SHEIN-W falls more than 13%, with interim adjusted net profit down year on year by 55.6%
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SHEIN-W falls more than 13%, with first-half adjusted net profit down year on year by 55.6%。
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SHEIN-W falls more than 13%, with weak interim results
BlockBeats news,September 29, according to Bitget market data, SHEIN-W fell more than 13%, with the share price at 30.6 HKD.
SHEIN-W (SHEIN, Hong Kong stock code 00625) announced its first unaudited interim results since listing after market close on September 28, with first-half net revenue of 20100000000 USD, up only 1%year on year; total orders were 549000000 orders, up 6.4%year on year. Reported net profit rose sharply due to non-operating items such as changes in the fair value of convertible preferred shares, but adjusted net profit, which better reflects the core business, was 499000000 USD, down 55.6%year on year, accounting for only 2.5%of net revenue. Operating profit fell 52.9%year on year. Second-quarter adjusted net profit fell even more sharply, down 66.6%year on year to 228000000 USD, while the profit margin narrowed from 6.2%in the same period last year to 2.1%.
Original link https://m.theblockbeats.info/flash/369460
Key points
01
BlockBeats reported that September 29 SHEIN-W fell more than 13%, with the share price at 30.6 HKD.
02
SHEIN-W announced its first unaudited interim results since listing after market close on September 28.
03
First-half net revenue was 20100000000 USD, up 1%year on year; total orders were 549000000 orders, up 6.4%。
04
First-half adjusted net profit was 499000000 USD, down 55.6%year on year; operating profit fell 52.9%。
05
Second-quarter adjusted net profit fell 66.6%year on year to 228000000 USD, while the profit margin narrowed from 6.2%to 2.1%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Revenue and orders continued to grow, but adjusted net profit, operating profit, and profit margin all declined year on year. Adjusted net profit is used to better reflect core business performance.
Why it matters to readers
This shows that the company's core business profitability in the first half was lower than in the same period last year, while its share price saw a marked intraday decline.
When assessing the company's performance, do not look only at revenue and orders; also consider whether profit and profit margin are improving in tandem.
Risks and unknowns
The report did not provide the original company interim results announcement.
The results are unaudited, and the relevant financial data remains subject to the disclosures of the company or the exchange.
The intraday price and decline may change with trading.
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adjusted net profit
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