ATRenew(RERE)

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ATRenew(RERE) - 2023 Q1 - Earnings Call Transcript
2023-05-23 14:49
ATRenew Inc. (NYSE:RERE) Q1 2023 Earnings Conference Call May 23, 2023 8:00 AM ET Company Participants Jeremy Ji - Director of Corporate Development and Investor Relations Kerry Chen - Co-Founder, Chairman and Chief Executive Officer Rex Chen - Chief Financial Officer Conference Call Participants Joyce Ju - Bank of America Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the ATRenew Inc.’s First Quarter 2023 Earnings Conference Call. At this time, all p ...
ATRenew(RERE) - 2022 Q4 - Annual Report
2023-04-17 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol 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 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fi ...
ATRenew(RERE) - 2022 Q4 - Annual Report
2023-04-17 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number: 001-40486 ATRenew Inc. (Registrant's Name) 12th Floor, No. 6 Building 433 Songhu Road, Shanghai People's Republic of China (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or F ...
ATRenew(RERE) - 2022 Q4 - Earnings Call Presentation
2023-03-13 14:48
4Q22 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 perf ...
ATRenew(RERE) - 2022 Q4 - Earnings Call Transcript
2023-03-13 14:47
Financial Data and Key Metrics Changes - In Q4 2022, total revenue reached RMB2.98 billion, a year-over-year growth of 22.4%, and for the full year, total revenue was RMB9.87 billion, increasing by 26.9% [6][18] - Non-GAAP operating income for Q4 was RMB34.6 million, with a full-year operating income of RMB6.9 million, indicating a profitable quarter [12][18] - Cash and cash equivalents totaled RMB2.8 billion as of December 31, 2022, ensuring a sustainable growth outlook [24] Business Line Data and Key Metrics Changes - The 1P business grew by 30.4% in 2022, significantly contributing to overall revenue growth [6] - Net product revenues increased by 29.5% to RMB2.69 billion in Q4, while net service revenues decreased by 18.5% to RMB293.3 million [20] - The overall take rate for marketplaces rebounded to 4.8%, with core services take rate increasing to 6.9% [8][20] Market Data and Key Metrics Changes - The penetration rate of consumer electronics recycling in China remains low at 4% to 5%, indicating a significant addressable market [13] - The company observed a significant year-over-year increase in restructuring volume during the holiday period as consumer willingness to sell idle goods increased [31] Company Strategy and Development Direction - The company is focusing on a city-level service integration strategy to enhance recycling participation and improve trading services [13] - Plans to expand into new categories such as luxury bags, watches, and jewelry, aiming to standardize service and pricing for non-standard recycling [34] - Continued automation of the supply chain is a priority, with expectations of improved cost efficiency and quality control [15] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in revitalizing transaction activity as the economy normalizes post-COVID, with expectations for profitable quarters ahead [11][33] - The company anticipates a gradual recovery in sourcing and fulfillment functions, with a focus on improving non-GAAP operating margins in the coming years [20][41] - Management highlighted the importance of enhancing user experience and operational capabilities to drive growth in the recycling business [36] Other Important Information - The company recognized impairment losses of RMB1.82 billion on goodwill and RMB206.9 million on intangible assets due to market conditions [25] - A share repurchase program was extended, reflecting management's confidence in the company's fundamentals [26] Q&A Session Summary Question: Long-term industry growth opportunities post-COVID - Management believes the supply-driven industry remains unchanged, with a focus on improving user experiences and expanding recycling services [30] Question: Key sources of future profitability - Management highlighted the shift to prioritizing high-quality controllable GMV business and optimizing sales and marketing spending as key to achieving profitability [38] Question: Measures taken to improve sales and marketing efficiency - Management noted a prudent approach to selling and marketing expenses, focusing on ROI and optimizing marketing strategies across different marketplaces [44]
ATRenew(RERE) - 2022 Q3 - Earnings Call Transcript
2022-11-22 17:29
ATRenew Inc. (NYSE:RERE) Q3 2022 Earnings Conference Call November 22, 2022 7:00 AM ET Company Participants Jeremy Ji - Director of Corporate Development and IR Kerry Chen - Co-Founder, Chairman and CEO Rex Chen - CFO Conference Call Participants Joyce Ju - Bank of America Operator Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the ATRenew Incorporated Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. We wi ...
ATRenew(RERE) - 2022 Q3 - Quarterly Report
2022-11-21 16:00
Exhibit 99.1 ATRenew Inc. Reports Unaudited Third Quarter 2022 Financial Results SHANGHAI, November 22, 2022 /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 third quarter ended September 30, 2022. Third Quarter 2022 Highlights Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "In the ...
ATRenew(RERE) - 2022 Q2 - Earnings Call Transcript
2022-08-24 17:35
ATRenew Inc. (NYSE:RERE) Q2 2022 Earnings Conference Call August 24, 2022 8:00 AM ET Company Participants Jeremy Ji - Director of Corporate Development and IR Kerry Chen - Co-Founder, Chairman and CEO Rex Chen - CFO Conference Call Participants Ronald Keung - Goldman Sachs Joyce Ju - Bank of America Operator Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to ATRenew Inc. Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen- ...