The company’s net income saw a sharp rise of 78.6% to RMB 129.1 million, compared to RMB 72.3 million in the same period last year. Adjusted income from operations climbed 70.1% to RMB 206.3 million, a performance executives attribute to refined cost management in back-office operations and the strategic optimization of AHS store capabilities. During the quarter, the firm processed 11.6 million consumer products, up from 10.3 million in 2025.
ATRenew Reports Revenue Surge as Second-Hand Electronics Demand Climbs
Shanghai-based electronics recycler ATRenew Inc. posted a 32.4% year-over-year revenue increase for the second quarter of 2026, reaching RMB 6,609.3 million. The growth, fueled by a robust 1P business model and expanded distribution, highlights the company's deepening footprint in both domestic and international pre-owned device markets.
While net product revenues grew by 35.9% due to strong online sales, net service revenues dipped slightly to RMB 414.6 million. Management noted this decline stemmed from discretionary service fee discounts offered during the 618 promotion period. Looking ahead, the company forecasts third-quarter revenues between RMB 6,340 million and RMB 6,440 million. ATRenew also continues its capital return efforts, repurchasing approximately 1 million ADSs during the quarter and extending its share repurchase program through June 2027.
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