Smart Share Global Second Quarter 2024 Earnings: EPS: CN¥0.036 (vs CN¥0.094 in 2Q 2023)

Smart Share Global (NASDAQ:EM) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥462.9m (down 55% from 2Q 2023).
• Net income: CN¥9.18m (down 63% from 2Q 2023).
• Profit margin: 2.0% (down from 2.4% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.036 (down from CN¥0.094 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Smart Share Global Earnings Insights

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are up 1.0% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Smart Share Global's balance sheet health.

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