Chinese vaping firm RLX Technology falls as higher costs dent quarterly profit

RLX Technology

14/08/2026 12:24

** U.S.-listed shares of Chinese vaping company RLX Technology RLX.N down 10% at $1.8040 premarket
** Co posts year-over-year decline in adjusted net income for second-quarter due to an increase in expenses including salary and welfare, branding as well as acquisition-related costs 
** Co's Q2 adjusted net income falls about 18% to RMB238.8 million ($35.2 million) from RMB291.2 million a year ago
** However, quarterly revenue rises to RMB 1.01 billion from RMB 880 million year ago
** Logs adjusted operating income of RMB149.6 million for the quarter, up 28.8% YOY
** Up to last close, stock down ~14% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))