EM Smart Share Global Ltd

Overview and Growth

In fiscal 2024, Smart Share Global Ltd recorded $259.53M of revenue, net loss of $1.85M, and an operating cash outflow of $28.18M. The $259.53M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 37.7% from $416.72M in fiscal 2023; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were $0.00, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS decreased by 100.0% from $0.02 in fiscal 2023, showing how the earnings change reached shareholders on a per-share basis. The company employed $565.47M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.46x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $110.10M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 42.4% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced a $9.75M operating loss before non-operating and tax effects. The operating loss equaled 3.8% of revenue, showing the scale of the operating deficit relative to sales. The company ended the period with a net loss of $1.85M, extending the operating result through all remaining items. Measured against revenue, the bottom-line deficit represented 0.7% after all recognized items. Reported EBITDA totaled $10.98M, adding a pre-interest, tax, depreciation, and amortization perspective to the profitability profile. The earnings statement records $5.24M of pretax income, the profit base against which the reported tax provision can be assessed. Measured against revenue, pretax income equaled 2.0%, adding a pre-tax profitability layer between revenue and net income. The company recognized $7.09M of income tax for the period, completing the transition from pretax income to net income. Relative to pretax income, the tax provision measured 135.4%, quantifying the portion of pre-tax earnings paid in income tax. The loss-to-equity relationship was 0.5%, placing the bottom-line deficit against shareholder capital. The net loss equaled 0.3% of period-end assets, showing the deficit relative to the asset base. A $1.85M net loss replaced fiscal 2023 net income of $12.36M.

Liquidity and Capital Structure

The company held $565.47M of assets against $201.53M of liabilities and $363.94M of equity, revealing how the asset base was financed. Current assets were $541.04M against $170.45M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 3.17x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $107.87M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 63.3% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Equity equaled 64.4% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 35.6% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 19.1%, comparing reported cash and equivalents with the full positive asset balance. Compared with $623.30M in fiscal 2023, the current asset base moved 9.3% and finished lower. Reported equity changed 6.2% from $387.85M in fiscal 2023, placing the current capital base lower year over year. Cash and equivalents were 30.1% higher than fiscal 2023 cash of $82.91M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities used $28.18M of cash, resulting in an operating cash outflow for the year. Operating cash flow moved from a $58.66M inflow in fiscal 2023 to a $28.18M outflow.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Oct 21, 2026.