Energy Monster (EM.US) stock price surged on Thursday, closing up 31.29% to $0.72.
According to Securities Times, the stock price of Energy Monster (EM.US) soared on Thursday, closing up 31.29%. On the news front, boosted by China's economic stimulus policies, Chinese assets continued the rally from the previous day, with the Nasdaq China Golden Dragon Index rising by 10.9%.
At the same time, as a leading company in the industry, Energy Monster recently announced its overseas business investment plan. Combined with the intensification of domestic brand competition and the comprehensive transition to an agency model, the sharing economy has once again become a hot topic. As one of the few listed companies in the field, Energy Monster serves as a mirror for the shared charging industry. Firmly developing under the agency model, Energy Monster has provided followers and practitioners with a sense of reassurance based on its rising financial and business data quarter after quarter.
In the second quarter of 2024, Energy Monster achieved revenue of 0.463 billion yuan (RMB, same below), and adjusted net income under Non-GAAP reached 15.2 million yuan, representing an increase of 16.6% and 300% respectively compared to the previous quarter. Including the second quarter, Energy Monster has maintained Non-GAAP profitability for six consecutive quarters.