RLX Generation Pronounces Unaudited 3rd Quarter 2024 Monetary Effects

SHENZHEN, China, Nov. 15, 2024 /PRNEWSWIRE/ – RLX Generation Inc. (“RLX Technology” or the “Company”) (NYSE: RLX), a well-known international branded e-vapor corporate, these days introduced its unaudited monetary effects for the 3rd quarter ended September 30, 2024.

3rd Quarter 2024 Monetary Highlights

• Web revenues had been RMB756.3 million (US$107.8 million) within the 3rd quarter of 2024, when compared with RMB498.9 million in the similar length of 2023.
• Rude margin was once 27.2% within the 3rd quarter of 2024, when compared with 24.1% in the similar length of 2023.
• U.S. GAAP internet source of revenue was once RMB169.4 million (US$24.1 million) within the 3rd quarter of 2024, when compared with RMB176.6 million in the similar length of 2023.
• Non-GAAP internet source of revenue^[1] was once RMB261.9 million (US$37.3 million) within the 3rd quarter of 2024, when compared with RMB201.4 million in the similar length of 2023.

“We delivered another strong performance in the third quarter of 2024, showcasing our ability to consistently excel in diverse markets despite rapidly evolving trends and regulations,” commented Ms. Ying (Kate) Wang, Co-founder, Chairperson of the Board of Administrators, and Eminent Govt Officer of RLX Generation. “Our efficient, adaptable localization strategies have empowered us to establish market leadership in multiple countries by cultivating strong product-market alignment and building solid relationships with local distributors and retailers. Furthermore, our broad offering of premium, reliable cartridge-based products and growing selection of disposables and open-system products have earned the loyalty of adult smokers worldwide. As a trusted e-vapor brand for adult smokers, we remain committed to creating innovative, high-quality products in line with shifting trends and regulations, meeting users’ needs while driving RLX’s long-term growth.”

Mr. Chao Lu, Eminent Monetary Officer of RLX Generation, added, “Our robust third quarter results were led by a 51.6% year-over-year increase in net revenues to RMB756.3 million, underscoring the success of our internationalization efforts. Our gross margin also improved year over year, expanding 3.1 percentage points to 27.2%, thanks to a favorable shift in our revenue mix and our effective cost optimization initiatives. Notably, we maintained stable non-GAAP operating expenses while rapidly growing revenue, highlighting our operational leverage. We are also excited to continue returning value to our shareholders with our second cash dividend since our IPO while also executing our share repurchase program. Going forward, we will remain dedicated to pursuing development opportunities that deliver sustainable, growing profits and enhance returns for our shareholders.”

3rd Quarter 2024 Monetary Effects

Web revenues had been RMB756.3 million (US$107.8 million) within the 3rd quarter of 2024, when compared with RMB498.9 million in the similar length of 2023. The rise was once essentially because of our world growth.

Rude benefit was once RMB206.0 million (US$29.4 million) within the 3rd quarter of 2024, when compared with RMB120.0 million in the similar length of 2023.

Rude margin was once 27.2% within the 3rd quarter of 2024, when compared with 24.1% in the similar length of 2023. The rise was once essentially because of a positive exchange within the income combine and the price optimization efforts.

Working bills had been RMB216.6 million (US$30.9 million) within the 3rd quarter of 2024, when compared with RMB154.4 million in the similar length of 2023. The rise was once essentially because of the fluctuation of share-based repayment bills, from RMB24.8 million within the 3rd quarter of 2023 to RMB92.5 million (US$13.2 million) within the 3rd quarter of 2024. The adjustments in share-based repayment bills had been essentially because of the adjustments within the honest worth of the proportion incentive awards that the Corporate granted to its staff in sequence with the fluctuations within the Corporate’s percentage value.

Promoting bills had been RMB69.0 million (US$9.8 million) within the 3rd quarter of 2024, when compared with RMB44.8 million in the similar length of 2023, essentially because of an build up in share-based repayment bills and branding bills.

Basic and administrative bills had been RMB123.2 million (US$17.6 million) within the 3rd quarter of 2024, when compared with RMB78.8 million in the similar length of 2023, essentially because of an build up in share-based repayment bills.

