RLX Technology Inc.

RLX · XNYS

CIK 1828365fmd_1JPX39R2DYKN4CKSRSB5GEDHJ5Manufacturing · CigarettesTemplate: Standard

Coverage: Jan 02, 2018 to Dec 31, 2025, 8 periods

Income Statement · Annual · Millions · CNY
Line item	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	133	1,549	3,820	8,521	5,333	1,586	2,749	3,959
Cost of revenue	73	968	2,292	4,849	2,975	856	1,718	2,434
Gross profit	59	581	1,528	3,672	2,305	388	727	1,184
Provision for credit losses	–	0	0	3	25	2	4	2
Research and development	2	32	299	180	317	173	88	131
Total operating expenses	57	525	1,514	1,373	1,242	884	834	855
Operating income	2	56	13	2,299	1,063	(497)	(107)	329
Interest expense	–	–	–	–	1	–	0	6
Other non-operating income (expense)	(0)	17	37	194	400	215	100	113
Income before taxes	2	74	102	2,660	1,780	592	659	1,053
Income tax expense	2	26	231	631	372	51	94	119
Net income from continuing operations	(0)	48	(128)	2,028	1,409	541	564	934
Net income	(0)	48	(128)	2,025	1,441	534	552	922
Net income to common shareholders	–	–	(128)	2,025	1,441	534	552	854