SHENZHEN, China, Aug. 16, 2024 /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 second quarter ended June 30, 2024.Second Quarter 2024 Financial HighlightsNet revenues were RMB627.2 million (US$86.3 million) in the second quarter of 2024, compared with RMB378.1 million in the same period of 2023.Gross margin was 25.2% in the second quarter of 2024, compared with 26.1% in the ...

- Earnings Call Scheduled for 8:00 a.m. ET on August 16, 2024 –SHENZHEN, China, Aug. 6, 2024 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced that it will report its unaudited financial results for second quarter ended June 30, 2024, before the U.S. markets open on Friday, August 16, 2024.The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 16, 2024 (8:00 PM Beijing/ ...

RLX Technology Inc. (NYSE:RLX) Q1 2024 Earnings Call Transcript May 17, 2024 8:00 AM ET Company Participants Sam Tsang - Head of Capital Markets Kate Wang - CEO Chao Lu - CFO Conference Call Participants Charlie Chen - China Renaissance Lydia Ling - Citi Peihang Lyu - CICC Operator Hello, ladies and gentlemen, thank you for standing by for RLX Technology Inc.'s First Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. After management's remarks, there will be a que ...

SHENZHEN, China, May 17, 2024 /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 first quarter ended March 31, 2024.First Quarter 2024 Financial HighlightsNet revenues were RMB551.6 million (US$76.4 million) in the first quarter of 2024, compared with RMB188.9 million in the same period of 2023.Gross margin was 25.9% in the first quarter of 2024, compared with 24.2% in the same ...

- Earnings Call Scheduled for 8:00 a.m. ET on May 17, 2024 – SHENZHEN, China, May 7, 2024 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced that it will report its unaudited financial results for first quarter ended March 31, 2024, before the U.S. markets open on Friday, May 17, 2024. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 17, 2024 (8:00 PM Beijing/Hong Kon ...

SHENZHEN, China, April 19, 2024 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC") on April 19, 2024. The annual report on Form 20-F can be accessed on the SEC's website at https://www.sec.gov and on the Company's investor relations website at https://ir.relxtech.com. T ...

Revenue Contribution - For the year ended December 31, 2023, Shenzhen Yihaoji Technology Limited contributed 0% to the company's net revenues, down from 16.9% in 2022 and 22.7% in 2021[823]. Purchases and Accounts Payable - Purchases from Shenzhen Smoore Technology Limited accounted for 58% of total purchases in 2023, down from 80% in 2022 and 75% in 2021, with accounts payable to this manufacturer representing 74% of total accounts payable as of December 31, 2023[823]. Investor Relations and IPO Expenses - The company received US$9.4 million from the depositary for expenses related to investor relationship programs in 2023[833]. - The total expenses incurred for the company's initial public offering from January 21, 2021, to December 31, 2023, were approximately US$55.0 million, including US$52.3 million in underwriting discounts and commissions[837]. - The net proceeds from the initial public offering and exercise of the over-allotment option amounted to approximately US$1,553.0 million[837]. - Approximately US$12.9 million of the net proceeds from the initial public offering were used for dividend payments from the closing of the offering to December 31, 2023[838]. Financial Risk Management - The company does not hold any trading instruments and most financial assets are in demand deposits or highly liquid investment products, minimizing market risks[817]. - The company has not used any derivative financial instruments to hedge foreign exchange risks, as revenues and expenses are generally denominated in RMB[818]. - Credit risk is considered immaterial as cash and cash equivalents are placed in reputable financial institutions with high credit ratings[821]. - The company performs credit evaluations and ongoing monitoring processes to mitigate risks associated with accounts and notes receivable[822].

Exhibit 99.1 RLX Technology Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results SHENZHEN, March 15, 2024 /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, 2023. Fourth Quarter 2023 Financial Highlights · Net revenues were RMB520.5 million (US$73.3 million) in the fourth quarter of 2023, compared with RM ...

Financial Data and Key Metrics Changes - In 2023, the company's net revenues were RMB15.9 billion, reflecting a significant year-over-year decrease due to the new regulatory environment in China [15] - For Q4 2023, net revenues increased by 53.1% year-over-year to RMB520 million, marking the first quarter of positive growth after seven consecutive quarters of decline [16] - The full-year gross margin fell by 18.8 percentage points to 24.4%, primarily due to a 36% excise tax implemented in Mainland China [17] - The company recorded an operating loss of RMB497 million for the year, but achieved a positive non-GAAP operating profit of RMB76 million in Q4 2023 [18][19] - As of December 31, 2023, the company had cash and cash equivalents totaling RMB15 billion [20] Business Line Data and Key Metrics Changes - The domestic business faced challenges due to the resurgence of illicit products, impacting sales volumes and necessitating a strategic adjustment [15][8] - The company doubled its selection of approved cartridges from 15 to 32 throughout 2023, enhancing its product offerings [7] - The launch of the LEILI product line targeted price-sensitive users, contributing to the narrowing decline in quarterly net revenues [15] Market Data and Key Metrics Changes - The company is expanding its international presence, particularly in Southeast and North Asia, in response to a global trend of adult smokers seeking smokeless alternatives [10][12] - The UK government has proposed new regulations affecting disposable and flavored products, which may impact market dynamics [32][35] Company Strategy and Development Direction - The company aims to increase product accessibility in international markets while optimizing profitability through strategic partnerships and market evaluations [12][29] - The focus remains on product innovation and compliance with regulations to enhance market integrity and support sustainable growth [34][36] - The company is committed to ESG practices, receiving an A rating from MSCI for responsible marketing and product security [14] Management Comments on Operating Environment and Future Outlook - Management highlighted the importance of effective regulation enforcement to combat illicit products and ensure user safety [9] - The company is optimistic about its recovery trajectory and plans to continue expanding both domestically and internationally in 2024 [21] - Management expressed confidence in the long-term prospects of the company, supported by a solid financial foundation [20][21] Other Important Information - The company returned approximately $112 million to shareholders through share repurchases and cash dividends in 2023 [20] - The existing share repurchase program has been extended for an additional 24 months, reflecting management's confidence in the company's future [20] Q&A Session Summary Question: Growth trend of overseas disposable products and domestic market enforcement - Management noted that the e-vapor category continues to grow despite regulatory challenges, and they are adapting to market changes by promoting pod systems if disposables are banned [25][26] Question: Details on overseas expansion plans and profitability - The company plans to expand into more Asian markets in 2024 and is evaluating European markets for potential entry [29][30] Question: Domestic sales momentum and regulatory trends - Management indicated stable monthly sales trends influenced by seasonality and ongoing efforts to combat illicit markets [33][34] Question: Impact of UK regulatory changes on the market - Management believes that proposed bans on disposables may create short-term market chaos but are prepared to adapt and capture new consumer segments [35][36]

Earnings Presentation Fourth Quarter and Fiscal Year 2023 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 ...