2023 Q4 Form 20-F Financial Statement

#000095017024043854 Filed on April 12, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $3.874B $12.97B
YoY Change 29.93% 31.37%
Cost Of Revenue $3.451B $11.46B
YoY Change 30.45% 31.45%
Gross Profit $422.5M $1.503B
YoY Change 25.86% 30.77%
Gross Profit Margin 10.91% 11.59%
Selling, General & Admin $312.8M $213.6M
YoY Change -46.24% -84.89%
% of Gross Profit 74.03% 14.22%
Research & Development $63.29M $193.8M
YoY Change 19.7% -12.52%
% of Gross Profit 14.98% 12.89%
Depreciation & Amortization $66.89M $47.01M
YoY Change -25.94% -86.91%
% of Gross Profit 15.83% 3.13%
Operating Expenses $439.2M $213.6M
YoY Change -39.53% -89.06%
Operating Profit -$16.71M -$24.41M
YoY Change -95.72% -96.96%
Interest Expense $11.66M $994.0K
YoY Change 519.17% -91.44%
% of Operating Profit
Other Income/Expense, Net $832.0K -$829.0K
YoY Change -106.08% -102.14%
Pretax Income -$4.220M -$110.0M
YoY Change -99.81% -95.73%
Income Tax -$8.923M -$42.53M
% Of Pretax Income
Net Earnings $2.778M -$156.3M
YoY Change -100.13% -93.67%
Net Earnings / Revenue 0.07% -1.21%
Basic Earnings Per Share -$0.96
Diluted Earnings Per Share $0.02 -$0.96
COMMON SHARES
Basic Shares Outstanding 162.2M
Diluted Shares Outstanding 162.2M

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.389B $2.389B
YoY Change -3.89% -3.89%
Cash & Equivalents $278.7M $1.979B
Short-Term Investments $410.5M $410.5M
Other Short-Term Assets $777.6M $777.6M
YoY Change 44.25% 44.25%
Inventory $143.3M $1.017B
Prepaid Expenses
Receivables $56.81M
Other Receivables
Total Short-Term Assets $637.6M $4.527B
YoY Change -83.61% 16.36%
LONG-TERM ASSETS
Property, Plant & Equipment $148.2M $148.2M
YoY Change 24.98% 24.98%
Goodwill
YoY Change
Intangibles $38.12M
YoY Change -51.73%
Long-Term Investments $467.1M $467.1M
YoY Change 112.72% 112.72%
Other Assets $11.33M $80.41M
YoY Change -95.89% -70.84%
Total Long-Term Assets $136.1M $966.4M
YoY Change -88.25% -16.59%
TOTAL ASSETS
Total Short-Term Assets $637.6M $4.527B
Total Long-Term Assets $136.1M $966.4M
Total Assets $773.7M $5.493B
YoY Change -84.68% 8.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.97M $532.3M
YoY Change 2.23% 625.84%
Accrued Expenses $611.5M $611.5M
YoY Change 5.08% 5.08%
Deferred Revenue $16.86M
YoY Change -40.47%
Short-Term Debt $349.9M
YoY Change 182.24%
Long-Term Debt Due $349.9M $349.9M
YoY Change 182.24% 182.24%
Total Short-Term Liabilities $238.2M $1.691B
YoY Change -76.69% 65.47%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $22.50M $22.50M
YoY Change -32.9% -32.9%
Total Long-Term Liabilities $12.70M $22.50M
YoY Change -62.12% -32.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $238.2M $1.691B
Total Long-Term Liabilities $12.70M $22.50M
Total Liabilities $250.9M $1.782B
YoY Change -78.5% 52.66%
SHAREHOLDERS EQUITY
Retained Earnings -$1.291B
YoY Change -1.17%
Common Stock $1.869B
YoY Change -1.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.711B $3.711B
YoY Change
Total Liabilities & Shareholders Equity $773.7M $5.493B
YoY Change -84.68% 8.8%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $2.778M -$156.3M
YoY Change -100.13% -93.67%
Depreciation, Depletion And Amortization $66.89M $47.01M
YoY Change -25.94% -86.91%
Cash From Operating Activities $34.35M
YoY Change -73.12%
INVESTING ACTIVITIES
Capital Expenditures $12.00M
YoY Change 34.64%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $24.23M
YoY Change -132.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $22.55M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.677M
YoY Change -135.88%
NET CHANGE
Cash From Operating Activities 34.35M
Cash From Investing Activities 24.23M
Cash From Financing Activities 9.677M
Net Change In Cash 68.60M
YoY Change 140.2%
FREE CASH FLOW
Cash From Operating Activities $34.35M
Capital Expenditures $12.00M
Free Cash Flow $22.35M
YoY Change -81.19%

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CY2023 us-gaap Earnings Per Share Basic
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CY2023 us-gaap Net Income Loss
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CY2023 us-gaap Net Income Loss
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CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2023 rere Comprehensive Income Loss Attributable To Ordinary Shareholders
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CY2023 rere Provision For Allowance For Credit Losses
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CY2021 rere Write Down Of Inventories
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CY2023 rere Write Down Of Inventories
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CY2023 rere Write Down Of Inventories
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CY2022 rere Fair Value Change Of Investments
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CY2023 rere Fair Value Change Of Investments
FairValueChangeOfInvestments
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CY2023 rere Fair Value Change Of Investments
FairValueChangeOfInvestments
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IncreaseDecreaseInPrepaymentsAndOtherReceivablesNet
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CY2023 rere Increase Decrease In Prepayments And Other Receivables Net
IncreaseDecreaseInPrepaymentsAndOtherReceivablesNet
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IncreaseDecreaseInPrepaymentsAndOtherReceivablesNet
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CY2022 us-gaap Increase Decrease In Due From Related Parties Current
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CY2023 us-gaap Increase Decrease In Due From Related Parties Current
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CY2021 rere Increase Decrease In Funds Receivable From Third Party Payment Service Provider
IncreaseDecreaseInFundsReceivableFromThirdPartyPaymentServiceProvider
