SHANGHAI, March 12, 2024 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.  Fourth Quarter 2023 Highlights Total net revenues grew by 29.9% to RMB3,873.6 million (US$545.6 million) from RMB2,981.2 million in the fourth quarter of 2022. Loss from operations was RMB16.7 milli ...

SHANGHAI, Feb. 27, 2024 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced that it plans to release its unaudited financial results for the fourth quarter and full year of 2023 before the U.S. market opens on Tuesday, March 12, 2024. The Company's management will hold an earnings conference call at 08:00 A.M. Eastern Time on Tuesday, March 12, 2024 (08:00 P.M. Beijing ...

Financial Data and Key Metrics Changes - Total revenues for Q3 2023 reached RMB3.26 billion, representing a 28.4% year-over-year increase, surpassing guidance [6][21] - Adjusted operating income was RMB73.8 million with an adjusted operating margin of 2.3%, marking a new record [7][25] - Total revenues for the first three quarters amounted to RMB9.1 billion, marking a 32% year-over-year increase [6] Business Line Data and Key Metrics Changes - Revenue from the 1P business grew by 31.4% year-over-year to RMB2.92 billion [9] - The complex refurbished business contributed RMB200 million in revenue during Q3 [11] - 3P revenue increased by 7.3% year-over-year to RMB330 million, with an overall take rate of 5.4% [14][21] Market Data and Key Metrics Changes - Monthly recycling values in Beijing and Shanghai exceeded RMB100 million in October [10] - The recycling volume of the multi-category business amounted to RMB350 million in Q3 [18] Company Strategy and Development Direction - The company focuses on enhancing its 1P business as the primary growth driver while improving the service capabilities of its 3P platform [8] - Integration of the B2C retail brand into the AHS main brand aims to bolster service quality and trustworthiness [11] - The company is committed to sustainability, becoming the first signatory from the pre-owned consumer electronics industry to join the United Nations Global Compact [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of the secondhand industry and the company's strategies to enhance profitability [5][30] - The outlook for Q4 2023 anticipates total earnings between RMB3,730 million and RMB3,830 million, reflecting a year-on-year increase of 25.1% to 28.5% [26] Other Important Information - The company repurchased 1.6 million ADSs for a total cash consideration of $4 million during Q3 [26] - Cash and cash equivalents totaled RMB2.3 billion as of September 30, 2023, supporting long-term strategic development [33] Q&A Session Summary Question: Performance of new single-state grant promotion and outlook for 2024 - Management noted a 60% year-on-year increase in C2B recycling orders during the Double Eleven event, with B2C sales totaling RMB160 million, a 24% increase year-on-year [28][29] Question: Use of cash and share repurchase handling - Total cash and cash equivalents were RMB2.3 billion, with a disciplined approach to cash deployment for long-term potential areas [32][34] Question: Insights on gross profit margin and refurbishment progress - Overall gross profit margin was 19.8%, with a focus on improving operational efficiencies and a promising outlook for the compliant refurbishment business [35][38]

Financial & Operational Highlights - Total net revenues reached RMB3,256.8 million, a 28.4% year-over-year increase, reflecting the circular economy's resilient growth[8] - Net product revenues grew by 31.4% year-over-year to RMB2,924.0 million, with refurbished device sales contributing RMB200 million[8] - Net service revenues increased by 7.3% year-over-year to RMB332.8 million, with an improved take rate of 5.40%[8] - The company repurchased 1.6 million ADSs for USD4.0 million in 3Q23, with a remaining amount of USD51.6 million allocated for future buybacks[8] - Non-GAAP operating income was RMB73.8 million, with an adjusted operating margin of 2.3%[8] Business Scale & Strategy - The company has established a network of 1,952 physical stores across 273 cities in China[8] - The company aims to increase recycling scenario coverage, expand recycling categories, and enhance profitability[15] - 230 core AHS stores fulfilled new category orders in 3Q23, contributing RMB350 million of recycling transaction volume[19] Market Opportunity - The pre-owned device distribution and service GMV in China is experiencing increasing penetration, with a 26.1% CAGR[24] - The company extended the life cycle of 32 million used devices in 2022[59] ESG Initiatives - The company was rated "Low ESG Risk" by Morningstar Sustainalytics in September 2022, ranking 4th (4/85) among Online and Direct Marketing Retail in the global universe[23]

ATRenew Inc. (NYSE:RERE) Q2 2023 Earnings Call Transcript August 23, 2023 8:00 AM ET Company Participants Jeremy Ji - Director of Corporate Development & IR Kerry Chen - Founder, Chairman and CEO Rex Chen - CFO Conference Call Participants Weiting Tang - Goldman Sachs Joyce Ju - Bank of America Operator Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to ATRenew Inc. Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only ...

