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RLX Technology | 6-K: RLX Technology Announces Unaudited Second Quarter 2024 Financial Results

SEC ·  Aug 16, 2024 03:24

Summary by Moomoo AI

RLX Technology's Q2 2024 net revenues surged 66% YoY to RMB627.2 million, driven by international expansion. Gross margin slightly decreased to 25.2% due to revenue mix changes.Non-GAAP net income more than doubled to RMB213.1 million, benefiting from disciplined cost management. U.S. GAAP net income declined to RMB134.9 million, impacted by increased share-based compensation expenses.The company remains focused on product innovation and regulatory compliance in global markets. Management expressed confidence in driving continued top and bottom-line improvements, fueled by international growth and operational efficiency.
RLX Technology's Q2 2024 net revenues surged 66% YoY to RMB627.2 million, driven by international expansion. Gross margin slightly decreased to 25.2% due to revenue mix changes.Non-GAAP net income more than doubled to RMB213.1 million, benefiting from disciplined cost management. U.S. GAAP net income declined to RMB134.9 million, impacted by increased share-based compensation expenses.The company remains focused on product innovation and regulatory compliance in global markets. Management expressed confidence in driving continued top and bottom-line improvements, fueled by international growth and operational efficiency.
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