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 and fiscal year ended December 31, 2023.
HIGHLIGHTS FOR THE FOURTH QUARTER AND
FULL YEAR 2023
- Net income was RMB87.7 million for
the full year 2023, compared to a net loss of RMB711.2 million for
2022.
- Mobile device charging orders for
the fourth quarter of 2023 was 154.9 million, representing an
increase of 32.8% compared to the same period last year. Mobile
device charging orders for 2023 was 656.4 million, representing a
year-over-year increase of 18.7%.
- As of December 31, 2023, the
Company’s services were available in 1,234 thousand POIs2, compared
with 1,189 thousand as of September 30, 2023 and 997 thousand as of
December 31, 2022.
- As of December 31, 2023, 72.8% of
POIs were operated under our network partner model, compared with
65.5% as of September 30, 2023 and 52.5% as of December 31,
2022.
- As of December 31, 2023, the
Company’s available-for-use power banks3 were 9.2 million, compared
with 8.7 million as of September 30, 2023 and 6.7 million as of
December 31, 2022.
- As of December 31, 2023, cumulative
registered users4 reached 391.5 million, with 12.6 million newly
registered users acquired during the quarter and 57.9 million
acquired during the year.
“During 2023, our operations underwent a notable
transformation after overcoming the challenges in the previous
years, marked by achieving historic highs in mobile device charging
orders and returning to profitability,” said Mars Guangyuan Cai,
Chairman and Chief Executive Officer. “The expansion of our mobile
device charging service network also continued to reach
unprecedented levels, while our operational metrics consistently
achieved new milestones across the board. Our leadership in the
mobile device charging service sector continues to rise, as
evidenced by an increase in market share each year since our
inception. We are enthusiastic about the prospects and trajectory
of the mobile device charging service sector here in China and
remain unwavering in our commitment to delivering sustainable value
to all of our stakeholders.”
“In 2023, our dedication to expanding our mobile
device charging network remained consistent as we utilized a blend
of the direct and network partner models to expand the reach of our
service,” said Peifeng Xu, President. “We proactively pursued new
network partners across all regions to enhance our footprint in
existing regions and extend into new ones. Additionally, our direct
model synergizes with the network partner model, utilizing the
Energy Monster brand to establish partnerships with national and
regional key accounts. The general recovery in offline traffic in
2023 paves the way for stronger growth in 2024 as we continue to
leverage the strengths of both models to drive growth and
profitability.”
“We continued to strengthen our balance sheet
and optimize our working capital during 2023 while our operation
continued to recover towards normalization,” said Maria Yi Xin,
Chief Financial Officer. “The increasing contribution of the
network partner model has been a positive impact on our
profitability during the year. Going into 2024, we expect this
trend to continue as we optimize our portfolio of POIs under the
direct model. The return to profitability in each quarter of 2023
gives us the flexibility to explore different ways of delivering
value to our shareholders as well as investing in new initiatives
that will unlock our growth potential in the future.”
UPDATE ON 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.
Relatedly, all incentive fees paid to network partners have been
excluded from the Company’s sales and marketing expenses 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 partners, and
cost of cabinets and power banks sold to the network partners will
be recognized accordingly.
