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0.0563380281690141 0.0563380281690141 0 0 0.0387323943661973 0.0140845070422535 -0.0774647887323943 -0.102112676056338
Stock impact report

ATRenew Inc. Reports Unaudited First Quarter 2024 Financial Results [Yahoo! Finance]

ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) (RERE) 
Company Research Source: Yahoo! Finance
electronics transactions and services platform in China , today announced its unaudited financial results for the three months ended March 31 First Quarter 2024 Highlights Total net revenues grew by 27.1% to RMB3,651.1 million US$505.7 million ) from RMB2,871.8 million in the first quarter of 2023. Loss from operations was RMB43.4 million US$6.0 million ), compared to a loss from operations of RMB67.6 million in the first quarter of 2023. Adjusted income from operations (non-GAAP) [1] was RMB80.2 million US$11.1 million ), compared to RMB44.4 million in the first quarter of 2023. Number of consumer products transacted [2] was 8.4 million compared to 7.9 million in the first quarter of 2023. Mr. Kerry Xuefeng Chen , Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are pleased to see that our total net revenues in the first quarter of 2024 once again reached the high-end of our guidance, achieving 27.1% year-over-year growth. Both the scale of our self Show less Read more
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