Core Insights - The company, 万物新生 (RERE), opened with a 2.69% increase on August 20, trading at $4.765 per share, with a total market capitalization of $1.047 billion [1] - Financial data indicates that as of June 30, 2025, the total revenue reached 9.645 billion RMB, representing a year-on-year growth of 29.85%, while the net profit attributable to shareholders was 115 million RMB, showing a significant increase of 211.2% [1] - The company is set to disclose its fiscal year 2025 mid-term report on August 20, 2023, according to Nasdaq [1] Company Overview - 万物新生 is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, 上海万物新生环保科技集团有限公司 [1] - Established in 2011, the company positions itself as a "Internet + Environmental Protection" circular economy enterprise [1] - The company operates four main business lines: 爱回收, 拍机堂, 拍拍, and overseas business AHS Device [1] - The mission of 万物新生 is to maximize the utility of idle resources, aiming to become a model enterprise for ESG (Environmental, Social, and Governance) practices by integrating social responsibility into its business operations [1]

Core Insights - The company, 万物新生 (RERE), experienced a stock price increase of 5.06% on August 20, reaching $4.875 per share, with a trading volume of $6.7596 million and a total market capitalization of $1.072 billion [1] Financial Performance - As of June 30, 2025, the total revenue of 万物新生 reached 9.645 billion RMB, representing a year-on-year growth of 29.85% [1] - The net profit attributable to the parent company was 115 million RMB, showing a significant year-on-year increase of 211.2% [1] Company Overview - 万物新生 is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, 上海万物新生环保科技集团有限公司 [1] - Established in 2011, the company positions itself as a "Internet + Environmental Protection" circular economy enterprise [1] - The company operates four main business lines: 爱回收, 拍机堂, 拍拍, and overseas business AHS Device [1] - 万物新生 aims to integrate social responsibility into its business practices, striving to become a model enterprise for ESG (Environmental, Social, and Governance) [1]

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 reached RMB 4.99 billion, representing a year-over-year growth of 32.2% [11][26] - 1P product revenue grew by 34% year-over-year to RMB 4.56 billion, while 3P service revenue increased by 15.4% year-over-year to RMB 430 million [12][26] - Non-GAAP operating profit margin was 2.4%, meeting the full-year target [12][33] Business Line Data and Key Metrics Changes - C2B recycling business maintained robust double-digit growth, benefiting from national subsidies and promotional campaigns [12] - Refurbished products contributed 13.5% of 1P revenue, with on-demand refurbishment model generating over RMB 100 million in the quarter [15] - B2B marketplace Paiditang saw a surge in warehousing inspection GMV, increasing penetration rate from 62% in 2024 to 73% in 2025 [16] Market Data and Key Metrics Changes - The company operated 2,092 AHS stores nationwide by the end of Q2 2025, including 987 self-operated stores in Tier one and Tier two cities [13] - The overall take rate of the marketplace was 5.3%, up slightly year-over-year and quarter-over-quarter [26] Company Strategy and Development Direction - The company aims to leverage national subsidies and policies to enhance trading programs and supply chain capabilities, positioning itself as a leader in pre-owned consumer electronics [21] - AHS Recycle is focused on expanding its platform-based recycling businesses across high-value product categories [22] - The company launched the AHS Recycle Green Wallet to promote eco-friendly recycling and green consumption [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting full-year operational objectives, anticipating revenue growth to accelerate in the second half of the year [23][40] - The company plans to maximize recycling and fulfillment capabilities while positioning AHS Recycle as China's leading recycling brand [40][41] Other Important Information - The company announced a three-year shareholder return program, committing to return no less than 60% of annual non-GAAP net profit to shareholders [23] - The company set ambitious targets to reduce greenhouse gas emissions intensity by 35% for Scope one and two, and 50% for Scope three by 2030 [24] Q&A Session Summary Question: What are the company's growth expectations for the second half of the year? - Management believes in the enduring potential of the circular economy model and is focusing on maximizing recycling and fulfillment capabilities while positioning AHS Recycle as a leading brand [39][40] Question: Any notable trends in trade-in activity via JD.com or offline stores? - Smartphones remained the strongest C2B recycling category, with robust growth driven by enhanced fulfillment capabilities and national subsidies [46] Question: What adjustments were made to the Apple business and overseas business? - The Apple trading business has maintained profitability and is expected to contribute solid product revenue for the full year [51]

