Press Release: RLX Technology Announces Unaudited Second Quarter 2026 Financial Results

Dow Jones08-14

SHENZHEN, China, Aug. 14, 2026 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced its unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Financial Highlights

   -- Net revenues were RMB1,010.5 million (US$148.9 million) in the second 
      quarter of 2026, increasing by 14.8% from RMB880.0 million in the same 
      period of 2025. 
 
   -- Gross margin was 35.4% in the second quarter of 2026, compared with 27.5% 
      in the same period of 2025. 
 
   -- Non-GAAP income from operations[1] was RMB149.6 million (US$22.0 million) 
      in the second quarter of 2026, increasing by 28.8% from RMB116.2 million 
      in the same period of 2025. 
 
   -- U.S. GAAP net income was RMB222.0 million (US$32.7 million) in the second 
      quarter of 2026, increasing by 1.6% from RMB218.5 million in the same 
      period of 2025. 
 
   -- Non-GAAP net income[1] was RMB238.8 million (US$35.2 million) in the 
      second quarter of 2026, compared with RMB291.2 million in the same period 
      of 2025. 

"We delivered solid second quarter results as we continued to strengthen our global business with a focus on quality, stability, and long-term resilience," said Ms. Ying (Kate) Wang, Co-founder, Chairperson, and Chief Executive Officer of RLX Technology. "As our industry matures, competitive advantage is increasingly defined not only by product innovation but also by retail execution and shelf-space leadership. We have refined our global route-to-market strategies accordingly -- deepening store-level execution in Asia while advancing a dual-engine approach in Europe that balances strategic investment in top-tier local partners with organic growth. At the same time, we are expanding beyond our leadership in e-vapor into a broader portfolio of smoke-free products, scaling our newly launched modern oral nicotine pouches and building our presence across other smokeless categories. Supported by a rock-solid balance sheet and disciplined capital management, we are confident that pairing greater channel autonomy with user-centric products and multi-category innovation will continue to drive sustainable growth."

Mr. Chao Lu, Chief Financial Officer of RLX Technology, commented, "Second quarter net revenues were RMB1.01 billion, up 14.8% year over year, with gross profit rising 47.8% year over year to RMB357.8 million. As expected, revenues and gross profit moderated from the first quarter, which included a disclosed one-time benefit due to the change of export related regulation. In July 2026, we acquired a 51% equity interest in one of Western Europe's largest distributors of next-generation smoke-free and FMCG products, deepening our presence in the region. The entity brings an extensive offline distribution footprint and a proprietary B2B digital marketplace serving a broad base of retail merchants, supporting long-term regional development. Moving forward, we remain dedicated to disciplined capital allocation, balancing strategic growth investments with ongoing shareholder returns to maximize long-term shareholder value."

Second Quarter 2026 Financial Results

Net revenues were RMB1,010.5 million (US$148.9 million) in the second quarter of 2026, increasing by 14.8% from RMB880.0 million in the same period of 2025. The increase was primarily due to the Company's international expansion and contributions from the Company's May 2025 acquisition. Net revenues from international business represented 68.5% of net revenues for the period.

Gross profit was RMB357.8 million (US$52.7 million) in the second quarter of 2026, increasing by 47.8% from RMB242.1 million in the same period of 2025.

Gross margin increased to 35.4% in the second quarter of 2026 from 27.5% in the same period of 2025, primarily due to a favorable change in the revenue mix and further supply chain optimization.

Operating expenses were RMB227.5 million (US$33.5 million) in the second quarter of 2026, compared with RMB203.1 million in the same period of 2025. The increase was driven by higher salary and welfare expenses primarily related to the Company's May 2025 acquisition, partially offset by a significant decrease in share-based compensation expenses.

Selling expenses were RMB123.7 million (US$18.2 million) in the second quarter of 2026, compared with RMB84.6 million in the same period of 2025, primarily due to an increase in salary and welfare expenses, branding expenses, depreciation and amortization expenses related to the Company's May 2025 acquisition, partially offset by a decrease in share-based compensation expenses.

General and administrative expenses were RMB74.4 million (US$11.0 million) in the second quarter of 2026, compared with RMB88.4 million in the same period of 2025, primarily due to a significant decrease in share-based compensation expenses, partially offset by an increase in legal and other consulting fees.

