AiHuiShou International Co. Ltd.
Q2 2022 Earnings Call
Aug 24, 2022, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to ATRenew Inc. second quarter 2022 earnings conference call. [Operator instructions] Please note, today's event is being recorded.
I would now like to turn the call over to the first speaker today, Mr. Jeremy Ji, director of corporate development and investor relations of the company. Please go ahead, sir.
Jeremy Ji -- Director of Corporate Development and Investor Relations
Thank you. Hello, everyone, and welcome to ATRenew's second quarter 2022 earnings conference call. Speaking first today is Kerry Chen, our founder, chairman, and CEO; and he will be followed by Rex Chen, our CFO. After that, we will open the call to questions from analysts.
Our second quarter 2022 financial results were released earlier today. The earnings release and investor slides accompanying this call are available at our IR website at ir.atrenew.com. There will also be a transcript following this call for your convenience. For today's agenda, Kerry will share his thoughts of the quarterly performance and business strategy, followed by Rex, who will address the financial highlights.
Both Kerry and Rex will join the Q&A session. Let me cover safe harbor statement. Some of the information you'll hear during our discussion today will consist of forward-looking statements and I refer you to our safe harbor statements in the earnings press release. Any forward-looking statements that management makes on this call are based on assumptions as of today and that ATRenew does not take any obligation to upgrade our assumptions on these statements.
Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of non-GAAP measures to GAAP measures. Finally, please note that unless otherwise stated, all figures mentioned during this conference call are in RMB and all comparisons are on a year-over-year basis. I'd now like to turn the call over to Kerry for business and strategy updates.
Kerry Chen -- Co-Founder, Chairman, and Chief Executive Officer
[Foreign language] Hello, everyone, and thank you for joining us on our second quarter 2022 earnings conference call. During the second quarter, we faced unprecedented challenges to our operations in the most complex external environment since the pandemic first occurred at the beginning of 2020. First of all, let's take a look at our business segments at the city level. The core 1P reception business locations, including Shanghai and Beijing, were adversely impacted by the pandemic, especially in Shanghai as the city endured COVID control measures for two consecutive months.