Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 197

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 197
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 from a comprehensive loss of US$3,976,927 for the nine
months ended March 31, 2024. After the deduction of non-controlling interest, the comprehensive loss attributable to us was US$18,736,751
for the nine months ended March 31, 2025, as compared to a comprehensive loss attributable
to us in the amount of US$2,199,618 for the nine months ended March 31, 2024. The increase
in comprehensive loss was due to the increased net loss from discontinued operations, partially offset by the decreased net loss from continuing
operations, as discussed above.

Results of Operations for the Three
Months Ended March 31, 2025 and 2024 

Overview

The following table summarizes our results of operations
for the three months ended March 31, 2025 and 2024:

    Three Months Ended  March 31,  
    Variance 

    2025  
    2024  
    Amount  
    % 
  
    Revenue 
    $40,971  
    $149,346  
    $(108,375) 
     (72.57)%
  
    Cost of revenue 
     55,082  
     78,193  
     (23,111) 
     (29.56)%
  
    Gross profit (loss) 
     (14,111) 
     71,153  
     (85,264) 
     (119.83)%
  
    General and administrative expenses 
     3,710,940  
     1,081,331  
     2,629,609  
     243.18%
  
    Selling expenses 
     20,113  
     61,216  
     (41,103) 
     (67.14)%
  
    Research and development expenses 
     15,487  
     31,895  
     (16,408) 
     (51.44)%
  
    Loss from operations 
     (3,760,651) 
     (1,103,289) 
     (2,657,362) 
     240.86%
  
    Other income, net 
     25,553  
     24,696  
     857  
     3.47%
  
    Amort