XML 23 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
REVENUE $ 35,206,852 $ 32,630,502
COST OF REVENUE    
Cost of product and services 24,037,241 22,204,733
Business and sales related tax 85,038 78,262
GROSS PROFIT 11,084,573 10,347,507
OPERATING EXPENSES    
General and administrative expenses 1,988,101 2,160,666
Selling expenses 1,755,264 1,684,423
Total operating expense 3,743,365 3,845,089
INCOME FROM OPERATIONS 7,341,208 6,502,418
OTHER INCOME    
Income from equity method investments 1,796,527 1,788,288
Other income 197,390 231,908
Interest income, net 135,404 42,502
Total other income 2,129,321 2,062,698
INCOME BEFORE INCOME TAX PROVISION 9,470,529 8,565,116
PROVISIONS FOR INCOME TAXES 1,177,707 1,124,716
NET INCOME 8,292,822 7,440,400
Less: net income attributable to non-controlling interest (155,926) (160,122)
NET INCOME ATTRIBUTABLE TO SHINECO, INC. 8,136,896 7,280,278
COMPREHENSIVE INCOME    
Net income 8,292,822 7,440,400
Other comprehensive income (loss): foreign currency translation gain (loss) (3,991,356) 306,408
Total comprehensive income 4,301,466 7,746,808
Comprehensive income attributable to non-controlling interest (107,219) (153,013)
COMPREHENSIVE INCOME ATTRIBUTABLE TO SHINECO, INC. $ 4,194,247 $ 7,593,795
Weighted average number of shares basic and diluted 19,320,882 19,320,882
Basic and diluted earnings per common share $ 0.42 $ 0.38