Shineco Financials
This page shows Shineco (SISI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Shineco has an operating margin of -174.1%, meaning the company retains $-174 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -1590.9% the prior year.
Shineco's revenue surged 1680.6% year-over-year to $9.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Shineco carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Shineco's current ratio of 0.76 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 10/100, which could limit financial flexibility.
While Shineco generated -$3.9M in operating cash flow, capex of $265K consumed most of it, leaving -$4.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Shineco passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Shineco generates $0.18 in operating cash flow (-$3.9M OCF vs -$22.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Shineco generated $9.8M in revenue in fiscal year 2024. This represents an increase of 1680.6% from the prior year.
Shineco's EBITDA was -$12.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 49.2% from the prior year.
Shineco generated -$4.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 22.4% from the prior year.
Shineco reported -$22.4M in net income in fiscal year 2024. This represents a decrease of 68.0% from the prior year.
Shineco earned $-4.23 per diluted share (EPS) in fiscal year 2024. This represents an increase of 41.0% from the prior year.
Shineco held $152K in cash against $1.1M in long-term debt as of fiscal year 2024.
Shineco had 332,215 shares outstanding in fiscal year 2024. This represents a decrease of 87.4% from the prior year.
Shineco's gross margin was 9.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 13.9 percentage points from the prior year.
Shineco's operating margin was -174.1% in fiscal year 2024, reflecting core business profitability. This is up 1416.8 percentage points from the prior year.
Shineco's net profit margin was -229.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2198.6 percentage points from the prior year.
Shineco invested $113K in research and development in fiscal year 2024. This represents a decrease of 16.5% from the prior year.
Shineco invested $265K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1305.1% from the prior year.
SISI Income Statement
| Metric | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 | Q3'23 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $41K-98.7% | $3.0M+40.2% | $2.2M+1355.9% | $149K-93.5% | $2.3M+40.2% | $1.6M+610.9% | $232K-57.1% | $539K |
| Cost of Revenue | $55K-98.1% | $2.9M+55.5% | $1.9M+2324.6% | $78K-96.1% | $2.0M+28.6% | $1.5M+606.2% | $219K-50.0% | $438K |
| Gross Profit | -$14K-111.6% | $121K-58.4% | $292K+310.2% | $71K-77.2% | $312K+215.6% | $99K+787.0% | $11K+109.3% | -$120K |
| R&D Expenses | $15K-39.7% | $26K+91.5% | $13K-57.9% | $32K+43.6% | $22K-6.2% | $24K-59.4% | $58K | N/A |
| SG&A Expenses | $3.7M+39.3% | $2.7M+1.0% | $2.6M+143.8% | $1.1M-80.7% | $5.6M+71.6% | $3.3M+21.1% | $2.7M+81.5% | $1.5M |
| Operating Income | -$3.8M-42.5% | -$2.6M-10.4% | -$2.4M-116.7% | -$1.1M+79.5% | -$5.4M-66.6% | -$3.2M-14.9% | -$2.8M-89.8% | -$1.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $2K-69.6% | $5K+10.9% | $5K |
| Income Tax | -$62K+74.4% | -$242K+17.2% | -$293K-464.5% | -$52K+92.7% | -$707K-181.1% | -$251K-659.7% | -$33K | N/A |
| Net Income | -$15.1M-830.8% | -$1.6M+19.7% | -$2.0M+39.6% | -$3.3M+22.6% | -$4.3M-180.6% | $5.4M+301.1% | -$2.7M+3.7% | -$2.8M |
| EPS (Diluted) | $-0.96-6.7% | $-0.90+61.5% | $-2.34+81.3% | $-12.51+38.2% | $-20.25 | $40.75+3234.6% | $-1.30+16.1% | $-1.55 |
SISI Balance Sheet
| Metric | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 | Q3'23 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $85.5M-10.7% | $95.8M+2.1% | $93.8M+11.4% | $84.2M-17.8% | $102.5M+4.7% | $97.8M+44.5% | $67.7M+14.7% | $59.1M |
| Current Assets | $34.9M-3.6% | $36.2M+14.3% | $31.7M+51.6% | $20.9M-4.3% | $21.8M+36.4% | $16.0M-65.1% | $45.9M-18.5% | $56.3M |
| Cash & Equivalents | $193K-73.7% | $732K+201.1% | $243K+60.0% | $152K-87.2% | $1.2M+35.7% | $875K-94.3% | $15.4M-6.4% | $16.4M |
| Inventory | $204K-87.9% | $1.7M-30.2% | $2.4M+768.6% | $280K-85.9% | $2.0M-6.1% | $2.1M-88.8% | $19.0M+4.4% | $18.2M |
| Accounts Receivable | $317-100.0% | $1.2M+53.4% | $809K+226386.3% | $357-100.0% | $7.0M-16.8% | $8.4M+173.6% | $3.1M+39.5% | $2.2M |
| Goodwill | $2.0M-84.7% | $13.2M0.0% | $13.2M+553.4% | $2.0M-92.8% | $28.0M0.0% | $28.0M+326.1% | $6.6M | N/A |
| Total Liabilities | $59.4M+11.5% | $53.3M+5.6% | $50.5M+6.1% | $47.6M-7.8% | $51.6M+9.9% | $47.0M+86.7% | $25.2M+16.3% | $21.6M |
| Current Liabilities | $48.6M+15.2% | $42.2M+8.2% | $39.0M+41.5% | $27.6M-32.0% | $40.5M+15.4% | $35.1M+55.7% | $22.6M+9.4% | $20.6M |
| Long-Term Debt | $1.7M+1.8% | $1.7M-4.3% | $1.8M+62.3% | $1.1M-3.2% | $1.1M-44.6% | $2.0M | N/A | N/A |
| Total Equity | $18.2M-45.1% | $33.1M-0.5% | $33.3M+28.0% | $26.0M-33.5% | $39.1M+1.7% | $38.4M+2.8% | $37.4M-1.2% | $37.8M |
