Welcome to our dedicated page for Rlx Technology news (Ticker: RLX), a resource for investors and traders seeking the latest updates and insights on Rlx Technology stock.
RLX Technology Inc (RLX) delivers premium e-vapor products for adult smokers, combining advanced technology with strict regulatory compliance across global markets. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping this leading manufacturer's trajectory in the evolving e-vapor sector.
Access authoritative coverage of RLX's operational milestones, including product innovation breakthroughs, distribution network expansions, and regulatory engagements. Our curated news collection enables stakeholders to track the company's progress in maintaining quality standards while navigating complex international market dynamics.
Key updates include earnings announcements, leadership changes, manufacturing advancements, and compliance developments. Regular monitoring of these critical areas offers insights into RLX's market positioning within China's competitive landscape and its growing influence in emerging international markets.
Bookmark this page for streamlined access to verified RLX Technology news, carefully selected to support informed decision-making. Check back frequently for comprehensive updates on this innovative player in the regulated e-vapor industry.
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.
RLX Technology reported its fiscal year 2020 results, indicating a 146.5% increase in net revenues to RMB3,819.7 million (US$585.4 million), despite incurring a net loss of RMB128.1 million (US$19.6 million). In Q4 2020, revenues rose 44.5% to RMB1,618.5 million (US$248.0 million) with a gross margin of 42.9%. Operating expenses surged by 124.4%, driven by increased share-based compensation. For Q1 2021, RLX expects revenues to exceed RMB2,300 million and non-GAAP net income to exceed RMB590 million.
RLX Technology Inc. (NYSE: RLX), a major e-vapor company in China, announced a Share Distribution approved by its parent company, RELX Inc. Shareholders will receive ordinary shares based on RELX's holdings as of March 26, 2021. Following this, the 2021 Share Incentive Plan will take over all equity awards from prior plans. Post-distribution, RELX will own approximately 39.4% of RLX's shares and 86.6% of voting power, while BJ BJ Limited will manage share incentives. Key ownership changes were detailed, emphasizing the significant control held by RELX.
RLX Technology Inc. (NYSE: RLX), a leading e-vapor company in China, announced it will release its unaudited financial results for Q4 and fiscal year 2020 on March 26, 2021, before U.S. markets open. An earnings conference call will be held at 8:00 A.M. ET the same day, with dial-in details provided for participants. The company emphasizes its strong product development capabilities and integrated retail model aimed at the Chinese market. Archived webcasts will be available on its investor relations website.
RLX Technology has appointed Professor Youmin Xi as a new independent director effective immediately. He will contribute to the audit, compensation, and nominating committees of the board. Professor Xi brings extensive experience in strategic management and organizational behavior, holding several academic leadership positions in the UK and China. With this addition, the board consists of five members, including two independent directors, enhancing governance. RLX Technology is a leading e-vapor company in China, focusing on superior product development and tailored retail models.
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