Financial Performance - Total net revenues for 2Q25 reached RMB 4,991.5 million, a 32.2% year-over-year increase[11] - Net product revenues for 2Q25 were RMB 4,558.7 million, up 34.0% year-over-year[11] - Net service revenues for 2Q25 amounted to RMB 432.8 million, reflecting a 15.4% year-over-year growth[11] - GAAP income from operations for 2Q25 was RMB 91.1 million, a quarterly high[11] - Non-GAAP income from operations for 2Q25 was RMB 121.3 million, a 28.9% year-over-year increase[11] - ATRenew repurchased 12.3 million ADSs with US$ 31.1 million during FY24 and 1H25[11] Business Updates - 1P business net product revenues increased by 34.0% year-over-year in 2Q25[13] - Excluding Apple Trade-In and international businesses, 1P business net product revenues increased by 39.2% year-over-year in 2Q25[13] - 3P business net service revenues increased by 15.4% year-over-year in 2Q25[13] - Multi-category recycling services saw a 107.1% year-over-year increase in 2Q25[13] - Transaction volumes in 2Q25 reached 10.3 million units, a 22.6% year-over-year increase[13] - The total AHS store count reached 2,092 as of June 30, 2025, a net increase of 576 year-over-year[13]

Core Insights - The company, Wanwu Xingsheng (RERE.US), reported Q2 revenue of $696.8 million, representing a year-over-year growth of 32.2%, exceeding market expectations [1] - Adjusted earnings per share for the quarter were $0.09, also surpassing market forecasts [1] - The number of consumer goods transactions reached 10.3 million, up from 8.4 million in the same period last year [1] Financial Position - As of June 30, 2025, the company had cash and cash equivalents, restricted cash, short-term investments, and receivables from third-party payment service providers totaling RMB 2.3497 billion ($328 million), down from RMB 2.9196 billion as of December 31, 2024 [1] Future Outlook - The company anticipates Q3 revenue to be between RMB 5.05 billion and RMB 5.15 billion, reflecting a year-over-year growth of 24.7% to 27.1% [1] - Following the earnings report, the company's stock rose by 4.3% in pre-market trading [1]

Core Viewpoint - The company, Wanwu Xinxing (Aihuishou), reported strong financial performance in Q2 2025, with total revenue reaching 4.99 billion yuan, a year-on-year increase of 32.2%, exceeding the high end of its revenue guidance and setting a historical record [2][11]. Revenue Composition - The revenue from 1P (self-operated) product sales was 4.56 billion yuan, up 34.0% year-on-year [4][6]. - The revenue from 3P (platform) services was 430 million yuan, reflecting a year-on-year growth of 15.4% [4][6]. Transaction Volume and Profitability - The total transaction volume for second-hand goods across all platforms reached 10.3 million orders, marking a year-on-year increase of 22.6% [4][6]. - The non-GAAP operating profit for Q2 was 120 million yuan, a year-on-year increase of 28.9%, with a non-GAAP operating profit margin of 2.4% [4][6]. Cash Position - As of the end of Q2 2025, the company had a total of 2.35 billion yuan in cash and cash equivalents, restricted funds, short-term investments, and third-party payment platform account balances, ensuring stable operations [6]. Infrastructure and Service Expansion - The company has strengthened its offline recycling infrastructure, with 2,092 stores covering 291 cities nationwide by the end of Q2 2025 [6]. - The number of self-operated on-site teams reached 1,160, enhancing delivery efficiency and coverage [6]. Multi-category Recycling Growth - The company has expanded its multi-category recycling services, with 804 stores offering such services, resulting in a GMV of 1.87 billion yuan, a year-on-year increase of over 110% [7]. - Notable growth was observed in gold and luxury goods recycling, with gold recycling GMV increasing by 118% and luxury goods by 63% [7]. C2B Recycling Performance - The C2B recycling segment maintained rapid double-digit growth, supported by national subsidies and e-commerce promotions [9]. - The platform "Paijitang" registered over 1.16 million signed merchants, achieving healthy double-digit growth [9]. ESG Initiatives - The company set carbon reduction targets, aiming to reduce greenhouse gas emissions intensity by 35% for scopes 1 and 2 and 50% for scope 3 by 2030 [10]. - In 2024, the company responsibly disposed of 137,000 old electronic devices, reducing electronic waste pollution by 21.92 tons [10]. Shareholder Return Plan - The company announced a three-year shareholder return plan, committing to return at least 60% of annual non-GAAP net profit to shareholders through dividends or buybacks from 2025 to 2027 [11].

