diversify
our operation. By taking these steps, we are positioning the
Company to capture the long-term value of the industry and deliver
substantial returns to our investors.”
“The pace at which we have rebalanced our
operations between the direct model and the network partner model
has exceeded our initial expectations,” said Peifeng Xu, President.
“Although the shift in our business model has imposed short-term
impacts on our new POI expansion rate, we remain confident in our
long-term prospects. Notably, the reduction in our direct model
operations will not only lower our operational expenses but also
enhance the contribution from the higher-margin network partner
model.”
“Our return to profitability this quarter is a
positive development, especially in light of the current
transitions,” said Maria Yi Xin, Chief Financial Officer. “We will
continue to pursue higher levels of operational efficiency within
our core mobile device charging service. Simultaneously, we are
committed to investing in new initiatives that will leverage Energy
Monster’s existing capabilities and unlock new avenues for growth.
These efforts are essential as we aim to realize our full growth
potential and consistently deliver sustained value to our
shareholders.”
FINANCIAL RESULTS FOR THE SECOND QUARTER
OF 2024Revenues were
RMB462.9 million (US$63.7 million5) for the second quarter of 2024,
representing a 55.3% decrease from the same period in 2023. The
decrease was primarily due to certain one-time adjustments made to
the mobile device charging revenues for the second quarter of 2023
as a result of the change in the contractual arrangement with
network partners.
- Mobile device charging
revenues, which consist of revenues generated
under both the direct and network partner models, decreased by
60.0% to RMB410.6 million (US$56.5 million) for the second quarter
of 2024, from RMB1,026.3 million in the same period of 2023.
- Revenues generated under the direct model, comprising of mobile
device charging service fees of RMB115.9 million and power bank
sales of RMB2.2 million, decreased by 60.7% to RMB118.1 million for
the second quarter of 2024, from RMB300.7 million in the same
period of 2023. The decrease was primarily due to the decrease in
number of POIs operated under the direct model.
- Revenues generated under the network partner model, comprising
of (i) mobile device charging solution fees, which increased by
14.3% year-over-year to RMB61.5 million, and (ii) power bank,
cabinet and other related sales, which decreased by 65.6%
year-over-year to RMB231.0 million, decreased by 59.7% to RMB292.5
million for the second quarter of 2024, from RMB725.6 million in
the same period of 2023. The decrease was primarily due to certain
one-time adjustments made to the mobile device charging revenues
for the second quarter of 2023 as a result of the change in the
contractual arrangement with network partners.
- Other revenues, which
primarily comprise of revenues from new business initiatives and
advertising services, increased by 453.7% to RMB52.3 million
(US$7.2 million) for the second quarter of 2024, from RMB9.4
million in the same period of 2023. The increase was primarily
attributable to new business initiatives.
Cost of revenues decreased by
67.2% to RMB219.6 million (US$30.2 million) for the second quarter
of 2024, from RMB668.5 million in the same period last year. The
decrease was primarily due to certain one-time adjustments made to
the mobile device charging cost of revenues for the second quarter
of 2023 as a result of the change in the contractual arrangement
with network partners and the decrease in depreciation as a result
of the decrease in number of POIs operated under the direct
model.
Research and development
expenses increased by 11.6% to RMB20.8 million (US$2.9
million) for the second quarter of 2024, from RMB18.7 million in
the same period last year. The increase was primarily due to the
increase in personnel related expenses.
Sales and marketing expenses
decreased by 38.7% to RMB180.9 million (US$24.9 million) for the
second quarter of 2024 from RMB295.2 million in the same period
last year. The decrease was primarily due to the decrease in
incentive fees paid to location partners under the direct model and
personnel related expenses.
General and administrative
expenses increased by 26.8% to RMB39.5 million (US$5.4
million) for the second quarter of 2024, compared to RMB31.1
million in the same period last year. The increase was primarily
due to the increase in reserve for doubtful accounts in relation to
the increasing contribution of the network partner model.
Loss from operations for the
second quarter of 2024 was RMB6.0 million (US$0.8 million),
compared to an income from operations of RMB13.6 million in the
same period last year.
Net income for
the second quarter of 2024 was RMB9.2 million (US$1.3 million),
compared to a net income of RMB24.5 million in the same period last
year.