Analysis and construction bills had been RMB24.4 million (US$3.5 million) within the 3rd quarter of 2024, when compared with RMB30.8 million in the similar length of 2023, essentially because of a trim in salaries, welfare advantages and depreciation and amortization bills, fairly offset by way of an build up in share-based repayment bills.

Loss from operations was once RMB10.7 million (US$1.5 million) within the 3rd quarter of 2024, when compared with RMB34.3 million in the similar length of 2023.

Source of revenue tax expense was once RMB30.4 million (US$4.3 million) within the 3rd quarter of 2024, when compared with RMB1.7 million in the similar length of 2023.

U.S. GAAP net source of revenue was once RMB169.4 million (US$24.1 million) within the 3rd quarter of 2024, when compared with RMB176.6 million in the similar length of 2023.

Non-GAAP internet source of revenue was once RMB261.9 million (US$37.3 million) within the 3rd quarter of 2024, when compared with RMB201.4 million in the similar length of 2023.

U.S. GAAP plain and diluted internet source of revenue in step with American depositary percentage (“ADS”) had been RMB0.135 (US$0.019) and RMB0.129 (US$0.018), respectively, within the 3rd quarter of 2024, when compared with U.S. GAAP plain and diluted internet source of revenue in step with ADS of RMB0.133 and RMB0.130, respectively, in the similar length of 2023.

Non-GAAP plain and diluted internet source of revenue in step with ADS^[2] had been RMB0.211 (US$0.030) and RMB0.200 (US$0.029), respectively, within the 3rd quarter of 2024, when compared with non-GAAP plain and diluted internet source of revenue in step with ADS of RMB0.152 and RMB0.149, respectively, in the similar length of 2023.

Stability Sheet and Money Wave

As of September 30, 2024, the Corporate had money and money equivalents, limited money, momentary reserve deposits, internet, momentary investments, internet, long-term reserve deposits, internet and long-term funding securities, internet of RMB15,361.7 million (US$2,189.0 million), when compared with RMB14,930.8 million as of June 30, 2024. Within the 3rd quarter of 2024, internet money generated from working actions was once RMB156.6 million (US$22.3 million).

Dividend Cost

The Corporate introduced that its Board of Administrators authorized a money dividend of US$0.01 in step with regular percentage, or US$0.01 in step with ADS, to holders of regular stocks and holders of ADSs, respectively, as of the similar of industrial on December 6, 2024 Beijing/Hong Kong Life and Brandnew York Life, respectively, payable in U.S. greenbacks. The cost occasion is anticipated to be on or round December 13, 2024 and on or round December 20, 2024 for holders of regular stocks and holders of ADSs, respectively.

Convention Name

The Corporate’s control will host an profits convention name at 7:00 AM U.S. Jap Life on November 15, 2024 (8:00 PM Beijing/Hong Kong Life on November 15, 2024).

Dial-in main points for the profits convention name are as follows:

Contributors must dial in 10 mins earlier than the scheduled get started date and ask to be attached to the decision for “RLX Technology Inc.” with the Player Code as poised forth above.

Moreover, a reside and archived webcast of the convention name can be to be had at the Corporate’s investor family members website online at https://ir.relxtech.com.

A replay of the convention name can be out there roughly two hours next the belief of the decision till November 22, 2024, by way of dialing please see phone numbers:

About RLX Generation Inc.

RLX Generation Inc. (NYSE: RLX) is a well-known international branded e-vapor corporate. The Corporate leverages its robust in-house generation, product construction features and in-depth insights into grownup people who smoke’ must build stunning e-vapor merchandise.

For more info, please consult with: http://ir.relxtech.com.

Non-GAAP Monetary Measures

The Corporate makes use of non-GAAP internet source of revenue and non-GAAP plain and diluted internet source of revenue in step with ADS, every a non-GAAP monetary measure, in comparing its working effects and for monetary and operational decision-making functions. Non-GAAP internet source of revenue represents internet source of revenue with the exception of share-based repayment bills. Non-GAAP plain and diluted internet source of revenue in step with ADS is computed the usage of non-GAAP internet source of revenue due to RLX Generation Inc. and the similar collection of ADSs impaired in U.S. GAAP plain and diluted internet source of revenue in step with ADS calculation.

