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 Inc. (NYSE: RLX) reported its financial results for Q4 and the fiscal year 2022, highlighting significant revenue declines. Q4 net revenues fell to RMB340 million (US$49.3 million) from RMB1,904.4 million in the same period of 2021. The fiscal year saw revenues of RMB5,332.8 million (US$773.2 million), down from RMB8,521 million in 2021. Despite maintaining a gross margin of 43.2%, the company faced a U.S. GAAP net loss of RMB225.1 million (US$32.6 million) in Q4. The challenges stemmed from COVID-19 impacts, regulatory changes, and a 36% excise tax on e-cigarettes. Despite setbacks, management expresses confidence in future growth as regulatory frameworks stabilize.
RLX Technology Inc. (NYSE: RLX), a prominent e-vapor company in China, will announce its fourth quarter and fiscal year 2022 financial results on March 10, 2023, prior to the opening of U.S. markets. An earnings call will take place at 7:00 a.m. ET on the same day. Investors can join the call by dialing provided numbers or using the participant code 9162095. The call will also be available via webcast on the company’s investor relations site. RLX Technology focuses on delivering superior e-vapor products driven by robust technology and in-depth market insights.
RLX Technology (NYSE: RLX) announced its Q3 2022 financial results, reporting net revenues of RMB1,044.4 million (US$146.8 million), down from RMB1,676.7 million in Q3 2021. Gross margin improved to 50.0%, up from 39.1%. U.S. GAAP net income was RMB505.2 million (US$71.0 million), a decline from RMB976.4 million in the previous year. The decrease in revenue is attributed to the transition to new national standards, leading to product discontinuation. Additionally, a 36% consumption tax on e-cigarettes is expected to negatively impact future profitability.
RLX Technology Inc. (NYSE: RLX), a leading e-vapor company in China, will announce its third quarter financial results on November 16, 2022, before U.S. market opening. An earnings call is scheduled for 7:00 a.m. ET the same day. Investors can access the live call via dial-in options in the U.S. and internationally, with a replay available shortly after the call until November 23, 2022. This release highlights the company's commitment to transparency and shareholder communication, reinforcing its market presence and ongoing engagement.
RLX Technology (NYSE: RLX) released its annual corporate social responsibility report, 'Envisaging a Better Future', emphasizing its commitment to market responsibility and environmental sustainability. Over RMB 800 million has been invested in R&D, leading to over 610 patents globally. The report showcases initiatives like the Pods Reborn recycling program, operational net-zero carbon plans by 2033, and job creation exceeding 370,000 across 24,000 stores. CEO Kate Wang highlighted social responsibility as a core competitive advantage.
RLX Technology (NYSE: RLX) reported a net revenue of RMB2,233.9 million (US$333.5 million) for Q2 2022, down from RMB2,541.4 million in Q2 2021. The gross margin decreased to 43.8% from 45.1% year-over-year. U.S. GAAP net income was RMB441.6 million (US$65.9 million), a significant decline from RMB824.3 million in the prior year. Despite regulatory challenges, the company is focused on R&D and compliance with new regulations. The operating expenses surged by 217.6% to RMB530.9 million, driven by increased share-based compensation.
RLX Technology Inc. (NYSE: RLX) will announce its Q2 2022 financial results on September 21, 2022, before U.S. markets open. The company's management will hold an earnings conference call at 8:00 A.M. ET on the same day. Investors can join the call by dialing the provided numbers, with an archived playback available until September 28, 2022. RLX is known for its innovative e-vapor products and utilizes a unique retail model tailored for the Chinese market, reflecting its commitment to meeting adult smokers' needs.
RLX Technology Inc. (NYSE: RLX), a leading e-vapor company in China, has secured a License for Manufacturing Enterprise from the State Tobacco Monopoly Administration. The license allows RLX to manufacture RELX branded e-vapor devices and products, with approved capacities of 15 million rechargeable devices and 328 million cartridges annually. Valid until July 31, 2023, this license reflects RLX’s commitment to comply with new regulatory requirements in China's e-cigarette industry. CEO Ying Wang emphasized the strategic importance of this milestone and the company's dedication to safety and compliance.
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