Welcome to our dedicated page for RLX Technology American Depositary Shares, each representing the right to receive one (1) news (Ticker: RLX), a resource for investors and traders seeking the latest updates and insights on RLX Technology American Depositary Shares, each representing the right to receive one (1) stock.
RLX Technology Inc. (NYSE: RLX) is a leading branded e-vapor company in China, dedicated to providing adult smokers with high-quality e-vapor products. The company leverages strong in-house technology and robust product development capabilities to meet the needs of its users. RLX Technology operates a unique "Branded store plus" retail model and an integrated offline distribution network tailored specifically to China's e-vapor market.
Founded to address the increasing demand for vaping products among adult smokers, RLX Technology has made significant strides in both domestic and international markets. Recently, the company announced its unaudited financial results for the third quarter ending September 30, 2023, highlighting efforts to combat illegal products and optimize its product portfolio.
Despite facing challenges from illegal market competition, RLX Technology achieved positive operating cash flow for the second consecutive quarter, emphasizing its resilience in the post-regulatory era. The net revenues for the third quarter were RMB428.1 million (US$58.7 million), and the company reported a U.S. GAAP net income of RMB172.7 million (US$23.7 million).
Moreover, RLX Technology is actively expanding internationally, with recent acquisitions in Southeast Asia and North Asia to strengthen its global presence. The company also terminated a non-competition agreement to explore international growth opportunities more freely.
In addition to financial performance, RLX Technology is committed to corporate social responsibility, investing significantly in rural revitalization and environmental conservation. By April 2023, the company had created approximately 120,000 jobs along its supply chain and invested 800 million yuan in research and development, including nearly 900 patent applications globally.
RLX Technology's forward-thinking approach and dedication to innovation continue to drive its growth. The company remains focused on providing superior e-vapor products, navigating regulatory landscapes, and expanding its market reach to deliver value to its stakeholders.
RLX Technology (NYSE: RLX) reported strong Q3 2024 financial results with net revenues of RMB756.3 million (US$107.8 million), up 51.6% year-over-year. The company's gross margin improved to 27.2% from 24.1% in Q3 2023. Non-GAAP net income reached RMB261.9 million (US$37.3 million), increasing from RMB201.4 million in the same period last year. The company announced a cash dividend of US$0.01 per ADS. The revenue growth was primarily driven by international expansion efforts and favorable revenue mix.
RLX Technology (NYSE: RLX) has announced it will release its third quarter 2024 financial results on November 15, 2024, before U.S. markets open. The company will host an earnings conference call at 7:00 AM ET (8:00 PM Beijing/Hong Kong Time) on the same day. The call will be accessible via various dial-in numbers for international participants, and a webcast will be available on the company's investor relations website. A replay of the call will be accessible until November 22, 2024.
RLX Technology (NYSE: RLX) reported strong Q2 2024 financial results, with net revenues increasing 66% year-over-year to RMB627.2 million (US$86.3 million). The growth was primarily driven by international business expansion. Gross margin slightly decreased to 25.2% due to an unfavorable revenue mix shift. U.S. GAAP net income was RMB134.9 million (US$18.6 million), while non-GAAP net income reached RMB213.1 million (US$29.3 million). The company's focus on overseas markets and regulatory compliance has positioned it well for global growth opportunities. RLX Technology remains committed to product innovation and operational efficiency to drive sustainable and profitable returns for shareholders.
RLX Technology (NYSE: RLX), a leading global branded e-vapor company, has announced it will report its unaudited financial results for the second quarter ended June 30, 2024, before the U.S. markets open on Friday, August 16, 2024. The company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on the same day. Investors and analysts can join the call using provided dial-in numbers for various regions, including the United States, International, Hong Kong, and Mainland China. A live and archived webcast of the conference call will also be available on the company's investor relations website. A replay of the call will be accessible until August 23, 2024.
RLX Technology (NYSE: RLX) reported its unaudited first quarter 2024 financial results, highlighting significant growth. Net revenues rose to RMB551.6 million (US$76.4 million), a substantial increase from RMB188.9 million in Q1 2023. The gross margin improved to 25.9%, up from 24.2% a year earlier. The company achieved a net income of RMB132.6 million (US$18.4 million), reversing a net loss of RMB56.3 million in Q1 2023. Non-GAAP net income increased to RMB207.5 million (US$28.7 million), compared to RMB183.6 million last year. Operating expenses saw a significant reduction, primarily due to decreased share-based compensation and other cost-saving measures. Despite challenges from regulatory changes, RLX Technology's international business is expanding, supported by efficient regional strategies. The company's cash and cash equivalents stood at RMB14,681.4 million (US$2,033.3 million) as of March 31, 2024.
RLX Technology, a global e-vapor company, will report its first quarter financial results on May 17, 2024. The earnings call is scheduled for 8:00 a.m. ET the same day. Investors can access the conference call via phone or webcast. A replay will be available for two weeks after the call.
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