Research and development expenses were RMB29.4 million (US$4.3 million) in the second quarter of 2026, compared with RMB30.1 million in the same period of 2025. The slight decrease was primarily due to a decrease in share-based compensation expenses.

U.S. GAAP income from operations was RMB130.4 million (US$19.2 million) in the second quarter of 2026, increasing by 234.7% from RMB39.0 million in the same period of 2025.

Non-GAAP income from operations was RMB149.6 million (US$22.0 million) in the second quarter of 2026, increasing by 28.8% from RMB116.2 million in the same period of 2025.

Income tax expense was RMB24.8 million (US$3.7 million) in the second quarter of 2026, compared with RMB28.5 million in the same period of 2025.

U.S. GAAP net income was RMB222.0 million (US$32.7 million) in the second quarter of 2026, increasing by 1.6% from RMB218.5 million in the same period of 2025.

Non-GAAP net income was RMB238.8 million (US$35.2 million) in the second quarter of 2026, compared with RMB291.2 million in the same period of 2025.

U.S. GAAP basic and diluted net income per American depositary share ("ADS") were RMB0.178 (US$0.026) and RMB0.167 (US$0.025), respectively, in the second quarter of 2026, compared with U.S. GAAP basic and diluted net income per ADS of RMB0.178 and RMB0.166, respectively, in the same period of 2025.

Non-GAAP basic and diluted net income per ADS([2]) were RMB0.190 (US$0.028) and RMB0.178 (US$0.026), respectively, in the second quarter of 2026, compared with non-GAAP basic and diluted net income per ADS of RMB0.234 and RMB0.218, respectively, in the same period of 2025.

 
([1]) Non-GAAP net income and non-GAAP income from operations are non-GAAP 
financial measures. For more information on the Company's non-GAAP financial 
measures, please see the section "Non-GAAP Financial Measures" and the table 
captioned "Unaudited Reconciliation of GAAP and Non-GAAP Results" set forth at 
the end of this press release. 
([2]) Non-GAAP basic and diluted net income per ADS is a non-GAAP financial 
measure. For more information on the Company's non-GAAP financial measures, 
please see the section "Non-GAAP Financial Measures" and the table captioned 
"Unaudited Reconciliation of GAAP and Non-GAAP Results" set forth at the end 
of this press release. 
 

Balance Sheet and Cash Flow

As of June 30, 2026, the Company had cash and cash equivalents, restricted cash, short-term bank deposits, net, short-term investments, long-term bank deposits, net, and long-term investment securities, net, of RMB13,883.4 million (US$2,046.2 million), compared with RMB14,529.7 million as of March 31, 2026. In the second quarter of 2026, net cash used in operating activities was RMB63.2 million (US$9.3 million).

Strategic Investment

In July 2026, RLX Technology acquired a 51% equity interest and board control in a leading Western European distributor of next-generation smoke-free and FMCG products. With its multi-channel logistics network and a proprietary B2B digital ordering platform, the entity provides an established and highly efficient route-to-market across key European territories. Through this strategic investment, RLX Technology intends to leverage its global supply chain capabilities and capital resources to drive deep commercial collaboration with this entity, aiming to optimize costs and capture cross-selling synergies. Its financial results will be consolidated into RLX Technology's financial statements beginning in the third quarter of 2026.

Conference Call

The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 14, 2026 (8:00 PM Beijing/Hong Kong Time on August 14, 2026).

Dial-in details for the earnings conference call are as follows:

 
 United States (toll-free):                                    +1-888-317-6003 
 International:                                                +1-412-317-6061 
 Hong Kong, China:                                             +852-5808-1995 
 Mainland China:                                               400-120-6115 
 Participant Code (English line):                              7036236 
 Participant Code (Chinese simultaneous interpretation 
  line):                                                       7119184 
 

Participants may choose between the English and Chinese simultaneous interpretation options above when joining the conference call. Please note that the Chinese simultaneous interpretation option is in listen-only mode. Participants should dial in 10 minutes before the scheduled start time and ask to be connected to the call for "RLX Technology Inc." using the appropriate English or Chinese Participant Code above.

Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.relxtech.com.