Starting in 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 mobile device charging operation now consists
of the direct model and the 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 solutions 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 for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
2022Q4 |
|
2023Q3 |
|
2023Q4 |
|
FY2022 |
|
FY2023 |
|
thousands RMB |
|
thousands RMB |
|
thousands RMB |
|
thousands RMB |
|
thousands RMB |
|
|
|
|
|
|
|
|
|
|
Mobile device charging: |
|
|
|
|
|
|
|
|
|
Direct Model |
268,841 |
|
284,233 |
|
215,741 |
|
1,617,793 |
|
1,083,300 |
Mobile device charging service |
263,367 |
|
278,099 |
|
210,899 |
|
1,587,298 |
|
1,058,636 |
Power bank sales |
5,474 |
|
6,134 |
|
4,842 |
|
30,495 |
|
24,664 |
Network Partner Model |
318,964 |
|
279,960 |
|
249,958 |
|
1,195,826 |
|
1,785,915 |
Mobile device charging service |
309,353 |
|
- |
|
- |
|
1,166,845 |
|
518,743 |
Mobile device charging solution |
- |
|
58,759 |
|
60,600 |
|
- |
|
173,152 |
Power bank and cabinet sales |
9,611 |
|
221,201 |
|
189,358 |
|
28,981 |
|
1,094,020 |
Total mobile device charging |
587,805 |
|
564,193 |
|
465,699 |
|
2,813,619 |
|
2,869,215 |
|
FINANCIAL RESULTS FOR THE FOURTH QUARTER
OF 2023Revenues were RMB486.6 million
(US$68.5 million5) for the fourth quarter of 2023, representing a
18.3% decrease from the same period in 2022. The decrease was
primarily due to the decrease in mobile device charging revenues as
a result of 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,
decreased by 20.8% to RMB465.7 million (US$65.6 million) for the
fourth quarter of 2023, from RMB587.8 million in the same period of
2022.
- Revenues generated under the direct model, which comprise of
mobile device charging service fees of RMB210.9 million and power
bank sales of RMB4.8 million, decreased by 19.8% to RMB215.7
million for the fourth quarter of 2023, from RMB268.8 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 fees of RMB60.6 million
and sales of cabinets and power banks of RMB189.4 million,
decreased by 21.6% to RMB250.0 million for the fourth quarter of
2023, from RMB319.0 million in the same period of 2022. The
decrease was primarily due to the change in the contractual
arrangement with network partners. Under the new contractual
arrangement, mobile device charging revenues generated under the
network partner model are net of incentive fees paid to network
partners. The decrease was partially offset by the increase in the
sales of cabinet and power bank to network partners.
- Other
revenues, which primarily comprise of revenue from
advertising services and new business initiatives, increased by
167.7% to RMB20.9 million (US$2.9 million) for the fourth quarter
of 2023, from RMB7.8 million in the same period of 2022. The
increase was primarily attributable to new business initiatives and
the increase in users and advertisement efficiency.
Cost of revenues increased by
41.0% to RMB198.7 million (US$28.0 million) for the fourth quarter
of 2023, from RMB141.0 million in the same period last year. The
increase was primarily due to the increase in sales of cabinets and
power banks under the new contractual arrangement with network
partners, partially offset by the decrease in depreciation
cost.
Research and development
expenses increased by 77.1% to RMB27.6 million (US$3.9
million) for the fourth quarter of 2023, from RMB15.6 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 60.8% to RMB248.8 million (US$35.0 million) for the
fourth quarter of 2023 from RMB635.2 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 12.5% to RMB30.5 million (US$4.3
million) for the fourth quarter of 2023 from RMB27.1 million in the
same period last year. The increase was primarily due to the
increase in personnel related expenses.
Loss from operations for the
fourth quarter of 2023 was RMB32.9 million (US$4.6 million),
compared to a loss from operations of RMB233.9 million in the same
period last year.
Net income for the fourth
quarter of 2023 was RMB2.4 million (US$0.3 million), compared to a
net loss of RMB334.5 million in the same period last year.
Adjusted net income6 for the
fourth quarter of 2023 was RMB5.7 million (US$0.8 million),
compared to an adjusted net loss of RMB327.2 million in the same
period last year.
Net income attributable to ordinary
shareholders for the fourth quarter of 2023 was RMB2.4
million (US$0.3 million), compared to a net loss attributable to
ordinary shareholders of RMB334.5 million in the same period last
year.
As of December 31, 2023, the Company
had cash and cash equivalents, restricted cash and short-term
investments of RMB3.3 billion (US$468.1
million).
