RLX Technology Incorporation

RLX

Equity

ISIN US74969N1037 / Valor 59243064

New York Stock Exchange, Inc (2024-09-18)

USD 1.65%

RLX Technology Incorporation
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About company

RLX Technology Incorporation is a leading global branded e-vapor company that focuses on developing superior e-vapor products for adult smokers. The company utilizes its strong in-house technology and product development capabilities to meet the needs of adult smokers. RLX Technology has implemented a multi-layered development framework that includes accessories, interactions, applications, phase-transitions, and infrastructure to enhance the overall experience for adult smokers. The company's financial results and board of directors' decisions are also regularly announced to the public.

Summarized from source with an LLMView SourceSector: Technology

Net Revenues

RLX Technology Incorporation reported net revenues of RMB627.2 million (US$86.3 million) in the second quarter of 2024, compared with RMB378.1 million in the same period of 2023. This significant increase was primarily driven by the company's international expansion efforts.

Gross Profit and Margin

The gross profit for RLX Technology Incorporation in the second quarter of 2024 was RMB157.9 million (US$21.7 million), up from RMB98.5 million in the same period of 2023. However, the gross margin slightly decreased to 25.2% from 26.1% due to an unfavorable change in the revenue mix.

Operating Expenses

Operating expenses for RLX Technology Incorporation in the second quarter of 2024 were RMB191.2 million (US$26.3 million), a significant increase from RMB47.2 million in the same period of 2023. This rise was mainly due to higher share-based compensation expenses.

Net Income

RLX Technology Incorporation's U.S. GAAP net income for the second quarter of 2024 was RMB134.9 million (US$18.6 million), compared with RMB204.7 million in the same period of 2023. Non-GAAP net income was RMB213.1 million (US$29.3 million), up from RMB86.2 million in the same period of 2023.

Cash and Cash Equivalents

As of June 30, 2024, RLX Technology Incorporation had cash and cash equivalents, restricted cash, and various short-term and long-term investments totaling RMB14,930.8 million (US$2,054.5 million), compared with RMB14,681.4 million as of March 31, 2024. Net cash generated from operating activities in the second quarter of 2024 was RMB196.8 million (US$27.1 million).

Summarized from source with an LLMView Source

Key figures

12.2%1Y

-65.8%3Y

%5Y

Performance

42.8%1Y

87.0%3Y

95.4%5Y

Volatility