Monster Charging’s revenue exceeded 1 billion yuan in the second quarter of 2023, and the number of shared power bank users increased by more than 15.4 million

News from this site on August 22, Monster Charging recently released its unaudited financial report for the second quarter as of June 30, 2023. Second quarter operating income was 1.0357 billion yuan (approximately 142.8 million yuan) US dollars), a year-on-year increase of 50%; the adjusted net profit was 30.1 million yuan (approximately 4.1 million US dollars), while the adjusted net loss in the same period last year was 177.5 million yuan, and the net profit in the first quarter also increased compared with the previous quarter. 75.8%.

According to the report, the company’s services were available in 1,109,000 POIs (points) as of June 30, 2023, and as of March 31, 2023 1,001,000

As of June 30, 2023, 62.0% of POIs were operating under the network partner model, compared to 1,001,000 as of March 31, 2023 58.8%.

As of June 30, 2023, Monster Charge had 8.0 million power banks available for use as of June 30, 2023, compared to 7.2 million as of March 31, 2023.

As of June 30, 2023, the cumulative registered users of Monster Charging reached 362.5 million, there were 15.4 million new registered users in the second quarter. Mobile device charging orders in the second quarter of 2023 were 171.8 million, an increase of 24.1% from the same period last year. In terms of shared charging business revenue, the channel model revenue accounted for 70.7%, and the direct operation model revenue accounted for 29.3%.

Monster Charging CFO Xin Yi said: "We achieved operating profits in this quarter and are continuing to improve our operating efficiency. We have upgraded our support for channel partners services to provide more independent operation support."

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