RLX Technology (RLX) has released an update.
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RLX Technology, a leading branded e-vapor company, has reported a 66% year-over-year increase in net revenues to RMB627.2 million for Q2 2024, thanks to its global market expansion. Despite a slight decrease in gross margin due to changes in revenue mix, non-GAAP net income saw significant growth from RMB86.2 million to RMB213.1 million. The company’s international business and product innovation remain key drivers for its robust financial performance and commitment to delivering shareholder value.
For further insights into RLX stock, check out TipRanks’ Stock Analysis page.
