# RLX Technology Inc. (RLX)

> Consumer Defensive · CN · Reports in CNY

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/RLX/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | ¥ 2.38B | ¥ 499.55M | ¥ -68.84M | ¥ 244.13M | ¥ 15.52B |
| 2025 | ¥ 3.60B | ¥ 918.01M | ¥ 985.83M | ¥ 176.47M | ¥ 15.64B |
| 2024 | ¥ 2.46B | ¥ 554.51M | ¥ 848.36M | ¥ 58.50M | ¥ 15.99B |
| 2023 | ¥ 1.36B | ¥ 537.44M | ¥ 171.48M | ¥ 94.96M | ¥ 15.61B |
| 2022 | ¥ 5.30B | ¥ 1.45B | ¥ 449.49M | ¥ 85.92M | ¥ 15.57B |
| 2021 | ¥ 8.70B | ¥ 2.07B | ¥ 1.70B | ¥ 184.81M | ¥ 13.51B |
| 2020 | ¥ 3.96B | ¥ -132.64M | ¥ 2.68B | ¥ 155.74M | ¥ 230.68M |
| 2019 | ¥ 1.00B | ¥ -13.27M | ¥ -53.92M | N/A | N/A |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.02 |
| Liabilities / Eq | 0.08 |
| Current Ratio | 10.61 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 0.29 |
| Gross Debt / FCF | 0.21 |

## Other views

- [Metrics](https://sponda.capital/en/RLX.md)
- [Charts](https://sponda.capital/en/RLX/charts.md)
- [Compare](https://sponda.capital/en/RLX/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-29.