ATRenew (RERE): Secondhand Tech Giant Quietly Posting Record Profits
ATRenew (RERE) reported Q2 revenue of RMB 6.6B (+32.4% YoY) and net income of RMB 129.1M (+78.6% YoY). The company's 1P model drove growth, with gross margin rising to 15.7%. However, net service revenue fell 4.2% and gold recycling revenue dropped 35%. ATRenew expects Q3 revenue of RMB 6.3B-6.4B, a slower growth rate.

