trending Market Intelligence /marketintelligence/en/news-insights/trending/8dOlpKy1PniEq-siGY_QUA2 content esgSubNav
In This List

Shineco fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Shineco fiscal Q1 profit falls YOY

Shineco Inc. said its normalized net income for the fiscal first quarter ended Sept. 30, 2015, was 5 cents per share, a decrease from 6 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.1 million, a decrease from $1.1 million in the prior-year period.

The normalized profit margin fell to 14.6% from 15.9% in the year-earlier period.

Total revenue grew 7.0% year over year to $7.3 million from $6.8 million, and total operating expenses climbed 9.7% year over year to $5.9 million from $5.4 million.

Reported net income fell 12.5% year over year to $1.4 million, or 7 cents per share, from $1.5 million, or 8 cents per share.