Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 111

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 111
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459,572  
     100.00% 
    $(200,532) 
     (43.63)%

For the nine
months ended March 31, 2025 and 2024, revenue from sales of rapid diagnostic and other products was US$258,091 and US$441,927,
respectively, representing a decrease of US$183,836, or 41.60%. The decrease was mainly due to a decline in orders we received from our
customers during the nine months ended March 31, 2025.

For the nine
months ended March 31, 2025 and 2024, revenue from sales of healthy meal products was US$949 and US$17,645, respectively, representing
a decrease of US$16,696, or 94.62%. Due to the low market acceptance and high store maintenance cost, we incurred substantial losses in
this business segment. Therefore, the management decided to temporarily suspend healthy meal products business, and revenue from sales
of healthy meal products decreased during the nine months ended March 31, 2025.

Cost of Revenue and Related Tax

The following table sets forth the breakdown of the
cost of revenue for the nine months ended March 31, 2025 and 2024, respectively:

    Nine Months Ended March 31,  
    Variance 

    2025  
    %  
    2024  
    %  
    Amount  
    % 
  
    Rapid diagnostic and other products 
    $135,603  
     99.19% 
    $168,023  
     78.84% 
    $(32,420) 
     (19.29)%
  
    Healthy meal products 
     249  
     0.18% 
     43,169  
     20.25% 
     (42,920) 
     (99.42)%
  
    Business and sales related tax 
     855  
     0.63% 
     1,941  
     0.91% 
     (1,086) 
     (55.95)%
  
    Total Amount 
    $136,707  
     100.00% 
    $213,133  
     100.00% 
    $(76,426) 
     (35.86)%

For the nine
months ended