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.

Shineco Financials

SISI

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2025 Currency USD FYE June

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).

Rhea AI SISI FY2024 2026-04-22

A revenue rebound in FY2024 did not fix the overhead-heavy model or the working-capital squeeze now shaping operations.

FY2024’s net loss of $22.4M overstates the immediate cash drain because operating cash burn was only $3.9M, implying a large non-cash component. The more important shift is financial posture: the current ratio fell from 3.4x in FY2023 to 0.8x in FY2024, meaning short-term obligations now exceed short-term resources.

The business did regain sales, but not in a way that created operating leverage: gross margin fell to 9.0% from 22.9%. At the same time, SG&A reached $17.5M against just $9.8M of revenue, so added volume is still not covering the overhead base in a durable way.

Liquidity weakened even though outside capital came in: financing added $11.0M, but investing consumed $21.0M. That left year-end cash at only $152K and equity at $26.0M, showing that new funding did not stay on the balance sheet as liquidity.

Financial Health Signals

Financial health score pending refresh

We are recalculating Shineco's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress

-1.49

Shineco scores -1.49, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($5.0M) relative to total liabilities ($47.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

4/9

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.

Earnings Quality Low Quality

0.18x

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

Export CSV

Earnings & Revenue

Revenue

$9.8M

YoY+1680.6%

5Y CAGR-20.7%

Shineco generated $9.8M in revenue in fiscal year 2024. This represents an increase of 1680.6% from the prior year.

EBITDA

-$12.1M

YoY-49.2%

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.

Net Income

-$22.4M

YoY-68.0%

Shineco reported -$22.4M in net income in fiscal year 2024. This represents a decrease of 68.0% from the prior year.

EPS (Diluted)

$-4.23

YoY+41.0%

Shineco earned $-4.23 per diluted share (EPS) in fiscal year 2024. This represents an increase of 41.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$4.2M

YoY+22.4%

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.

Cash & Debt

$152K

YoY-75.7%

5Y CAGR-66.4%

Shineco held $152K in cash against $1.1M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

332,215

YoY-87.4%

5Y CAGR-33.4%

Shineco had 332,215 shares outstanding in fiscal year 2024. This represents a decrease of 87.4% from the prior year.

Margins & Returns

Gross Margin

9.0%

YoY-13.9pp

5Y CAGR-19.7pp

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.

Operating Margin

-174.1%

YoY+1416.8pp

5Y CAGR-174.5pp

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.

Net Margin

-229.0%

YoY+2198.6pp

5Y CAGR-231.6pp

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.

Return on Equity

-86.3%

YoY-45.3pp

5Y CAGR-87.4pp

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.

Capital Allocation

R&D Spending

$113K

YoY-16.5%

Shineco invested $113K in research and development in fiscal year 2024. This represents a decrease of 16.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$265K

YoY+1305.1%

5Y CAGR+22.5%

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	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$9.8M+1680.6%	$550K-74.8%	$2.2M-27.6%	$3.0M-71.0%	$10.4M-66.6%	$31.2M
Cost of Revenue	$8.9M+2014.0%	$421K-81.0%	$2.2M-32.8%	$3.3M-81.1%	$17.5M-21.1%	$22.2M
Gross Profit	$882K+599.1%	$126K+107.8%	-$1.6M+62.0%	-$4.2M+40.2%	-$7.1M-179.0%	$9.0M
R&D Expenses	$113K-16.5%	$136K	N/A	N/A	N/A	N/A
SG&A Expenses	$17.5M+103.5%	$8.6M+38.9%	$6.2M-63.8%	$17.1M+122.9%	$7.7M-5.7%	$8.2M
Operating Income	-$17.1M-94.9%	-$8.8M-41.3%	-$6.2M+71.0%	-$21.4M-320.8%	-$5.1M-4508.7%	$115K
Interest Expense	N/A	$22K-95.1%	$442K	$0-100.0%	$116K+0.9%	$115K
Income Tax	-$759K-290.1%	-$195K+33.4%	-$292K	N/A	$244K-69.0%	$788K
Net Income	-$22.4M-68.0%	-$13.4M+50.6%	-$27.0M+14.0%	-$31.4M-374.4%	-$6.6M-932.6%	$796K
EPS (Diluted)	$-4.23+41.0%	$-7.17-150.7%	$-2.86	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$41K-98.7%	$3.0M+40.2%	$2.2M-61.9%	$5.7M+3716.5%	$149K-93.5%	$2.3M+40.2%	$1.6M	N/A
Cost of Revenue	$55K-98.1%	$2.9M+55.5%	$1.9M-64.5%	$5.3M+6721.9%	$78K-96.1%	$2.0M+28.6%	$1.5M	N/A
Gross Profit	-$14K-111.6%	$121K-58.4%	$292K-27.0%	$400K+461.8%	$71K-77.2%	$312K+215.6%	$99K	N/A
R&D Expenses	$15K-39.7%	$26K+91.5%	$13K-62.3%	$36K+11.7%	$32K+43.6%	$22K-6.2%	$24K	N/A
SG&A Expenses	$3.7M+39.3%	$2.7M+1.0%	$2.6M-65.3%	$7.6M+601.9%	$1.1M-80.7%	$5.6M+71.6%	$3.3M	N/A
Operating Income	-$3.8M-42.5%	-$2.6M-10.4%	-$2.4M+67.5%	-$7.3M-565.7%	-$1.1M+79.5%	-$5.4M-66.6%	-$3.2M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	$2K	N/A
Income Tax	-$62K+74.4%	-$242K+17.2%	-$293K-216.8%	$251K+583.5%	-$52K+92.7%	-$707K-181.1%	-$251K	N/A
Net Income	-$15.1M-830.8%	-$1.6M+19.7%	-$2.0M+90.0%	-$20.1M-501.4%	-$3.3M+22.6%	-$4.3M-180.6%	$5.4M	N/A
EPS (Diluted)	$-0.96-6.7%	$-0.90+61.5%	$-2.34	N/A	$-12.51+38.2%	$-20.25	$40.75	N/A

