RLX Technology Posts Strong Q1 Growth Amid Regulatory Challenges

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2025-05-17 19:32:02

RLX Technology Inc. (NYSE: RLX) delivered a robust first-quarter performance, with net revenue surging 47% year-over-year to RMB808 million. The e-vapor company’s gross margin expanded 270 basis points to 28.6%, demonstrating improved product mix and cost discipline.

Operating profitability continued for the sixth consecutive quarter, with non-GAAP profits reaching RMB106 million. RLX’s cash position strengthened to RMB16.2 billion, supported by consistent operating cash flows.

While regulatory pressures persist across global markets, RLX’s ability to maintain growth highlights its operational resilience. Shares closed at $1.99 on May 16, reflecting a 2.05% gain following the earnings release.

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