RLX Technology Inc. (FRA:3CM)

RLX Technology Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	4,263	5,367	5,593	2,390	1,269	5,209
Short-Term Investments	5,237	4,637	2,900	5,724	9,520	7,644
Cash & Short-Term Investments	9,500	10,004	8,493	8,115	10,788	12,853
Cash Growth	16.38%	17.79%	4.66%	-24.78%	-16.06%	317.21%
Accounts Receivable	339.27	194.52	83.21	67.38	54.38	24.03
Other Receivables	548.97	210.24	346.13	118.74	5.11	1.94
Total Trade Receivables	888.24	404.76	429.34	186.11	59.49	25.97
Inventory	372.44	297.68	142.55	144.85	130.9	589.09
Other Current Assets	790.47	497.35	235.96	538.2	219.51	483.16
Total Current Assets	11,551	11,204	9,301	8,984	11,198	13,951
Net Property, Plant & Equipment	325.67	328.41	74.9	129.92	162.88	319.41
Other Intangible Assets	194.82	213.14	52.8	69.78	7.55	8.37
Goodwill	563.4	567.18	59.58	66.51	-	-
Long-Term Investments	4,863	5,558	7,335	7,002	4,933	2,017
Other Long-Term Assets	59.98	58.52	47.98	63.14	77.35	69.82
Total Assets	17,558	17,930	16,871	16,315	16,379	16,365

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	720.98	878.34	485.94	368.35	269.77	1,289
Accrued Expenses	391.54	403.22	308.71	220.42	398.88	1,082
Short-Term Debt	135.17	92.1	40	-	-	-
Current Portion of Leases	25.93	28.59	11.45	29.44	45.96	80.58
Unearned Revenue	80.05	84	10.61	49.59	75.23	286.65
Other Current Liabilities	-	478.83	1.14	0.88	-	-
Total Current Liabilities	1,354	1,965	857.85	668.67	789.83	2,738
Long-Term Leases	50.48	55.67	7.05	24.42	39.97	104.23
Other Long-Term Liabilities	161.16	177.2	16.2	23.59	8.65	4.51
Total Long-Term Liabilities	211.63	232.87	23.25	48.01	48.62	108.75
Total Liabilities	1,565	2,198	881.1	716.68	838.45	2,846

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	-	0.1	0.1	0.1	0.1	0.1
Treasury Stock	-	-2,286	-2,106	-1,281	-627.89	-127.52
Additional Paid-in Capital	-	12,910	12,724	12,115	12,062	11,881
Accumulated Other Comprehensive Income	-	862.66	1,123	981.3	782.14	-149.87
Retained Earnings	-	4,147	4,247	3,793	3,352	1,911
Total Common Shareholders' Equity	15,883	15,634	15,988	15,609	15,569	13,515
Minority Interest	109.56	97.86	1.74	-10.98	-28.69	3.8
Shareholders' Equity	15,993	15,732	15,990	15,598	15,540	13,519
Total Liabilities & Equity	17,558	17,930	16,871	16,315	16,379	16,365

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	211.58	176.36	58.5	53.85	85.92	184.81
Net Cash (Debt)	9,289	9,828	8,435	8,061	10,702	12,668
Net Cash Growth	14.97%	16.52%	4.64%	-24.68%	-15.52%	324.23%
Net Cash Per Share	6.75	8.03	6.54	6.01	8.06	8.99
Book Value	15,883	15,634	15,988	15,609	15,569	13,515
Book Value Per Share	11.54	12.77	12.40	11.64	11.72	9.59
Tangible Book Value	15,125	14,853	15,876	15,473	15,562	13,507
Tangible Book Value Per Share	10.99	12.14	12.32	11.54	11.72	9.58

Data Source: Fiscal.ai Last updated: Mar 31, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 28, 2026

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