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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
[1]
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
[1]
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Net revenues ¥ 1,586,397 $ 223,439 ¥ 5,332,779 ¥ 8,520,978
Cost of revenues (856,329) (120,611) (2,974,981) (4,848,918)
Excise tax on products (342,354) (48,220) (52,668)  
Gross profit 387,714 54,608 2,305,130 3,672,060
Operating expenses:        
Selling expenses (including share-based compensation expenses of RMB48,615, nil and nil allocated from Relx Inc. ("the former parent") (Note 22) ) (213,723) (30,102) (347,798) (520,694)
General and administrative expenses (including share-based compensation expenses of RMB381,977, nil and nil allocated from Relx Inc. (Note22) ) (498,015) (70,144) (576,811) (672,748)
Research and development expenses (including share-based compensation expenses of RMB43,540, nil and nil allocated from Relx Inc. (Note22) ) (172,686) (24,322) (317,110) (179,913)
Total operating expenses (884,424) (124,568) (1,241,719) (1,373,355)
Income/(loss) from operations (496,710) (69,960) 1,063,411 2,298,705
Other income:        
Interest income, net 627,879 88,435 180,729 72,414
Investment income 245,700 34,606 136,531 94,222
Others, net 214,874 30,264 399,641 194,209
Income before income tax 591,743 83,345 1,780,312 2,659,550
Income tax expense (50,755) (7,149) (371,580) (631,426)
Net income 540,988 76,196 1,408,732 [2] 2,028,124 [2]
Less: net income/(loss) attributable to noncontrolling interests 6,660 938 (32,487) 3,411
Net income attributable to RLX Technology Inc. 534,328 75,258 1,441,219 2,024,713
Other comprehensive (loss)/income:        
Foreign currency translation adjustments 198,534 27,963 937,428 (149,188)
Unrealized (loss)/income on investment securities 632 89 (5,425)  
Total other comprehensive (loss)/income 199,166 28,052 932,003 (149,188)
Total comprehensive income 740,154 104,248 2,340,735 1,878,936
Less: total comprehensive income/(loss) attributable to noncontrolling interests 6,660 938 (32,487) 3,411
Total comprehensive income attributable to RLX Technology Inc. ¥ 733,494 $ 103,310 ¥ 2,373,222 ¥ 1,875,525
Net income per ordinary share        
-Basic | (per share) ¥ 0.407 $ 0.057 ¥ 1.092 ¥ 1.445
-Diluted | (per share) ¥ 0.399 $ 0.056 ¥ 1.085 ¥ 1.436
Weighted average number of ordinary shares        
-Basic 1,311,401,901 1,311,401,901 1,319,732,802 1,401,371,494
-Diluted 1,340,445,653 1,340,445,653 1,328,144,092 1,409,690,879
[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 statements of comprehensive income in prior years. Refer to Note 1 (e) for detailed information.
[2] 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