RLX Technology Inc. (RLX) — Financial statements
Income statement, balance sheet, and cash flow for RLX Technology Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,519↑43.9% | 2,445↑96.5% | 1,244↓76.7% | 5,333↓37.4% | 8,521 | |
| Cost of Revenue | 2,367↑37.8% | 1,718↑100.6% | 856↓71.7% | 3,028↓37.6% | 4,849 | |
| Gross Profit | 1,151↑58.5% | 727↑87.4% | 388↓83.2% | 2,305↓37.2% | 3,672 | |
| Operating Expenses | ||||||
| R&D Expenses | 127↑44.3% | 88↓48.9% | 173↓45.5% | 317↑76.3% | 180 | |
| General & Administrative Expenses | 0.00↓100.0% | 516↑3.6% | 498↓13.7% | 577↓14.3% | 673 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 229↑7.4% | 214↓38.5% | 348↓33.2% | 521 | |
| SG&A Expenses | 704↓5.5% | 745↑4.7% | 712↓23.0% | 925↓22.5% | 1,193 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 832↓0.2% | 834↓5.7% | 884↓28.8% | 1,242↓9.6% | 1,373 | |
| Total Costs & Expenses | 3,199↑25.4% | 2,552↑46.6% | 1,741↓59.2% | 4,269↓31.4% | 6,222 | |
| Operating Results | ||||||
| Operating Income | 320↑398.3% | -107↑78.4% | -497↓146.7% | 1,063↓53.7% | 2,299 | |
| Depreciation & Amortization | 0.00↓100.0% | 47↓51.8% | 97↑18.7% | 81↑78.4% | 46 | |
| EBITDA | 320↑627.1% | -61↑84.8% | -400↓134.9% | 1,145↓51.2% | 2,344 | |
| EBIT | 320↑398.3% | -107↑78.4% | -497↓146.7% | 1,063↓53.7% | 2,299 | |
| Interest & Other Income | ||||||
| Net Interest Income | 595↓3.4% | 616↓1.8% | 628↑247.4% | 181↑149.6% | 72 | |
| Interest Income | 595↓3.4% | 616↓1.8% | 628↑247.4% | 181↑149.6% | 72 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 705↓7.9% | 766↓29.6% | 1,088↑51.8% | 717↑98.7% | 361 | |
| Income Before Tax | 1,025↑55.5% | 659↑11.3% | 592↓66.8% | 1,780↓33.1% | 2,660 | |
| Income Tax Expense | 116↑22.5% | 94↑86.1% | 51↓86.3% | 372↓41.2% | 631 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 909↑61.1% | 564↑4.3% | 541↓61.6% | 1,409↓30.5% | 2,028 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 897↑62.5% | 552↑3.3% | 534↓62.9% | 1,441↓28.8% | 2,025 | |
| Bottom-Line Net Income | 897↑62.5% | 552↑3.3% | 534↓62.9% | 1,441↓28.8% | 2,025 | |
| EPS (Basic) | 0.70↑55.6% | 0.45↑12.5% | 0.40↓63.3% | 1.09↓24.3% | 1.44 | |
| EPS (Diluted) | 0.70↑62.8% | 0.43↑7.5% | 0.40↓63.3% | 1.09↓24.3% | 1.44 | |
| Weighted Average Shares | 1,224↓0.7% | 1,232↓8.0% | 1,339↑1.5% | 1,320↓5.8% | 1,401 | |
| Weighted Average Diluted Shares | 1,224↓5.0% | 1,289↓3.8% | 1,340↑0.9% | 1,328↓5.8% | 1,410 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.