Shineco, Inc. (SISI) Income Statement

OTC Pink: SISIRevenue, profits, margins and EPS over 10 years.

SISI FY2024 at a glance

Fiscal year ended June 30, 2024 · U.S. dollars
Revenue+1,680.6%
$9.8M
FY2024 · hover or tap a bar for each year
FY2015: $32.6M (+4.3%)FY2016: $35.2M (+7.9%)FY2017: $33.6M (−4.6%)FY2018: $43.9M (+30.7%)FY2019: $31.2M (−28.9%)FY2020: $23.7M (−24.1%)FY2021: $3.0M (−87.2%)FY2022: $2.2M (−27.6%)FY2023: $550,476 (−74.8%)FY2024: $9.8M (+1,680.6%)
FY2015FY2024
Gross profit+599.1%
$882,168
FY2024 · hover or tap a bar for each year
FY2015: $10.3M (+7.9%)FY2016: $11.1M (+7.1%)FY2017: $10.7M (−3.1%)FY2018: $14.8M (+37.7%)FY2019: $9.0M (−39.3%)FY2020: $6.1M (−31.8%)FY2021: −$4.2M (−169.2%)FY2022: −$1.6MFY2023: $126,185FY2024: $882,168 (+599.1%)
FY2015FY2024
Operating income
−$17.1M
FY2024 · hover or tap a bar for each year
FY2015: $6.5M (−8.5%)FY2016: $7.3M (+12.9%)FY2017: $7.4M (+1.4%)FY2018: $9.3M (+24.5%)FY2019: $315,415 (−96.6%)FY2020: −$3.5M (−1,206.4%)FY2021: −$21.4MFY2022: −$6.2MFY2023: −$8.8MFY2024: −$17.1M
FY2015FY2024
Net income
−$22.4M
FY2024 · hover or tap a bar for each year
FY2015: $7.3M (−7.0%)FY2016: $8.1M (+11.8%)FY2017: $8.5M (+4.1%)FY2018: $7.6M (−10.4%)FY2019: $796,189 (−89.5%)FY2020: −$6.6M (−932.6%)FY2021: −$31.4MFY2022: −$24.6MFY2023: −$13.4MFY2024: −$22.4M
FY2015FY2024
EPS (diluted)
−$3.42
FY2024 · hover or tap a bar for each year
FY2015: $3.32 (−16.8%)FY2016: $3.75 (+13.0%)FY2017: $2.67 (−28.8%)FY2018: $0.76 (−71.5%)FY2019: −$0.09 (−111.8%)FY2020: −$0.54FY2021: −$11.53FY2022: −$2.68FY2024: −$3.42
FY2015FY2024
Net profit margin+2,198.6 pts
−229.0%
FY2024 · hover or tap a point for each year
FY2015: 22.3% (−2.7 pts)FY2016: 23.1% (+0.8 pts)FY2017: 25.2% (+2.1 pts)FY2018: 17.3% (−7.9 pts)FY2019: 2.6% (−14.7 pts)FY2020: −28.0% (−30.5 pts)FY2021: −1,040.7% (−1,012.7 pts)FY2022: −1,125.1% (−84.4 pts)FY2023: −2,427.6% (−1,302.5 pts)FY2024: −229.0% (+2,198.6 pts)
FY2015FY2024

SISI revenue and net income

RevenueNet incomeNet margin (right axis)

Where SISI's revenue goes

FY2024
Revenue
$9.8M100.0%
Cost of revenue
−$8.9M−91.0%
Gross profit
$882,1689.0%
Research & development
−$113,426−1.2%
Sales, general & admin
−$17.8M−182.0%
Operating income
−$17.1M−174.1%
Interest & other expense
−$16.9M−172.4%
Income taxes
$758,9027.7%
Net income
−$22.4M−229.0%

Each bar shows an amount and its share of revenue. SISI kept −229.0% of revenue as net income.

