Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 120

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 120
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     (409) 
     (69.09)%
  
    Total Amount 
    $55,082  
     100.00% 
    $78,193  
     100.00% 
    $(23,111) 
     (29.56)%

For the three months ended March
31, 2025 and 2024, cost of revenue from sales of rapid diagnostic and other products was US$54,899 and US$53,878, respectively,
representing an increase of US$1,021, or 1.90%. The increase was mainly due to the increased stock written off as
we wrote off certain damaged inventories, which was partially offset by the decline in orders we received from our customers during
the three months ended March 31, 2025.

For the three months ended March
31, 2025 and 2024, cost of revenue from sales of healthy meal products was US$ nil and US$23,723, respectively, representing a
decrease of US$23,723, or 100.00%, which was due to the temporary suspension of healthy meal products business during the three months
ended March 31, 2025 as mentioned above.

Gross Profit (Loss)

The following table sets forth the breakdown of the
gross profit (loss) for the three months ended March 31, 2025 and 2024, respectively:

    Three Months Ended March 31,  
    Variance 

    2025  
    %  
    2024  
    %  
    Amount  
    % 
  
    Rapid diagnostic and other products 
    $(14,111) 
     100.00% 
    $88,345  
     124.16% 
    $(102,456) 
     (115.97)%
  
    Healthy meal products 
     -  
     -  
     (17,192) 
     (24.16)% 
     17,192  
     (100.00)%
  
    Total Amount 
    $(14,111) 
     100.00% 
    $71,153  
     100.00% 
    $(85,264) 
     (119.83)%

Gross profit from sales of rapid diagnostic and other
products decreased by US$102,456, or 115.97%, for