The Corporate items those non-GAAP monetary measures as a result of they’re impaired by way of the control to guage its working efficiency and formulate industry plans. The Corporate believes that they assistance establish underlying tendencies in its industry that would in a different way be distorted by way of the impact of sure bills which are integrated in internet source of revenue. The Corporate additionally believes that the significance of the non-GAAP measures facilitates traders’ evaluate of its working efficiency, as they may grant helpful details about its working effects, complements the total figuring out of its generation efficiency and while potentialities and permits for larger visibility with appreciate to key metrics impaired by way of the control in its monetary and operational resolution making.

The non-GAAP monetary measures don’t seem to be outlined beneath U.S. GAAP and don’t seem to be offered in line with U.S. GAAP. The non-GAAP monetary measures have obstacles as analytical gear. They must no longer be regarded as in isolation or construed as an backup to internet source of revenue, plain and diluted internet source of revenue in step with ADS or any alternative measure of efficiency or as a hallmark of its working efficiency. Buyers are inspired to check its ancient non-GAAP monetary measures to essentially the most without delay similar U.S. GAAP measures. The non-GAAP monetary measures right here will not be similar to in a similar fashion titled measures offered by way of alternative corporations. Alternative corporations might calculate in a similar fashion titled measures another way, restricting their significance as comparative measures to our information. The Corporate encourages traders and others to check its monetary data in its entirety and no longer depend on any unmarried monetary measure.

For more info at the non-GAAP monetary measures, the following the desk captioned “Unaudited Reconciliation of GAAP and non-GAAP Results” poised forth on the finish of this press drop.

Trade Fee Data

This announcement comprises translations of sure RMB quantities into U.S. greenbacks at a specified price only for the benefit of the reader. Except in a different way famous, all translations from RMB to U.S. greenbacks and from U.S. greenbacks to RMB are made at a price of RMB7.0176 to US$1.00, the trade price on September 30, 2024, poised forth within the H.10 statistical drop of the Federal Conserve Board. The Corporate makes incorrect illustration that the RMB or U.S. buck quantities referred may well be transformed into U.S. greenbacks or RMB, because the case is also, at any specific price or in any respect.

Secure Harbor Commentary

This announcement comprises forward-looking statements. Those statements are made beneath the “safe harbor” provisions of the U.S. Non-public Securities Litigation Reform Office of 1995. Those forward-looking statements can also be recognized by way of terminology reminiscent of “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” and matching statements. Amongst alternative issues, quotations from control on this announcement, in addition to the Corporate’s strategic and operational plans, include forward- searching statements. The Corporate might also construct written or oral forward-looking statements in its periodic studies to the U.S. Securities and Trade Fee, in its annual report back to shareholders, in press releases and alternative written fabrics and in oral statements made by way of its officials, administrators or staff to 3rd events. Statements that don’t seem to be ancient details, together with however no longer restricted to statements in regards to the Corporate’s ideals and expectancies, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A variety of components may motive unedited effects to range materially from the ones contained in any forward-looking observation, together with however no longer restricted to please see: the Corporate’s expansion methods; its while industry construction, result of operations and fiscal situation; tendencies and pageant in international e-vapor marketplace; adjustments in its revenues and likely value or expense pieces; governmental insurance policies, rules and laws throughout numerous jurisdictions in terms of the Corporate’s trade, and normal financial and industry situations globally and in China and guesses underlying or homogeneous to any of the foregoing. Additional data referring to those dangers, uncertainties or components is integrated within the Corporate’s filings with the U.S. Securities and Trade Fee. All data supplied on this press drop and within the attachments is modern as of the occasion of this press drop, and the Corporate does no longer adopt any legal responsibility to replace such data, aside from as required beneath acceptable regulation.

For more info, please touch:

In China:

RLX Generation Inc.
Head of Capital Markets
Sam Tsang
E-mail: [email protected]

Piacente Monetary Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: [email protected] 

In the US:

Piacente Monetary Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected]

SOURCE RLX Generation Inc.

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