A replay of the conference call will be accessible approximately two hours after the conclusion of the call until August 21, 2026, by dialing the following telephone numbers:

 
 United States:                        +1-855-669-9658 
 International:                        +1-412-317-0088 
 Replay Access Code (English line):    9911837 
 Replay Access Code (Chinese line):    6469534 
 

About RLX Technology Inc.

RLX Technology Inc. (NYSE: RLX) is a leading global branded e-vapor company. The Company leverages its strong in-house technology, product development capabilities and in-depth insights into adult smokers' needs to develop superior e-vapor products.

For more information, please visit: http://ir.relxtech.com.

Non-GAAP Financial Measures

The Company uses non-GAAP net income, non-GAAP income from operations and non-GAAP basic and diluted net income per ADS, each a non-GAAP financial measure, in evaluating its operating results and for financial and operational decision-making purposes. Non-GAAP net income represents net income excluding share-based compensation expenses, amortization and depreciation of assets arising from fair value step-up in business acquisitions, and tax effects on non-GAAP adjustments. Non-GAAP income from operations represents net income from operations excluding share-based compensation expenses and amortization and depreciation of assets arising from fair value step-up in business acquisitions. Non-GAAP basic and diluted net income per ADS is computed using non-GAAP net income attributable to RLX Technology Inc. and the same number of ADSs used in the U.S. GAAP basic and diluted net income per ADS calculation.

The Company presents these non-GAAP financial measures because they are used by the management to evaluate its operating performance and formulate business plans. The Company believes that they help identify underlying trends in its business that could otherwise be distorted by the effect of certain expenses that are included in net income. The Company also believes that the use of the non-GAAP measures facilitates investors' assessment of its operating performance, as they could provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects, and allow for greater visibility with respect to key metrics used by the management in its financial and operational decision making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. They should not be considered in isolation or construed as an alternative to net income, basic and diluted net income per ADS or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review its historical non-GAAP financial measures against the most directly comparable U.S. GAAP measures. The non-GAAP financial measures here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to our data. The Company encourages investors and others to review its financial information in its entirety and not rely on any single financial measure.

For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliation of GAAP and non-GAAP Results" set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB6.7851 to US$1.00, the exchange rate on June 30, 2026, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollar amounts referred to could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" and similar statements. Among other things, quotations from management in this announcement, as well as the Company's strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's growth strategies; its future business development, results of operations and financial condition; trends and competition in the global e-vapor market; changes in its revenues and certain cost or expense items; governmental policies, laws and regulations across various jurisdictions relating to the Company's industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is current as of the date of this press release, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:

In China:

RLX Technology Inc.

Head of Capital Markets

Sam Tsang

Email: ir@relxtech.com

Piacente Financial Communications

Jenny Cai

Tel: +86-10-6508-0677

Email: RLX@tpg-ir.com

In the United States:

Piacente Financial Communications

Brandi Piacente

Tel: +1-212-481-2050

Email: RLX@tpg-ir.com

 
                             RLX TECHNOLOGY INC. 
               UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS 
                          (All amounts in thousands) 
 
                                                          As of 
                                           ----------------------------------- 
                                           December 31,   June 30,   June 30, 
                                               2025         2026       2026 
                                           ------------  ----------  --------- 
                                               RMB          RMB         US$ 
ASSETS 
Current assets: 
Cash and cash equivalents                     5,367,139   4,629,116    682,247 
Restricted cash                                 177,873     210,875     31,079 
Short-term bank deposits, net                 2,310,486   2,110,069    310,985 
Receivables from online payment platforms         4,080      10,281      1,515 
Short-term investments                        2,326,610   2,019,812    297,683 
Accounts and notes receivable, net              190,442     333,047     49,085 
Inventories                                     297,682     416,246     61,347 
Amounts due from related parties                210,239     483,381     71,242 
Prepayments and other current assets, net       319,478     577,277     85,080 
                                           ------------  ----------  --------- 
Total current assets                         11,204,029  10,790,104  1,590,263 
                                           ------------  ----------  --------- 
Non-current assets: 
Property, equipment and leasehold 
 improvement, net                               245,981     258,924     38,161 
Intangible assets, net                          213,141     183,496     27,044 
Long-term investments, net                        8,330       8,330      1,228 
Deferred tax assets, net                         29,104      43,808      6,456 
Right-of-use assets, net                         82,430      80,710     11,895 
Long-term bank deposits, net                    433,618     526,412     77,584 
Long-term investment securities, net          5,116,336   4,387,136    646,584 
Goodwill                                        567,181     561,665     82,779 
Other non-current assets, net                    29,412      10,626      1,566 
                                           ------------  ----------  --------- 
Total non-current assets                      6,725,533   6,061,107    893,297 
                                           ------------  ----------  --------- 
Total assets                                 17,929,562  16,851,211  2,483,560 
                                           ------------  ----------  --------- 
 
