Revenue growth remains highly erratic with a 97% contraction in 2025Q3, while structural margin deficiencies are underscored by gross margins that frequently fluctuate near or below 10%.
| Metric | TTM | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Dec'06 | Dec'04 |
|---|
| Sales/Revenue | 9.76M | 9.8M | 550.48K | 2.19M | 3.02M | 23.68M | 31.22M | 43.9M | 33.59M | 35.21M | 32.63M | 31.29M | 34.78M | 2.1M | 3.14M |
| Revenue Growth % | 139% | 1680.61% | -74.82% | -27.64% | -87.24% | -24.14% | -28.88% | 30.68% | -4.59% | 7.9% | 4.28% | -10.04% | 1554.62% | -33.11% | - |
| Cost of Goods Sold | 9.08M | 8.92M | 424.29K | 3.8M | 7.26M | 17.56M | 22.25M | 29.11M | 22.85M | 24.12M | 22.28M | 21.7M | 25.37M | 829.1K | 1.28M |
| COGS % of Revenue | - | 91% | 77.08% | 173.67% | 240.19% | 74.16% | 71.26% | 66.31% | 68.03% | 68.52% | 68.29% | 69.34% | 72.94% | 39.44% | 40.66% |
| Gross Profit | 678.42K | 882.17K | 126.19K | -1.61M | -4.24M | 6.12M | 8.97M | 14.79M | 10.74M | 11.08M | 10.35M | 9.59M | 9.41M | 1.27M | 1.86M |
| Gross Margin % | 6.95% | 9% | 22.92% | -73.67% | -140.19% | 25.84% | 28.74% | 33.69% | 31.97% | 31.48% | 31.71% | 30.66% | 27.06% | 60.56% | 59.34% |
| Gross Profit Growth % | - | 599.11% | 107.83% | 61.98% | -169.22% | -31.79% | -39.33% | 37.68% | -3.11% | 7.12% | 7.87% | 1.91% | 639.37% | -31.73% | - |
| Operating Expenses | 14.69M | 17.95M | 8.88M | 6.2M | 17.18M | 9.61M | 8.86M | 5.52M | 3.29M | 3.74M | 3.85M | 2.48M | 2.39M | 827.23K | 363.53K |
| OpEx % of Revenue | - | 183.11% | 1613.84% | 283.54% | 568.45% | 40.57% | 28.37% | 12.56% | 9.81% | 10.63% | 11.78% | 7.94% | 6.86% | 39.35% | 11.57% |
| Selling, General & Admin | 14.6M | 17.83M | 8.75M | 20.26M | 17.18M | 9.61M | 8.86M | 5.52M | 3.29M | 3.74M | 3.85M | 2.48M | 2.39M | 266.54K | 363.53K |
| SG&A % of Revenue | - | 181.95% | 1589.17% | 926.61% | 568.45% | 40.57% | 28.37% | 12.56% | 9.81% | 10.63% | 11.78% | 7.94% | 6.86% | 12.68% | 11.57% |
| Research & Development | 90.22K | 113.43K | 135.85K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 1.16% | 24.68% | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 4.69K | 0 | 0 | -14.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 560.7K | 0 |
| Operating Income | -14.01M | -17.07M | -8.76M | -6.2M | -21.41M | -3.49M | 315.42K | 9.27M | 7.45M | 7.34M | 6.5M | 7.11M | 7.03M | 445.89K | 446.3K |
| Operating Margin % | -143.53% | -174.11% | -1590.92% | -283.54% | -708.64% | -14.73% | 1.01% | 21.12% | 22.17% | 20.85% | 19.93% | 22.72% | 20.2% | 21.21% | 14.2% |
| Operating Income Growth % | - | -94.87% | -41.26% | 71.05% | -513.62% | -1206.36% | -96.6% | 24.52% | 1.43% | 12.9% | -8.52% | 1.16% | 1475.83% | -0.09% | - |
| EBITDA | -9.49M | -12.08M | -8.09M | -6.2M | -21.16M | -3.04M | 1.11M | 9.97M | 8.02M | 8.21M | 7.31M | 7.81M | 7.76M | 467.9K | 468.35K |
| EBITDA Margin % | -97.26% | -123.2% | -1470.45% | -283.54% | -700.19% | -12.82% | 3.55% | 22.71% | 23.88% | 23.33% | 22.41% | 24.95% | 22.31% | 22.26% | 14.9% |
| EBITDA Growth % | 8.73% | -49.19% | -30.57% | 70.7% | -596.83% | -374.29% | -88.9% | 24.29% | -2.33% | 12.29% | -6.33% | 0.61% | 1558.55% | -0.1% | - |
| D&A (Non-Cash Add-back) | 4.52M | 4.99M | 663.16K | 101 | 255.25K | 453.34K | 791.53K | 698.23K | 575.2K | 871.1K | 811.13K | 699.98K | 733.96K | 22.01K | 22.05K |
| EBIT | -28.58M | -17.07M | -9.19M | -6.2M | -21.44M | -5.09M | 1.68M | 9.27M | 9.87M | 7.34M | 8.57M | 9.11M | 7.03M | 54.02K | 464.62K |
