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Lydia Singh

Research Analyst at CITI

Lydia Singh is an analyst at CITI, specializing in financial research and analysis. Her primary coverage focuses on sectors such as financial services and banking, though specific company coverage and detailed performance metrics are not publicly available. Lydia began her career in financial analysis and joined CITI as an analyst, but her prior work experience and the exact year she joined the firm are not clearly documented. Professional licensing and credentials information, such as FINRA registration or securities licenses, are not present in accessible records.

Lydia Singh's questions to RLX Technology (RLX) leadership

Question · Q3 2025

Lydia Singh asked about RLX Technology's 2026 revenue outlook for the company and industry, seeking a breakdown of Q3 international organic growth and the performance of their invested European e-vapor business. Additionally, she inquired about prioritized R&D areas for sustained growth and differentiation in a maturing e-vapor industry.

Answer

Sam Tsang, Head of Capital Markets, stated that RLX Technology is committed to selective international expansion based on regulatory clarity, with detailed plans to be shared later. He highlighted steady international revenue growth in Q3, outpacing industry averages, driven by robust organic growth in Asia-Pacific. The invested European e-vapor company maintained operational stability despite regulatory challenges, with optimism for future synergies. For R&D, Mr. Tsang emphasized enhancing core user experiences, optimizing product performance, and strengthening regional market responsiveness through localized flavor portfolios, citing a breakthrough East Asia product launch.

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Question · Q3 2025

Lydia Singh asked about RLX Technology's revenue outlook for 2026, including a breakdown of international business growth in Q3 2025, specifically organic growth and the performance of their invested European e-vapor business. She also inquired about prioritized R&D areas for sustained growth and differentiation in the maturing e-vapor industry.

Answer

Sam Tsang, Head of Capital Markets, stated that RLX Technology is committed to selective international expansion, with detailed plans to be shared later. He noted robust organic growth in the Asia-Pacific region in Q3 2025, outpacing industry averages, and confirmed the European investment maintained operational stability. Regarding R&D, Mr. Tsang highlighted a focus on enhancing core user experiences, flavor authenticity, device ergonomics, and aesthetic design, leading to a breakthrough product launch in East Asia.

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