Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 109

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 109
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 primarily a result of the decreased net income from discontinued
operation, partially offset by the decreased net loss from continuing operations, as discussed above.

Comprehensive
Income (Loss)

The
comprehensive loss was US$4,853,397 for the six months ended December 31, 2024, an increase
of US$5,277,773 from a comprehensive income of US$424,376 for the six months ended December 31,
2023. After the deduction of non-controlling interest, the comprehensive loss attributable to us was US$3,660,423 for the six
months ended December 31, 2024, as compared to a comprehensive income attributable to us
in the amount of US$1,167,709 for the six months ended December 31, 2023. The increase in
comprehensive loss was due to the increased net loss discussed above.

56

Results
of Operations for the Three Months Ended December 31, 2024 and 2023

Overview

The
following table summarizes our results of operations for the three months ended December 31, 2024 and 2023:

    Three Months Ended  December 31,  
    Variance 

    2024  
    2023  
    Amount  
    % 
  
    Revenue 
    $3,049,171  
    $2,306,902  
    $742,269  
     32.18%
  
    Cost of revenue 
     2,927,711  
     1,994,584  
     933,127  
     46.78%
  
    Gross profit 
     121,460  
     312,318  
     (190,858) 
     (61.11)%
  
    General and administrative expenses 
     2,663,623  
     5,591,910  
     (2,928,287) 
     (52.37)%
  
    Selling expenses 
     70,735  
     84,362  
     (13,627) 
     (16.15)%
  
    Research and development expenses 
     25,697  
     22,218  
     3,479  
     15.66%
  
    Loss from operations 
     (2,638,595) 
     (5,386,172)