Smart Share Global Ltd
Smart Share Global Ltd, also known as Energy Monster, operates a shared mobile-device charging network in China. Its business centers on placing power banks in partner locations such as restaurants, shopping centers, hotels, transportation hubs, and other public venues, where users rent them through QR-code-enabled cabinets.
Tilikausi 2024 · muutos edellisvuodesta
Kehitys 2019–2024
Liiketoiminta
Osuus liikevaihdostaRental access to power banks placed in public venues for on-the-go device charging.
Deployment and operation of charging cabinets and related network infrastructure.
Services tied to installing and maintaining charging points for location partners.
Tuotteet
Raportoitu · osuus liikevaihdosta- Power Banks Cabinets and Other Related Assets Sales41,3 %
- Electricity Generation25,3 %
- Mobile Charging Service18,6 %
- Mobile Charging Solution13,2 %
- Services and other1,6 %
Lähde: 20-F FY2024, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
The core customers are individual consumers who need short-term mobile charging access away from home or work. The service is used in high-footfall locations where convenience matters, and access is triggered by scanning the cabinet QR code. Venue operators and location partners are also important counterparties because they host the cabinets and enable network reach.
Individuals renting power banks for short-duration phone charging in public places.
Businesses that host charging cabinets in exchange for traffic-related benefits or revenue-sharing arrangements.
Airports, rail stations, and transportation hubs that support usage from mobile consumers in transit.
Restaurants, shopping centers, hotels, and entertainment venues that attract high-frequency users.
Strategia
The business strategy is built around expanding venue coverage, maintaining a large installed base of power banks, and sustaining a dense network of partner locations. Scale matters because the service is most valuable when users can find a cabinet quickly in places where they need short-duration charging.
Higher cabinet coverage improves convenience, utilization, and consumer reach.
Hosting locations are essential to distribution and customer access.
The QR-code model lowers friction and enables scalable network use.
Maantiede
The company’s operating footprint is concentrated in China, where it reports a network spanning more than 2,200 counties and county-level districts. Its model depends on dense coverage in high-traffic urban and suburban venues, so geographic scale and local partner density are central to usage and service availability.
Riskit
The company is exposed to reliance on a single-country operating base, high dependence on consumer foot traffic, and the economics of partner-site placement. It also faces regulatory and listing-related risks reflected in recent compliance notices, while the broader category is vulnerable to changes in consumer behavior, competition for venue access, and technology substitution.
- China market concentrationVaikutus: KorkeaTodennäköisyys: Korkea
The business and operating network are concentrated in one country, increasing sensitivity to local regulation and consumer trends.
Kohdistuu: Domestic consumer demand and operating rules in China
- Foot-traffic dependenceVaikutus: KorkeaTodennäköisyys: Korkea
Revenue depends on consumer visits to restaurants, malls, hotels, and transit hubs where cabinets are installed.
Kohdistuu - Regulatory and listing complianceVaikutus: KorkeaTodennäköisyys: Kohtalainen
Recent disclosure shows risk tied to timely filing requirements and continued exchange listing status.
Kohdistuu: Nasdaq continued listing compliance
- Partner-site concentration and renewalsVaikutus: KeskitasoTodennäköisyys: Korkea
The company needs access to high-quality locations to maintain network density and user convenience.
Kohdistuu: Venue hosting agreements and revenue-sharing terms
- Substitution and competitionVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Alternative charging solutions and rival networks can reduce usage or weaken pricing power.
Kohdistuu: Consumer charging alternatives and cabinet placement competition
Kirjanpito
Harkinnanvaraiset erätThe company earns fees from short-term power bank rentals, so timing and measurement of service delivery affect reported revenue.
Vaikutus: Rental revenue and period comparability
Revenue-sharing or hosting arrangements with venue partners may affect whether amounts are recorded gross or net.
Vaikutus: Reported revenue scale and margins
A large installed base of cabinets and power banks requires capitalized asset accounting and periodic impairment assessment.
Vaikutus: Operating expense and asset values
Placement sites may involve lease-like or contractual rights that affect balance sheet recognition and expense timing.
Vaikutus: Right-of-use assets, liabilities, and rent expense
Samankaltaisia listattuja yhtiöitä
Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.
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Päivitetty: 28.9.2026