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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Smart Share Global
Smart Share Global (EM) investor relations material
Smart Share Global has been private
Smart Share Global Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2024 earnings summary6 Mar, 2025
Executive summary
Completed transition to network partner model, with 96.8% of POIs under this model as of September 30, 2024, up from 89.2% at June 30, 2024.
Cumulative registered users reached 430.2 million, with 13.1 million new users in Q3 2024.
Mobile device charging orders declined to 148.1 million in Q3 2024 from 176.5 million in Q3 2023.
Services available at 1,274,000 POIs and 9.5 million power banks in circulation as of quarter end.
Financial highlights
Q3 2024 revenue was RMB490.8 million ($69.9 million), down 20.0% year-over-year, mainly due to the shift away from the direct model.
Mobile device charging revenue fell 34.8% year-over-year to RMB367.9 million.
Network partner model revenue rose 10.7% year-over-year to RMB309.8 million, while direct model revenue dropped 79.6% to RMB58.0 million.
Other revenues, mainly from new business and advertising, surged 149.4% to RMB122.9 million.
Cost of revenues increased 38.5% year-over-year to RMB298.4 million, driven by new business initiatives and cabinet costs.
Net income for Q3 2024 was RMB4.2 million ($0.6 million), down from RMB49.0 million a year ago.
Non-GAAP adjusted net income was RMB9.2 million, compared to RMB54.2 million in Q3 2023.
Outlook and guidance
Management highlights ongoing strategic focus on the network partner model and new business initiatives.
Forward-looking statements note risks from competition, regulatory changes, and macroeconomic conditions.
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Latest events from Smart Share Global
- Returned to profitability in Q2 2024 as network partner model and new initiatives offset weak demand.EM
Q2 2024 - Revenue fell 51.7% as the network partner model expanded, but cash reserves remain strong.EMQ1 2024
- Q3 2024 revenue fell 20% year-over-year amid a completed shift to the network partner model.EMQ4 2024
Smart Share Global
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Frequently asked questions
Smart Share Global Limited, operating under the brand name Energy Monster, specializes in providing mobile device charging solutions. The company offers a network of convenient charging stations for smartphones, tablets, and other electronic devices in various locations such as shopping malls, transportation hubs, hotels, and entertainment venues. Smart Share Global aims to address the increasing demand for mobile device charging by deploying a large-scale infrastructure of charging points. The company is headquartered in Shanghai, China, and its shares are listed on the NASDAQ.