Shineco, Inc. (SISI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
T1, SOUTH TOWER CHAOYANG DISTRICT, BEIJING,, 100022 |
| State of Incorp. | |
| Fiscal Year End | June 30 |
| Industry (SIC) | 01 - Agricultural Production Crops (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 875 | 626 | 15,395 | 16,443 | 24,238 | 15,165 | |||
| Cash and cash equivalents | 875 | 626 | 15,395 | 16,443 | 24,238 | 15,165 | |||
| Receivables | 8,364 | 35 | 8,986 | 8,022 | 8,236 | 8,617 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,118 | 324 | 18,994 | 18,185 | 18,056 | 18,719 | |||
| Inventory | 2,118 | 324 | 18,994 | 18,185 | 18,056 | 18,719 | |||
| Derivative instruments and hedges, assets | 6 | ||||||||
| Advances on inventory purchases | 2,675 | 3 | 21 | 4 | |||||
| Disposal group, including discontinued operation | 37,109 | 1,534 | |||||||
| Other current assets | 1,126 | 2,827 | 2,456 | 1,534 | 3,256 | 17,232 | |||
| Other undisclosed current assets | 852 | 10,563 | |||||||
| Total current assets: | 16,016 | 40,924 | 45,851 | 56,280 | 53,786 | 59,735 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 149 | 132 | 1,022 | 993 | 1,750 | 2,088 | |||
| Property, plant and equipment | 6,415 | 1,213 | 1,312 | 1,169 | 1,265 | 1,375 | |||
| Long-term investments and receivables | 597 | 611 | 611 | 617 | |||||
| Long-term investments | 597 | 611 | 611 | 617 | |||||
| Intangible assets, net (including goodwill) | 74,643 | 18,624 | 18,941 | ||||||
| Goodwill | 28,015 | 6,575 | 6,575 | ||||||
| Intangible assets, net (excluding goodwill) | 46,628 | 12,049 | 12,367 | ||||||
| Disposal group, including discontinued operation, noncurrent assets | 2,576 | ||||||||
| Other undisclosed noncurrent assets | 624 | 6 | 7 | 8 | 10 | ||||
| Total noncurrent assets: | 81,831 | 22,545 | 21,878 | 2,780 | 3,634 | 4,091 | |||
| TOTAL ASSETS: | 97,847 | 63,469 | 67,729 | 59,060 | 57,420 | 63,826 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,788 | 692 | 897 | 577 | 1,140 | 1,170 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 569 | 584 | ||
| Accounts payable | 1,716 | 191 | 328 | 2 | 1 | 2 | |||
| Accrued liabilities | 1,072 | 501 | 569 | 575 | 569 | 584 | |||
| Deferred revenue | 136 | ||||||||
| Debt | 15,378 | 16,367 | 16,184 | 14,725 | 14,283 | 14,417 | |||
| Disposal group, including discontinued operation | 5,394 | 575 | 569 | ||||||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 2,465 | 2,481 | 2,799 | ||
| Other liabilities | 2,623 | ||||||||
| Other undisclosed current liabilities | 16,801 | 894 | 2,848 | 2,281 | 1,899 | 10,655 | |||
| Total current liabilities: | 35,102 | 23,346 | 22,552 | 20,623 | 20,371 | 29,040 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,116 | 69 | 873 | 1,026 | |||||
| Long-term debt, excluding current maturities | 1,116 | 69 | |||||||
| Liabilities, other than long-term debt | 10,762 | 3,201 | 2,609 | 1,008 | 447 | 447 | |||
| Accounts payable and accrued liabilities | 335 | 335 | 447 | 447 | 447 | 447 | |||
| Deferred income tax liabilities | 10,361 | 1,417 | 1,557 | ||||||
| Disposal group, including discontinued operation, liabilities | 1,405 | ||||||||
| Operating lease, liability | 66 | 44 | 605 | 561 | 873 | 1,026 | |||
| Other undisclosed noncurrent liabilities | |||||||||
| Total noncurrent liabilities: | 11,879 | 3,270 | 2,609 | 1,008 | 1,320 | 1,473 | |||
| Total liabilities: | 46,981 | 26,616 | 25,161 | 21,632 | 21,691 | 30,513 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 38,418 | 32,562 | 37,366 | 37,820 | 36,106 | 33,711 | |||
