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Earnings Call Summary | ATRenew(RERE.US) Q1 2024 Earnings Conference

Earnings Call Summary | ATRenew(RERE.US) Q1 2024 Earnings Conference

業績電話會議摘要 | AtRenew (RERE.US) 2024 年第一季度業績會議
富途資訊 ·  05/21 06:32  · 電話會議

The following is a summary of the ATRenew Inc. (RERE) Q1 2024 Earnings Call Transcript:

以下是AtRenew Inc.(RERE)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • ATRenew reported a 27.1% increase in total revenues for Q1 2024, reaching RMB3.65 billion. The high growth was primarily due to a boost in net product revenues from the 1P business, which increased by 28.5% YoY, and a 15.1% YoY increase in net service revenues.

  • The company achieved a significant operational income of RMB80.2 million, representing a YoY increase of 80.6%.

  • The non-GAAP operating margin improved by 70 basis points YoY to 2.2%, while the non-GAAP selling and marketing expenses as a percentage of total revenues decreased to 6.1% from 7.5%.

  • The company held robust cash and cash equivalents, restricted cash, short-term investments, and funds receivable from third-party payment service providers totaling RMB2.6 billion.

  • AtRenew報告稱,2024年第一季度的總收入增長了27.1%,達到人民幣36.5億元。高增長的主要原因是1P業務淨產品收入的增加,該業務同比增長28.5%,淨服務收入同比增長15.1%。

  • 該公司實現了可觀的營業收入爲人民幣8,020萬元,同比增長80.6%。

  • 非公認會計准則營業利潤率同比增長70個點子至2.2%,而非公認會計准則銷售和營銷費用佔總收入的百分比從7.5%下降至6.1%。

  • 該公司持有大量現金和現金等價物、限制性現金、短期投資以及來自第三方支付服務提供商的應收資金,總額爲人民幣26億元。

Business Progress:

業務進展:

  • ATRenew has continued to strengthen its recycling capabilities and strategic partnerships with companies like JD.com and Apple. This has resulted in a 43% YoY increase in the gross recycling transaction value.

  • The company continued its expansion with 711 self-operated AHS stores and 557 standard joint operated AHS stores.

  • The transaction value of the company's multi-category recycling business quadrupled YoY to RMB600 in the first quarter of 2024, thanks to the multi-category strategy introduced in 2022.

  • ATRenew aims to enhance user experience, increase brand awareness, and further penetrate the market with one-stop circular consumption solutions. The company expects total revenues for Q2 2024 to increase 23.8% to 27.2% YoY.

  • AtRenew繼續加強其回收能力以及與京東和蘋果等公司的戰略合作伙伴關係。這導致回收交易總額同比增長43%。

  • 該公司繼續擴張,擁有711家自營AHS門店和557家標準聯合經營的AHS門店。

  • 得益於2022年推出的多類別戰略,該公司多類別回收業務的交易額在2024年第一季度同比增長了三倍,達到 RMB600。

  • AtRenew旨在通過一站式循環消費解決方案增強用戶體驗,提高品牌知名度,並進一步滲透市場。該公司預計,2024年第二季度的總收入將同比增長23.8%至27.2%。

More details: ATRenew IR

更多詳情: atRenew IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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