LIABILITIES AND SHAREHOLDERS' EQUITY 
Current liabilities: 
Accounts and notes payable                      403,708     229,443     33,817 
Contract liabilities                             84,003      82,313     12,131 
Salary and welfare benefits payable              93,947      51,820      7,637 
Taxes payable                                   159,718     192,901     28,430 
Short-term loan                                  92,100     165,168     24,343 
Accrued expenses and other current 
 liabilities                                    149,552     162,807     23,995 
Amounts due to related parties                  474,627     109,875     16,194 
Dividend payable                                478,833           -          - 
Lease liabilities - current portion              28,588      22,768      3,356 
                                           ------------  ----------  --------- 
Total current liabilities                     1,965,076   1,017,095    149,903 
                                           ------------  ----------  --------- 
 
Non-current liabilities: 
Deferred tax liabilities                        112,912      98,169     14,468 
Lease liabilities - non-current portion          55,671      56,109      8,269 
Other non-current liability                      64,291      53,647      7,907 
                                           ------------  ----------  --------- 
Total non-current liabilities                   232,874     207,925     30,644 
                                           ------------  ----------  --------- 
Total liabilities                             2,197,950   1,225,020    180,547 
                                           ------------  ----------  --------- 
 
Shareholders' Equity: 
Total RLX Technology Inc. shareholders' 
 equity                                      15,633,749  15,512,261  2,286,223 
Noncontrolling interests                         97,863     113,930     16,790 
                                           ------------  ----------  --------- 
Total shareholders' equity                   15,731,612  15,626,191  2,303,013 
                                           ------------  ----------  --------- 
 
Total liabilities and shareholders' 
 equity                                      17,929,562  16,851,211  2,483,560 
                                           ------------  ----------  --------- 
 
 
                                                    RLX TECHNOLOGY INC. 
                            UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
                              (All amounts in thousands, except for share and per share data) 
 
                                    For the three months ended                           For the six months ended 
                    ----------------------------------------------------------  ------------------------------------------- 
                      June 30,       March 31,      June 30,       June 30,       June 30,       June 30,       June 30, 
                        2025           2026           2026           2026           2025           2026           2026 
                    -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
                         RMB            RMB            RMB            US$            RMB            RMB            US$ 
 
 Total net 
  revenues                879,952      1,585,821      1,010,453        148,922      1,688,252      2,596,274        382,643 
 Cost of revenues       (552,037)      (965,446)      (559,057)       (82,395)    (1,029,563)    (1,524,503)      (224,684) 
 Excise tax on 
  products               (85,835)      (116,119)       (93,563)       (13,790)      (185,658)      (209,682)       (30,903) 
                    -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
 Gross profit             242,080        504,256        357,833         52,737        473,031        862,089        127,056 
 
 Operating 
 expenses: 
 Selling expenses        (84,649)      (122,039)      (123,729)       (18,235)      (143,638)      (245,768)       (36,222) 
 General and 
  administrative 
  expenses               (88,406)      (107,207)       (74,366)       (10,960)      (155,874)      (181,573)       (26,761) 
 Research and 
  development 
  expenses               (30,067)       (30,375)       (29,357)        (4,327)       (57,122)       (59,732)        (8,803) 
                    -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
 Total operating 
  expenses              (203,122)      (259,621)      (227,452)       (33,522)      (356,634)      (487,073)       (71,786) 
                    -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
 
 Income from 
  operations               38,958        244,635        130,381         19,215        116,397        375,016         55,270 
                    -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
 
