Online first fashion retailer Shein's profits fell by more than a third last year, with the London Stock Exchange's planned list, Financial Times reported on sunday.
Net profit fell almost 40% from $1 billion in 2024, the report said it cites two people who know the issue.
Shein's full-year sales rose 19% to $38 billion, the report said, adding that the figures came from internal forecasts before the final account.
The company has not published profit guidance, but its 2024 figures were far lower than net profit of $4.8 billion, far lower than its $45 billion forecast for 2024, the report states. added, quoting the presentation he saw.
Shein did not immediately respond to requests for comment.
Reuters reported this month that Shane was set up. Reduce that rating London's planned initial public offering (IPO) is roughly $50 billion from almost quarter. Bloomberg reported Last week, Shane was under pressure to cut her low valuation of $30 billion.
The Financial Times also includes the London listings. It's postponed Later in the year after President Donald Trump ended the tax exemptions that Sheen enjoyed and potentially pushing US prices.
