Q2 2025 ATRenew Inc Earnings Call Transcript
Key Points
- ATRenew Inc (RERE) reported a significant year-over-year revenue growth of 32.2%, exceeding the high end of their guidance.
- The company's 1P product revenue grew by 34% year-over-year, reaching RMB4.56 billion.
- Non-GAAP operating profit margin was 2.4%, meeting the full-year target.
- ATRenew Inc (RERE) expanded its store network to 2,092 AHS stores nationwide, enhancing user access to services.
- The company announced a three-year shareholder return program, committing to return no less than 60% of annual non-GAAP net profit to shareholders.
- The non-GAAP operating profit margin slightly declined by 6 basis points compared to the previous year.
- Fulfillment expenses increased by 26%, driven by higher personnel and logistics costs.
- Selling and marketing expenses rose by 14.9%, primarily due to increased advertising and promotional spending.
- General and administrative expenses increased by 6.9%, largely due to higher personnel costs.
- In lower-tier cities, the face-to-face fulfillment order ratio remained below 50%, indicating room for improvement in store density and staffing.
Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the ATR New Inc's second-quarter 2025 earnings conference call. (Operator Instructions) Please note, today's event is being recorded.
I will now turn the call over to the first speaker today, Mr. Jeremy Ji, Director of Corporate Development and Investor Relations of the company. Please go ahead, sir.
Thank you. Hello, everyone, and welcome to ATR New Inc's second-quarter earnings conference call. Speaking first today is Kerry Cheng, our Founder, Chairman and CEO, and he'll be followed by RexCon, our CFO. After that, we will open the call to questions from the end list. The second quarter 2025 financial results were released earlier today.
The earnings press release and the investor slides accompanying this call are now available at our IR website, atrenew.au.com. There'll also be a transcript following this call for your earning convenience. For today's agenda, Cary
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