Shein Global Holdings’ shares drop to record lows in Hong Kong after the company reports a sharp fall in profit in its first earnings as a public company. Bloomberg says the stock falls as much as 12.1% to a record low following a 53% plunge in first-half operating income. Other outlets report similar declines, including nearly 14% and more than 11% in separate trading accounts.
In its inaugural results, Shein reports modest revenue growth alongside weaker profitability. The South China Morning Post says second-quarter profit drops by 67% and that June-quarter profit is about US$228 million, with revenue up around 1% to about US$11 billion. Free Malaysia Today similarly highlights that first-half revenue rises roughly 1% year-on-year while operating profit halves.
Across coverage, the reporting focuses on the same core figures—small revenue gains and much larger profit deterioration—while emphasizing slightly different time frames (first half versus second quarter) and cautioning that tariff headwinds and logistics cost volatility are expected to persist for the rest of the year, according to the South China Morning Post.
