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energy monster(EM) - 2023 Q2 - Earnings Call Transcript
2023-08-21 18:44
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 ...
energy monster(EM) - 2023 Q2 - Quarterly Report
2023-08-20 16:00
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 ...
energy monster(EM) - 2023 Q1 - Earnings Call Transcript
2023-06-20 14:22
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 ...
energy monster(EM) - 2022 Q4 - Annual Report
2023-04-27 16:00
[Introduction to Form 6-K Submission](index=1&type=section&id=Introduction%20to%20Form%206-K%20Submission) This section details the purpose of the Form 6-K submission and the company's identification as a Commission-Identified Issuer under the HFCAA [Purpose of Submission](index=2&type=section&id=Purpose%20of%20Submission) This Form 6-K serves as a supplemental submission by Smart Share Global Limited, fulfilling the requirements of Item 16I(a) of Form 20-F concerning the Holding Foreign Companies Accountable Act (HFCAA) - The Company is submitting information required under Item 16I(a) of Form 20-F in relation to the Holding Foreign Companies Accountable Act (HFCAA)[2](index=2&type=chunk) [HFCAA Background and Identification](index=2&type=section&id=HFCAA%20Background%20and%20Identification) Smart Share Global Limited was conclusively identified as a Commission-Identified Issuer under the HFCAA on May 26, 2022, due to its 2021 annual report being audited by a firm in mainland China - Smart Share Global Limited was identified as a Commission-Identified Issuer by the SEC on May 26, 2022, under the HFCAA[3](index=3&type=chunk) - The identification was based on the audit report for the year ended December 31, 2021, issued by PricewaterhouseCoopers Zhong Tian LLP, a firm headquartered in mainland China[3](index=3&type=chunk) - The PCAOB had previously been unable to inspect or investigate completely registered public accounting firms headquartered in mainland China until December 2022[3](index=3&type=chunk) [Assessment of Governmental Control](index=2&type=section&id=Assessment%20of%20Governmental%20Control) This section presents the company's assessment of governmental control, detailing major shareholders and concluding on the absence of mainland China governmental influence [Company's Stance on Control](index=2&type=section&id=Company%27s%20Stance%20on%20Control) Based on its internal examination and public filings, Smart Share Global Limited asserts its belief that it is not owned or controlled by a governmental entity in mainland China - The Company believes it is not owned or controlled by a governmental entity in mainland China[4](index=4&type=chunk) [Major Shareholder Breakdown](index=2&type=section&id=Major%20Shareholder%20Breakdown) This section details the major shareholders holding over 5% of outstanding shares as of March 31, 2023, none identified as governmental entities Major Shareholders (>5% Outstanding Shares) as of March 31, 2023 | Shareholder | % Outstanding Shares | % Total Voting Power | Controlling Entity/Individual | | :-------------------------------- | :------------------- | :------------------- | :-------------------------------- | | Smart Share Holdings Limited | 8.4% | 33.5% | Mr. Mars Guangyuan Cai | | Super June Limited | 5.9% | 23.4% | Mr. Peifeng Xu | | Taobao China Holding Limited | 14.7% | 6.4% | Alibaba Group Holding Limited | | Hillhouse entities | 12.1% | 5.3% | HIM & HHLR Advisors, Ltd. (common control) | | Xiaomi entities | 9.0% | 4.0% | Xiaomi Corporation | | Shunwei entities | 8.1% | 3.5% | Mr. Tuck Lye Koh (via Silver Unicorn Ventures Limited) | | China Ventures Fund I Pte. Ltd. | 6.9% | 3.0% | Softbank Group Corp. | | Beautyworks Investment Limited | 6.6% | 2.9% | Advantech Capital L.P. | | Sky9 Capital entities | 5.2% | 2.3% | Mr. Ronald Cao (via Sky9 Capital Fund III GP Ltd. & Sky9 Capital MVP Fund GP Ltd.) | [Smart Share Holdings Limited](index=2&type=section&id=Smart%20Share%20Holdings%20Limited) This section outlines the ownership and voting power of Smart Share Holdings Limited, controlled by Mr. Mars Guangyuan Cai - Smart Share Holdings Limited holds **8.4%** of outstanding shares and **33.5%** of voting power, wholly owned by Mr. Mars Guangyuan