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RLX US​

RLX Technology Inc. American Depositary Receipt(RLX US)

$1.61-0.031.83%Ext:$1.53-0.084.72%(Market Closed · 00:00:03 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

RLX Technology Inc. American Depositary Receipt — Company Profile

RLX Technology Inc., along with its affiliated entities, operates within the People's Republic of China, focusing on the entire lifecycle of electronic vapor products, from conceptualization and development to manufacturing, distribution, and direct sales. The company's offerings are made available to customers via a network of distributors who supply both dedicated RELX-branded partner stores and other independent retail outlets. This firm was established in 2018 and has its principal operations located in Beijing, China.

Sector
Consumer Staples
Industry
Tobacco
Exchange
UN
CEO
Wang Ying
Headquarters
Shenzhen, F4, CN
IPO Date
Jan 22, 2021
Employees
897
Website
www.relxtech.com

Key Metrics

Price
$1.71
Market Cap
$2.09B
Revenue (TTM)
$1.46B
Net Income (TTM)
$282.42M
EPS (TTM)
0.23
P/E (TTM)
2.14
P/B (TTM)
0.13
Dividend Yield
4.24%
ROE (TTM)
5.73%
ROA (TTM)
5.00%
Operating Margin
9.08%
Beta
0.28

Dividends

Last Dividend
$0.10
Last Yield
0.04%

Summary

RLX Technology Inc., along with its affiliated entities, operates within the People's Republic of China, focusing on the entire lifecycle of electronic vapor products, from conceptualization and development to manufacturing, distribution, and direct sales. The company's offerings are made available to customers via a network of distributors who supply both dedicated RELX-branded partner stores and other independent retail outlets. This firm was established in 2018 and has its principal operations located in Beijing, China.

Website
www.relxtech.com
Location
Shenzhen, F4, CN
Phone86 10 2173 7265
Employees897
CEOWang Ying
Sector
Consumer Staples
Industry
Tobacco
IPO DateJan 22, 2021

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Latest Documents

SEC Filings(80)

Expand
  • 6-KCurrent report (foreign private issuer)14 Aug
  • 4Lu Chao4 Aug
  • 6-KCurrent report (foreign private issuer)20 May
  • 20-FFY 2025ended 31 Dec 202523 Apr
  • 3Wang Ying Kate18 Mar
  • 3Jiang Long18 Mar
  • 3Xi Youmin18 Mar
  • 3Wen Yilong18 Mar
  • 3Lu Chao18 Mar
  • 3Zhu Zhenjing18 Mar
  • SC 13G/ARLX Technology Inc.18 Mar
  • 6-KCurrent report (foreign private issuer)13 Mar
  • 6-KCurrent report (foreign private issuer)31 Dec 2025
  • 6-KCurrent report (foreign private issuer)14 Nov 2025
  • 6-KCurrent report (foreign private issuer)22 Aug 2025
  • 6-KCurrent report (foreign private issuer)16 May 2025
  • 20-FFY 2024ended 31 Dec 202417 Apr 2025
  • 144Zhu Zhenjing26 Mar 2025
  • 6-KCurrent report (foreign private issuer)14 Mar 2025
  • 6-KCurrent report (foreign private issuer)15 Nov 2024

News

  • RLX Technology (NYSE:RLX) Sets New 12-Month Low – Here’s Why23 Sep
  • RLX Technologies: Recent Share Price Weakness Provides Good Entry Point20 Sep
  • RLX Technology (NYSE:RLX) Sets New 12-Month Low – Time to Sell?15 Sep
  • Contrasting Gilla (OTCMKTS:GLLA) and RLX Technology (NYSE:RLX)31 Aug
  • RLX Technology Inc. (RLX) Q2 2026 Earnings Call Transcript14 Aug
  • RLX Technology Q2 Earnings Call Highlights14 Aug
  • RLX Technology Announces Unaudited Second Quarter 2026 Financial Results14 Aug
  • RLX Technology Announces Unaudited Second Quarter 2026 Financial Results14 Aug
  • RLX Technology to Report Second Quarter 2026 Financial Results on August 14, 20265 Aug
  • RLX Q2 2026 Preview: International Rollup And European Integration Take Center Stage29 Jul

