ATRENEW INC Stock Price, News & Analysis

ATRenew (NYSE:RERE), China's leading pre-owned consumer electronics platform, has released its 2024 ESG Report highlighting significant achievements in sustainability and corporate governance. The company facilitated the sale of over 35.3 million pre-owned products and processed 137,000 units of e-waste, reducing e-waste pollution by 21.92 tons.

Key environmental targets include reducing Scope 1 & 2 emission intensity by 35% and Scope 3 emission intensity by 50% by 2030. The company expanded its retail presence to 1,861 offline stores across 283 cities, with 62% being next-generation facilities. Employee satisfaction improved to 4.71 out of 5 in 2024, while female senior management representation increased to 33.33%.

Through its digital education program, ATRenew supported 68 schools, delivered 3,132 classes, and benefited 12,970 rural students. The company's ESG performance earned recognition from S&P, placing it among the top 7% of companies globally within its industry.

ATRenew (NYSE: RERE) reported strong Q1 2025 financial results with total net revenues growing 27.5% YoY to RMB4,653.5 million (US$641.3M). The company achieved significant profitability improvements, posting an income from operations of RMB72.7M, compared to a loss of RMB43.4M in Q1 2024. Net income reached RMB42.8M, reversing a net loss of RMB92.9M from the previous year. The company's growth was driven by increased sales of pre-owned consumer electronics and the national smartphone subsidy program. ATRenew launched its first Paijitang flagship store in Shenzhen and continued its share repurchase program, buying back 0.4M ADSs for US$1.2M. For Q2 2025, the company expects revenues between RMB4,710.0M and RMB4,810.0M, representing 24.7-27.4% YoY growth.

ATRenew (NYSE: RERE), China's leading technology-driven pre-owned consumer electronics platform, has scheduled the release of its first quarter 2025 financial results for May 20, 2025, before U.S. market opening. Management will host an earnings conference call at 8:00 AM Eastern Time (8:00 PM Beijing Time) on the same day. The earnings call replay will be available through May 27, 2025. Investors can access the live and archived webcast through the company's investor relations website.

ATRenew (NYSE: RERE) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (SEC) on April 11, 2025.

The report, which contains audited consolidated financial statements, is accessible on both the SEC's website and the company's investor relations portal. Shareholders and ADS holders can request a free copy of the annual report by contacting ATRenew's Investor Relations department at their Shanghai headquarters.

ATRenew (NYSE: RERE) has launched its Paijitang flagship store in Huaqiangbei, Shenzhen's premier electronics trade hub. The store showcases nearly 10,000 professionally inspected smartphones and operates as a front-end distribution center using a warehouse-to-retail model.

The store enhances ATRenew's B2B trading platform, Paijitang, which serves over 850,000 small and medium-sized businesses across China. The new model allows buyers to browse inventory, inspect devices, and complete purchases onsite, reducing inventory costs and cutting logistics delays by 3 to 5 days. This offline expansion complements their online platform, promoting industry standardization in the pre-owned consumer electronics market.

ATRenew (NYSE: RERE) reported strong Q4 2024 financial results, with total net revenues growing 25.2% year-over-year to RMB4,849.3 million (US$664.4 million). The company achieved income from operations of RMB53.1 million, compared to a loss in Q4 2023.

For the full year 2024, total revenues increased 25.9% to RMB16,328.4 million (US$2,237.0 million). The company expanded its network to 1,861 AHS stores and transacted 35.3 million consumer products in 2024, up from 32.3 million in 2023.

Key Q4 metrics include:

• Net product revenues up 26.6% to RMB4,460.6 million
• Net service revenues increased 10.7% to RMB388.7 million
• Adjusted income from operations grew 61.0% to RMB131.4 million
• Net income reached RMB77.4 million

For Q1 2025, ATRenew expects total revenues between RMB4,550.0-4,650.0 million, representing 24.6-27.4% year-over-year growth.

ATRenew (NYSE: RERE), China's leading technology-driven pre-owned consumer electronics transactions and services platform, has announced it will release its unaudited financial results for the fourth quarter and full year 2024 on Tuesday, March 11, 2025, before the U.S. market opens.

The company will hold an earnings conference call at 08:00 A.M. Eastern Time (08:00 P.M. Beijing Time) on the same day to discuss the financial results. Investors and interested parties can access the call by dialing in, and a replay will be available through March 18, 2025.

Additionally, a live and archived webcast of the conference call will be accessible on the company's investor relations website at https://ir.atrenew.com.

ATRenew (NYSE: RERE) has been selected as one of 20 companies in the United Nations Global Compact's "Forward Faster" campaign, recognizing sustainable development contributions in China's private sector. The selection came from a pool of 75 candidates following a four-month evaluation process by UN system representatives and academic experts. The company was chosen based on its performance in ESG principles, economic viability, operability, replicability, innovation, and inclusivity. ATRenew's business model focuses on recycling and trade-in services for pre-owned consumer electronics, contributing to China's circular economy development and electronic waste reduction.

ATRenew reported strong Q3 2024 financial results with total net revenues growing 24.4% year-over-year to RMB4,051.2 million. The company achieved positive income from operations of RMB24.9 million, compared to a loss in Q3 2023. Net product revenues increased by 25.6% to RMB3,672.2 million, while net service revenues grew 13.9% to RMB379.0 million. The number of consumer products transacted reached 9.1 million. The company's adjusted income from operations exceeded RMB100 million for the first time, reaching RMB104.0 million. For Q4 2024, ATRenew expects revenues between RMB4,740.0-4,840.0 million, representing 22.4-24.9% year-over-year growth.