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]

RLX Technology Inc. (NYSE:RLX) Q4 2024 Earnings Conference Call March 14, 2025 8:00 AM ET Company Participants Sam Tsang - Head of Capital Markets Chao Lu - CFO Conference Call Participants Christine Peng - UBS Lydia Ling - Citi Operator Hello, ladies and gentlemen. Thank you for standing by for the RLX Technology Inc. Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. After management's remarks, there will be a question and answer session. To ...

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].

Core Viewpoint - RLX Technology Inc. is set to report its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024, on March 14, 2025, before U.S. markets open [1] Group 1 - The earnings conference call will take place at 8:00 AM U.S. Eastern Time on March 14, 2025, which corresponds to 8:00 PM Beijing/Hong Kong Time on the same day [2] - Dial-in details for the earnings conference call have been provided for participants in the United States, International, Hong Kong, and Mainland China [2] - Participants are advised to connect to the call 10 minutes prior to the scheduled start time using the provided Participant Code [2] Group 2 - A live and archived webcast of the conference call will be available on the Company's investor relations website [3] - A replay of the conference call will be accessible approximately two hours after the call concludes until March 21, 2025, with specific telephone numbers provided for access [3] - RLX Technology Inc. is recognized as a leading global branded e-vapor company, utilizing strong in-house technology and product development capabilities to meet adult smokers' needs [3]

Core Insights - RLX Technology has achieved an "AA" rating in the MSCI ESG rating, upgraded from an "A" rating, solidifying its leadership position in the global e-vapor industry and the highest rating in the global tobacco sector [6][7] - The company emphasizes the integration of ESG principles into its corporate strategy, focusing on sustainable development and corporate social responsibility [8][10] ESG Performance - RLX Technology ranks best-in-class for risk management capabilities in product safety, quality, and chemical safety, and is among the top 1% globally for accounting, business ethics, and tax transparency [2] - The company has established an ESG committee at the Board level and has published ESG reports for four consecutive years, verified by TÜV Rheinland for accuracy and credibility [4] Product Quality and Safety - The RLX Technology quality and safety laboratory was recognized by CNAS in July 2023, providing comprehensive testing services for the e-vapor industry [3] - The company has implemented stringent factory quality controls and established eight laboratories to enhance product innovation capabilities [8] Supply Chain Management - RLX Technology maintains strict internal standards, incorporating ESG criteria into its supplier selection process and conducting annual ESG assessments of core suppliers [9] Future Commitment - The company is committed to implementing its long-term ESG strategy and creating greater value for clients, shareholders, partners, employees, and society [10]

Financial Performance - Net revenues for Q3 2024 were RMB756.3 million (US$107.8 million), a 51.6% increase from RMB498.9 million in Q3 2023[5] - U.S. GAAP net income was RMB169.4 million (US$24.1 million) in Q3 2024, compared to RMB176.6 million in Q3 2023[7] - Non-GAAP net income increased to RMB261.9 million (US$37.3 million) in Q3 2024, up from RMB201.4 million in Q3 2023[11] - Total net revenues for Q3 2023 were RMB 498,929,000, a decrease of 20.4% from RMB 627,176,000 in Q2 2023[31] - Net income attributable to RLX Technology Inc. for Q3 2023 was RMB 175,030,000, compared to RMB 132,314,000 in Q2 2023, an increase of 32.2%[31] - For the three months ended September 30, 2023, net income was RMB 176,609,000, a decrease of 1.8% compared to RMB 169,391,000 for the same period in 2022[33] - Non-GAAP net income for the three months ended September 30, 2023, was RMB 201,399,000, representing a 12.5% increase from RMB 178,800,000 in the previous year[33] - Non-GAAP net income attributable to RLX Technology Inc. for the three months ended September 30, 2023, was RMB 199,820,000, a 5.5% increase from RMB 189,000,000 in the previous year[33] Cost and Expenses - Gross margin improved to 27.2% in Q3 2024, up from 24.1% in Q3 2023, driven by a favorable revenue mix and cost optimization[6] - Operating expenses rose to RMB216.6 million (US$30.9 million) in Q3 2024, primarily due to increased share-based compensation expenses[8] - Research and development expenses decreased to RMB24.4 million (US$3.5 million) in Q3 2024, down from RMB30.8 million in Q3 2023[10] - Research and development expenses for Q3 2023 were RMB 30,783,000, compared to RMB 24,435,000 in Q2 2023, indicating increased investment in innovation[31] - The company incurred general and administrative expenses of RMB 29,771,000 for the three months ended September 30, 2023, a decrease of 68.5% from RMB 93,026,000 in the previous quarter[33] - Research and development expenses for the three months ended September 30, 2023, were RMB (936,000), indicating a significant recovery from RMB (24,074,000) in the previous quarter[33] Cash and Assets - Cash and cash equivalents totaled RMB15,361.7 million (US$2,189.0 million) as of September 30, 2024, an increase from RMB14,930.8 million as of June 30, 2024[14] - Cash and cash equivalents as of December 31, 2023, were RMB 2,390,298,000, down from RMB 3,255,500,000 as of September 30, 2023[30] - Total current assets as of December 31, 2023, were RMB 8,983,843,000, slightly up from RMB 8,873,209,000 as of September 30, 2023[30] - Total assets as of December 31, 2023, were RMB 16,315,097,000, a slight decrease from RMB 16,402,527,000 as of September 30, 2023[30] Dividends and Shareholder Returns - The company announced a cash dividend of US$0.01 per ordinary share, payable on or around December 13, 2024[16] Strategic Focus - The company maintained stable non-GAAP operating expenses while achieving significant revenue growth, indicating strong operational leverage[4] - The management emphasized commitment to innovative product development and market expansion to drive long-term growth[4] Acquisitions - The company acquired various companies on December 13, 2023, which was accounted for as an under common control transaction[32] - The company acquired various companies on December 13, 2023, which was accounted for as an under common control transaction[33]

Earnings Presentation Third Quarter 2024 Disclaimer The following presentation has been prepared by RLX Technology Inc. ("RLX Technology" or the "Company") solely for informational purposes and should not be construed to be, directly or indirectly, in whole or in part, an offer to buy or sell and/or an invitation and/or a recommendation and/or a solicitation of an offer to buy or sell any security or instrument or to participate in any investment or trading strategy, nor shall any part of it form the basis ...