Mentions in Filings

  • … mer Staples (4.21%)** | | | | | | MO | Altria Group, Inc. | 0.68 | 15 | 68.07 | 1,021 | | ABEV | Ambev SA (5) | 0.55 | 284 | 2.93 | 832 | | BTI | British American Tobacco PLC (5) | 0.56 | 15 | 56.47 | 847 | | JBS | JBS NV (4) | 0.55 | 59 | 14.05 | 829 | | KMB | Kimberly-Clark Corporation | 0.66 | 9 | 111.02 | 999 | | PEP | PepsiCo, Inc. | 0.66 | 7 | 142.27 | 996 | | RLX | <strong>RLX Technology</strong>, Inc. (5) | 0.55 | 466 | 1.79 | 834 | Investment Summary 13 …
    GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2621RLX Technology Inc. American Depositary Receipt·497 - GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2621·Q3 26·27 Aug
  • … mer Staples (4.21%)** | | | | | | MO | Altria Group, Inc. | 0.68 | 15 | 68.07 | 1,021 | | ABEV | Ambev SA (5) | 0.55 | 284 | 2.93 | 832 | | BTI | British American Tobacco PLC (5) | 0.56 | 15 | 56.47 | 847 | | JBS | JBS NV (4) | 0.55 | 59 | 14.05 | 829 | | KMB | Kimberly-Clark Corporation | 0.66 | 9 | 111.02 | 999 | | PEP | PepsiCo, Inc. | 0.66 | 7 | 142.27 | 996 | | RLX | <strong>RLX Technology</strong>, Inc. (5) | 0.55 | 466 | 1.79 | 834 | Investment Summary 13 …
    GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2621RLX Technology Inc. American Depositary Receipt·S-6/A - GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2621·Q3 26·26 Aug
  • … | **Cost To** | | **Ticker** | **Company Name (1)** | **Offer Price** | **Shares** | **Price** | **Portfolio (2)** | | | **COMMON STOCKS (continued)** | | | | | | | **Producer Manufacturing (3.33%)** | | | | | | RLX | <strong>RLX Technology</strong>, Inc. (5) | 3.33% | 4,545 | $ 1.9800 | $ 8,999 | | | **Retail Trade (3.34%)** | | | | | | TRU SJ | Truworths International, Limited. (6) | 3.34 | 2,620 | 3.4331 | 8,995 | | | **Transportation (3.35%)** | | | | | | PAC …
    GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2602RLX Technology Inc. American Depositary Receipt·487 - GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2602·Q3 26·15 Jul
  • … T TR | EQUITY | — | — | 26,900 | 366,974 | | RISO KAGAKU CORP | EQUITY | — | — | 11,000 | 87,640 | | RIVERSTONE HOLDINGS LTD | EQUITY | — | — | 87,700 | 59,230 | | RIYAD BANK | EQUITY | — | — | 271,950 | 1,967,773 | | <strong>RLX TECHNOLOGY</strong> INC ADR | EQUITY | — | — | 104,200 | 242,786 | | ROCHE HOLDING AG BR | EQUITY | — | — | 3,709 | 1,565,775 | | ROCHE HOLDING AG GENUSSCHEIN | EQUITY | — | — | 109,343 | 45,179,414 | | ROCKWOOL A/S B SHS | EQUITY | — | …
    INTERNATIONAL BUSINESS MACHINES CORPRLX Technology Inc. American Depositary Receipt·11-K - Annual report (employee stock purchase/savings/profit sharing plans)·FY25·26 Jun
  • … AKYAT ADR TO PUR SHS B | | | \*\* | 68,738 | | ADR QFIN HOLDINGS INC | | | \*\* | 10,406 | | ADR RECKITT BENCKISER GROUP PLC SPONSORED ADR | | | \*\* | 8,079,133 | | ADR RELX PLC SPONSORED ADR | | | \*\* | 889 | | ADR <strong>RLX TECHNOLOGY</strong> INC SPONSORED ADS | | | \*\* | 73,884 | | ADR RYANAIR HLDGS PLC SPONSORED ADR NEW | | | \*\* | 15,777,558 | | ADR SASOL LTD SPONSORED ADR | | | \*\* | 1,204 | | ADR SEA LTD ADR | | | \*\* | 727,277 | | ADR SHINHAN FIN …
    BOEING CORLX Technology Inc. American Depositary Receipt·11-K - Annual report (employee stock purchase/savings/profit sharing plans)·FY25·16 Jun
  • … | 69.70 | 976 | | ABEV | Ambev SA (5) | 0.56 | 260 | 3.20 | 832 | | BTI | British American Tobacco PLC (5) | 0.55 | 13 | 63.03 | 819 | | KOF | Coca-Cola Femsa SAB de CV (5) | 0.52 | 7 | 111.15 | 778 | | GIS | General Mills, Inc. | 0.65 | 22 | 44.54 | 980 | | PEP | PepsiCo, Inc. | 0.68 | 6 | 169.17 | 1,015 | | RLX | <strong>RLX Technology</strong>, Inc. (5) | 0.56 | 347 | 2.40 | 833 | | TGT | Target Corporation | 0.70 | 9 | 116.44 | 1,048 | Investment Summary 13
    GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2563RLX Technology Inc. American Depositary Receipt·497 - GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2563·Q1 26·27 Feb

