ATRenew Inc. (RERE) Q3 2024 Earnings Call Transcript Summary
ATRenew Inc. (RERE) Q3 2024 Earnings Call Transcript Summary
Non-GAAP operating income stood at RMB 104 million, marking a significant improvement with a non-GAAP operating margin of 2.6%.The following is a summary of the ATRenew Inc. (RERE) Q3 2024 Earnings Call Transcript:
以下是萬物新生(愛回收)2024年第三季度業績會的總結：
Financial Performance:
財務表現：
ATRenew Inc. reported a 24.4% year-over-year growth in total revenue in Q3 2024, amounting to RMB 4.05 billion.
Net product revenues increased by 25.6%, largely driven by the sales of pre-owned consumer electronics.
Non-GAAP operating income stood at RMB 104 million, marking a significant improvement with a non-GAAP operating margin of 2.6%.
For the first time, the company achieved a GAAP operating income of RMB 24.9 million.
萬物新生(愛回收)在2024年第三季度的總營業收入同比增長24.4%，達到了人民幣40.5億。
淨產品收入增長了25.6%，主要受二手消費電子-半導體銷售的推動。
非公認會計原則的營業收入爲人民幣10400萬，非公認會計原則的營業利潤率爲2.6%，顯示出顯著改善。
公司首次實現了人民幣2490萬的公認會計原則營業收入。
Business Progress:
業務進展：
ATRenew expanded its physical store network to 1,637 stores, focusing on boosting the recycling of idle goods and enhancing service capabilities.
The company is driving growth through the multi-category recycling business, which saw a transaction value increase of 270% and service revenue growth of 400% year-over-year.
Participation in national consumer goods trade-in programs, highlighted by strong performance during promotional periods, shows significant growth potential.
萬物新生(愛回收)將其實體店網絡擴展至1637家，專注於促進閒置物品的回收和提升服務能力。
公司通過多品類回收業務推動增長，該業務的交易金額同比增長270%，服務收入增長400%。
參與國家消費品以舊換新項目，特別是在促銷期間表現強勁，顯示了顯著的增長潛力。
Opportunities:
機會：
The national consumption stimulus and trade-in subsidies in China presented an opportunity for ATRenew to leverage its established supply chain and fulfillment capabilities, enhancing its position in the pre-owned electronics market.
The expansion of the multi-category recycling business and collaborative efforts, such as the strategic partnership with L'Oreal Group for the Revive campaign, are anticipated to drive future growth and brand strength.
中國的國家消費刺激政策和以舊換新補貼爲萬物新生(愛回收)提供了利用其成熟供應鏈和履約能力的機會，增強了其在二手電子市場的地位。
多品類回收業務的擴展和合作努力，例如與歐萊雅集團的合作，在復甦活動中將推動未來增長和品牌實力。
Risks:
風險：
No explicit risks detected.
沒有發現任何明確風險。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
