Smart Share Global reports Q2 EPS RMB0.05 vs. (RMB0.36) last year

Reports Q2 revenue RMB1B vs. RMB690.5M last year. “We are pleased with the positive recovery trend during the second quarter of 2023 both in terms of our revenue and profitability,” said Mars Guangyuan Cai, Chairman and Chief Executive Officer. “Our core strategies of coverage expansion and operational optimization remain central to our business philosophy, allowing us to achieve market-leading growth and operational leverage. With our competitive advantages in place, we are able to leverage our advantages in our network effect to more rapidly consolidate market share. Going into the rest of 2023, we remain positive that we can continue delivering positive values to our stakeholders.”