Cai[4](index=4&type=chunk) [Super June Limited](index=2&type=section&id=Super%20June%20Limited) This section details the ownership and voting power of Super June Limited, controlled by Mr. Peifeng Xu - Super June Limited holds **5.9%** of outstanding shares and **23.4%** of voting power, wholly owned by Mr. Peifeng Xu[5](index=5&type=chunk) [Taobao China Holding Limited](index=2&type=section&id=Taobao%20China%20Holding%20Limited) This section presents the ownership and voting power of Taobao China Holding Limited, a subsidiary of Alibaba Group Holding Limited - Taobao China Holding Limited holds **14.7%** of outstanding shares and **6.4%** of voting power, wholly owned by Alibaba Group Holding Limited (NYSE: BABA, HKEx: 9988)[5](index=5&type=chunk) [Hillhouse Entities](index=2&type=section&id=Hillhouse%20Entities) This section outlines the collective ownership and voting power of Hillhouse entities through managed funds - Hillhouse Investment Management, Ltd. (HIM) and HHLR Advisors, Ltd. (HHLR) collectively hold **12.1%** of outstanding shares and **5.3%** of voting power through managed funds, operating under common control[6](index=6&type=chunk) [Xiaomi Entities](index=3&type=section&id=Xiaomi%20Entities) This section details the collective ownership and voting power of Xiaomi entities, controlled by Xiaomi Corporation - People Better Limited, Green Better Limited, and ZMI (HONGKONG) INTERNATIONAL COMPANY LIMITED collectively hold **9.0%** of outstanding shares and **4.0%** of voting power, controlled by Xiaomi Corporation (HKEx: 1810)[7](index=7&type=chunk) [Shunwei Entities](index=3&type=section&id=Shunwei%20Entities) This section outlines the collective ownership and voting power of Shunwei entities, controlled by Mr. Tuck Lye Koh - Shunwei Angels III Limited and Astrend Opportunity III Alpha Limited collectively hold **8.1%** of outstanding shares and **3.5%** of voting power, controlled by Mr. Tuck Lye Koh[8](index=8&type=chunk) [China Ventures Fund I Pte. Ltd.](index=3&type=section&id=China%20Ventures%20Fund%20I%20Pte.%20Ltd.) This section details the ownership and voting power of China Ventures Fund I Pte. Ltd., a Softbank Group Corp. entity - China Ventures Fund I Pte. Ltd. holds **6.9%** of outstanding shares and **3.0%** of voting power, wholly owned by Softbank Group Corp., with Mr. Masayoshi Son as its largest shareholder[9](index=9&type=chunk) [Beautyworks Investment Limited](index=3&type=section&id=Beautyworks%20Investment%20Limited) This section outlines the ownership and voting power of Beautyworks Investment Limited, ultimately controlled by Advantech Capital L.P. - Beautyworks Investment Limited holds **6.6%** of outstanding shares and **2.9%** of voting power, wholly owned by Advantech Master Investment Limited, which is wholly owned by Advantech Capital L.P.[9](index=9&type=chunk) [Sky9 Capital Entities](index=3&type=section&id=Sky9%20Capital%20Entities) This section details the collective ownership and voting power of Sky9 Capital entities, controlled by Mr. Ronald Cao - Sky9 Capital Fund III, L.P. and Sky9 Capital MVP Fund, L.P. collectively hold **5.2%** of outstanding shares and **2.3%** of voting power, controlled by Mr. Ronald Cao through their respective general partners[10](index=10&type=chunk) [Conclusion on Governmental Influence](index=3&type=section&id=Conclusion%20on%20Governmental%20Influence) The Company explicitly states that it is unaware of any governmental entity in mainland China possessing direct or indirect power to direct or influence its management and policies, whether through ownership, contract, or other means - The Company is not aware of any governmental entity in mainland China with direct or indirect power to direct or cause the direction of its management and policies[11](index=11&type=chunk) [Signatures](index=4&type=section&id=Signatures) This section provides details of the authorized signatory for the Form 6-K submission - The report was signed by Maria Yi Xin, Chief Financial Officer, on behalf of Smart Share Global Limited on April 28, 2023[12](index=12&type=chunk)
energy monster(EM) - 2022 Q4 - Annual Report
2023-04-27 16:00
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, 2022 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 ...
