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 September 30, 2023.
HIGHLIGHTS FOR THE THIRD QUARTER OF
2023
- Net income for the third quarter of 2023 was RMB50.0 million,
compared to a net loss of RMB95.8 million in the same period last
year.
- Adjusted net income2 for the third quarter of 2023 was RMB55.2
million, compared to an adjusted net loss of RMB88.6 million in the
same period last year.
- As of September 30, 2023, the Company’s services were available
in 1,189 thousand POIs, compared with 1,109 thousand as of June 30,
2023.
- As of September 30, 2023, 65.5% of POIs were operated under our
network partner model, compared with 62.0% as of June 30,
2023.
- As of September 30, 2023, the Company’s available-for-use power
banks3 were 8.7 million, compared with 8.0 million as of June 30,
2023.
- As of September 30, 2023, cumulative registered users4 reached
379.0 million, with 16.4 million newly registered users acquired
during the quarter.
- Mobile device charging orders5 for the third quarter of 2023
was 176.5 million, representing an increase of 9.1% compared to the
same period last year.
“Our operation continues to reach new heights
during the third quarter of 2023 with both mobile device charging
service GMV and POI count reaching historic highs, despite the
weaker than expected offline foot traffic and consumption power,”
said Mars Guangyuan Cai, Chairman and Chief Executive Officer. “The
increased scale coupled with an improvement to our profitability
reflects that our commitment to our strategies in operational
efficiency and POI expansion is effective and continues to be a
driver for future growth. We will continue to deliver best-in-class
services and support to our users, location partners and network
partners and to drive increased scale and operational efficiency of
our operation in order to create value for our stakeholders.”
“As offline foot traffic and our operation
continue their recoveries, we are also rebalancing the contribution
by our two models,” said Peifeng Xu, President. “For our direct
model, we continue to optimize our existing POI portfolio and to
shift our emphasis to KA partners and larger cities. We also
continue to transition a portion of our direct model POIs to our
network partner model so that we can concentrate the advantages of
our direct model into high-yielding locations. Our network partner
model, which continues to be the driver of our network expansion,
will primarily focus on expanding into lower-tier cities and to
complement our direct model’s coverage in higher-tier cities. By
expanding through and balancing the two models, we are able to
effectively scale a diversified network across different regions
and POI types.”
“The shifting balance between the two models and
the initiatives we have taken to improve operational efficiency
both contribute to the improvement of our profitability during the
quarter,” said Maria Yi Xin, Chief Financial Officer. “Going
forward, we maintain committed to our strategy in improving
operational efficiency as we continue to optimize our operating
expenses and deliver newer generations of hardware products to the
market that are more cost-efficient. The improvement in our
profitability coupled with our strong balance sheet and cash flow
provides us with the foundation required to invest in new
initiatives in the near 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:
|
|
|
|
|
|
|
2022Q3 |
|
2023Q2 |
|
2023Q3 |
|
thousands RMB |
|
thousands RMB |
|
thousands RMB |
|
|
|
|
|
|
Mobile device charging: |
|
|
|
|
|
Direct Model |
447,171 |
|
300,701 |
|
284,233 |
Mobile device charging service |
438,412 |
|
293,922 |
|
278,099 |
Power bank sales |
8,759 |
|
6,779 |
|
6,134 |
Network Partner Model |
361,989 |
|
725,577 |
|
279,960 |
Mobile device charging service |
352,634 |
|
- |
|
- |
Mobile device charging solution |
- |
|
53,793 |
|
58,759 |
Power bank and cabinet sales |
9,355 |
|
671,784 |
|
221,201 |
Total mobile device charging |
809,160 |
|
1,026,278 |
|
564,193 |
|
|
|
|
|
|
FINANCIAL RESULTS FOR THE THIRD QUARTER
OF 2023
Revenues were RMB613.5 million
(US$84.1 million6) for the third quarter of 2023, representing a
24.7% decrease from the same period in 2022. The decrease was
primarily due to the decrease 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, decreased by 30.3% to
RMB564.2 million (US$77.3 million) for the third quarter of 2023,
from RMB809.2 million in the same period of 2022.
- Revenues generated under the direct model, which comprise of
mobile device charging service fee of RMB278.1 million and power
bank sales of RMB6.1 million, decreased by 36.4% to RMB284.2
million for the third quarter of 2023, from RMB447.2 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 RMB58.8 million
and sales of cabinets and power banks of RMB221.2 million,
decreased by 22.7% to RMB280.0 million for the third quarter of
2023, from RMB362.0 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 revenue generated under the
network partner is net of incentive fees paid to network partners.
