SHANGHAI, Aug. 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 pleased to announce that our operational performance exceeded the high end of our guidan ...

Company Overview - ATRenew Inc. is a leading technology-driven platform for pre-owned consumer electronics transactions and services in China, headquartered in Shanghai [3] - The company aims to give a second life to idle goods, addressing environmental impacts through recycling and trade-in services, and extending the lifecycle of devices [3] - ATRenew integrates C2B, B2B, and B2C capabilities, providing end-to-end coverage of the value chain with proprietary inspection, grading, and pricing technologies [3] Financial Results Announcement - ATRenew plans to release its unaudited financial results for the second quarter of 2025 before the U.S. market opens on August 20, 2025 [1] - An earnings conference call will be held on the same day at 08:00 A.M. Eastern Time to discuss the financial results [2] - The call will be accessible via multiple international and toll-free numbers, with a replay available until August 27, 2025 [2]

Core Viewpoint - ATRenew Inc. has authorized a new share repurchase program allowing the company to buy back up to US$50 million of its shares over a 12-month period starting from June 30, 2025 [1][2] Company Overview - ATRenew Inc. is a leading technology-driven platform for pre-owned consumer electronics transactions and services in China, headquartered in Shanghai [3] - 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 [3] - ATRenew integrates C2B, B2B, and B2C capabilities, providing end-to-end coverage of the value chain with proprietary inspection, grading, and pricing technologies [3] - The company is a participant in the United Nations Global Compact, adhering to principles of responsible business [3] Share Repurchase Program Details - The share repurchase may occur on the open market at prevailing prices, through privately negotiated transactions, block trades, or other legally permissible means, depending on market conditions [2] - The board of directors will periodically review the program and may adjust its terms and size as necessary [2] - The repurchases are expected to be funded from the company's existing cash balance [2]

Core Viewpoint - ATRenew Inc. has released its 2024 Environmental, Social and Governance (ESG) Report, showcasing its commitment to green recycling, low-carbon transition, corporate governance, and technological innovation, aligning with China's "Dual Carbon" goals and global ESG best practices [1] Group 1: Environmental Initiatives - ATRenew made significant progress in advancing the circular economy, facilitating the sale of over 35.3 million pre-owned products, which extended product lifecycles and reduced resource consumption [4] - The company disposed of 137,000 units of e-waste in an eco-friendly manner, reducing e-waste pollution by 21.92 tons [4] - ATRenew renewed its ISO 14001 environmental management system certification and set ambitious emissions reduction goals, aiming to cut Scope 1 & 2 emission intensity by 35% and Scope 3 emission intensity by 50% by 2030, using 2024 as the baseline [4] Group 2: Social Responsibility and Employee Engagement - The "Listener" Program achieved a 96% problem resolution rate, enhancing employee rights to information and participation, with overall employee satisfaction rising from 4.64 in 2023 to 4.71 in 2024 [5] - The proportion of female senior managers increased from 28.13% to 33.33%, indicating progress in gender diversity [5] - ATRenew supported 68 schools and delivered 3,132 classes through its digital education aid program, benefiting 12,970 rural students [5] Group 3: Governance and Risk Management - ATRenew established a three-tier ESG governance framework, ensuring ESG principles are embedded in strategic planning and operations, with the Risk Management Committee convening seven times to address 24 risk issues [3][4] - The company achieved a 100% rectification rate for SOX internal control deficiencies, demonstrating strong management rigor and accountability [6] Group 4: Technological Innovation - ATRenew increased R&D investment, exploring large-scale AI models and developing intelligent terminal devices, which enhanced the quality inspection system and operational performance [9] - The company launched Standard Quality Inspection 2.0, optimizing the grading system and improving transparency and consistency in product evaluations [9] - ATRenew established best practices for trade-in programs in partnership with JD.com, expanding its offline presence to 1,861 stores across 283 cities, with 62% being next-generation user touchpoints [9]

Company Overview - ATRenew Inc. is a leading technology-driven platform for pre-owned consumer electronics transactions and services in China, headquartered in Shanghai [3] - The company was founded in 2011 and aims to give a second life to idle goods, addressing environmental impacts through recycling and trade-in services [3] - ATRenew integrates C2B, B2B, and B2C capabilities, providing end-to-end coverage of the value chain with proprietary inspection, grading, and pricing technologies [3] Upcoming Financial Results - ATRenew plans to release its unaudited financial results for the first quarter of 2025 before the U.S. market opens on May 20, 2025 [1] - An earnings conference call will be held on the same day at 08:00 A.M. Eastern Time to discuss the financial results [2] - The call will be accessible via multiple international and toll-free numbers, with a replay available until May 27, 2025 [2]