Fast-fashion retailer Shein reported net income of $2.064 billion for the last fiscal year, according to a draft prospectus published by the Hong Kong Stock Exchange on Sunday.
The filing marks a significant milestone in the company's long-awaited public listing process, offering investors their first detailed look at the private giant's financial health.
The company plans to sell up to 8% of its equity in the offering, though the final size remains subject to market conditions and regulatory approval.
The disclosure comes as Shein advances toward an initial public offering on the Hong Kong market, with sources indicating a target window of September or October.
The company plans to sell up to 8% of its equity in the offering, though the final size remains subject to market conditions and regulatory approval.
This move follows previous unsuccessful attempts to list in New York and London, with Shein ultimately securing the necessary regulatory approval from Chinese authorities in July.
The profitability figures are likely to be a key focus for institutional investors assessing the valuation of the ecommerce platform.