2Q23 INVESTOR PRESENTATION Safe Harbor Forward-looking Statements This presentation has been prepared by ATRenew Inc. (the “Company”) solely for informational purposes. This presentation contains forward- looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current expectations and projections with respect to, among other things, our financial condition, results of operations, plans, objectives, future perf ...

Exhibit 99.1 ATRenew Inc. Reports Unaudited Second Quarter 2023 Financial Results SHANGHAI, August 23, 2023 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights • Total net revenues grew by 38.1% to RMB2,963.7 million (US$408.7 million) from RMB2,145.7 million in th ...

1Q23 INVESTOR PRESENTATION Safe Harbor Forward-looking Statements This presentation has been prepared by ATRenew Inc. (the “Company”) solely for informational purposes. This presentation contains forward- looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current expectations and projections with respect to, among other things, our financial condition, results of operations, plans, objectives, future perf ...

Financial Data and Key Metrics Changes - Total revenues increased by 30.2% year-over-year to RMB 2,871.8 million, exceeding guidance [5][19] - Non-GAAP operating income reached a record of RMB 44.4 million, with an adjusted operating margin of 1.5% [5][25] - Gross margin at the group level was 21.6%, with 1P business gross margin at 12.5% [22][25] Business Line Data and Key Metrics Changes - 1P product revenue increased by 34.9% to RMB 2,575.2 million, driven by strong sales of refurbished devices [19][20] - Service revenue was nearly RMB 300 million, remaining flat year-over-year, but the take rate increased from 4.15% to 5.46% [10][20] - Overall sales of refurbished devices increased to 145 million, with consumer sales reaching 140 million and a gross margin of 25% [9][25] Market Data and Key Metrics Changes - Apple products accounted for 45% of total business and 60% of 1P business, indicating strong brand resilience [7] - Monthly GMV for non-electronics new categories surpassed RMB 70 million, reflecting growth in new category recycling [13][32] Company Strategy and Development Direction - The company aims to expand refurbishment operations to more regions and product categories, including tablets and smartwatches [36] - Focus on enhancing operational efficiencies through automation and AI technology to optimize cost structure [14][25] - Continued emphasis on multi-category recycling services to leverage consumer trust and expand revenue streams [32][34] Management Comments on Operating Environment and Future Outlook - Management noted a rapid recovery in offline retail and consumer demand post-reopening, with expectations for sustained growth [5][30] - Anticipated year-over-year revenue growth of 32.8% to 37.5% in the second quarter, driven by major promotions and improved trading services [31] - Commitment to enhancing brand influence and consumer education on recycling and circular economy practices [16][17] Other Important Information - The company repurchased over 1.4 million ADSs for a total cash consideration of US$4.1 million during the first quarter [26] - Cash and cash equivalents totaled RMB 2.5 billion as of March 31, 2023, ensuring a sustainable growth outlook [25] Q&A Session Summary Question: Outlook for the economy in China and consumption of electronics products - Management observed a significant surge in business volume post-reopening and expects sustained demand for trading services driven by promotions [30] Question: Progress of multi-category recycling services - Management highlighted successful scaling in categories like high-value bags and watches, with significant trading volume and GMV growth [32][33] Question: Strategic targets for repair businesses and impact on net profit - Management anticipates stable gross margins for refurbished devices and plans to expand refurbishment capabilities across more product categories [35][36] Question: Reasons for improved adjusted operating margin and outlook for the year - Improved cost efficiencies from automation and optimized operational processes contributed to the increased operating margin, with expectations for continued improvement [39][41]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered American depositary shares (every three ADSs represent two Class A ordinary shares, par value US$0.001 per share) RERE New York Stock Exchange FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fi ...