ATRenew Inc. reported total net revenues of RMB5,149.2 million (US$723.3 million) for the third quarter of 2025, a 27.1% increase from RMB4,051.2 million in the same period of 2024. Income from operations reached RMB120.8 million (US$17.0 million), up 385.1% year-on-year, while adjusted income from operations (non-GAAP) was RMB140.3 million (US$19.7 million), a 34.9% increase from RMB104.0 million in the third quarter of 2024. The number of consumer products transacted was 10.9 million, compared to 9.1 million a year earlier. ATRenew expects total revenues for the fourth quarter of 2025 to be between RMB6,080.0 million and RMB6,180.0 million, representing a year-on-year increase of 25.4% to 27.4%. During the quarter, the company repurchased approximately 0.5 million ADSs for about US$2.1 million as part of a US$50 million share repurchase program announced in June 2025.