SHEIN’s Revenue Rose 1.1% in Q1 This Year, Total Orders Reached 1.09 Billion

September 1 news: SHEIN officially listed on the Hong Kong Stock Exchange today, with an offering price of HK$48.56 per share, an offering market capitalization of approximately HK$206.2 billion, a latest market capitalization of HK$189.6 billion, and total raised funds exceeding HK$13.5 billion. According to its prospectus, in the first quarter of 2026, SHEIN’s net revenue was US$8.952 billion, up 1.1% from US$9 billion in the same period of 2025. Total orders rose to 1.09 billion from 970 million in the same period of 2025. In terms of profit, SHEIN recorded a net loss of US$99 million in Q1 this year (compared with a net profit of US$395 million in the same period of 2025), mainly attributable to changes in the fair value of convertible redeemable preferred shares. Gross margin has continued to improve, reaching 60.2% in 2023, 64.6% in 2024, 67.9% in 2025, and exceeding 70% in Q1 2026. This article was first published on the official website of Ebrun. [Source: Ebrun Go, an automated writing robot developed by Ebrun that delivers e-commerce industry intelligence to you via algorithms as soon as possible. This tool is still in its early stages, please contact run@ebrun.com or leave a comment to help it improve.]