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, 2023.
HIGHLIGHTS FOR THE SECOND QUARTER OF
2023
- Net income for the second quarter
of 2023 was RMB24.5 million, compared to a net loss of RMB184.5
million in the same period last year.
- As of June 30, 2023, the Company’s
services were available in 1,109 thousand POIs, compared with 1,001
thousand as of March 31, 2023.
- As of June 30, 2023, 62.0% of POIs
were operated under our network partner model, compared with 58.8%
as of March 31, 2023.
- As of June 30, 2023, the Company’s
available-for-use power banks2 were 8.0 million, compared with 7.2
million as of March 31, 2023.
- As of June 30, 2023, cumulative
registered users3 reached 362.5 million, with 15.4 million newly
registered users acquired during the quarter.
- Mobile device charging orders4 for
the second quarter of 2023 was 171.8 million, representing an
increase of 24.1% compared to the same period last year.
“We are pleased with the positive recovery trend
during the second quarter of 2023 both in terms of our revenue and
profitability,” said Mars Guangyuan Cai, Chairman and Chief
Executive Officer. “Our core strategies of coverage expansion and
operational optimization remain central to our business philosophy,
allowing us to achieve market-leading growth and operational
leverage. With our competitive advantages in place, we are able to
leverage our advantages in our network effect to more rapidly
consolidate market share. Going into the rest of 2023, we remain
positive that we can continue delivering positive values to our
stakeholders.”
“Both our direct and network partner models
provide flexibility to the expansion of our POI network,
continuously propelling Energy Monster’s operation to new heights
and placing us in a position to best capture market opportunities,”
said Peifeng Xu, Chief Operating Officer. “On one hand, our direct
model continues to gain momentum as offline traffic continues to
return to normal, allowing us to better capture the opportunities
to expand into KAs. On the other hand, our network partner model
allows us to more efficiently scale into more regions and diversify
our POI composition. We believe that the swift execution and
ability to acquire KAs for our direct model and the efficient and
expansive reach of our network partner model provide the
flexibility required to continue increasing our market share in the
industry.”
“During the second quarter of 2023, we made an
important change to our contractual arrangement with our network
partners that further unlocks our growth potential under the
network partner model,” said Maria Yi Xin, Chief Financial Officer.
“We also continue to improve our operating efficiency on all fronts
during the quarter with profitability continuously trending up.
Notably, we were able to regain operating profit for the quarter
with further improvements in the near future. We believe that the
strength of our core mobile device charging operation’s financials
and overall balance sheet serve as pillars to Energy Monster’s
growth in the future.”
UPDATE IN CONTRACTUAL
ARRANGEMENTStarting in the second quarter of 2023, the
Company has updated its contractual arrangement with its network
partners under the network partner model, shifting the principal
role of providing mobile device charging service from the Company
to network partners. Under the new contractual arrangement, the
Company generates revenue by providing mobile device charging
solutions to network partners, including software and system
service, billing and settlement service, customer call center
service and other services. The ownership rights of cabinets and
power banks under the network partner model, which were previously
held by the Company, have also been transferred to the network
partners under the new contractual arrangement.
Starting in the second quarter of 2023, mobile
device charging revenue generated under the network partner model
has therefore been recorded under mobile device charging solution,
which is now net of incentive fees paid to network partners.
Additionally, all incentive fees paid to network partners will be
excluded from the Company’s sales and marketing expenses going
forward under the new contractual arrangement. Due to the new
contractual arrangement, the Company now also generates revenue
from cabinet and power bank sales to its network partners as a
result of the shift in ownership rights of the cabinets and power
banks under the network partner model from the Company to the
network partner, and cost of cabinets and power banks sold to
network partners will be recognized accordingly.
Starting from the second quarter of 2023, the
classification of revenue has been updated accordingly to more
clearly reflect the results of the two mobile device charging
models. The Company’s classification of mobile device charging
operation now consists of the direct model and network partner
model. Under the direct model, the Company generates revenue by
offering mobile device charging service and sales of power banks to
users. Under the network partner model, the Company generates
revenue by offering mobile device charging solution and sales of
power banks and cabinets to network partners.