| Retained Earnings | -$73.1M-26.1% | -$58.0M-2.9% | -$56.4M-3.7% | -$54.3M-77.0% | -$30.7M-16.4% | -$26.4M-0.5% | -$26.3M-11.3% | -$23.6M |
SISI Cash Flow Statement
| Metric | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 | Q3'23 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$430K+28.8% | -$605K+71.0% | -$2.1M-140.2% | -$868K+28.1% | -$1.2M+19.7% | -$1.5M-40.9% | -$1.1M-431.0% | $322K |
| Capital Expenditures | N/A | -$35-100.2% | $16K-93.0% | $231K+688.5% | $29K+612.5% | $4K | N/A | -$308K |
| Free Cash Flow | N/A | -$605K+71.2% | -$2.1M-91.2% | -$1.1M+11.2% | -$1.2M+17.9% | -$1.5M | N/A | $735K |
| Investing Cash Flow | -$213K-158.9% | $362K+111.5% | -$3.1M+55.5% | -$7.0M-590.8% | -$1.0M+92.1% | -$12.9M-826.5% | -$1.4M+84.0% | -$8.7M |
| Financing Cash Flow | $190K-74.4% | $740K-85.4% | $5.1M-35.2% | $7.8M+211.2% | $2.5M+177.3% | $906K-32.4% | $1.3M+743.7% | $159K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SISI Financial Ratios
| Metric | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 | Q3'23 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -34.4%-38.4pp | 4.0%-9.4pp | 13.4%-34.2pp | 47.6%+34.1pp | 13.5%+7.5pp | 6.0%+1.2pp | 4.8%+27.1pp | -22.2% |
| Operating Margin | -9178.8%-9092.3pp | -86.5%+23.4pp | -109.9%+628.8pp | -738.8%-505.3pp | -233.5%-37.1pp | -196.4%+1019.2pp | -1215.5%-940.5pp | -275.0% |
| Net Margin | -36901.0%-36847.7pp | -53.3%+39.8pp | -93.0%+2149.2pp | -2242.3%-2054.7pp | -187.6%-513.6pp | 326.0%+1478.7pp | -1152.7%-639.0pp | -513.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | 14.0% | N/A | N/A |
| Return on Assets | -17.7%-16.0pp | -1.7%+0.5pp | -2.2%+1.1pp | -3.3%+0.9pp | -4.2%-9.7pp | 5.5%+9.4pp | -3.9%+0.8pp | -4.7% |
| Current Ratio | 0.72-0.1 | 0.86+0.0 | 0.81+0.1 | 0.76+0.2 | 0.54+0.1 | 0.46-1.6 | 2.03-0.7 | 2.73 |
| Debt-to-Equity | 0.09+0.0 | 0.050.0 | 0.05+0.0 | 0.04+0.0 | 0.03-0.0 | 0.05-0.6 | 0.67+0.1 | 0.57 |
| FCF Margin | N/A | -19.8%+76.8pp | -96.6%+139.0pp | -235.6%-182.0pp | -53.6%+38.0pp | -91.6% | N/A | N/A |
Note: The current ratio is below 1.0 (0.76), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Shineco's annual revenue?
Shineco (SISI) reported $9.8M in total revenue for fiscal year 2024. This represents a 1680.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Shineco's revenue growing?
Shineco (SISI) revenue grew by 1680.6% year-over-year, from $550K to $9.8M in fiscal year 2024.
Is Shineco profitable?
No, Shineco (SISI) reported a net income of -$22.4M in fiscal year 2024, with a net profit margin of -229.0%.
What is Shineco's earnings per share (EPS)?
Shineco (SISI) reported diluted earnings per share of $-4.23 for fiscal year 2024. This represents a 41.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Shineco's EBITDA?
Shineco (SISI) had EBITDA of -$12.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Shineco have?
As of fiscal year 2024, Shineco (SISI) had $152K in cash and equivalents against $1.1M in long-term debt.
What is Shineco's gross margin?
Shineco (SISI) had a gross margin of 9.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Shineco's operating margin?
Shineco (SISI) had an operating margin of -174.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Shineco's net profit margin?
Shineco (SISI) had a net profit margin of -229.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Shineco's free cash flow?
Shineco (SISI) generated -$4.2M in free cash flow during fiscal year 2024. This represents a 22.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Shineco's operating cash flow?
Shineco (SISI) generated -$3.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Shineco's total assets?
Shineco (SISI) had $84.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Shineco's capital expenditures?
Shineco (SISI) invested $265K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Shineco spend on research and development?
Shineco (SISI) invested $113K in research and development during fiscal year 2024.
How many shares does Shineco have outstanding?
Shineco (SISI) had 332,215 shares outstanding as of fiscal year 2024.
What is Shineco's current ratio?
Shineco (SISI) had a current ratio of 0.76 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Shineco's debt-to-equity ratio?
Shineco (SISI) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Shineco's return on assets (ROA)?
Shineco (SISI) had a return on assets of -26.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Shineco's cash runway?
Based on fiscal year 2024 data, Shineco (SISI) had $152K in cash against an annual operating cash burn of $3.9M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Shineco's Piotroski F-Score?
Shineco (SISI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Shineco's earnings high quality?
Shineco (SISI) has an earnings quality ratio of 0.18x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Shineco?
Shineco (SISI) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.