Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 104

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 104
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 six months ended December 31, 2024 as mentioned above.

For
the six months ended December 31, 2024 and 2023, cost of revenue from sales of healthy meal products was US$249 and US$19,446, respectively,
representing a decrease of US$19,197, or 98.72%, which was due to the temporary suspension of healthy meal products business during the
six 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 six months ended December 31, 2024 and 2023, respectively:

    Six Months Ended December 31,  
    Variance 

    2024  
    %  
    2023  
    %  
    Amount  
    % 
  
    Rapid diagnostic and other products 
    $135,744  
     32.84% 
    $183,628  
     44.65% 
    $(47,884) 
     (26.08)%
  
    Other agricultural products 
     276,857  
     66.99% 
     235,987  
     57.38% 
     40,870  
     17.32%
  
    Healthy meal products 
     700  
     0.17% 
     (8,342) 
     (2.03)% 
     9,042  
     (108.39)%
  
    Total Amount 
    $413,301  
     100.00% 
    $411,273  
     100.00% 
    $2,028  
     0.49%

53

Gross
profit from sales of rapid diagnostic and other products decreased by US$47,884, or 26.08%, for the six months ended December 31, 2024
as compared to the same period in 2023. The decrease in gross profit was due to the decrease in sales during the six months ended December
31, 2024.

Gross
profit from sales of other agricultural products increased by US$40,870, or 17.32%, for the six months ended December 31, 2024 as compared
to the same period in 2023. The increase in gross profit was mainly due to the increase