Non-GAAP adjusted net
income for the second quarter of 2024 was RMB15.2 million
(US$2.1 million), compared to a non-GAAP adjusted net income of
RMB30.1 million in the same period last year.
Net income
attributable to ordinary shareholders for the
second quarter of 2024 was RMB9.2 million (US$1.3 million),
compared to a net income attributable to ordinary shareholders of
RMB24.5 million in the same period last year.
As of June 30, 2024, the Company
had cash and cash equivalents, restricted cash and short-term
investments of RMB3.2 billion (US$440.9
million).
SUPPLEMENTAL INFORMATIONThe
table below sets forth the breakdown of mobile device charging
revenue components based on the latest classification for the
periods indicated:
|
2023Q2 |
|
2024Q1 |
|
2024Q2 |
|
thousands RMB |
|
thousands RMB |
|
thousands RMB |
|
|
|
|
|
|
Mobile device charging: |
|
|
|
|
|
Direct Model |
300,701 |
|
155,224 |
|
118,105 |
Mobile device charging service |
293,922 |
|
152,108 |
|
115,863 |
Power bank sales |
6,779 |
|
3,116 |
|
2,242 |
Network Partner Model |
725,577 |
|
222,852 |
|
292,505 |
Mobile device charging service |
- |
|
- |
|
- |
Mobile device charging solution |
53,793 |
|
59,016 |
|
61,508 |
Power bank, cabinet and other related sales |
671,784 |
|
163,836 |
|
230,997 |
Total mobile device charging |
1,026,278 |
|
378,076 |
|
410,610 |
|
|
|
|
|
|
CONFERENCE CALL INFORMATIONThe
company will hold a conference call at 8:00 A.M. Eastern Time on
Thursday, August 22, 2024 (8:00 P.M. Beijing Time on Thursday,
August 22, 2024) to discuss the financial results. Upon
registration, each participant will receive dial-in details to join
the conference call.
Event Title: Energy Monster’s Second Quarter
2024 Earnings Conference CallPre-registration link:
https://s1.c-conf.com/diamondpass/10041388-erkogt.html
Participants may also access the call via
webcast: https://edge.media-server.com/mmc/p/fga362u4
A telephone replay will be available through
August 29, 2024. The dial-in details are as follows:
International: |
+61-7-3107-6325 |
United States: |
+1-855-883-1031 |
Mainland China: |
+86-400-120-9216 |
China Hong Kong: |
+852-800-930-639 |
Access Code: |
10041388 |
|
|
A live and archived webcast of the conference
call will also be available at the Company’s investor relations
website at https://ir.enmonster.com/.
ABOUT SMART SHARE GLOBAL
LIMITEDSmart Share Global Limited (Nasdaq: EM), or Energy
Monster, is a consumer tech company with the mission to energize
everyday life. The Company is the largest provider of mobile device
charging service in China with the number one market share. The
Company provides mobile device charging service through its power
banks, which are placed in POIs such as entertainment venues,
restaurants, shopping centers, hotels, transportation hubs and
public spaces. Users may access the service by scanning the QR
codes on Energy Monster’s cabinets to release the power banks. As
of June 30, 2024, the Company had 9.5 million power banks in
1,267,000 POIs across more than 2,100 counties and county-level
districts in China.
CONTACT USInvestor
RelationsHansen Shiir@enmonster.com
SAFE HARBOR STATEMENTThis press
release contains forward-looking statements. These statements are
made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In some cases,
forward-looking statements can be identified by words or phrases
such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,”
“estimate,” “intend,” “plan,” “believe,” “potential,” “continue,”
“is/are likely to,” or other similar expressions. Among other
things, the business outlook and quotations from management in this
announcement, as well as the Company’s strategic and operational
plans, contain forward-looking statements. The Company may also
make written or oral forward-looking statements in its reports
filed with, or furnished to, the U.S. Securities and Exchange
Commission (“SEC”), in its annual reports to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about the
Company’s beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement, including but not limited to the following: Energy
Monster’s strategies; its future business development, financial
condition and results of operations; the impact of technological
advancements on the pricing of and demand for its services;
competition in the mobile device charging service industry; Chinese
governmental policies and regulations affecting the mobile device
charging service industry; changes in its revenues, costs or
expenditures; general economic and business conditions globally and
in China and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks,
uncertainties or factors is included in the Company’s filings with
the SEC. All information provided in this press release is as of
the date of this press release, and the Company does not undertake
any duty to update such information, except as required under
applicable law.
