Overview
RLX Technology Q3 2025 net rev rises 49.3% yr/yr, driven by international expansion
Gross margin improves to 31.2% in Q3 2025 from 27.2% in Q3 2024
Company announces US$0.1 per ADS cash dividend, continuing capital return to shareholders
Outlook
Company did not provide specific financial guidance for future quarters or full year
Result Drivers
INTERNATIONAL EXPANSION - Co cites investments in Asia Pacific and European markets as key revenue drivers
CHINA RECOVERY - Enhanced customs enforcement in China helped stabilize market, aiding business recovery
NEW PRODUCT LAUNCH - Successful rollout of modern-oral product line in UK supports growth
RLX Technology shares gained 3.9% in premarket trading.
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | RMB 1.13 bln | ||
Q3 Adjusted Net Income | RMB 295.40 mln | ||
Q3 Net Income | RMB 206.80 mln | ||
Q3 Gross Margin | 31.20% | ||
Q3 Gross Profit | RMB 352.60 mln | ||
Q3 Operating Expenses | RMB 259.30 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the tobacco peer group is "buy"
Wall Street's median 12-month price target for RLX Technology Inc is $2.88, about 19% above its November 13 closing price of $2.33
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago
Press Release: ID:nPn5Qs1dfa