ATRenew Expanding Into Non-Electronic Categories In Q2 2022 Provides New Imaginary Space

Aug. 29, 2022 3:52 PM ETATRenew Inc. (RERE)
Liang Zhao, CFA profile picture
Liang Zhao, CFA
2.03K Followers

Summary

  • ATRenew’s Q2-22 quarterly revenue beat the guidance, despite the challenges posed by the COVID-19 resurgence in China.
  • ATRenew expanding into non-electronic categories in Q2-22 provides new imaginary space.
  • ATRenew is a dedicated ESG leader in China, increasing its awareness as the No.1 recycling brand.
  • ATRenew outlook in Q3-22. For the third quarter, the revenues are estimated to be between RMB2,500 million and RMB2,550 million, a 16.5%-18.8 increase over Q2-22.

Old electronic devices on a dark background. The concept of recycling and disposal of electronic waste.

Andrey Mitrofanov/iStock via Getty Images

Headquartered in Shanghai, ATRenew Inc. (NYSE:RERE) operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew. ATRenew is China's No.1 Pre-owned Consumer Electronics Transactions and Services Platform. Since its inception in 2011, ATRenew has been

This article was written by

Liang Zhao, CFA profile picture
2.03K Followers
I was born and raised in Northeast China, and studied engineering at school. I hold a master's degree in EE from China.My first job was a software engineer at Lucent Technologies based in Beijing. Later I became interested in Finance, studied for CFA, and transitioned to a Business Analyst in FinTech. In that role I was dealing with stock trading data in my day-to-day responsibilities.In 2015 I moved to Evanston, IL. pursuing my full-time MBA at the Kellogg School of Management, Northwestern University. I interned at UBS Equity Research, took the Asset Management Practicum at Kellogg, and participated in a number of stock pitch competitions. Throughout all those practices I became effective in financial modeling, fundamental research, and investment thesis development. I follow the broad technology sector, and particularly like tech platform businesses. My past five years have been all spent in Digital Advertising. Stock research is still my No.1 hobby. I look forward to sharing more of my thoughts on Ad Tech stocks.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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