Income Statement RLX Technology Inc.

Equities

RLX

US74969N1037

Tobacco

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Published financial data: RLX TECHNOLOGY INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	8.52B	5.28B	1.24B	2.44B	3.62B
Total Revenues	8.52B	5.28B	1.24B	2.44B	3.62B
Cost of Goods Sold, Total	4.85B	2.97B	856M	1.72B	2.43B
Gross Profit	3.67B	2.31B	388M	727M	1.18B
Selling General & Admin Expenses, Total	1.19B	925M	712M	745M	724M
R&D Expenses	180M	317M	173M	88.31M	131M
Other Operating Expenses, Total	1.37B	1.24B	884M	834M	855M
Operating Income	2.3B	1.06B	-497M	-107M	329M
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	167M	317M	874M	666M	612M
Net Interest Expenses	167M	317M	874M	666M	612M
Other Non Operating Income (Expenses)	194M	404M	215M	99.92M	113M
EBT, Excl. Unusual Items	2.66B	1.78B	592M	659M	1.05B
Gain (Loss) On Sale Of Investments	-	-4M	-	-	-
EBT, Incl. Unusual Items	2.66B	1.78B	592M	659M	1.05B
Income Tax Expense	631M	372M	50.76M	94.46M	119M
Earnings From Continuing Operations	2.03B	1.41B	541M	564M	934M
Net Income to Company	2.03B	1.41B	541M	564M	934M
Minority Interest	-3.41M	32.49M	-6.66M	-12.51M	-12.51M
Net Income - (IS)	2.02B	1.44B	534M	552M	922M
Net Income to Common Incl Extra Items	2.02B	1.44B	534M	552M	922M
Net Income to Common Excl. Extra Items	2.02B	1.44B	534M	552M	922M
Per Share Items
Net EPS - Basic	1.44	1.09	0.41	0.45	0.75
Basic EPS - Continuing Operations	1.44	1.09	0.41	0.45	0.75
Basic Weighted Average Shares Outstanding	1.4B	1.32B	1.31B	1.23B	1.22B
Net EPS - Diluted	1.44	1.08	0.4	0.43	0.7
Diluted EPS - Continuing Operations	1.44	1.08	0.4	0.43	0.7
Diluted Weighted Average Shares Outstanding	1.41B	1.33B	1.34B	1.29B	1.22B
Normalized Basic EPS	1.18	0.87	0.28	0.32	0.53
Normalized Diluted EPS	1.18	0.86	0.27	0.31	0.53
Dividend Per Share	-	-	0.07	0.07	0.77
Payout Ratio	-	-	17.29	16.1	9.92
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.34B	1.14B	-450M	-66.9M	389M
EBITA	2.3B	1.07B	-488M	-94.64M	358M
EBIT	2.3B	1.06B	-497M	-107M	329M
EBITDAR	2.42B	1.24B	-390M	-23.79M	438M
Effective Tax Rate - (Ratio)	23.74	20.87	8.58	14.34	11.3
Total Current Taxes	647M	410M	46.26M	84.8M	122M
Total Deferred Taxes	-15.55M	-38.9M	4.5M	9.66M	-2.74M
Normalized Net Income	1.66B	1.15B	363M	399M	646M
Supplemental Operating Expense Items
Advertising Expense	193M	57.95M	31.9M	15.01M	19.91M
Selling and Marketing Expenses	521M	348M	214M	229M	387M
General and Administrative Expenses	673M	577M	498M	516M	337M
Research And Development Expense From Footnotes	180M	317M	173M	88.31M	131M
Net Rental Expense, Total	78.04M	95.22M	60M	43.11M	49.25M
Stock-Based Comp., R&D Exp. (Total)	-59.07M	10.92M	11.82M	-11.54M	19.56M
Stock-Based Comp., S&M Exp. (Total)	-19.65M	-6.99M	16.7M	32.56M	37.74M
Stock-Based Comp., G&A Exp. (Total)	302M	162M	334M	349M	129M
Total Stock-Based Compensation	223M	166M	363M	370M	186M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	5.21B	1.27B	2.39B	5.59B	5.37B
Short Term Investments	6.86B	9.52B	5.72B	2.9B	4.64B
Total Cash And Short Term Investments	12.07B	10.79B	8.11B	8.49B	10B
Accounts Receivable, Total	25.97M	54.38M	165M	418M	380M