SISI profit margins

GrossOperatingNet

SISI growth rates

to FY2024
1 year3 years5 years10 years
Revenue+1,680.6%+48.0%−20.7%−11.0%
Gross profit+599.1%—−37.1%−21.2%
Operating income————
Net income————
EPS (diluted)————

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

SISI quarterly EPS vs estimates

Reported EPSAnalyst estimate

SISI income statement

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Revenue$9.8M$550,476$2.2M$3.0M$23.7M$31.2M$43.9M$33.6M$35.2M$32.6M
Cost of revenue$8.9M$424,291$3.8M$7.3M$17.6M$22.2M$29.1M$22.9M$24.1M$22.3M
Gross profit$882,168$126,185−$1.6M−$4.2M$6.1M$9.0M$14.8M$10.7M$11.1M$10.3M
Research & development$113,426$135,849$0———————
Sales, general & admin$17.8M$8.7M$20.2M$17.2M$9.6M$8.9M$5.5M$3.3M$3.7M$3.8M
Total operating expenses$17.9M$8.9M$6.2M$17.2M$9.6M$8.9M$5.5M$3.3M$3.7M$3.8M
Operating income−$17.1M−$8.8M−$6.2M−$21.4M−$3.5M$315,415$9.3M$7.4M$7.3M$6.5M
Interest income———$29,236$77,523—————
Interest expense$2.3M$1.7M$1.3M$36,679$13,952$11,998$58,775———
Income before taxes−$34.0M−$10.9M−$7.7M−$21.4M−$6.2M$1.7M$9.7M$9.9M$9.5M$8.6M
Income taxes−$758,902−$194,564−$292,266$10.0M$1.1M$787,600$2.1M$1.3M$1.2M$1.1M
Net income−$22.4M−$13.4M−$24.6M−$31.4M−$6.6M$796,189$7.6M$8.5M$8.1M$7.3M
EBITDA−$12.1M−$8.5M−$6.2M−$20.6M−$4.6M$906,949$10.0M$8.0M$8.2M$7.3M
EPS (diluted)−$3.42—−$2.68−$11.53−$0.54−$0.09$0.76$2.67$3.75$3.32
Gross margin9.0%22.9%−73.7%−140.2%25.8%28.7%33.7%32.0%31.5%31.7%
Operating margin−174.1%−1,590.9%−283.5%−708.6%−14.7%1.0%21.1%22.2%20.9%19.9%
Net margin−229.0%−2,427.6%−1,125.1%−1,040.7%−28.0%2.6%17.3%25.2%23.1%22.3%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SISI's financial statements (latest annual report filed September 30, 2024); data from EODHD. Sales, general & administrative expenses include sales and marketing.

SISI financial results

In fiscal year 2024 (ended June 30, 2024), Shineco reported revenue of $9.8 million, up 1,680.6% from the year before. It had a net loss of $22.4 million, a net profit margin of −229.0%. Diluted earnings per share came to −$3.42. Over five years revenue grew at an average rate of −20.7% a year.

See the SISI stock overview for the latest quote and news, or the SISI chart for price history and technical indicators.

SISI income statement FAQ

What is Shineco's annual revenue?

Shineco reported total revenue of $9.8 million for fiscal year 2024, which ended on June 30, 2024. That was up 1,680.6% from $0.6 million the previous year.

Is Shineco profitable?

No. Shineco reported a net loss of $22.4 million in fiscal 2024, a net profit margin of −229.0%; its operating margin was −174.1%.

What is Shineco's gross margin?

Shineco's gross margin was 9.0% in fiscal 2024: for every $100 of revenue, Shineco kept $9 after the direct cost of its products and services.

How much does Shineco spend on research and development?

Shineco spent $0.1 million on research and development in fiscal 2024, 1.2% of revenue.

How fast is Shineco growing?

Revenue grew −20.7% a year on average over the last five fiscal years, from $31.2 million to $9.8 million.

What are Shineco's earnings per share?

Shineco earned $-3.42 per diluted share in fiscal 2024.

When does Shineco's fiscal year end?

Shineco's fiscal year ends in June. The latest annual report covers the year ended June 30, 2024 and was filed on September 30, 2024.

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