XML 87 R76.htm IDEA: XBRL DOCUMENT
v3.24.3

SCHEDULE OF SHORT TERM BANK LOANS (Details) - USD ($) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 | Jun. 30, 2024
Short-Term Debt [Line Items] |  |  |  |
Total short-term bank loans | $ 13,723,970 |  | $ 13,512,595 |
Jiangnan Rural Commercial Bank [Member] |  |  |  |
Short-Term Debt [Line Items] |  |  |  |
Total short-term bank loans | $ 427,662 | [1] | $ 412,800 | [2]
Maturity date | 2025/5/21 | [1] | 2025/5/21 | [2]
Interest rate | 4.65% | [1] | 4.65% | [2]
Bank of Jiangsu [Member] |  |  |  |
Short-Term Debt [Line Items] |  |  |  |
Total short-term bank loans | $ 419,964 |  | $ 405,369 |
Maturity date | 2025/1/20 |  | 2025/1/20 |
Interest rate | 4.00% |  | 4.00% |
Bank of China One [Member] |  |  |  |
Short-Term Debt [Line Items] |  |  |  |
Total short-term bank loans | $ 420,535 | [3] | $ 405,920 | [4]
Maturity date | 2024/6/26 | [3] | 2024/6/26 | [4]
Interest rate | 4.90% | [3] | 4.90% | [4]
United Overseas Bank [Member] |  |  |  |
Short-Term Debt [Line Items] |  |  |  |
Total short-term bank loans | $ 9,533,450 | [5] | $ 9,536,508 | [6]
Maturity date | October 2024- March 2025 | [5] | July 2024 - December 2024 | [6]
Interest rate | 4.20% | [5] | 4.20% | [6]
Industrial and Commercial Bank of China One [Member] |  |  |  |
Short-Term Debt [Line Items] |  |  |  |
Total short-term bank loans | $ 427,662 |  | $ 412,800 |
Maturity date | 2025/06/20 |  | 2025/06/20 |
Interest rate | 3.75% |  | 3.75% |
Bank of China [Member] |  |  |  |
Short-Term Debt [Line Items] |  |  |  |
Total short-term bank loans | $ 427,662 | [7] | $ 412,800 | [8]
Maturity date | 2025/2/7 | [7] | 2025/2/7 | [8]
Interest rate | 3.45% | [7] | 3.45% | [8]
Chongquing Rural Commercial Bank [Member] |  |  |  |
Short-Term Debt [Line Items] |  |  |  |
Total short-term bank loans | $ 1,354,264 | [9] | $ 1,307,199 | [10]
Maturity date | 2025/3/18 | [9] | 2025/3/18 | [10]
Interest rate | 4.30% | [9] | 4.30% | [10]
Industrial and Commercial Bank of China Two [Member] |  |  |  |
Short-Term Debt [Line Items] |  |  |  |
Total short-term bank loans | $ 712,771 | [11] | $ 619,199 | [12]
Maturity date | 2025/9/20 | [11] | 2024/9/22 | [12]
Interest rate | 3.10% | [11] | 3.45% | [12]
[1] | Guaranteed by Mr. Liu Fengming, the former CEO of the Company, Beijing Kanghuayuan Technology, one of the shareholders of the Company and pledged by the patent rights of the Company.
[2] | Guaranteed by Mr. Liu Fengming, the former CEO of the Company, Beijing Kanghuayuan Technology, one of the shareholders of the Company and pledged by the patent rights of the Company.
[3] | Guaranteed by Mr. Liu Fengming, the former CEO of the Company, and his wife, Ms. Jie Liang. Upon the maturity of the loan, the bank offered the Company an extension, however, the Company failed to sign the extension agreement due to an administrative issue. As of the date of this report, the Company has not received any notice from the bank for repayment, and it expects to continue using this bank facility.