NON-GAAP FINANCIAL MEASUREIn
evaluating its business, the Company considers and uses non-GAAP
adjusted net income in reviewing and assessing its operating
performance. The presentation of this non-GAAP financial measure is
not intended to be considered in isolation or as a substitute for
the financial information prepared and presented in accordance with
U.S. GAAP. The Company presents this non-GAAP financial
measure because it is used by management to evaluate operating
performance and formulate business plans. The Company believes that
this non-GAAP financial measure helps identify underlying trends in
its business, provide further information about its results of
operations, and enhance the overall understanding of its past
performance and future prospects.
Non-GAAP financial measures are not defined
under U.S. GAAP and are not presented in accordance with
U.S. GAAP, and have limitations as analytical tools. The
Company’s non-GAAP financial measure does not reflect all items of
expenses that affect its operations and does not represent the
residual cash flow available for discretionary expenditures.
Further, the Company’s non-GAAP measure may differ from the
non-GAAP information used by other companies, including peer
companies, and therefore its comparability may be limited. The
Company compensates for these limitations by reconciling its
non-GAAP financial measure to the nearest U.S. GAAP
performance measure, which should be considered when evaluating
performance. Investors and others are encouraged to review the
Company’s financial information in its entirety and not rely on a
single financial measure.
The Company defines non-GAAP adjusted net income
as net income excluding share-based compensation expenses. For more
information on the non-GAAP financial measure, please see the table
captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results”
set forth at the end of this press release.
Smart Share
Global Limited |
Unaudited
Consolidated Balance Sheets |
(In
thousands, except for share and per share data, unless otherwise
noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
|
June 30, 2024 |
|
|
June 30, 2024 |
|
RMB |
RMB |
US$ |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
588,644 |
|
|
|
735,208 |
|
|
|
101,168 |
|
|
Restricted cash |
|
173,246 |
|
|
|
146,037 |
|
|
|
20,095 |
|
|
Short-term investments |
|
2,541,889 |
|
|
|
2,302,795 |
|
|
|
316,875 |
|
|
Accounts receivable, net |
|
269,736 |
|
|
|
300,853 |
|
|
|
41,399 |
|
|
Inventory |
|
106,530 |
|
|
|
155,743 |
|
|
|
21,431 |
|
|
Prepayments and other current assets |
|
345,744 |
|
|
|
327,539 |
|
|
|
45,071 |
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
4,025,789 |
|
|
|
3,968,175 |
|
|
|
546,039 |
|
|
|
|
|
|
|
|
|
|
|
|
Non-current assets: |
|
|
|
|
|
|
|
|
|
Long-term restricted cash |
|
20,000 |
|
|
|
20,000 |
|
|
|
2,752 |
|
|
Property, equipment and software, net |
|
322,806 |
|
|
|
237,794 |
|
|
|
32,722 |
|
|
Right-of-use assets, net |
|
16,353 |
|
|
|
11,134 |
|
|
|
1,532 |
|
|
Other non-current assets |
|
21,621 |
|
|
|
16,592 |
|
|
|
2,283 |
|
|
Deferred tax assets, net |
|
18,804 |
|
|
|
18,804 |
|
|
|
2,587 |
|
|
|
|
|
|
|
|
|
|
|
|
Total non-current assets |
|
399,584 |
|
|
|
304,324 |
|
|
|
41,876 |
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
4,425,373 |
|
|
|
4,272,499 |
|
|
|
587,915 |
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts and notes payable |
|
764,741 |
|
|
|
699,504 |
|
|
|
96,254 |
|
|
Salary and welfare payable |
|
143,653 |
|
|
|
122,335 |
|
|
|
16,834 |
|
|
Taxes payable |
|
214,738 |
|
|
|
213,000 |
|
|
|
29,310 |
|
|
Current portion of lease liabilities |
|
7,399 |
|
|
|
5,241 |
|
|
|
721 |
|
|
Accruals and other current liabilities |
|
336,959 |
|
|
|
334,455 |
|
|
|
46,023 |
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
1,467,490 |
|
|
|
1,374,535 |
|
|
|
189,142 |
|
|
|
|
|
|
|
|
|
|
|
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
