ATRenew Posts Record Q2 Revenue and Profit

Earnings
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Summary · why it matters

ATRenew reported record second-quarter results with revenue up 32.4% year over year to CNY 6.61 billion and non-GAAP operating income up 70.1% to CNY 210 million. The growth was driven by strong demand for pre-owned electronics, China's trade-in programs, and the June 18 shopping festival. Revenue from 1P-to-consumer retail rose 92.4% and reached 48.8% of product revenue, helping lift 1P gross margin to 15.7% from 13.2% a year earlier. Service revenue declined 4.2% to CNY 410 million amid merchant incentives, while the company continued investing in marketplace expansion and international B2B operations through its new FoneSquare platform. ATRenew expects third-quarter revenue of CNY 6.34 billion to CNY 6.44 billion, representing 23.1% to 25.1% year-over-year growth.

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