The table below sets forth the breakdown of
mobile device charging revenue components based on the latest
classification:
|
Three months ended |
|
|
2022Q2 |
|
2023Q1 |
|
2023Q2 |
|
|
thousands RMB |
|
thousands RMB |
|
thousands RMB |
|
Mobile device charging: |
|
|
|
|
|
|
Direct Model |
440,902 |
|
282,625 |
|
300,701 |
|
Mobile device charging service |
433,208 |
|
275,716 |
|
293,922 |
|
Power bank sales |
7,694 |
|
6,909 |
|
6,779 |
|
Network Partner Model |
245,081 |
|
530,420 |
|
725,577 |
|
Mobile device charging service |
239,430 |
|
518,743 |
|
- |
|
Mobile device charging solution |
- |
|
- |
|
53,793 |
|
Power bank and cabinet sales |
5,651 |
|
11,677 |
|
671,784 |
|
Total mobile device charging |
685,983 |
|
813,045 |
|
1,026,278 |
|
|
|
|
|
|
|
|
FINANCIAL RESULTS FOR THE SECOND QUARTER
OF 2023
Revenues were RMB1.0 billion
(US$142.8 million5) for the second quarter of 2023, representing a
50.0% increase from the same period in 2022. The increase was
primarily due to the increase in mobile device charging revenues
due to the change in the contractual arrangement with network
partners.
- Mobile device charging
revenues, which consist of revenues generated under both
direct and network partner models, increased by 49.6% to RMB1.0
billion (US$141.5 million) for the second quarter of 2023, from
RMB686.0 million in the same period of 2022.
- Revenues generated under the direct
model, which comprise of mobile device charging service fee of
RMB293.9 million and power bank sales of RMB6.8 million, decreased
by 31.8% to RMB300.7 million for the second quarter of 2023, from
RMB440.9 million in the same period of 2022. The decrease was
primarily due to the decrease in number of POIs operated under the
direct model.
- Revenues generated under the
network partner model, which comprise of mobile device charging
solution fee of RMB53.8 million and sales of cabinets and power
banks of RMB671.8 million, increased by 196.1% to RMB725.6 million
for the second quarter of 2023, from RMB245.1 million in the same
period of 2022. The increase was primarily due to the addition of
revenue generated from sales of cabinets and power banks as a
result of the change in the contractual arrangement with network
partners, which includes a one-time recognition of RMB500.6 million
in sales of cabinets and power banks to network partners.
- Other revenues,
which primarily comprise of revenue from advertising services and
new business initiatives, increased by 107.8% to RMB9.4 million
(US$1.3 million) for the second quarter of 2023, from RMB4.5
million in the same period of 2022. The increase was primarily
attributable to the increase in user traffic from the general
recovery in offline foot traffic in China during the second quarter
of 2023 and the increase in advertisement efficiency.
Cost of revenues increased by
310.5% to RMB668.5 million (US$92.2 million) for the second quarter
of 2023, from RMB162.9 million in the same period last year. The
increase was primarily due to the increase in sales of cabinets and
power banks in relation to the shift in ownership rights of
cabinets and power banks under the network partner model, which
includes a one-time recognition of RMB455.8 million in cost of
cabinets and power banks sold to network partners. The increase was
partially offset by the decrease in depreciation cost.
Research and development
expenses decreased by 21.5% to RMB18.7 million (US$2.6
million) for the second quarter of 2023 from RMB23.7 million in the
same period last year. The decrease was primarily due to the
decrease in personnel related expenses.
Sales and marketing expenses
decreased by 55.6% to RMB295.2 million (US$40.7 million) for the
second quarter of 2023 from RMB664.9 million in the same period
last year. The decrease was primarily due to the decrease in
incentive fees paid to network partners as a result of the change
in the contractual arrangement with network partners and
the decrease in incentive fees paid to location partners.
General and administrative
expenses increased by 9.3% to RMB31.1 million (US$4.3
million) for the second quarter of 2023 from RMB28.5 million in the
same period last year. The increase was primarily due to the
general decrease in efficiency of our operation.
Income from operations for the
second quarter of 2023 was RMB13.6 million (US$1.9 million),
compared to a loss from operations of RMB191.0 million in the same
period last year.
Net income for the second
quarter of 2023 was RMB24.5 million (US$3.4 million), compared to a
net loss of RMB184.5 million in the same period last year.
