Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 197

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 2
Chunk 197
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 respectively, representing a decrease of US$46,805, or 65.96%. The decrease in sales of rapid diagnostic and other products
was less than the decrease in cost of revenue from sales of rapid diagnostic and other products during the three months ended December
31, 2024, which was mainly due to improvement of production efficiency, as discussed in “—Gross Profit (Loss)” below.

For
the three months ended December 31, 2024 and 2023, cost of revenue from sales of other agricultural products was US$2,902,427 and US$1,897,847,
respectively, representing an increase of US$1,004,580, or 52.93%. The increase in sales of other agricultural products was less than
the increase in cost of revenue from sales of other agricultural products during the three months ended December 31, 2024, which was
mainly due to lower gross margin of fresh fruits, as discussed in “—Gross Profit (Loss)” below.

For
the three months ended December 31, 2024 and 2023, cost of revenue from sales of healthy meal products was US$ nil and US$19,446, respectively,
representing a decrease of US$19,446, or 100.00%, which was due to the temporary suspension of healthy meal products business during
the three months ended December 31, 2024 as mentioned above.

Gross
Profit (Loss)

The
following table sets forth the breakdown of the gross profit (loss) for the three months ended December 31, 2024 and 2023, respectively:

    Three Months Ended December 31,  
    Variance 

    2024  
    %  
    2023  
    %  
    Amount  
    % 
  
    Rapid diagnostic and other products 
    $70,796  
     58.29% 
    $92,277  
     29.54% 
    $(21,481) 
     (23.28)%
  
    Other agricultural products 
     50,664  
     41.71% 
     228,383  
     73.13% 
     (177,719) 
     (77.82)%
  
    Healthy meal products 
     -  
     -  
     (8,342) 
     (2.67)%