RLX Technology Inc. (NYSE:RLX) Q4 2023 Earnings Call Transcript March 15, 2024 8:00 AM ET

China Renaissance

Sam Tsang - Head of Capital Markets

Chao Lu - CFO

Conference Call Participants

Peihang Lyu - CICC

Lydia Ling - Citi

Eileen Lin - China Renaissance

Operator

Hello, ladies and gentlemen, thank you for standing by for RLX Technology Inc.'s Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After management's remarks, there will be a question and answer session. 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 the RLX Technologies Incorporation's fourth quarter and full year 2023 earnings conference call. The company's financial and operational results were released through PR Newswire 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.relxtech.com. Participants on today's call will include our CFO, Mr. Chao Lu, and myself.

Before we continue, please note that today's discussions will contain forward-looking statements made under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statements typically contains words such as may, will, expect, targets, estimates, intent, belief, 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, its affiliates, advisors, and representatives do not undertake any obligation to update this forward 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 our CFO, Mr. Chao Lu. Please go ahead.

Chao Lu

Thank you, Sam, and thanks, everyone, for making time to join our earnings conference call today. 2023 was a transformative year for RLX. Despite external challenges, our outstanding product portfolio and strong strategic execution propelled an impressive recovery throughout the year, setting the stage for new ventures. I will begin with an update on our domestic operations before devolving into our international endeavors, followed by a review of our financial performance.