UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2024
Commission
File Number: 001-39902
RLX Technology Inc.
35/F, Pearl International Financial Center
No. 9 Jian’an First Road, Financial Street
Third District, Bao’an District
Shenzhen, Guangdong Province
518101
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
RLX Technology Inc. |
|
|
|
By |
: |
/s/ Chao Lu |
|
Name |
: |
Chao Lu |
|
Title |
: |
Chief Financial Officer |
Date: May 17, 2024
Exhibit 99.1
RLX Technology Announces Unaudited First Quarter 2024
Financial Results
SHENZHEN,
May 17, 2024 /PRNEWSWIRE/ - RLX Technology Inc. (“RLX Technology” or the “Company”) (NYSE: RLX), a leading global
branded e-vapor company, today announced its unaudited financial results for the first quarter ended March 31, 2024.
First Quarter 2024 Financial Highlights
| · | Net
revenues were RMB551.6 million (US$76.4 million) in the first quarter of 2024, compared
with RMB188.9 million in the same period of 2023. |
| · | Gross
margin was 25.9 % in the first quarter of 2024, compared with 24.2% in the same period
of 2023. |
| · | U.S.
GAAP net income was RMB132.6 million (US$18.4 million) in the first quarter of 2024,
compared with U.S. GAAP net loss of RMB56.3 million in the same period of 2023. |
| · | Non-GAAP
net income1 was RMB207.5 million (US$28.7
million) in the first quarter of 2024, compared with RMB183.6 million in the same period
of 2023. |
“We started 2024 with
a steady first quarter,” commented Ms. Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors, and Chief Executive
Officer of RLX Technology. “Our international business is developing positively as we refine our regional strategies. Despite challenges
posed by regulatory changes across various regions, we continue to identify opportunities and leverage our core strengths to prudently
enter potential markets. Domestically, we are encouraged by the positive impact of China’s recent regulatory crackdown on illegal products,
but much progress remains to be made. We remain committed to collaborating with regulators and advocating for a well-regulated and healthy
e-vapor industry. As a trusted e-vapor brand for adult smokers, we are dedicated to optimizing our product portfolio with premium, compliant,
and innovative products that meet our users’ needs and drive growth in this evolving industry.”
Mr. Chao Lu, Chief Financial
Officer of RLX Technology, commented, “In the first quarter, net revenues increased to RMB551.6 million, marking our fifth consecutive
quarter of sequential revenue growth. Our gross margin improved by 170 basis points year-over-year to 25.9%, thanks to our supply chain
efficiency enhancements. Furthermore, excluding the impact of share-based compensation, our non-GAAP operating profit remained positive,
bolstered by an increasing contribution from our international operations, compared to a RMB133.3 million loss recorded in the same quarter
last year. With our resilient business model, effective regional strategies, and consistent strong execution, we are confident of sustaining
this growth trajectory and delivering sustainable value to our stakeholders.”
First Quarter 2024 Financial Results
Net revenues were
RMB551.6 million (US$76.4 million) in the first quarter of 2024, compared with RMB188.9 million in the same period of 2023. The increase
was primarily due to our international expansion.
Gross profit was
RMB142.8 million (US$19.8 million) in the first quarter of 2024, compared with RMB45.7 million in the same period of 2023.
Gross margin was
25.9 % in the first quarter of 2024, compared with 24.2% in the same period of 2023. This improvement was primarily driven by our supply
chain efficiency enhancements, partially offset by an increase in inventory provision and an unfavorable shift in the revenue mix.
1 Non-GAAP net
income is a non-GAAP financial measure. For more information on the Company’s non-GAAP financial measures, please see the section “Non-GAAP
Financial Measures” and the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” set forth at the
end of this press release.
Operating
expenses were RMB194.4 million (US$26.9 million) in the first quarter of 2024, compared with RMB418.9 million in the same period
of 2023. The decrease was primarily due to a decrease in share-based compensation expenses, from RMB240.0 million in the first quarter
of 2023 to RMB74.9 million (US$10.4 million) in the same period of 2024, along with a decrease in salaries and welfare benefits. The
changes in share-based compensation expenses were primarily due to the changes in the fair value of the share incentive awards that the
Company granted to its employees with the fluctuations of the Company’s share price.
