RLX Technology Inc. (RLX)

RLX Technology Income Statement

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

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

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q