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雾芯科技(RLX.US)Q2营收飙升66%,非GAAP净利润大增

Technology company Foggy Core's (RLX.US) Q2 revenue soared by 66%, with a significant increase in non-GAAP net income.

Zhitong Finance ·  Aug 16 08:23

Wiscore Technology has released its financial report for the second quarter of 2024.

According to the Futu Securities News app, Wiscore Technology (RLX.US) released its financial report for the second quarter of 2024. The report shows that the company's net revenue in the quarter reached 0.6272 billion yuan, an increase of 66% compared to the same period in 2023; GAAP net profit was 0.1349 billion yuan, a decrease from 0.2047 billion yuan in the same period last year. However, net profit not calculated according to US GAAP was 0.2131 billion yuan, a significant improvement from 86.2 million yuan in the same period last year. The basic and diluted net profit per American Depositary Share (ADS) for the company's second quarter were 0.108 yuan and 0.103 yuan, respectively, compared to 0.154 yuan and 0.150 yuan in the same period in 2023. The basic and diluted net profit per non-GAAP ADS were 0.171 yuan and 0.164 yuan, respectively, a significant increase from 0.064 yuan and 0.062 yuan in the same period last year. In terms of gross margin, the second quarter of 2024 was 25.2%, slightly lower than 26.1% in the same period in 2023.

Ms. Wang Ying, co-founder, board of directors chairman and CEO of Wiscore Technology, said: "Our performance in the second quarter was strong, and revenue continued to grow QoQ, thanks to our expansion of international business. Our in-depth exploration of overseas markets and regulations has provided us with valuable insights into the global electronic cigarette market, enabling us to develop effective and targeted regional strategies."

"In the second quarter, our net revenue increased by 66% YoY, highlighting our ability to seize opportunities for international market growth," said Mr. Chao Lu, CFO. "Although gross margin slightly decreased, we increased non-GAAP operating margin through rigorous cost management. Looking ahead, we are confident in continuing to drive revenue and profit improvement, thanks to the continued growth of the international market and our relentless pursuit of operational efficiency."

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