China's ATRenew Q1 revenue rises 32% on higher pre-owned electronics sales

ATRenew

19/05/2026 09:11

Overview

China recycling platform's Q1 revenue rose 32% yr/yr on higher online product sales

Adjusted income from operations rose 70% yr/yr; adjusted net income rose 79.6%

Company extended share repurchase program for 12 months, with US$39.4 mln available

Outlook

ATRenew expects Q2 2026 revenue between RMB 6,240 mln and RMB 6,340 mln

Company aims to pursue rapid growth in scale and revenue

Result Drivers

ONLINE PRODUCT SALES - Higher sales of pre-owned consumer electronics through online channels drove revenue growth

OPERATIONAL REFINEMENTS - Expanded doorstep fulfillment, improved user awareness of recycling, and use of AI for pricing strengthened supply and user experience, per CEO Kerry Xuefeng Chen

COST OPTIMIZATION - Improved expense ratios and economies of scale boosted profitability, according to CFO Rex Chen

Company press release: ID:nPn570vcMa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
RMB 6.16 bln
Q1 Adjusted EPS
RMB 0.87
Q1 Adjusted Net Income
RMB 140.1 mln
Q1 Net Income
RMB 135.1 mln
Q1 Adjusted Income from Operations
RMB 190.5 mln
Q1 Income from Operations
RMB 185.3 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the department stores peer group is "buy."

Wall Street's median 12-month price target for ATRenew Inc is $7.80, about 73.3% above its May 18 closing price of $4.50

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)