Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 112

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 112
---
 March 31, 2025 and 2024, cost of revenue from sales of rapid diagnostic and other products was US$135,603 and US$168,023,
respectively, representing a decrease of US$32,420, or 19.29%. The decrease was mainly due to a decline in orders we received from our
customers, which was partially offset by the increased stock written off as we wrote off certain
damaged inventories during the nine months ended March 31, 2025.

59

For the nine
months ended March 31, 2025 and 2024, cost of revenue from sales of healthy meal products was US$249 and US$43,169, respectively,
representing a decrease of US$42,920, or 99.42%, which was due to the temporary suspension of healthy meal products business during the
nine months ended March 31, 2025 as mentioned above.

Gross Profit (Loss)

The following table sets forth the breakdown of the
gross profit (loss) 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 
    $121,633  
     99.43% 
    $271,973  
     110.36% 
    $(150,340) 
     (55.28)%
  
    Healthy meal products 
     700  
     0.57% 
     (25,534) 
     (10.36)% 
     26,234  
     (102.74)%
  
    Total Amount 
    $122,333  
     100.00% 
    $246,439  
     100.00% 
    $(124,106) 
     (50.36)%

Gross profit from sales of rapid diagnostic and other
products decreased by US$150,340, or 55.28%, for the nine months ended March 31, 2025 as
compared to the same period in 2024. The decrease in gross profit was due to the decrease in sales, which was partially offset by the
increased stock written off as mentioned above during the nine months ended March 31,