RLX Technology Inc. reported net revenues of RMB 1,129.3 million (US$158.6 million) for the third quarter of 2025, up 49.3% from RMB 756.3 million in the same period of 2024. Gross margin increased to 31.2% from 27.2% year-over-year. Non-GAAP income from operations was RMB 187.8 million (US$26.4 million), more than double the RMB 84.0 million reported a year earlier. U.S. GAAP net income rose to RMB 206.8 million (US$29.1 million) from RMB 169.4 million, while non-GAAP net income reached RMB 295.4 million (US$41.5 million), up from RMB 263.6 million. During the period, RLX Technology expanded its presence in the Asia Pacific and European markets with investments in retail networks and new product platforms, and launched a proprietary modern-oral product line in the United Kingdom. In Mainland China, enhanced customs enforcement contributed to a recovery in business.