ATRenew Inc. (RERE) Q1 2023 Earnings Call Transcript

ATRenew Inc. (NYSE:RERE) Q1 2023 Earnings Conference Call May 23, 2023 8:00 AM ET

Company Participants

Jeremy Ji - Director of Corporate Development and Investor Relations

Kerry Chen - Co-Founder, Chairman and Chief Executive Officer

Rex Chen - Chief Financial Officer

Conference Call Participants

Joyce Ju - Bank of America

Operator

Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the ATRenew Inc.’s First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. We will be hosting a question-and-answer session after managements' prepared remarks. Please note today's event is being recorded.

I will now 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

Thank you. Hello everyone, and welcome to ATRenew's first quarter 2023 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.

The financial results were released earlier today. The earnings release and investor slides accompanying this call are available at our IR website ir.atrenew.com. There will also be a transcript following this call for your convenience in English and Chinese. For today's agenda, Kerry will share his thoughts of the quarterly performance and the business strategy, followed by Rex, who will address the financial highlights. Both Kerry and Rex will join the Q&A session.

Let me cover the Safe Harbor statements. Some of the information you will 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 obligations 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 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

[Foreign Language] Hello, everyone, and welcome to ATRenew's first quarter 2023 earnings conference call.