FINANCIAL RESULTS FOR FISCAL YEAR
2023
Revenues were RMB3.0 billion
(US$416.7 million) in 2023, representing a 4.2% year-over-year
increase. The increase was primarily due to (i) the increase in
mobile device charging revenue as a result of the general recovery
in offline foot traffic in China, and (ii) the increase in the
sales of power bank and cabinet and mobile device charging solution
revenue under the new contractual arrangement with network
partners, which is partially offset by the decrease in mobile
device charging service fees as a result of 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 2.0% to RMB2.9 billion (US$404.1 million) in
2023, from RMB2.8 billion in 2022.
- Revenues generated under the direct model,
which comprise of mobile device charging service fees of RMB1.1
billion and power bank sales of RMB24.7 million, decreased by 33.0%
to RMB1.1 billion in 2023, from RMB1.6 billion in 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 service
fees of RMB518.7 million, mobile device charging solution fees of
RMB173.2 million and sales of cabinets and power banks of RMB1.1
billion, increased by 49.3% to RMB1.8 billion in 2023, from RMB1.2
billion in 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 during the
second quarter of 2023. The increase was partially offset by the
decrease in mobile device charging service fees due to the change
in the contractual arrangement with network partners. Under the new
contractual arrangement, mobile device charging revenue generated
under the network partner is net of incentive fees paid to network
partners.
- Other
revenues, which primarily comprise of revenue from new
business initiatives and advertising services, increase by 264.0%
to RMB89.4 million (US$12.6 million) in 2023, from RMB24.6 million
in 2022. The increase was primarily attributable to new business
initiatives and the increase in users and advertisement
efficiency.
Cost of revenues increased by
117.2% to RMB1.2 billion (US$170.3 million) in 2023, from RMB556.9
million in 2022. The increase was primarily due to the increase in
sales of cabinets and power banks under the new contractual
arrangement with network partners, 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 remained relatively stable at RMB91.5 million
(US$12.9 million) in 2023, compared to RMB90.7 million in 2022.
Sales and marketing expenses
decreased by 44.4% to RMB1.5 billion (US$212.3 million) in 2023,
compared to RMB2.7 billion in 2022. The decrease was primarily due
to the decreases in incentive fees paid to network partners as a
result of the change in the contractual arrangement with network
partners, incentive fees paid to location partners, and personnel
related expenses.
General and administrative
expenses increased by 11.7% to RMB125.5 million (US$17.7
million) in 2023, compared to RMB112.4 million in 2022. The
increase was primarily due to the increase in personnel related
expenses.
Loss from operations was RMB1.1
million (US$0.2 million) in 2023, compared to a loss from
operations of RMB621.2 million in 2022.
Net income was RMB87.7 million
(US$12.4 million) in 2023, compared to a net loss of RMB711.2
million in 2022.
Adjusted net income was
RMB108.1 million (US$15.2 million) in 2023, compared to an adjusted
net loss of RMB683.0 million in 2022.
Net income attributable to ordinary
shareholders was RMB87.7 million (US$12.4 million) in
2023, compared to a net loss attributable to ordinary shareholders
of RMB711.2 million in 2022.
CONFERENCE CALL INFORMATIONThe
company will hold a conference call at 8:00 A.M. Eastern Time on
Thursday, March 28, 2024 (8:00 P.M. Beijing Time on Thursday, March
28, 2024) to discuss the financial results. Upon registration, each
participant will receive dial-in details to join the conference
call.
