Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 83

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 83
---

    24,459 

    2,903,252 

    -

    -

    2,927,711 

    Gross profit

    70,796 

    50,664 

    -

    -

    121,460 

    Gross profit %

    74.3
    %

    1.7
    %

    -

    -

    4.0
    %

The following table presents summarized
information by segment for the three months ended December 31, 2023:

    For the three months
    ended December 31, 2023

    Continuing Operations

    Discontinued Operations

    Rapid diagnostic and other

    Other agricultural

    Healthy meals

    Luobuma

    products

    products

    products

    products

    Total

    Segment revenue
     
    $
    163,995

    $
    2,131,803

    $
    11,104

    $
    -

    $
    2,306,902

    Cost of revenue and related business and sales tax

    71,718

    1,903,420

    19,446

    -

    1,994,584

    Gross profit (loss)

    92,277

    228,383

    (8,342
    )

    -

    312,318

    Gross profit (loss) %

    56.3
    %

    10.7
    %

    (75.1
    )%

    -

    13.5
    %

Total assets as of December 31, 2024
and June 30, 2024 were as follows:

    December 31, 2024  
    June 30, 2024 

    Other agricultural products 
    $82,686,839  
    $70,339,148 
  
    Rapid diagnostic and other products 
     13,052,813  
     13,750,630 
  
    Healthy meals products 
     57,656  
     89,601 
  
    Total assets 
    $95,797,308  
    $84,179,379 

    42

NOTE 20 - DISCONTINUED OPERATIONS

On May 29, 2023, Shineco Life entered
into a stock purchase agreement with Dream Partner, Wintus and certain shareholders of Dream Partner (the “