Shein Operating Profit Plunges 50% in First Half - BGNES

Shein Operating Profit Plunges 50% in First Half 28.09.2026 - 17:41 Share BGNES Chairman Sky Xu warned that tariff pressures and volatile logistics costs were likely to persist. --> Fast-fashion giant Shein reported a 50.4% fall in adjusted operating profit in the first half of 2026. Revenue rose just 1% to $20.1 billion, while net income attributable to shareholders increased from $1.1 billion to $2.3 billion. The results were Shein’s first since its Hong Kong IPO, which raised $1.7 billion and valued the company at around $26.3 billion-far below its nearly $100 billion valuation in 2022. Chairman Sky Xu warned that tariff pressures and volatile logistics costs were likely to persist, although Shein remained “cautiously optimistic”. Its shares have fallen more than 27% since the listing. | BGNES, AFP Follow us also on --> Watch and Comment news More from Economy Nvidia Approves Record $150 Billion Share Buyback 28.09.2026 - 17:43 White House Publishes Lists of Products US and China Could Subject to Lower Tariffs 28.09.2026 - 08:49 Oil prices rise after Trump rejects Iranian ceasefire proposal 28.09.2026 - 07:21 New lithium mine in UK to create more than 100 jobs 27.09.2026 - 21:58 Bulgaria among Europe’s most tax-friendly destinations but lags on foreign income treatment 27.09.2026 - 20:03 Trump calls for arms control talks with Russia and China 26.09.2026 - 13:29