---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-043323"
form_type: "8-K/A"
ticker: null
cik: "0001300734"
company_name: "SHINECO, INC."
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:14:48.170527+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Shineco files audited financials of acquired Dream Partner; FY2023 net loss of $512k vs prior-year profit

## Summary
- Dream Partner revenue flat at ~$48.6M in FY2023 ending June 30, but net loss attributable of $511.7k vs $2.0M net income in prior year.
- Gross profit fell from $4.0M to $1.2M, with cost of revenue rising to 97.5% of sales from 91.7%.
- Total assets $23.5M, total liabilities $23.2M, shareholders' deficit $878k as of June 30, 2023.
- Cash flow from operations improved to $1.9M in FY2023 from negative $948k in prior year.
- Dream Partner is a BVI holding company with PRC subsidiaries engaged in silk and agricultural product trading.

## SEC filing metadata
- accession: 0001493152-23-043323
- form_type: 8-K/A
- cik: 0001300734
- company_name: SHINECO, INC.
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01, 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1300734/000149315223043323/0001493152-23-043323-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1300734/000149315223043323/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-043323
- JSON: https://secwatch.observer/filing/0001493152-23-043323.json
- Plain text: https://secwatch.observer/filing/0001493152-23-043323.txt

## Key facts
- M&A Transactions
  SHINECO, INC. completed an acquisition involving Dream Partner (closed 2023-09-19).
  - Action: acquisition
  - Counterparty: Dream Partner
  - Closing: 2023-09-19
  source text: the Company consummated the Acquisition of Dream Partner on September 19, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1300734/000149315223043323/0001493152-23-043323-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.