The decrease was partially offset by the increase in cabinet and
power bank sales to network partners.
- Other revenues, which
primarily comprise of revenue from advertising services and new
business initiatives, increase to RMB49.3 million (US$6.8 million)
for the third quarter of 2023, from RMB5.8 million in the same
period of 2022. The increase was primarily attributable to new
business initiatives.
Cost of revenues increased by
71.1% to RMB214.8 million (US$29.4 million) for the third quarter
of 2023, from RMB125.5 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. The increase was partially offset by the decrease in
depreciation cost.
Research and development
expenses decreased by 2.0% to RMB23.8 million (US$3.3
million) for the third quarter of 2023, from RMB24.3 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 60.4% to RMB298.2 million (US$40.9 million) for the
third quarter of 2023 from RMB752.5 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 26.1% to RMB37.1 million (US$5.1
million) for the third quarter of 2023 from RMB29.4 million in the
same period last year. The increase was primarily due to the
increase in personnel related expenses and professional service
expenses.
Income from operations for the
third quarter of 2023 was RMB34.0 million (US$4.7 million),
compared to a loss from operations of RMB97.0 million in the same
period last year.
Net income for the third
quarter of 2023 was RMB50.0 million (US$6.9 million), compared to a
net loss of RMB95.8 million in the same period last year.
Adjusted net income for the
third quarter of 2023 was RMB55.2 million (US$7.6 million),
compared to an adjusted net loss of RMB88.6 million in the same
period last year.
Net income attributable to ordinary
shareholders for the third quarter of 2023 was RMB50.0
million (US$6.9 million), compared to a net loss attributable to
ordinary shareholders of RMB95.8 million in the same period last
year.
As of September 30, 2023, the Company
had cash and cash equivalents, restricted cash and
short-term investments of RMB3.3
billion (US$455.0 million).
CONFERENCE CALL INFORMATIONThe
company will hold a conference call at 8:00 A.M. Eastern Time on
Monday, November 27, 2023 (9:00 P.M. Beijing Time on Monday,
November 27, 2023) to discuss the financial results. Upon
registration, each participant will receive dial-in details to join
the conference call.
Event Title: Energy Monster Third Quarter 2023 Earnings
Conference CallPre-registration link:
https://s1.c-conf.com/diamondpass/10035216-2hfck0.html
Participants may also access the call via webcast:
https://edge.media-server.com/mmc/p/jnrnuvch
A telephone replay will be available through December 5, 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: |
10035216 |
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 September 30, 2023, the Company had 8.7 million power banks in
1,189,000 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; 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 |
|
September 30, 2023 |
|
September 30, 2023 |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
948,773 |
|
|
828,499 |
|
|
113,555 |
|
Restricted cash |
14,608 |
|
|
85,668 |
|
|
11,742 |
|
Short-term investments |
2,091,198 |
|
|
2,384,182 |
|
|
326,779 |
|
Accounts receivable, net⁷ |
16,482 |
|
|
243,771 |
|
|
33,412 |
|
Inventory |
1,051 |
|
|
99,871 |
|
|
13,688 |
|
Prepayments and other current assets⁷ |
228,672 |
|
|
349,793 |
|
|
47,943 |
|
|
|
|
|
|
|
|
|
|
Total current assets |
3,300,784 |
|
|
3,991,784 |
|
|
547,119 |
|
|
|
|
|
|
|
|
|
|
Non-current assets: |
|
|
|
|
|
|
|
|
Long-term restricted cash |
21,000 |
|
|
21,000 |
|
|
2,878 |
|
Property, equipment and software, net |
886,460 |
|
|
338,031 |
|
|
46,331 |
|
Long-term prepayments to related parties |
71 |
|
|
- |
|
|
- |
|
Right-of-use assets, net |
12,442 |
