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Shein’s adjusted net profit plunges 67% in first post-IPO earnings

  • Shein reported its first earnings since going public on the 28th.
  • Adjusted net profit plunged 67% year over year.
  • European revenue fell sharply amid concerns about margins and growth.

Shein (00625.HK), the Chinese fast-fashion e-commerce company, reported its first earnings since going public on the 28th. Adjusted net profit plunged 67% year over year, while European revenue fell sharply, intensifying investor concerns about margin compression and slowing growth.

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Shein’s adjusted net profit plunges 67% in first post-IPO earnings - CoinPost Terminal