ATRenew Inc
NYSE:RERE

  • LAST PRICE
    2.8750
  • TODAY'S CHANGE (%)
    0.0750 (2.6786%)
  • Bid / Lots
    2.8700/ 59
  • Ask / Lots
    2.8800/ 110
  • Open / Previous Close
    2.7300 / 2.8000
  • Day Range
    2.7200
    2.9000
  • 52 Week Range
    1.0100
    3.1850
  • Volume
    1,669,111

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  • Nov 20, 2024

      Show headlines and story abstract

    • 3:25AM ET on Wednesday Nov 20, 2024 by MT Newswires
      Companies Mentioned: RERE
      03:25 AM EST, 11/20/2024 (MT Newswires) -- ...

    • 3:00AM ET on Wednesday Nov 20, 2024 by PR Newswire
      Companies Mentioned: RERE

      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 September 30, 2024.

    • 3:00AM ET on Wednesday Nov 20, 2024 by Dow Jones
      Companies Mentioned: RERE

    • 3:00AM ET on Wednesday Nov 20, 2024 by Dow Jones
      Companies Mentioned: RERE
      liabilities 1,691,465 1,237,521 176,345 ---------------- ----------- -------- Non-current liabilities: Operating lease liabilities, non-current 22,495 80,366 11,452 Deferred tax liabilities 67,658 42,099 5,999 ---------------- ----------- -------- Total non-current liabilities 90,153 122,465 17,451 ---------------- ----------- -------- TOTAL LIABILITIES 1,781,618 1,359,986 193,796 ---------------- ----------- -------- TOTAL SHAREHOLDERS' EQUITY 3,711,461 3,609,004 514,281 ---------------- ----------- -------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 5,493,079 4,968,990 708,077 ================ =========== ======== ATRENEW INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Amounts in thousands, except share and per share and otherwise noted) Three months ended September 30, Nine months ended September 30, -------------------------------------- ------------------------------------- 2023 2024 2023 2024 ------------ ------------------------ ----------- ------------------------ RMB RMB US$ RMB RMB US$ Net revenues Net product revenues 2,923,970 3,672,239 523,290 8,135,824 10,383,813 1,479,682 Net service revenues 332,787 378,999 54,007 956,386 1,095,264 156,074 Operating (expenses) income (1)(2) Merchandise costs (2,611,018) (3,242,843) (462,101) (7,188,902) (9,181,300) (1,308,325) Fulfillment expenses (287,704) (347,270) (49,486) (822,913) (985,325) (140,408) Selling and marketing expenses (299,491) (315,293) (44,929) (933,835) (990,607) (141,160) General and administrative expenses (69,826) (69,302) (9,875) (203,794) (215,671) (30,733) Technology and content expenses (39,430) (53,396) (7,609) (131,905) (153,391) (21,858) Other operating income, net 22,640 1,751 250 32,512 23,082 3,289 ----------- ----------- ----------- ----------- ----------- ----------- Income (loss) from operations (28,072) 24,885 3,547 (156,627) (24,135) (3,439) Interest expense (2,186) (3,615) (515) (5,498) (12,332) (1,757) Interest income 11,083 8,686 1,238 24,658 20,611 2,937 Other (loss) income, net (4,428) 47 7 (6,719) (41,305) (5,886) ----------- ----------- ----------- ----------- ----------- ----------- Income (loss) before income taxes and share of loss in equity method investments (23,603) 30,003 4,277 (144,186) (57,161) (8,145) Income tax benefits 10,047 5,949 848 33,607 24,536 3,496 Share of loss in equity method investments (30,632) (18,069) (2,575) (48,449) (53,028) (7,556) ----------- ----------- ----------- ----------- ----------- ----------- Net income (loss) (44,188) 17,883 2,550 (159,028) (85,653) (12,205) Net income (loss) per ordinary share: Basic (0.27) 0.11 0.02 (0.99) (0.53) (0.08) Diluted (0.27) 0.11 0.02 (0.99) (0.53) (0.08) Weighted average number of shares used in calculating net income (loss) per ordinary share Basic 161,338,983 161,405,774 161,405,774 161,393,190 162,011,110 162,011,110 Diluted 161,338,983 164,258,720 164,258,720 161,393,190 162,011,110 162,011,110 ----------- ----------- ----------- ----------- ----------- ----------- Net income (loss) (44,188) 17,883 2,550 (159,028) (85,653) (12,205) Foreign currency translation adjustments (5,676) (7,093) (1,011) 15,897 (7,183) (1,024) ----------- ----------- ----------- ----------- ----------- ----------- Total comprehensive income (loss) (49,864) 10,790 1,539 (143,131) (92,836) (13,229) ATRENEW INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (CONTINUED) (Amounts in thousands, except share and per share and otherwise noted) Three months ended September 30, Nine months ended September 30, ------------------------------ ------------------------------- 2023 2024 2023 2024 --------- ------------------- --------- -------------------- RMB RMB US$ RMB RMB US$ (1) Includes share-based compensation expenses as follows: Fulfillment expenses (5,362) (3,021) (430) (17,910) (15,992) (2,279) Selling and marketing expenses (5,165) (12,220) (1,741) (13,266) (56,792) (8,093) General and administrative expenses (19,239) (13,854) (1,974) (56,182) (45,924) (6,544) Technology and content expenses (5,218) (3,657) (521) (15,649) (13,611) (1,940) (2) Includes amortization of intangible assets and deferred cost resulting from assets and business acquisitions as follows: Selling and marketing expenses (66,412) (46,263) (6,592) (222,337) (169,154) (24,104) Technology and content expenses (482) (130) (19) (1,446) (981) (140) Reconciliations of GAAP and Non-GAAP Results (Amounts in thousands, except share and per share and otherwise noted) Three months ended September 30, Nine months ended September 30, -------------------------------------- ------------------------------------- 2023 2024 2023 2024 ------------ ------------------------ ----------- ------------------------ RMB RMB US$ RMB RMB US$ Income (loss) from operations (28,072) 24,885 3,547 (156,627) (24,135) (3,439) Add: Share-based compensation expenses 34,984 32,752 4,666 103,007 132,319 18,856 Amortization of intangible assets and deferred cost resulting from assets and business acquisitions 66,894 46,393 6,611 223,783 170,135 24,244 ----------- ----------- ----------- ----------- ----------- ----------- Adjusted income from operations (non-GAAP) 73,806 104,030 14,824 170,163 278,319 39,661 =========== =========== =========== =========== =========== =========== Net income (loss) (44,188) 17,883 2,550 (159,028) (85,653) (12,205) Add: Share-based compensation expenses 34,984 32,752 4,666 103,007 132,319 18,856 Amortization of intangible assets and deferred cost resulting from assets and business acquisitions 66,894 46,393 6,611 223,783 170,135 24,244 Less: Tax effects of amortization of intangible assets and deferred cost resulting from assets and business acquisitions (10,047) (6,972) (994) (33,607) (25,559) (3,642) ----------- ----------- ----------- ----------- ----------- ----------- Adjusted net income (non- GAAP) 47,643 90,056 12,833 134,155 191,242 27,253 =========== =========== =========== =========== =========== =========== Adjusted net income per ordinary share (non-GAAP): Basic 0.30 0.56 0.08 0.83 1.18 0.17 Diluted 0.29 0.55 0.08 0.80 1.16 0.17 Weighted average number of shares used in calculating net income per ordinary share Basic 161,338,983 161,405,774 161,405,774 161,393,190 162,011,110 162,011,110 Diluted 166,112,358 164,258,720 164,258,720 167,609,332 165,040,389 165,040,389

  • Nov 6, 2024

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