(RERE.US)Q1 revenue increased by 27.5% year-on-year, turning a loss into a profit.

According to the Zhitong Finance APP, Wanwu Xinsheng (RERE.US) announced its first quarter performance. The financial report shows that the company's Q1 revenue was 4.65 billion yuan, a year-on-year increase of 27.5%, exceeding market expectations. The operating profit under non-GAAP was 110 million yuan, a year-on-year increase of 39.5%. Net profit was 42.8 million yuan, compared to a net loss of 92.863 million yuan in the same period last year; earnings per share under GAAP were 0.27 yuan, higher than market expectations.