On May 17th, fog core technology (NYSE: RLX) released its first quarter financial report for 2023, ending on March 31st.
According to the financial report, Fogcore Technology's net revenue in the first quarter was CNY 188.9 million (approximately USD 27.5 million), an 89% decrease compared to the same period last year when it was CNY 1.7145 billion. The net loss was CNY 56.3 million (approximately USD 8.2 million) compared to a net profit of CNY 687.1 million in the same period last year.
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