Other Receivables	140M	151M	478M	125M	175M
Total Receivables	166M	206M	643M	543M	556M
Inventory	589M	131M	145M	143M	298M
Prepaid Expenses	20.99M	9M	7.84M	10.89M	27.04M
Restricted Cash	500K	20.57M	29.76M	50.87M	178M
Other Current Assets, Total	1.1B	43.73M	43.7M	61.02M	142M
Total Current Assets	13.95B	11.2B	8.98B	9.3B	11.2B
Gross Property Plant And Equipment	382M	285M	285M	263M	616M
Accumulated Depreciation	-62.47M	-122M	-155M	-188M	-288M
Net Property Plant And Equipment	319M	163M	130M	74.9M	328M
Long-term Investments	2.02B	4.93B	7B	7.33B	5.56B
Goodwill	-	-	66.51M	59.58M	567M
Other Intangibles, Total	8.37M	7.55M	69.78M	52.8M	213M
Deferred Tax Assets Long-Term	20.86M	63.89M	58.26M	38.07M	29.1M
Other Long-Term Assets, Total	48.96M	13.46M	4.87M	9.91M	29.41M
Total Assets	16.37B	16.38B	16.32B	16.87B	17.93B
Liabilities
Accounts Payable, Total	1.29B	269M	322M	459M	404M
Accrued Expenses, Total	262M	238M	110M	170M	212M
Short-term Borrowings	-	-	41.11M	40M	92.1M
Current Portion of Long-Term Debt	-	-	-	-	15.49M
Current Portion of Leases	80.58M	45.96M	29.44M	11.45M	28.59M
Current Income Taxes Payable	598M	110M	77.16M	126M	160M
Unearned Revenue Current, Total	287M	75.23M	49.59M	10.61M	84M
Other Current Liabilities	222M	51.38M	39.47M	41.29M	969M
Total Current Liabilities	2.74B	790M	669M	858M	1.97B
Long-Term Debt	-	-	-	-	-
Long-Term Leases	104M	39.97M	24.42M	7.05M	55.67M
Deferred Tax Liability Non Current	4.51M	8.65M	23.59M	16.2M	113M
Other Non Current Liabilities	-	-	-	-	64.29M
Total Liabilities	2.85B	838M	717M	881M	2.2B
Common Stock, Total	103K	104K	104K	104K	104K
Additional Paid In Capital	11.88B	12.06B	12.12B	12.72B	12.91B
Retained Earnings	1.91B	3.35B	3.79B	4.25B	4.15B
Treasury Stock	-128M	-628M	-1.28B	-2.11B	-2.29B
Comprehensive Income and Other	-150M	782M	981M	1.12B	863M
Total Common Equity	13.51B	15.57B	15.61B	15.99B	15.63B
Minority Interest	3.8M	-28.69M	-10.98M	1.74M	97.86M
Total Equity	13.52B	15.54B	15.6B	15.99B	15.73B
Total Liabilities And Equity	16.37B	16.38B	16.32B	16.87B	17.93B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.55B	1.31B	1.27B	1.22B	1.22B
ECS Total Common Shares Outstanding	1.57B	1.31B	1.27B	1.22B	1.2B
Book Value / Share	8.63	11.86	12.28	13.12	13.08
Tangible Book Value	13.51B	15.56B	15.47B	15.88B	14.85B
Tangible Book Value Per Share	8.63	11.85	12.17	13.03	12.43
Total Debt	185M	85.92M	94.96M	58.5M	192M
Net Debt	-11.89B	-10.7B	-8.02B	-8.43B	-9.81B
Debt Equivalent Oper. Leases	624M	762M	480M	345M	394M
Minority Interest, Total (Incl. Fin. Div)	3.8M	-28.69M	-10.98M	1.74M	97.86M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	66.23M	7.23M	27.18M	21.12M	22.84M
Inventories - Finished Goods, Total	612M	124M	118M	121M	275M
Land - (BS)	-	-	8.38M	7.5M	17.93M
Buildings, Total	-	-	8.33M	7.46M	-
Machinery, Total	140M	132M	133M	141M	324M
Full Time Employees	1.24K	707	397	381	897
Accumulated Allowance for Doubtful Accounts (Supple)	-	201K	3.03M	3.61M	7.49M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	2.02B	1.44B	534M	552M	922M
Depreciation & Amortization - CF	109M	159M	87.71M	63.29M	62.1M
Amortization of Goodwill and Intangible Assets - (CF)	4.77M	5.37M	8.89M	12.51M	29.42M
