← RLX Technology Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $42.7m | $60.1m | $132.6m | $1.5b | $585.4m | $1.3b | $773.2m | $223.4m | $376.6m | $566.1m | |
| Cost of Revenue | $35.5m | $44.1m | ($73.4m) | $968.4m | $351.3m | $760.9m | $431.3m | $120.6m | $235.4m | $348.0m | |
| Cost of revenues | $35.5m | $44.1m | ($73.4m) | ($968.4m) | ($2.3b) | ($4.8b) | ($3.0b) | ($856.3m) | ($1.7b) | ($2.4b) | |
| Gross Profit | $7.2m | $16.0m | $59.2m | $580.9m | $234.1m | $576.2m | $334.2m | $54.6m | $99.5m | $169.3m | |
| Operating Expenses | — | — | — | $524.6m | $232.1m | $215.5m | $180.0m | $124.6m | $114.2m | $122.3m | |
| Total operating expenses | $47.2m | $46.6m | ($57.0m) | ($524.6m) | ($1.5b) | ($1.4b) | ($1.2b) | ($884.4m) | ($833.7m) | ($855.0m) | |
| (Loss)/income from operations | ($39.9m) | ($30.6m) | $2.2m | $56.4m | $13.1m | $2.3b | $1.1b | ($496.7m) | ($107.1m) | $328.6m | |
| Operating Income (Loss) | — | — | — | $56.4m | $2.0m | $360.7m | $154.2m | ($70.0m) | ($14.7m) | $47.0m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | — | — | $776k | $520k | $749k | $778k | $1.3m | $1.7m | $4.2m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | $0 | $1.0m | $0 | $4.0m | $0 | $0 | $0 | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | $2.4m | $208k | ($844k) | $81k | ($1.9m) | $427k | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $0 | $0 | $0 | |
| Excise tax on products | — | — | — | — | — | — | ($52.7m) | ($342.4m) | ($304.1m) | ($341.6m) | |
| Interest income, net | — | — | ($107k) | $745k | $32.4m | $72.4m | $180.7m | $627.9m | $616.4m | $560.4m | |
| Investment income | — | — | — | — | $20.4m | $94.2m | $136.5m | $245.7m | $49.6m | $51.6m | |
| Others, net | ($2k) | $36k | ($6k) | $16.5m | $36.5m | $194.2m | $399.6m | $214.9m | $99.9m | $112.8m | |
| Foreign currency translation adjustments | — | — | ($14k) | ($805k) | $141k | ($149.2m) | $937.4m | $198.5m | $143.8m | ($257.2m) | |
| Unrealized income/(loss) on investment securities | — | — | — | — | — | — | ($5.4m) | $632k | ($2.2m) | ($2.2m) | |
| Less: total comprehensive income attributable to noncontrolling interests | $0 | $241k | ($1.3m) | ($427k) | ($876k) | $3.4m | ($32.5m) | $6.7m | $12.5m | $13.4m | |
| -Basic | — | — | $1.2b | $1.4b | $1.4b | $1.4b | $1.3b | $1.3b | $1.2b | $1.2b | |
| -Diluted | — | — | $1.2b | $1.4b | $1.4b | $1.4b | $1.3b | $1.3b | $1.3b | $1.2b | |
| Allowance for (net recovery of) credit losses | $14.5m | $1.8m | ($841k) | $611k | $2.2m | $8.2m | ($659k) | ($9.0m) | $4.1m | ($2.9m) | |
| Impairment loss of property and equipment and other long-lived assets | — | — | — | $0 | $0 | $768k | $0 | $1.0m | $0 | $0 | |
| Subsidy income | $289k | $133k | $372k | $1.1m | $1.2m | $356k | $12k | $325k | $131k | $86k | |
| Interest income | $184k | $74k | $68k | $40k | $55k | $919k | $5.4m | $13.6m | $22.9m | $13.4m | |
| Loss (gain) in fair value changes of warrants liability | — | — | — | $0 | $0 | $35.4m | $174.5m | $6.1m | ($934k) | $6k | |
| Foreign exchange transaction gain (loss) | $8k | $22k | ($4k) | $57k | ($18k) | ($147k) | ($118k) | $242k | ($882k) | $953k | |
| Impairment loss on goodwill and intangible assets | — | — | — | — | — | $0 | ($2.3m) | ($10.0m) | $0 | $0 | |
| Other income, net | ($426k) | ($284k) | ($4.4m) | ($1.1m) | $337k | $35.2m | $176.0m | $7.9m | $20.2m | $13.6m | |
| Loss before income tax | ($40.3m) | ($30.9m) | ($45.4m) | ($25.4m) | ($19.8m) | ($26.4m) | $93.7m | ($61.5m) | ($51.4m) | ($43.7m) | |
| Net loss attributable to Recon Technology, Ltd | ($40.9m) | ($31.4m) | ($44.1m) | ($25.4m) | ($19.2m) | ($22.8m) | $95.6m | ($59.2m) | ($49.9m) | ($42.6m) | |
| Foreign currency translation adjustment | $99k | ($30k) | $1.8m | $1.4m | ($84k) | ($851k) | $9.3m | $23.8m | $2.0m | ($3.6m) | |
| Income from investment in unconsolidated entity | — | $0 | $0 | ($960k) | $463k | ($267k) | $15k | $0 | $0 | — | |
