RLX Technology Q2 revenues rise 14.8% with strong international growth and strategic European acquisition

RLX Technology reported a 14.8% increase in Q2 2026 revenues to RMB1.01 billion, driven by international expansion and a recent acquisition. Gross margin improved to 35.4% due to better revenue mix and supply chain efficiencies. The company acquired a 51% stake in a major Western European distributor to strengthen its presence and expects to consolidate its financials from Q3. RLX is expanding beyond e-vapor products into smoke-free categories, aiming for sustainable growth supported by strong capital management.