Shein reveals key financials ahead of Hong Kong IPO - BrandEquity

Business of Brands 1 min read Shein reveals key financials ahead of Hong Kong IPO Fast-fashion platform Shein reported USD 2.064 billion net income last year. Its revenue grew to USD 41.8 billion in 2025, up from prior years. This filing precedes a long-awaited initial public offering expected soon. Shein secured approval for its Hong Kong listing after other attempts failed. The company's net income saw a significant fall from the previous year. Reuters Published On Jul 27, 2026 at 12:22 PM IST Select ETBrandEquity as Preferred Choice on Google Copy Link Share on WhatsApp Share on Linkedin Share on X Share on Telegram Share on Facebook Highlights Shein's IPO expected as company reports USD 2.064B net income. Approval secured for Hong Kong listing after prior setbacks. Revenue up 8 per cent, but net income falls sharply from last year. A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de lHotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo Fast-fashion ecommerce platform Shein recorded net income of USD 2.064 billion last year, a draft company prospectus published by Hong Kong's stock exchange on Sunday showed, ahead of ‌a ⁠long-awaited ⁠IPO expected in late August or early September. Shein's filing lays the groundwork for investor roadshows ​and official bookbuilding of its global offering. Advt The retailer won approval from the China Securities Regulatory Commission ⁠for its ‌Hong Kong listing on July 10, clearing the way for ⁠a listing after failed attempts in New York and London. A fast-growing ​e-commerce giant, Shein would be the highest-profile retailer to list in years, as many consumer brands have delayed initial public offerings due ‌to weak investor sentiment and a slowdown in spending among ​lower- to ​middle-income shoppers. Shein's ⁠revenue grew 8 per cent in 2025 to USD 41.8 billion, compared to USD 38.7 billion in 2024 and USD 32.1 billion ​in 2023, the filing showed. However, its net income in 2025 is a 38.7 per cent fall from the USD 3.365 billion in 2024. Reuters Updated On Jul 27, 2026 at 12:22 PM IST --> Published On Jul 27, 2026 at 12:22 PM IST 1 min read --> See more on: fast-fashion e-commerce , Shein IPO , Shein financials , Hong Kong IPO , Shein revenue growth , Shein , new york Telegram Facebook Copy Link Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. --> All about ETBrandEquity industry right on your smartphone! Download the ETBrandEquity App and get the Realtime updates and Save your favourite articles. --> Scan to download App --> --> -->