Selling
expenses were RMB52.9 million (US$7.3 million) in the first quarter of 2024, compared with RMB85.8 million in the same period of
2023, primarily due to a decrease in salaries, welfare benefits and share-based compensation expenses.
General
and administrative expenses were RMB110.0 million (US$15.2 million) in the first quarter of 2024, compared with RMB256.5 million
in the same period of 2023, mainly driven by a decrease in share-based compensation expenses, salaries, and welfare benefits.
Research
and development expenses were RMB31.5 million (US$4.4 million) in the first quarter of 2024, compared with RMB76.7 million in the
same period of 2023, mainly driven by a decrease in salaries, welfare benefits and share-based compensation expenses.
Loss
from operations was RMB51.6 million (US$7.1 million) in the first quarter of 2024, compared with RMB373.2 million in the same period
of 2023.
Income
tax expense was RMB16.3 million (US$2.3 million) in the first quarter of 2024, compared with income tax benefit of RMB17.6 million
in the same period of 2023.
U.S.
GAAP net income was RMB132.6 million (US$18.4 million) in the first quarter of 2024, compared with U.S. GAAP net loss of RMB56.3
million in the same period of 2023.
Non-GAAP
net income was RMB207.5 million (US$28.7 million) in the first quarter of 2024, compared with RMB183.6 million in the same period
of 2023.
U.S.
GAAP basic and diluted net income per American depositary share (“ADS”) were RMB0.106 (US$0.015) and RMB0.101 (US$0.014),
respectively, in the first quarter of 2024, compared with U.S. GAAP basic and diluted net loss per ADS of RMB0.043, in the same period
of 2023.
Non-GAAP
basic and diluted net income per ADS2 were RMB0.166 (US$0.023) and RMB0.159 (US$0.022),
respectively, in the first quarter of 2024, compared with non-GAAP basic and diluted net income per ADS of RMB0.139 and RMB0.136, respectively,
in the same period of 2023.
Balance Sheet and Cash
Flow
As of
March 31, 2024, the Company had cash and cash equivalents, restricted cash, short-term bank deposits, net, short-term investments, net,
long-term bank deposits, net and long-term investment securities, net of RMB14,681.4 million (US$2,033.3 million), compared with RMB15,138.4
million as of December 31, 2023. In the first quarter of 2024, net cash generated from operating activities was RMB4.0 million (US$0.6
million).
2 Non-GAAP basic
and diluted net income per ADS is a non-GAAP financial measure. For more information on the Company’s non-GAAP financial measures, please
see the section “Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP
Results” set forth at the end of this press release.
Conference Call
The Company’s
management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 17, 2024 (8:00 PM Beijing/Hong Kong Time on May
17, 2024).
Dial-in details for the earnings
conference call are as follows:
United States (toll-free): |
+1-888-317-6003 |
International: |
+1-412-317-6061 |
Hong Kong, China (toll-free): |
+800-963-976 |
Hong Kong, China: |
+852-5808-1995 |
Mainland China: |
400-120-6115 |
Participant Code: |
5404850 |
Participants
should dial in 10 minutes before the scheduled start time and ask to be connected to the call for “RLX Technology Inc.” with
the Participant Code as set forth above.
Additionally,
a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.relxtech.com.
A replay
of the conference call will be accessible approximately two hours after the conclusion of the call until May 24, 2024, by dialing the
following telephone numbers:
United States: |
+1-877-344-7529 |
International: |
+1-412-317-0088 |
Replay Access Code: |
5345683 |
About RLX Technology Inc.
RLX Technology
Inc. (NYSE: RLX) is a leading global branded e-vapor company. The Company leverages its strong in-house technology, product development
capabilities and in-depth insights into adult smokers’ needs to develop superior e-vapor products.
For more information, please
visit: http://ir.relxtech.com.
Non-GAAP Financial Measures
The Company
uses non-GAAP net income and non-GAAP basic and diluted net income per ADS, each a non-GAAP financial measure, in evaluating its operating
results and for financial and operational decision-making purposes. Non-GAAP net income represents net income excluding share-based compensation
expenses. Non-GAAP basic and diluted net income per ADS is computed using non-GAAP net income attributable to RLX Technology Inc. and
the same number of ADSs used in U.S. GAAP basic and diluted net income per ADS calculation.
