RLX Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5,367	5,593	2,390	1,269	5,209
Short-Term Investments	4,637	2,900	5,724	9,520	7,211
Cash & Short-Term Investments	10,004	8,493	8,115	10,788	12,420
Cash Growth	17.79%	4.66%	-24.78%	-13.14%	401.32%
Accounts Receivable	194.52	417.64	164.7	54.38	25.97
Other Receivables	210.24	124.88	478.31	151.32	139.5
Receivables	404.76	542.52	643.01	205.7	165.46
Inventory	297.68	142.55	144.85	130.9	589.09
Prepaid Expenses	-	10.89	7.84	9	20.99
Restricted Cash	177.87	50.87	29.76	20.57	0.5
Other Current Assets	319.48	61.02	43.7	43.73	754.93
Total Current Assets	11,204	9,301	8,984	11,198	13,951
Property, Plant & Equipment	328.41	74.9	129.92	162.88	319.41
Long-Term Investments	5,558	7,335	7,002	4,933	2,017
Goodwill	567.18	59.58	66.51	-	-
Other Intangible Assets	213.14	52.8	69.78	7.55	8.37
Long-Term Deferred Tax Assets	29.1	38.07	58.26	63.89	20.86
Other Long-Term Assets	29.41	9.91	4.87	13.46	48.96
Total Assets	17,930	16,871	16,315	16,379	16,365
Accounts Payable	403.71	458.55	321.74	269.35	1,289
Accrued Expenses	403.22	169.8	110.17	238.25	262
Short-Term Debt	92.1	40	41.11	-	-
Current Portion of Leases	28.59	11.45	29.44	45.96	80.58
Current Income Taxes Payable	-	126.15	77.16	109.68	597.76
Current Unearned Revenue	84	10.61	49.59	75.23	286.65
Other Current Liabilities	953.46	41.29	39.47	51.38	221.79
Total Current Liabilities	1,965	857.85	668.67	789.83	2,738
Long-Term Leases	55.67	7.05	24.42	39.97	104.23
Long-Term Deferred Tax Liabilities	112.91	16.2	23.59	8.65	4.51
Other Long-Term Liabilities	64.29	-	-	-	-
Total Liabilities	2,198	881.1	716.68	838.45	2,846
Common Stock	15,634	0.1	0.1	0.1	0.1
Additional Paid-In Capital	-	12,724	12,115	12,062	11,881
Retained Earnings	-	4,247	3,793	3,352	1,911
Treasury Stock	-	-2,106	-1,281	-627.89	-127.52
Comprehensive Income & Other	-	1,123	981.3	782.14	-149.87
Total Common Equity	15,634	15,988	15,609	15,569	13,515
Minority Interest	97.86	1.74	-10.98	-28.69	3.8
Shareholders' Equity	15,732	15,990	15,598	15,540	13,519
Total Liabilities & Equity	17,930	16,871	16,315	16,379	16,365
Total Debt	176.36	58.5	94.96	85.92	184.81
Net Cash (Debt)	9,828	8,435	8,020	10,702	12,235
Net Cash Growth	16.52%	5.17%	-25.07%	-12.53%	415.87%
Net Cash Per Share	8.03	6.54	5.98	8.06	8.68
Filing Date Shares Outstanding	1,231	1,218	1,272	1,313	1,548
Total Common Shares Outstanding	1,231	1,218	1,272	1,313	1,566
Working Capital	9,239	8,443	8,315	10,408	11,213
Book Value Per Share	12.70	13.12	12.28	11.86	8.63
Tangible Book Value	14,853	15,876	15,473	15,562	13,507
Tangible Book Value Per Share	12.06	13.03	12.17	11.85	8.63
Land	-	7.5	8.38	-	-
Buildings	-	7.46	8.33	-	-
Machinery	-	141.33	133.05	131.86	139.81
Leasehold Improvements	-	97.77	97.51	94.34	65.81

Updated Mar 13, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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