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Home CompaniesRLX Technology Inc

RLX Technology Inc

Consumer Defensive Tobacco
PortfolioPortfolio WatchlistWatchlist
Company price
1.57 USD 0.03 ( 1.95%)
Last update at 2026-11-12T15:47:00Z
VOLUME
318030
Market Cap
2114.50M
P/E
15.73

Momentum Score

…

RLX Technology Inc., through its subsidiaries, develops, manufactures, and sells e-vapor products in the People's Republic of China and internationally. It offers rechargeable e-vapor products under the Qingyu, Phantom, Phantom Pro, Zeus, Leili, and Daqian names; and disposable e-vapor products under the Feiliu and Feiliu Mega names. The company also provides closed-system rechargeable products, open-system products, closed-system disposable products, and modern oral products. It sells its products through local channels, third-party distribution channels, and distribution channels co-managed with third parties, as well as online and offline end users. The company was founded in 2018 and is headquartered in Shenzhen, the People's Republic of China.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
1.53
Low
1.58
High
52 Week Price Range
1.72
Low
2.57
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

RLX Technology operates a consumer e‑cigarette business in China, selling pod-style devices and consumables through online platforms and an expanding offline retail network. Long-term growth may be supported by adult smokers switching to nicotine alternatives, expansion of distribution and products, and potential international entry, while scale and brand recognition could support its competitive position.
Material risks include regulatory and policy uncertainty in China, heavy domestic competition and revenue concentration in the Chinese market, plus reputational and product-safety or litigation exposure.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.54
Dividend Yield
5.71%
Revenue TTM
4501.26M
Revenue Per Share
3.67
Gross Profit TTM
1572.67M
Debt / Equity
0.01
ROE
6.34%
Net Debt
-5372.07M
ROCE
6.41%
Diluted EPS TTM
0.11

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 1024.67M 658.80M 591.74M 1780.31M 2659.55M
Minority interest -12.51M -12.51M -7.65M 32.49M -3.41M
Net income 896.75M 551.84M 534.33M 1441.22M 2024.71M
Selling general administrative 724.04M 515.89M 498.01M 576.81M 672.75M
Selling and marketing expenses - 229.47M 213.72M 347.80M 520.69M
Gross profit 1151.36M 726.52M 387.71M 2305.13M 3672.06M
Reconciled depreciation 91.52M 75.80M 96.60M 164.46M 113.55M
Ebit 1024.67M 658.80M 591.74M 1063.41M 2298.70M
Ebitda 1116.19M 705.32M 688.34M 926.88M 2204.48M
Depreciation and amortization 91.52M 46.51M 96.60M -136.53M -94.22M
Operating income 319.61M -107.14M -496.71M 1063.41M 2298.70M
Other operating expenses 3199.11M 2551.67M 1740.75M 4269.37M 6222.27M
Interest expense - - - 180.73M 565.20M
Tax provision 118.99M 94.46M 18.22M 371.58M 631.43M
Interest income 612.04M 616.39M 627.88M 317.26M 166.64M
Net interest income 560.42M 616.39M 524.57M 180.73M 72.41M
Income tax expense 115.75M 94.46M 50.76M 371.58M 631.43M
Total revenue 3518.71M 2444.52M 1244.04M 5332.78M 8520.98M
Total operating expenses 831.75M 833.66M 884.42M 1241.72M 1373.36M
Cost of revenue 2367.35M 1718.01M 856.33M 3027.65M 4848.92M
Total other income expense net 705.06M 765.95M 1088.45M 716.90M 360.85M
Net income from continuing ops 934.38M 564.34M 95.98M 1408.73M 2028.12M
Net income applicable to common shares 921.87M 551.84M 534.33M 1441.22M 2024.71M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 17940.98M 16871.05M 16315.10M 16378.82M 16365.12M
Intangible assets 213.28M 52.80M 69.78M 4.72M 8.37M
Other current assets 319.68M 99.06M 61.56M 198.93M 482.66M
Total liab 2199.35M 881.10M 716.68M 838.45M 2846.37M
Total stockholder equity 15643.70M 15988.22M 15609.39M 15569.06M 13514.95M
Other current liab 1357.54M 374.15M 361.97M 399.30M 1081.55M
Common stock - 0.10M 0.10M 0.10M 0.10M
Capital stock 0.10M 0.10M 0.10M 0.10M 0.10M
Retained earnings 4119.80M 4246.99M 3765.68M 3324.62M 1908.89M
Other liab - - - 8.65M 4.51M
Good will 567.54M 59.58M 66.51M 2.83M -
Other assets 0.00M 47.98M 63.14M 3486.81M 69.82M
Cash 5548.54M 5593.49M 2390.30M 1268.51M 5208.97M
Cash and equivalents - 337.86M 155.82M 1268.51M 1687.34M
Total current liabilities 1966.33M 857.85M 668.67M 789.83M 2737.63M
Current deferred revenue 84.06M 10.61M 49.59M 75.23M 286.65M
Net debt -5372.07M -5534.99M -2295.34M -1182.59M -5024.15M
Short term debt 120.76M 51.45M 70.54M 45.95M 80.58M
Short long term debt 107.59M 40.00M - - -
Short long term debt total 176.47M 58.50M 94.96M 85.92M 184.81M
Other stockholder equity 15643.70M 10618.18M 10862.31M 11434.39M 11753.51M
Property plant equipment - 74.90M 129.92M 162.88M 319.41M
Total current assets 11211.16M 9300.98M 8983.84M 11198.16M 13950.94M
Long term investments 5558.28M 7334.81M 7001.91M 4932.89M 2016.59M
Net tangible assets - - - 15561.51M 13506.59M
Short term investments 4640.05M 2899.64M 5724.39M 9519.74M 7643.76M
Net receivables 405.02M 566.24M 662.75M 59.49M 25.97M
Inventory 297.87M 142.55M 144.85M 130.90M 589.09M
Accounts payable 403.97M 295.49M 109.41M 269.35M 1288.85M
Accumulated other comprehensive income - 1122.93M 981.30M 809.95M -147.55M
Non currrent assets other 29.43M 2.86M 4.87M 13.46M 48.96M
Non current assets total 6729.82M 7570.07M 7331.25M 5180.67M 2414.19M
Capital lease obligations 84.26M 18.50M 53.85M 85.92M 184.81M
Long term debt total - 0.00M 0.00M 0.00M 0.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -104.95M 3018.00M 2533.52M -4133.04M -7870.66M
Change to liabilities - - - -211.43M -204.72M
Total cashflows from investing activities -822.19M 3018.00M 2091.14M -4133.04M -7870.66M
Net borrowings -6.92M 40.00M 0.00M -1.40M -11.17M
Total cash from financing activities -282.75M -678.03M -1193.22M -477.27M 9904.12M
Change to operating activities - - - - -305.33M
Net income 934.38M 564.34M 540.99M 1408.73M 2028.12M
Change in cash -99.35M 3224.30M 1130.97M -3920.38M 3754.67M
Begin period cash flow 5644.36M 2420.06M 1289.09M 5209.47M 1454.80M
End period cash flow 5545.01M 5644.36M 2420.06M 1289.09M 5209.47M
Total cash from operating activities 1104.55M 854.35M 198.70M 486.83M 1799.89M
Issuance of capital stock - - 0.00M 0.00M 10042.42M
Depreciation 91.52M 75.80M 96.60M 159.09M 113.55M
Other cashflows from investing activities -0.42M -0.61M 2091.14M -4133.04M -7870.66M
Dividends paid 91.47M 88.84M 92.38M 0.64M 325.45M
Change to inventory -55.09M -21.74M -39.05M 179.69M -349.04M
Change to account receivables 104.11M -244.53M 23.08M -30.41M -3.22M
Sale purchase of stock -183.93M -589.36M -996.63M -500.37M -127.52M
Other cashflows from financing activities -1.58M -39.84M -104.20M 223.74M 640.11M
Change to netincome - - - -954.39M -224.82M
Capital expenditures 118.72M 12.26M 32.41M 38.64M 138.84M
Change in working capital -102.23M -120.64M -307.86M -839.80M -628.18M
Stock based compensation 186.24M 369.65M 362.87M 166.16M 223.34M
Other non cash items -2.62M -44.47M -498.38M -368.45M 78.61M
Free cash flow 985.83M 842.09M 166.29M 448.19M 1661.06M

