Group 1 - The Schall Law Firm is investigating claims on behalf of investors of RLX Technology Inc. for potential violations of securities laws [1] - The investigation is centered on whether RLX issued false or misleading statements and failed to disclose important information to investors [2] - RLX experienced a downgrade from buy to neutral by Citi on March 17, 2025, due to overseas regulatory challenges and a negative shift in product mix, leading to a 13.27% drop in ADRs on the same day [2]

Market Capitalization Summary - The market capitalization of various companies is highlighted, with notable figures such as 71.94 billion for an unnamed company and 69.52 billion for another [2]. - Companies like Bilibili and TAL Education have market capitalizations of 64.03 billion and 61.59 billion respectively [2]. - The lowest market capitalizations listed include 0.90672 million for Happy Car and 0.17235 million for Easy Electric [3]. Stock Performance - Stock performance shows fluctuations, with companies like Zai Lab experiencing a decrease of 0.36 (-2.72%) and 0.13 (-3.87%) for another unnamed company [2]. - Positive movements are noted for companies such as 51Talk, which increased by 0.99 (+2.74%) [2]. - The performance of companies like Huya and Xunlei shows declines of 0.11 (-4.00%) and 0.10 (-3.11%) respectively [3]. Company Highlights - Notable companies include JD.com with a market cap of 71.94 billion and TAL Education at 61.59 billion, indicating strong positions in the market [2]. - Other companies like 9F Inc. and Yatsen Global have market caps of 4.98 billion and 3.28 billion respectively, showcasing a diverse range of market sizes [2]. - The report also mentions companies with smaller market caps, such as 1.34 million for Baozun and 1.07 million for Leopard Mobile, indicating a broad spectrum of company valuations [3].

Group 1 - RLX Technology is identified as both a growth and recovery story stock that is heavily mispriced in the market [1] - The company is perceived by the market primarily as a domestic recovery story, despite facing strict crackdowns by the Chinese government [1] - There is a belief that RLX Technology offers a good investment opportunity beyond its current market perception [1]

Market Capitalization Summary - The market capitalizations of various companies are listed, with notable values including 70.93 billion, 68.75 billion, and 66.79 billion [2] - Companies such as SOU, 奇富科技, and 再鼎医药 show significant market values of 47.99 billion, 66.05 billion, and 32.90 billion respectively [2] - The market performance of companies like 陆金所控股 and 雾芯科技 reflects increases of +3.70% and +0.99% respectively [2] Stock Performance Highlights - Notable stock price changes include +0.80 (+1.87%) for one company and +2.10 (+5.82%) for another [2] - Companies like 乐信 and iQiyi show stock price changes of -1.16% and +2.91% respectively [2] - The stock performance of companies such as 优信 and 宜人智科 indicates increases of +1.07% and +5.64% respectively [2] Emerging Companies - Newer companies like 新氧 and 天境生物 have market capitalizations of 827.85 million and 561.38 million respectively, with stock price increases of +3.99% and +11.10% [3] - Companies like 华米科技 and 开心汽车 show market values of 36.39 million and 9.20 million, with stock price changes of +9.61% and -1.18% respectively [3]

NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of RLX Technology Inc. ("RLX" or the "Company") (NYSE: RLX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether RLX and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On this news, RLX's Amer ...

NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of RLX Technology Inc. (“RLX” or the “Company”) (NYSE: RLX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether RLX and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On March 17, 2025, Citi ...

