$SISI
SHINECO, INC.

2017 Q2 Form 10-Q Financial Statement

#000114420417027639 Filed on May 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
Revenue $8.060M $7.942M $7.663M
YoY Change -0.86% 3.64% 10.08%
Cost Of Revenue $5.790M $5.320M $5.471M
YoY Change -2.69% -2.76% 19.82%
Gross Profit $2.270M $2.603M $2.171M
YoY Change 4.13% 19.88% -8.73%
Gross Profit Margin 28.16% 32.77% 28.33%
Selling, General & Admin $80.00K $935.8K $824.5K
YoY Change -90.48% 13.51% 11.52%
% of Gross Profit 3.52% 35.96% 37.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $130.0K $150.0K $200.0K
YoY Change -51.85% -25.0% 25.0%
% of Gross Profit 5.73% 5.76% 9.21%
Operating Expenses $80.00K $935.8K $824.5K
YoY Change -90.48% 13.51% 11.52%
Operating Profit $2.190M $1.667M $1.347M
YoY Change 63.43% 23.78% -17.86%
Interest Expense -$620.0K $530.0K $600.0K
YoY Change -287.88% -11.67% 25.0%
% of Operating Profit -28.31% 31.8% 44.56%
Other Income/Expense, Net $1.230M $619.8K $684.9K
YoY Change 1950.0% -9.51% 43.8%
Pretax Income $2.800M $2.290M $2.031M
YoY Change 61.85% 12.73% -3.98%
Income Tax $420.0K $330.0K $257.0K
% Of Pretax Income 15.0% 14.41% 12.65%
Net Earnings $2.350M $1.922M $1.743M
YoY Change 67.86% 10.27% -5.41%
Net Earnings / Revenue 29.16% 24.21% 22.75%
Basic Earnings Per Share
Diluted Earnings Per Share $1.01 $0.82 $0.81
COMMON SHARES
Basic Shares Outstanding 21.03M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.31M $23.84M $18.04M
YoY Change 5.43% 32.15% 150.21%
Cash & Equivalents $23.15M $23.67M $17.95M
Short-Term Investments $160.0K $160.0K $90.00K
Other Short-Term Assets $2.770M $1.580M $570.0K
YoY Change 2977.78% 177.19% -27.85%
Inventory $2.346M $1.820M $6.822M
Prepaid Expenses $375.5K $59.77K
Receivables $14.48M $10.74M $4.670M
Other Receivables $535.7K $4.810M $724.2K
Total Short-Term Assets $44.73M $42.79M $34.41M
YoY Change 25.88% 24.34% 24.96%
LONG-TERM ASSETS
Property, Plant & Equipment $10.32M $10.27M $4.962M
YoY Change -6.48% 106.99% -16.05%
Goodwill $0.00
YoY Change
Intangibles $0.00 $40.84K
YoY Change
Long-Term Investments $5.695M $5.377M $5.090M
YoY Change 19.47% 5.63% -55.89%
Other Assets $6.200M $5.830M $4.450M
YoY Change 29.44% 31.01% 9.88%
Total Long-Term Assets $23.56M $22.81M $22.21M
YoY Change 9.48% 2.73% -3.96%
TOTAL ASSETS
Total Short-Term Assets $44.73M $42.79M $34.41M
Total Long-Term Assets $23.56M $22.81M $22.21M
Total Assets $68.28M $65.60M $56.62M
YoY Change 19.7% 15.86% 11.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $158.1K $433.6K $191.9K
YoY Change -39.16% 125.96% 0.99%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.664M $2.918M $2.520M
YoY Change -3.0% 15.79% -28.62%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.030M $5.450M $6.030M
YoY Change -23.09% -9.62% 8.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.030M $5.450M $6.030M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $5.031M $5.447M $6.029M
YoY Change -23.05% -9.66% -5.65%
SHAREHOLDERS EQUITY
Retained Earnings $39.06M $36.79M $29.48M
YoY Change 26.68% 24.8%
Common Stock $21.03K $21.03K $19.32K
YoY Change 8.87% 8.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $62.17M $59.12M $49.64M
YoY Change
Total Liabilities & Shareholders Equity $68.28M $65.60M $56.62M
YoY Change 19.7% 15.86% 11.76%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $2.350M $1.922M $1.743M
YoY Change 67.86% 10.27% -5.41%
Depreciation, Depletion And Amortization $130.0K $150.0K $200.0K
YoY Change -51.85% -25.0% 25.0%
Cash From Operating Activities -$1.360M -$1.230M $640.0K
YoY Change -142.5% -292.19% -142.38%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $960.0K $1.090M $2.650M
YoY Change -21.31% -58.87% -3412.5%
Cash From Investing Activities $960.0K $1.090M $2.650M
YoY Change -21.31% -58.87% -3412.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -220.0K -190.0K -300.0K
YoY Change -184.62% -36.67% -350.0%
NET CHANGE
Cash From Operating Activities -1.360M -1.230M 640.0K
Cash From Investing Activities 960.0K 1.090M 2.650M
Cash From Financing Activities -220.0K -190.0K -300.0K
Net Change In Cash -620.0K -330.0K 2.990M
YoY Change -113.25% -111.04% -303.4%
FREE CASH FLOW
Cash From Operating Activities -$1.360M -$1.230M $640.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Amendment Flag
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SHINECO, INC.
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us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><i><font style="FONT-SIZE: 10pt">Use of Estimates</font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements as well as the reported amounts of revenue and expenses during the reporting period. Significant estimates required to be made by management include, but are not limited to, useful lives of property, plant, and equipment, and intangible assets, the recoverability of long-lived assets and the valuation of accounts receivable, accrued expenses, taxes payable and inventory reserve. Actual results could differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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