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CY2022 rere Increase Decrease In Funds Receivable From Third Party Payment Service Provider
IncreaseDecreaseInFundsReceivableFromThirdPartyPaymentServiceProvider
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CY2023 rere Increase Decrease In Funds Receivable From Third Party Payment Service Provider
IncreaseDecreaseInFundsReceivableFromThirdPartyPaymentServiceProvider
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CY2023 rere Increase Decrease In Funds Receivable From Third Party Payment Service Provider
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CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2021 us-gaap Increase Decrease In Accounts Payable Trade
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CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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IncreaseDecreaseInAccountsPayableTrade
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CY2023 us-gaap Increase Decrease In Accounts Payable Trade
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023 rere Increase Decrease In Accrued Expenses And Other Current Liabilities
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CY2023 us-gaap Increase Decrease In Employee Related Liabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable Related Parties
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CY2023 us-gaap Increase Decrease In Accounts Payable Related Parties
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IncreaseDecreaseInDeferredLiabilities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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PaymentsToAcquirePropertyPlantAndEquipment
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Short Term Investments
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CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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CY2022 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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CY2023 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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CY2023 us-gaap Payments To Acquire Longterm Investments
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CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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LoansToThirdParties
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LoansToThirdParties
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LoansToThirdParties
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RepaymentForLoanToRelatedParties
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CY2022 rere Repayment For Loan To Related Parties
RepaymentForLoanToRelatedParties
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CY2023 rere Repayment For Loan To Related Parties
RepaymentForLoanToRelatedParties
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CY2023 rere Repayment For Loan To Related Parties
RepaymentForLoanToRelatedParties
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RepaymentForLoanToThirdParty
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CY2022 rere Repayment For Loan To Third Party
RepaymentForLoanToThirdParty
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RepaymentForLoanToThirdParty
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CY2023 rere Repayment For Loan To Third Party
RepaymentForLoanToThirdParty
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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ProceedsFromStockOptionsExercised
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CY2023 us-gaap Proceeds From Stock Options Exercised
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CY2023 us-gaap Payments For Repurchase Of Common Stock
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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588266000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
196984000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
487070000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
68602000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
918376000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1506642000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1703626000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
239951000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1506642000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1703626000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2190696000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
308553000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1356342000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1703626000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1978696000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
278694000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
150300000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
210000000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
29578000
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2000000
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
281000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1506642000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1703626000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2190696000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
308553000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
16778000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
6163000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
7056000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
994000
CY2021 rere Cash Paid For Amounts Included In Measurement Of Operating Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities
37119000