| Net Interest Income | -1.58M | -2.28M | -1.71M | -1.26M | 29.24K | 63.57K | -12K | -58.77K | 14.17K | 135.4K | 42.5K | -133.41K | -261.84K | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 29.24K | 77.52K | 0 | 0 | 14.17K | 135.4K | 42.5K | 0 | 0 | 0 | 0 |
| Interest Expense | 1.58M | 2.28M | 1.71M | 1.26M | 0 | 13.95K | 12K | 58.77K | 0 | 0 | 0 | 133.41K | 261.84K | -29.01K | -29.01K |
| Other Income/Expense | -16.09M | -16.9M | -2.15M | -1.53M | -26.51K | -2.7M | 1.55M | 380.47K | 2.43M | 2.13M | 2.06M | 1.87M | -198.45K | -362.85K | 47.33K |
| Pretax Income | -30.1M | -33.97M | -10.91M | -7.73M | -21.44M | -6.19M | 1.67M | 9.65M | 9.87M | 9.47M | 8.57M | 8.98M | 6.83M | 83.04K | 493.63K |
| Pretax Margin % | -308.3% | -346.54% | -1981.15% | -353.34% | -709.52% | -26.13% | 5.35% | 21.99% | 29.39% | 26.9% | 26.25% | 28.7% | 19.63% | 3.95% | 15.71% |
| Income Tax | -896.46K | -758.9K | -194.56K | 0 | 0 | 1.09M | 787.6K | 2.12M | 1.25M | 1.18M | 1.12M | 1.01M | 863.09K | 1.62K | -1.62K |
| Effective Tax Rate % | 2.98% | 2.23% | 1.78% | 0% | 0% | -17.62% | 47.18% | 22% | 12.69% | 12.44% | 13.13% | 11.25% | 12.64% | 1.95% | -0.33% |
| Net Income | -38.9M | -22.45M | -13.36M | -24.6M | -31.45M | -6.63M | 796.19K | 7.59M | 8.47M | 8.14M | 7.28M | 7.83M | 5.83M | 81.42K | 495.25K |
| Net Margin % | -398.53% | -229.03% | -2427.61% | -1125.09% | -1040.65% | -27.99% | 2.55% | 17.29% | 25.21% | 23.11% | 22.31% | 25.01% | 16.75% | 3.87% | 15.76% |
| Net Income Growth % | -568.77% | -67.99% | 45.68% | 21.77% | -374.39% | -932.55% | -89.51% | -10.41% | 4.09% | 11.77% | -6.99% | 34.34% | 7055.95% | -83.56% | - |
| Net Income (Continuing) | -29.2M | -33.21M | -10.71M | -7.59M | -21.44M | -7.28M | 365.64K | 7.53M | 8.62M | 8.29M | 7.44M | 7.97M | 5.96M | 81.42K | 495.25K |
| Discontinued Operations | -1000K | 8.86M | -3.24M | -17.04M | -10.62M | 767.94K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 7.9M | 10.58M | 4.29M | -398.35K | 672.35K | 1.19M | 1.1M | 1.05M | 1.09M | 955.37K | 848.15K | 695.14K | 579.53K | 0 | 0 |
| EPS (Diluted) | -123.94 | -5064.66 | -8605.78 | -9590.71 | -85743.16 | -26179.59 | 3826.73 | 38804.93 | 44371.62 | 41655.04 | 37269.78 | 40068.80 | 29826.83 | 541.65 | 3294.63 |
| EPS Growth % | 68.99% | 41.15% | 10.27% | 88.81% | -227.52% | -784.12% | -90.14% | -12.55% | 6.52% | 11.77% | -6.99% | 34.34% | 5406.66% | -83.56% | - |
| EPS (Basic) | - | -5064.66 | -8605.78 | -9590.71 | -85743.16 | -26179.59 | 3826.73 | 38804.93 | 44371.62 | 41655.04 | 37269.78 | 40068.80 | 29826.83 | 520.47 | 3165.79 |
| Diluted Shares Outstanding | 313.89K | 4.43K | 1.55K | 788 | 367 | 253 | 208 | 196 | 191 | 195 | 195 | 195 | 195 | 150 | 150 |
| Basic Shares Outstanding | 313.89K | 4.43K | 1.55K | 788 | 367 | 253 | 208 | 196 | 191 | 195 | 195 | 195 | 195 | 156 | 156 |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Severe liquidity and solvency risk
As reported in recent financial filings, Shineco's revenue trajectory exhibits extreme volatility, highlighted by a 97% contraction in 2025Q3 compared to previous periods, suggesting that the company's reliance on transactional agricultural and logistics contracts fails to provide a stable or predictable foundation for long-term growth.
The erratic top-line performance indicates that revenue is likely driven by sporadic, non-recurring contracts rather than a scalable business model. Investors should monitor whether the company can establish consistent demand for its specialized textile and health supplement offerings, as current figures suggest a lack of organic growth durability.