Exhibit 99.1 ATRenew Inc. Reports Unaudited Second Quarter 2025 Financial Results SHANGHAI, August 20, 2025 /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 three months ended June 30, 2025. Second Quarter 2025 Highlights Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are pleas ...

Core Viewpoint - ATRenew Inc. reported strong operational performance in Q2 2025, with total revenue increasing by 32.2% year-over-year, driven by demand for recycling and upgrades in consumer electronics, supported by national subsidies in China [2][4]. Financial Performance - Total net revenues for Q2 2025 reached RMB4,991.5 million (US$696.8 million), up from RMB3,776.7 million in Q2 2024, marking a 32.2% increase [4][6]. - Adjusted income from operations (non-GAAP) was RMB121.3 million (US$16.9 million), compared to RMB94.1 million in the same period of 2024 [6][8]. - Net income for Q2 2025 was RMB72.3 million (US$10.1 million), a significant recovery from a net loss of RMB10.7 million in Q2 2024 [9][10]. Revenue Breakdown - Net product revenues increased by 34.0% to RMB4,558.7 million (US$636.4 million) due to higher sales of pre-owned consumer electronics [7]. - Net service revenues rose by 15.4% to RMB432.8 million (US$60.4 million), attributed to growth in multi-category recycling services [7]. Operating Costs - Operating costs and expenses totaled RMB4,918.1 million (US$686.5 million), reflecting a 29.6% increase from RMB3,795.3 million in Q2 2024 [5]. - Merchandise costs increased by 32.3% to RMB3,957.6 million (US$552.5 million), driven by higher product sales [7]. Business Outlook - For Q3 2025, ATRenew expects total revenues to be between RMB5,050.0 million and RMB5,150.0 million, indicating a year-over-year increase of 24.7% to 27.1% [12]. Recent Developments - ATRenew repurchased approximately 1.6 million ADSs for about US$4.0 million under its share repurchase program, which has a total authorization of US$50 million [13]. - As of June 30, 2025, ATRenew operated a network of 2,092 AHS stores across 291 cities in China [14]. - The company released its 2024 ESG Report, highlighting its commitment to green recycling and emissions reduction goals aligned with China's "Dual Carbon" objectives [15]. Shareholder Returns - The Board approved a three-year shareholder return plan, committing to allocate no less than 60% of adjusted net income (non-GAAP) for shareholder returns through dividends or share repurchases [16].

Core Viewpoint - The company, 万物新生 (RERE), has shown a positive financial performance with significant revenue and profit growth, and is set to release its mid-year financial report soon [1]. Financial Performance - As of March 31, 2025, 万物新生 reported total revenue of 4.653 billion RMB, representing a year-on-year increase of 27.45% [1]. - The net profit attributable to the parent company reached 42.8 million RMB, marking a substantial year-on-year growth of 146.09% [1]. Stock Performance - On August 19, the stock price of 万物新生 increased by 2.16%, closing at $4.495 per share, with a trading volume of $2.9886 million and a total market capitalization of $988 million [1]. Company Overview - 万物新生 is a Cayman Islands-registered holding company that operates primarily through its domestic subsidiary, 上海万物新生环保科技集团有限公司 [1]. - Established in 2011, the company positions itself as a "Internet + Environmental Protection" circular economy enterprise, focusing on sustainability and social responsibility [1]. - The company operates four main business lines: 爱回收, 拍机堂, 拍拍, and overseas business AHS Device [1].

Core Insights - The company, 万物新生 (RERE), opened with a 4.28% increase, reaching $4.39 per share, with a total market capitalization of $965 million as of August 18 [1] - Financial data indicates that as of March 31, 2025, the total revenue of 万物新生 is 4.653 billion RMB, reflecting a year-on-year growth of 27.45%, while the net profit attributable to shareholders is 42.8 million RMB, showing a significant increase of 146.09% [1] - The company is set to disclose its fiscal year 2025 mid-term report on August 20, prior to the market opening in the Eastern Time Zone [1] Company Overview - 万物新生 is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, 上海万物新生环保科技集团有限公司 [1] - Established in 2011, the company positions itself as a "Internet + Environmental Protection" circular economy enterprise [1] - The company operates four main business lines: 爱回收, 拍机堂, 拍拍, and overseas business AHS Device [1] - 万物新生 aims to integrate social responsibility into its business practices, adhering to the mission of maximizing the use of idle resources and striving to be a model enterprise in ESG (Environmental, Social, and Governance) [1]