RLX Technology reported strong Q2 2024 results with net revenues reaching RMB627.2 million ($86.3 million), up 66% YoY, driven by international business expansion. Gross margin slightly declined to 25.2% from 26.1% due to revenue mix changes. U.S. GAAP net income was RMB134.9 million, while non-GAAP net income increased to RMB213.1 million from RMB86.2 million last year.The company continues to focus on overseas market development and regulatory compliance, with management highlighting evolving global regulations that increasingly recognize e-vapor products as harm-reduction tools. Strategic priorities include product innovation and partnerships to drive user engagement and market share growth internationally.As of June 30, 2024, RLX maintained a strong financial position with cash and investments totaling RMB14.93 billion ($2.05 billion). Operating cash flow was positive at RMB196.8 million for the quarter, demonstrating operational efficiency despite increased operating expenses primarily due to share-based compensation changes.

RLX Technology reported strong Q2 2024 results with net revenues reaching RMB627.2 million ($86.3 million), up 66% YoY, driven by international business expansion. Gross margin slightly declined to 25.2% from 26.1% due to revenue mix changes. U.S. GAAP net income was RMB134.9 million, while non-GAAP net income increased to RMB213.1 million from RMB86.2 million last year.The company continues to focus on overseas market development and regulatory compliance, with management highlighting evolving global regulations that increasingly recognize e-vapor products as harm-reduction tools. Strategic priorities include product innovation and partnerships to drive user engagement and market share growth internationally.As of June 30, 2024, RLX maintained a strong financial position with cash and investments totaling RMB14.93 billion ($2.05 billion). Operating cash flow was positive at RMB196.8 million for the quarter, demonstrating operational efficiency despite increased operating expenses primarily due to share-based compensation changes.