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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
REVENUE $ 7,809,494 $ 6,366,664
COST OF REVENUE    
Cost of product and services 5,705,511 4,436,172
Business and sales related tax 15,613 15,545
Total cost of revenue 5,721,124 4,451,717
GROSS PROFIT 2,088,370 1,914,947
OPERATING EXPENSES    
General and administrative expenses 835,551 473,764
Selling expenses 294,936 380,318
Total operating expenses 1,130,487 854,082
INCOME FROM OPERATIONS 957,883 1,060,865
OTHER INCOME    
Income from equity method investments 148,458 161,182
Purchase rebate income 368,803 239,990
Other income 85,619 85,901
Interest income (expense), net (19,185) 32,753
Total other income 583,695 519,826
INCOME BEFORE PROVISION FOR INCOME TAXES 1,541,578 1,580,691
PROVISION FOR INCOME TAXES 282,857 201,636
NET INCOME 1,258,721 1,379,055
Less: net income attributable to non-controlling interest 2,831 30,348
NET INCOME ATTRIBUTABLE TO SHINECO, INC. 1,255,890 1,348,707
COMPREHENSIVE INCOME    
Net income 1,258,721 1,379,055
Other comprehensive income (loss): foreign currency translation gain (loss) 1,469,410 (196,681)
Total comprehensive income 2,728,131 1,182,374
Less: comprehensive income attributable to non-controlling interest 22,853 26,626
COMPREHENSIVE INCOME ATTRIBUTABLE TO SHINECO, INC. $ 2,705,278 $ 1,155,748
Weighted average number of shares basic and diluted 21,034,072 19,376,747
Basic and diluted earnings per common share $ 0.06 $ 0.07