Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 116

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 116
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 the Tenet-Jove Disposal Group and Wintus are reclassified as discontinued
operations on the Company’s unaudited condensed consolidated financial statements. We had a total net income (loss) from discontinued
operations of US$(15,874,674) and US$4,531,193 for the nine months ended March 31, 2025 and
2024, respectively.

The summarized operating results of our discontinued
operations included in our unaudited condensed consolidated statement of loss and comprehensive loss is as follows:

    Nine Months Ended March 31, 

    2025  
    2024 
  
    Revenue 
    $7,633,705  
    $4,849,026 
  
    Cost of revenue 
     7,303,612  
     4,492,269 
  
    Gross profit 
     330,093  
     356,757 
  
    Operating expenses 
     8,679,608  
     4,807,689 
  
    Other expenses, net 
     (8,175,947) 
     (229,970)
  
    Loss before income tax 
     (16,525,462) 
     (4,680,902)
  
    Benefit for income taxes 
     (650,788) 
     (307,393)
  
    Net loss from discontinued operations 
    $(15,874,674) 
    $(4,373,509)
  
    Income on disposal of discontinued operations 
     -  
     8,904,702 
  
    Total net income (loss) from discontinued operations 
    $(15,874,674) 
    $4,531,193 

Net Loss

Our net loss was US$21,458,955 for the nine
months ended March 31, 2025, as compared to a net loss of US$4,082,707 for the same period in 2024. The increase in net loss was
primarily a result of the increased net loss from discontinued operation, partially offset by the decreased net loss from continuing operations,
as discussed above.

Comprehensive Loss

The comprehensive loss was US$21,417,853 for the nine
months ended March 31, 2025, an increase of US$17,440,926 from a comprehensive loss of US$3,976,927 for the nine
months ended March 31, 2024.