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    Won Zhao

    Research Analyst at CICC

    No comprehensive professional information is publicly available for Won Zhao as an analyst at CICC, including details about job title, company coverage, performance metrics, career history, or professional credentials. No records or profiles were located on major career or analyst platforms, and attempts to identify a LinkedIn profile specifically referencing a Won Zhao in an analyst or research role at CICC were unsuccessful. Without verifiable, detailed data, a substantive professional profile cannot be provided at this time.

    Won Zhao's questions to ATRenew (RERE) leadership

    Won Zhao's questions to ATRenew (RERE) leadership • Q3 2024

    Question

    Won Zhao from CICC asked for more details on the progress of the multi-category recycling business, including its profit contribution and future growth strategy for the segment.

    Answer

    Xuefeng Chen Kerry, Founder, Chairman & CEO, stated that the asset-light multi-category business saw its recycling value increase 270% year-over-year in Q3, generating over RMB 30 million in service revenue, which is recognized as gross profit. He noted that 46% of this converted to store-level operating profit. Gold and luxury goods are the core categories, and 587 of the company's self-operated stores now offer these services, with plans to expand further.

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