RLX Technology Announces Unaudited Third Quarter 2022 Financial Results
RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share (RLX)
Company Research
Source: PR Newswire
BEIJING, Nov. 16, 2022 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading branded e-vapor company in China, today announced its unaudited financial results for the third quarter ended September 30, 2022.Third Quarter 2022 Financial HighlightsNet revenues were RMB1,044.4 million (US$146.8 million), compared with RMB1,676.7 million in the same period of 2021.Gross margin was 50.0%, compared with 39.1% in the same period of 2021.U.S. GAAP net income was RMB505.2 million (US$71.0 million), compared with RMB976.4 million in the same period of 2021.Non-GAAP net income[1] was RMB328.6 million (US$46.2 million), compared with RMB452.7 million in the same period of 2021."During the third quarter of 2022, we remained dedicated to preparing for a smooth transition to the new national standards, which came into full effect on October 1, 2022. Specifically, we wound down shipments of our older products and gradually switched to the National Transaction P
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Sec Filings
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- RLX's page on the SEC website