Shineco Financials
Shineco (SISI) reported $9.8M in revenue for fiscal year 2024, up 1680.6% from the prior fiscal year. This page shows its 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).
Revenue recovered, but thin margins and external financing still dictated how Shineco operated in FY2024.
From FY2023 to FY2024, reported losses worsened, with net loss moving from-$13.4M to-$22.4M . Yet cash burn was smaller than the accounting loss because depreciation and amortization reached$5.0M , leaving operating cash flow at-$3.9M ; earnings looked weaker than immediate cash use, but the business still did not self-fund.
The FY2024 sales rebound to
Liquidity tightened as the current ratio fell below 1 to 0.8x and cash ended FY2024 at
Financial Health Signals
Shineco does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
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.
Shineco reported a net loss of $22.4M while operations used $3.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
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 reported -$22.4M in net income in fiscal year 2024. This represents a decrease of 68.0% from the prior year.
Cash & Balance Sheet
Shineco recorded an outflow of $4.2M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 22.4% from the prior year.
Shineco held $152K in cash against $1.1M in long-term debt as of fiscal year 2024, with $27.6M of liabilities due within a year.
Not reported for fiscal year 2024.
Margins & Returns
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 ROE was -86.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 45.3 percentage points from the prior year.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
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.
Not reported for fiscal year 2024.
SISI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.0M | $9.8M+1680.6% | $550K-74.8% | $2.2M-27.6% | $3.0M-71.0% | $10.4M-66.6% | $31.2M-28.9% | $43.9M+30.7% | $33.6M-4.6% | $35.2M+7.9% | $32.6M |
| Cost of Revenue | $10.2M | $8.9M+2014.0% | $421K-81.0% | $2.2M-32.8% | $3.3M-81.1% | $17.5M-21.1% | $22.2M-23.8% | $29.1M+27.4% | $22.9M-4.9% | $24.0M+8.3% | $22.2M |
| Gross Profit | $799K | $882K+599.1% | $126K+107.8% | -$1.6M+62.0% | -$4.2M+40.2% | -$7.1M-179.0% | $9.0M-39.3% | $14.8M+37.7% | $10.7M-3.1% | $11.1M+7.1% | $10.3M |
| R&D Expenses | $90K | $113K-16.5% | $136K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $16.6M | $17.5M+103.5% | $8.6M+38.9% | $6.2M-63.8% | $17.1M+122.9% | $7.7M-5.7% | $8.2M+104.6% | $4.0M+119.8% | $1.8M-8.8% | $2.0M-8.0% | $2.2M |
| Operating Income | -$16.1M | -$17.1M-94.9% | -$8.8M-41.3% | -$6.2M+71.0% | -$21.4M-320.8% | -$5.1M-4508.7% | $115K-98.8% | $9.3M+24.5% | $7.4M+1.4% | $7.3M+12.9% | $6.5M |
| Interest Expense | N/A | N/A | $22K-95.1% | $442K | $0-100.0% | $116K+0.9% | $115K-13.8% | $134K-10.0% | $149K-13.4% | $172K-27.9% | $238K |
| Income Tax | -$347K | -$759K-290.1% | -$195K+33.4% | -$292K | N/A | $244K-69.0% | $788K+5.8% | $745K-40.5% | $1.3M+6.4% | $1.2M+4.7% | $1.1M |
| Net Income | -$38.9M | -$22.4M-68.0% | -$13.4M+50.6% | -$27.0M+14.0% | -$31.4M-374.4% | -$6.6M-932.6% | $796K-89.5% | $7.6M-10.4% | $8.5M+4.1% | $8.1M+11.8% | $7.3M |
| EPS (Diluted) | — | -$4.23 | -$7.17 | -$2.86 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SISI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $84.2M+32.6% | $63.5M-0.6% | $63.8M+4.1% | $61.3M-22.5% | $79.1M-5.6% | $83.7M+0.8% | $83.1M+21.7% | $68.3M+19.7% | $57.0M+9.4% | $52.1M |
| Current Assets | $20.9M-48.9% | $40.9M-31.5% | $59.7M+21.2% | $49.3M-17.2% | $59.5M-2.4% | $61.0M+8.5% | $56.2M+25.6% | $44.7M+27.6% | $35.1M+24.0% | $28.3M |
| Cash & Equivalents | $152K-75.7% | $626K-33.3% | $938K-94.3% | $16.3M-25.7% | $22.0M-37.7% | $35.3M+12.2% | $31.5M+36.0% | $23.2M+5.2% | $22.0M+263.4% | $6.1M |
| Inventory | $280K-13.7% | $324K-98.3% | $18.7M+1314.4% | $1.3M+89.2% | $699K-68.4% | $2.2M-6.3% | $2.4M+0.8% | $2.3M-49.1% | $4.6M-44.5% | $8.3M |
