Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 195

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 2
Chunk 195
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disorders; this segment is conducted through Fuzhou Meida.

The
following table sets forth the breakdown of our revenue 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 
    $95,255  
     3.12% 
    $163,995  
     7.11% 
    $(68,740) 
     (41.92)%
  
    Other agricultural products 
     2,953,916  
     96.88% 
     2,131,803  
     92.41% 
     822,113  
     38.56%
  
    Healthy meal products 
     -  
     -  
     11,104  
     0.48% 
     (11,104) 
     (100.00)%
  
    Total Amount 
    $3,049,171  
     100.00% 
    $2,306,902  
     100.00% 
    $742,269  
     32.18%

For
the three months ended December 31, 2024 and 2023, revenue from sales of rapid diagnostic and other products was US$95,255 and US$163,995,
respectively, representing a decrease of US$68,740, or 41.92%. The decrease was mainly due to a decline in orders we received from our
customers during the three months ended December 31, 2024.

57

For
the three months ended December 31, 2024 and 2023, revenue from sales of other agricultural products was US$2,953,916 and US$2,131,803,
respectively, representing an increase of US$822,113, or 38.56%. The increase was due to increased sales of fresh fruits during the three
months ended December 31, 2024. During the three months ended December 31, 2023, we were in the process of obtaining relevant approvals
from customs authority, hence, we were unable to import fresh fruits from overseas. After gaining the approvals, we started to import
fresh fruits from overseas