CY2022 rere Cash Paid For Amounts Included In Measurement Of Operating Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities
56646000
CY2023 rere Cash Paid For Amounts Included In Measurement Of Operating Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities
49335000
CY2023 rere Cash Paid For Amounts Included In Measurement Of Operating Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities
6949000
CY2021 rere Non Cash Right Of Use Assets Obtained In Exchange For Operating Lease Liabilities
NonCashRightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities
72913000
CY2022 rere Non Cash Right Of Use Assets Obtained In Exchange For Operating Lease Liabilities
NonCashRightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities
62609000
CY2023 rere Non Cash Right Of Use Assets Obtained In Exchange For Operating Lease Liabilities
NonCashRightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities
28003000
CY2023 rere Non Cash Right Of Use Assets Obtained In Exchange For Operating Lease Liabilities
NonCashRightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities
3944000
CY2021 rere Accretion On Convertible Redeemable Preferred Shares
AccretionOnConvertibleRedeemablePreferredShares
508627000
CY2021 rere Exercise Of Warrant
ExerciseOfWarrant
10345000
CY2021 rere Cash Payable For Preferred Shares Issuance Costs
CashPayableForPreferredSharesIssuanceCosts
5220000
CY2021 us-gaap Contribution Of Property
ContributionOfProperty
3258000
CY2022 us-gaap Contribution Of Property
ContributionOfProperty
8193000
CY2023 us-gaap Contribution Of Property
ContributionOfProperty
2253000
CY2023 us-gaap Contribution Of Property
ContributionOfProperty
317000
CY2021 rere Receivable From Long Term Investments
ReceivableFromLongTermInvestments
22315000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">2.3 Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:5.667%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ materially from such estimates. Significant accounting estimates reflected in the Group’s consolidated financial statements include valuation of convertible redeemable preferred shares, convertible bonds, and share-based compensation, assessment for impairment of long-lived assets, including intangible assets, deferred cost, goodwill and long-term investments, fair value of assets and liabilities acquired in business combination, discount rate of operating lease liabilities, inventory write-down, estimating the current expected credit losses on financial assets, depreciable lives of property and equipment, and useful life of intangible assets and realization of deferred tax assets.</span></p>
CY2023Q4 rere Calculated Rate Per Shares
CalculatedRatePerShares
7.0999
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
2595000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
8931000
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
45749000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1819926000
CY2023 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
206925000
CY2021 us-gaap Debt And Equity Securities Unrealized Gain Loss Excluding Other Than Temporary Impairment
DebtAndEquitySecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairment
467000
CY2022 us-gaap Debt And Equity Securities Unrealized Gain Loss Excluding Other Than Temporary Impairment
DebtAndEquitySecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairment
0
CY2023 us-gaap Debt And Equity Securities Unrealized Gain Loss Excluding Other Than Temporary Impairment
DebtAndEquitySecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairment
-1303000
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
12186000
CY2023 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
150621000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
56813000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
195369000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
119715000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33884000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
211964000
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
195369000
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
0
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
0
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
0
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3114000
CY2023Q4 rere Finite Lived Intangible Assets Amortization Expense Year Five And Thereafter
FiniteLivedIntangibleAssetsAmortizationExpenseYearFiveAndThereafter
4426000
CY2023 rere Merchandise Costs Policy Text Bock
MerchandiseCostsPolicyTextBock
<p style="font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">2.18 Merchandise costs</span></p><p style="text-indent:5.667%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Merchandise costs primarily consists of cost of acquired products, inbound shipping charges and inventory write-downs.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2021 us-gaap Advertising Expense
AdvertisingExpense
82340000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
82921000
CY2023 us-gaap Advertising Expense
AdvertisingExpense
124658000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
93142000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
101204000
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
101858000
