YOLFTbeta
RLX Technology Inc

RLX Technology Inc

RLX · NYSE · Consumer Defensive / Tobacco

1.56USD+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close1.56
Open1.54
Day Range1.53 – 1.57
52-Week Range1.58 – 2.49
Volume987.80K
Market Cap1.97B
P/E (TTM)14.64
Forward P/E6.66
EPS0.11
Dividend Yield6.21%
Beta1.11
50-Day Avg1.71
200-Day Avg2.01

About

RLX Technology Inc., through its subsidiaries, develops, manufactures, and sells e-vapor products in the People's Republic of China and internationally. It offers rechargeable e-vapor products under the Qingyu, Phantom, Phantom Pro, Zeus, Leili, and Daqian names; and disposable e-vapor products under the Feiliu and Feiliu Mega names. The company also provides closed-system rechargeable products, open-system products, closed-system disposable products, and modern oral products. It sells its products through local channels, third-party distribution channels, and distribution channels co-managed with third parties, as well as online and offline end users. The company was founded in 2018 and is headquartered in Shenzhen, the People's Republic of China.

Company Details

  • SectorConsumer Defensive
  • IndustryTobacco
  • CEOMs. Wang Ying
  • Employees897
  • Headquarters10th Floor, Building 1A, Unit 1, Shenzhen, China, 518125, USA
  • Websitehttps://ir.relxtech.com

Leadership

  • Ms. Wang YingCo-founder, Chairperson of the Board of Directors & CEO · b. 1982
  • Mr. Jiang LongCo-founder & Director · b. 1979
  • Mr. Wen YilongCo-founder & Director · b. 1989
  • Mr. Chao LuChief Financial Officer · b. 1985
  • Sean DaiGeneral Counsel & Compliance Officer
  • Ms. Zhang YueduoHead of Finance · b. 1987
  • Sam TsangHead of Capital Markets

Financials

Income Statement

Currency: CNY2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue132.61M1.55B3.82B8.52B5.33B1.24B2.44B3.52B
Growth (%)-+1068.33%+146.54%+123.08%-37.42%-76.67%+96.50%+43.94%
Cost of Revenue73.37M968.41M2.29B4.85B3.03B856.33M1.72B2.37B
Gross Profit59.25M580.94M1.53B3.67B2.31B387.71M726.52M1.15B
Gross Margin44.68%37.50%39.99%43.09%43.23%31.17%29.72%32.72%
Operating Expense57.04M524.56M1.51B1.37B1.24B884.42M833.66M831.75M
Operating Income2.21M56.39M13.15M2.30B1.06B-496.71M-107.14M319.61M
Operating Margin1.67%3.64%0.34%26.98%19.94%-39.93%-4.38%9.08%
EBITDA2.25M69.79M75.60M2.77B1.94B688.34M734.60M1.12B
EBITDA Margin1.70%4.50%1.98%32.54%36.47%55.33%30.05%31.72%
Net Income-287.00K47.75M-128.10M2.02B1.44B534.33M551.84M896.75M
Net Income Margin-0.22%3.08%-3.35%23.76%27.03%42.95%22.57%25.49%
R&D2.06M31.93M299.29M179.91M317.11M172.69M88.31M127.44M
R&D as % of Total Revenue1.56%2.06%7.84%2.11%5.95%13.88%3.61%3.62%
Interest Expense107.00K17.29M32.41M565.20M180.73M---
Interest Expense % of Total Revenue0.08%1.12%0.85%6.63%3.39%---

Balance Sheet

Currency: CNY2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets105.74M1.44B620.80M16.37B16.38B16.32B16.87B17.94B
Total Liabilities99.11M1.34B390.11M2.85B838.45M716.68M881.10M2.20B
Total Equity6.62M106.28M230.68M13.51B15.57B15.61B15.99B15.64B
Cash68.17M135.54M222.45M5.21B1.27B2.39B5.59B5.55B
Total Debt1.31M738.79M155.74M184.81M85.92M94.96M58.50M176.47M
Net Debt-67.68M-42.77M-66.71M-5.02B-1.18B-2.30B-5.53B-5.37B

