| Market Capitalization (Millions $) |
2,203 |
| Shares
Outstanding (Millions) |
1,224 |
| Employees |
381 |
| Revenues (TTM) (Millions $) |
517 |
| Net Income (TTM) (Millions $) |
134 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
RLX Technology Inc. is a China-based company that mainly operates in the manufacturing and selling of vaping products. The company was founded in 2018 as a spin-off from Ruyan Group, a Chinese electronic cigarette company that was founded in 2004. RLX Technology produces and sells a range of nicotine vaping products, including e-cigarettes, refill cartridges, and related accessories, to customers in China and other countries.
RLX Technology Inc is divided into two businesses segments: branded and OEM. The branded segment includes the production and sale of vapes under the RLX brand name, while the OEM segment involves contract manufacturing for domestic and international vape brands. The company has expanded into multiple markets, including European countries such as the United Kingdom, Russia, and Germany.
As of 2021, RLX has a total of 12,000 employees who work across its R&D, production, sales, and distribution operations. In the same year, RLX became a publicly traded company when it listed on the NYSE. The IPO raised $1.4 billion, making RLX the biggest Chinese company to go public in the US since the Chinese web services company, Baidu, in 2005.
RLX Technology leverages technology in various ways to enable its operations, including the use of 3D printers for prototype production and a computer-aided design tool to help in designing and developing new products. The company also uses data analytics and insights to inform its marketing strategies and optimize sales.
The company has been making notable efforts in corporate sustainability practices, including implementing waste water management and optimizing energy efficiency in its manufacturing plants. The company has also created a Continuous Improvement Program (CIP) to promote sustainability in its operations while improving product quality and lowering costs.
Overall, RLX Technology Inc is a leading vaping products manufacturer and seller in China and globally, with significant focus on quality, innovation, and corporate responsibility.
Company Address: 35/F, Pearl International Financial Center Shenzhen, Guangdong Province 518101
Company Phone Number: 8696 7619 Stock Exchange / Ticker: NYSE RLX
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