ATRenew Engages in Global Circular Economy Dialogue
- Global Dialogue Participation: ATRenew represented China as the sole voice at the Circular Markets event on February 4, 2026, in London, focusing on infrastructure needs for the global circular economy, thereby enhancing the company's influence on the international stage.
- Market Dynamics Analysis: Jeremy Ji, Head of Corporate Strategy and International Business at ATRenew, highlighted the structural differences between China's pre-owned electronics market and Western counterparts, indicating that China's open market structure provides a unique competitive advantage for the company.
- Operational Infrastructure Development: The company has built automated operational infrastructure to standardize non-standard assets into a high-quality global supply chain, addressing the growing international demand for quality pre-owned products and promoting sustainable business development.
- International Market Opportunities: ATRenew aims to explore more business opportunities in the international market by enhancing operational capabilities to connect domestic supply with global circular value chains, striving to elevate China's position in the global circular market.
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- Global Dialogue Participation: ATRenew represented China as the sole voice at the Circular Markets event on February 4, 2026, in London, focusing on infrastructure needs for the global circular economy, thereby enhancing the company's influence on the international stage.
- Market Dynamics Analysis: Jeremy Ji, Head of Corporate Strategy and International Business at ATRenew, highlighted the structural differences between China's pre-owned electronics market and Western counterparts, indicating that China's open market structure provides a unique competitive advantage for the company.
- Operational Infrastructure Development: The company has built automated operational infrastructure to standardize non-standard assets into a high-quality global supply chain, addressing the growing international demand for quality pre-owned products and promoting sustainable business development.
- International Market Opportunities: ATRenew aims to explore more business opportunities in the international market by enhancing operational capabilities to connect domestic supply with global circular value chains, striving to elevate China's position in the global circular market.
- Credit Advantage: Ternium, as a leading steel producer in Latin America, showcases strong credit strength characterized by low leverage and ample liquidity, allowing it to invest during industry downturns and protect shareholder value.
- Value Investment: Ternium trades at earnings and cash flow multiples below normalized cycle peaks, reflecting persistent skepticism towards the steel industry, yet improved industry discipline lays the groundwork for future growth.
- Momentum Recovery: With stabilized pricing and recovered volumes, Ternium's stock is firmly in an intermediate and long-term uptrend, indicating increasing market recognition of its value.
- Market Positioning: Ternium's geographic exposure in Mexico and South America enables it to effectively meet infrastructure, automotive, and industrial demand, further solidifying its market leadership.
Company Growth and Revenue: ATRenew reported a 27% revenue increase in Q3, achieving record profits and improved gross margins, driven by strong direct-to-consumer sales and a growing awareness of its recycling services.
International Expansion Plans: The company has begun exporting Chinese devices and aims to enhance its global presence over the next two to three years, leveraging its established recycling capabilities and partnerships.
Three-Stage Development Strategy: ATRenew's strategy includes strengthening core capabilities, expanding its fulfillment team, and positioning its AHS Recycle brand as a leader in the recycling sector, while balancing new store openings with service team growth.
Diverse Product Offerings: The company is diversifying its product range beyond electronics to include items like luxury bags and vintage liquors, with its multi-category business experiencing significant growth, although it still represents a small portion of total revenue.

China's Ecommerce Market Growth: China's ecommerce market is expected to reach approximately $1.5 trillion by 2025, with strong consumer sentiment following the 618 Shopping Festival and ongoing U.S. tensions.
ATRenew's Record Revenues: ATRenew Inc reported a 27.1% year-on-year revenue growth to RMB 5.15 billion ($723.3 million) in Q3, driven by demand for pre-owned electronics and enhanced operational capabilities.
PDD Holdings Earnings Report: PDD Holdings Inc experienced a 9% year-on-year revenue growth to RMB 108.28 billion ($15.22 billion) in Q3, despite missing market expectations, while non-GAAP net income rose by 14%.
JD.com's Revenue and Investments: JD.com reported a 14.9% year-on-year revenue increase to RMB 299.1 billion ($42.0 billion) in Q3, with profitability under pressure due to investments in new businesses, particularly food delivery.
Financial Performance: ATRenew Inc. reported a 27.1% increase in total net revenues for Q3 2025, reaching RMB5,149.2 million (US$723.3 million), with a significant rise in income from operations by 385.1% year-on-year.
Operational Growth: The company transacted 10.9 million consumer products in Q3 2025, up from 9.1 million in the same period of 2024, reflecting strong demand in the pre-owned consumer electronics market.
Profitability Improvements: Adjusted income from operations rose by 34.9% year-on-year to RMB140.3 million (US$19.7 million), indicating enhanced operational efficiency and profitability metrics.
Future Outlook: ATRenew anticipates total revenues for Q4 2025 to be between RMB6,080.0 million and RMB6,180.0 million, projecting a year-over-year increase of 25.4% to 27.4%.
Earnings Release Announcement: ATRenew Inc. plans to release its unaudited financial results for Q3 2025 on November 20, 2025, before the U.S. market opens.
Conference Call Details: The company will hold an earnings conference call at 07:00 A.M. ET on the same day, with access numbers provided for international and domestic listeners.
Company Overview: ATRenew, based in Shanghai, operates a technology-driven platform for pre-owned consumer electronics, focusing on recycling and trade-in services since its inception in 2011.
Forward-Looking Statements: The press release includes forward-looking statements that involve risks and uncertainties, with a disclaimer regarding the potential for actual results to differ from expectations.









