Shineco, Inc. (SISI) financial statements (2022 and earlier)

Company profile

Business Address ROOM 3310, NORTH TOWER, ZHENGDA CENTER
BEIJING, 100020
State of Incorp.
Fiscal Year End June 30
SIC 01 - Agricultural Production Crops (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,62116,34332,37135,33131,48723,155
Cash and cash equivalents16,62116,34332,37135,33131,48723,155
Receivables9,4572,81911,0089,87215,86716,295
Inventory, net of allowances, customer advances and progress billings21,0141,3231,8002,2162,3652,346
Inventory21,0141,3231,8002,2162,3652,346
Prepaid expense     375
Deferred costs    434 
Advances on inventory purchases8147,79013,31411,8344,9772,396
Disposal group, including discontinued operation 19,660    
Deposits current assets     159
Other current assets18,7361,3439051,7111,035 
Other undisclosed current assets  121   
Total current assets:66,64249,27959,52060,96256,16444,726
Noncurrent Assets
Operating lease, right-of-use asset5,0553,5863,228
Property, plant and equipment2,3842,2549,48910,66811,69710,320
Long-term investments and receivables659 4,5156,6519,2675,695
Long-term investments659 4,5156,6516,5675,695
Accounts and financing receivable, after allowance for credit loss    2,700 
Intangible assets, net (including goodwill)  1,0441,0751,1151,347
Intangible assets, net (excluding goodwill)  1,0441,0751,1151,347
Disposal group, including discontinued operation, noncurrent assets 5,043    
Deferred tax assets, net  234
Other undisclosed noncurrent assets121,1571,2924,3844,8565,963
Total noncurrent assets:8,11112,04019,56922,77726,93623,559
TOTAL ASSETS:74,75361,31979,08983,73983,10068,285
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1121,2853,5353,5625,2621,767
Accounts payable2771482202,270158
Taxes payable1,1101,2083,3873,3422,9921,609
Debt14,8414,7912,3342,4102,3162,664
Due to related parties4,1001,1591,356235198258
Disposal group, including discontinued operation 4,867    
Customer advances and deposits 5
Other liabilities   382  
Other undisclosed current liabilities10,3242,6934,1233,8931,754 
Total current liabilities:30,37714,79511,34710,4829,5304,694
Noncurrent Liabilities
Long-term debt and lease obligation1,745353402   
Operating lease, liability1,745353402
Liabilities, other than long-term debt796792827 12 
Accounts payable and accrued liabilities506506566   
Deferred tax liabilities, net 12 
Deferred income tax liabilities290286261
Other undisclosed noncurrent liabilities   626685 
Total noncurrent liabilities:2,5411,1451,229626697 
Other undisclosed liabilities     337
Total liabilities:32,91815,94012,57611,10710,2275,031
Stockholders' equity
Stockholders' equity attributable to parent, including:42,23144,70665,32671,53271,82062,167
Common stock983232121
Common stock, share subscribed but unissued, subscriptions receivable(3,024)(8,535)    
Additional paid in capital49,43641,10627,30224,75923,17122,737
Accumulated other comprehensive income (loss)67(732)(6,284)(4,184)(1,509)(3,141)
Retained earnings (accumulated deficit)(8,455)8,66140,10746,73546,05139,065
Other undisclosed stockholders' equity attributable to parent4,1984,1984,1984,1984,0863,484
Stockholders' equity attributable to noncontrolling interest(397)6721,1871,1011,0531,087
Total stockholders' equity:41,83445,37866,51272,63272,87463,254
TOTAL LIABILITIES AND EQUITY:74,75361,31979,08983,73983,10068,285

Income statement (P&L) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Revenues(10,988)3,02223,68531,22043,89833,592
Cost of revenue6,733(7,258)(17,565)(22,248)(29,110)(22,852)
Cost of goods and services sold(2,870)(3,948)(17,508)(22,248)(29,110)(22,776)
Gross profit:(4,256)(4,236)6,1208,97214,78710,740
Operating expenses(18,595)(17,177)(9,609)(8,856)(5,516)(3,294)
Operating income (loss):(22,851)(21,413)(3,490)1159,2727,446
Nonoperating income (expense)10,606(27)(1,931)1,5543802,426
Investment income, nonoperating(28) 107516908928
Other nonoperating income0 39211308348
Interest and debt expense  (116)(115)(134)(149)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(3,098)32116115134149
Income (loss) from continuing operations before equity method investments, income taxes:(15,343)(21,407)(5,420)1,6699,6529,872
Income (loss) from equity method investments(138)(3,784)107   
Other undisclosed income from continuing operations before income taxes10,7423,752    
Income (loss) from continuing operations before income taxes:(4,739)(21,439)(5,313)1,6699,6529,872
Income tax expense (benefit)6(44)(1,090)(788)(2,124)(1,253)
Other undisclosed income (loss) from continuing operations(44)44    
Income (loss) from continuing operations:(4,776)(21,439)(6,404)8827,5298,620
Loss from discontinued operations(3,135)(10,617)    
Income (loss) before gain (loss) on sale of properties:(7,911)(32,056)(6,404)8827,5298,620
Other undisclosed net loss(28,697) (107)   
Net income (loss):(36,608)(32,056)(6,511)8827,5298,620
Net income (loss) attributable to noncontrolling interest(231)611(118)(86)59(150)
Net income (loss) available to common stockholders, diluted:(36,840)(31,445)(6,629)7967,5888,470

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Net income (loss):(36,608)(32,056)(6,511)8827,5298,620
Other comprehensive income (loss)2,2875,649(4,264)(2,713)1,659(1,271)
Other undisclosed comprehensive income1 2,132   
Comprehensive income (loss):(34,320)(26,408)(8,643)(1,831)9,1877,349
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(281)514(86)(47)32(132)
Comprehensive income (loss), net of tax, attributable to parent:(34,601)(25,893)(8,728)(1,879)9,2207,217

Statements sources

The financial statements are based on the company's filings with the 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.

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