Depreciation & Amortization, Total	114M	164M	96.6M	75.8M	91.52M
(Gain) Loss From Sale Of Asset	4.1M	1.23M	2.99M	5.49M	180K
(Gain) Loss on Sale of Investments - (CF)	-15.79M	-64.88M	-543M	-91.3M	-45.49M
Asset Writedown & Restructuring Costs	-	42.53M	5.08M	-	-
Stock-Based Compensation (CF)	223M	166M	363M	370M	186M
Provision and Write-off of Bad Debts	2.56M	25.04M	1.62M	4.04M	2.28M
Other Operating Activities, Total	75.6M	115M	45.62M	59.47M	50.18M
Change In Accounts Receivable	-3.22M	-30.41M	23.08M	-17.14M	-31.79M
Change In Inventories	-349M	278M	-39.05M	-21.74M	-55.09M
Change In Accounts Payable	-171M	-1.02B	-30.06M	192M	-55.56M
Change in Unearned Revenues	-33.78M	-211M	-25.8M	-38.98M	-605K
Change In Income Taxes	234M	-491M	-36.86M	48.99M	6.88M
Change in Other Net Operating Assets	-305M	69.67M	-199M	-284M	33.93M
Cash from Operations	1.8B	487M	199M	854M	1.1B
Capital Expenditure	-131M	-38.64M	-28.22M	-10.09M	-118M
Sale of Property, Plant, and Equipment	-	-	-	285K	572K
Cash Acquisitions	-	-	-	-	-599M
Sale (Purchase) of Intangible assets	-7.9M	-5.93M	-4.19M	-2.18M	-992K
Investment in Marketable and Equity Securities, Total	-7.75B	-4.09B	2.12B	3.03B	-105M
Other Investing Activities, Total	21.01M	-	640K	1.28M	-
Cash from Investing	-7.87B	-4.13B	2.09B	3.02B	-822M
Short Term Debt Issued, Total	-	-	41.11M	-	-
Long-Term Debt Issued, Total	-	199M	-	40M	92.1M
Total Debt Issued	-	199M	41.11M	40M	92.1M
Short Term Debt Repaid, Total	-11.17M	-	-	-41.11M	-
Long-Term Debt Repaid, Total	-	-200M	-	-	-99.02M
Total Debt Repaid	-11.17M	-200M	-	-41.11M	-99.02M
Issuance of Common Stock	10.04B	23.86M	8.76M	1.45M	1.15M
Repurchase of Common Stock	-128M	-500M	-997M	-589M	-184M
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-	-92.38M	-88.84M	-91.47M
Common & Preferred Stock Dividends Paid	-	-	-92.38M	-88.84M	-91.47M
Other Financing Activities, Total	389K	640K	-154M	-176K	-1.58M
Cash from Financing	9.9B	-477M	-1.19B	-678M	-283M
Foreign Exchange Rate Adjustments	-78.69M	203M	34.34M	29.98M	-98.96M
Net Change in Cash	3.75B	-3.92B	1.13B	3.22B	-99.35M
Supplemental Items
Cash Interest Paid	-	1.4M	-	176K	1.58M
Cash Income Tax Paid (Refund)	471M	744M	74.84M	40.8M	85.29M
Levered Free Cash Flow	1.36B	159M	-488M	636M	995M
Unlevered Free Cash Flow	1.36B	159M	-488M	636M	995M
Change In Net Working Capital	275M	792M	605M	-270M	-631M
Net Debt Issued / Repaid	-11.17M	-1.4M	41.11M	-1.11M	-6.92M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	14.07	4.06	-1.9	-0.4	1.18
Return on Total Capital	18.76	4.53	-1.98	-0.42	1.28
Return On Equity %	26.99	9.7	3.47	3.57	5.89
Return on Common Equity	26.95	9.91	3.43	3.49	5.83
Margin Analysis
Gross Profit Margin %	43.09	43.66	31.17	29.72	32.72
SG&A Margin	14.01	17.51	57.21	30.49	20.02
EBITDA Margin %	27.51	21.68	-36.19	-2.74	10.75
EBITA Margin %	27.03	20.24	-39.21	-3.87	9.9
EBIT Margin %	26.98	20.14	-39.93	-4.38	9.08
Income From Continuing Operations Margin %	23.8	26.68	43.49	23.09	25.83
Net Income Margin %	23.76	27.3	42.95	22.57	25.49
Net Avail. For Common Margin %	23.76	27.3	42.95	22.57	25.49
Normalized Net Income Margin	19.47	21.74	29.19	16.33	17.85