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">2.30 Certain risks and concentrations</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:5.667%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The revenues and expenses of the Group’s entities in the PRC are generally denominated in RMB and their assets and liabilities are denominated in RMB. The RMB is not freely convertible into foreign currencies. Remittances of foreign currencies into the PRC or remittances of RMB out of the PRC as well as exchange between RMB and foreign currencies require approval by foreign exchange administrative authorities and certain supporting documentation. The State Administration for Foreign Exchange, under the authority of the People’s Bank of China, controls the conversion of RMB into other currencies. </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">No</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customer individually represents greater than </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">10</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of the total net revenues.</span></p><p style="text-indent:5.667%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and cash equivalents, other receivable, net, short-term investments, amount due from related parties and funds receivable from third party payment service providers. The Group places its cash and cash equivalents, short-term investments with financial institutions with high-credit ratings and quality. Amount due from related parties and funds receivable from third party payment service providers primarily comprise of the receivable from customers, where the amount is under the Group’s name on these online platforms. Due to the nature of the arrangement, the Group considers there to be no collection risks. Other receivables, net mainly consists of customer deposits where the Group paid on behalf of the business buyers for the purchase deposit and loan to business partners. The Group conducts credit evaluations on vendors and borrowers and require certain amounts of security deposits from them to manage its credit risk.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
35797000
CY2023Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
41493000
CY2022Q4 rere Customer Deposits Prepaid
CustomerDepositsPrepaid
73861000
CY2023Q4 rere Customer Deposits Prepaid
CustomerDepositsPrepaid
83467000
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
150621000
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
56813000
CY2022Q4 us-gaap Supplies
Supplies
73475000
CY2023Q4 us-gaap Supplies
Supplies
82710000
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
99547000
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
125663000
CY2022Q4 rere Loan Amount Receivable From Business Partners
LoanAmountReceivableFromBusinessPartners
9000000
CY2023Q4 rere Loan Amount Receivable From Business Partners
LoanAmountReceivableFromBusinessPartners
122531000
CY2022Q4 rere Cash Advanced To Staff
CashAdvancedToStaff
39130000
CY2023Q4 rere Cash Advanced To Staff
CashAdvancedToStaff
43556000
CY2022Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
87065000
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
43345000
CY2023Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
27443000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2358000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
16054000
CY2022Q4 rere Deferred Cost Accumulated Impairment Loss
DeferredCostAccumulatedImpairmentLoss
70406000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
539077000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
567622000
CY2023Q4 rere Loan Amount Receivable From Business Partners
LoanAmountReceivableFromBusinessPartners
17300000
CY2023Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.05
CY2022 rere Impairment Loss On Deferred Costs
ImpairmentLossOnDeferredCosts
70406000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
277204000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
320454000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
166244000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
199753000
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
7640000
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
27522000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
118600000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
148223000
CY2021 us-gaap Depreciation
Depreciation
36670000
CY2022 us-gaap Depreciation
Depreciation
45815000
CY2023 us-gaap Depreciation
Depreciation
43053000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1985787000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1985787000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1234212000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1508231000
CY2022Q4 rere Finite Lived Intangible Assets Accumulated Impairment Loss
FiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
206925000
CY2023Q4 rere Finite Lived Intangible Assets Accumulated Impairment Loss
FiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
206925000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
544650000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
270631000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
317795000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
324236000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
274019000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
197141000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
62836000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3114000
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
206925000
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
219583000
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
467095000
CY2021Q4 us-gaap Goodwill
Goodwill
1803415000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16511000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1819926000
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1819926000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
123983000
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
349931000
CY2022 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0454
CY2023 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0351
CY2022Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
151167000
CY2023Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
228187000
