ATRenew Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 12, 2024 at 04:00 am EDT
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ATRenew Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net income was CNY 2.78 million compared to net loss of CNY 2,151.25 million a year ago. Basic earnings per share from continuing operations was CNY 0.0133 compared to basic loss per share from continuing operations of CNY 8.82 a year ago. Diluted earnings per share from continuing operations was CNY 0.0133 compared to diluted loss per share from continuing operations of CNY 8.82 a year ago.
For the full year, net loss was CNY 156.25 million compared to CNY 2,467.94 million a year ago. Basic loss per share from continuing operations was CNY 0.64 compared to CNY 10.1067 a year ago. Diluted loss per share from continuing operations was CNY 0.64 compared to CNY 10.1067 a year ago.
ATRenew Inc, formerly AiHuiShou International Co Ltd, is a pre-owned consumer electronics transactions and services platform in China. The Company focuses on the recycling business of electronic digital products such as mobile phones and notebooks. The Company's main business includes selling products and providing services. Selling products is to purchase second-hand mobile phones and other consumer electronic products from consumers, small businesses, consumer electronics brands, e-commerce platforms and retailers through online and offline channels, and then conduct inspection, grading and pricing techniques to process second-hand consumer electronics Products and sell. Providing services is to provide online marketplaces to merchants and customers, and to charge commissions for transactions.
ATRENEW INC. 
