Core Viewpoint - Smart Share Global Limited, also known as Energy Monster, has received a preliminary non-binding proposal from Trustar Mobile Charging Holdings Limited and its affiliates to acquire all outstanding ordinary shares of the company at a price of US$0.625 per share, representing a significant premium over recent trading prices [1][9]. Company Overview - Smart Share Global Limited is a leading consumer tech company in China, specializing in mobile device charging services, with the largest market share in this sector [4]. - The company operates a network of power banks available at various points of interest (POIs) across China, with 9.5 million power banks deployed in over 1.26 million POIs as of June 30, 2024 [4]. Proposal Details - The proposed acquisition price of US$0.625 per ordinary share represents a 74.8% premium to the closing price on the last trading day before the proposal and a premium of 68.1% and 70.1% to the volume-weighted average price over the last 30 and 60 trading days, respectively [1][9]. - The consortium proposing the acquisition holds approximately 16.9% of the total issued shares, equating to 64.0% of the voting power of the company [9]. Special Committee Formation - The company's board has established a special committee consisting of three independent directors to evaluate the acquisition proposal [2]. - The special committee will engage independent financial and legal advisors to assist in the evaluation process [2]. Funding and Closing Certainty - The consortium intends to finance the acquisition through a combination of equity and debt capital, with commitments already indicated by major banks for the required funding [10]. - The consortium expresses confidence in the closing certainty of the acquisition and aims to expedite the negotiation and completion of definitive agreements [10].

Core Insights - Smart Share Glb reported earnings per share of 0.8 cent for the second quarter of 2024 [1] - The company achieved revenue of $63.70 million during the same period [1] Financial Performance - Earnings per share: 0.8 cent [1] - Revenue: $63.70 million [1]

Financial Data and Key Metrics Changes - The company reported a net income of RMB9 million for Q2 2024, marking a return to GAAP profitability after a challenging consumption environment [6][28] - Revenues for Q2 2024 were RMB462.9 million, representing a 55.3% year-over-year decrease [25] - Gross profit decreased by 33.7% year-over-year to RMB243.3 million, with operating expenses down 29.5% year-over-year [27][28] - Non-GAAP net income was RMB15.2 million, compared to RMB30.1 million in the same period last year [29] Business Line Data and Key Metrics Changes - Mobile device charging revenues accounted for 88.7% of total revenues, with direct model revenues down 60.7% year-over-year to RMB118.1 million [25][26] - Revenues from the network partner model decreased by 59.7% to RMB292.5 million, primarily due to a one-time adjustment in mobile device charging revenues [26] - Other revenues grew by 453.7% year-over-year to RMB52.3 million, driven by new business initiatives [26] Market Data and Key Metrics Changes - The company observed a year-over-year decrease in GMV for mobile device charging services due to weaker consumer confidence and spending [7][8] - The contribution from lower-tier cities continued to drive network expansion, with POI count in these areas increasing by over 20% year-over-year [8][10] - The company expanded its POI coverage to a record high of 1.27 million, with a cumulative registered user base of over 417.1 million, an increase of 12.8 million users [10][11] Company Strategy and Development Direction - The company is transitioning towards a network partner model, with 89.2% of POIs operated under this model by the end of Q2 2024, up from 62% a year ago [14] - The focus for the remainder of 2024 will be on expanding the network partner model while optimizing the direct model for high-tier cities [18][22] - The company is exploring opportunities beyond China to diversify operations and leverage its capabilities in international markets [18][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging consumption environment in China, with no definitive signs of recovery as of the end of Q2 2024 [31][32] - There is confidence in the long-term recovery of consumer spending, with a focus on operational scale and efficiency [22][32] - The company is optimistic about the potential of new initiatives in renewable energy and international expansion as future growth drivers [24][32] Other Important Information - Cash and cash equivalents stood at RMB3.2 billion as of June 30, 2024, providing financial stability for future growth initiatives [29] - The company is committed to innovation, focusing on developing new hardware with improved durability and user experience [20][21] Q&A Session Summary Question: Progress of the second half of the year and margin outlook - Management noted that the market remains challenging with no clear rebound, but other initiatives are trending positively and could drive long-term growth [31][32] - The renewable energy initiative is at a break-even point, with expected margins of 8% to 10% gross margin and 3% to 5% net margin in the future [33] Question: Equilibrium for direct and partner model - The majority of GMV is expected to come from the network partner model, with a rough estimate of 5% to 10% from the direct model by the end of the year [36] - The KAs team will work closely with the network partner team to expand key account penetration, ensuring service quality remains unchanged [37][38]