|
Non-current lease liabilities |
|
7,641 |
|
|
|
5,390 |
|
|
|
742 |
|
|
Amounts due to related parties-non-current |
|
1,000 |
|
|
|
1,000 |
|
|
|
138 |
|
|
Other non-current liabilities |
|
195,585 |
|
|
|
207,501 |
|
|
|
28,553 |
|
|
|
|
|
|
|
|
|
|
|
|
Total non-current liabilities |
|
204,226 |
|
|
|
213,891 |
|
|
|
29,433 |
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
1,671,716 |
|
|
|
1,588,426 |
|
|
|
218,575 |
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Ordinary shares |
|
347 |
|
|
|
347 |
|
|
|
48 |
|
|
Treasury stock |
|
(5,549 |
) |
|
|
(44,243 |
) |
|
|
(6,088 |
) |
|
Additional paid-in capital |
|
11,791,570 |
|
|
|
11,743,588 |
|
|
|
1,615,971 |
|
|
Statutory reserves |
|
16,593 |
|
|
|
16,593 |
|
|
|
2,283 |
|
|
Accumulated other comprehensive income |
|
182,824 |
|
|
|
191,087 |
|
|
|
26,294 |
|
|
Accumulated deficit |
|
(9,232,128 |
) |
|
|
(9,223,299 |
) |
|
|
(1,269,168 |
) |
|
|
|
|
|
|
|
|
|
|
|
Total shareholders' equity |
|
2,753,657 |
|
|
|
2,684,073 |
|
|
|
369,340 |
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and shareholders' equity |
|
4,425,373 |
|
|
|
4,272,499 |
|
|
|
587,915 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Smart Share
Global Limited |
Unaudited
Consolidated Statements of Comprehensive Income |
(In
thousands, except for share and per share data, unless otherwise
noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
Six months ended June 30, |
|
|
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
|
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mobile device charging |
|
1,026,278 |
|
|
410,610 |
|
|
56,502 |
|
|
1,839,323 |
|
|
788,686 |
|
|
108,527 |
|
|
Others |
|
9,448 |
|
|
52,313 |
|
|
7,199 |
|
|
19,238 |
|
|
71,443 |
|
|
9,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues |
|
1,035,726 |
|
|
462,923 |
|
|
63,701 |
|
|
1,858,561 |
|
|
860,129 |
|
|
118,358 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues |
|
(668,547 |
) |
|
(219,600 |
) |
|
(30,218 |
) |
|
(795,936 |
) |
|
(387,337 |
) |
|
(53,299 |
) |
|
Research and development expenses |
|
(18,651 |
) |
|
(20,812 |
) |
|
(2,864 |
) |
|
(40,095 |
) |
|
(40,486 |
) |
|
(5,571 |
) |
|
Sales and marketing expenses |
|
(295,150 |
) |
|
(180,949 |
) |
|
(24,899 |
) |
|
(960,424 |
) |
|
(385,443 |
) |
|
(53,039 |
) |
|
General and administrative expenses |
|
(31,117 |
) |
|
(39,450 |
) |
|
(5,429 |
) |
|
(57,888 |
) |
|
(66,034 |
) |
|
(9,087 |
) |
|
Other operating loss |
|
(8,703 |
) |
|
(8,133 |
) |
|
(1,119 |
) |
|
(6,435 |
) |
|
(9,607 |
) |
|
(1,322 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income/(loss) from operations |
|
13,558 |
|
|
(6,021 |
) |
|
(828 |
) |
|
(2,217 |
) |
|
(28,778 |
) |
|
(3,960 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and investment income |
|
28,054 |
|
|
28,754 |
|
|
3,957 |
|
|
54,290 |
|
|
59,343 |
|
|
8,166 |
|
|
Interest expense to third parties |
|
- |
|
|
- |
|
|
- |
|
|
(4,228 |
) |
|
- |
|
|
- |
|
|
Foreign exchange loss, net |
|
(17,269 |
) |
|
(2,537 |
) |
|
(349 |
) |
|
(12,509 |
) |
|
(3,103 |
) |
|
(427 |
) |
|
Other income/(loss), net |
|
172 |
|
|
(5 |
) |
|
(1 |
) |
|
(11 |
) |
|
68 |
|
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income tax expense |
|
24,515 |
|
|
20,191 |
|
|
2,779 |
|
|
35,325 |
|
|
27,530 |
|
|
3,788 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
- |
|
|
(11,013 |
) |
|
(1,516 |
) |
|
- |
|
|
(18,701 |
) |
|
(2,573 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income |
|
24,515 |
|
|
9,178 |
|
|
1,263 |
|
|
35,325 |
|
|
8,829 |
|
|
1,215 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income attributable to ordinary shareholders of Smart Share Global
Limited |
|
24,515 |
|
|
9,178 |
|
|
1,263 |
|
|
35,325 |
|
|
8,829 |
|
|
1,215 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustments, net of nil tax |
|
68,489 |
|
|
5,901 |
|
|
812 |
|
|
50,422 |
|
|
8,263 |
|
|
