RLX Technology’s growth despite regulatory challenges in earnings call update.

TLDR:

• RLX Technology reported positive growth in the Fourth Quarter and Full Year 2023, despite regulatory challenges.
• The company focused on compliance, expanded its approved cartridge selection in China, and emphasized international expansion and innovation.

The earnings call revealed a strong balance sheet with RMB15 billion in cash, positive growth in the fourth quarter, and a focus on product innovation and market expansion in 2024. The company faced challenges from unauthorized products in the domestic market, but remains committed to responsible regulation and harm reduction for adult smokers.