SHANGHAI, April 24, 2024 (GLOBE NEWSWIRE) -- Smart Share Global Limited (NASDAQ:EM) ("Energy Monster" or the "Company"), a consumer tech company providing mobile device charging service, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the United States Securities and Exchange Commission (the "SEC") on April 24, 2024. The annual report can be accessed on the Company's investor relations website at https://ir.enmonster.com/ and on the SEC's website ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SE ...

Smart Share Global Limited (NASDAQ:EM) Q4 2023 Earnings Conference Call March 28, 2024 8:00 AM ET Company Participants Mars Cai - Chairman and Chief Executive Officer Maria Xin - Chief Financial Officer Hansen Shi - Director of Investor Relations Conference Call Participants Charlie Chen - China Renaissance. Operator Hello! And thank you for standing by for Energy Monster Fourth Quarter and Fiscal Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Today's confere ...

SHANGHAI, China, March 11, 2024 (GLOBE NEWSWIRE) -- Smart Share Global Limited (NASDAQ:EM) ("Energy Monster" or the "Company"), a consumer tech company providing mobile device charging service, today announced that its Board of Directors approved a special cash dividend of US$0.015 per ordinary share, or US$0.03 per American Depositary Share ("ADS"), to holders of ordinary shares and holders of ADSs of record as of the close of business on May 31, 2024, U.S. Eastern Time, payable in U.S. dollars. Dividend t ...

Company Overview - Smart Share Global Limited, also known as Energy Monster, is a consumer tech company specializing in mobile device charging services [3] - The company operates the largest mobile device charging service network in China, with a leading market share [3] - As of September 30, 2023, the company had 8 7 million power banks deployed across 1,189,000 points of interest (POIs) in over 2,000 counties and county-level districts in China [3] Sustainability Campaign - Energy Monster launched a new power bank sustainability campaign aimed at enhancing the utilization of power banks by incentivizing users to recycle previously purchased power banks [1] - The campaign encourages users to return their power banks to Energy Monster's cabinets, which are equipped to assess the eligibility of returned power banks [2] - Users returning eligible power banks will receive mobile device charging service vouchers as an incentive [2] - The company has previously collected over 50,000 power banks through earlier versions of this campaign [3] Environmental Impact - Energy Monster's mobile device charging service has a net positive environmental impact by promoting power bank sharing and reducing individual ownership [1] - The company's sustainability campaign aligns with its founding principles of shared economy and environmental sustainability [3] - Energy Monster manages a distributed network of energy storage systems consisting of over 8 million power banks across China [3] Industry Leadership - Energy Monster is the industry leader in China's mobile device charging service market [3] - The company's extensive network and market share position it as a key player in driving sustainability initiatives within the industry [3]

What’s behind today’s pricey S&P valuation … history suggests buying today isn’t wise … but is the market really as expensive as it seems? … why stocks are more attractive than at first glanceWhat if stocks aren’t that expensive?What if they’re offering a 30% discount to the S&P’s average valuation over the last 30 years?If you’re a regular Digest reader, this likely raises an eyebrow.In recent months, we’ve looked at all sorts of valuation indicators suggesting that we’re in an expensive market. From the t ...

Commercial real estate is beginning to roll over – and last week, we saw the alarming domino effect on regional banks.Regular Digest readers know that for months, we’ve been running a “commercial real estate watch” segment to monitor this critically important sector of the U.S. economy.The core problem reduces to elevated refinancing costs (based on the Fed’s rate hikes) that are inflicting serious pain on the commercial real estate sector.As commercial real estate loans are now coming due at a time when pr ...

SHANGHAI, China, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Smart Share Global Limited ("Energy Monster" or the "Company"), a consumer tech company providing mobile device charging service, today announced that on December 20, 2023, the Listing Qualifications department of the Nasdaq Stock Market LLC ("Nasdaq") approved the Company's request to transfer the listing of the Company's American depositary shares, each representing two Class A ordinary shares of the Company (the "ADSs"), from the Nasdaq Global Select Mar ...

Smart Share Global Limited (NASDAQ:EM) Q3 2023 Earnings Conference Call November 27, 2023 8:00 AM ET Company Participants Hansen Shi - Director of Investor Relations Mars Cai - Chairman and Chief Executive Officer Maria Xin - Chief Financial Officer Conference Call Participants Victor Tang - Goldman Sachs Vicky Wei - Citi Charlie Chen - China Renaissance Operator Hello, and thank you for standing by for Energy Monster's 2023 Third Quarter Earnings Conference Call. At this time, all participants are in liste ...

Financial Performance - Net income for Q3 2023 was RMB50.0 million, a significant improvement from a net loss of RMB95.8 million in Q3 2022[2] - Adjusted net income for Q3 2023 was RMB55.2 million, compared to an adjusted net loss of RMB88.6 million in the same period last year[2] - Total revenues for Q3 2023 were RMB613.5 million, representing a 24.7% decrease from Q3 2022[9] - Mobile device charging revenues decreased by 30.3% to RMB564.2 million in Q3 2023, primarily due to changes in the contractual arrangement with network partners[9] - The company reported a net income of RMB 50,009 for the three months ended September 30, 2023, compared to a net loss of RMB 95,754 for the same period in 2022[26] - The adjusted net income (non-GAAP) for the nine months ended September 2023 was RMB 102,364, a substantial improvement from a loss of RMB 355,824 in the same period of 2022[28] User Growth - As of September 30, 2023, cumulative registered users reached 379.0 million, with 16.4 million new users registered during the quarter[2] Revenue and Expenses - Mobile device charging orders increased by 9.1% year-over-year to 176.5 million in Q3 2023[3] - Sales and marketing expenses decreased by 60.4% to RMB298.2 million in Q3 2023, mainly due to reduced incentive fees paid to network partners[12] - Research and development expenses for the nine months ended September 30, 2023, were RMB 63,894, a decrease of 15.0% from RMB 75,090 in the same period of 2022[26] - Share-based compensation decreased to RMB 5,205 for the three months ended September 2023, down from RMB 7,116 in the same period of 2022[28] Assets and Liabilities - Total current assets increased to RMB 3,991,784 as of September 30, 2023, compared to RMB 3,300,784 as of December 31, 2022, representing a growth of 20.9%[23] - Total liabilities decreased slightly to RMB 1,642,733 as of September 30, 2023, from RMB 1,646,336 as of December 31, 2022[23] - The company’s cash and cash equivalents decreased to RMB 828,499 as of September 30, 2023, down from RMB 948,773 as of December 31, 2022[23] - The company’s total shareholders' equity increased to RMB 2,768,517 as of September 30, 2023, from RMB 2,641,305 as of December 31, 2022, reflecting a growth of 4.8%[23] Accounting Changes - The company adopted ASU 2016-13 on January 1, 2023, which resulted in a cumulative-effect adjustment of RMB 640 to the opening accumulated deficit[24] Share Information - The weighted average number of ordinary shares used in computing net income per share for the three months ended September 30, 2023, was 520,075,932[26]