- RLX Technology is the most relevant player in the electric cigarette market in China.
- I believe that market leaders usually grow more than the market. Note that RLX seems to be controlling 62.6% of the e-cigarette market in China.
- RLX saw that its assets increased by more than 1,200% in 2019 and 175% in 2020. Cash on hand also increased quite a bit.
- In the 9M ended September 30, 2020, the company reported cash flow from operations of $191 million, 313% more than that in the 9M ended September 30, 2019.
- RLX is enjoying a growing market in China and has a massive market share. If the company continues to spend millions in marketing, I would expect revenue to grow.
For further details see:
RLX Technology Started A Cigarettes Revolution In China