Rlx Technology, Inc. (RLX) has released an update.
RLX Technology Inc. reports a robust Q1 2024 with a significant revenue jump to RMB 551.6 million from RMB 188.9 million year-over-year, and a positive shift from a net loss to a net gain, marking US GAAP net income at RMB 132.6 million. The company attributes its success to international expansion, enhanced supply chain efficiencies, and a healthy increase in gross margins to 25.9%, reflecting a strong start to the year despite regulatory challenges.
For further insights into RLX stock, check out TipRanks’ Stock Analysis page.
