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)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments62616,44315,16516,34332,37135,331
Cash and cash equivalents62616,44315,16516,34332,37135,331
Receivables358,0228,6172,81911,0089,872
Inventory, net of allowances, customer advances and progress billings32418,18518,7191,3231,8002,216
Inventory32418,18518,7191,3231,8002,216
Derivative instruments and hedges, assets      
Advances on inventory purchases3 47,79013,31411,834
Disposal group, including discontinued operation 37,1091,534 19,660  
Other current assets2,8271,53417,2321,3439051,711
Other undisclosed current assets 10,563  121 
Total current assets:40,92456,28059,73549,27959,52060,962
Noncurrent Assets
Operating lease, right-of-use asset1329932,0883,5863,228
Property, plant and equipment1,2131,1691,3752,2549,48910,668
Long-term investments and receivables  611617 4,5156,651
Long-term investments  611617 4,5156,651
Intangible assets, net (including goodwill)18,624   1,0441,075
Goodwill6,575     
Intangible assets, net (excluding goodwill)12,049   1,0441,075
Disposal group, including discontinued operation, noncurrent assets 2,576  5,043  
Other undisclosed noncurrent assets 7101,1571,2924,384
Total noncurrent assets:22,5452,7804,09112,04019,56922,777
TOTAL ASSETS:63,46959,06063,82661,31979,08983,739
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6925771,1701,2853,5353,562
Taxes payable5841,2083,3873,342
Accounts payable1912277148220
Accrued liabilities501575584   
Deferred revenue     
Debt16,36714,72514,4174,7912,3342,410
Disposal group, including discontinued operation 5,394575 4,867  
Due to related parties 2,4652,7991,1591,356235
Other liabilities      382
Other undisclosed current liabilities8942,28110,6552,6934,1233,893
Total current liabilities:23,34620,62329,04014,79511,34710,482
Noncurrent Liabilities
Long-term debt and lease obligation69 1,026353402 
Long-term debt, excluding current maturities69     
Liabilities, other than long-term debt3,2011,008447792827 
Accounts payable and accrued liabilities335447447506566 
Deferred income tax liabilities1,417  286261
Disposal group, including discontinued operation, liabilities 1,405     
Operating lease, liability445611,026353402
Other undisclosed noncurrent liabilities      626
Total noncurrent liabilities:3,2701,0081,4731,1451,229626
Total liabilities:26,61621,63230,51315,94012,57611,107
Equity
Equity, attributable to parent, including:32,56237,82033,71144,70665,32671,532
Common stock2620118323
Common stock, share subscribed but unissued, subscriptions receivable(3,782)(3,532)(3,024)(8,535)  
Additional paid in capital68,84863,98552,99941,10627,30224,759
Accumulated other comprehensive loss(4,992)(3,269)(2,101)(732)(6,284)(4,184)
Retained earnings (accumulated deficit)(31,735)(23,582)(18,372)8,66140,10746,735
Other undisclosed equity, attributable to parent4,1984,1984,1984,1984,1984,198
Equity, attributable to noncontrolling interest4,291(392)(398)6721,1871,101
Total equity:36,85337,42833,31345,37866,51272,632
TOTAL LIABILITIES AND EQUITY:63,46959,06063,82661,31979,08983,739

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues5501,8992,1863,02223,68531,220
Cost of revenue(424)(2,429)(3,797)(7,258)(17,565)(22,248)
Cost of goods and services sold(421)(1,297)(2,223)(3,948)(17,508)(22,248)
Gross profit:126(530)(1,611)(4,236)6,1208,972
Operating expenses(8,884)(13,958)(21,401)(17,177)(9,609)(8,856)
Operating income (loss):(8,758)(14,488)(23,011)(21,413)(3,490)115
Nonoperating income (expense)(2,148)(1,654)(1,915)(27)(1,931)1,554
Investment income, nonoperating (32)(133) 107516
Interest and debt expense(22)(9)(442) (116)(115)
Other undisclosed income from continuing operations before equity method investments, income taxes80132376932116115
Income (loss) from continuing operations before equity method investments, income taxes:(10,127)(15,828)(24,600)(21,407)(5,420)1,669
Income (loss) from equity method investments(21)17(133)(3,784)107 
Other undisclosed income (loss) from continuing operations before income taxes(758)(331)(194)3,752  
Income (loss) from continuing operations before income taxes:(10,906)(16,142)(24,926)(21,439)(5,313)1,669
Income tax expense (benefit)195286292(44)(1,090)(788)
Other undisclosed income from continuing operations    44  
Income (loss) from continuing operations:(10,711)(15,856)(24,634)(21,439)(6,404)882
Income (loss) before gain (loss) on sale of properties:(12,382)(27,067)(32,056)(6,404)882
Income (loss) from discontinued operations(3,245)702(2,433)(10,617)  
Other undisclosed net loss    (107) 
Net income (loss):(13,956)(15,154)(27,067)(32,056)(6,511)882
Net income (loss) attributable to noncontrolling interest5932734611(118)(86)
Net income (loss) available to common stockholders, diluted:(13,363)(15,127)(27,033)(31,445)(6,629)796

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):(13,956)(15,154)(27,067)(32,056)(6,511)882
Other comprehensive income (loss)(2,911)(3,304)(1,333)5,649(4,264)(2,713)
Other undisclosed comprehensive income (loss)    2,132 
Comprehensive loss:(16,867)(18,458)(28,400)(26,408)(8,643)(1,831)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest612(5)(2)514(86)(47)
Comprehensive loss, net of tax, attributable to parent:(16,255)(18,462)(28,402)(25,893)(8,728)(1,879)

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.

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