Shein Swings to $99 Million Q1 Loss on $9.05 Billion Revenue in Hong Kong IPO Prospectus

businesscompany-earnings 4 posts · 4 accounts

Shein’s prospectus for a Hong Kong listing shows a first-quarter loss of $99 million on revenue of $9.05 billion, swinging from a $395 million profit in the same quarter a year earlier.

Revenue grew 1 percent year over year. The filing notes the swing to a loss was partly driven by the United States removing the de minimis tariff exemption.

From the sources (4 posts)

@reutersasia

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@techmeme

Shein's IPO prospectus shows Q1 revenue of $9.05B, up 1% YoY, as it swings from $395M profit in Q1 2025 to $99M loss partly due to US' "de minimis" rule removal (Reuters) (Visit Techmeme dot com for the link and full context!)

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