ATRenew Inc. Reports Unaudited Second Quarter 2024 Financial Results
ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) (RERE)
Company Research
Source: PR Newswire
SHANGHAI, Aug. 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 June 30, 2024. Second Quarter 2024 HighlightsTotal net revenues grew by 27.4% to RMB3,776.7 million (US$519.7 million) from RMB2,963.7 million in the second quarter of 2023.Loss from operations was RMB5.6 million (US$0.8 million), compared to RMB61.0 million in the second quarter of 2023. Adjusted income from operations (non-GAAP)[1] was RMB94.1 million (US$12.9 million), compared to RMB52.0 million in the second quarter of 2023.Number of consumer products transacted[2] was 8.4 million compared to 7.7 million in the second quarter of 2023.Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are pleased to report that our total revenue in the second quarter of 2024 reache
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