Based on the company's historical income statements, gross margins have frequently fluctuated near or below 10%, indicating that Shineco lacks the pricing power necessary to offset the high costs associated with its specialized botanical supply chain and labor-intensive processing requirements in the competitive Chinese market.
The inability to maintain healthy gross margins suggests that the company is operating more as a commodity processor than a high-value pharmaceutical entity. This structural weakness implies that even significant increases in volume may not lead to profitability without a fundamental shift in the product mix toward higher-margin health supplements.
According to the provided income statement data, Shineco's operating expenses consistently dwarf gross profit, resulting in deep operating losses that demonstrate a complete lack of operating leverage as the company struggles to scale its administrative and overhead costs in alignment with its current revenue base.
The persistent gap between revenue and operating costs suggests that the company's current infrastructure is inefficiently sized for its actual output. This misalignment warrants further investigation into whether management can rationalize its cost structure or if the business model is inherently incapable of achieving economies of scale.
As evidenced by the massive discrepancy between operating losses and net income in various quarters, Shineco's bottom-line results appear heavily influenced by non-operating items and accounting adjustments, which obscures the underlying economic reality of the company's core manufacturing and logistics operations for potential investors.
The presence of significant non-operating volatility suggests that reported net income is not a reliable indicator of operational health. Analysts should focus on the core operating margin to understand the true earning power of the business, which currently appears to be severely compromised by excessive corporate overhead.
Based on the reported cash balance of approximately $366,140, Shineco faces an acute liquidity risk that may necessitate dilutive equity financing, as the company's current cash reserves appear insufficient to sustain its ongoing operating losses and high fixed-cost structure over the coming fiscal periods.
The combination of a razor-thin cash position and negative operating margins creates a precarious environment for shareholders. This situation suggests that the company may be forced to prioritize survival over strategic growth, potentially leading to further value destruction if capital is raised under distressed conditions.
Quick answers to the most common questions about buying SISI stock.
For fiscal year 2024, Shineco, Inc. (SISI) reported total revenue of $9.8M. This represents a 211.9% increase compared to $3.1M in 2005.
Shineco, Inc. (SISI) reported a net loss of $22.4M for the fiscal year ending 2024.
Shineco, Inc. (SISI) reported an operating income of $-17.1M, resulting in an operating profit margin of -174.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Shineco, Inc. (SISI) generated $0.9M in gross profit for the year, representing a gross profit margin of 9.0%. This demonstrates the company's core pricing power and production efficiency.