SISI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$84.2M+32.6%	$63.5M-0.6%	$63.8M+4.1%	$61.3M-22.5%	$79.1M-5.6%	$83.7M
Current Assets	$20.9M-48.9%	$40.9M-31.5%	$59.7M+21.2%	$49.3M-17.2%	$59.5M-2.4%	$61.0M
Cash & Equivalents	$152K-75.7%	$626K-33.3%	$938K-94.3%	$16.3M-25.7%	$22.0M-37.7%	$35.3M
Inventory	$280K-13.7%	$324K-98.3%	$18.7M+1314.4%	$1.3M+89.2%	$699K-68.4%	$2.2M
Accounts Receivable	$357-99.0%	$35K-98.1%	$1.8M-32.2%	$2.7M-46.9%	$5.1M-47.8%	$9.7M
Goodwill	$2.0M-69.3%	$6.6M	N/A	N/A	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
Current Liabilities	$27.6M+129.5%	$12.0M-58.7%	$29.0M+96.3%	$14.8M+30.4%	$11.3M+8.3%	$10.5M
Long-Term Debt	$1.1M-0.3%	$1.1M	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
Retained Earnings	-$54.3M-71.2%	-$31.7M-72.7%	-$18.4M-312.1%	$8.7M-78.4%	$40.1M-14.2%	$46.7M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$85.5M-10.7%	$95.8M+2.1%	$93.8M+11.4%	$84.2M-17.2%	$101.7M-0.7%	$102.5M+4.7%	$97.8M+54.2%	$63.5M
Current Assets	$34.9M-3.6%	$36.2M+14.3%	$31.7M+51.6%	$20.9M-6.9%	$22.4M+2.7%	$21.8M+36.4%	$16.0M-60.9%	$40.9M
Cash & Equivalents	$193K-73.7%	$732K+201.1%	$243K+60.0%	$152K-73.1%	$565K-52.4%	$1.2M+35.7%	$875K+39.8%	$626K
Inventory	$204K-87.9%	$1.7M-30.2%	$2.4M+768.6%	$280K-80.6%	$1.4M-27.3%	$2.0M-6.1%	$2.1M+553.0%	$324K
Accounts Receivable	$317-100.0%	$1.2M+53.4%	$809K+226386.3%	$357-100.0%	$4.7M-32.8%	$7.0M-16.8%	$8.4M+24082.6%	$35K
Goodwill	$2.0M-84.7%	$13.2M0.0%	$13.2M+553.4%	$2.0M-92.8%	$28.0M0.0%	$28.0M0.0%	$28.0M+326.1%	$6.6M
Total Liabilities	$59.4M+11.5%	$53.3M+5.6%	$50.5M+6.1%	$47.6M-13.4%	$55.0M+6.5%	$51.6M+9.9%	$47.0M+76.5%	$26.6M
Current Liabilities	$48.6M+15.2%	$42.2M+8.2%	$39.0M+41.5%	$27.6M-36.5%	$43.4M+7.1%	$40.5M+15.4%	$35.1M+192.3%	$12.0M
Long-Term Debt	$1.7M+1.8%	$1.7M-4.3%	$1.8M+62.3%	$1.1M-0.6%	$1.1M-2.6%	$1.1M-44.6%	$2.0M+86.0%	$1.1M
Total Equity	$18.2M-45.1%	$33.1M-0.5%	$33.3M+28.0%	$26.0M-27.8%	$36.0M-7.9%	$39.1M+1.7%	$38.4M+18.0%	$32.6M
Retained Earnings	-$73.1M-26.1%	-$58.0M-2.9%	-$56.4M-3.7%	-$54.3M-59.6%	-$34.0M-10.9%	-$30.7M-16.4%	-$26.4M+16.9%	-$31.7M

