Rlx Technology Inc Stock Price, News & Analysis

RLX Technology has authorized a share repurchase program to buy back up to US$500 million of its shares by December 31, 2023. The purchases will occur on the open market or through negotiated transactions, depending on market conditions. This initiative aims to boost shareholder value and reflects the company's confidence in its financial standing, as the repurchases are expected to be funded from existing cash reserves.

RLX Technology Inc. (NYSE: RLX) reported third-quarter 2021 net revenues of RMB1,676.7 million (US$260.2 million), a 34.0% decrease from the previous quarter due to adverse market conditions. Gross margin fell to 39.1% from 45.1%, while U.S. GAAP net income rose to RMB976.4 million (US$151.5 million). Non-GAAP net income dropped to RMB452.7 million (US$70.3 million), a 30.5% decline. The company is focusing on R&D and operational efficiency for sustainable growth amidst new regulatory developments. RLX ended the quarter with cash resources of RMB14,720.3 million (US$2,284.6 million).

RLX Technology Inc. (NYSE: RLX) will announce its unaudited financial results for the third quarter ending September 30, 2021, on December 3, 2021, before U.S. markets open. An earnings conference call is scheduled for 7:00 A.M. U.S. Eastern Time on the same day, with dial-in details provided for participants from various regions. The Company, a leading e-vapor brand in China, plans to share insights into its financial performance during this call, which will also be available via live and archived webcast.

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.