Rlx Technology, Inc. (RLX) has released an update.
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RLX Technology, Inc. has reported a leap in net income to RMB216.0 million in Q4 2023 from a net loss in the same period last year, citing international expansion as a key growth driver. Despite a decrease in net revenues for the fiscal year 2023 compared to the previous year, the company achieved a non-GAAP operating profit in the fourth quarter, signaling a strong recovery. The company also highlighted its strategic adjustments to align with China’s new regulatory environment and its ongoing efforts to expand into more markets and enhance product offerings.
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