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

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

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Commercial Real Estate Sector - The commercial real estate sector is facing significant challenges due to elevated refinancing costs resulting from Federal Reserve rate hikes, leading to potential defaults as property values and rental incomes decline [1][2] - Regional banks, which account for 67% of all commercial real estate lending, are particularly vulnerable to the fallout from defaults in this $20 trillion sector [1] Recent Bank Performance - New York Community Bancorp's decision to cut its dividend and increase reserves resulted in a 38% drop in its stock price, reaching a 23-year low, while Aozora Bank also experienced a significant decline of over 20% due to warnings about U.S. commercial property losses [2] Interest Rate Outlook - The commercial real estate sector urgently requires substantial interest rate cuts, but the current economic conditions suggest that the Federal Reserve is unlikely to make significant cuts in the near future [3][4] - Wall Street had previously anticipated rate cuts by March, but recent statements from Federal Reserve Chairman Jerome Powell indicate that such cuts are not forthcoming [3][4] Institutional Investor Behavior - Institutional investors have recently engaged in significant selling, marking the largest outflow from single stocks since 2015, with a focus on technology and discretionary stocks [5] - There is a notable shift in capital flows towards emerging market stocks, with a recorded inflow of $6.8 billion into these markets, particularly driven by China [6][7] Emerging Markets Valuation - Emerging markets are presenting more attractive valuations compared to U.S. stocks, with CAPE ratios significantly lower than that of the U.S., which stands at 31 [7] - The potential for a weakening dollar as the Fed cuts rates could further benefit emerging market stocks, making them an appealing investment option [7] Global Trade and Shipping Concerns - Ongoing conflicts in the Red Sea, particularly attacks by Houthi militants, are causing disruptions in trade routes and increasing shipping costs, which could have broader implications for consumer prices in the U.S. [10][11] - The National Retail Federation has reported a doubling of container prices, indicating a significant cost increase for affected cargo [11] Local Economic Impact - New York's congestion pricing plan is set to impose additional financial burdens on families, with daily driving taxes potentially reaching nearly $4,000 annually, reflecting the broader impact of inflation on everyday life [13][14]

Core Points - Smart Share Global Limited, also known as Energy Monster, has received approval from Nasdaq to transfer its listing from the Nasdaq Global Select Market to the Nasdaq Capital Market, effective December 22, 2023 [1] - The transfer follows a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as the closing bid price of the American depositary shares (ADSs) had been below US$1.00 for 30 consecutive business days [2] - Nasdaq has granted the company an additional 180-day period until June 17, 2024, to regain compliance with the minimum bid price requirement [3] Company Overview - Smart Share Global Limited is the largest provider of mobile device charging services in China, holding the number one market share [5] - The company operates a network of power banks available at various points of interest (POIs) such as entertainment venues, restaurants, and public spaces, with 8.7 million power banks deployed across 1,189,000 POIs in over 2,000 counties as of September 30, 2023 [5]

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

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

Smart Share Global Limited (NASDAQ:EM) Q2 2023 Earnings Conference Call August 21, 2023 8:00 AM ET Company Participants Hansen Shi - Director of Investor Relations Mars Cai - Chairman and Chief Executive Officer Maria Xin - Chief Financial Officer Conference Call Participants Vicky Wei - Citi Charlie Chen - China Renaissance Weiting Tang - Goldman Sachs Operator Hello, and thank you for standing by for Energy Monster's 2023 Second Quarter Earnings Conference Call. At this time, all participants are in liste ...

Exhibit 99.1 Smart Share Global Limited Announces Second Quarter 2023 Results Net income reached RMB24.5 million for the second quarter of 2023 POIs operated under network partner model reached 62.0% as of the end of the second quarter of 2023 Number of POIs reached 1.1 million as of the end of the second quarter of 2023 SHANGHAI, China, August 21, 2023 (GLOBE NEWSWIRE) -- Smart Share Global Limited (Nasdaq: EM) ("Energy Monster" or the "Company"), a consumer tech company providing mobile device charging se ...

Smart Share Global Limited (NASDAQ:EM) Q1 2023 Earnings Conference Call June 20, 2023 8:00 AM ET Company Participants Hansen Shi - Director, Investor Relations Mars Cai - Chairman and Chief Executive Officer Maria Xin - Chief Financial Officer Conference Call Participants Vicky Wei - Citi Violet Yi - China Renaissance Operator Hello and thank you for standing by for Energy Monster’s 2023 First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Today's conference is b ...