RLX Technology Inc. (RLX) Reports Q1 EPS of $0.06
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RLX Technology Announces First Quarter 2021 Unaudited Financial Results
June 2, 2021 6:00 AM EDTBEIJING, June 2, 2021 /PRNewswire/Â -- 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 first quarter ended March 31, 2021.
First Quarter 2021 Financial Highlights
Net revenues were RMB2,398.5 million (US$366.1 million), representing an increase of 48.2% from RMB1,618.5 million in the fourth quarter of 2020. Gross margin was 46.0%, compared to 42.9% in the fourth quarter of 2020. GAAPÂ net loss was RMB267.0 million (US$40.8 million), compared with RMB236.7... More