Adjusted net
income6 for the second quarter of 2023
was RMB30.1 million (US$4.1 million), compared to an adjusted net
loss of RMB177.5 million in the same period last year.
Net income attributable to ordinary
shareholders for the second quarter of 2023 was RMB24.5
million (US$3.4 million), compared to a net loss attributable to
ordinary shareholders of RMB184.5 million in the same period last
year.
As of June 30, 2023, the Company
had cash and cash equivalents, restricted cash and
short-term investments of RMB3.2
billion (US$436.2 million).
CONFERENCE CALL INFORMATIONThe
company will hold a conference call at 8:00 A.M. Eastern Time on
Monday, August 21, 2023 (8:00 P.M. Beijing Time on Monday, August
21, 2023) to discuss the financial results. Upon registration, each
participant will receive dial-in details to join the conference
call.
Event Title: Energy Monster Second Quarter 2023 Earnings
Conference CallPre-registration link:
https://s1.c-conf.com/diamondpass/10033014-fbu4m1.html
Participants may also access the call via webcast:
https://edge.media-server.com/mmc/p/2stpb8co
A telephone replay will be available through August 28, 2023.
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: |
10033014 |
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, 2023, the Company had 8.0 million power banks in
1,109,000 POIs across more than 1,900 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; the risk that COVID-19 or other health risks in China
or globally could adversely affect its operations or financial
results; 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/(loss) 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/(loss) as net income/(loss) 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 share and per share data, unless otherwise
noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
|
June 30, 2023 |
|
|
June 30, 2023 |
|
|
RMB |
RMB |
US$ |
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
948,773 |
|
|
|
480,271 |
|
|
|
66,232 |
|
|
|
Restricted cash |
|
14,608 |
|
|
|
14,848 |
|
|
|
2,048 |
|
|
|
Short-term investments |
|
2,091,198 |
|
|
|
2,646,645 |
|
|
|
364,989 |
|
|
|
Accounts receivable, net7 |
|
16,482 |
|
|
|
243,068 |
|
|
|
33,521 |
|
|
|
Inventory |
|
1,051 |
|
|
|
129,532 |
|
|
|
17,863 |
|
|
|
Prepayments and other current assets7 |
|
228,672 |
|
|
|
401,716 |
|
|
|
55,398 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
3,300,784 |
|
|
|
3,916,080 |
|
|
|
540,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current assets: |
|
|
|
|
|
|
|
|
|
|
Long-term restricted cash |
|
21,000 |
|
|
|
21,000 |
|
|
|
2,896 |
|
|
|
Property, equipment and software, net |
|
886,460 |
|
|
|
300,940 |
|
|
|
41,502 |
|
|
|
Long-term prepayments to related parties |
|
71 |
|
|
|
- |
|
|
|
- |
|
|
|
Right-of-use assets, net |
|
12,442 |
|
|
|
19,024 |
|
|
|
2,624 |
|
|
|
Other non-current assets7 |
|
35,898 |
|
|
|
19,402 |
|
|
|
2,676 |
|
|
|
Deferred tax assets, net |
|
30,986 |
|
|
|
30,986 |
|
|
|
4,273 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-current assets |
|
986,857 |
|
|
|
391,352 |
|
|
|
53,971 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
4,287,641 |
|
|
|
4,307,432 |
|
|
|
594,022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable |
|
810,197 |
|
|
|
688,213 |
|
|
|
94,909 |
|
|
|
Salary and welfare payable |
|
111,274 |
|
|
|
116,002 |
|
|
|
15,997 |
|
|
|
Taxes payable |
|
147,367 |
|
|
|
262,152 |
|
|
|
36,152 |
|
|
|
Financing payable-current |
|
76,272 |
|
|
|
- |
|
|
|
- |
|
|
|
Current portion of lease liabilities |
|
9,761 |
|
|
|
9,301 |
|
|
|
1,283 |
|
|
|
Accruals and other current liabilities |
|
268,007 |
|
|
|
307,195 |
|
|
|
42,364 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
1,422,878 |
|
|
|
1,382,863 |
|
|
