China's ATRenew Q2 revenue rises on higher pre-owned electronics sales

ATRenew

20/08/2026 09:21

Overview
China recycling platform's Q2 revenue rose 32% yr/yr, driven by higher pre-owned electronics sales
Adjusted income from operations grew 70% yr/yr as company optimized sales channels and cost management
Company repurchased 1 mln ADSs for $4.2 mln in Q2, extended buyback program for 12 months

Outlook
ATRenew expects Q3 2026 revenue between RMB6,340 mln and RMB6,440 mln

Result Drivers
PRE-OWNED ELECTRONICS SALES - Co said revenue growth was mainly due to increased sales of pre-owned consumer electronics through online channels
PROMOTIONAL DISCOUNTS - Co said service revenue declined due to discretionary discounts on service fees during extended 618 grand promotion event
COST MANAGEMENT - Co said profit growth was supported by optimizing sales channels, upgrading store capabilities, and refined cost management

Company press release: ID:nPn5xT96xa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
RMB 6.61 bln
 
Q2 Adjusted EPS
 
RMB 0.97
 
Q2 Adjusted Net Income
 
RMB 157.1 mln
 
Q2 Net Income
 
RMB 129.1 mln
 
Q2 Adjusted Income from Operations
 
RMB 206.3 mln
 
Q2 Income from Operations
 
RMB 178.3 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $6.61, about 44% above its August 19 closing price of $4.59
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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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.)