China's ATRenew Q3 revenue rises driven by higher pre-owned electronics sales

Reuters
Nov 20
China's ATRenew Q3 revenue rises driven by higher pre-owned electronics sales

Overview

  • ATRenew Q3 revenue grows 27.1% yr/yr, driven by pre-owned electronics sales

  • Income from operations for Q3 rises 385.1% yr/yr

  • Company repurchased 0.5 mln ADSs for US$2.1 mln in Q3

Outlook

  • Company expects Q4 2025 revenue between RMB6,080 mln and RMB6,180 mln

  • Company anticipates leveraging economies of scale for improved profitability

Result Drivers

  • SCENARIO AND SUPPLY CHAIN - Co attributes growth to enhanced scenario and supply chain capabilities, improving transaction efficiency and user experience

  • FULFILLMENT EXPANSION - Expansion of fulfillment capabilities contributed to improved results

  • MULTI-CATEGORY RECYCLING - Growth driven by multi-category recycling services and AHS Recycles brand power

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

RMB 5.15 bln

Q3 Adjusted Net Income

RMB 110.20 mln

Q3 Net Income

RMB 90.80 mln

Q3 Adjusted Income from Operations

RMB 140.30 mln

Q3 Income from Operations

RMB 120.80 mln

Analyst Coverage

  • Wall Street's median 12-month price target for ATRenew Inc is $5.00, about 19.4% above its November 19 closing price of $4.03

  • The stock recently traded at 87 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nPn6FS27Ma

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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