The Company
presents these non-GAAP financial measures because they are used by the management to evaluate its operating performance and formulate
business plans. The Company believes that they help identify underlying trends in its business that could otherwise be distorted by the
effect of certain expenses that are included in net income. The Company also believes that the use of the non-GAAP measures facilitates
investors’ assessment of its operating performance, as they could provide useful information about its operating results, enhances the
overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used
by the management in its financial and operational decision making.
The non-GAAP
financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures
have limitations as analytical tools. They should not be considered in isolation or construed as an alternative to net income, basic
and diluted net income per ADS or any other measure of performance or as an indicator of its operating performance. Investors are encouraged
to review its historical non-GAAP financial measures to the most directly comparable U.S. GAAP measures. The non-GAAP financial measures
here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled
measures differently, limiting their usefulness as comparative measures to our data. The Company encourages investors and others to review
its financial information in its entirety and not rely on any single financial measure.
For more
information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliation of GAAP and non-GAAP Results”
set forth at the end of this press release.
Exchange Rate Information
This announcement
contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise
noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB7.2203 to US$1.00, the exchange
rate on March 29, 2024, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that
the RMB or U.S. dollar amounts referred could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at
all.
Safe Harbor Statement
This announcement
contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,”
“expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,”
“is/are likely to,” “potential,” “continue” and similar statements. Among other things, quotations from
management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company
may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its
annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs
and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors
could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the
following: the Company’s growth strategies; its future business development, results of operations and financial condition; trends and
competition in global e-vapor market; changes in its revenues and certain cost or expense items; governmental policies, laws and regulations
across various jurisdictions relating to the Company’s industry, and general economic and business conditions globally and in China and
assumptions underlying or related to any of the foregoing. Further information regarding these risks, uncertainties or factors is included
in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the
attachments is current as of the date of this press release, and the Company does not undertake any obligation to update such information,
except as required under applicable law.
For more information, please
contact:
In China:
RLX Technology Inc.
Head of Capital Markets
Sam Tsang
Email: ir@relxtech.com
Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
Email: RLX@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: RLX@tpg-ir.com
