Shineco, Inc., through its subsidiary, Dream Partner Limited (Dream Partner), integrates the production, processing, export, and domestic trade of cocoon silk products in the silk manufacturing industrial chain.
Dream Partner owns several large-scale sericulture bases in mainland China, where it can use them to cultivate silkworm cocoons, which is the raw material for silk production. Dream Partner also has production plant equipped with advanced machinery, such as Italian rapier looms to produ...
Shineco, Inc., through its subsidiary, Dream Partner Limited (Dream Partner), integrates the production, processing, export, and domestic trade of cocoon silk products in the silk manufacturing industrial chain.
Dream Partner owns several large-scale sericulture bases in mainland China, where it can use them to cultivate silkworm cocoons, which is the raw material for silk production. Dream Partner also has production plant equipped with advanced machinery, such as Italian rapier looms to produce silk fabric. Dream Partner’s products are sold domestically and globally, mainly in India. Dream Partner cooperates with a number of scientific research institutions conducting silk fabric innovative research and development and market applications, and launching a variety of new functional silk fabrics, which possess various qualities, such as waterproof, oilproof, antibacterial, antiviral and other characters, in response to market demand. Dream Partner advocates a healthy, comfortable, and tasteful lifestyle, creates economic and social benefits with high value-added products, and enhances the core competitiveness of enterprises. Dream Partner generates revenue from the following three streams:
Processing and Distributing Agricultural Produce as well as Growing and Cultivating Mulberry Trees and Silkworm Cocoons: Dream Partner breeds silkworms and produces related agricultural products and continues to develop the sericulture base. Dream Partner works closely with domestic scientific research institutions to promote mulberry seeds, silkworm seeds and advanced production modes according to local conditions, reduce the risk of sericulture planting, reduce labor intensity and increase farmers’ income. The adequate output and high quality of silkworm cocoons in the company’s own sericulture base, but also can satisfy the outside customers. Dream Partner also carries out fruit distribution business through collaboration with many domestic fruit traders, and continuously expands the domestic market with high quality imported fruits. Dream Partner imports high quality fruits mainly from Southeast Asian countries, such as Thailand and Malaysia.
Processing and Distributing Silk and Silk Fabrics as well as other By-Products: Processing and distributing silk and silk fabrics is the company’s major business. The company conducts this segment of its business relying on its own bases and factory. Through the integrated operation system of trade, industry and agriculture, it could achieve real and controllable raw materials, and control the production cycles. Dream Partner continues to innovate and upgrade, introduced advanced intelligent manufacturing equipment, improved production efficiency and product quality, developed innovative varieties, and had strong market competitiveness. The company’s silk textiles are sold domestically and globally, mainly in India.
Distributing Automotive Batteries for Production of Electric Automotive: Dream Partner exports automotive batteries to the U.S. automakers for manufacturing electric automotives. Due to the new policy requirements of manufacturing returning to the United States introduced in the second half of 2022, American automobile manufacturers have adjusted their procurement strategies accordingly and selected more products produced and assembled in the United States. After this, the company’s revenue from sale of automotive batteries declined significantly.
Research and Development
For the year ended June 30, 2023, the company’s research and development expenses included US$135,849.
History
Shineco, Inc. was incorporated in the state of Delaware in 1997.