Welcome to our dedicated page for ATRENEW news (Ticker: RERE), a resource for investors and traders seeking the latest updates and insights on ATRENEW stock.
ATRenew Inc (RERE) operates China's leading technology platform for pre-owned electronics recycling and trade-in services. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and sustainability initiatives driving the circular economy.
Access timely announcements including quarterly earnings, strategic partnerships with retailers like JD.com, and technological advancements in device refurbishment. Our curated collection features press releases about supply chain expansions, quality control innovations, and market penetration metrics – all critical for understanding this growing sector.
Bookmark this page for structured updates on ATRenew's operational milestones, including new recycling channel launches and sustainability reports. Regular visitors gain insights into how the company's AI-driven pricing models and nationwide logistics network position it in China's $65B+ secondhand electronics market.
ATRenew (NYSE: RERE) reported a 27.1% increase in first-quarter 2024 revenues to RMB3,651.1 million (US$505.7 million). Loss from operations reduced to RMB43.4 million (US$6.0 million) from RMB67.6 million a year prior. Adjusted income rose to RMB80.2 million (US$11.1 million) from RMB44.4 million. Net loss widened to RMB92.9 million (US$12.9 million) from RMB50.0 million. Revenue expectations for Q2 2024 range between RMB3,670.0 million and RMB3,770.0 million, a 23.8%-27.2% increase year-over-year. Cash and equivalents fell to RMB2,599.9 million (US$360.1 million). On April 26, 2024, Mervin Ye Zhou joined the board, replacing Lijun Xin.
ATRenew Inc. (NYSE: RERE) will participate in the Goldman Sachs TechNet Conference Asia Pacific 2024 in Hong Kong from May 22-23, 2024. ATRenew's management will engage with investors and analysts, presenting recent financial and business updates, and holding Q&A sessions.
ATRenew Inc. (NYSE: RERE) will release its unaudited financial results for Q1 2024 on May 20, 2024. The earnings conference call will take place on the same day to discuss the results.
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