Event Title: Energy Monster Fourth Quarter and
Fiscal Year 2023 Earnings CallPre-registration link:
https://s1.c-conf.com/diamondpass/10037927-hg76t5.html
Participants may also access the call via webcast:
https://edge.media-server.com/mmc/p/ibx8vz3c
A telephone replay will be available through April
4, 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: |
10037927 |
|
|
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 December 31, 2023, the Company had 9.2 million power banks in
1,234,000 POIs across more than 2,000 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/(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 |
|
December 31, 2023 |
|
December 31, 2023 |
RMB |
RMB |
US$ |
|
|
|
ASSETS |
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
Cash and cash equivalents |
|
948,773 |
|
|
594,348 |
|
|
83,712 |
|
Restricted cash |
|
14,608 |
|
|
167,542 |
|
|
23,598 |
|
Short-term investments |
|
2,091,198 |
|
|
2,541,889 |
|
|
358,018 |
|
Accounts receivable, net⁷ |
|
16,482 |
|
|
269,736 |
|
|
37,992 |
|
Inventory |
|
1,051 |
|
|
106,530 |
|
|
15,004 |
|
Prepayments and other current assets⁷ |
|
228,672 |
|
|
345,744 |
|
|
48,697 |
|
|
|
|
|
|
|
|
Total current assets |
|
3,300,784 |
|
|
4,025,789 |
|
|
567,021 |
|
|
|
|
|
|
|
|
Non-current assets: |
|
|
|
|
|
|
Long-term restricted cash |
|
21,000 |
|
|
20,000 |
|
|
2,817 |
|
Property, equipment and software, net |
|
886,460 |
|
|
322,806 |
|
|
45,466 |
|
Long-term prepayments to related parties |
|
71 |
|
|
- |
|
|
- |
|
Right-of-use assets, net |
|
12,442 |
|
|
16,353 |
|
|
2,303 |
|
Other non-current assets⁷ |
|
35,898 |
|
|
21,621 |
|
|
3,046 |
|
Deferred tax assets, net |
|
30,986 |
|
|
18,804 |
|
|
2,648 |
|
|
|
|
|
|
|
|
Total non-current assets |
|
986,857 |
|
|
399,584 |
|
|
56,280 |
|
|
|
|
|
|
|
|
Total assets |
|
4,287,641 |
|
|
4,425,373 |
|
|
623,301 |
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
Accounts and notes payable |
|
810,197 |
|
|
764,741 |
|
|
107,712 |
|
Salary and welfare payable |
|
111,274 |
|
|
143,653 |
|
|
20,233 |
|
Taxes payable |
|
147,367 |
|
|
214,738 |
|
|
30,245 |
|
Financing payable-current |
|
76,272 |
|
|
- |
|
|
- |
|
Current portion of lease liabilities |
|
9,761 |
|
|
7,399 |
|
|
1,042 |
|
Accruals and other current liabilities |
|
268,007 |
|
|
336,959 |
|
|
47,459 |
|
|
|
|
|
|
|
|
Total current
liabilities |
|
1,422,878 |
|
|
1,467,490 |
|
|
206,691 |
|
|
|
|
|
|
|
|
Non-current liabilities: |
|
|
|
|
|
|
Financing payable-non-current |
|
32,281 |
|
|
- |
|
|
- |
|
Non-current lease liabilities |
|
854 |
|
|
7,641 |
|
|
1,076 |
|
Amounts due to related parties-non-current |
|
1,000 |
|
|
1,000 |
|
|
141 |
|
Other non-current liabilities |
|
189,323 |
|
|
195,585 |
|
|
27,548 |
|
|
|
|
|
|
|
|
Total non-current liabilities |
|
223,458 |
|
|
204,226 |
|
|
28,765 |
|
|
|
|
|
|
|
|
Total
liabilities |
|
1,646,336 |
|
|
1,671,716 |
|
|
235,456 |
|
|
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY |
|
|
|
|
|
|
Ordinary shares |
|
347 |
|
|
347 |
|
|
49 |
|
Treasury stock |
|
(6,816 |
) |
|
(5,549 |
) |
|
(782 |
) |
Additional paid-in capital |
|
11,786,482 |
|
|
11,791,570 |
|
|
1,660,808 |
|
Statutory reserves |
|
16,593 |
|
|
16,593 |
|
|
2,337 |
|
Accumulated other comprehensive income |
|
163,928 |
|
|
182,824 |
|
|
25,750 |
|
Accumulated deficit⁷⁸ |
|
(9,319,229 |
) |
|
(9,232,128 |
) |
|
(1,300,317 |
) |
|
|
|
|
|
|
|
Total shareholders'
equity |
|
2,641,305 |
|
|
2,753,657 |
|
|
387,845 |
|
|
|
|
|
|
|
|
Total liabilities and
shareholders' equity |
|
4,287,641 |
|
|
4,425,373 |
|
|
623,301 |
|
|
|
|
|
|
|
|
7 On January 1, 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. |
8 On January 1, 2023, the Company adopted ASU 2016-13, Financial
Instruments -- Credit Losses (Topic 326) and recognized a
cumulative-effect adjustment of RMB640 (US$93) to the opening
accumulated deficit at the adoption date. |
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Smart Share Global Limited |
Unaudited Consolidated Statements of Comprehensive
Income/(Loss) |
(In thousands, except share and per share data, unless
otherwise noted) |
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Three months
ended December
31, |
|
Twelve months ended December 31, |
|
|
2022 |
|
2023 |
|
2022 |
|
2023 |
|
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
