RLX Technology Inc. (NYSE:RLX) Q2 2023 Earnings Conference Call August 18, 2023 8:00 AM ET

Company Participants

Sam Tsang - Head of Capital Markets

Kate Wang - CEO

Chao Lu - CFO

Conference Call Participants

Charlie Chen - China Renaissance

Lydia Ling - Citi

Peihang Lyu - CICC

Operator

Hello, ladies and gentlemen. Thank you for standing by for RLX Technologies Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded and is expected to last for about 40 minutes.

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

Sam Tsang

Thank you very much. Hello, everyone, and welcome to RLX Technology's second quarter 2023 earnings conference call. The company's financial and operational results were released through PR Newswire services today and have been made available online. You can also view the earnings press release by visiting the IR section of our website, ir.relxtech.com.

Participants on today's call will include our CEO, Ms. Kate Wang, our CFO; Mr. Chao Lu; and myself, Sam Tsang, Head of Capital Markets.

Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. 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 risks 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, it affiliates, advisers and representatives who do not undertake any obligation to update these forward-looking information, except as required under the 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 the call over to Ms. Kate Wang. Please go ahead.

Kate Wang

Thank you, Sam. And thanks, everyone, for making time to join our earnings conference call today.

In the second quarter, we continued to forge ahead our recovery path, made a challenging environment brought about by the lingering impact of the illegal products on the e-vapor industry. However, we worked hard to improve our product portfolio and operational efficiency. And we are happy to say that our efforts yielded positive results in both our financial and operational performance for the quarter.