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) will report its unaudited financial results for Q3 2021 on December 3, 2021, before U.S. markets open. The earnings conference call is scheduled for 7:00 A.M. ET, with dial-in options provided for participants. The Company, a leader in China's e-vapor market, utilizes strong technology and insights into consumer needs to develop products. A live webcast will be available on its investor relations website, with a replay accessible for two hours after the call until December 10, 2021.
RLX Technology Inc. (NYSE: RLX), a top e-vapor company in China, announced the resignation of Ms. Ying (Kate) Wang from its Audit Committee. This change aims to enhance compliance with New York Stock Exchange independence standards, as the committee will now consist entirely of independent directors, Ms. Zhenjing Zhu and Mr. Youmin Xi. RLX continues to develop and market e-vapor products through a robust retail model aligned with adult smokers' preferences in China.
RLX Technology (NYSE:RLX) released its annual corporate social responsibility report on September 22, 2021, highlighting initiatives in minor protection, disposal pod recycling, wildlife conservation, and sustainable manufacturing in China. The company introduced the Sunflower System 3.0 for mandatory age verification and launched a Pods Recycling project to repurpose used pods into cement materials. RLX has invested over 60 million yuan in CSR activities, reduced industrial waste by 76%, and created over 277,000 jobs in China, contributing to both environmental efforts and local employment.
RLX Technology (NYSE:RLX) released its annual corporate social responsibility report on September 22, 2021, focusing on efforts in minor protection, waste recycling, rural development, and wildlife conservation in China. Key highlights include the launch of the Sunflower System 3.0 for mandatory age verification at point-of-sale locations, and a Pods Recycling project aimed at converting used pods into raw materials for cement production. The company invested over 60 million yuan in CSR activities and created over 277,000 jobs in China, emphasizing sustainable manufacturing practices with reduced industrial waste and carbon emissions.
RLX Technology (NYSE:RLX) has launched its Pods Recycling project in China, investing 20 million yuan to recycle used e-liquid pods into cement. This initiative aims to address environmental concerns linked to vaping waste. Starting in September, the project will initially focus on Beijing and expand to 10 cities by February 2022. The company plans to donate the cement produced to rural areas for infrastructure development, supporting community needs like roads and bridges.
RLX Technology Inc. (NYSE: RLX) reported second quarter 2021 net revenues of RMB2,541.4 million (US$393.6 million), a 6.0% growth from the previous quarter. Gross margin decreased to 45.1% from 46.0%. U.S. GAAP net income was RMB824.3 million (US$127.7 million), a recovery from a net loss of RMB267.0 million in Q1 2021. Non-GAAP net income rose 6.8% to RMB651.8 million (US$100.9 million). The company faced external challenges affecting sales growth, including negative publicity and extreme weather. Operating expenses significantly decreased due to decreased share-based compensation.
RLX Technology Inc. (NYSE: RLX), a leading e-vapor company in China, will release its unaudited financial results for the second quarter of 2021 on August 20, 2021. The announcement will occur before U.S. markets open. An earnings conference call is scheduled for 8:00 A.M. ET on the same day, with dial-in options provided for participants. A live webcast will also be available on the company’s investor relations website. Following the call, a replay will be accessible until August 27, 2021.
RLX Technology (NYSE: RLX) reported its Q1 2021 financial results, with net revenues of RMB2,398.5 million (US$366.1 million), up 48.2% from Q4 2020. Gross margin improved to 46.0%, compared to 42.9% in the previous quarter, while GAAP net loss was RMB267.0 million (US$40.8 million). In contrast, non-GAAP net income rose by 45.6% to RMB610.5 million (US$93.2 million). The company maintains a positive outlook, projecting Q2 2021 revenues to exceed RMB2,850 million and non-GAAP net income over RMB720 million, amidst increasing distribution network expansion.
RLX Technology Inc. (NYSE: RLX), a leading e-vapor company in China, will announce its unaudited financial results for the first quarter ending March 31, 2021, on June 2, 2021, prior to U.S. market open. An earnings conference call is scheduled for the same day at 8:00 A.M. Eastern Time. The call will be accessible via dial-in and will also be available on the company’s investor relations website. RLX leverages strong technology and product development to meet the needs of adult smokers.
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