RLX TECHNOLOGY Reports 83.1% YOY Revenue Decline for Q2 2023

August 20, 2023

🌥️Earnings Overview

For the second quarter of 2023 ending June 30, RLX TECHNOLOGY ($NYSE:RLX) reported total revenue of CNY 378.1 million, a decline of 83.1% year-on-year. Net income for the same period was CNY 202.8 million, a decrease of 56.0% compared to the same quarter of the previous year. These results were officially reported on August 18, 2023.

Analysis

GoodWhale has conducted an analysis of RLX TECHNOLOGY‘s wellbeing and the results show that the company is a medium risk investment. This is determined by the Risk Rating metric, which assesses both the financial and business aspects of the company. After conducting a thorough review of RLX TECHNOLOGY, GoodWhale has identified two risk warnings in their cashflow statement and financial journal. If you would like to learn more about these warnings and see a detailed breakdown of RLX TECHNOLOGY’s wellbeing, please visit goodwhale.com. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Rlx Technology. More…

    Total Revenues Net Income Net Margin
    1.95k 420.7 17.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Rlx Technology. More…

    Operations Investing Financing
    451.19 -4.51k -305.64
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Rlx Technology. More…

    Total Assets Total Liabilities Book Value Per Share
    16.65k 619.94 10.22
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Rlx Technology are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    51.0% 166.2% -16.9%
    FCF Margin ROE ROA
    20.8% -1.3% -1.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items




  • Peers

    In the technology industry, RLX Technology Inc competes against Kim Teck Cheong Consolidated Bhd, Crown Confectionery Co Ltd, and White Organic Retail Ltd. All of these companies are striving to be the best in the industry and provide the best products and services to their customers. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which company they want to purchase from.

    – Kim Teck Cheong Consolidated Bhd ($KLSE:0180)

    Founded in 1957, Kim Teck Cheong Consolidated Bhd is one of Malaysia’s leading suppliers of construction materials. The company has a market cap of 163.65M as of 2022 and a Return on Equity of 12.59%. Its products include cement, sand, aggregate, bricks, and tiles. The company also provides environmental solutions such as waste management and recycling services.

    – Crown Confectionery Co Ltd ($KOSE:264900)

    As of 2022, Crown Confectionery Co Ltd has a market cap of 106.92B and a Return on Equity of 11.73%. The company manufactures and sells confectionery products under the Crown, Meiji, and Morinaga brands. It offers chocolates, biscuits, crackers, cookies, candies, gum, and other confectionery products. The company also operates supermarkets and convenience stores.

    – White Organic Retail Ltd ($BSE:542667)

    White Organic Retail Ltd is a publicly traded company with a market capitalization of 4.89 billion as of 2022. The company has a return on equity of 16.17%. White Organic Retail Ltd is engaged in the business of retailing organic food and other products. The company operates a chain of stores under the name “White Organic Markets.”

    Summary

    RLX Technology reported a decrease in total revenue and net income for the second quarter ending June 30, 2023, when compared to the same quarter the previous year. Total revenue was CNY 378.1 million, down 83.1%, while net income was CNY 202.8 million, a decrease of 56.0%. Following the report’s release, the stock price of RLX Technology moved up.

    As a result, investors may consider the company as a potential opportunity, given its recent financial performance and the potential for future growth. Investors should carefully analyze the current market conditions and any new developments before making a decision to invest in RLX Technology.

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