RLX Technology Inc. (RLX) Return on equity 2020–2025
RLX Technology Inc. (RLX) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
5.9%FY2025 · since FY2020: -8.5% → 5.9%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 5.9% | +2.4 pp |
| FY2024 | 3.5% | +0.0 pp |
| FY2023 | 3.4% | -5.8 pp |
| FY2022 | 9.3% | -5.7 pp |
| FY2021 | 15.0% | +23.5 pp |
| FY2020 | -8.5% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice