RLX Technology Inc. (RLX) Q3 2022 Earnings Call Transcript

RLX Technology Inc. (NYSE:RLX) Q3 2022 Earnings Conference Call November 16, 2022 7:00 AM ET

Company Participants

Sam Tsang - Head, Investor Relations

Chao Lu - Chief Financial Officer

Conference Call Participants

Lydia Ling - Citi

Charlie Chen - China Renaissance

Peihang Lyu - CICC

Operator

Hello, ladies and gentlemen, and thank you for standing by for the RLX Technologies Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's remarks, there will be a question-and-answer session. Today's conference call is being recorded, and expected to last for about 40 minutes.

I will now turn the call over to your host Mr. Sam Tsang, Head of Investor Relations for the company. Please go ahead, Sam.

Sam Tsang

Thank you, very much. Hello, everyone, and welcome to RLX Technology's Third Quarter 2022 Earnings Conference Call. The company's financial and operational results were released through PR Newswire services earlier today, and have been made available online. You can also view the earnings press release by visiting, the IR section of our website at ir.rh.com.

Participants on today's call will include our CFO, Mr. Chao Lu and myself Sam Tsang Head of Investor Relations.

Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statements typically contain words such as may, will, expect, target, estimate, intend, believe, potential, continue, or other similar expressions.

Forward-looking statements involve inherent risk and uncertainties. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, many of which factors are beyond our control. The company, its affiliates, advisors and representatives do not undertake any obligations to update these forward-looking information except as required by applicable law

Please note that, RLX Technology's earnings press release and this conference call include discussions of unaudited GAAP financial measures, as well as unaudited non-GAAP financial measures. RLX press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited GAAP measures.

I will now turn over the call over to Chao. Please go ahead.

Chao Lu

Thank you, Sam, and thanks everyone for making time to join our earnings conference call today. During the third quarter, we remain dedicated to preparing for a smooth transition to the new operating environment, created by China's new national standards, which came into effect on October 1, 2022. Specifically, we concentrated on developing new products in compliance with the national standard, which we call gradual or GD products and finished moving our sales to the national transaction platform.