Key Stats

Trading

Px/Chg 1D$1.71 / +1.18%
Avg Volume2.50M
Beta0.28
Mkt Cap2.09B
FD Mkt Cap2.24B

Float

Shrs Out/Float1.22B / 843.44M
Short Float0.01%
Days to Cover1.83
Stock Repurchased$183.93M

Current Valuation

EV-2011915549.73
EV/EBITDA-1.94
EV/Sales-0.46
P/B0.13
P/S0.48
FCF Yield9.16%
ROE5.73%
ROA5.00%
Current Ratio5.70

Dividend

Cash$0.10
Yield4.24%
Yield (TTM)4.24%

Estimates

P/E2.14
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings5.732.155.394.359.387.40
Price / Sales1.550.582.310.982.431.43
Price / Book Value0.170.200.180.150.170.13
Price / Free Cash Flow10.306.9217.312.8513.5010.91
ENTERPRISE VALUE METRICS
Enterprise Value-1,073.61,890.1572.9-3,130.6-2,688.4-2,011.9
Enterprise Value / Sales-0.870.350.46-1.28-2.52-1.38
Enterprise Value / EBITDA7.831.65-1.4351.63-6.89-5.79
Enterprise Value / EBIT2.971.78-1.1529.22-9.01-5.96

Financials

Full Financials
Millions CNY5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-19.8%8,521.05,332.81,244.02,444.53,518.7
Gross Income-25.2%3,672.12,305.1387.7726.51,151.4
EBITDA-16.9%2,344.31,144.8-400.1-60.61,116.2
EBIT-18.3%2,298.71,063.4-496.7-107.11,024.7
Net Income-18.4%2,024.71,441.2534.3551.8896.8
EPS (Diluted)-16.5%1.441.090.400.430.70
BALANCE SHEET
Cash & ST Inv-5.6%12,852.710,788.38,114.78,493.110,188.6
Total Assets2.3%16,365.116,378.816,315.116,871.017,941.0
Total Liabilities-6.2%2,846.4838.5716.7881.12,199.3
Total Shareholder Equity3.7%13,515.015,569.115,609.415,988.215,643.7
CASH FLOW
Net Operating Cash Flow-11.5%1,799.9486.8198.7854.31,104.5
Cap Ex-3.8%-138.8-38.6-32.4-12.3-118.7
Free Cash Flow-12.2%1,661.1448.2166.3842.1985.8

Enterprise Value Bridge

Millions CNY23 Oct '26
Price (As of 23 Oct '26)1.63
Basic Shares1,222.25
Market Cap1,986.2
Diluted Shares1,313.48
Fully Diluted Shares Outstanding1,313.48
Fully Diluted Market Cap2,134.4
+Consolidated Debt210.8
−In-the-Money Convertible Debt—
+Capital Leases50.3
+Operating Leases—
−Cash & Equivalents-4,421.9
−Short-term Investments-5,217.2
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest109.2
+Pension Liabilities—
Enterprise Value-2,115.8

Segment data

Revenue

by Geography

  • Hong Kong53%
  • Prc47%

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