RLX Technology Inc. (RLX) Tops Q4 EPS by 1c
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RLX Technology Announces Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
March 26, 2021 5:45 AM EDTBEIJING, March 26, 2021 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading branded e-vapor company in China, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2020.
Fourth Quarter 2020 Financial Highlights
Net revenues were RMB1,618.5 million (US$248.0 million), representing an increase of 44.5% from RMB1,120.2 million in the third quarter of 2020. Gross margin was 42.9%, compared to 39.1% in the third quarter of 2020. Net loss was RMB236.7 million (US$36.3 million), compared with net... More