|
190,705 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
|
|
Financing payable-non-current |
|
32,281 |
|
|
|
- |
|
|
|
- |
|
|
|
Non-current lease liabilities |
|
854 |
|
|
|
7,539 |
|
|
|
1,040 |
|
|
|
Amounts due to related parties-non-current |
|
1,000 |
|
|
|
1,000 |
|
|
|
138 |
|
|
|
Other non-current liabilities |
|
189,323 |
|
|
|
187,610 |
|
|
|
25,873 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-current liabilities |
|
223,458 |
|
|
|
196,149 |
|
|
|
27,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
1,646,336 |
|
|
|
1,579,012 |
|
|
|
217,756 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
Ordinary shares |
|
347 |
|
|
|
347 |
|
|
|
48 |
|
|
|
Treasury stock |
|
(6,816 |
) |
|
|
(3,090 |
) |
|
|
(426 |
) |
|
|
Additional paid-in capital |
|
11,786,482 |
|
|
|
11,784,764 |
|
|
|
1,625,193 |
|
|
|
Statutory reserves |
|
16,593 |
|
|
|
16,593 |
|
|
|
2,288 |
|
|
|
Accumulated other comprehensive income |
|
163,928 |
|
|
|
214,350 |
|
|
|
29,560 |
|
|
|
Accumulated deficit78 |
|
(9,319,229 |
) |
|
|
(9,284,544 |
) |
|
|
(1,280,397 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total shareholders' equity |
|
2,641,305 |
|
|
|
2,728,420 |
|
|
|
376,266 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and shareholders' equity |
|
4,287,641 |
|
|
|
4,307,432 |
|
|
|
594,022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7On January l, 2023,
the Company adopted ASU 2016-13, Financial Instruments -- Credit
Losses (Topic 326), using the modified retrospective method and the
adoption did not have material impact on the consolidated financial
statements. |
|
|
|
|
8On January 1, 2023,
the Company adopted ASU 2016-13, Financial Instruments -- Credit
Losses (Topic 326) and recognized a cumulative-effect adjustment of
RMB640 (US$93) to the opening accumulated deficit at the adoption
date. |
|
|
|
Smart Share
Global Limited |
Unaudited
Consolidated Statements of Comprehensive
Income/(Loss) |
(In
thousands, except share and per share data, unless otherwise
noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
Six months ended June 30, |
|
|
2022 |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
Mobile device charging |
|
685,983 |
|
|
1,026,278 |
|
|
141,530 |
|
|
1,416,654 |
|
|
1,839,323 |
|
|
253,654 |
|
Others |
|
4,546 |
|
|
9,448 |
|
|
1,303 |
|
|
10,952 |
|
|
19,238 |
|
|
2,653 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues |
|
690,529 |
|
|
1,035,726 |
|
|
142,833 |
|
|
1,427,606 |
|
|
1,858,561 |
|
|
256,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues |
|
(162,869 |
) |
|
(668,547 |
) |
|
(92,197 |
) |
|
(290,422 |
) |
|
(795,936 |
) |
|
(109,765 |
) |
Research and development expenses |
|
(23,747 |
) |
|
(18,651 |
) |
|
(2,572 |
) |
|
(50,809 |
) |
|
(40,095 |
) |
|
(5,529 |
) |
Sales and marketing expenses |
|
(664,918 |
) |
|
(295,150 |
) |
|
(40,703 |
) |
|
(1,324,597 |
) |
(960,424 |
) |
|
(132,449 |
) |
General and administrative expenses |
|
(28,458 |
) |
|
(31,117 |
) |
|
(4,291 |
) |
|
(55,834 |
) |
|
(57,888 |
) |
|
(7,983 |
) |
Other operating (loss)/income |
|
(1,565 |
) |
|
(8,703 |
) |
|
(1,200 |
) |
|
3,712 |
|
|
(6,435 |
) |
|
(887 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/income from operations |
|
(191,028 |
) |
|
13,558 |
|
|
1,870 |
|
|
(290,344 |
) |
|
(2,217 |
) |
|
(306 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and investment income |
|
10,949 |
|
|
28,054 |
|
|
3,869 |
|
|
22,536 |
|
|
54,290 |
|
|
7,487 |
|
Interest expense to third parties |
|
(8,596 |
) |
|
- |
|
|
- |
|
|
(17,010 |
) |
|
(4,228 |
) |
|
(583 |
) |
Foreign exchange gain/(loss), net |
|
4,160 |
|
|
(17,269 |
) |
|
(2,382 |
) |
|
3,892 |
|
|
(12,509 |
) |
|
(1,725 |
) |
Other (loss)/income, net |
|
(12 |
) |
|
172 |
|
|
24 |
|