CY2022Q4 rere Fulfillment Payable Current
FulfillmentPayableCurrent
96668000
CY2023Q4 rere Fulfillment Payable Current
FulfillmentPayableCurrent
102509000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
90407000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
69421000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46426000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
33509000
CY2022Q4 rere Collection On Behalf Of Others Current
CollectionOnBehalfOfOthersCurrent
23305000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
41516000
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
31497000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
449489000
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
465123000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-882229000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2616828000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-109968000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-71618000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
43579000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-38438000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-953847000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2573249000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-148406000
CY2022 us-gaap Current Income Tax Expense Benefit
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CY2023 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2021 rere Effective Income Tax Rate Reconciliation Super Deduction On Technology And Content Expenses
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CY2022 rere Effective Income Tax Rate Reconciliation Super Deduction On Technology And Content Expenses
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CY2023 rere Effective Income Tax Rate Reconciliation Super Deduction On Technology And Content Expenses
EffectiveIncomeTaxRateReconciliationSuperDeductionOnTechnologyAndContentExpenses
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CY2021 rere Effective Income Tax Rate Reconciliation Effect Of Preferential Tax Rate For High Tech Enterprises
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CY2022 rere Effective Income Tax Rate Reconciliation Effect Of Preferential Tax Rate For High Tech Enterprises
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CY2023 rere Effective Income Tax Rate Reconciliation Effect Of Preferential Tax Rate For High Tech Enterprises
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2021 rere Effective Income Tax Rate Reconciliation Effect Of Expired Tax Loss
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CY2021 rere Effective Income Tax Rate Reconciliation True Up
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CY2022 rere Effective Income Tax Rate Reconciliation True Up
EffectiveIncomeTaxRateReconciliationTrueUp
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CY2023 rere Effective Income Tax Rate Reconciliation True Up
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 rere Preferential Tax Rate Effect
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CY2023 rere Preferential Tax Rate Effect
PreferentialTaxRateEffect
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CY2022Q4 us-gaap Deferred Tax Assets Inventory
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CY2023Q4 us-gaap Deferred Tax Assets Inventory
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CY2022Q4 rere Deferred Tax Assets Unrealized Fair Value Losses For Certain Investments
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CY2023Q4 rere Deferred Tax Assets Unrealized Fair Value Losses For Certain Investments
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CY2022Q4 rere Deferred Tax Assets Impairment Loss Of Long Term Investments
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 rere Deferred Tax Liabilities Identifiable Intangible Assets And Deferred Cost Acquired
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CY2022Q4 rere Deferred Tax Liabilities Identifiable Intangible Assets And Deferred Cost Acquired
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CY2023Q4 rere Deferred Tax Liabilities Identifiable Intangible Assets And Deferred Cost Acquired
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CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021 rere Deferred Tax Asset Valuation Allowance Additions Net Of Foreign Exchange Impacts
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CY2022 rere Deferred Tax Asset Valuation Allowance Additions Net Of Foreign Exchange Impacts
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CY2023 rere Deferred Tax Asset Valuation Allowance Additions Net Of Foreign Exchange Impacts
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023 rere Percentage Of Tax Withholding Rate If The Investor Holds Less Than Twenty Five Percent In Foreign Invested Enterprises
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CY2021 rere Percentage Of Tax Withholding Rate If The Investor Holds At Least Twenty Five Percent In Foreign Invested Enterprises
PercentageOfTaxWithholdingRateIfTheInvestorHoldsAtLeastTwentyFivePercentInForeignInvestedEnterprises
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CY2022 rere Percentage Of Tax Withholding Rate If The Investor Holds At Least Twenty Five Percent In Foreign Invested Enterprises
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CY2023 rere Percentage Of Tax Withholding Rate If The Investor Holds At Least Twenty Five Percent In Foreign Invested Enterprises
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CY2021Q4 rere Accrued Deferred Tax Liabilities
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CY2022Q4 rere Accrued Deferred Tax Liabilities
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CY2023Q4 rere Accrued Deferred Tax Liabilities
