Rlx Technology, Inc. ( (RLX) ) has released its Q4 earnings. Here is a breakdown of the information Rlx Technology, Inc. presented to its investors.
RLX Technology Inc., a prominent global e-vapor company, specializes in developing advanced e-vapor products, leveraging its strong technological capabilities and insights into adult smokers’ needs.
In its latest financial report, RLX Technology announced significant growth in its net revenues for the fourth quarter and fiscal year 2024, driven by international expansion and strategic business model refinements. Despite a decrease in net income compared to the previous year, the company reported a notable increase in gross margin and a return to profitability.
Key financial highlights include a 73.3% year-over-year increase in full-year revenue, reaching RMB 2.7 billion. The company’s gross margin improved to 26.4% for the fiscal year, attributed to favorable revenue mix changes and cost optimization. Additionally, RLX Technology’s non-GAAP net income for the fiscal year rose to RMB 934.0 million, reflecting the company’s strategic focus on global market leadership and innovation in e-vapor products.
The company also emphasized its commitment to shareholder returns, repurchasing US$109.2 million of its ordinary shares and declaring cash dividends, totaling approximately US$122.9 million returned to shareholders in 2024.
Looking ahead, RLX Technology aims to continue its focus on innovation, compliance, and product diversity to capture new opportunities and drive sustainable growth in the evolving e-vapor industry.