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    Joyce Yu

    Vice President and senior equity analyst at Bank of America

    Joyce Yu is a Vice President and senior equity analyst at Bank of America, specializing in equity research within the consumer and internet sectors. She covers high-profile companies such as Amazon, eBay, and Wayfair, and is recognized for her in-depth analysis and actionable stock recommendations, which have contributed to notable returns for institutional clients. Joyce began her career as an associate at J.P. Morgan in 2014 before joining Bank of America in 2018, steadily advancing through roles of increasing responsibility. She holds FINRA Series 7, 63, 86, and 87 licenses, and has been featured in several industry rankings for performance and insight within her coverage universe.

    Joyce Yu's questions to ATRenew (RERE) leadership

    Joyce Yu's questions to ATRenew (RERE) leadership • Q2 2025

    Question

    Joyce Yu from Bank of America inquired about ATRenew's growth expectations for the second half of the year, considering the strong first-half performance and a high comparison base in Q3 due to prior national subsidies. She also asked for any updated full-year revenue and profit targets.

    Answer

    Management expressed confidence in meeting second-half revenue growth targets, citing the long-term potential of the circular economy and upcoming new device launches in September. They highlighted two core strategies: maximizing recycling and fulfillment capabilities and establishing AHS Recycle as a leading brand. While maintaining a healthy profit outlook, they noted that scale effects are expected to drive operating profit margin improvements starting next year.

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