Overview
ATRenew Q2 revenue grows 32.2% yr/yr to RMB4,991.5 mln
Income from operations turns positive at RMB91.1 mln from a loss last year
Co repurchased 1.6 mln ADSs, announced new $50 mln share repurchase program
Outlook
Company expects Q3 2025 revenues between RMB5,050 mln and RMB5,150 mln
ATRenew anticipates 24.7% to 27.1% revenue growth in Q3 2025
Company plans to expand premium retail and overseas sales channels
ATRenew aims to enhance recycling penetration through diverse supply-sourcing
Result Drivers
TRADE-IN SUBSIDIES - Growth driven by China's national subsidies for consumer electronics trade-ins, per CEO Kerry Xuefeng Chen
RETAIL REVENUE - Increase in adjusted operating profit attributed to higher retail product revenue and effective expense management, per CFO Rex Chen
FULFILLMENT CAPABILITIES - Strengthened fulfillment capabilities and brand influence contributed to revenue growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| RMB 4.99 bln |
|
Q2 EPS |
| RMB 0.44 |
|
Q2 Adjusted Net Income |
| RMB 99.90 mln |
|
Q2 Net Income |
| RMB 72.30 mln |
|
Q2 Adjusted Income from Operations |
| RMB 121.30 mln |
|
Q2 Income from Operations |
| RMB 91.10 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for ATRenew Inc is $5.00, about 7.2% above its August 19 closing price of $4.64
The stock recently traded at 102 times the next 12-month earnings vs. a P/E of 5 three months ago
Press Release: ID:nPn2fZrq2a