RLX Technology Inc. (RLX)

RLX Technology Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,918	2,445	1,244	5,280	8,521	3,820
Revenue Growth (YoY)	55.36%	96.50%	-76.44%	-38.03%	123.08%	146.54%
Cost of Revenue	2,019	1,718	856.33	2,975	4,849	2,292
Gross Profit	898.91	726.52	387.71	2,305	3,672	1,528
Selling, General & Admin	690.79	745.35	711.74	924.61	1,193	1,215
Research & Development	113.93	88.31	172.69	317.11	179.91	299.29
Operating Expenses	804.72	833.66	884.42	1,242	1,373	1,514
Operating Income	94.19	-107.15	-496.71	1,063	2,299	13.15
Interest & Investment Income	639.49	666.02	873.58	317.26	166.64	52.76
Other Non Operating Income (Expenses)	117.71	99.92	214.87	403.64	194.21	37.52
EBT Excluding Unusual Items	851.39	658.8	591.74	1,784	2,660	103.43
Gain (Loss) on Sale of Investments	-	-	-	-4	-	-1
Pretax Income	851.39	658.8	591.74	1,780	2,660	102.43
Income Tax Expense	113.38	94.46	50.76	371.58	631.43	230.53
Earnings From Continuing Operations	738.01	564.34	540.99	1,409	2,028	-128.1
Minority Interest in Earnings	-11.24	-12.51	-6.66	32.49	-3.41	-
Net Income	726.77	551.84	534.33	1,441	2,025	-128.1
Net Income to Common	726.77	551.84	534.33	1,441	2,025	-128.1
Net Income Growth	11.34%	3.28%	-62.92%	-28.82%	-	-
Shares Outstanding (Basic)	1,225	1,232	1,311	1,320	1,401	1,437
Shares Outstanding (Diluted)	1,298	1,289	1,340	1,328	1,410	1,437
Shares Change (YoY)	-1.03%	-3.84%	0.93%	-5.79%	-1.89%	-
EPS (Basic)	0.59	0.45	0.41	1.09	1.44	-0.09
EPS (Diluted)	0.56	0.43	0.40	1.08	1.44	-0.09
EPS Growth	12.15%	7.27%	-63.23%	-24.44%	-	-
Free Cash Flow	1,080	844.26	170.48	448.19	1,669	2,577
Free Cash Flow Per Share	0.83	0.66	0.13	0.34	1.18	1.79
Dividend Per Share	-	0.073	0.071	-	-	-
Dividend Growth	-	2.96%	-	-	-	-
Gross Margin	30.80%	29.72%	31.17%	43.66%	43.09%	39.99%
Operating Margin	3.23%	-4.38%	-39.93%	20.14%	26.98%	0.34%
Profit Margin	24.91%	22.57%	42.95%	27.30%	23.76%	-3.35%
Free Cash Flow Margin	37.02%	34.54%	13.70%	8.49%	19.59%	67.46%
EBITDA	131.31	-66.9	-450.2	1,145	2,344	36.22
EBITDA Margin	4.50%	-2.74%	-36.19%	21.68%	27.51%	0.95%
D&A For EBITDA	37.12	40.25	46.51	81.41	45.64	23.07
EBIT	94.19	-107.15	-496.71	1,063	2,299	13.15
EBIT Margin	3.23%	-4.38%	-39.93%	20.14%	26.98%	0.34%
Effective Tax Rate	13.32%	14.34%	8.58%	20.87%	23.74%	225.06%
Advertising Expenses	-	15.01	31.9	57.95	192.54	88.12

Updated Aug 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q