Company research
SHINECO, INC.
CIK 1300734Updated Sep 26, 2026
SecuritySISI · OTC · equity
Name history
SupCor, Inc. · through Aug 8, 2005Supcor, Inc. · through Aug 8, 2005SUPCOR, INC. · through Aug 8, 2005
SISI price & chart
Loading TradingView…
OTC:SISI on TradingView ↗About the company
Shineco is a holding company incorporated in Delaware. As a holding company with operations of its own, Shineco conducts its operations through its subsidiaries and, prior to the termination of VIE structure in September 2023, also through the former VIEs. The Company did not have any equity ownership of the former VIEs, instead it received the economic benefits of the former VIEs’ business operations through certain contractual arrangements. Shares of common stock currently listed on the Nasdaq Capital Markets are shares of our Delaware holding company. The Chinese regulatory authorities could disallow our structure, which could result in a material change in our operations and the value of our securities could decline or become worthless.
Financials
FY 2024 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 84,179,379Source | 63,469,139Source | 63,826,017Source | 61,318,599Source |
| Property, Plant and Equipment, NetUSD | 6,279,759Source | 1,213,116Source | 1,375,472Source | 2,253,944Source |
| GoodwillUSD | 13,190,284Source | 6,574,743Source | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | — | 1,142,794Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 366,140Source | 625,966Source | 15,165,231Source | 16,342,911Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,215,114Source | 34,586Source | 1,821,554Source | 2,686,671Source |
| Inventory, NetUSD | 1,588,525Source | 324,406Source | 18,718,524Source | 1,323,391Source |
| Assets, CurrentUSD | 20,903,961Source | 40,923,743Source | 59,735,425Source | 49,278,577Source |
| Operating Lease, Right-of-Use AssetUSD | 146,035Source | 132,366Source | 2,088,149Source | 3,585,703Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 47,601,684Source | 26,616,093Source | 30,513,129Source | 15,940,393Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 7,973Source | 26,393Source | 10,984Source | 7,881Source |
| Additional Paid in CapitalUSD | 69,469,164Source | 68,847,563Source | 52,998,924Source | 41,105,806Source |
| Retained Earnings (Accumulated Deficit)USD | -54,336,629Source | -31,735,422Source | -18,372,023Source | 8,661,071Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -218,163Source | -4,992,381Source | -2,100,756Source | -731,805Source |
| Stockholders' Equity Attributable to ParentUSD | 26,000,933Source | 32,561,898Source | 33,711,236Source | 44,705,857Source |
| Liabilities and EquityUSD | 84,179,379Source | 63,469,139Source | 63,826,017Source | 61,318,599Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 27,562,855Source | 23,346,151Source | 29,040,302Source | 14,795,390Source |
| Operating Lease, Liability, CurrentUSD | 272,787Source | 86,978Source | 959,909Source | 434,411Source |
| Accounts Payable, CurrentUSD | 812,914Source | 191,148Source | 1,547Source | 76,584Source |
| Operating Lease, Liability, NoncurrentUSD | — | 44,469Source | 1,025,967Source | 352,863Source |
| Deferred Income Tax Liabilities, NetUSD | 9,835,306Source | 1,416,592Source | — | 285,699Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 10,576,762Source | 4,291,148Source | -398,348Source | 672,349Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 1,215,114Source | 2,313,410Source | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 632,959Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,080,159Source | — | — | — |
| Short-term InvestmentsUSD | 39,966Source | 37,015Source | 164,261Source | — |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -24,352,735Source | -13,956,031Source | -27,067,139Source | -32,056,433Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 4,990,100Source | 663,159Source | 554,368Source | 697,093Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -10,519,013Source | -186,647Source | 834,891Source | 2,833,647Source |
| Increase (Decrease) in InventoriesUSD | -516,971Source | -474,096Source | 1,645,742Source | 4,605,123Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | -37,668Source |
| Deferred Income Tax Expense (Benefit)USD | -771,676Source | -194,564Source | -285,812Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -3,930,251Source | -5,390,594Source | -5,712,562Source | -14,649,557Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 112,070Source | 112,070Source | 112,070Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -20,979,924Source | 1,033,474Source | -36,016,193Source | 1,262,305Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 264,800Source | 18,846Source | 309,456Source | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 11,003,546Source | 4,481,368Source | 28,412,235Source | 7,235,931Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -13,771,723Source | -998,472Source | -13,859,163Source | -3,346,978Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 395,036Source | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 665,105Source | 31,059Source | — | 115,806Source |
| Income Taxes Paid, NetUSD | — | — | — | 668,477Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 134,906Source | -1,122,720Source | -542,643Source | 2,804,343Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 655,751Source | — | 1,379,777Source | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 655,751Source | 803,355Source | — | — |
