Earnings release
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怪兽 充电 ENERGY MONSTER Smart Share Global Limited Announces Second Quarter 2021 Results August 23 , 2021 Revenues increased 52.9 % year - over - year for the second quarter of 2021 Number of POIs¹ reached 771 thousand as of the end of the second quarter of 2021 SHANGHAI , China , Aug. 23 , 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 June 30 , 2021 . HIGHLIGHTS FOR THE SECOND QUARTER OF 2021 • Revenues for the second quarter of 2021 were RMB972.4 million ( US $ 150.6 million² ) , an increase of 52.9 % from the second quarter of 2020 . • As of June 30 , 2021 , our services were available in 771 thousand POIs , compared with 716 thousand as of March 31 , 2021 . • As of June 30 , 2021 , our available - for - use power banks³ were 6.0 million , compared with 5.6 million as of March 31 , 2021 . • As of June 30 , 2021 , cumulative registered users reached 255.1 million , with 19.4 million newly registered users acquired during the quarter . • Adjusted net income 5 for the second quarter of 2021 was RMB17.2 million ( US $ 2.7 million ) . " We are pleased to announce solid second quarter results with revenues growing 52.9 % year - over - year , which is above the upper end of our previous guidance range , despite the negative impact of COVID , " said Mars Guangyuan Cai , Chairman and Chief Executive Officer . " As a result of continued POI and power bank expansion , we were able to reinforce our leadership and grow our market share to 35.2 % within the mobile device charging service industry during the first half of 2021. " " Efficiency has always been the hallmark of Energy Monster that differentiated us from our peers , " said Peifeng Xu , Chief Operating Officer . " We continue to dynamically balance growth and operational efficiency based on market conditions . In the future , we believe the increase in our business development team and network partners in conjunction with our industry - leading efficiency will allow us to accelerate the advantages of the network effect . " " Looking into the third quarter , we continue to see headwinds that will impact what traditionally has been the peak quarter of the year , " said Maria Yi Xin , Chief Financial Officer . " Despite these challenges , we are committed to remaining focused on our long - term strategies of providing best - in - class services and value - propositions to our users , location partners , and network partners . By focusing on these strategies , we will be able to further distinguish ourselves from our industry peers and to deliver long - term value to our shareholders . " FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2021 Revenues were RMB972.4 million ( US $ 150.6 million ) for the second quarter of 2021 , representing a 52.9 % 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 51.6 % to RMB931.6 million ( US $ 144.3 million ) for the second quarter of 2021 from RMB614.5 million in the same period of 2020. The increase was primarily attributable to the increase in the number of POIs and available - for - use power banks . • Revenues from power bank sales increased by 83.2 % to RMB31.6 million ( US $ 4.9 million ) for the second quarter of 2021 from RMB17.2 million in the same period of 2020. The increase was primarily attributable to the increase in the number of POIs , available - for - use power banks and customers that select to purchase the power bank . • Revenues from other revenues , which mainly comprise of revenue from adverting services , increased by 111.1 % to RMB9.2 million ( US $ 1.4 million ) for the second quarter of 2021 from RMB4.4 million in the same period of 2020. The increase was primarily attributable to the increase in users and advertisement efficiency . Cost of revenues increased by 44.8 % to RMB138.7 million ( US $ 21.5 million ) for the second quarter of 2021 from RMB95.8 million in the same period last year . The increase of cost of revenues was primarily due to the increase in operational scale resulting in increases in maintenance cost , disposal cost and logistics expenses . Research and development expenses increased by 25.3 % to RMB20.5 million ( US $ 3.2 million ) for the second quarter of 2021 from RMB16.4 million in the same period last year . The increase was primarily due to the increase in personnel related expenses . Sales and marketing expenses increased by 64.6 % to RMB771.0 million ( US $ 119.4 million ) for the second quarter of 2021 from RMB468.4 million in the same period last year . The increase was primarily due to the increase in incentive fees paid to location partners and network partners from the increase in mobile device charging business revenues and the increase in personnel related expenses .