RLX Technology (NYSE:RLX) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN￥558.6m (up 107% from 2Q 2023).

• Net income: CN￥132.3m (down 35% from 2Q 2023).

• Profit margin: 24% (down from 75% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: CN￥0.11 (down from CN￥0.15 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

RLX Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 42%.

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Global Tobacco industry.

Performance of the market in the US.

The company's shares are up 1.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of RLX Technology's balance sheet and an in-depth analysis of the company's financial position.

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