In the fourth quarter of 2025, the proportion of international business rose to 76.5%. Wuxin Technology's net revenue in 2025 increased by 44%.

On March 13, WuXin Technology (NYSE: RLX) announced its unaudited financial results for the fourth quarter and full year of 2025. The financial report shows that WuXin Technology’s net revenue for the fourth quarter of 2025 was RMB 1.1413 billion (USD 163.2 million), a year-over-year increase of 40.3%; under non-GAAP measures, adjusted net profit for the quarter was RMB 323 million (USD 46.19 million), up 27.6% year-over-year. The full-year net revenue for 2025 was RMB 3.9589 billion (USD 566.1 million), a 44.0% increase compared to the previous year.

WuXin Technology’s founder, Chairman, and CEO Wang Ying stated that in 2025, the company achieved significant and high-quality growth, with strong performance in the fourth quarter bringing the year to a successful close. Over the past year, the company continued to advance its globalization strategy, with international business maintaining rapid growth, becoming the core driver of overall company growth. Meanwhile, ongoing regulatory strengthening in Mainland China improved the competitive environment for compliant companies, leading to a mild recovery in the company’s Mainland China operations. By deeply integrating organic growth with strategic investments, the company is building a more robust and sustainable global business system.

WuXin Technology’s CFO Lu Chao said that the performance in 2025 fully demonstrates the resilience and scalability of the company’s global business model. Revenue growth mainly came from the continuous expansion of international business, the synergistic effects of strategic overseas investments, and a mild recovery in Mainland China operations. Among these, international business has become the main source of growth, with revenue from international markets accounting for 76.5% of total revenue in Q4 2025, significantly optimizing the overall revenue structure and profitability quality. The strong revenue growth, combined with strict optimization of the revenue structure, generated notable operating leverage, driving a 110.2% increase in non-GAAP operating profit for 2025.

WuXin Technology’s net revenue for Q4 2025 was RMB 1.1413 billion (USD 163.2 million), a 1.1% increase quarter-over-quarter and a 40.3% increase year-over-year, mainly driven by the company’s international expansion and contributions from new overseas investment entities. In Q4 2025, gross margin was 31.4%, up 4.4 percentage points year-over-year. Under non-GAAP measures, adjusted operating profit for Q4 2025 was RMB 158.1 million (USD 22.61 million), and adjusted net profit was RMB 323 million (USD 46.19 million).

As of December 31, 2025, WuXin Technology held a total of RMB 15.7321 billion (USD 2.2497 billion) in cash and cash equivalents, restricted cash, short-term bank deposits, short-term investments, long-term bank deposits, and long-term investment securities.

WuXin Technology’s full-year gross margin for 2025 was 29.9%, up 3.5 percentage points year-over-year. Under non-GAAP measures, full-year adjusted operating profit was RMB 569.9 million (USD 81.49 million), and adjusted net profit was RMB 1.1623 billion (USD 166.2 million).

In terms of shareholder returns, as of December 31, 2025, the company had repurchased a total of 170 million American Depositary Shares (ADS), amounting to approximately USD 330 million. As of March 12, 2026, the company had returned about USD 171 million to shareholders through cash dividend plans.

As of the time of reporting, WuXin Technology’s pre-market stock price increased by 1.76%.