| Accounts Receivable | $357-99.0% | $35K-98.1% | $1.8M-32.2% | $2.7M-46.9% | $5.1M-47.8% | $9.7M-37.4% | $15.5M+6.9% | $14.5M+127.2% | $6.4M+30.6% | $4.9M |
| Goodwill | $2.0M-69.3% | $6.6M | N/A | N/A | N/A | N/A | N/A | $0 | N/A | N/A |
| Total Liabilities | $47.6M+78.8% | $26.6M-12.8% | $30.5M+91.4% | $15.9M+26.8% | $12.6M+13.2% | $11.1M+8.6% | $10.2M+103.3% | $5.0M-23.0% | $6.5M+10.4% | $5.9M |
| Current Liabilities | $27.6M+129.5% | $12.0M-58.7% | $29.0M+96.3% | $14.8M+30.4% | $11.3M+8.3% | $10.5M+10.0% | $9.5M+89.4% | $5.0M | N/A | N/A |
| Long-Term Debt | $1.1M-0.3% | $1.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $26.0M-20.1% | $32.6M-3.4% | $33.7M-24.6% | $44.7M-31.6% | $65.3M-8.7% | $71.5M-0.4% | $71.8M+15.5% | $62.2M+25.4% | $49.6M+9.2% | $45.4M |
| Retained Earnings | -$54.3M-71.2% | -$31.7M-72.7% | -$18.4M-312.1% | $8.7M-78.4% | $40.1M-14.2% | $46.7M+1.5% | $46.1M+17.9% | $39.1M+26.7% | $30.8M+34.0% | $23.0M |
SISI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.0M | -$3.9M+27.1% | -$5.4M+5.6% | -$5.7M+61.0% | -$14.6M-214.6% | -$4.7M-233.1% | $3.5M-64.5% | $9.8M+458.8% | -$2.7M-120.6% | $13.3M+402.1% | $2.6M |
| Capital Expenditures | N/A | $265K+1305.1% | $19K+938.3% | $2K | N/A | $11K-88.5% | $96K-94.6% | $1.8M+3436.0% | $50K-90.0% | $499K+390.8% | $102K |
| Free Cash Flow | N/A | -$4.2M+22.4% | -$5.4M+5.3% | -$5.7M | N/A | -$4.7M-237.2% | $3.4M-57.9% | $8.1M+389.3% | -$2.8M-121.8% | $12.8M+402.6% | $2.5M |
| Investing Cash Flow | -$10.0M | -$21.0M-2130.0% | $1.0M+102.9% | -$36.0M-2953.2% | $1.3M+1104.8% | $105K+142.5% | -$246K+67.1% | -$749K-3.2% | -$726K | N/A | N/A |
| Financing Cash Flow | $13.8M | $11.0M+145.5% | $4.5M-84.2% | $28.4M+292.7% | $7.2M+175.6% | $2.6M+44.9% | $1.8M+473.3% | -$485K-109.0% | $5.4M | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SISI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.0%-13.9pp | 22.9%+96.6pp | -73.7% | -140.2% | -68.0%-96.8pp | 28.7%-4.9pp | 33.7%+1.7pp | 32.0%+0.5pp | 31.5%-0.2pp | 31.7% |
| Operating Margin | -174.1% | -1590.9% | -283.5% | -708.6% | -48.8%-49.2pp | 0.4%-20.8pp | 21.1%-1.1pp | 22.2%+1.3pp | 20.8%+0.9pp | 19.9% |
| Net Margin | -229.0% | -2427.6% | -1236.4% | -1040.6% | -63.6%-66.2pp | 2.5%-14.7pp | 17.3%-7.9pp | 25.2%+2.1pp | 23.1%+0.8pp | 22.3% |
| Return on Equity | -86.3%-45.3pp | -41.0%+39.1pp | -80.2%-9.8pp | -70.3%-60.2pp | -10.2%-11.3pp | 1.1%-9.5pp | 10.6%-3.0pp | 13.6%-2.8pp | 16.4%+0.4pp | 16.1% |
| Return on Assets | -26.7%-5.6pp | -21.1%+21.3pp | -42.4%+8.9pp | -51.3%-42.9pp | -8.4%-9.3pp | 0.9%-8.2pp | 9.1%-3.3pp | 12.4%-1.9pp | 14.3%+0.3pp | 14.0% |
| Current Ratio | 0.76-2.6x | 3.41+1.4x | 2.06-1.3x | 3.33-1.9x | 5.25-0.6x | 5.82-0.1x | 5.89-3.0x | 8.89 | N/A | N/A |
| Debt-to-Equity | 0.040.0x | 0.03-0.9x | 0.91+0.5x | 0.36+0.2x | 0.190.0x | 0.160.0x | 0.14+0.1x | 0.08-0.1x | 0.130.0x | 0.13 |
| FCF Margin | -42.8% | -982.7% | -261.4% | N/A | -44.8%-55.7pp | 10.9%-7.5pp | 18.4%+26.7pp | -8.3%-44.6pp | 36.3%+28.5pp | 7.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
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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Where Shineco Ranks
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.
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 return on equity (ROE)?
Shineco (SISI) has a return on equity of -86.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Shineco's free cash flow?
Shineco (SISI) recorded an outflow of $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) recorded an outflow of $3.9M in operating cash flow during fiscal year 2024, representing cash used by 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.
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 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Shineco's earnings high quality?
Shineco (SISI) reported a net loss of $22.4M while operations used $3.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.