AHS Recycle added a net total of nine self-operated stores in November, enhancing coverage in provincial capital and priority cities. Concurrently, the number of franchised standard stores in operation increased by a net total of 44, with increased penetration into lower-tier mass markets in regions like Guangdong, Hubei, and Xinjiang, thereby strengthening the service reach of AHS stores across various locations.

ATRenew reported its unaudited third quarter 2024 financial results with total net revenue increased by 24.4% year-over-year to RMB4.05 billion. On profitability milestones, its non-GAAP operating profit exceeded RMB100 million and GAAP incomes turned positive for the first time. On business operations, trade-in solutions offered by its C2B segment become increasingly popular. This trend was also seen in the fourth quarter 2024. During the Singles’ Day grand promotion, the total value of products recycled via JD.com increased by 77% year-on-year, while trade-in solution was the major growth driver during this period.

ATRenew’s practices of the circular economy in pre-owned consumer electronics industry was recognized by United Nations Global Compact's “Forward Faster: 20 Examples of Private Sector's Sustainable Development in China”. This prestigious acknowledgment highlights ATRenew’s practices as the only showcase from the secondhand consumer electronics industry. The case review in this instance was completed by a panel of experts composed of high-level representatives from the United Nations system and university specialists. Also included are the sustainable development practices in various fields by a total of 20 well-known enterprises and institutions, such as Tencent, Ant Group, Ctrip, CATL, and the China Development Bank.

AHS Recycle and L'Oréal Groupe made a joint appearance at the China International Import Expo, co-creating a new model of circular consumption through the “Revive” initiative. Starting from November 11th, users in approximately 30 cities across the country have the opportunity to receive exclusive benefits from L'Oréal Groupe by dropping off empty cosmetic containers of any brand through AHS Recycle’s recycling kiosks, thereby jointly building an environmentally friendly recycling and consumption concept.

AHS Recycle supports Beijing Yizhuang and Hubei Daye Half Marathons with environmental actions, recycling empty plastic bottles and packages on-site, and creating eco-friendly medals for finishers using plastic bottle caps. By doing so, they combine environmental awareness with the spirit of sports through general public events.

Jiangsu Province has allocated a certain scale of provincial fiscal funds for a special subsidy program on consumer electronic products, valid from November 27, 2024, to December 31, 2024, to subsidize the purchase needs of individual consumers for new mobile phones, tablets, digital cameras, etc. The subsidy standard is 15% of the product's sales price, up to RMB2,000. This subsidy requires offline redemption with personal ID verification.