Shein falls 14% to record low after profit misses in first results since IPO

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  "detected_at": "2026-09-29T03:53:21+00:00",
  "company": {
    "name": "Shein",
    "domain": "shein.com"
  },
  "data": {
    "url": "https://www.scmp.com/tech/article/3369136/shein-drops-14-record-low-after-profit-misses-first-results-hong-kong-ipo",
    "title": "Shein falls 14% to record low after profit misses in first results since IPO - South China Morning Post",
    "excerpt": "Revenue growth stalls and margins narrow as higher tariffs and freight costs weigh on online fashion retailer The stock sank to as low as HK$30.24 during the day and closed 10.7 per cent down at HK$31.50. Both the intraday and closing prices hit their lowest levels since the company’s debut on the Hong Kong stock exchange on September 1. Shein said in an unaudited filing on Monday that profit for the June quarter slumped to US$228 million, while revenue edged up 1 per cent to US$11 billion. Revenue from Europe and the United States, its largest markets, dropped 14 per cent and 6 per cent, respectively.",
    "summary": "Shein reported revenue of US$11 billion for the June quarter, an increase of 1 percent.",
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    "confidence": 0.9,
    "published_at": "2026-09-29T03:53:21Z",
    "article_sentence": "Shein said in an unaudited filing on Monday that profit for the June quarter slumped to US$228 million, while revenue edged up 1 per cent to US$11 billion.",
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