1,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income |
|
93,004 |
|
|
15,079 |
|
|
2,075 |
|
|
85,747 |
|
|
17,092 |
|
|
2,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to ordinary shareholders
of Smart Share Global Limited |
|
93,004 |
|
|
15,079 |
|
|
2,075 |
|
|
85,747 |
|
|
17,092 |
|
|
2,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of ordinary shares used in
computing net income per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
-
basic |
|
520,059,564 |
|
|
513,255,262 |
|
|
513,255,262 |
|
|
519,652,925 |
|
|
515,725,209 |
|
|
515,725,209 |
|
|
-
diluted |
|
520,059,564 |
|
|
523,442,724 |
|
|
523,442,724 |
|
|
519,652,925 |
|
|
520,818,940 |
|
|
520,818,940 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income per share attributable to ordinary
shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
-
basic |
|
0.05 |
|
|
0.02 |
|
|
0.00 |
|
|
0.07 |
|
|
0.02 |
|
|
0.00 |
|
|
-
diluted |
|
0.05 |
|
|
0.02 |
|
|
0.00 |
|
|
0.07 |
|
|
0.02 |
|
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income per ADS attributable to ordinary shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
-
basic |
|
0.10 |
|
|
0.04 |
|
|
0.01 |
|
|
0.14 |
|
|
0.03 |
|
|
0.00 |
|
|
-
diluted |
|
0.10 |
|
|
0.04 |
|
|
0.01 |
|
|
0.14 |
|
|
0.03 |
|
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Smart Share
Global Limited |
Unaudited
Reconciliation of GAAP and Non-GAAP Results |
(In
thousands, except for share and per share data, unless otherwise
noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
Six months ended June 30, |
|
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income |
24,515 |
|
9,178 |
|
1,263 |
|
35,325 |
|
8,829 |
|
1,215 |
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
Share-based compensation |
5,540 |
|
6,034 |
|
830 |
|
11,825 |
|
10,217 |
|
1,406 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted for tax effects |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net income (non-GAAP) |
30,055 |
|
15,212 |
|
2,093 |
|
47,150 |
|
19,046 |
|
2,621 |
|
|
|
|
|
|
|
|
|
|
|
|
|
___________________________
1 The Company defines number of points of
interests, or POIs, as of a certain day as the total number of
unique locations whose proprietors (location partners) have entered
into contracts with the Company or its network partners on that day
and have at least one cabinet assigned to the location.
2 The Company defines cumulative registered users
as the total number of users who have agreed to register their
mobile phone numbers with the Company via its mini programs since
inception, and the number of cumulative registered users of the
Company on a certain date is the number of unique mobile phone
numbers that have been registered with the Company since inception
on that date.
3 The Company defines available-for-use power banks
as of a certain date as the number of power banks in circulation on
that day.
4 The Company defines mobile device charging orders
for a given period as the total number of completed orders placed
by registered users of the mobile device charging business under
both the direct and network partner models in that given period,
without any adjustment for orders that may qualify for discounts or
incentives.
5 The U.S. dollar (US$) amounts disclosed in this
press release, except for those transaction amounts that were
actually settled in U.S. dollars, are presented solely for the
convenience of the readers. The conversion of Renminbi (RMB) into
US$ in this press release is based on the exchange rate set forth
in the H.10 statistical release of the Board of Governors of the
Federal Reserve System as of June 28, 2024, which was RMB7.2672 to
US$1.0000. The percentages stated in this press release are
calculated based on the RMB amounts.
Grafico Azioni Smart Share Global (NASDAQ:EM)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Smart Share Global (NASDAQ:EM)
Storico
Da Dic 2023 a Dic 2024