What is the market's earnings forecast for ATRenew next quarter?

What is ATRenew's latest dividend and current dividend yield?

What were the key takeaways from ATRenew’s earnings call?

What guidance did ATRenew's management provide for the next earnings period?

What were the key takeaways from ATRenew's earnings call?

What is the revenue and EPS growth rate for ATRenew year over year?

Did ATRenew beat or miss consensus estimates last quarter?

What is ATRenew's gross profit margin?

- **Revenue Surge**: Q3 revenue hit RMB 5.15 billion (+27.1% YoY), driven by 1P product growth (+28.7%) and multi-category expansion.
- **Profit Margin Expansion**: Non-GAAP operating profit up 34.9% to RMB 140 million, with margin improving to 2.7%.
- **Trade-in Dominance**: 1P2C revenue占比 jumps to 36.4%, reflecting strong retail channel diversification.
- **Global Ambitions**: Monthly exports exceed 10,000 units, with plans to replicate PJT Marketplace internationally.
- **Sustainability Milestone**: Earthshot Prize finalist for circular economy leadership.

**【CEO Summary Section】**
- **Revenue Growth**: Total net revenue reached RMB 5.15 billion, up 27.1% YoY. 1P product revenue rose 28.7% to RMB 4.73 billion, while 3P platform service revenue increased 11.6% to RMB 420 million.
- **Profitability**: Non-GAAP operating profit reached RMB 140 million (34.9% YoY growth), with margin at 2.7%.
- **Trade-in Expansion**: 1P2C revenue surged 70% YoY, accounting for 36.4% of product revenue. AHS Recycle store network expanded to 2,195 locations, with 88% equipped for multi-category services.
- **International Strategy**: Monthly exports of China-sourced devices exceeded 10,000 units, targeting global expansion through PJT Marketplace.
- **Sustainability Recognition**: Named a finalist for the Earthshot Prize for circular economy contributions.

**【CFO Financial Commentary】**
- **Revenue Breakdown**: Net product revenue up 28.7%, service revenue up 11.6%. Marketplace take rate 4.89%, with multi-category services contributing RMB 53 million (12.5% of service revenue).
- **Gross Margin**: 1P gross margin improved to 13.4% (from 11.7%), driven by retail channel diversification.
- **Expense Management**: Fulfillment expenses rose 25.9% but margin decreased to 8.4%. S&M expenses up 15.4%, G&A up 6.9%.
- **Q4 Guidance**: Revenue expected between RMB 6.08 billion and RMB 6.18 billion (25.4%-27.4% YoY growth). Full-year 2025 revenue projected at RMB 20.87-20.97 billion (27.8%-28.5% YoY).

**【Q&A Highlights】**
- **Trade-in Impact**: National subsidies limited to devices under RMB 6,000, but AHS Recycle achieved >10% trade-in penetration on JD.com. Trade-in programs drive upgrades and protect brand pricing.
- **Store Expansion**: Focus on quality over quantity, with 88% self-operated stores offering multi-category services. Franchisee expansion in mid/lower-tier cities.
- **Multi-Category Growth**: Gold recycling and luxury goods dominate multi-category, with take rates optimized for user value. Consignment model in Paipai grew 180% YoY.
- **2026 Outlook**: Maintain rapid growth through trade-in penetration, brand strength, and supply chain efficiency.

RERE

RERE fundamentals

You can ask Aime