Smart Share Global Ltd. Sponsored Adr (EM) has released an update.
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Smart Share Global Limited, known for their mobile device charging service ‘Energy Monster’, has reported a triumphant fiscal year 2023 with a net income of RMB 87.7 million, a significant recovery from the previous year’s net loss. The company saw a substantial 32.8% year-over-year increase in mobile device charging orders for Q4, as well as an expanded service network, now boasting 1,234 thousand points of interest. The growth trajectory, underpinned by a strategic mix of direct and network partner business models, suggests a promising outlook for 2024.
For further insights into EM stock, check out TipRanks’ Stock Analysis page.
