Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 109

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 109
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SX Operating Companies.

Table of Contents

Our total revenue increased by approximately $12.9 million, or 22.0%, when comparing fiscal year 2025 to fiscal year 2024, and our total revenue increased by approximately $9.3 million, or 18.9%, when comparing fiscal year 2024 to fiscal year 2023, primarily due, in each case, to the YSX Operating Companies having obtained more service contracts from various insurance companies and brokerages. Pursuant to such service contracts, the YSX Operating Companies provide the following value-added services to their vehicle insurance policy holders on behalf of these insurance companies and brokerages: (i) vehicle safety inspection and check services (such as gearbox inspection, transmission inspection, steering system inspection, multi-point inspection, vehicle electronic system inspection, and brake system inspection, etc.); (ii) vehicle driving risk screening services; (iii) designated driver and rescue services (such as arranging designated drivers to drive alcohol drinkers home safely, car jump-start and towing services); and (iv) vehicle maintenance and other value-added services (such as car wash, windshield and windscreen wiper maintenance, four wheel positioning, tire repair and rotation, vehicle body paint, air conditioning system maintenance, engine inspection and maintenance, oil change, car waxing, and battery services, etc.). The total service volume for the above-mentioned auto insurance aftermarket value-added services increased by approximately 0.93 million service calls, or 24.6%, from approximately 3.79 million service calls in fiscal year 2024 to approximately 4.72 million service calls in fiscal year 2025. In addition, our average price charged to customers for providing auto insurance aftermarket value-added services increased by approximately $1.4, or 11.7%, from fiscal year 2024 to fiscal year 2025, as a result of change in service mix. The total service volume for auto insurance aftermarket value-added services increased by approximately 1.02 million service calls, or 37.0%, from approximately 2.76 million service calls in fiscal year 2023 to approximately 3.79 million service calls in fiscal year 2024. Please see the detailed discussion of the revenue breakdown of the value-added services under “ Results of Operations” below.

Our revenue generated from providing other scenario-based customized services to customers decreased by approximately $4.3 million, or 36.8%, from approximately $11.8 million in fiscal year 2024 to approximately $7.