|
|
17,735 |
|
|
2,431 |
|
Other non-current assets⁷ |
35,898 |
|
|
19,630 |
|
|
2,691 |
|
Deferred tax assets, net |
30,986 |
|
|
23,070 |
|
|
3,162 |
|
|
|
|
|
|
|
|
|
|
Total non-current assets |
986,857 |
|
|
419,466 |
|
|
57,493 |
|
|
|
|
|
|
|
|
|
|
Total assets |
4,287,641 |
|
|
4,411,250 |
|
|
604,612 |
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
Accounts and notes payable |
810,197 |
|
|
794,811 |
|
|
108,938 |
|
Salary and welfare payable |
111,274 |
|
|
130,929 |
|
|
17,945 |
|
Taxes payable |
147,367 |
|
|
215,253 |
|
|
29,503 |
|
Financing payable-current |
76,272 |
|
|
- |
|
|
- |
|
Current portion of lease liabilities |
9,761 |
|
|
7,846 |
|
|
1,075 |
|
Accruals and other current liabilities |
268,007 |
|
|
295,791 |
|
|
40,542 |
|
|
|
|
|
|
|
|
|
|
Total current
liabilities |
1,422,878 |
|
|
1,444,630 |
|
|
198,003 |
|
|
|
|
|
|
|
|
|
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
Financing payable-non-current |
32,281 |
|
|
- |
|
|
- |
|
Non-current lease liabilities |
854 |
|
|
8,615 |
|
|
1,181 |
|
Amounts due to related parties-non-current |
1,000 |
|
|
1,000 |
|
|
137 |
|
Other non-current liabilities |
189,323 |
|
|
188,488 |
|
|
25,834 |
|
|
|
|
|
|
|
|
|
|
Total non-current liabilities |
223,458 |
|
|
198,103 |
|
|
27,152 |
|
|
|
|
|
|
|
|
|
|
Total
liabilities |
1,646,336 |
|
|
1,642,733 |
|
|
225,155 |
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY |
|
|
|
|
|
|
|
|
Ordinary shares |
347 |
|
|
347 |
|
|
48 |
|
Treasury stock |
(6,816 |
) |
|
(5,132 |
) |
|
(703 |
) |
Additional paid-in capital |
11,786,482 |
|
|
11,789,227 |
|
|
1,615,848 |
|
Statutory reserves |
16,593 |
|
|
16,592 |
|
|
2,274 |
|
Accumulated other comprehensive income |
163,928 |
|
|
202,018 |
|
|
27,688 |
|
Accumulated deficit⁷⁸ |
(9,319,229 |
) |
|
(9,234,535 |
) |
|
(1,265,698 |
) |
|
|
|
|
|
|
|
|
|
Total shareholders'
equity |
2,641,305 |
|
|
2,768,517 |
|
|
379,457 |
|
|
|
|
|
|
|
|
|
|
Total liabilities and
shareholders' equity |
4,287,641 |
|
|
4,411,250 |
|
|
604,612 |
|
|
|
|
|
|
|
|
|
|
⁷On 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. |
|
|
|
|
|
|
|
|
|
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$93) to the opening
accumulated deficit at the adoption date. |
|
|
|
|
|
|
|
|
|
Smart Share
Global Limited |
Unaudited
Consolidated Statements of Comprehensive
Income/(Loss) |
(In
thousands, except share and per share data, unless otherwise
noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, |
|
Nine months ended September 30, |
|
2022 |
|
2023 |
|
2022 |
|
2023 |
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
Mobile device charging |
809,160 |
|
|
564,193 |
|
|
77,329 |
|
|
2,225,814 |
|
|
2,403,516 |
|
|
329,429 |
|
Others |
5,804 |
|
|
49,273 |
|
|
6,753 |
|
|
16,756 |
|
|
68,511 |
|
|
9,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues |
814,964 |
|
|
613,466 |
|
|
84,082 |
|
|
2,242,570 |
|
|
2,472,027 |
|
|
338,819 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues |
(125,548 |
) |
|
(214,817 |
) |
|
(29,443 |
) |
|
(415,970 |
) |
|
(1,010,753 |
) |
|
(138,535 |
) |
Research and development expenses |
(24,281 |
) |
|
(23,799 |
) |
|
(3,262 |
) |
|
(75,090 |
) |
|
(63,894 |
) |
|
(8,757 |
) |
Sales and marketing expenses |
(752,534 |
) |
|
(298,216 |
) |
|
(40,874 |
) |
|
(2,077,131 |
) |
|
(1,258,640 |
) |
|
(172,511 |
) |
General and administrative expenses |
(29,421 |
) |
|
(37,094 |
) |
|
(5,084 |
) |
|
(85,255 |
) |
|
(94,982 |
) |
|
(13,018 |
) |
Other operating income/(loss) |
19,846 |
|
|
(5,532 |
) |
|
(758 |
) |
|
23,558 |
|
|
(11,967 |
) |
|
(1,640 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/income from operations |
(96,974 |
) |
|
34,008 |
|
|
4,661 |
|
|
(387,318 |
) |
|
31,791 |
|
|
4,358 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and investment income |
18,641 |