Peer Comparison*

Sector: Consumer Defensive Industry: Tobacco

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
RLX
RLX Technology Inc		 0.03
1.95%		 1.57 15.73 6.66 0.47 0.93 1.30 9.94
PM
Philip Morris International Inc		 2.08
1.06%		 198.43 26.74 21.28 7.11 1318.70 8.15 18.53
BTI
British American Tobacco p.l.c.		 0.15
0.25%		 61.20 11.67 11.10 4.63 1.84 4.79 8.62
BTAFF
British American Tobacco p.l.c		 -
-%		 60.79 - 7.91 3.31 1.20 3.79 10.29
JAPAF
Japan Tobacco Inc		 -
-%		 30.33 19.83 15.62 0.02 2.71 3.36 9.96

Profile*

RLX Technology Inc

RLX Technology Inc., through its subsidiaries, develops, manufactures, and sells e-vapor products in the People's Republic of China and internationally. It offers rechargeable e-vapor products under the Qingyu, Phantom, Phantom Pro, Zeus, Leili, and Daqian names; and disposable e-vapor products under the Feiliu and Feiliu Mega names. The company also provides closed-system rechargeable products, open-system products, closed-system disposable products, and modern oral products. It sells its products through local channels, third-party distribution channels, and distribution channels co-managed with third parties, as well as online and offline end users. The company was founded in 2018 and is headquartered in Shenzhen, the People's Republic of China.

10th Floor, Building 1A, Unit 1, Shenzhen, China, 518125

86 755 8696 7619

https://ir.relxtech.com

897

Name Title Year Born
Ms. Wang Ying Co-founder, Chairperson of the Board of Directors & CEO 1982
Mr. Jiang Long Co-founder & Director 1979
Mr. Wen Yilong Co-founder & Director 1989
Mr. Chao Lu Chief Financial Officer 1985
Sam Tsang Head of Investor Relations NA
Sean Dai Gen. Counsel NA
Ms. Zhang Yueduo Head of Fin. 1987
Sean Dai General Counsel & Compliance Officer NA
Ms. Zhang Yueduo Head of Finance 1987
Sam Tsang Head of Capital Markets NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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