Fog Core Technology’s fourth quarter 2021 net revenue was 1.9 billion yuan, a year-on-year increase of 17.7% – yqqlm

Securities Times Network News, March 11, RLX Technology Inc. (NYSE: RLX) announced its unaudited financial results for the fourth quarter and full year of 2021. According to the financial report, Fog Core Technology’s net revenue in the fourth quarter of 2021 was RMB 1.90 billion ($300 million), an increase of 13.6% from the previous quarter and a year-on-year increase of 17.7%. Non-GAAP adjusted net profit for the fourth quarter was RMB 540 million (US$84.19 million), an increase of 18.5% sequentially and 27.9% year-on-year. Fog Core Technology‘s full-year 2021 net revenue will be RMB 8.52 billion (US$ 1.34 billion), a year-on-year increase of 123.1%. Under non-GAAP, adjusted net profit for the full year 2021 was RMB 2.25 billion (US$ 350 million), a year-on-year increase of 181.1%. (Tang Wei)