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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,683	2,445	1,244	5,280	8,521	3,820
Revenue Growth (YoY)	68.72%	96.50%	-76.44%	-38.03%	123.08%	146.54%
Cost of Revenue	1,868	1,718	856.33	2,975	4,849	2,292
Gross Profit	814.7	726.52	387.71	2,305	3,672	1,528
Selling, General & Admin	708.97	745.35	711.74	924.61	1,193	1,215
Research & Development	83.82	88.31	172.69	317.11	179.91	299.29
Operating Expenses	792.79	833.66	884.42	1,242	1,373	1,514
Operating Income	21.9	-107.15	-496.71	1,063	2,299	13.15
Interest & Investment Income	638.73	666.02	873.58	317.26	166.64	52.76
Other Non Operating Income (Expenses)	100.12	99.92	214.87	403.64	194.21	37.52
EBT Excluding Unusual Items	760.76	658.8	591.74	1,784	2,660	103.43
Gain (Loss) on Sale of Investments	-	-	-	-4	-	-1
Pretax Income	760.76	658.8	591.74	1,780	2,660	102.43
Income Tax Expense	106.3	94.46	50.76	371.58	631.43	230.53
Earnings From Continuing Operations	654.46	564.34	540.99	1,409	2,028	-128.1
Minority Interest in Earnings	-12.49	-12.51	-6.66	32.49	-3.41	-
Net Income	641.97	551.84	534.33	1,441	2,025	-128.1
Net Income to Common	641.97	551.84	534.33	1,441	2,025	-128.1
Net Income Growth	-11.23%	3.28%	-62.92%	-28.82%	-	-
Shares Outstanding (Basic)	1,226	1,232	1,311	1,320	1,401	1,437
Shares Outstanding (Diluted)	1,291	1,289	1,340	1,328	1,410	1,437
Shares Change (YoY)	-3.43%	-3.84%	0.93%	-5.79%	-1.89%	-
EPS (Basic)	0.52	0.45	0.41	1.09	1.44	-0.09
EPS (Diluted)	0.50	0.43	0.40	1.08	1.44	-0.09
EPS Growth	-7.94%	7.27%	-63.23%	-24.44%	-	-
Free Cash Flow	1,047	844.26	170.48	448.19	1,669	2,577
Free Cash Flow Per Share	0.81	0.66	0.13	0.34	1.18	1.79
Dividend Per Share	0.073	0.073	0.071	-	-	-
Dividend Growth	2.96%	2.96%	-	-	-	-
Gross Margin	30.37%	29.72%	31.17%	43.66%	43.09%	39.99%
Operating Margin	0.82%	-4.38%	-39.93%	20.14%	26.98%	0.34%
Profit Margin	23.93%	22.57%	42.95%	27.30%	23.76%	-3.35%
Free Cash Flow Margin	39.04%	34.54%	13.70%	8.49%	19.59%	67.46%
EBITDA	60.58	-66.9	-450.2	1,145	2,344	36.22
EBITDA Margin	2.26%	-2.74%	-36.19%	21.68%	27.51%	0.95%
D&A For EBITDA	38.68	40.25	46.51	81.41	45.64	23.07
EBIT	21.9	-107.15	-496.71	1,063	2,299	13.15
EBIT Margin	0.82%	-4.38%	-39.93%	20.14%	26.98%	0.34%
Effective Tax Rate	13.97%	14.34%	8.58%	20.87%	23.74%	225.06%
Advertising Expenses	-	15.01	31.9	57.95	192.54	88.12

Updated May 16, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q