How Investors May Respond To RLX (RLX) Q3 Earnings, Rising Global Revenue and New Dividend Announcement

• RLX Technology Inc. reported third-quarter 2025 earnings, with sales reaching CNY 1,129.27 million and net income at CNY 203.16 million, while its Board approved a US$0.10 cash dividend per ordinary share and ADS for holders of record as of January 26, 2026.
• More than 70% of the company's quarterly revenue was from international markets, highlighting the traction of RLX's global diversification and acquisitions in Asia and Europe.
• We’ll explore how RLX’s rising international revenue and dividend announcement may shift views on its investment narrative.

Outshine the giants: these 26 early-stage AI stocks could fund your retirement.

RLX Technology Investment Narrative Recap

As a shareholder in RLX Technology, your conviction likely centers on its international expansion and ability to capture share in the growing global nicotine alternatives market. The latest earnings and dividend announcement bolster the near-term catalyst of accelerating international sales but do not materially reduce the central risk of unpredictable regulatory shifts, particularly within China and emerging overseas markets.

Among the recent news, the declaration of a US$0.10 cash dividend stands out, signaling RLX’s ongoing commitment to returning value to shareholders. This move is especially pertinent given that over 70% of recent quarterly revenue now comes from international markets, a clear reflection of RLX’s effort to lessen dependency on China and drive growth abroad.

Yet, offsetting this momentum is the fact that much of RLX’s home market remains dominated by illegal competitors whose unchecked activity and lower prices...

Read the full narrative on RLX Technology (it's free!)

RLX Technology's outlook anticipates CN¥5.9 billion in revenue and CN¥1.1 billion in earnings by 2028. This implies a 26.3% annual revenue growth rate and an earnings increase of CN¥373.2 million from the current CN¥726.8 million.

Uncover how RLX Technology's forecasts yield a $3.04 fair value, a 24% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members estimate RLX fair value between US$3.04 and US$3.85, reflecting two distinct personal outlooks. With much of RLX’s China market still controlled by illegal rivals, opinions vary widely on growth potential and risks, consider exploring multiple perspectives before forming your own view.

Explore 2 other fair value estimates on RLX Technology - why the stock might be worth just $3.04!

Build Your Own RLX Technology Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your RLX Technology research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free RLX Technology research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate RLX Technology's overall financial health at a glance.

Contemplating Other Strategies?

Markets shift fast. These stocks won't stay hidden for long. Get the list while it matters:

• The end of cancer? These 29 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.
• These 11 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.
• Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 36 best rare earth metal stocks of the very few that mine this essential strategic resource.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com