Shulou(Shulou.com)11/24 Report--

CTOnews.com, December 21 / PRNewswire-FirstCall-Asianet /-- Monster charging has released unaudited financial results for the third quarter ended September 30, 2022. Monster charging's third-quarter operating income was 815 million yuan ($114.6 million), up 18% from 690 million yuan in the second quarter of 2022. At the same time, the company narrowed its month-on-month net profit loss. The net loss narrowed to 95.8 million yuan ($13.5 million) from 184.5 million yuan in the second quarter of 2022.

Monster charging CEO Cai Guangyuan said: "in recent years, we have continued to expand network coverage and improve efficiency." Although the company has been challenged in terms of operating and financial performance, we believe that after all this, the monster charging will be stronger than ever before. At present, our network coverage is still expanding, efficiency continues to improve, better adapt to the changing environment, in the future we will better meet the recovery and growth of the shared portable battery industry. "

On the revenue side, shared charging, portable battery sales and other businesses dominated by advertising services and new business contributed 791 million yuan ($111.2 million), 18.1 million yuan ($2.5 million) and 5.8 million yuan ($800000), respectively, CTOnews.com learned.

In terms of operation, Monster charging continued to expand network coverage during the reporting period, and the number of POI (point) and cumulative registered users continued to grow. According to the financial report, as of September 30, 2022, Monster had a total of 956000 POI in China, with 14.7 million new users in a single quarter, a total of 325.2 million registered users and 6.4 million online shared chargers.

According to the incomplete statistics of the Sullivan report, the hourly rental price of shared portable battery rose from 0.50 yuan to 4 yuan from 2017 to 2020. However, even if the price of shared portable battery rises again and again, Monster charging has lost money for five consecutive quarters, and the total loss in the last four quarters of the year has reached 429 million yuan.

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