SHANGHAI, May 20, 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 three months ended March 31, 2024. First Quarter 2024 Highlights Total net revenues grew by 27.1% to RMB3,651.1 million (US$505.7 million) from RMB2,871.8 million in the first quarter of 2023.Loss from operations was RMB43.4 million (US$6.0 million), compar ...

SHANGHAI, May 7, 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 the Company will attend the Goldman Sachs TechNet Conference Asia Pacific 2024 in Hong Kong from May 22-23, 2024. ATRenew's management will attend in-person and host one-on-one or group meetings for interested investors and analysts. There will be a presentation on the Company's recent financ ...

SHANGHAI, May 6, 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 first quarter of 2024 before the U.S. market opens on Monday, May 20, 2024.The Company's management will hold an earnings conference call at 08:00 A.M. Eastern Time on Monday, May 20, 2024 (08:00 P.M. Beijing Time on the same day) to ...

Core Viewpoint - ATRenew Inc. has appointed Mr. Mervin Ye Zhou to its board of directors, filling the vacancy left by Mr. Lijun Xin's resignation, which reflects the company's commitment to strategic growth and excellence [1][3]. Company Overview - ATRenew Inc. is a leading technology-driven platform for pre-owned consumer electronics transactions and services in China, established in 2011 [4]. - The company aims to address the environmental impact of pre-owned electronics by facilitating recycling and trade-in services, thereby prolonging the lifecycle of devices [4]. - ATRenew integrates C2B, B2B, and B2C capabilities, providing end-to-end coverage of the entire value chain with proprietary inspection, grading, and pricing technologies [4]. New Board Member Profile - Mr. Mervin Ye Zhou is currently a vice president at JD.com, overseeing strategic investments, mergers and acquisitions, and portfolio management [2]. - He has over 10 years of experience at SoftBank China Venture Capital and previously worked at McKinsey & Company as an Engagement Manager [2]. - Mr. Zhou holds a bachelor's degree in electronic engineering from Tsinghua University and a Ph.D. in electrical engineering and computer sciences from UC Berkeley [2]. Leadership Statement - Mr. Kerry Xuefeng Chen, the Founder, Chairman, and CEO of ATRenew, expressed gratitude to Mr. Lijun Xin for his contributions and welcomed Mr. Zhou, highlighting his extensive experience in business and finance as valuable for the company's future [3].

Core Viewpoint - ATRenew Inc. has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC, highlighting its position as a leading technology-driven platform for pre-owned consumer electronics in China [1]. Company Overview - ATRenew Inc. is headquartered in Shanghai and operates a pre-owned consumer electronics transactions and services platform under the brand ATRenew [2]. - The company was founded in 2011 and aims to give a second life to idle goods, addressing the environmental impact of pre-owned electronics through recycling and trade-in services [2]. - ATRenew integrates C2B, B2B, and B2C capabilities, providing end-to-end coverage of the entire value chain with proprietary inspection, grading, and pricing technologies [2]. - The company is a participant in the United Nations Global Compact, adhering to principles of responsible business [2].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) 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 Class A ordinary shares, par value US$0.001 per share* New York Stock Exchange FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT P ...

Core Insights - ATRenew Inc. (RERE) is China's largest pre-owned consumer electronics platform, reporting FY23 revenue of RMB12,965.8 million, a 31.4% year-over-year increase, indicating strong performance over the past three quarters [2] - The market reacted positively to RERE's earnings release, with a trading volume of 16 million shares, significantly higher than the average of 2 million shares, and a post-earnings surge of 27% [2] Financial Performance - Q4'23 revenue reached RMB3,873.6 million, up 29.9% year-over-year, driven by product revenue of RMB3,522.5 million (+31.1% YoY) and service revenue of RMB351.1 million (+19.7% YoY) [5] - RERE's revenue growth outpaced the market growth of 10% YoY in FY23, supported by increased transaction volume and improved take rates [5] - Operating loss in Q4'23 improved significantly to RMB16.7 million from RMB2,210.6 million in Q4'22 [5] Market and Industry Trends - The Chinese government is promoting a green economy, which aligns with RERE's mission and is expected to stimulate demand for recycling services [6] - The global refurbished and used mobile phone market is projected to grow, with RERE positioned to benefit from this trend [5] Strategic Partnerships - RERE's partnership with Apple has progressed well, generating RMB300 million in Q4'23, a 9x increase quarter-over-quarter, as RERE became Apple's third-party trade-in partner [7] - A significant percentage of iPhone users (59%) are likely to trade in their old phones when purchasing new ones, indicating a strong market opportunity for RERE [7] Expansion and Diversification - RERE's multi-category recycling services expanded to 252 AHS stores in FY23, achieving a GMV of RMB1 billion for non-electronic products [7] - The second-hand luxury goods market in China is booming, providing additional growth opportunities for RERE as it expands its offerings [8] Valuation and Future Outlook - RERE's stock is currently trading at 0.12x EV/Sales, with a target price of $2.5 based on a multiple of 0.25x EV/Sales, indicating a potential 60% upside [9] - The company is expected to continue delivering strong topline growth of 25% YoY in FY24 and aims to break even by FY25 [9]

ATRenew Inc. (NYSE:RERE) Q4 2023 Earnings Conference March 12, 2024 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 Joyce Ju - Bank of America Xiaoxin Chen - CICC Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to ATRenew Inc.’s Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only m ...

4Q23 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 perfo ...

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 that its board of directors has authorized a share repurchase program, under which the Company may repurchase up to US$20 million of its shares over a twelve-month period.  The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privat ...