On September 29, SHEIN-W fell 6.41% in regular trading as investors reacted to the company's first interim earnings report since its September 1 listing.

Released on September 28, the results for the six months ended June 30 revealed Q2 revenue of US$11.082 billion, up just 0.9% year-over-year, while adjusted net profit plunged 66.6% to US$228 million. Adjusted EBIT fell 64.5% to US$254 million, and operating cash flow declined 55.3% to US$813 million. The sharp profit contraction weighed heavily on sentiment despite a slight revenue increase.

The decline compounds an already challenging post-IPO trajectory. Since debuting at HK$48.56 per share, the stock has lost approximately 30% of its value. Notably, the price stabilization period ended on September 26, removing the support from Goldman Sachs, which had purchased approximately 41.99 million B-class shares at prices between HK$35.90 and HK$48.56 during the stabilization window.

SHEIN is a global online fashion and lifestyle retailer operating the SHEIN, MOTF, and SHEGLAM brands, serving approximately 291 million active customers across around 160 markets.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)