| Remeasurement gain of previously held equity interests in connection with step acquisition | — | — | — | $0 | $0 | $979k | $0 | $0 | — | — | |
| Impairment loss on goodwill | — | — | — | — | $0 | $0 | ($2.3m) | — | — | — | |
| Impairment loss of investment in unconsolidated entity | $0 | $0 | $4.0m | $0 | — | — | — | — | — | — | |
| Change in fair value of warrants liability | $0 | $0 | — | — | — | — | — | — | — | — | |
| Loss from warrants redemption | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | $73.7m | $15.7m | $417.3m | $258.1m | $83.3m | $90.3m | $150.6m | |
| Total other comprehensive income/(loss) | — | — | — | ($805k) | $141k | ($149.2m) | $932.0m | $199.2m | $141.6m | ($259.3m) | |
| Total comprehensive income | ($40.8m) | ($31.2m) | ($43.6m) | $46.9m | ($128.0m) | $1.9b | $2.3b | $740.2m | $706.0m | $675.0m | |
| Total comprehensive income attributable to RLX Technology Inc. | ($40.8m) | ($31.5m) | ($301k) | $46.9m | ($128.0m) | $1.9b | $2.4b | $733.5m | $693.5m | $661.6m | |
| Income before income tax | — | — | $2.1m | $73.7m | $102.4m | $2.7b | $1.8b | $591.7m | $658.8m | $1.1b | |
| Net Income (Loss) Attributable to Parent | ($40.9m) | ($31.2m) | ($45.4m) | $47.7m | ($19.6m) | $317.7m | $209.0m | $75.3m | $75.6m | $131.8m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($40.9m) | ($31.2m) | ($45.4m) | $47.7m | ($128.1m) | $2.0b | $1.4b | $534.3m | $551.8m | $854.1m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | $535k | ($4.7m) | $938k | $1.7m | $1.8m | |
| Less: net income attributable to noncontrolling interests | $0 | $241k | ($1.3m) | ($427k) | ($876k) | $3.4m | ($32.5m) | $6.7m | $12.5m | $12.5m | |
| Earnings Per Share, Basic | — | — | ($0.00) | $0.03 | ($0.01) | $0.23 | $0.16 | $0.06 | $0.06 | $0.10 | |
| Earnings Per Share, Diluted | ($7.23) | ($4.90) | ($0.00) | $0.03 | ($0.01) | $0.23 | $0.16 | $0.06 | $0.06 | $0.10 | |
| Common Stock, Dividends, Per Share, Declared | — | — | ($0.00) | $0.03 | ($0.09) | $1.45 | $1.09 | $0.41 | $0.45 | $0.11 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | $1.2b | 1.4b | 1.4b | 1.4b | 1.3b | 1.3b | 1.2b | 1.2b | |
| Weighted - average shares -basic and diluted | $5.7m | $6.4m | $2.3m | $3.9m | $4.6m | $12.7m | — | — | — | — | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | $1.2b | 1.4b | 1.4b | 1.4b | 1.3b | 1.3b | 1.3b | 1.2b | |
| Research and Development Expense | — | — | — | $31.9m | $45.9m | $28.2m | $46.0m | $24.3m | $12.1m | $18.7m | |
| Research and development expenses | $6.9m | $7.6m | ($2.1m) | ($31.9m) | ($299.3m) | ($179.9m) | ($317.1m) | ($172.7m) | ($88.3m) | ($131.0m) | |
| General and Administrative Expense | — | — | — | $133.2m | $118.3m | $105.6m | $83.6m | $70.1m | $70.7m | $48.2m | |
| General and administrative expenses | $20.2m | $32.8m | ($20.7m) | ($133.2m) | ($772.0m) | ($672.7m) | ($576.8m) | ($498.0m) | ($515.9m) | ($336.9m) | |
| Other Nonoperating Income (Expense) | — | — | — | $16.5m | $5.6m | $30.5m | $57.9m | $30.3m | $13.7m | $16.1m | |
| Selling Expense | — | — | — | $359.4m | $67.9m | $81.7m | $50.4m | $30.1m | $31.4m | $55.4m | |
| Selling expenses | — | — | ($34.3m) | ($359.4m) | ($443.2m) | ($520.7m) | ($347.8m) | ($213.7m) | ($229.5m) | ($387.1m) | |
| Selling and distribution expenses | $5.6m | $4.5m | $8.0m | $9.1m | $4.4m | $8.0m | $10.2m | $10.6m | $10.4m | $9.3m | |
| Interest Expense | ($903k) | ($549k) | ($898k) | ($1.6m) | ($1.5m) | ($2.2m) | $203k | ($2.5m) | $24k | $914k | |
| Current Income Tax Expense (Benefit) | — | — | — | $14.9m | $241.8m | $647.0m | $410.5m | $46.3m | $84.8m | $121.7m | |
| Income tax expense | $546k | $308k | ($2.4m) | ($25.9m) | ($230.5m) | ($631.4m) | ($371.6m) | ($50.8m) | ($94.5m) | ($119.0m) | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | $745k | $5.0m | $11.4m | $26.2m | $88.4m | $84.4m | $80.1m | |
| Income Tax Expense (Benefit) | — | — | — | $25.9m | $35.3m | $99.1m | $53.9m | $7.1m | $12.9m | $17.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.