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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
REVENUE $ 7,941,583 $ 7,662,509 $ 25,531,313 $ 27,073,426
COST OF REVENUE        
Cost of product and services 5,319,742 5,470,557 17,007,048 18,110,671
Business and sales related tax 19,264 20,903 53,228 59,469
GROSS PROFIT 2,602,577 2,171,049 8,471,037 8,903,286
OPERATING EXPENSES        
General and administrative expenses 631,640 462,659 2,029,981 1,540,906
Selling expenses 304,182 361,814 1,186,536 1,363,761
Total operating expenses 935,822 824,473 3,216,517 2,904,667
INCOME FROM OPERATIONS 1,666,755 1,346,576 5,254,520 5,998,619
OTHER INCOME        
Income from equity method investments 551,281 567,370 1,545,677 1,503,730
Other income 93,888 89,118 253,196 142,354
Interest income (expense), net (25,414) 28,423 15,124 100,336
Total other income 619,755 684,911 1,813,997 1,746,420
INCOME BEFORE INCOME TAX PROVISION 2,286,510 2,031,487 7,068,517 7,745,039
PROVISIONS FOR INCOME TAXES 328,274 256,953 833,661 883,840
NET INCOME 1,958,236 1,774,534 6,234,856 6,861,199
Less: net income attributable to non-controlling interest 35,829 31,212 116,006 122,161
NET INCOME ATTRIBUTABLE TO SHINECO, INC. 1,922,407 1,743,322 6,118,850 6,739,038
COMPREHENSIVE INCOME        
Net income 1,958,236 1,774,534 6,234,856 6,861,199
Other comprehensive income (loss): foreign currency translation gain (loss) 528,683 355,159 (1,985,492) (2,480,288)
Total comprehensive income 2,486,919 2,129,693 4,249,364 4,380,911
Less: comprehensive income attributable to non-controlling interest 43,720 37,863 80,161 102,090
COMPREHENSIVE INCOME ATTRIBUTABLE TO SHINECO, INC. $ 2,443,199 $ 2,091,830 $ 4,169,203 $ 4,278,821
Weighted average number of shares basic and diluted 21,034,072 19,320,882 20,477,598 19,320,882
Basic and diluted earnings per common share $ 0.09 $ 0.09 $ 0.30 $ 0.35