RLX TECHNOLOGY INC.
UNAUDITED CONDENSED CONSOLIDATED
BALANCE SHEETS
(All amounts in thousands)
| |
As of | |
| |
December 31, | | |
March 31, | | |
March 31, | |
| |
2023 | | |
2024 | | |
2024 | |
| |
| RMB | | |
| RMB | | |
| US$ | |
ASSETS | |
| | | |
| | | |
| | |
Current assets: | |
| | | |
| | | |
| | |
Cash and cash equivalents | |
| 2,390,298 | | |
| 2,322,277 | | |
| 321,632 | |
Restricted cash | |
| 29,760 | | |
| 52,484 | | |
| 7,269 | |
Short-term bank deposits, net | |
| 2,631,256 | | |
| 2,320,529 | | |
| 321,390 | |
Receivables from online payment platforms | |
| 6,893 | | |
| 7,284 | | |
| 1,009 | |
Short-term investments, net | |
| 3,093,133 | | |
| 2,691,275 | | |
| 372,737 | |
Accounts and notes receivable, net | |
| 60,482 | | |
| 113,665 | | |
| 15,742 | |
Inventories | |
| 144,850 | | |
| 99,768 | | |
| 13,818 | |
Amounts due from related parties | |
| 118,736 | | |
| 179,645 | | |
| 24,881 | |
Prepayments and other current assets,
net | |
| 508,435 | | |
| 620,771 | | |
| 85,976 | |
Total current assets | |
| 8,983,843 | | |
| 8,407,698 | | |
| 1,164,454 | |
Non-current assets: | |
| | | |
| | | |
| | |
Property, equipment and leasehold improvement, net | |
| 77,358 | | |
| 69,973 | | |
| 9,691 | |
Intangible assets, net | |
| 69,778 | | |
| 65,004 | | |
| 9,003 | |
Long-term investments, net | |
| 8,000 | | |
| 8,000 | | |
| 1,108 | |
Deferred tax assets, net | |
| 58,263 | | |
| 58,263 | | |
| 8,069 | |
Right-of-use assets, net | |
| 52,562 | | |
| 47,708 | | |
| 6,607 | |
Long-term bank deposits, net | |
| 1,757,804 | | |
| 1,624,802 | | |
| 225,032 | |
Long-term investment securities, net | |
| 5,236,109 | | |
| 5,669,997 | | |
| 785,286 | |
Goodwill | |
| 66,506 | | |
| 64,136 | | |
| 8,883 | |
Other non-current assets, net | |
| 4,874 | | |
| 11,746 | | |
| 1,627 | |
Total non-current assets | |
| 7,331,254 | | |
| 7,619,629 | | |
| 1,055,306 | |
Total assets | |
| 16,315,097 | | |
| 16,027,327 | | |
| 2,219,760 | |
| |
| | | |
| | | |
| | |
LIABILITIES AND SHAREHOLDERS’ EQUITY | |
| | | |
| | | |
| | |
Current liabilities: | |
| | | |
| | | |
| | |
Accounts and notes payable | |
| 266,426 | | |
| 213,849 | | |
| 29,618 | |
Contract liabilities | |
| 49,586 | | |
| 15,058 | | |
| 2,086 | |
Salary and welfare benefits payable | |
| 39,256 | | |
| 50,620 | | |
| 7,011 | |
Taxes payable | |
| 77,164 | | |
| 106,658 | | |
| 14,772 | |
Accrued expenses and other current liabilities | |
| 103,996 | | |
| 118,805 | | |
| 16,454 | |
Amounts due to related parties | |
| 101,927 | | |
| 63,141 | | |
| 8,745 | |
Dividend payable | |
| 881 | | |
| - | | |
| - | |
Lease liabilities - current portion | |
| 29,435 | | |
| 31,093 | | |
| 4,306 | |
Total current liabilities | |
| 668,671 | | |
| 599,224 | | |
| 82,992 | |
| |
| | | |
| | | |
| | |
Non-current liabilities: | |
| | | |
| | | |
| | |
Deferred tax liabilities | |
| 23,591 | | |
| 22,584 | | |
| 3,128 | |
Lease liabilities - non-current portion | |
| 24,419 | | |
| 17,968 | | |
| 2,489 | |
Total non-current liabilities | |
| 48,010 | | |
| 40,552 | | |
| 5,617 | |
Total liabilities | |
| 716,681 | | |
| 639,776 | | |
| 88,609 | |
| |
| | | |
| | | |
| | |
Shareholders’ Equity: | |
| | | |
| | | |
| | |
Total RLX Technology Inc. shareholders’ equity | |
| 15,609,393 | | |
| 15,397,603 | | |
| 2,132,543 | |
Noncontrolling interests | |
| (10,977 | ) | |
| (10,052 | ) | |
| (1,392 | ) |
Total shareholders’ equity | |
| 15,598,416 | | |
| 15,387,551 | | |
| 2,131,151 | |
Total liabilities and shareholders’
equity | |
| 16,315,097 | | |
| 16,027,327 | | |
| 2,219,760 | |
RLX TECHNOLOGY INC.
UNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF
COMPREHENSIVE (LOSS)/INCOME
(All amounts in thousands,
except for number of shares and per share data, or otherwise noted)
| |
For the three months ended | |
| |
March 31, | | |
| | |
| | |
| |
| |
2023
(As
adjusted) (a) | | |
December 31,
2023 | | |
March 31,
2024 | | |
March 31,
2024 | |
| |
| RMB | | |
| RMB | | |
| RMB | | |
| US$ | |
Net revenues | |
| 188,877 | | |
| 520,468 | | |
| 551,623 | | |
| 76,399 | |
Cost of revenues | |
| (78,693 | ) | |
| (327,325 | ) | |
| (327,610 | ) | |
| (45,373 | ) |
Excise tax on products | |
| (64,458 | ) | |
| (69,730 | ) | |
| (81,240 | ) | |
| (11,252 | ) |
Gross profit | |
| 45,726 | | |
| 123,413 | | |
| 142,773 | | |
| 19,774 | |
| |
| | | |
| | | |
| | | |
| | |
Operating expenses: | |
| | | |
| | | |
| | | |
| | |
Selling expenses | |
| (85,761 | ) | |
| (37,985 | ) | |
| (52,887 | ) | |
| (7,325 | ) |
General and administrative expenses | |
| (256,504 | ) | |
| (204,030 | ) | |
| (109,954 | ) | |
| (15,228 | ) |
Research and development expenses | |
| (76,682 | ) | |
| (21,904 | ) | |
| (31,540 | ) | |
| (4,368 | ) |
Total operating expenses | |
| (418,947 | ) | |
| (263,919 | ) | |
| (194,381 | ) | |
| (26,921 | ) |
Loss from operations | |
| (373,221 | ) | |
| (140,506 | ) | |
| (51,608 | ) | |
| (7,147 | ) |
| |
| | | |
| | | |
| | | |
| | |
Other income: | |
| | | |
| | | |
| | | |
| | |
Interest income, net | |
| 148,803 | | |
| 157,928 | | |
| 158,858 | | |
| 22,002 | |
Investment income | |
| 21,385 | | |
| 182,699 | | |
| 12,776 | | |
| 1,769 | |
Others, net | |
| 129,157 | | |
| 30,925 | | |
| 28,943 | | |
| 4,009 | |
(Loss)/income before income tax | |
| (73,876 | ) | |
| 231,046 | | |
| 148,969 | | |
| 20,633 | |
Income tax benefit/(expense) | |
| 17,571 | | |
| (15,078 | ) | |
| (16,344 | ) | |
| (2,264 | ) |
Net (loss)/income | |
| (56,305 | ) | |
| 215,968 | | |
| 132,625 | | |
| 18,369 | |
Less: net income attributable to noncontrolling interests | |
| 661 | | |
| 2,491 | | |
| 717 | | |
| 99 | |
Net (loss)/income attributable
to RLX Technology Inc. | |
| (56,966 | ) | |
| 213,477 | | |
| 131,908 | | |
| 18,270 | |
| |
| | | |
| | | |
| | | |
| | |
Other comprehensive (loss)/income: | |
| | | |
| | | |
| | | |
| | |
Foreign currency translation adjustments | |
| (148,096 | ) | |
| (132,470 | ) | |
| 12,706 | | |
| 1,760 | |
Unrealized income/(loss) on long-term investment securities | |
| 2,873 | | |
| (11,288 | ) | |
| (13 | ) | |
| (2 | ) |
Total other comprehensive (loss)/income | |
| (145,223 | ) | |
| (143,758 | ) | |
| 12,693 | | |
| 1,758 | |
Total comprehensive (loss)/income | |
| (201,528 | ) | |
| 72,210 | | |
| 145,318 | | |
| 20,127 | |
Less: total
comprehensive income attributable to noncontrolling interests | |
| 661 | | |
| 2,491 | | |
| 730 | | |
| 101 | |
Total
comprehensive (loss)/income attributable to RLX Technology Inc. | |
| (202,189 | ) | |
| 69,719 | | |
| 144,588 | | |
| 20,026 | |
| |
| | | |
| | | |
| | | |
| | |
Net (loss)/income per ordinary share/ADS | |
| | | |
| | | |
| | | |
| | |
- Basic | |
| (0.043 | ) | |
| 0.166 | | |
| 0.106 | | |
| 0.015 | |
- Diluted | |
| (0.043 | ) | |
| 0.161 | | |
| 0.101 | | |
| 0.014 | |
| |
| | | |
| | | |
| | | |
| | |
Weighted average number of ordinary shares/ADSs | |
| | | |
| | | |
| | | |
| | |
- Basic | |
| 1,316,798,713 | | |
| 1,285,752,182 | | |
| 1,249,317,641 | | |
| 1,249,317,641 | |
- Diluted | |
| 1,316,798,713 | | |
| 1,324,466,240 | | |
| 1,301,431,007 | | |
| 1,301,431,007 | |
Note (a): The Company
acquired various companies on December 13, 2023, which was accounted for as an under common control transaction in accordance with ASC
805-50. The Company retrospectively adjusted the above comparative unaudited condensed consolidated statements of comprehensive (loss)/income
in prior quarter.
RLX
TECHNOLOGY INC.