Financial Data and Key Metrics Changes - For Q1 2024, revenues were RMB397.2 million, representing a 51.7% year-over-year decrease [26] - Mobile device charging revenues accounted for RMB378.1 million, or 95.2% of total revenues, with a decline of 45.1% year-over-year [26] - Net loss was RMB0.3 million in Q1 2024 compared to a net income of RMB10.8 million in the same period last year [30] Business Line Data and Key Metrics Changes - Revenues from the direct model were RMB155.2 million, down 45.1% year-over-year, primarily due to a decrease in the number of POIs operated under this model [26] - Revenues from the network partner model were RMB222.9 million, down 58% year-over-year, attributed to changes in contractual arrangements [27] - Other revenues increased by 95.4% year-over-year to RMB19.1 million, driven by new business initiatives and improved advertisement efficiency [28] Market Data and Key Metrics Changes - GMV showed a slight year-over-year increase, with a 23% increase during the 2024 Chinese New Year holiday compared to the previous year [6] - First and second-tier cities experienced a slight decline in GMV, while lower-tier cities saw a 4% year-over-year increase [7] - POIs in transportation, healthcare, popular locations, and education segments showed significant growth, with increases of 42%, 30%, 27%, and 23% respectively [7] Company Strategy and Development Direction - The company is transitioning to a network partner model while maintaining its core direct model, aiming for operational efficiency and profitability [9][14] - The focus remains on expanding the POI network and enhancing service availability across diverse regions [12][20] - New initiatives in the renewable sector are being explored to leverage competitive advantages in distribution channels and technology [22] Management's Comments on Operating Environment and Future Outlook - Management noted a stable performance despite a softer consumption environment, with optimism about the recovery of consumer activities [10][23] - The company is committed to delivering sustainable value and is optimistic about the future of mobile device charging services in China [24] - Management highlighted the importance of balancing the transition between direct and network partner models to optimize financial health [38] Other Important Information - The company achieved five consecutive quarters of non-GAAP profitability since the pandemic [10] - Cash and cash equivalents stood at RMB3.3 billion as of March 31, 2024, providing financial stability for future growth [30] Q&A Session Summary Question: Outlook for GMV growth and profitability in the next quarter - Management indicated that while the environment was weak, there are fluctuations in consumption and traffic, with no specific guidance provided [34] Question: Benefits of the transition to the network partner model - The network partner model is seen as economically advantageous and increases overall coverage, while the direct model helps acquire key accounts [37] Question: New initiatives and their financial impact - Management is exploring opportunities in the renewable energy sector, with potential contributions expected in the second half of the year [39]

Core Insights - Smart Share Global Limited, also known as Energy Monster, reported a significant decrease in revenues for the first quarter of 2024, primarily due to changes in its contractual arrangements with network partners [8][9][10]. Operational Highlights - As of March 31, 2024, 79.7% of Points of Interest (POIs) were operated under the network partner model, an increase from 72.8% as of December 31, 2023 [2]. - The company had 1,245 thousand POIs available, up from 1,234 thousand at the end of 2023 [2]. - The number of available power banks reached 9.4 million, an increase from 9.2 million at the end of 2023 [2]. - Cumulative registered users reached 404.3 million, with 12.8 million new users registered during the quarter [2]. Financial Performance - Total revenues for Q1 2024 were RMB 397.2 million (approximately US$ 55.0 million), representing a 51.7% decrease from the same period in 2023 [8]. - Mobile device charging revenues decreased by 53.5% to RMB 378.1 million (approximately US$ 52.4 million) compared to RMB 813.0 million in Q1 2023 [9]. - Revenues from the direct model decreased by 45.1% to RMB 155.2 million, while revenues from the network partner model decreased by 58.0% to RMB 222.9 million [9]. - Other revenues, primarily from advertising services and new business initiatives, increased by 95.4% to RMB 19.1 million [10]. Cost and Expenses - Cost of revenues increased by 31.7% to RMB 167.7 million [10]. - Research and development expenses decreased by 8.3% to RMB 19.7 million [11]. - Sales and marketing expenses saw a significant decrease of 69.3% to RMB 204.5 million, primarily due to reduced incentive fees paid to network partners [11]. Loss and Net Income - The company reported a loss from operations of RMB 22.8 million for Q1 2024, compared to a loss of RMB 15.8 million in the same period last year [12]. - Net loss for the quarter was RMB 0.3 million, a decline from a net income of RMB 10.8 million in Q1 2023 [12]. - Adjusted net income for Q1 2024 was RMB 3.8 million, down from RMB 17.1 million in the same period last year [12]. Cash Position - As of March 31, 2024, the company had cash and cash equivalents, restricted cash, and short-term investments totaling RMB 3.3 billion (approximately US$ 454.1 million) [13].

Group 1 - Smart Share Global Limited, also known as Energy Monster, plans to release its unaudited first quarter 2024 financial results on June 3, 2024, before the U.S. market opens [1] - The management will hold a conference call at 8:00 A.M. Eastern Time on the same day to discuss the financial results, with registration required for dial-in details [1] - The company is the largest provider of mobile device charging services in China, holding the number one market share [1] Group 2 - As of December 31, 2023, Energy Monster had 9.2 million power banks in 1,234,000 points of interest (POIs) across more than 2,000 counties and county-level districts in China [1] - The service allows users to access power banks by scanning QR codes on Energy Monster's cabinets, which are located in various public spaces [1]

Core Viewpoint - Smart Share Global Limited has regained compliance with Nasdaq's minimum bid price requirement, indicating a positive turnaround for the company's stock performance [1][3]. Group 1: Compliance Notification - The company received a Compliance Notification from Nasdaq on May 22, 2024, confirming it has met the minimum bid price requirement of US$1.00 per share [1][3]. - Previously, the company was notified on June 22, 2023, that it was not in compliance due to its American Depositary Shares (ADSs) closing bid price being below US$1.00 for 30 consecutive business days [2]. - The company was initially given 180 calendar days to regain compliance, which was later extended for another 180 days until June 17, 2024 [2]. Group 2: Stock Performance - Nasdaq confirmed that the closing bid price of the company's ADSs was at or above US$1.00 for ten consecutive business days from May 8, 2024, to May 21, 2024 [3]. - The matter regarding compliance is now considered closed following this confirmation [3]. Group 3: Company Overview - Smart Share Global Limited, also known as Energy Monster, is the largest provider of mobile device charging services in China, holding the number one market share [4]. - The company operates a network of power banks available in various points of interest (POIs) such as entertainment venues, restaurants, and public spaces, with 9.2 million power banks deployed across 1,234,000 POIs in over 2,000 counties as of December 31, 2023 [4].

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 ...