RLX Technology Q2 revenue rises 14.8% on international growth

EarningsM&A · Partnership
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RLX Technology reported second quarter 2026 net revenues of RMB 1.01 billion, up 14.8% year-over-year, driven by international expansion and its May 2025 acquisition. Gross profit rose 47.8% to RMB 357.8 million, with gross margin expanding to 35.4%, up 790 basis points year-over-year. The company also announced a controlling investment in a Western European distributor of next-generation smoke-free products and FMCG goods, which will be consolidated starting in the third quarter of 2026. Management expects Mainland China sales to be broadly flat for the full year due to a more conservative regulatory approval timeline. Total capital resources stood at RMB 13.9 billion as of June 30, 2026.

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