Key points:
- Net revenue: 880 million yuan, a year-on-year increase of 40.3% and a quarter-on-quarter increase of 8.9%.
- Net profit: 290 million yuan, a year-on-year increase of 35.6% and a quarter-on-quarter increase of 15.2%.
- Gross profit: 240 million yuan, gross profit margin of 27.5%, a year-on-year increase of 2.3 percentage points.
- Operating profit: Under non-US GAAP, operating profit is 1.16 billion yuan, a year-on-year increase of 147.6%.
- Financial condition: Total cash and investments amount to 15.52 billion yuan, indicating a stable financial condition.
- International business: Expansion of international business has contributed to overall performance growth.
On the afternoon of August 22nd, RELX Technology (RLX Technology Inc.) (NYSE: RLX) released its unaudited financial report for the second quarter of 2025. The report revealed that RELX Technology achieved growth in performance in this quarter, with the following key financial data.
Net revenue reached RMB 8.8 billion (approximately $1.2 billion USD), a year-on-year increase of 40.3% and a quarter-on-quarter increase of 8.9%. Adjusted net profit, under non-US GAAP, was RMB 2.9 billion (approximately $406.5 million USD), a year-on-year increase of 35.6% and a quarter-on-quarter increase of 15.2%. Gross profit amounted to RMB 2.4 billion (approximately $337.9 million USD), with a gross margin of 27.5%, up 2.3 percentage points year-on-year. Operating profit, under non-US GAAP, increased by 147.6% year-on-year to RMB 1.16 billion. As of June 30, 2025, the company's financial position included total cash and cash equivalents, restricted cash, short-term bank deposits, short-term investments, long-term bank deposits, and long-term investment securities totaling RMB 155.2 billion (approximately $21.7 billion USD).
RELX Technology founder, chairman, and CEO, Wang Ying, stated:
This quarter, we achieved strong revenue growth, thanks to effective strategic execution and successful global expansion. As the industry regulations and consumer trends rapidly evolve, reshaping the landscape also brings new opportunities for industry growth and innovation. As a trusted brand among adult smokers worldwide, we are taking decisive action: prioritizing global compliance, driving localization through data, deepening strategic partnerships, and continuously consolidating our leadership position. Looking ahead, we are confident and will continue to meet challenges, seize opportunities, create sustainable value for all stakeholders, and collectively lead the future of the global e-cigarette industry.
RELX Technology CFO Lu Chao stated:
The company's performance in the second quarter was impressive, with net revenue reaching 880 million yuan, a year-on-year increase of 40.3% and a quarter-on-quarter increase of 8.9%. This growth was mainly driven by the continued expansion of international business. Additionally, strict cost control and optimization of product portfolio led to a 147.6% year-on-year increase in operating profit under non-US GAAP, reaching 116 million yuan in the second quarter. We will distribute the third cash dividend since the company went public and continue to execute the stock repurchase plan. With effective global growth strategy, efficient operational management, and continuous innovation, we are confident in maintaining sustainable profit growth and creating long-term value for shareholders.
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