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), a prominent e-vapor company in China, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission (SEC) on April 21, 2023. The report is accessible on the SEC's website and the Company’s investor relations page. Shareholders can request a hard copy of the audited consolidated financial statements at no cost. RLX Technology leverages its in-house technology and product development to cater to adult smokers' needs effectively. For more details, visit the Company’s investor relations website.
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.
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