RLX Technology Inc. (NYSE:RLX) Q1 2024 Earnings Call Transcript May 17, 2024 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 Technology Inc.'s First Quarter 2024 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 RLX Technology's first quarter 2024 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.relxtech.com.

Participants on today's call will include our Chief Executive Officer, Ms. Kate Wang; our Chief Financial Officer, 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 is affiliated advisers and representatives do not undertake any obligations to update this forward-looking information except as required under the applicable law.

Please note that RLX Technologies 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. I will begin with an overview of our international initiatives followed by a discussion of illicit products impact on our business before I hand it over to our CFO for a review of our financials.