RLX Technology Inc. Reports 46.5% Increase in Q1 2025 Net Revenues, Net Income Rises to RMB222.7 Million
Reuters
May 16, 2025
RLX Technology Inc. Reports 46.5% Increase in Q1 2025 Net Revenues, Net Income Rises to RMB222.7 Million
RLX Technology Inc., a leading global branded e-vapor company, announced its unaudited financial results for the first quarter ended March 31, 2025. The company reported net revenues of RMB808.3 million (US$111.4 million), marking a 46.5% increase from RMB551.6 million in the same period of 2024. The gross margin improved to 28.6% from 25.9% in the first quarter of 2024. The U.S. GAAP net income for the first quarter of 2025 was RMB222.7 million (US$30.7 million), up from RMB132.6 million in the same period of the previous year. Non-GAAP net income also saw an increase, reaching RMB251.1 million (US$34.6 million) compared to RMB207.5 million in the first quarter of 2024. RLX Technology's performance comes amid a challenging macro environment, with a decline in e-vapor exports from China due to bans on disposable products and evolving global regulations. Despite these challenges, the company is positioned to navigate the changing landscape with its strong product R&D capabilities and international expansion efforts, which have supported its sustainable and profitable growth.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RLX Technology Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN89796) on May 16, 2025, and is solely responsible for the information contained therein.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.