RLX Technology Reports Revenue of RMB188.9M, Down 89% Y/Y

Tiger Newspress2023-05-17

RLX Technology reports Q1 Non-GAAP EPS of RMB0.02. Revenue of RMB188.9M (-89.0% Y/Y).

The decrease was primarily due to the discontinuation of our older products and the negative impact of illegal-flavored products in the market, which led to users' slower-than-expected adoption of our new products that comply with national standards.

RLX Technology stock slid 6.4% in premarket trading.

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