RLX Technology Reports Q3 Net Revenues of RMB1.13 Billion
Reuters
Nov 14
RLX Technology Reports Q3 Net Revenues of RMB1.13 Billion
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.
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