[4] | Guaranteed by Mr. Liu Fengming, the former CEO of the Company, and his wife, Ms. Jie Liang. Upon the maturity of the loan, the bank offered the Company an extension, however, the Company failed to sign the extension agreement due to an administrative issue. As of the date of this report, the Company has not received any notice from the bank for repayment, and it expects to continue using this bank facility.
[5] | Guaranteed by Ms. Wang Xiaohui and Mr. Chi Keung Yan, two of the shareholders of the Company, and the family member of Ms. Wang Xiaohui, Chongqing Huajian, Chongqing Yufan and Chongqing Yiyao Electromechanical Co., Ltd. In addition, Chongqing Huajian and Chongqing Yufan also pledged their properties as collateral to guarantee the Company’s loans from United Overseas Bank. As of the date of this report, the Company borrowed additional loans of approximately US$2.5 million under this loan agreement.
[6] | Guaranteed by Ms. Wang Xiaohui and Mr. Chi Keung Yan, two of the shareholders of the Company, and the family member of Ms. Wang Xiaohui, Chongqing Huajian, Chongqing Yufan and Chongqing Yiyao Electromechanical Co., Ltd. In addition, Chongqing Huajian and Chongqing Yufan also pledged their properties as collateral to guarantee the Company’s loans from United Overseas Bank. As of the date of this report, the Company borrowed additional loans of approximately US$4.2 million under this loan agreement.
[7] | Guaranteed by Ms. Wang Xiaohui and her family member, as well as the other subsidiary of the Company, Chongqing Wintus. In addition, Chongqing Huajian and another third party pledged their properties to guarantee the Company’s loan from Bank of China.
[8] | Guaranteed by Ms. Wang Xiaohui and her family member, as well as the other subsidiary of the Company, Chongqing Wintus. In addition, Chongqing Huajian and another third party pledged their properties to guarantee the Company’s loan from Bank of China.
[9] | Guaranteed by Ms. Wang Xiaohui, one of the shareholders of the Company, her family members, and Chongqing Huajian. The loan is also guaranteed by other subsidiaries of the Company, Wulong Wintus Silk Co., Ltd (“Wulong Wintus”), Chongqing Hongsheng Silk Co., Ltd and Chongqing Liangping Wintus Textile Ltd (“Liangping Wintus”). In addition, Chongqing Huajian pledged its properties to guarantee the Company’s loan from Chongqing Rural Commercial Bank.
[10] | Guaranteed by Ms. Wang Xiaohui, one of the shareholders of the Company, her family members, and Chongqing Huajian. The loan is also guaranteed by other subsidiaries of the Company, Wulong Wintus Silk Co., Ltd (“Wulong Wintus”), Chongqing Hongsheng Silk Co., Ltd and Chongqing Liangping Wintus Textile Ltd (“Liangping Wintus”). In addition, Chongqing Huajian pledged its properties to guarantee the Company’s loan from Chongqing Rural Commercial Bank.
[11] | The loan is guaranteed by Chongqing Wintus, a subsidiary of the Company. In addition, the Company’s properties with net book values of US$623,712 were pledged as collateral to secure this loan.
[12] | Guaranteed by the other subsidiary of the Company, Chongqing Wintus. In addition, the Company’s properties with net book values of US$605,195 were pledged as collateral to secure this loan as of June 30, 2024. The loan was fully repaid upon maturity.

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_DebtInstrumentMaturityDateDescription
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Carrying value as of the balance sheet date of current portion of long-term loans payable to bank due within one year or the operating cycle if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(13)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1 + Details
Name: | us-gaap_LoansPayableToBankCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ShortTermDebtLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=SISI_JiangnanRuralCommercialBankMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=SISI_BankOfJiangsuMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=SISI_BankOfChinaOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=SISI_UnitedOverseasBankMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=SISI_IndustrialAndCommercialBankOfChinaOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=SISI_BankOfChinaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=SISI_ChongquingRuralCommercialBankMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=SISI_IndustrialAndCommercialBankOfChinaTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |