Shineco Inc. (SISI)
OTC PINK OTC PINK Primary Summary
SISI Chart
Why Is Shineco (SISI) Stock Down 54% Today?
Shineco (NASDAQ: SISI ) stock is falling hard on Friday after the agricultural produce company announced the pricing of a public offering for its shares. This public offering has Shineco selling 1,869,160 shares of SISI stock for $1.07 each.
Shineco Inc. (SISI) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Shineco Inc. ever had a stock split?
Shineco Inc. Profile
| Specialty Retail Industry | Consumer Discretionary Sector | Jennifer Zhan CEO | OTC PINK Exchange | 824567606 CUSIP |
| CN Country | 119 Employees | - Last Dividend | 11 Aug 2025 Last Split | 28 Sep 2016 IPO Date |
Overview
Shineco, Inc. operates as a diversified company with a focus on agricultural produce and related products. Founded in 1997 and headquartered in Beijing, the People's Republic of China, it has carved a niche in processing and distributing agricultural goods. Through its subsidiaries, Shineco takes a comprehensive approach by engaging in various stages of the agriculture value chain—from cultivation to distribution. The company's activities notably include the cultivation of mulberry trees and breeding of silkworms, showcasing their commitment to traditional and sustainable agricultural practices. In addition, Shineco extends its operations to the fruit distribution sector, evidencing its diversified agricultural portfolio.
Products and Services
- Growing and Cultivation of Mulberry Trees and Silkworm Cocoons
This service underlines Shineco's dedication to sericulture. Growing mulberry trees provides the essential leaves for feeding silkworms, which in turn produce cocoons. These cocoons are the raw material for silk, highlighting the company's role in sustaining the traditional silk production process.
- Distribution of Fruits
Shineco's engagement in the fruit business entails a wide-ranging distribution network. This network ensures that high-quality fruits are accessible to consumers, contributing to the regional agricultural economy while promoting healthy dietary options.
- Processing and Distribution of Silk and Silk Fabrics
Capitalizing on its production of silkworm cocoons, the company processes these raw materials into silk, further fabricating them into various silk products. These silk-based products are distributed both domestically and internationally, showcasing the company’s commitment to delivering high-quality silk items to a wide market.
- Other By-products
In addition to its primary products, Shineco, Inc. also offers various by-products related to its main lines of operation. These by-products leverage the company's agricultural processes, aiming to maximize resource utilization and offer additional value to customers through innovative product offerings.
