10 Chinese Penny Stocks to Buy According to Analysts

7. RLX Technology Inc. (NYSE:RLX)

Share Price (As of December 17): $1.96

Analysts Upside: 37.76%

RLX Technology Inc. (NYSE:RLX) is an e-vapor company that is engaged in product development of e-cigarettes. The company is involved in the e-vapor industry, and engages in scientific research, product development, supply chain management, and offline distribution. The company’s products are mainly sold in retail stores through its distributors and customer representatives.

Considering the increasing demand for e-vapor products in the international market, RLX Technology Inc. is now implementing the same model in the global market after its success in China. The company is optimizing the global market trends in the e-vapor industry and that has helped in revenue growth. During Q3 2024, the company posted a 52% year-over-year growth in net revenues driven by international expansion.

RLX Technology Inc. (NYSE:RLX) has launched a new product line, which has received positive feedback from retailers and users. RLX Prime and RLX Bin are two of the newly launched e-vapors. The company’s new products are compliant and disposable since it is implementing national standards. The company is working on enhanced product functionality and producing cost-effective daily e-vapor products, considering the growing demand among different consumers.

Despite the tough macroeconomic circumstances, RLX Technology Inc. (NYSE:RLX) has performed well and is seeking new growth opportunities. The company plans to enter countries in the EMEA region and Central America in 2025, aiming to capture a large market segment.