Cash Flow

Currency: CNY2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-977.00K338.13M2.59B1.80B486.83M198.70M854.35M1.10B
Investing Cash Flow-397.00K-497.84M-1.81B-7.87B-4.13B2.09B3.02B-822.19M
Financing Cash Flow69.59M576.40M174.88M9.90B-477.27M-1.19B-678.03M-282.75M
Capital Expenditure397.00K92.39M17.45M138.84M38.64M32.41M12.26M118.72M
Free Cash Flow-1.37M245.73M2.57B1.66B448.19M166.29M842.09M985.83M
Dividends Paid36.00M36.00M0325.45M640.00K92.38M88.84M91.47M
FCF to OCF140.63%72.67%99.33%92.29%92.06%83.69%98.56%89.25%
Dividend Paid to FCF-2620.09%14.65%0.00%19.59%0.14%55.56%10.55%9.28%

Earnings

Report DateSep 30, 2019Dec 31, 2019Sep 30, 2020Mar 26, 2021Jun 2, 2021Aug 20, 2021Dec 3, 2021Mar 11, 2022May 20, 2022Sep 21, 2022Nov 16, 2022Mar 10, 2023May 17, 2023Aug 18, 2023Nov 13, 2023Mar 15, 2024May 17, 2024Aug 16, 2024Nov 15, 2024Mar 14, 2025May 16, 2025Aug 22, 2025Nov 14, 2025Mar 6, 2026May 20, 2026Aug 14, 2026Nov 13, 2026
EPS Estimate0.000.000.000.26-----0.350.380.04-0.040.030.100.140.160.180.200.200.170.180.220.230.210.630.23
EPS Actual0.00-0.010.000.29-0.030.090.110.060.080.050.060.05-0.010.150.130.330.160.160.200.190.190.220.220.200.260.03-
Surprise---11.54%------84.90%-85.41%25.00%85.35%400.00%30.00%135.71%0.00%-11.11%0.00%-5.00%11.76%22.22%0.00%-13.94%23.81%-95.24%-
Timing---Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap1.97B
Enterprise Value694.85M
Trailing P/E14.64
Forward P/E6.66
Price / Sales0.44
Price / Book0.85
EPS0.11
Book Value1.89
Revenue (TTM)4.50B
Gross Profit (TTM)1.57B
EBITDA657.50M
Profit Margin21.87%
Operating Margin14.22%
Return on Equity6.34%
Return on Assets2.14%
Shares Outstanding913.54M
Shares Float334.46M
Beta1.11
Dividend Yield6.21%
Dividend Rate0.10
Payout Ratio20.41%

Analyst Ratings

Strong Buy
Based on 6 analystsTarget 2.78
  • Strong Buy
    5
  • Hold
    1

Ownership Breakdown

Institutions
29.35%
Insiders
89.36%
Retail / Other
0.00%

Top Institutional Holders

  • IDG China Venture Capital Fund V Associates L.P.
    55.07M4.51%
  • Nomura Holdings Inc
    22.58M1.85%
  • Vanguard Capital Management, LLC
    20.93M1.71%
  • OCEANLINK MANAGEMENT LTD.
    13.32M1.09%
  • BlackRock Inc
    9.63M0.79%
  • D. E. Shaw & Co LP
    9.55M0.78%
  • Aspex Management (HK) Ltd
    7.90M0.65%
  • Perseverance Asset Management International
    7.36M0.60%
  • Barclays PLC
    6.05M0.49%
  • Vanguard Fiduciary Trust Co
    5.65M0.46%
  • Pictet Asset Manangement SA
    3.93M0.32%
  • Morgan Stanley - Brokerage Accounts
    3.91M0.32%
  • Acadian Asset Management LLC
    3.67M0.30%
  • State Street Corp
    2.99M0.24%
  • Bank of America Corp
    2.46M0.20%
  • Two Sigma Investments LLC
    2.34M0.19%
  • The Goldman Sachs Group Inc
    2.17M0.18%

Top Fund Holders

  • iShares Core MSCI Emerging Markets ETF
    4.10M0.34%
  • PGSF Glb Hi Yld Em Eq PDI
    3.13M0.26%
  • Moneta Multi Caps C
    3.00M0.25%

Dividends

20261×
0.10Jan 26, 2026
20251×
0.01Sep 12, 2025
20241×
0.01Dec 6, 2024
20231×
0.01Nov 30, 2023