Fast-fashion group Shein reports 50% drop in operating profit in H1 - TradingView
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The fast-fashion platform Shein announced on Monday that its operating profit, or adjusted earnings before interest and taxes (adjusted EBIT), fell by 50.4% in the first half of this year year-on-year. It amounted to 538 million dollars in the first half, compared to 1.085 billion dollars in the same period of 2025. Over the same period, net profit more than doubled (+111.7%) to 2.299 billion dollars compared to 1.086 billion dollars in the first half of 2025, according to company figures which did not immediately provide further details. "We expect the environment to remain uncertain in the second half of 2026, given the headwinds related to tariffs and persistent volatility in logistics costs," said Shein Chairman Sky Xu in documents filed with the Hong Kong Stock Exchange. The group nevertheless remains "cautiously optimistic" for the rest of the year, he added. Over the same period, revenue increased by 1% to 20.134 billion dollars. The company had a mixed start on the Hong Kong Stock Exchange after raising 1.7 billion dollars in a highly publicized IPO, but its share price has since fallen by more than 27%.
