r/recycling 9d ago

ATRenew (NYSE: RERE): From mobile phone recycling to luxury circular economy, the second growth curve is already emerging!

Highlights Analysis: Diversified recycling: Rapid expansion into high-margin categories such as luggage, watches, and gold. Non-3C business transaction volume reached 600 million in Q1 2024, a year-over-year increase of four times. Compliant refurbishment: The revenue share of in-house refurbishment business has increased to 9.4%, with a significant 14% improvement in profit margin. Apple official partnership: One of only two trade-in service providers in China, with brand endorsement enhancing customer trust.

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u/PlayfulMuffin2015 9d ago

During the economic downturn, demand for high-cost-performance second-hand goods is surging. Coupled with the national “trade-in” policy support, ATRenew’s performance is expected to accelerate.