Overseas expansion fuels robust growth, RLX Technology's net revenue in 2024 is US$427.5 million.

Securities Times reporter Wu Shun

RLX Technology Inc. (NYSE:RLX) released its unaudited financial results for the fourth quarter and full year of 2024 on March 14.

The report showed that RLX Technology's net revenue in the fourth quarter of 2024 was US$110 million, up 7.6% from the previous quarter and 56.3% from the same period last year. Under non-US generally accepted accounting principles, the adjusted net profit in the fourth quarter was US$34.46 million. The net revenue for the full year of 2024 was US$380 million, up 73.3% from the previous year. Under non-US generally accepted accounting principles, the adjusted net profit for the full year was US$130 million.

RLX Technology founder, chairman, and CEO Wang Ying stated that 2024 was a milestone year for the company, with significant progress made in its global operations. "We have upgraded our organizational structure and optimized our business strategy to meet the increasingly diversified and dynamic needs of the international market, and launched several innovative products that have been well recognized in the international market. These efforts have driven growth and solidified our leadership in multiple global markets. Looking ahead to 2025, we will continue to focus on the compliance market, refine our sales channels, and diversify our product matrix to provide high-quality products for adult smokers, while actively responding to industry changes, seizing new opportunities, and adhering to long-termism."

RLX Technology CFO Lu Chao said the company achieved significant results in its global market expansion in 2024, with a full-year revenue growth of 73.3% to US$380 million. The operating profit under non-US generally accepted accounting principles in the fourth quarter of 2024 reached US$34.46 million, achieving consecutive quarterly growth and driving the company to achieve profitability in 2024. In the future, the company will continue to implement stock repurchases and cash dividends to return to shareholders and continue to drive sustainable profit growth to create greater value for shareholders.