SISI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$3.9M+27.1%	-$5.4M+5.6%	-$5.7M+61.0%	-$14.6M-214.6%	-$4.7M-233.1%	$3.5M
Capital Expenditures	$265K+1305.1%	$19K+938.3%	$2K	N/A	$11K-88.5%	$96K
Free Cash Flow	-$4.2M+22.4%	-$5.4M+5.3%	-$5.7M	N/A	-$4.7M-237.2%	$3.4M
Investing Cash Flow	-$21.0M-2130.0%	$1.0M+102.9%	-$36.0M-2953.2%	$1.3M+1104.8%	$105K+142.5%	-$246K
Financing Cash Flow	$11.0M+145.5%	$4.5M-84.2%	$28.4M+292.7%	$7.2M+175.6%	$2.6M+44.9%	$1.8M
Dividends Paid	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

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$430K+28.8%	-$605K+71.0%	-$2.1M-140.2%	-$868K-147.3%	-$351K+70.9%	-$1.2M+19.7%	-$1.5M+40.8%	-$2.5M
Capital Expenditures	N/A	-$35-100.2%	$16K-93.0%	$231K+29974.7%	$767-97.4%	$29K+612.5%	$4K+1046.9%	$358
Free Cash Flow	N/A	-$605K+71.2%	-$2.1M-91.2%	-$1.1M-212.3%	-$352K+71.6%	-$1.2M+17.9%	-$1.5M+40.6%	-$2.5M
Investing Cash Flow	-$213K-158.9%	$362K+111.5%	-$3.1M+55.5%	-$7.0M-30096.0%	-$23K+97.7%	-$1.0M+92.1%	-$12.9M-64949.2%	$20K
Financing Cash Flow	$190K-74.4%	$740K-85.4%	$5.1M-35.2%	$7.8M+3448.1%	-$234K-109.3%	$2.5M+177.3%	$906K-56.0%	$2.1M
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	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	9.0%-13.9pp	22.9%+96.6pp	-73.7%+66.5pp	-140.2%-72.1pp	-68.0%-96.8pp	28.7%
Operating Margin	-174.1%+1416.8pp	-1590.9%-1307.4pp	-283.5%+425.1pp	-708.6%-659.8pp	-48.8%-49.2pp	0.4%
Net Margin	-229.0%+2198.6pp	-2427.6%-1191.2pp	-1236.4%-195.7pp	-1040.6%-977.0pp	-63.6%-66.2pp	2.5%
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%
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%
Current Ratio	0.76-2.6	3.41+1.4	2.06-1.3	3.33-1.9	5.25-0.6	5.82
Debt-to-Equity	0.040.0	0.03-0.9	0.91+0.5	0.36+0.2	0.19+0.0	0.16
FCF Margin	-42.8%+939.9pp	-982.7%-721.3pp	-261.4%	N/A	-44.8%-55.7pp	10.9%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	-34.4%-38.4pp	4.0%-9.4pp	13.4%+6.4pp	7.0%-40.6pp	47.6%+34.1pp	13.5%+7.5pp	6.0%	N/A
Operating Margin	-9178.8%-9092.3pp	-86.5%+23.4pp	-109.9%+18.9pp	-128.8%+609.9pp	-738.8%-505.3pp	-233.5%-37.1pp	-196.4%	N/A
Net Margin	-36901.0%-36847.7pp	-53.3%+39.8pp	-93.0%+260.3pp	-353.3%+1888.9pp	-2242.3%-2054.7pp	-187.6%-513.6pp	326.0%	N/A
Return on Equity	-83.2%-78.3pp	-4.9%+1.2pp	-6.1%+71.4pp	-77.5%-68.2pp	-9.3%+1.8pp	-11.1%-25.0pp	14.0%	N/A
Return on Assets	-17.7%-16.0pp	-1.7%+0.5pp	-2.2%+21.8pp	-23.9%-20.6pp	-3.3%+0.9pp	-4.2%-9.7pp	5.5%	N/A
Current Ratio	0.72-0.1	0.86+0.0	0.81+0.1	0.76+0.2	0.52-0.0	0.54+0.1	0.46-3.0	3.41
Debt-to-Equity	0.09+0.0	0.050.0	0.05+0.0	0.04+0.0	0.030.0	0.03-0.0	0.05+0.0	0.03
FCF Margin	N/A	-19.8%+76.8pp	-96.6%-77.4pp	-19.3%+216.3pp	-235.6%-182.0pp	-53.6%+38.0pp	-91.6%	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.

Similar Companies

Edible Garden AG Inc EDBL

$2.4M

Aquabounty Technologies Inc AQB

$4.7M

Sadot Group SDOT

$28.2M

Agriforce Growing Systems Ltd AGRI

$9.6M

AppHarvest, Inc. APPH

$10.3M

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 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 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) 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 Altman Z-Score?

Shineco (SISI) has an Altman Z-Score of -1.49, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

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) 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.