|
(12 |
) |
|
(11 |
) |
|
(2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/income before income tax expense |
|
(184,527 |
) |
|
24,515 |
|
|
3,381 |
|
|
(280,938 |
) |
|
35,325 |
|
|
4,871 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
(loss)/income |
|
(184,527 |
) |
|
24,515 |
|
|
3,381 |
|
|
(280,938 |
) |
|
35,325 |
|
|
4,871 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
(loss)/income attributable to ordinary shareholders of Smart Share
Global Limited |
|
(184,527 |
) |
|
24,515 |
|
|
3,381 |
|
|
(280,938 |
) |
|
35,325 |
|
|
4,871 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustments, net of nil tax |
|
75,646 |
|
|
68,489 |
|
|
9,445 |
|
|
69,811 |
|
|
50,422 |
|
|
6,954 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive (loss)/income |
|
(108,881 |
) |
|
93,004 |
|
|
12,826 |
|
|
(211,127 |
) |
|
85,747 |
|
|
11,825 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive (loss)/income attributable to ordinary
shareholders of Smart Share Global Limited |
|
(108,881 |
) |
|
93,004 |
|
|
12,826 |
|
|
(211,127 |
) |
|
85,747 |
|
|
11,825 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of ordinary shares used in
computing net (loss)/income per share |
|
|
|
|
|
|
|
|
|
|
|
|
-
basic |
|
518,158,156 |
|
|
520,059,564 |
|
|
520,059,564 |
|
|
517,786,898 |
|
|
519,652,925 |
|
|
519,652,925 |
|
-
diluted |
|
518,158,156 |
|
|
520,059,564 |
|
|
520,059,564 |
|
|
517,786,898 |
|
|
519,652,925 |
|
|
519,652,925 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
(loss)/income per share attributable to ordinary
shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
-
basic |
|
(0.36 |
) |
|
0.05 |
|
|
0.01 |
|
|
(0.54 |
) |
|
0.07 |
|
|
0.01 |
|
-
diluted |
|
(0.36 |
) |
|
0.05 |
|
|
0.01 |
|
|
(0.54 |
) |
|
0.07 |
|
|
0.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
(loss)/income per ADS attributable to ordinary
shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
-
basic |
|
(0.72 |
) |
|
0.10 |
|
|
0.01 |
|
|
(1.08 |
) |
|
0.14 |
|
|
0.02 |
|
-
diluted |
|
(0.72 |
) |
|
0.10 |
|
|
0.01 |
|
|
(1.08 |
) |
|
0.14 |
|
|
0.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Smart Share
Global Limited |
Unaudited
Reconciliation of GAAP and Non-GAAP Results |
(In
thousands, except share and per share data, unless otherwise
noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
Six months ended June 30, |
|
|
|
2022 |
|
|
2023 |
|
2022 |
|
|
2023 |
|
|
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
(loss)/income |
(184,527 |
) |
|
24,515 |
|
3,381 |
|
(280,938 |
) |
|
35,325 |
|
4,871 |
|
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based compensation |
7,036 |
|
|
5,540 |
|
764 |
|
13,752 |
|
|
11,825 |
|
1,631 |
|
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted for tax effects |
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net (loss)/income (non-GAAP) |
(177,491 |
) |
|
30,055 |
|
4,145 |
|
(267,186 |
) |
|
47,150 |
|
6,502 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
___________________________________
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
available-for-use power banks as of a certain date as the number of
power banks in circulation on that day.3 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.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 30,
2023, which was RMB7.2513 to US$1.0000. The percentages stated in
this press release are calculated based on the RMB amounts.6 See
the sections entitled “Non-GAAP Financial Measure” and “Unaudited
Reconciliation of GAAP and Non-GAAP Results” in this press release
for more information.
Smart Share Global (NASDAQ:EM)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Smart Share Global (NASDAQ:EM)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024