RLX Technology Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3,457	5,593	2,390	1,269	5,209	1,114
Short-Term Investments	5,012	2,900	5,724	9,520	7,211	1,363
Cash & Short-Term Investments	8,469	8,493	8,115	10,788	12,420	2,477
Cash Growth	5.10%	4.66%	-24.78%	-13.14%	401.32%	434.86%
Accounts Receivable	209.58	417.64	164.7	54.38	25.97	20.95
Other Receivables	143.4	124.88	478.31	151.32	139.5	12.6
Receivables	352.98	542.52	643.01	205.7	165.46	33.55
Inventory	230.95	142.55	144.85	130.9	589.09	329.12
Prepaid Expenses	-	10.89	7.84	9	20.99	28.69
Restricted Cash	119.39	50.87	29.76	20.57	0.5	340.81
Other Current Assets	409.86	61.02	43.7	43.73	754.93	657.28
Total Current Assets	9,583	9,301	8,984	11,198	13,951	3,867
Property, Plant & Equipment	228.74	74.9	129.92	162.88	319.41	166.24
Long-Term Investments	6,771	7,335	7,002	4,933	2,017	4
Goodwill	569.82	59.58	66.51	-	-	-
Other Intangible Assets	226.87	52.8	69.78	7.55	8.37	5.39
Long-Term Deferred Tax Assets	42.22	38.07	58.26	63.89	20.86	6
Other Long-Term Assets	10.02	9.91	4.87	13.46	48.96	11.35
Total Assets	17,431	16,871	16,315	16,379	16,365	4,060
Accounts Payable	338.67	458.55	321.74	269.35	1,289	1,460
Accrued Expenses	225.5	169.8	110.17	238.25	262	205.08
Short-Term Debt	113.35	40	41.11	-	-	11.17
Current Portion of Leases	22.75	11.45	29.44	45.96	80.58	45.07
Current Income Taxes Payable	210.84	126.15	77.16	109.68	597.76	363.64
Current Unearned Revenue	94.1	10.61	49.59	75.23	286.65	320.43
Other Current Liabilities	24.8	41.29	39.47	51.38	221.79	91.41
Total Current Liabilities	1,030	857.85	668.67	789.83	2,738	2,497
Long-Term Leases	29.37	7.05	24.42	39.97	104.23	49.45
Long-Term Deferred Tax Liabilities	110.83	16.2	23.59	8.65	4.51	5.21
Other Long-Term Liabilities	69.12	-	-	-	-	-
Total Liabilities	1,239	881.1	716.68	838.45	2,846	2,551
Common Stock	16,101	0.1	0.1	0.1	0.1	0.09
Additional Paid-In Capital	-	12,724	12,115	12,062	11,881	1,590
Retained Earnings	-	4,247	3,793	3,352	1,911	-80.64
Treasury Stock	-	-2,106	-1,281	-627.89	-127.52	-
Comprehensive Income & Other	-	1,123	981.3	782.14	-149.87	-0.68
Total Common Equity	16,101	15,988	15,609	15,569	13,515	1,509
Minority Interest	90.98	1.74	-10.98	-28.69	3.8	-
Shareholders' Equity	16,192	15,990	15,598	15,540	13,519	1,509
Total Liabilities & Equity	17,431	16,871	16,315	16,379	16,365	4,060
Total Debt	165.46	58.5	94.96	85.92	184.81	105.7
Net Cash (Debt)	8,304	8,435	8,020	10,702	12,235	2,372
Net Cash Growth	3.36%	5.17%	-25.07%	-12.53%	415.87%	540.28%
Net Cash Per Share	6.41	6.54	5.98	8.06	8.68	1.65
Filing Date Shares Outstanding	1,215	1,218	1,272	1,313	1,548	1,571
Total Common Shares Outstanding	1,215	1,218	1,272	1,313	1,566	1,437
Working Capital	8,553	8,443	8,315	10,408	11,213	1,370
Book Value Per Share	13.25	13.12	12.28	11.86	8.63	1.05
Tangible Book Value	15,304	15,876	15,473	15,562	13,507	1,503
Tangible Book Value Per Share	12.59	13.03	12.17	11.85	8.63	1.05
Land	-	7.5	8.38	-	-	-
Buildings	-	7.46	8.33	-	-	-
Machinery	-	141.33	133.05	131.86	139.81	63.98
Leasehold Improvements	-	97.77	97.51	94.34	65.81	32.54

Source: S&P Global Market Intelligence. Standard template. Financial Sources.