Shenzhen News Network, March 14, 2025 (Reporter: Dong Fei) On March 14, RELX Technology Inc., headquartered in Bao'an, Shenzhen, announced its unaudited financial results for the fourth quarter and full year of 2024.
The financial report shows that RELX Technology's net revenue in the fourth quarter of 2024 was 810 million yuan (110 million US dollars), a 7.6% increase from the previous quarter and a 56.3% increase year - on - year. Under non - GAAP (Generally Accepted Accounting Principles), the adjusted net profit in the fourth quarter was 250 million yuan (34.46 million US dollars). The full - year net revenue in 2024 was 2.75 billion yuan (380 million US dollars), a 73.3% increase year - on - year. Under non - GAAP, the full - year adjusted net profit was 930 million yuan (130 million US dollars).
Wang Ying, the founder, chairperson, and CEO of RELX Technology, said that 2024 was a milestone year for the company. The company made significant progress in global operations. We comprehensively upgraded our organizational structure and optimized our business strategy to meet the increasingly diverse and dynamic needs of the international market, and launched a number of innovative products that were highly recognized in the international market. These efforts have driven performance growth and also consolidated the company's leading position in multiple global markets. Looking ahead to 2025, we will continue to deeply cultivate compliant markets, focus on the refined operation of sales channels and the diversification of the product matrix, provide high - quality products for adult smokers, actively respond to industry changes, seize new opportunities, and practice long - termism.
Lu Chao, the CFO of RELX Technology, said that in 2024, we achieved remarkable results in global market expansion, with the full - year revenue increasing by 73.3% year - on - year to 2.75 billion yuan. Among them, the operating profit under non - GAAP in the fourth quarter reached 110 million yuan, achieving four consecutive quarters of quarter - on - quarter growth and driving the company to achieve a full - year profit in 2024. In the future, we will continue to implement the share repurchase plan and cash dividends to reward shareholders, continue to promote sustainable profit growth, and create greater value for shareholders.
RELX Technology's net revenue in the fourth quarter of 2024 was 810 million yuan (110 million US dollars), a 7.6% increase from the previous quarter and a 56.3% increase year - on - year. The year - on - year growth was mainly due to the expansion of international business.
The gross profit in the fourth quarter of 2024 was 220 million yuan (30.13 million US dollars), with a gross profit margin of 27.0%, a 3.3 - percentage - point increase year - on - year. Under non - GAAP, the adjusted net profit in the fourth quarter of 2024 was 250 million yuan (34.46 million US dollars).
As of December 31, 2024, RELX Technology had a total of 15.87 billion yuan (2.17 billion US dollars) in cash and cash equivalents, restricted cash, short - term bank deposits, short - term investments, long - term bank deposits, and long - term investment securities.
RELX Technology's net revenue in 2024 was 2.75 billion yuan (380 million US dollars), a 73.3% increase year - on - year. The main reason for the year - on - year growth was the expansion of international business.
The full - year gross profit was 730 million yuan (100 million US dollars); the gross profit margin was 26.4%, a 2 - percentage - point increase year - on - year. Under non - GAAP, the full - year adjusted net profit was 930 million yuan (130 million US dollars).
In terms of shareholder returns, RELX Technology repurchased a total of 109 million US dollars in 2024 and distributed dividends of 14 million US dollars. As of December 31, 2024, the company had repurchased a cumulative 305 million US dollars and distributed cumulative dividends of 27 million US dollars.
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