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|
|
|
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|
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|
Revenues: |
|
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|
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|
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|
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|
Mobile device charging |
|
587,805 |
|
|
465,699 |
|
|
65,592 |
|
|
2,813,619 |
|
|
2,869,215 |
|
|
404,120 |
|
Others |
|
7,815 |
|
|
20,921 |
|
|
2,947 |
|
|
24,571 |
|
|
89,432 |
|
|
12,596 |
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|
|
|
|
|
|
|
|
|
|
|
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Total
revenues |
|
595,620 |
|
|
486,620 |
|
|
68,539 |
|
|
2,838,190 |
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|
2,958,647 |
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|
416,716 |
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|
|
|
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|
|
|
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|
|
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Cost of revenues |
|
(140,953 |
) |
|
(198,711 |
) |
|
(27,988 |
) |
|
(556,923 |
) |
|
(1,209,464 |
) |
|
(170,349 |
) |
Research and development expenses |
|
(15,565 |
) |
|
(27,567 |
) |
|
(3,883 |
) |
|
(90,655 |
) |
|
(91,461 |
) |
|
(12,882 |
) |
Sales and marketing expenses |
|
(635,199 |
) |
|
(248,792 |
) |
|
(35,042 |
) |
|
(2,712,330 |
) |
|
(1,507,432 |
) |
|
(212,317 |
) |
General and administrative expenses |
|
(27,148 |
) |
|
(30,546 |
) |
|
(4,302 |
) |
|
(112,403 |
) |
|
(125,528 |
) |
|
(17,680 |
) |
Other operating (loss)/income |
|
(10,682 |
) |
|
(13,860 |
) |
|
(1,952 |
) |
|
12,876 |
|
|
(25,827 |
) |
|
(3,638 |
) |
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|
|
|
|
|
|
|
|
|
|
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|
Loss from
operations |
|
(233,927 |
) |
|
(32,856 |
) |
|
(4,628 |
) |
|
(621,245 |
) |
|
(1,065 |
) |
|
(150 |
) |
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|
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|
|
|
|
|
|
|
|
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Interest and investment income |
|
11,212 |
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|
30,797 |
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|
4,338 |
|
|
52,389 |
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|
117,247 |
|
|
16,514 |
|
Interest expense to third parties |
|
(4,624 |
) |
|
- |
|
|
- |
|
|
(31,282 |
) |
|
(4,228 |
) |
|
(596 |
) |
Foreign exchange gain/(loss), net |
|
7,271 |
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|
4,955 |
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|
698 |
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|
3,787 |
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|
(3,255 |
) |
|
(458 |
) |
Other (loss)/income, net |
|
(4 |
) |
|
90 |
|
|
13 |
|
|
(413 |
) |
|
63 |
|
|
9 |
|
|
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|
|
|
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|
|
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(Loss)/income before
income tax expense |
|
(220,072 |
) |
|
2,986 |
|
|
421 |
|
|
(596,764 |
) |
|
108,762 |
|
|
15,319 |
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|
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|
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Income tax expense |
|
(114,476 |
) |
|
(579 |
) |
|
(82 |
) |
|
(114,476 |
) |
|
(21,021 |
) |
|
(2,961 |
) |
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Net
(loss)/income |
|
(334,548 |
) |
|
2,407 |
|
|
339 |
|
|
(711,240 |
) |
|
87,741 |
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|
12,358 |
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Net (loss)/income
attributable to ordinary shareholders of Smart Share Global
Limited |
|
(334,548 |
) |
|
2,407 |
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|
339 |
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|
(711,240 |
) |
|
87,741 |
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|
12,358 |
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Other comprehensive
(loss)/income |
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Foreign currency translation adjustments, net of nil tax |
|
(31,734 |
) |
|
(19,194 |