Levered Free Cash Flow Margin	15.96	3	-39.26	26.01	27.5
Unlevered Free Cash Flow Margin	15.96	3	-39.26	26.01	27.5
Asset Turnover
Asset Turnover	0.83	0.32	0.08	0.15	0.21
Fixed Assets Turnover	35.09	21.9	8.5	23.87	17.94
Receivables Turnover (Average Receivables)	363.24	131.43	11.36	8.4	9.07
Inventory Turnover (Average Inventory)	10.56	8.26	6.21	11.96	11.06
Short Term Liquidity
Current Ratio	5.1	14.18	13.44	10.84	5.7
Quick Ratio	4.47	13.92	13.1	10.53	5.37
Operating Cash Flow to Current Liabilities	0.66	0.62	0.3	1	0.56
Days Sales Outstanding (Average Receivables)	1	2.78	32.14	43.59	40.26
Days Outstanding Inventory (Average Inventory)	34.56	44.17	58.77	30.61	33.01
Average Days Payable Outstanding	98.19	112.99	123.95	83.23	60.79
Cash Conversion Cycle (Average Days)	-62.62	-66.04	-33.05	-9.02	12.48
Long Term Solvency
Total Debt/Equity	1.37	0.55	0.61	0.37	1.22
Total Debt / Total Capital	1.35	0.55	0.61	0.36	1.2
LT Debt/Equity	0.77	0.26	0.16	0.04	0.35
Long-Term Debt / Total Capital	0.76	0.26	0.16	0.04	0.35
Total Liabilities / Total Assets	17.39	5.12	4.39	5.22	12.26
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	0.08	0.07	-0.24	-2.46	0.44
Net Debt / EBITDA	-4.91	-8.63	20.55	354.58	-22.4
Total Debt / (EBITDA - Capex)	0.08	0.07	-0.23	-1.73	0.6
Net Debt / (EBITDA - Capex)	-5.19	-8.91	19.17	249	-30.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	123.08	-38.03	-76.44	96.5	47.97
Gross Profit, 1 Yr. Growth %	140.39	-37.23	-83.18	87.38	62.92
EBITDA, 1 Yr. Growth %	6.37K	-51.17	-139.32	-85.14	-681.28
EBITA, 1 Yr. Growth %	13.82K	-53.6	-145.64	-80.6	-478.27
EBIT, 1 Yr. Growth %	17.38K	-53.74	-146.71	-78.43	-406.65
Earnings From Cont. Operations, 1 Yr. Growth %	-1.68K	-30.54	-61.6	4.32	65.57
Net Income, 1 Yr. Growth %	-1.68K	-28.82	-62.93	3.28	67.05
Normalized Net Income, 1 Yr. Growth %	2.47K	-30.81	-68.36	9.93	61.77
Diluted EPS Before Extra, 1 Yr. Growth %	-1.71K	-24.44	-63.23	7.27	63.04
Accounts Receivable, 1 Yr. Growth %	23.94	109.43	202.86	153.57	-8.93
Inventory, 1 Yr. Growth %	78.99	-77.78	10.66	-1.59	108.82
Net Property, Plant and Equip., 1 Yr. Growth %	92.14	-49.01	-20.24	-42.35	338.48
Total Assets, 1 Yr. Growth %	303.09	0.08	-0.39	3.41	6.27
Tangible Book Value, 1 Yr. Growth %	798.5	15.21	-0.57	2.6	-6.44
Common Equity, 1 Yr. Growth %	795.84	15.2	0.26	2.43	-2.22
Cash From Operations, 1 Yr. Growth %	-30.49	-72.95	-59.18	329.96	29.29
Capital Expenditures, 1 Yr. Growth %	940.44	-70.49	-26.96	-64.26	1.07K
Levered Free Cash Flow, 1 Yr. Growth %	-37.17	-90.73	-407.98	-230.18	56.48
Unlevered Free Cash Flow, 1 Yr. Growth %	-37.17	-90.73	-407.98	-230.18	56.48
Dividend Per Share, 1 Yr. Growth %	-	-	-	2.96	953.97
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	134.51	17.57	-61.79	-31.96	70.52
Gross Profit, 2 Yr. CAGR %	151.41	22.84	-67.51	-43.86	74.72
EBITDA, 2 Yr. CAGR %	527.48	462.24	-56.18	-75.83	-7.06
EBITA, 2 Yr. CAGR %	534.8	703.73	-53.98	-70.24	-14.34
EBIT, 2 Yr. CAGR %	538.49	799.3	-53.52	-68.26	-18.67
Earnings From Cont. Operations, 2 Yr. CAGR %	551.73	231.62	-48.35	-36.71	31.42
Net Income, 2 Yr. CAGR %	551.18	235.42	-48.63	-38.12	31.35
Normalized Net Income, 2 Yr. CAGR %	500.21	321.35	-53.21	-41.02	33.35
Diluted EPS Before Extra, 2 Yr. CAGR %	559.66	248.85	-47.29	-37.19	32.25
Accounts Receivable, 2 Yr. CAGR %	-26.71	61.11	151.85	177.13	51.96
Inventory, 2 Yr. CAGR %	63.89	-36.93	-50.41	4.36	43.36
Net Property, Plant and Equip., 2 Yr. CAGR %	42.78	-1.02	-36.22	-32.19	58.99
Total Assets, 2 Yr. CAGR %	236.64	100.86	-0.15	1.49	4.83
Tangible Book Value, 2 Yr. CAGR %	1.06K	221.74	7.03	1	-2.02
Common Equity, 2 Yr. CAGR %	1.03K	221.25	7.47	1.34	0.08
Cash From Operations, 2 Yr. CAGR %	130.72	-56.64	-66.77	32.47	135.77
Capital Expenditures, 2 Yr. CAGR %	24.14	75.22	-53.58	-48.91	104.25
Levered Free Cash Flow, 2 Yr. CAGR %	200	-72.93	-46.56	100.23	42.73
Unlevered Free Cash Flow, 2 Yr. CAGR %	200	-72.93	-46.56	100.23	42.73
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	229.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	300.53	50.49	-31.2	-34.05	-11.85
Gross Profit, 3 Yr. CAGR %	295.74	58.31	-36.69	-41.73	-19.92
EBITDA, 3 Yr. CAGR %	-	167.9	131.65	-69.44	-30.23
EBITA, 3 Yr. CAGR %	913.75	165.42	208.93	-65.49	-30.55
EBIT, 3 Yr. CAGR %	913.05	166.18	235.53	-64.01	-32.4
Earnings From Cont. Operations, 3 Yr. CAGR %	1.82K	209	61.64	-34.71	-12.79
Net Income, 3 Yr. CAGR %	1.82K	211.36	60.97	-35.16	-13.84
Normalized Net Income, 3 Yr. CAGR %	981.53	192.11	77.77	-37.8	-17.44
Diluted EPS Before Extra, 3 Yr. CAGR %	1.72K	220.36	64.79	-33.2	-13.68
Accounts Receivable, 3 Yr. CAGR %	18.4	4	98.84	152.42	91.24
Inventory, 3 Yr. CAGR %	246.58	-15.8	-23.93	-37.68	31.5
Net Property, Plant and Equip., 3 Yr. CAGR %	749.52	1.3	-7.89	-38.34	26.33
Total Assets, 3 Yr. CAGR %	436.9	124.68	58.99	1.02	3.06
Tangible Book Value, 3 Yr. CAGR %	1.17K	436.31	117.53	5.54	-1.54
Common Equity, 3 Yr. CAGR %	1.17K	427.15	117.91	5.76	0.14
Cash From Operations, 3 Yr. CAGR %	1.13K	12.92	-57.51	-21.99	31.4
Capital Expenditures, 3 Yr. CAGR %	1.55K	-23.1	30.89	-57.45	44.97
Levered Free Cash Flow, 3 Yr. CAGR %	-	1.62	-39.12	-28.09	84.44
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	1.62	-39.12	-28.09	84.44
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	56.48	9.55	-1.08
Gross Profit, 5 Yr. CAGR %	-	-	45.6	4.57	-4.97
EBITDA, 5 Yr. CAGR %	-	-	-	2.36	60.76
EBITA, 5 Yr. CAGR %	-	-	194.26	10.61	84.94
EBIT, 5 Yr. CAGR %	-	-	195.33	13.7	90.35
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	351.92	63.88	48.8
Net Income, 5 Yr. CAGR %	-	-	350.8	63.14	48.4
Normalized Net Income, 5 Yr. CAGR %	-	-	207.95	54.03	58.46
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	340.71	66.95	50.91
Accounts Receivable, 5 Yr. CAGR %	-	-	60.13	53.92	78.56
Inventory, 5 Yr. CAGR %	-	-	59.23	-8.26	-1.99
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	201.56	-13.72	14.59
Total Assets, 5 Yr. CAGR %	-	-	173.95	63.5	34.59
Tangible Book Value, 5 Yr. CAGR %	-	-	371.74	175.03	58.11
Common Equity, 5 Yr. CAGR %	-	-	372.57	172.56	59.62
Cash From Operations, 5 Yr. CAGR %	-	-	189.51	20.37	-15.67
Capital Expenditures, 5 Yr. CAGR %	-	-	295.94	-34.7	56.39
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	33.29	-14.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	33.29	-14.4