RLX
RLX

RLX Technology Inc. (RLX) stock soared 12.87% in the current market trading session at the price of $1.93 despite no fundamental development. The last reported news was its earnings report for the fourth quarter and fiscal 2021.

RLX Technology is a top branded e-vapor firm located in China. The company utilizes its in-house technology and product development capacities to deliver novel e-vapor products for adult smokers.

RLX Q4 2021 Earnings Report

On 11th March 2022, RLX published its financial results for Q4 and the fiscal year ended 31st December 2021. The company has also presented its operational highlights.

Revenues totaled RMB1,904.4M for Q4 of 2021. It represents a 17.7 percent gain from RMB1,618.5M for Q4 of last year. For Q4 of 2021, RLX has a gross profit of RMB765.5M. It is a surge of 10.3 percent from RMB694.1M for Q4 of 2020. The gross margin totaled 40.2 percent for Q4 of 2021, compared to 42.9 percent for Q4 of 2020.

RLX calculated operating costs of RMB231.5M for Q4 of 2021. It represents a 72.8 percent drop from RMB852.6M for Q4 of the previous year. For Q4 of 2021, operating income totaled RMB534.0M. The company has an operating loss of RMB158.5M for Q4 of 2020. RLX reported a net income of RMB494.4M for Q4 of 2021 compared to a loss of RMB236.7M for Q4 of 2020.

RLX Fiscal 2021 Financial Highlights

RLX calculated total revenues of RMB8,521.0M for fiscal 2021. It represents a 123.1 percent gain from RMB3,819.7M for fiscal 2020. For fiscal 2021, RLX has a gross profit of RMB3,672.1M. It represents a 140.4 percent gain from RMB1,527.6M for fiscal 2020.

RLX has RMB2,028.1M in net income for fiscal 2021 compared to a loss of RMB128.1M for fiscal 2020. Net income per share totaled RMB1.445 and RMB1.436, respectively, for fiscal 2021. Operating income was RMB2,298.7M for fiscal 2021 compared to RMB13.1M for fiscal 2020.

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