China's RLX Technology Q2 revenue rises 14.8% on international growth
RLX•Key quarterly figures and outlook
| Metric | Actual |
|---|---|
| Q2 Revenue | RMB 1.01 bln |
| Q2 Adjusted Net Income | RMB 238.80 mln |
| Q2 Net Income | RMB 222 mln |
| Q2 Gross Margin | 35.40% |
| Q2 Gross Profit | RMB 357.80 mln |
| Q2 Operating Expenses | RMB 227.50 mln |
The company did not provide a specific financial outlook.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell". Wall Street's median 12-month price target for RLX Technology Inc is $2.98, about 48.8% above its August 13 closing price of $2.00.
The stock recently traded at 13 times the next 12-month earnings versus a P/E of 15 three months ago.
Expenses increase after acquisition
Higher operating expenses were mainly due to increased salary and welfare expenses related to the May 2025 acquisition, partly offset by lower share-based compensation.
Revenue rises on international expansion
China e-vapor firm RLX Technology said second-quarter revenue rose 14.8% year over year, driven by international expansion and contributions from its May 2025 acquisition.
The company also said it acquired 51% of a leading Western European distributor in July 2026 to boost its regional reach.
