Fog Core Technology (RLX.US) announced unaudited results for the first quarter of 2024. Financial reports showed that the company's net revenue for the first quarter was RMB 551.6 million (US$76.4 million), compared to RMB 188.9 million for the same period in 2023. Under non-US GAAP, the first quarter of 2024 was RMB 207.5 million (US$28.7 million), compared to RMB 183.6 million for the same period in 2023.
As of March 31, 2024, the Company had cash and cash equivalents, restricted cash, short-term bank deposits, net, short-term investments, net, long-term bank deposits, net and long-term investment securities, with a net amount of RMB 14.681.4 billion (US$2,0333 million).