China’s largest provider of mobile charging devices Smart Share Global Limited (“Energy Monster”) released on Monday its unaudited financial report for the second quarter ending June 30, 2021. This quarter’s net profit totals about $1.3 million while the adjusted net profit is about $2.7 million. The company has made money for each of the last five consecutive quarters.
According to the report, the operating income of Energy Monster in the second quarter was about $150.6 million, up 52.9% year-on-year. The firm’s three main businesses – power bank sharing, power bank sales and advertising services – developed simultaneously and contributed $144.3 million, $4.9 million, and $1.4 million in revenue respectively, meaning that each was up 51.6%, 83.2% and 111.1% compared with the same period last year.
While maintaining business scale expansion and revenue growth, Energy Monster has achieved profitability for five consecutive quarters.
According to the report, as of June 30 this year, there were 771,000 points of interests (POIs) and 6 million online shared charging treasures for the company’s charging devices in China. In the second quarter, there were 19.4 million newly registered users for Energy Monster, setting a record high in a single quarter. By the end of the second quarter, the cumulative number of registered users of Energy Monster reached 255.1 million.
Cai Guangyuan, CEO of Smart Share Global Limited, said: “We are pleased to announce that Energy Monster has achieved excellent results in the second quarter. Despite the impact of the pandemic, total revenue has exceeded our expectations. By strengthening the coverage of high-quality POIs, we have consolidated our leading position in the industry. According to the report of third-party research institutions, in the first half of 2021, our market share in China’s mobile device charging service industry increased to 35.2%.”