|
|
32,160 |
|
|
4,408 |
|
|
41,177 |
|
|
86,450 |
|
|
11,849 |
|
Interest expense to third parties |
(9,648 |
) |
|
- |
|
|
- |
|
|
(26,658 |
) |
|
(4,228 |
) |
|
(579 |
) |
Foreign exchange (loss)/gain, net |
(7,376 |
) |
|
4,299 |
|
|
589 |
|
|
(3,484 |
) |
|
(8,210 |
) |
|
(1,125 |
) |
Other loss, net |
(397 |
) |
|
(16 |
) |
|
(2 |
) |
|
(409 |
) |
|
(27 |
) |
|
(4 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/income before income tax expense |
(95,754 |
) |
|
70,451 |
|
|
9,656 |
|
|
(376,692 |
) |
|
105,776 |
|
|
14,499 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
- |
|
|
(20,442 |
) |
|
(2,802 |
) |
|
- |
|
|
(20,442 |
) |
|
(2,802 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net
(loss)/income |
(95,754 |
) |
|
50,009 |
|
|
6,854 |
|
|
(376,692 |
) |
|
85,334 |
|
|
11,697 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
(loss)/income attributable to ordinary shareholders of Smart Share
Global Limited |
(95,754 |
) |
|
50,009 |
|
|
6,854 |
|
|
(376,692 |
) |
|
85,334 |
|
|
11,697 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income/(loss) |
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustments, net of nil tax |
74,295 |
|
|
(12,332 |
) |
|
(1,690 |
) |
|
144,106 |
|
|
38,090 |
|
|
5,221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive (loss)/income |
(21,459 |
) |
|
37,677 |
|
|
5,164 |
|
|
(232,586 |
) |
|
123,424 |
|
|
16,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive (loss)/income attributable to ordinary
shareholders of Smart Share Global Limited |
(21,459 |
) |
|
37,677 |
|
|
5,164 |
|
|
(232,586 |
) |
|
123,424 |
|
|
16,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of ordinary shares used in
computing net (loss)/income per share |
|
|
|
|
|
|
|
|
|
|
|
-
basic |
519,010,018 |
|
|
520,075,932 |
|
|
520,075,932 |
|
|
518,199,085 |
|
|
519,795,778 |
|
|
519,795,778 |
|
-
diluted |
519,010,018 |
|
|
520,075,932 |
|
|
520,075,932 |
|
|
518,199,085 |
|
|
519,795,778 |
|
|
519,795,778 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
(loss)/income per share attributable to ordinary
shareholders |
|
|
|
|
|
|
|
|
|
|
|
-
basic |
(0.18 |
) |
|
0.10 |
|
|
0.01 |
|
|
(0.73 |
) |
|
0.16 |
|
|
0.02 |
|
-
diluted |
(0.18 |
) |
|
0.10 |
|
|
0.01 |
|
|
(0.73 |
) |
|
0.16 |
|
|
0.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
(loss)/income per ADS attributable to ordinary
shareholders |
|
|
|
|
|
|
|
|
|
|
|
-
basic |
(0.36 |
) |
|
0.20 |
|
|
0.02 |
|
|
(1.46 |
) |
|
0.32 |
|
|
0.04 |
|
-
diluted |
(0.36 |
) |
|
0.20 |
|
|
0.02 |
|
|
(1.46 |
) |
|
0.32 |
|
|
0.04 |
|
|
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 September 30, |
|
Nine months ended September 30, |
|
2022 |
|
2023 |
|
2022 |
|
2023 |
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss)/income |
(95,754 |
) |
|
50,009 |
|
6,854 |
|
(376,692 |
) |
|
85,334 |
|
11,697 |
Add: |
|
|
|
|
|
|
|
|
|
|
|
Share-based compensation |
7,116 |
|
|
5,205 |
|
713 |
|
20,868 |
|
|
17,030 |
|
2,334 |
Less: |
|
|
|
|
|
|
|
|
|
|
|
Adjusted for tax effects |
- |
|
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net (loss)/income (non-GAAP) |
(88,638 |
) |
|
55,214 |
|
7,567 |
|
(355,824 |
) |
|
102,364 |
|
14,031 |
|
|
|
|
|
|
|
|
|
|
|
|
______________________________
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 See the sections entitled “Non-GAAP Financial Measure” and
“Unaudited Reconciliation of GAAP and Non-GAAP Results” in this
press release for more information.
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 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.
6 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 September 30, 2023, which was RMB7.296 to
US$1.0000. The percentages stated in this press release are
calculated based on the RMB amounts.
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