RLX Technology

RLX

市值 US$20.8億

RLX Technology Inc. remains a BUY despite post-2Q26 margin compression, supported by strong growth forecasts and discounted valuation versus peers. RLX's international segment, now 70% of revenue, is boosted by recent European acquisitions, enhancing distribution and long-term growth prospects. Gross margins peaked in 2Q26 and are expected to normalize in 2H26 due to increased distributor participation and product mix shifts.

RLX Technology Inc. (RLX) Q2 2026 Earnings Call Transcript

RLX Technology NYSE: RLX reported second-quarter 2026 revenue growth of 14.8% year over year, supported primarily by international expansion, while management outlined plans to deepen its European distribution footprint and broaden its portfolio of smoke-free products.

SHENZHEN, China, Aug. 14, 2026 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial Highlights Net revenues were RMB1,010.5 million (US$148.9 million) in the second quarter of 2026, increasing by 14.8% from RMB880.0 million in the same period of 2025.

- Earnings Call Scheduled for 8:00 a.m. ET on August 14, 2026 - SHENZHEN, China, Aug. 5, 2026 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2026, before the U.S. markets open on Friday, August 14, 2026.

RLX Technologies is well-positioned as China's e-vapor leader, leveraging a 60% market share and expanding aggressively into international markets. RLX's international revenue now exceeds 70% of total, driven by the Totally Wicked acquisition, robust distribution in Europe, and streamlined manufacturing via the Nexus hub. Shares trade at 11.9x 2027E earnings with a 5.5% dividend yield, offering attractive risk/reward as RLX pursues a bolt-on M&A growth strategy.

RLX Technology Inc (RLX) is a fully integrated manufacturer of e-cigarette products based in Shenzhen, China. The vaping industry is estimated to see 10x growth from 2025 to 2033 and reach $462bn. RLX had a payout ratio of 103% in 2025, is cash rich, carries no debt and the dividend is expected to grow over the next few years.

RLX Technology Inc. (RLX) Q1 2026 Earnings Call Transcript

RLX Technology NYSE: RLX reported a sharp increase in first-quarter 2026 revenue, driven by international expansion, contributions from a European investment and continued stability in mainland China, executives said on the company's earnings call.

SHENZHEN, China, May 20, 2026 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights Net revenues were RMB1,585.8 million (US$229.9 million) in the first quarter of 2026, increasing by 96.2% from RMB808.3 million in the same period of 2025.