UNAUDITED
RECONCILIATION OF GAAP AND NON-GAAP RESULTS
(All amounts in thousands,
except for number of shares and per share data)
| |
For the three months ended | |
| |
March 31, | | |
| | |
| | |
| |
| |
2023
(As
adjusted) (b) | | |
December 31,
2023 | | |
March 31,
2024 | | |
March 31,
2024 | |
| |
RMB | | |
RMB | | |
RMB | | |
US$ | |
Net (loss)/income | |
| (56,305 | ) | |
| 215,968 | | |
| 132,625 | | |
| 18,369 | |
Add: share-based compensation expenses | |
| | | |
| | | |
| | | |
| | |
Selling expenses | |
| 23,955 | | |
| 12,128 | | |
| 4,603 | | |
| 638 | |
General and administrative expenses | |
| 201,343 | | |
| 194,153 | | |
| 66,414 | | |
| 9,198 | |
Research and development
expenses | |
| 14,654 | | |
| 10,335 | | |
| 3,881 | | |
| 538 | |
Non-GAAP net income | |
| 183,647 | | |
| 432,584 | | |
| 207,523 | | |
| 28,743 | |
Net (loss)/income attributable to RLX Technology Inc. | |
| (56,966 | ) | |
| 213,477 | | |
| 131,908 | | |
| 18,270 | |
Add: share-based compensation expenses | |
| 239,952 | | |
| 216,616 | | |
| 74,898 | | |
| 10,374 | |
Non-GAAP net income attributable
to RLX Technology Inc. | |
| 182,986 | | |
| 430,093 | | |
| 206,806 | | |
| 28,644 | |
Non-GAAP net income per ordinary share/ADS | |
| | | |
| | | |
| | | |
| | |
- Basic | |
| 0.139 | | |
| 0.335 | | |
| 0.166 | | |
| 0.023 | |
- Diluted | |
| 0.136 | | |
| 0.325 | | |
| 0.159 | | |
| 0.022 | |
Weighted average number of ordinary shares/ADSs | |
| | | |
| | | |
| | | |
| | |
- Basic | |
| 1,316,798,713 | | |
| 1,285,752,182 | | |
| 1,249,317,641 | | |
| 1,249,317,641 | |
- Diluted | |
| 1,345,828,279 | | |
| 1,324,466,240 | | |
| 1,301,431,007 | | |
| 1,301,431,007 | |
Note
(b): The Company acquired various companies on December 13, 2023, which was accounted for as an under common control transaction in accordance
with ASC 805-50. The Company retrospectively adjusted the above unaudited reconciliation of GAAP and Non-GAAP results in prior quarter.
RLX TECHNOLOGY INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
CASH FLOWS
(All amounts in thousands)
| |
For the three months ended | |
| |
March 31, | | |
| | |
| | |
| |
| |
2023
(As
adjusted) (c) | | |
December 31,
2023 | | |
March 31,
2024 | | |
March 31,
2024 | |
| |
RMB | | |
RMB | | |
RMB | | |
US$ | |
Net cash (used in)/generated from operating activities | |
| (230,686 | ) | |
| 305,197 | | |
| 4,020 | | |
| 557 | |
Net cash generated from investing activities | |
| 381,954 | | |
| 310,274 | | |
| 420,665 | | |
| 58,261 | |
Net cash generated from/(used in) financing activities | |
| 4,346 | | |
| (791,905 | ) | |
| (472,885 | ) | |
| (65,495 | ) |
Effect
of foreign exchange rate changes on cash, cash equivalents and restricted cash | |
| 10,409 | | |
| (18,544 | ) | |
| 2,903 | | |
| 404 | |
Net increase/(decrease) in cash and cash equivalents
and restricted cash | |
| 166,023 | | |
| (194,978 | ) | |
| (45,297 | ) | |
| (6,273 | ) |
Cash, cash equivalents and restricted cash at the beginning
of the period | |
| 1,289,086 | | |
| 2,615,036 | | |
| 2,420,058 | | |
| 335,174 | |
Cash, cash equivalents and restricted cash at the end
of the period | |
| 1,455,109 | | |
| 2,420,058 | | |
| 2,374,761 | | |
| 328,901 | |
Note
(c): The Company acquired various companies on December 13, 2023, which was accounted for as an under common control transaction in accordance
with ASC 805-50. The Company retrospectively adjusted the above comparative unaudited condensed consolidated statements of cash flows
in prior quarter.
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