RLX Technology(US:RLX) Prnewswireยท2025-08-22 09:30Core Viewpoint - RLX Technology Inc. reported strong financial results for Q2 2025, driven by effective strategy execution and international expansion, amidst a transforming global e-vapor industry [2][3]. Financial Highlights - Net revenues reached RMB 880.0 million (US$ 122.8 million), a 40.3% increase year-over-year and an 8.9% increase sequentially [3][9]. - Gross profit was RMB 242.1 million (US$ 33.8 million), up from RMB 157.9 million in Q2 2024 [3]. - Gross margin improved to 27.5% from 25.2% in the same period last year, attributed to a favorable revenue mix and margin improvements in selected Asian countries [4]. Operating Expenses - Operating expenses totaled RMB 203.1 million (US$ 28.4 million), compared to RMB 191.2 million in Q2 2024, mainly due to increased salaries and welfare expenses [5]. - Selling expenses increased to RMB 84.6 million (US$ 11.8 million) from RMB 62.2 million, driven by higher salaries and branding expenses [6]. - General and administrative expenses decreased to RMB 88.4 million (US$ 12.3 million) from RMB 129.0 million, primarily due to reduced share-based compensation expenses [7]. Income and Earnings - U.S. GAAP income from operations was RMB 39.0 million (US$ 5.4 million), compared to a loss of RMB 33.3 million in Q2 2024 [8]. - Non-GAAP income from operations rose to RMB 116.2 million (US$ 16.2 million) from RMB 46.9 million in the same period last year [9]. - U.S. GAAP net income was RMB 218.5 million (US$ 30.5 million), up from RMB 134.9 million in Q2 2024 [9][10]. Cash Flow and Balance Sheet - As of June 30, 2025, total cash and cash equivalents amounted to RMB 15,524.3 million (US$ 2,167.1 million), down from RMB 16,159.6 million as of March 31, 2025 [12]. - Net cash generated from operating activities was RMB 229.6 million (US$ 32.1 million) during Q2 2025 [12]. Dividend Announcement - The Board of Directors approved a cash dividend of US$ 0.01 per ordinary share and per ADS, payable around September 19, 2025 [13].