ATRenew Reports Q4/FY23 Results, Announces $20M Buyback
Ticker: RERE · Form: 6-K · Filed: Mar 12, 2024 · CIK: 1838957
| Field | Detail |
|---|---|
| Company | Atrenew Inc. (RERE) |
| Form Type | 6-K |
| Filed Date | Mar 12, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $20 Million |
| Sentiment | mixed |
Sentiment: mixed
Topics: financial-results, share-repurchase, sec-filing
TL;DR
ATRenew dropped Q4/FY23 results and a $20M buyback.
AI Summary
ATRenew Inc. (formerly AiHuiShou International Co. Ltd.) filed a Form 6-K on March 12, 2024, reporting its unaudited fourth quarter and full year 2023 financial results. The filing also announced a US$20 million share repurchase program.
Why It Matters
The company is updating investors on its financial performance and demonstrating confidence in its future by initiating a significant share repurchase program.
Risk Assessment
Risk Level: medium — The filing contains financial results and a share repurchase announcement, which are standard disclosures but can impact stock price based on performance and future outlook.
Key Numbers
- US$20 million — Share Repurchase Program (Indicates management's confidence and commitment to returning value to shareholders.)
Key Players & Entities
- ATRenew Inc. (company) — Registrant
- AiHuiShou International Co. Ltd. (company) — Former Company Name
- US$20 million (dollar_amount) — Share repurchase program amount
- March 12, 2024 (date) — Filing date
- 2023 (date) — Financial reporting year
FAQ
What were ATRenew's unaudited fourth quarter and full year 2023 financial results?
The filing references Exhibit 99.1 which contains the unaudited fourth quarter and full year 2023 financial results, but the specific figures are not detailed in the provided text.
What is the total amount of the share repurchase program announced by ATRenew?
ATRenew announced a US$20 million share repurchase program.
When was ATRenew Inc. formerly known as AiHuiShou International Co. Ltd.?
The company was formerly known as AiHuiShou International Co. Ltd. with name changes noted on March 29, 2021, and January 5, 2021.
What form is ATRenew Inc. required to file annually?
ATRenew Inc. is required to file annual reports under cover of Form 20-F.
What is the principal executive office address for ATRenew Inc.?
The principal executive offices are located at 12th Floor, No. 6 Building, 433 Songhu Road, Shanghai, People's Republic of China.
Filing Stats: 162 words · 1 min read · ~1 pages · Grade level 9.1 · Accepted 2024-03-12 06:08:46
Key Financial Figures
- $20 Million — al Results 99.2 ATRenew Announces US$20 Million Share Repurchase Program SIGNATURES
Filing Documents
- rere-6k-2023y-q4.htm (6-K) — 19KB
- rere-ex99_1.htm (EX-99.1) — 573KB
- rere-ex99_2.htm (EX-99.2) — 13KB
- 0000950170-24-029632.txt ( ) — 607KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ATRenew Inc. By: /s/ Chen Chen Name: Chen Chen Title: Chief Financial Officer Date: March 12, 2024