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RLX TECHNOLOGY INC.

(RLX)
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RLX Technology Upgrades Minor Protection System Sunflower to Make the Age Verification Mandatory

09/09/2021 | 12:07am EDT

RLX Technology announced the latest upgrade of its minor protection system Sunflower System in its recent event held on 2nd September in Yanji, China. By using the newest system combining big data risk management and artificial intelligence, age verification process will become mandatory in RELX-branded store in China. RLX exclusively sells its products in mainland China. The latest version--Sunflower System 3.0 will be installed in the in-store point-of-sale machine, which means any customers intended to make a purchase, will need to verify their ID, name and face before the system can generate orders. Therefore, age verification becomes mandatory in stores as the customers and the store staffs cannot generate the purchase order before the procedure is done. The latest system will be installed in all RELX-branded stores in China by 1st October. RLX, which only sells RELX products in China, is also willing to open its system for the entire industry to adopt in the future. With the previous version, Sunflower System 2.0 adopted ID and facial recognition technologies to ensure that only adults can purchase products in its stores. Any person not able to show legal, valid identification that proves they are an adult will be asked to leave the RELX store.


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Financials
Sales 2021 10 122 M 1 582 M 1 582 M
Net income 2021 2 629 M 411 M 411 M
Net Debt 2021 - - -
P/E ratio 2021 21,6x
Yield 2021 -
Capitalization 48 437 M 7 577 M 7 571 M
Capi. / Sales 2021 4,79x
Capi. / Sales 2022 3,10x
Nbr of Employees 725
Free-Float 36,9%
Chart RLX TECHNOLOGY INC.
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RLX Technology Inc. Technical Analysis Chart | RLX | US74969N1037 | MarketScreener
Technical analysis trends RLX TECHNOLOGY INC.
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Mean consensus BUY
Number of Analysts 3
Last Close Price 35,99 CNY
Average target price 128,59 CNY
Spread / Average Target 257%
EPS Revisions
Managers and Directors
Ying Wang Chairman & Chief Executive Officer
Chao Lu Chief Financial Officer
Zhenjing Zhu Independent Director
You Min Xi Independent Director
Long Jiang Director
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