) |
|
(2,703 |
) |
|
112,372 |
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|
18,896 |
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|
2,661 |
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|
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Total comprehensive
(loss)/income |
|
(366,282 |
) |
|
(16,787 |
) |
|
(2,364 |
) |
|
(598,868 |
) |
|
106,637 |
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|
15,019 |
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|
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Comprehensive
(loss)/income attributable to ordinary shareholders of Smart Share
Global Limited |
|
(366,282 |
) |
|
(16,787 |
) |
|
(2,364 |
) |
|
(598,868 |
) |
|
106,637 |
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|
15,019 |
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Weighted average
number of ordinary shares used in computing net (loss)/income per
share |
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- basic |
|
518,821,908 |
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|
519,819,227 |
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|
519,819,227 |
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|
518,307,406 |
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|
519,802,240 |
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|
519,802,240 |
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- diluted |
|
518,821,908 |
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|
519,819,227 |
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|
519,819,227 |
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|
518,307,406 |
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519,802,240 |
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519,802,240 |
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Net (loss)/income per
share attributable to ordinary shareholders |
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- basic |
|
(0.64 |
) |
|
0.00 |
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|
0.00 |
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|
(1.37 |
) |
|
0.17 |
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|
0.02 |
|
- diluted |
|
(0.64 |
) |
|
0.00 |
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|
0.00 |
|
|
(1.37 |
) |
|
0.17 |
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|
0.02 |
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Net (loss)/income per
ADS attributable to ordinary shareholders |
|
|
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|
|
|
|
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|
- basic |
|
(1.28 |
) |
|
0.00 |
|
|
0.00 |
|
|
(2.74 |
) |
|
0.34 |
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|
0.04 |
|
- diluted |
|
(1.28 |
) |
|
0.00 |
|
|
0.00 |
|
|
(2.74 |
) |
|
0.34 |
|
|
0.04 |
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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 December
31, |
|
Twelve months ended September 30, |
|
2022 |
|
2023 |
|
2022 |
|
2023 |
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
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|
Net (loss)/income |
(334,548 |
) |
|
2,407 |
|
339 |
|
(711,240 |
) |
|
87,741 |
|
12,358 |
Add: |
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Share-based compensation |
7,377 |
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|
3,309 |
|
466 |
|
28,245 |
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|
20,339 |
|
2,865 |
Less: |
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Adjusted for tax effects |
- |
|
|
- |
|
- |
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- |
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- |
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- |
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Adjusted net (loss)/income (non-GAAP) |
(327,171 |
) |
|
5,716 |
|
805 |
|
(682,995 |
) |
|
108,080 |
|
15,223 |
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____________________
1 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.2 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.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 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.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 December 31,
2023, which was RMB7.0999 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