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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2023
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 2,390,298 $ 336,666 ¥ 1,268,512 [1]
Restricted cash 29,760 4,192 20,574 [1]
Short-term bank deposits, net 2,631,256 370,605 7,084,879
Receivables from online payment platforms 6,893 971 3,000
Short-term investments, net 3,093,133 435,659 2,434,864
Accounts and notes receivable, net 60,482 8,519 51,381
Inventories 144,850 20,402 130,901
Prepayments and other current assets, net 508,435 71,612 198,932
Total current assets 8,983,843 1,265,350 11,198,155
Non-current assets      
Property, equipment and leasehold improvement, net 77,358 10,896 87,871
Intangible assets, net 69,778 9,828 7,552
Long-term investments, net 8,000 1,127 8,000
Deferred tax assets, net 58,263 8,206 63,894
Right-of-use assets, net 52,562 7,403 75,008
Long-term bank deposits, net 1,757,804 247,582 1,515,428
Long-term investment securities, net 5,236,109 737,491 3,409,458
Goodwill 66,506 9,367  
Other non-current assets, net 4,874 686 13,458
Total non-current assets 7,331,254 1,032,586 5,180,669
Total assets 16,315,097 2,297,936 16,378,824
Current liabilities      
Accounts and notes payable (including amounts of the consolidated VIE without recourse to the primary beneficiary of RMB268,761 and RMB 224,381 as of December 31, 2022 and 2023, respectively) 266,426 37,525 269,346 [1]
Contract liabilities (including amounts of the consolidated VIE without recourse to the primary beneficiary of RMB3,829 and RMB11,319 as of December 31, 2022 and 2023, respectively) 49,586 6,984 75,226 [1]
Salary and welfare benefits payable (including amounts of the consolidated VIE without recourse to the primary beneficiary of RMB53,438 and RMB19,519 as of December 31, 2022 and 2023, respectively) 39,256 5,529 127,749 [1]
Taxes payable (including amounts of the consolidated VIE without recourse to the primary beneficiary of RMB93,700 and RMB53,260 as of December 31, 2022 and 2023, respectively) 77,164 10,868 109,676 [1]
Accrued expenses and other current liabilities (including amounts of the consolidated VIE without recourse to the primary beneficiary of RMB132,762 and RMB98,725 as of December 31, 2022 and 2023, respectively) 103,996 14,648 161,455 [1]
Dividend payable (including amounts of the consolidated VIE without recourse to the primary beneficiary of nil and nil as of December 31, 2022 and 2023, respectively). 881 124  
Lease liabilities - current portion (including amounts of the consolidated VIE without recourse to the primary beneficiary of RMB36,905 and RMB25,422 as of December 31, 2022 and 2023, respectively) 29,435 4,146 45,955 [1]
Total current liabilities 668,671 94,180 789,830 [1]
Non-current liabilities      
Deferred tax liabilities (including amounts of the consolidated VIE without recourse to the primary beneficiary of RMB8,653 and RMB11,834 as of December 31, 2022 and 2023, respectively) 23,591 3,323 8,653 [1]
Lease liabilities - non-current portion (including amounts of the consolidated VIE without recourse to the primary beneficiary of RMB30,593 and RMB18,092 as of December 31, 2022 and 2023, respectively) 24,419 3,439 39,968 [1]
Total non-current liabilities 48,010 6,762 48,621 [1]
Total liabilities 716,681 100,942 838,451 [1]
Commitments and contingencies [1]
Shareholders' equity      
Ordinary shares (US$0.00001 par value; 15,000,000,000 shares authorized; 1,570,790,570 shares issued as of December 31, 2022; 1,570,790,570 shares issued as of December 31, 2023) (ii) [2] 104 15 104 [1]
Treasury stock (1,280,989) (180,424) (627,886) [1]
Additional paid-in capital 12,115,485 1,706,434 12,062,278 [1]
Statutory reserves 27,811 3,916 27,811 [1]
Retained earnings 3,765,679 530,386 3,324,616 [1]
Accumulated other comprehensive income 981,303 138,213 782,137 [1]
Total RLX Technology Inc. shareholders' equity 15,609,393 2,198,540 15,569,060 [1]
Noncontrolling interests (10,977) (1,546) (28,687) [1]
Total shareholders' equity 15,598,416 2,196,994 15,540,373 [1]
Total liabilities and shareholders' equity 16,315,097 2,297,936 16,378,824 [1]
Related Party      
Current assets      
Amounts due from related parties 118,736 16,724 5,112
Current liabilities      
Amounts due to related parties (including amounts of the consolidated VIE without recourse to the primary beneficiary of RMB423 and nil as of December 31, 2022 and 2023, respectively) ¥ 101,927 $ 14,356 ¥ 423 [1]
[1] The Company acquired various companies on December 13, 2023, which was accounted for as an under common control transaction in accordance with ASC 805-50. The Company retrospectively adjusted the above comparative consolidated balance sheets in prior year. Refer
[2] As of December 31, 2022, there were 1,570,790,570 ordinary shares issued, par value US$0.00001 per share, including 257,720,484 ordinary shares that consist of treasury shares held by the Company’s depositary bank and shares reserved for future exercise of share-based awards. As of December 31, 2023, there were 1,570,790,570 ordinary shares issued, par value US$0.00001 per share, including 299,188,826 ordinary shares that consist of treasury shares held by the Company’s depositary bank and shares reserved for future exercise of share-based awards.