#Sustainability #China #Shanghai #ATRenew #pre-owned electronics

ATRenew Inc. Files 2024 Annual Report on Form 20-F

On April 11, 2025, ATRenew Inc., a prominent player in the technology-driven pre-owned consumer electronics sector, announced the filing of its annual report on Form 20-F with the Securities and Exchange Commission (SEC). This report covers the fiscal year that ended on December 31, 2024, showcasing the Company’s impressive business performance and ongoing commitment to environmental sustainability.

Understanding ATRenew's Impact

ATRenew, listed on the NYSE under the symbol RERE, has made significant strides since its inception in 2011. The Company is dedicated to breathing new life into used consumer electronics. By providing services that encourage recycling and trade-in of devices, ATRenew aims to diminish the environmental footprint typically associated with electronic waste. The annual report details how the Company has expanded its operations and improved its service offerings over the past year.

Currently based in Shanghai, ATRenew operates under a unique business model that integrates consumer-to-business (C2B), business-to-business (B2B), and business-to-consumer (B2C) services. This multi-faceted approach positions the Company to effectively serve a diverse customer base, from individual consumers to large enterprises. Their growth strategy involves leveraging advanced inspection and grading technologies which ensure that devices are accurately valued and processed.

Highlights from the 2024 Report

The 2024 annual report provides a comprehensive overview of ATRenew’s financial performance, including audited consolidated financial statements. For shareholders and American Depositary Share (ADS) holders, the Company offers free access to this report upon request. All inquiries can be directed to ATRenew's investor relations team, located at their corporate headquarters.

Key highlights from the report include:

• - Revenue Growth: ATRenew saw significant growth in revenue year-over-year, demonstrating a robust demand for their services in the pre-owned electronics market.
• - Environmental Initiatives: The Company has launched multiple initiatives aimed at promoting sustainability within the consumer electronics sector, reaffirming its position as a responsible corporate citizen.
• - Market Leadership: ATRenew’s commitment to quality and innovation has solidified its reputation as a market leader in China’s rapidly evolving IT landscape, particularly in pre-owned electronics transactions.

Commitment to Sustainability

An essential element of ATRenew’s business model is its adherence to environmental principles. As a participant in the United Nations Global Compact, ATRenew aligns its business practices with standard sustainability initiatives. The Company’s focus on recycling and extending the lifecycle of electronic devices directly addresses the substantial waste created by discarded technological goods. Through its platform, ATRenew not only enhances customer access to affordable electronics but also serves the larger purpose of protecting the environment.

Conclusion

With the release of the 2024 Annual Report, ATRenew Inc. reinforces its dedication to growth and sustainability within the consumer electronics market. The Company’s ability to adapt to changing market dynamics while upholding environmental responsibility is a testament to its vision and execution in the pre-owned electronics sector. As ATRenew continues to expand its influence and services, stakeholders can be assured of its commitment to excellence and sustainability for years to come.

For more details on ATRenew’s recent filings and its initiatives, please visit their official investor relations website at ATRenew Investor Relations or access the full report on the SEC’s website.