 Other income: 
 Interest income, 
  net                     142,851        113,820        109,116         16,082        278,804        222,936         32,857 
 Investment income         24,832          9,718          7,117          1,049         33,218         16,835          2,481 
 Others, net               40,324       (28,761)            235             35         69,467       (28,526)        (4,204) 
                    -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
 Income before 
  income tax              246,965        339,412        246,849         36,381        497,886        586,261         86,404 
                    -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
 Income tax 
  expense                (28,470)       (45,257)       (24,846)        (3,662)       (56,651)       (70,103)       (10,332) 
                    -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
 Net income               218,495        294,155        222,003         32,719        441,235        516,158         76,072 
 Less: net income 
  attributable to 
  noncontrolling 
     interests              1,378         10,019          4,257            627          2,078         14,276          2,104 
 Net income 
  attributable to 
  RLX Technology 
  Inc.                    217,117        284,136        217,746         32,092        439,157        501,882         73,968 
                    =============  =============  =============  =============  =============  =============  ============= 
 Other 
 comprehensive 
 (loss)/income: 
 Foreign currency 
  translation 
  adjustments            (26,510)      (173,952)      (181,016)       (26,678)       (42,181)      (354,968)       (52,316) 
 Unrealized 
  income/(loss) on 
  long-term 
  investment 
    securities                698       (22,208)          2,726            402          2,765       (19,482)        (2,871) 
                    -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
 Total other 
  comprehensive 
  loss                   (25,812)      (196,160)      (178,290)       (26,276)       (39,416)      (374,450)       (55,187) 
                    -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
 Total 
  comprehensive 
  income                  192,683         97,995         43,713          6,443        401,819        141,708         20,885 
 Less: total 
  comprehensive 
  income 
  attributable to 
    noncontrolling 
  interests                   632         11,699          4,368            644          1,268         16,067          2,368 
 Total 
  comprehensive 
  income 
  attributable to 
  RLX   Technology 
  Inc.                    192,051         86,296         39,345          5,799        400,551        125,641         18,517 
                    =============  =============  =============  =============  =============  =============  ============= 
 
 Net income per 
 ordinary 
 share/ADS 
 Basic                      0.178          0.231          0.178          0.026          0.359          0.408          0.060 
 Diluted                    0.166          0.216          0.167          0.025          0.335          0.383          0.056 
 
 Weighted average 
 number of 
 ordinary 
 shares/ADSs 
 Basic              1,221,705,674  1,232,448,894  1,226,191,545  1,226,191,545  1,224,005,302  1,229,302,934  1,229,302,934 
 Diluted            1,309,486,924  1,313,480,246  1,307,483,883  1,307,483,883  1,309,617,920  1,311,101,429  1,311,101,429 
                    =============  =============  =============  =============  =============  =============  ============= 
 
 
                                                      RLX TECHNOLOGY INC. 
                                     UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS 
                                (All amounts in thousands, except for share and per share data) 
 
                                        For the three months ended                           For the six months ended 
                        ----------------------------------------------------------  ------------------------------------------- 
                          June 30,       March 31,      June 30,       June 30,       June 30,       June 30,       June 30, 
                            2025           2026           2026           2026           2025           2026           2026 
                        -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
                             RMB            RMB            RMB            US$            RMB            RMB            US$ 
Income from operations         38,958        244,635        130,381         19,215        116,397        375,016         55,270 
Add: share-based 
compensation expenses 
     Selling expenses          13,262          5,919          3,327            490         16,572          9,246          1,363 
     General and 
      administrative 
      expenses                 38,368         45,841          4,218            622         62,639         50,059          7,378 
     Research and 
      development 
      expenses                  7,188          3,494          1,516            223          7,933          5,010            738 
    Amortization and 
    depreciation of 
    assets resulting 
    from 
           business 
    acquisitions 
       Cost of 
        revenues               13,347              -              -              -         13,347              -              - 
       Selling 
        expenses                4,881          9,956          9,707          1,431          6,884         19,663          2,898 
       General and 
        administrative 
        expenses                  167            469            455             67            195            924            136 
                        -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
Non-GAAP income from 
 operations                   116,171        310,314        149,604         22,048        223,967        459,918         67,783 
                        =============  =============  =============  =============  =============  =============  ============= 
 
