RLX Technology, Inc. Sponsored ADR Class A (RLX.US) reported a year-on-year net revenue growth of 51.59% in Q3, marking the second dividend payment since going public.

RLX Technology, Inc. Sponsored ADR Class A (RLX.US) announced its performance for the third quarter of 2024. The data shows that the company's net revenue for Q3 was 756.3 million yuan, an increase of 51.59% compared to the same period last year, which was 498.9 million yuan; net profit was 169.4 million yuan, compared to 176.6 million yuan in the same period last year; basic and diluted earnings per ADS were 0.135 and 0.129 yuan, compared to 0.133 and 0.130 yuan in the previous year. Non-GAAP net profit was 261.9 million yuan, compared to 201.4 million yuan in the same period last year, with basic and diluted earnings per ADS of 0.211 and 0.200 yuan. Gross profit was 206 million yuan, compared to 120 million yuan in the same period last year, with a gross profit margin of 27.2%, compared to 24.1% in the previous year. Operating loss was 10.7 million yuan, compared to a loss of 34.3 million yuan in the same period last year. As of September 30, 2024, the company had a total of 15.3617 billion yuan in cash and cash equivalents, restricted cash, short-term bank deposits, short-term investments, long-term bank deposits, and long-term investment securities. In addition, RLX Technology, Inc. Sponsored ADR Class A announced the second cash dividend since its listing. The company stated that its board of directors approved a cash dividend of $0.01 per share of common stock and per ADS held by shareholders, payable in US dollars, as of the close of business on December 6, 2024, Beijing/Hong Kong time and New York time. Following the release of the financial report, as of the time of publication, RLX Technology, Inc. Sponsored ADR Class A rose 3.68% in pre-market trading.