RLX Technology Announces Unaudited Second Quarter 2024 Financial Results
RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share (RLX)
Company Research
Source: PR Newswire
SHENZHEN, China, Aug. 16, 2024 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced its unaudited financial results for the second quarter ended June 30, 2024.Second Quarter 2024 Financial HighlightsNet revenues were RMB627.2 million (US$86.3 million) in the second quarter of 2024, compared with RMB378.1 million in the same period of 2023.Gross margin was 25.2% in the second quarter of 2024, compared with 26.1% in the same period of 2023.U.S. GAAP net income was RMB134.9 million (US$18.6 million) in the second quarter of 2024, compared with RMB204.7 million in the same period of 2023.Non-GAAP net income[1] was RMB213.1 million (US$29.3 million) in the second quarter of 2024, compared with RMB86.2 million in the same period of 2023."We delivered a strong second quarter performance as revenue continued to increase sequentially, driven by our international business expansion," commented Ms. Ying (Ka
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