Smart Share Glb (NASDAQ: EM ) just reported results for the second quarter of 2024. Smart Share Glb reported earnings per share of 0.8 cent.
Smart Share Global Limited (NASDAQ:EM ) Q1 2024 Earnings Call Transcript June 3, 2024 5:00 PM 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 Operator Hello, and thank you for standing by for Energy Monster's First Quarter 2024 Earnings Conference Call. At this time, all participants are in listen only mode.
| Personal Care Products Industry | Consumer Staples Sector | Mars Guangyuan Cai CEO | XMIL Exchange | US83193E1029 ISIN |
| CN Country | 3,656 Employees | 14 Jun 2024 Last Dividend | - Last Split | - IPO Date |
Smart Share Global Limited, a notable consumer tech company, primarily offers mobile device charging solutions across the People's Republic of China. Launched in 2017 and with its headquarters nestled in Shanghai, this innovative enterprise caters to the ever-growing demand for easily accessible mobile charging options. By harnessing both online and offline networks, Smart Share Global Limited has positioned itself as a go-to service for individuals in need of power on the go. Its strategic partnerships with various points of interest (POIs), including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces, ensure that consumers can find reliable charging solutions conveniently placed where they are needed most.
At the core of its offerings, Smart Share Global provides an indispensable service for today's always-connected consumers - mobile device charging. Utilizing an extensive network of power banks deployed across various POIs, the company ensures that people on the move can easily access charging solutions, keeping their mobile devices powered up without disruption.
A significant aspect of Smart Share Global’s business model is its power bank rental service. Customers can rent power banks from conveniently located service points, addressing the need for portable charging solutions away from home or office. This service epitomizes the company's commitment to offering practical and user-friendly charging options.
Beyond charging services, Smart Share Global leverages its strategically placed charging solutions as a platform for advertising. By offering advertising opportunities on its power banks and through its networks, the company opens doors for brands looking to capitalize on the high visibility of these devices in public spaces.
In addition to its primary services, Smart Share Global expands its revenue streams through the sale of merchandise. Products related to mobile charging and technology accessories are sold directly to consumers via the company’s online platform or through a network of distributors. This not only diversifies its business but also enhances brand presence and customer engagement.