24/7 Market News Snapshot 11 March, 2025 – ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) (NYSE:RERE)
DENVER, Colo., 11 March, 2025 (247marketnews.com) – (NYSE:RERE) are discussed in this article.
ATRenew Inc. (NYSE:RERE) has experienced significant momentum, with its stock opening at $3.35 and trading up to $3.495 today, marking a remarkable intraday increase of approximately 9.91% from the prior session’s close of $3.18. The current trading volume of 2.66 million shares underscores heightened investor interest, indicating a bullish trend that appears to be supported by strong market activity. Key resistance levels are noted around $3.50 and $3.60, while support is located approximately at $3.35, suggesting that the stock may continue to advance in the near term.
In addition to strong market activity, ATRenew recently reported robust financial results for the fourth quarter and full year ended December 31, 2024. The company achieved a notable 25.2% year-over-year revenue increase, with total net revenues reaching approximately RMB4.85 billion (US$664.4 million), up from RMB3.87 billion in the same period of the previous year. This growth was supported by an increase in transactions, rising to 9.4 million consumer products from 8.5 million year-over-year. Importantly, ATRenew reported an income from operations of RMB53.1 million (US$7.3 million), a significant contrast to the loss recorded in the corresponding quarter the prior year.
For the entire fiscal year, ATRenew’s total net revenues rose by 25.9% to RMB16.33 billion (US$2.24 billion), compared to RMB12.97 billion in 2023. The adjusted income from operations demonstrated noteworthy growth as well, up by 62.8% to RMB409.7 million (US$56.1 million), highlighting enhanced operational efficiency.
CEO Mr. Kerry Xuefeng Chen expressed confidence in the company’s direction, attributing its success to strategic expansion and increased consumer engagement in trade-in and recycling services. CFO Mr. Rex Chen emphasized the company’s commitment to navigating opportunities within the circular economy. Looking ahead, ATRenew anticipates revenues for the first quarter of 2025 to range between RMB4.55 billion and RMB4.65 billion, reinforcing expectations for sustained growth and operational progress.