RLX Technology Q2 FY26 U.S. GAAP net income rises 1.6% to RMB 222 million; net revenues increase 14.8% to RMB 1.01 billion
RLX•Second-quarter results
RLX Technology posted Q2 net revenues of RMB 1.01 billion, up 14.8% from a year earlier.
U.S. GAAP net income edged up 1.6% to RMB 222 million; U.S. GAAP operating income more than doubled to RMB 130.4 million.
Gross margin widened 7.9 percentage points to 35.4%, with gross profit rising 47.8% to RMB 357.8 million.
Non-GAAP operating income climbed 28.8% to RMB 149.6 million, while non-GAAP net income fell to RMB 238.8 million.
Western Europe distributor acquisition
RLX bought 51% of a Western Europe distributor in July; results consolidate from Q3, adding offline distribution and a B2B marketplace.