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CY2023Q4 us-gaap Common Stock Shares Authorized
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CY2021 rere Temporary Equity Issuance Upon Conversion Of Convertible Bonds Shares
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CY2021 rere Temporary Equity Issuance Upon Conversion Of Convertible Bonds Value
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CY2021 rere Temporary Equity Convert To Class A Ordinary Share Shares
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CY2023Q4 rere Convertible Redeemable Preferred Stock Dividends Declared
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CY2022 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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CY2023 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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CY2023 us-gaap Treasury Stock Value Acquired Cost Method
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CY2022 us-gaap Treasury Stock Value Acquired Cost Method
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CY2023 us-gaap Treasury Stock Value Acquired Cost Method
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CY2022 us-gaap Treasury Stock Value Acquired Par Value Method
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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162819410
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162160835
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162160835
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-13.76
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-13.76
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-15.16
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-15.16
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.96
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.96
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17958771
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17015617
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13911531
CY2023 rere Minimum Requirements Of After Tax Profit Allocation
MinimumRequirementsOfAfterTaxProfitAllocation
0.10
CY2023 rere Rate Of Right To Discontinue Allocation To Statutory Reserve
RateOfRightToDiscontinueAllocationToStatutoryReserve
0.50
CY2022Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
481846000
CY2023Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
3024921000
CY2021 rere Interest Income From Related Party
InterestIncomeFromRelatedParty
1272000
CY2023 rere Interest Income From Related Party
InterestIncomeFromRelatedParty
2420000
CY2022Q4 rere Amount Due From Related Parties
AmountDueFromRelatedParties
295642000
CY2023Q4 rere Amount Due From Related Parties
AmountDueFromRelatedParties
89982000
CY2022Q4 rere Amount Due To Related Parties Current
AmountDueToRelatedPartiesCurrent
47604000
CY2023Q4 rere Amount Due To Related Parties Current
AmountDueToRelatedPartiesCurrent
78032000
CY2023 rere Number Of New Product Suppliers
NumberOfNewProductSuppliers
1
CY2023 rere Cash Pledged As Security Of Guarantees
CashPledgedAsSecurityOfGuarantees
212000000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
56004000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M17D
CY2023 us-gaap Supplier Finance Program Obligation Increase
SupplierFinanceProgramObligationIncrease
895161000
CY2023 us-gaap Supplier Finance Program Obligation Decrease Settlement
SupplierFinanceProgramObligationDecreaseSettlement
438196000
CY2023Q4 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
456965000
CY2023 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
leased office and store premises under operating lease agreements for the periods from 2021 to 2025
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
57302000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
50183000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
66016000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
72673000
CY2022 us-gaap Lease Cost
LeaseCost
123318000
CY2023 us-gaap Lease Cost
LeaseCost
122856000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
78455000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
55944000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46426000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
33509000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
33523000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22495000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
79949000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M26D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0540
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0531
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
37369000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12196000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5395000
CY2023Q4 rere Lessee Operating Lease Liability Payments Due After Yearthree
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearthree
3686000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
58646000
CY2023Q4 rere Lessee Operating Lease Liability Payments Imputed Interest
LesseeOperatingLeaseLiabilityPaymentsImputedInterest
-2642000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
56004000
CY2023Q4 rere Lessee Operating Lease Liability Due Within One Year
LesseeOperatingLeaseLiabilityDueWithinOneYear
33509000
CY2023Q4 rere Lessee Operating Lease Liability Due After One Year
LesseeOperatingLeaseLiabilityDueAfterOneYear
22495000
CY2023Q4 rere Short Term Lease Commitment Due Next Twelve Months
ShortTermLeaseCommitmentDueNextTwelveMonths
37552000
CY2023 rere Contractual Expense
ContractualExpense
1196000
CY2023Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
1740000
CY2023Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
706000

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