Net income                    218,495        294,155        222,003         32,719        441,235        516,158         76,072 
Add: share-based 
 compensation 
 expenses                      58,818         55,254          9,061          1,335         87,144         64,315          9,479 
     Amortization and 
      depreciation of 
      assets resulting 
      from 
             business 
      acquisitions             18,395         10,425         10,162          1,498         20,426         20,587          3,034 
    Tax effects on 
     non-GAAP 
     adjustments              (4,513)        (2,527)        (2,465)          (363)        (4,938)        (4,992)          (736) 
                        -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
Non-GAAP net income           291,195        357,307        238,761         35,189        543,867        596,068         87,849 
                        =============  =============  =============  =============  =============  =============  ============= 
 
Net income 
 attributable to RLX 
 Technology Inc.              217,117        284,136        217,746         32,092        439,157        501,882         73,968 
Add: share-based 
 compensation 
 expenses                      58,818         55,254          9,061          1,335         87,144         64,315          9,479 
     Amortization and 
      depreciation of 
      assets resulting 
      from 
             business 
      acquisitions(a)          13,002          7,613          7,410          1,092         15,033         15,023          2,214 
    Tax effects on 
     non-GAAP 
     adjustments(a)           (3,164)        (1,824)        (1,777)          (262)        (3,589)        (3,601)          (531) 
                        -------------  -------------  -------------  -------------  -------------  -------------  ------------- 
Non-GAAP net income 
 attributable to RLX 
 Technology   Inc.            285,773        345,179        232,440         34,257        537,745        577,619         85,130 
                        =============  =============  =============  =============  =============  =============  ============= 
 
Non-GAAP net income 
per ordinary 
share/ADS 
- Basic                         0.234          0.280          0.190          0.028          0.439          0.470          0.069 
- Diluted                       0.218          0.263          0.178          0.026          0.411          0.441          0.065 
Weighted average 
number of ordinary 
shares/ADSs 
- Basic                 1,221,705,674  1,232,448,894  1,226,191,545  1,226,191,545  1,224,005,302  1,229,302,934  1,229,302,934 
- Diluted               1,309,486,924  1,313,480,246  1,307,483,883  1,307,483,883  1,309,617,920  1,311,101,429  1,311,101,429 
 
 
Note (a): The amortization and depreciation expense and related tax effect 
attributable to noncontrolling interests have been excluded from the 
presentation in the reconciliation items for GAAP and Non-GAAP results. 
 
 
                                         RLX TECHNOLOGY INC. 
                      UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 
                                      (All amounts in thousands) 
 
                              For the three months ended                For the six months ended 
                      -------------------------------------------  ----------------------------------- 
                      June 30,   March 31,    June 30,   June 30,   June 30,     June 30,    June 30, 
                        2025        2026        2026       2026       2025         2026        2026 
                      ---------  -----------  ---------  --------  -----------  -----------  --------- 
                         RMB         RMB         RMB       US$         RMB          RMB         US$ 
Net cash generated 
 from/(used in) 
 operating 
 activities             229,616     (68,841)   (63,227)   (9,319)      436,781    (132,068)   (19,464) 
Net cash (used 
 in)/generated from 
 investing 
 activities           (816,501)    (116,326)    983,338   144,926  (1,803,667)      867,012    127,782 
Net cash used in 
 financing 
 activities           (326,948)    (863,712)  (403,599)  (59,483)    (312,513)  (1,267,311)  (186,779) 
Effect of foreign 
 exchange rate 
 changes on cash, 
 cash   equivalents 
 and restricted 
 cash                     2,436     (57,648)  (115,006)  (16,950)      (5,604)    (172,654)   (25,447) 
                      ---------  -----------  ---------  --------  -----------  -----------  --------- 
Net 
 (decrease)/increase 
 in cash and cash 
 equivalents   and 
 restricted cash      (911,397)  (1,106,527)    401,506    59,174  (1,685,003)    (705,021)  (103,908) 
Cash, cash 
 equivalents and 
 restricted cash at 
 the   beginning of 
 the period           4,870,753    5,545,012  4,438,485   654,152    5,644,359    5,545,012    817,234 
Cash, cash 
 equivalents and 
 restricted cash at 
 the end   of the 
 period               3,959,356    4,438,485  4,839,991   713,326    3,959,356    4,839,991    713,326 
 

View original content:https://www.prnewswire.com/news-releases/rlx-technology-announces-unaudited-second-quarter-2026-financial-results-302851705.html

SOURCE RLX Technology Inc.

 

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