Shineco, Inc.

NASDAQ:

TYHT

Shineco, Inc. is principally engaged in the production and distribution of Chinese herbal medicines, organic agricultural produce, specialized textiles, and other health and well-being focused plant-based products in China. Shineco utilizes modern engineering technologies and biotechnologies to increase control over the production cycle and to monetize research.
Since its founding in 1997, Shineco has been committed to processing traditional agricultural products into more highly value-added products. Shineco focuses on research and development, planting and cultivation, medicinal extraction and controlling the entire industry chain control to ensure that it can provide excellent products under more efficient and cost-effective methods.
Shineco produces its products in factories in mainland China, including traditional Chinese herbal medicine products, organic agricultural products and specialized fabrics, textiles and other byproducts derived from an indigenous Chinese plant Apocynum Venetum, grown in the Xinjiang region of China, and known in Chinese as "Luobuma" or "bluish dogbane". To facilitate the distribution of our traditional Chinese medicinal products and Western medicines, Shineco operates 13 pharmacies and cooperate with another 66 pharmacies in China. Shineco also sells products on the Anhui Bozhou Chinese medicine transaction market, to medical materials company, such as Qianhe Pharmaceutical Industry Co., and to Chinese patent medicine factories, such as Wanxi Pharmaceutical Factory. The Luobuma product distribution networks consists of 20 distributors with a total of144 outlets, including flagship stores, retail stores and sales counters. Shineco also sells its Luobuma textile products online through third party e-commerce websites, such as Taobao, Tmall and 360buy. Shineco's yew trees and agricultural products are primarily sold through its sales personnel and group and institutional sales.
Shineco's core technology and its derivative applications for the Luobuma business are covered by the Company's nine patents filed in China. Presently it holds one patent in in the People's Republic of China for Luobuma fiber yarn preparation and an application method(patent number: 201110429362.9). As of June 30,2017, The company has 380 employees.

Key Facts

Auditor

Public Listing

Domicile

HQ/Management

Location of Key Operations

IR Contact

Centurion ZD CPA Ltd

IPO (September 28, 2016)

Delaware, USA

Beijing, China

Internal

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