Earnings release
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怪兽 充电 ENERGY MONSTER Smart Share Global Limited Announces First Quarter 2021 Results May 19 , 2021 Revenues increased 162.5 % year - over - year in the first quarter of 2021 Number of POIs¹ reached 716 thousand as of the end of the first quarter of 2021 SHANGHAI , China , May 19 , 2021 ( GLOBE NEWSWIRE ) -- Smart Share Global Limited ( " Energy Monster " or the " Company " ) , a consumer tech company providing mobile device charging service , today announced its unaudited financial results for the quarter ended March 31 , 2021 . HIGHLIGHTS FOR THE FIRST QUARTER OF 2021 • Revenues for the first quarter of 2021 were RMB846.9 million ( US $ 129.3 million² ) , an increase of 162.5 % from the first quarter of 2020 . • As of March 31 , 2021 , our services were available in 716 thousand POIs , compared with 664 thousand as of December 31 , 2020 . • As of March 31 , 2021 , our available - for - use power banks³ were 5.6 million , compared with 5.4 million as of December 31 , 2020 . • As of March 31 , 2021 , cumulative registered users reached 235.8 million , implying the acquisition of 16.4 million newly registered users during the quarter . • Income from operations for the first quarter of 2021 was RMB23.8 million ( US $ 3.6 million ) , compared to a loss from operations of RMB129.2 million for the same period last year . • Net income for the first quarter of 2021 was RMB15.1 million ( US $ 2.3 million ) , compared to a net loss of RMB137.5 million for the same period last year . Adjusted net income 5 for the first quarter of 2021 was RMB23.2 million ( US $ 3.5 million ) , compared to an adjusted net loss of RMB131.1 million in the same period last year . " We delivered solid results for the first quarter of 2021 as we continue executing our core strategies of expanding the coverage of our mobile device charging service and improving operational efficiency , " said Mars Guangyuan Cai , Chairman and Chief Executive Officer . " As of March 31 , 2021 , we had 5.6 million power banks in 716,000 POIs across more than 1,600 counties and county - level districts throughout China . We continue to expand our presence in both higher- and lower - tiered cities across China while maintaining our long - term philosophy of driving growth and profitability . We also continued investing in both software and hardware capabilities to cement our market leading position both in terms of scale and efficiency . " " Energy Monster is the leader within the industry in terms of efficiency , " said Peifeng Xu , Chief Operating Officer . " Our achievements are attributable to our relentless pursuit for operational excellence . For our business development employees and network partners , we made refinements to the incentive and management systems to enable us to continue expanding into POIs that generate positive economics . " " China's mobile device charging service industry is poised to grow at a rapid pace driven by the growing supply and demand , " said Maria Yi Xin , Chief Financial Officer . " Our core advantages in network scale , operational efficiency , brand and technologies have allowed us to differentiate ourselves within the industry . We believe by focusing on our core strategies , we can continue expanding each of these advantages to deliver long - term value for our users , partners and shareholders . " FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2021 Revenues were RMB846.9 million ( US $ 129.3 million ) , representing a 162.5 % increase from the same period in 2020. The increase was primarily due to the increase in revenues from mobile device charging business . • Revenues from mobile device charging business increased by 164.5 % to RMB816.8 million ( US $ 124.7 million ) in the first quarter of 2021 from RMB308.8 million in the same period of 2020. The increase was primarily on the back of the impact of COVID - 19 on the first quarter of 2020 and was also attributable to the increase in the number of POIs and available - for - use power banks . • Revenues from power bank sales increased by 129.2 % to RMB25.0 million ( US $ 3.8 million ) in the first quarter of 2021 from RMB10.9 million in the same period of 2020. The increase was primarily on the back of the impact of COVID - 19 on the first quarter of 2020 and was also attributable to the increase in the number of POIs and available - for - use power banks . • Revenues from other revenues , which mainly comprise of revenue from adverting services , increased by 71.5 % to RMB5.1 million ( US $ 0.8 million ) in the first quarter of 2021 from RMB3.0 million in the same period of 2020. The increase was primarily on the back of the impact of COVID - 19 on the first quarter of 2020 . Cost of revenues increased by 14.5 % to RMB124.6 million ( US $ 19.0 million ) for the first quarter of 2021 from RMB108.8 million in the same period