RLX Technology Inc. (RLX)

RLX Technology Balance Sheet

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
Cash & Equivalents	3,858	5,593	2,390	1,269	5,209	1,114
Short-Term Investments	3,555	2,900	5,724	9,520	7,211	1,363
Cash & Short-Term Investments	7,413	8,493	8,115	10,788	12,420	2,477
Cash Growth	-10.65%	4.66%	-24.78%	-13.14%	401.32%	434.86%
Accounts Receivable	245.07	417.64	164.7	54.38	25.97	20.95
Other Receivables	161.97	124.88	478.31	151.32	139.5	12.6
Receivables	407.04	542.52	643.01	205.7	165.46	33.55
Inventory	227.86	142.55	144.85	130.9	589.09	329.12
Prepaid Expenses	-	10.89	7.84	9	20.99	28.69
Restricted Cash	101.35	50.87	29.76	20.57	0.5	340.81
Other Current Assets	216.01	61.02	43.7	43.73	754.93	657.28
Total Current Assets	8,365	9,301	8,984	11,198	13,951	3,867
Property, Plant & Equipment	228.59	74.9	129.92	162.88	319.41	166.24
Long-Term Investments	8,018	7,335	7,002	4,933	2,017	4
Goodwill	572.04	59.58	66.51	-	-	-
Other Intangible Assets	244.73	52.8	69.78	7.55	8.37	5.39
Long-Term Deferred Tax Assets	41.59	38.07	58.26	63.89	20.86	6
Other Long-Term Assets	15.72	9.91	4.87	13.46	48.96	11.35
Total Assets	17,486	16,871	16,315	16,379	16,365	4,060
Accounts Payable	357.04	458.55	321.74	269.35	1,289	1,460
Accrued Expenses	232.75	169.8	110.17	238.25	262	205.08
Short-Term Debt	104.11	40	41.11	-	-	11.17
Current Portion of Leases	22.65	11.45	29.44	45.96	80.58	45.07
Current Income Taxes Payable	191.07	126.15	77.16	109.68	597.76	363.64
Current Unearned Revenue	94.08	10.61	49.59	75.23	286.65	320.43
Other Current Liabilities	-	41.29	39.47	51.38	221.79	91.41
Total Current Liabilities	1,002	857.85	668.67	789.83	2,738	2,497
Long-Term Leases	31.29	7.05	24.42	39.97	104.23	49.45
Long-Term Deferred Tax Liabilities	123.09	16.2	23.59	8.65	4.51	5.21
Other Long-Term Liabilities	90.76	-	-	-	-	-
Total Liabilities	1,247	881.1	716.68	838.45	2,846	2,551
Common Stock	16,152	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	16,152	15,988	15,609	15,569	13,515	1,509
Minority Interest	87.69	1.74	-10.98	-28.69	3.8	-
Shareholders' Equity	16,239	15,990	15,598	15,540	13,519	1,509
Total Liabilities & Equity	17,486	16,871	16,315	16,379	16,365	4,060
Total Debt	158.05	58.5	94.96	85.92	184.81	105.7
Net Cash (Debt)	7,255	8,435	8,020	10,702	12,235	2,372
Net Cash Growth	-12.12%	5.17%	-25.07%	-12.53%	415.87%	540.28%
Net Cash Per Share	5.59	6.54	5.98	8.06	8.68	1.65
Filing Date Shares Outstanding	1,222	1,218	1,272	1,313	1,548	1,571
Total Common Shares Outstanding	1,222	1,218	1,272	1,313	1,566	1,437
Working Capital	7,364	8,443	8,315	10,408	11,213	1,370
Book Value Per Share	13.22	13.12	12.28	11.86	8.63	1.05
Tangible Book Value	15,335	15,876	15,473	15,562	13,507	1,503
Tangible Book Value Per Share	12.55	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

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

SEC Filings: 10-K · 10-Q