Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 124

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 124
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    Total net loss from discontinued operations 
    $(12,529,001) 
    $(2,845,113)

Net Loss

Our net loss was US$16,611,144 for the three months
ended March 31, 2025, as compared to a net loss of US$4,368,728 for the same period in 2024.
The increase in net loss was primarily a result of the increased net loss from discontinued operations and increased net loss from continuing
operations, as discussed above.

65

Comprehensive Loss

The comprehensive loss was US$16,564,456 for the three
months ended March 31, 2025, an increase of US$12,163,153 from a comprehensive loss of US$4,401,303
for the three months ended March 31, 2024. After the deduction of non-controlling interest,
the comprehensive loss attributable to us was US$15,076,328 for the three months ended March 31,
2025, as compared to a comprehensive loss attributable to us in the amount of US$3,367,327 for the three months ended March
31, 2024. The increase in comprehensive loss was due to the increased net loss from discontinued operations and increased net loss
from continuing operations, as discussed above.

Treasury Policies

We have established treasury policies with the objectives
of achieving effective control of treasury operations and of lowering cost of funds. Therefore, funding for all operations and foreign
exchange exposure have been centrally reviewed and monitored from the top level. To manage our exposure to fluctuations in exchange rates
and interest rates on specific transactions and foreign currency borrowings, currency structured instruments and other appropriate financial
instruments will be used to hedge material exposure, if any.

Our policy precludes us from entering into any derivative
contracts purely for speculative activities. Through our treasury policies, we aim to:

(a) Minimize interest risk

This is accomplished by loan re-financing and negotiation.
We will continue to closely monitor the total loan portfolio and compare the loan margin spread under our existing agreements against
the current borrowing interest rates under different currencies and new offers from banks.

(b) Minimize currency risk

In view of the current volatile currency market, we
will closely monitor the foreign currency borrowings at the company level. As of March 31, 2025
and June 30, 2024, except the above-mentioned convertible note, we did not