RLX Cash Conversion Ratio

RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share · Cash Conversion Ratio

RLX Cash Conversion Ratio

Current (TTM)0.43×retrievedOct 20, 2026

RLX Cash Conversion Ratio (4.79× → 0.43×)

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RLX cash conversion ratio history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share Cash Conversion Ratio — Annual fiscal periods

Period ending	Cash Conversion Ratio
Dec 31, 2025	1.0993×
Dec 31, 2024	1.526×
Dec 31, 2023	0.3112×
Dec 31, 2022	0.311×
Dec 31, 2021	0.8204×
Dec 31, 2020	-20.0774×
Dec 31, 2019	5.1464×
Dec 31, 2018	4.7875×