SHEIN posts quarterly loss before HK listing

SHEIN company incurred a quarterly loss of $99 million in the first quarter of 2026, compared to a net profit of $395 million in the same period of the previous year, due to a decline in sales following the removal of customs exemptions on small parcels in the United States and rising costs. The company was also negatively impacted by accounting charges of $328 million resulting from share revaluation. Additionally, changes in US customs policies affected its larger markets, with US revenues declining by 14.3%. The company expects its valuation to range between $40 billion and $50 billion for its upcoming IPO in Hong Kong, aiming to fund technology development and international expansion.

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