| Common stock | 49 | 26 | 21 | 20 | 16 | 11 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (3,442) | (3,782) | (3,822) | (3,532) | (3,782) | (3,024) | |||
| Common stock, value, subscriptions | 1,194 | ||||||||
| Additional paid in capital | 64,090 | 68,848 | 65,369 | 63,985 | 60,891 | 52,999 | |||
| Accumulated other comprehensive loss | (109) | (4,992) | (3,343) | (3,269) | (4,405) | (2,101) | |||
| Accumulated deficit | (26,369) | (31,735) | (26,250) | (23,582) | (20,812) | (18,372) | |||
| Other undisclosed equity, attributable to parent | 4,198 | 4,198 | 4,198 | 4,198 | 4,198 | 4,198 | |||
| Equity, attributable to noncontrolling interest | 12,448 | 4,291 | 5,202 | (392) | (378) | (398) | |||
| Total equity: | 50,866 | 36,853 | 42,568 | 37,428 | 35,729 | 33,313 | |||
| TOTAL LIABILITIES AND EQUITY: | 97,847 | 63,469 | 67,729 | 59,060 | 57,420 | 63,826 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,646 | (1,218) | 693 | 539 | 536 | 206 | ||
| Cost of revenue | (1,547) | 1,644 | (783) | (659) | (627) | (33) | ||
| Cost of goods and services sold | (1,546) | 978 | (576) | (438) | (385) | 233 | ||
| Gross profit: | 99 | 427 | (90) | (120) | (91) | 173 | ||
| Operating expenses | (3,331) | (2,172) | (2,490) | (2,323) | (1,900) | (7,501) | ||
| Operating loss: | (3,232) | (1,745) | (2,580) | (2,443) | (1,990) | (7,327) | ||
| Nonoperating expense | (532) | (1,303) | (63) | (330) | (452) | (693) | ||
| Investment income, nonoperating | (15) | 0 | (6) | 24 | ||||
| Other nonoperating income | 1 | 274 | 14 | 15 | ||||
| Interest and debt expense | (2) | (7) | (5) | (5) | (5) | |||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 276 | 806 | (20) | 7 | 7 | 295 | ||
| Loss from continuing operations before equity method investments, income taxes: | (3,490) | (2,249) | (2,669) | (2,770) | (2,440) | (7,726) | ||
| Income (loss) from equity method investments | 0 | (6) | 24 | |||||
| Other undisclosed income (loss) from continuing operations before income taxes | (275) | (799) | 25 | (3) | 4 | (318) | ||
| Loss from continuing operations before income taxes: | (3,764) | (3,048) | (2,643) | (2,773) | (2,442) | (8,021) | ||
| Income tax benefit | 251 | 161 | 33 | 286 | ||||
| Loss from continuing operations: | (3,513) | (2,886) | (2,610) | (2,773) | (2,442) | (7,735) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (2,442) | (7,033) | |
| Income from discontinued operations | 8,855 | 702 | ||||||
| Other undisclosed net loss | (3,245) | |||||||
| Net income (loss): | 5,342 | (6,131) | (2,610) | (2,773) | (2,442) | (7,033) | ||
| Net income (loss) attributable to noncontrolling interest | 24 | 646 | (59) | 3 | 3 | 9 | ||
| Net income (loss) available to common stockholders, diluted: | 5,366 | (5,485) | (2,669) | (2,770) | (2,440) | (7,024) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 5,342 | (6,131) | (2,610) | (2,773) | (2,442) | (7,033) | ||
| Other comprehensive income (loss) | 1,125 | (2,281) | (2,295) | |||||
| Other undisclosed comprehensive income (loss) | 98 | (1,915) | 160 | |||||
| Comprehensive income (loss): | 5,440 | (8,046) | (2,450) | (1,647) | (4,724) | (9,329) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 41 | 911 | (292) | 14 | (21) | (13) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 5,481 | (7,135) | (2,743) | (1,633) | (4,744) | (9,342) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.