energy monster(EM) - 2022 Q4 - Earnings Call Transcript
2023-04-21 17:24
Smart Share Global Limited (NASDAQ:EM) Q4 2022 Earnings Conference Call April 21, 2023 8:00 AM ET Company Participants Hansen Shi - Director of IR Mars Cai - Chairman and CEO Maria Xin - CFO Conference Call Participants Vicky Wei - Citi Charlie Chen - China Renaissance Operator Hello and thank you for standing-by for Energy Monsters 2022 Fourth Quarter and Fiscal Year 2022 Earnings Conference Call. At this time, all participants are in listen-only mode. Today's conference is being recorded. If you have any ...
energy monster(EM) - 2023 Q1 - Quarterly Report
2023-04-20 16:00
Exhibit 99.1 Smart Share Global Limited Announces Fourth Quarter and Fiscal Year 2022 Results Number of POIs reached 997 thousand as of the end of the fourth quarter of 2022 POIs operated through network partner model reached 52.5% as of the end of the fourth quarter of 2022 SHANGHAI, China, April 21, 2023 (GLOBE NEWSWIRE) -- 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 r ...
energy monster(EM) - 2022 Q3 - Earnings Call Transcript
2022-12-20 16:13
Smart Share Global Limited (NASDAQ:EM) Q3 2022 Earnings Conference Call December 20, 2022 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 Operator Hello, and thank you for standing by for Energy Monster’s 2022 Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Today’s conference is being recorded. [Operator Instructions] I ...
energy monster(EM) - 2022 Q2 - Earnings Call Transcript
2022-09-08 14:29
Smart Share Global Limited (NASDAQ:EM) Q2 2022 Earnings Conference Call September 8, 2022 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 Charlie Chen - China Renaissance Vicky Wei - Citigroup Operator Thank you for standing by. Welcome to the Energy Monster’s Second Quarter 2022 Earnings Conference Call. All participants are in a listen-only mode. There will be a pres ...
energy monster(EM) - 2022 Q1 - Earnings Call Transcript
2022-06-15 13:51
Financial Data and Key Metrics Changes - For Q1 2022, revenues were 737.1 million RMB, representing a 13% year-over-year decrease [23] - Revenues from the mobile device charging business decreased by 12.1% to 717.7 million RMB, accounting for 97.4% of total revenues [23] - Gross profit fell by 15.6% year-over-year to 609.5 million RMB, primarily due to decreased revenues [24] - Net loss was 96.4 million RMB, with a net margin of negative 13.1% [25] Business Line Data and Key Metrics Changes - Revenues from power bank sales decreased by 48.3% year-over-year to 12.9 million RMB, accounting for 1.8% of total revenues [23] - Other revenues increased by 25.5% year-over-year to 6.4 million RMB, attributed to user growth and new business initiatives [23] Market Data and Key Metrics Changes - Same-store revenue decreased by approximately 35% year-over-year due to reduced food traffic from COVID-19 outbreaks [8][34] - In Shanghai, revenue decreased by an average of 93% from mid-March to May 2022 due to lockdowns [20][34] Company Strategy and Development Direction - The company aims to expand its Point of Interest (POI) network, which reached 851,000, increasing by over 20% year-over-year [8] - The strategy includes leveraging both direct operation and network partner models to enhance market presence and efficiency [10][12] - Continuous innovation in service offerings and operational efficiency is a priority to maintain competitive advantage [19][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by COVID-19, particularly in Q1 and Q2 2022, but expressed confidence in long-term market recovery [20][21] - The company noted that regions recovering from COVID impacts typically return to normalized levels within one to two months [9][21] Other Important Information - As of March 31, 2022, the company had cash and cash equivalents of 2.8 billion RMB [26] - The company expects to generate revenues between 660 million to 690 million RMB for Q2 2022, reflecting current industry conditions [26] Q&A Session Summary Question: Can management elaborate on the synergy between the direct and network partner models? - Management explained that both models are crucial for service network expansion, with direct operations focusing on higher-tier cities and network partners on lower-tier ones. They are exploring the use of both models in all regions to enhance growth [28][30] Question: Can management provide insights on monthly performance in Q2 and changes in merchant categories? - Management indicated that the second quarter has been more challenging than the first, with significant revenue drops in Shanghai due to COVID. However, recovery trends have started to emerge in June [33][34] Question: What insights can management provide on the competitive environment and incentive fee rates? - Management noted a decline in competition as peers scale down operations, which has benefited the company. The incentive fee rates are decreasing as a percentage of revenue, positively impacting financials [38][40]