Financial Data and Key Metrics Changes - For the full year 2024, the company's revenues reached RMB 2.7 billion, representing a 73.3% year-over-year growth, driven by international expansion [19] - In Q4 2024, revenues were RMB 813.5 million, a 56.3% increase year-over-year, positively impacted by seasonal sales during the Christmas holiday [19] - The full-year gross profit margin improved to 26.4%, a two percentage point increase, while Q4 gross profit margin rose by 3.3 percentage points to 27.2% [21] - The company recorded an operating loss of RMB 107 million for 2024, but achieved a non-GAAP operating income of RMB 262.5 million for the year [22] - Operating cash inflow for Q4 2024 was RMB 497 million, up from RMB 305 million in the same quarter of the previous year [24] - Total financial assets as of December 31, 2024, stood at RMB 15.9 billion [25] Business Line Data and Key Metrics Changes - The company launched two new open system e-vapor product series, RLX Prime and Spin Mini, in Southeast Asia, which received positive feedback [12] - The operational strategy involved tailoring product portfolios and business strategies to local markets, enhancing distribution efficiency [13] Market Data and Key Metrics Changes - The company noted a slight slowdown in product innovation as the industry matures, with a shift from blockbuster products to refined operations and product optimization [15][16] - Regulatory shifts across multiple markets were acknowledged, with the company viewing these changes as opportunities to strengthen its competitive position [14] Company Strategy and Development Direction - The company focused on enhancing its organizational structure and business models to support international growth while maintaining stability in the China market [8] - Investment in team upgrades and expertise in FMCG, product development, and regulatory compliance was emphasized as crucial for long-term success [11] - The company aims to return a significant portion of non-GAAP net profits to shareholders through share repurchase and cash dividends [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to thrive amid evolving regulations and market conditions, emphasizing agility in adapting strategies [14][48] - The company anticipates meaningful market share growth in sales volume and moderate revenue growth, with expectations for improved non-GAAP operating margins [16][45] Other Important Information - The company received a double A rating from MSCI in 2024, the highest ESG rating in the global tobacco industry, reflecting its commitment to social responsibility [17] Q&A Session Summary Question: What new initiatives will be implemented to drive market share gains in overseas markets in 2025? - The company plans to tailor product portfolios and business strategies to local market characteristics, focusing on high-potential sales channels and collaborating with knowledgeable distribution partners [32][34] Question: Any updates regarding shareholder return from 2025 onwards? - The company intends to continue returning a significant portion of non-GAAP net profits to shareholders, having returned $332 million cumulatively, including $305 million for share repurchases [37] Question: Could you share your detailed expansion plan for this year and any growth targets? - The company plans to expand to more countries in 2025, with several countries in Asia Pacific and Europe under consideration, while making informed decisions based on macroeconomic and regulatory developments [42] Question: What are your views on potential regulatory changes and how will you address these challenges? - The company is proactively evaluating its product portfolio and adjusting strategies to ensure compliance with evolving regulations, which vary by region [46][48] Question: Will open system e-cigarettes benefit from the ban on disposable e-cigarettes in Europe? - The company believes open system products will see stable demand growth in price-sensitive markets, focusing on user experience and affordability [52] Question: Do you plan to enter the HNB market? - The company currently has no plans to enter the HNB market, prioritizing e-vapor products where it holds a competitive advantage [55]

Financial Data and Key Metrics Changes - For the full year 2024, the company's revenues reached RMB 2.7 billion, representing a 73.3% year-over-year growth due to successful international expansion [19] - In Q4 2024, revenues were RMB 813.5 million, a 56.3% increase year-over-year, positively impacted by the Christmas holiday and increased inventory by overseas distributors ahead of the Chinese New Year [19][20] - The full-year gross profit margin improved to 26.4%, a two percentage point increase, while Q4 gross profit margin rose by 3.3 percentage points year-over-year to 27.2% [21][22] - The company recorded an operating loss of RMB 107 million for 2024, but the non-GAAP operating income was RMB 262.5 million, with Q4 non-GAAP operating profit at RMB 112.6 million [22][24] - Operating cash inflow for Q4 2024 was RMB 497 million, up from RMB 305 million in the same quarter of the previous year [24] Business Line Data and Key Metrics Changes - The company tailored its product portfolio and business strategies to local markets, launching two open system e-vapor product series, RLX Prime and Spin Mini, in Southeast Asia [12][13] - The focus on localized innovation has been a critical driver for long-term growth, with positive feedback received for the new product series [12] Market Data and Key Metrics Changes - The company observed a slight slowdown in product innovation as the industry matures, with a shift from blockbuster new products to refined operations and product optimization [15][16] - Regulatory shifts across multiple markets presented challenges but were viewed as opportunities to enhance competitive positioning [14] Company Strategy and Development Direction - The company prioritized building a solid foundation for international growth in 2024, optimizing its operational and management framework to support long-term objectives [10] - Investment in human resources was emphasized, bringing in experts to enhance capabilities in FMCG, product development, and regulatory compliance [11] - The company aims to return a significant portion of non-GAAP net profits to shareholders through share repurchase and cash dividends, having returned approximately $122.9 million in 2024 [26][37] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of agility in adapting to regulatory changes and emphasized the need for compliance while meeting user demand [15][48] - The company expects further improvement in non-GAAP operating margins as it scales operations and manages headcount effectively [23] - Management expressed confidence in the company's positioning to thrive amid evolving market conditions and regulatory landscapes [16][27] Other Important Information - The company received a double A rating from MSCI in 2024, the highest ESG rating in the global tobacco industry, reflecting its commitment to social responsibility [17] Q&A Session Summary Question: What new initiatives will be implemented to drive market share gains in overseas markets in 2025? - The company plans to align product portfolios and business strategies with local market characteristics, focusing on tailored flavor portfolios and dynamic route-to-market strategies [32][34] Question: Any updates regarding shareholder return from 2025 onwards? - The company intends to continue returning a significant portion of non-GAAP net profits to shareholders, having cumulatively returned $332 million to date [37] Question: What are the detailed expansion plans for this year and growth targets? - The company plans to expand to more countries in 2025, with several countries in Asia Pacific and Europe under consideration [42] Question: Insights regarding the industry's product evolution this year? - The company noted that the focus has shifted to high-power innovations, with expectations for meaningful market share growth in sales volume and moderate revenue growth [44][45] Question: Views on potential regulatory changes and how to address challenges? - The company proactively evaluates its product portfolio and adjusts strategies to ensure compliance while meeting user demand, enhancing competitive advantages [48][49] Question: Will open system e-cigarettes benefit from the ban on disposable e-cigarettes in Europe? - The company believes open system products will see stable demand growth in price-sensitive markets, focusing on user experience and affordability [52][53]