| Amortization of Intangible AssetsUSD | 1,268,365Source | 634,183Source | — | — |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | 8,904,702Source | — | -2,433,395Source | -10,616,988Source |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | — | 10,616,988Source |
| Gain (Loss) on Disposition of AssetsUSD | -27,111Source | -166Source | -7,980Source | -142,982Source |
| Gain (Loss) on InvestmentsUSD | — | — | -132,554Source | — |
| General and Administrative ExpenseUSD | 17,522,624Source | 8,610,592Source | 20,216,802Source | 17,131,400Source |
| GoodwillUSD | 13,190,284Source | 6,574,743Source | — | — |
| Goodwill, Impairment LossUSD | 14,824,819Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | 1,140,551Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 33,207,982Source | -10,711,168Source | -24,633,744Source | -21,439,445Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -33,207,982Source | -10,711,168Source | -24,633,744Source | -21,439,445Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 8,855,247Source | -3,244,863Source | -2,433,395Source | -10,616,988Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 8,856,042Source | -3,236,495Source | -2,433,395Source | -10,038,088Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | -20,876Source | -132,554Source | -3,784,000Source |
| Income Tax Expense (Benefit)USD | -758,902Source | -194,564Source | -292,266Source | — |
| Inventory Write-downUSD | — | 803,186Source | 1,574,241Source | 3,942,784Source |
| Net Income (Loss) Attributable to ParentUSD | -22,449,017Source | -13,363,399Source | -27,033,094Source | -31,445,447Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -1,903,718Source | -592,632Source | -34,045Source | -610,986Source |
| Nonoperating Income (Expense)USD | -16,901,013Source | -2,148,089Source | -1,914,797Source | -26,510Source |
| Operating ExpensesUSD | 17,948,039Source | 8,883,828Source | 21,400,550Source | 17,176,784Source |
| Operating Lease, Impairment LossUSD | — | — | 2,268,344Source | — |
| Other Nonoperating Income (Expense)USD | 222,910Source | 181,471Source | — | — |
| Payments to Acquire InvestmentsUSD | — | — | 12,669,913Source | — |
| Proceeds from Issuance of Common StockUSD | 2,198,362Source | 4,844,007Source | 9,681,171Source | 5,206,423Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 9,801,856Source | 550,476Source | 2,186,460Source | 3,021,704Source |
| Cost of RevenueUSD | 8,905,634Source | 421,273Source | 2,222,880Source | — |
| Operating Income (Loss)USD | -17,065,871Source | -8,757,643Source | -23,011,213Source | -21,412,935Source |
| Other Nonoperating Income (Expense)USD | 222,910Source | 181,471Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -33,966,884Source | -10,905,732Source | -24,926,010Source | -21,439,445Source |
| Income Tax Expense (Benefit)USD | -758,902Source | -194,564Source | -292,266Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -1,903,718Source | -592,632Source | -34,045Source | -610,986Source |
| Net Income (Loss) Attributable to ParentUSD | -22,449,017Source | -13,363,399Source | -27,033,094Source | -31,445,447Source |
| Earnings Per Share, BasicUSD per share | -4.23Source | -0.71Source | -2.86Source | — |
| Earnings Per Share, DilutedUSD per share | -4.23Source | -0.71Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 5,318,979Source | 18,634,212Source | 9,458,077Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 5,318,979Source | 18,634,212Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,268,365Source | 634,183Source | — | — |
| Current Income Tax Expense (Benefit)USD | 12,774Source | — | -6,454Source | 43,701Source |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | — | 10,616,988Source |
| Gain (Loss) on InvestmentsUSD | — | — | -132,554Source | — |
| General and Administrative ExpenseUSD | 17,522,624Source | 8,610,592Source | 20,216,802Source | 17,131,400Source |
| Goodwill, Impairment LossUSD | 14,824,819Source | — | — | — |
| Gross ProfitUSD | 882,168Source | 126,185Source | -1,610,663Source | -4,236,151Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 33,207,982Source | -10,711,168Source | -24,633,744Source | -21,439,445Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -33,207,982Source | -10,711,168Source | -24,633,744Source | -21,439,445Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -5.89Source | -0.54Source | -2.6Source | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -5.89Source | -0.54Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 8,855,247Source | -3,244,863Source | -2,433,395Source | -10,616,988Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 8,856,042Source | -3,236,495Source | -2,433,395Source | -10,038,088Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | -20,876Source | -132,554Source | -3,784,000Source |
| Interest Income (Expense), NetUSD | — | — | — | 29,236Source |
| Interest Income, OtherUSD | — | — | 77,213Source | — |
| Investment Company, Contractual Fee WaivedUSD | 3,024,000Source | — | — | — |
| Nonoperating Income (Expense)USD | -16,901,013Source | -2,148,089Source | -1,914,797Source | -26,510Source |
| Operating ExpensesUSD | 17,948,039Source | 8,883,828Source | 21,400,550Source | 17,176,784Source |
| Research and Development ExpenseUSD | 113,426Source | 135,849Source | — | — |
| Selling ExpenseUSD | 311,989Source | 137,387Source | 43,197Source | 45,384Source |