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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
REVENUE $ 33,592,337 $ 35,206,852
COST OF REVENUE    
Cost of product and services 22,776,035 24,037,241
Business and sales related tax 75,974 85,038
Total cost of revenue 22,852,009 24,122,279
GROSS PROFIT 10,740,328 11,084,573
OPERATING EXPENSES    
General and administrative expenses 1,813,402 1,988,101
Selling expenses 1,480,855 1,755,264
Total operating expenses 3,294,257 3,743,365
INCOME FROM OPERATIONS 7,446,071 7,341,208
OTHER INCOME    
Income from equity method investments 927,697 672,269
Purchase rebate income 1,136,162 1,124,258
Other income 348,181 197,390
Interest income, net 14,171 135,404
Total other income 2,426,211 2,129,321
INCOME BEFORE PROVISION FOR INCOME TAXES 9,872,282 9,470,529
PROVISION FOR INCOME TAXES 1,252,637 1,177,707
NET INCOME 8,619,645 8,292,822
Less: net income attributable to non-controlling interest 149,991 155,926
NET INCOME ATTRIBUTABLE TO SHINECO, INC. 8,469,654 8,136,896
COMPREHENSIVE INCOME    
Net income 8,619,645 8,292,822
Other comprehensive loss: foreign currency translation loss (1,271,036) (3,991,356)
Total comprehensive income 7,348,609 4,301,466
Less: comprehensive income attributable to non-controlling interest 132,008 107,219
COMPREHENSIVE INCOME ATTRIBUTABLE TO SHINECO, INC. $ 7,216,601 $ 4,194,247
Weighted average number of shares basic and diluted 20,616,335 19,320,882
Basic and diluted earnings per common share $ 0.41 $ 0.42