Exhibit 99.1 RLX Technology Announces Unaudited Fourth Quarter and Fiscal Year 2024 Financial Results SHENZHEN, March 14, 2025 /PRNEWSWIRE/ - RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Fiscal Year 2024 Financial Highlights "2024 was a remarkable year for RLX, highlighted by tremendous p ...

Core Viewpoint - RLX Technology Inc. reported significant growth in its financial results for the fourth quarter and fiscal year 2024, driven by international expansion and innovative product offerings, while focusing on sustainable growth and shareholder returns moving forward [2][13]. Financial Highlights - Fourth quarter net revenues reached RMB 813.5 million (US$ 111.4 million), a 56.3% increase from RMB 520.5 million in Q4 2023 [3][14]. - Full-year revenue for 2024 was RMB 2.7 billion (US$ 376.6 million), representing a 73.3% increase from RMB 1.6 billion in 2023 [13][19]. - Gross profit for Q4 2024 was RMB 219.9 million (US$ 30.1 million), up from RMB 123.4 million in Q4 2023 [3][14]. - The gross margin improved to 27.0% in Q4 2024 from 23.7% in the same period of 2023 [4][14]. Operating Expenses - Operating expenses in Q4 2024 were RMB 231.5 million (US$ 31.7 million), down from RMB 263.9 million in Q4 2023, primarily due to fluctuations in share-based compensation expenses [5][14]. - Selling expenses increased to RMB 45.4 million (US$ 6.2 million) in Q4 2024, compared to RMB 38.0 million in Q4 2023, driven by higher salaries and branding expenses [6][14]. - General and administrative expenses decreased to RMB 153.7 million (US$ 21.1 million) in Q4 2024 from RMB 204.0 million in Q4 2023 [7][14]. Profitability - The company achieved a non-GAAP operating profit of RMB 112.6 million (US$ 15.4 million) in Q4 2024, marking a return to profitability for the full year [2][14]. - U.S. GAAP net income for Q4 2024 was RMB 127.4 million (US$ 17.5 million), down from RMB 216.0 million in Q4 2023 [9][14]. - Non-GAAP net income for Q4 2024 was RMB 251.5 million (US$ 34.5 million), compared to RMB 432.6 million in the same period of 2023 [11][14]. Cash Flow and Balance Sheet - As of December 31, 2024, the company had cash and cash equivalents totaling RMB 15,870.8 million (US$ 2,174.3 million), an increase from RMB 15,361.7 million as of September 30, 2024 [12][14]. - Net cash generated from operating activities in Q4 2024 was RMB 497.0 million (US$ 68.1 million) [12][14]. Shareholder Returns - The company repurchased approximately US$ 109.2 million of its ordinary shares during fiscal year 2024 and returned approximately US$ 122.9 million to shareholders through share repurchases and cash dividends [21][14].