Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 2

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
404) 
     (218,163)
  
    Total Stockholders’ equity of Shineco, Inc. 
     33,111,482  
     26,000,933 
  
    Non-controlling interest 
     9,383,788  
     10,576,762 
  
    TOTAL EQUITY 
     42,495,270  
     36,577,695 

    TOTAL LIABILITIES AND EQUITY 
    $95,797,308  
    $84,179,379 

*Retrospectively restated for effect of the Reverse Stock Split on November 12, 2024.

The accompanying notes are an integral part of these unaudited
condensed consolidated financial statements.

1

SHINECO, INC. 

UNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF INCOME (LOSS) AND

COMPREHENSIVE INCOME (LOSS) 

    2024  
    2023  
    2024  
    2023 

    For the Six Months Ended December 31,  
    For the Three Months Ended December 31, 

    2024  
    2023  
    2024  
    2023 

    REVENUE 
    $5,223,456  
    $3,952,759  
    $3,049,171  
    $2,306,902 

    COST OF REVENUE 

    Cost of products 
     4,808,100  
     3,534,177  
     2,926,581  
     1,988,252 
  
    Business and sales related tax 
     2,055  
     7,309  
     1,130  
     6,332 
  
    Total cost of revenue 
     4,810,155  
     3,541,486  
     2,927,711  
     1,994,584 

    GROSS PROFIT 
     413,301  
     411,273  
     121,460  
     312,318 

    OPERATING EXPENSES 

    General and administrative expenses 
     5,300,198  
     8,851,375  
     2,