Shineco

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Shineco.jpg
http://www.shinecobiotech.com/
Shineco Inc
Type Public
Industry Biological health products
Founded 1997
Slogan Build Your Fitness From Biotechnology
Headquarters Beijing, China
Key people Yuying Zhang (CEO), Sam Wang (CFO) [1]
Number of employees 393 [2]

Shineco, Inc., incorporated on August 20, 1997, is a holding company[3]. The Company provides health and well-being focused plant-based products by using its subsidiaries' and variable interest entities' vertically- and horizontally-integrated production, distribution and sales channels. The Company operates through three segments: developing, manufacturing and distributing of specialized fabrics, textile products and other by-products derived from an indigenous Chinese plant called Apocynum Venetum. [4]
The company uses its subsidiaries' and variable interest entities' vertically- and horizontally-integrated production, distribution and sales channels to provide health and well-being focused plant-based products in China. [5]
The company was formerly known as Beijing Tenet Jove Technological Development Co., Ltd. and changed its name to Shineco, Inc. in June 2005.

Products

The products the company sales mainly cover three business areas: medicine and traditional Chinese medicine, apocynum fiber health products, taxus chinensis and other organic agriculture products.

  • It engages in growing and cultivating yew trees whose branches can be used for the production of anti-cancer medication, as well as for ornamental indoor bonsai tree for purifying air quality
  • Planting, processing, and distributing organic fruits and vegetables, such as tomato, eggplants, string beans, and peppers as well as blueberries and wine grapes.
  • Develops, manufactures, and distributes Chinese medicinal herbal products and decoction pieces, including medicines for bone and joint pain, arthritis, respiratory infections, and insomnia, as well as various other common ailments
  • Distributes a range of Western medicines through its wholesale and retail channels.
  • Develops and distributes FIR therapeutic clothing and textile products comprising bedding sets, such as pillows, comforters, and sheets; underwear, T-shirts, and socks, knee and shin pads, waist supports, and other protective clothing like body wraps or protectors for the ankle, elbow, wrist, and knee.

[6]

Controversies

None Reported

Top 5 Recent Tweets

DateAuthorComment
December 06, 2021OryoJohn$NMRK: Newmark Introduces Healthcare Capital Markets Group $SISI: Shineco, Inc. Announces Entering Into a Securit… https://t.co/tIELelL62n
December 06, 2021CrweWorldShineco, Inc. Announces Entering Into a Securities Purchase Agreement with GHS Investments, LLC with Gross Proceeds https://t.co/a6GPdiOvkn
December 06, 2021FlashAlert_me$SISI [15s. delayed]: Issued Press Release on December 06, 16:15:00: Shineco, Inc. Announces Entering Into a Securi… https://t.co/NjF9qWIYWl
December 06, 2021StockNewsBot2$SISI Shineco, Inc. Announces Entering Into a Securities Purchase Agreement with GHS Investments, LLC with Gross Pr… https://t.co/5dLf8OA7xK
December 06, 2021TheTradeXchange$SISI: Shineco, Inc. Announces Entering Into a Securities Purchase Agreement with GHS Investments, LLC with Gross P… https://t.co/Oix2QDOg2N


Top Recent News Headlines

  • Shineco, Inc. Completes Initial Public Offering and Commences Trading on NASDAQ Capital Market - The Company raised approximately $7.7 million in gross proceeds through the issuance of 1,713,190 common shares at a price of $4.50 per share. [7]
  • Shineco, Inc. Announces Board Changes - Yin Weixing and Ji Shujuan resigned from the Board of Directors of the company and from their positions on all board committees on which each serves. [8]

References

  1. http://www.shinecobiotech.com/8126/news/html/?437.html
  2. http://www.nasdaq.com/markets/ipos/company/shineco-inc-647449-77894
  3. http://www.investopedia.com/terms/h/holdingcompany.asp
  4. http://www.reuters.com/finance/stocks/companyProfile?symbol=TYHT.OQ
  5. http://www.prnewswire.com/news-releases/shineco-inc-completes-initial-public-offering-and-commences-trading-on-nasdaq-capital-market-300335653.html
  6. http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=11439473
  7. http://www.prnewswire.com/news-releases/shineco-inc-completes-initial-public-offering-and-commences-trading-on-nasdaq-capital-market-300335653.html
  8. http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=11439473

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