ATRenew Inc., a leading platform for pre-owned consumer electronics transactions in China, has reported its unaudited financial results for Q1 2025, showcasing a 27.5% year-over-year increase in total net revenue, reaching RMB 4.65 billion. This growth highlights the company's effective operational strategies and the increasing consumer preference for environmentally sustainable consumption. The company experienced a significant boost in its C2B channel, with the value of consumer electronics recycled growing by over 50% year-over-year. This was supported by government subsidies for smartphone and digital product trade-ins, along with heightened demand for device upgrades on the JD.com platform. ATRenew expanded its reach by adding 458 new AHS Recycle stores and enhancing its door-to-door pickup service, aiming to deliver a faster and more reliable customer experience. Furthermore, the company's first-quarter transaction volumes and revenues across multiple categories surged nearly 200% year-over-year, reflecting robust growth momentum. In addition to these financial achievements, ATRenew launched its Paijitang flagship store in Shenzhen, setting a new standard for transparency in the secondhand electronics market. ATRenew remains committed to its long-term 'scenarios + supply chain' strategy, focusing on enhancing user experience and promoting sustainable consumption. The company's efforts to support the circular economy are evident through its ongoing innovations in recycling and reuse systems, as well as its strategic initiatives to make second-hand consumption a mainstream lifestyle choice. No specific financial outlook or guidance for future periods was provided in the report.