Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 245

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 245
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ong”) Auto insurance aftermarket value-added services $ 19,894,638 $ 11,927,909 $ 7,100,617
Total Total $ 19,894,638 $ 11,927,909 $ 7,100,617
Accounts receivable
As of March 31,
Name Nature of service contract 2025 2024
Guangzhou Dayong Insurance Agency Co. Ltd. (“ Dayong”) Auto insurance aftermarket value-added services $ 5,381,535 $ 2,871,872
Total $ 5,381,535 $ 2,871,872
During the years ended March 31, 2025, 2024 and 2023, the Company provided auto insurance aftermarket value-added services and software development and information technology services to certain related parties and generated related service revenue. As of March 31, 2025 and 2024, the outstanding accounts receivable from related parties amounted to $5,381,535and $2,871,872, respectively. The March 31, 2024 accounts receivable from related parties have been fully collected. The March 31, 2025 accounts receivable from related parties have been fully collected as of the date of this report.

F-28

Table of Contents

c. Due from a related party
Due from a related party consists of the following:
As of March 31
Name 2025 2024
Mr. Jie Xiao $ 198,611 $
Total due from a related party $ 198,611 $
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The Company has, in the past, advanced cash to related parties for business purpose and recorded advances as due from related parties in the consolidated financial statements. Such advances were non-interest bearing and due upon demand. The amounts due from a related party as of March 31, 2025, has been subsequently collected.
d. Due to related parties
Due to related parties consists of the following:
As of March 31
Name 2025 2024
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Mr. Jie Xiao $ 137,805 $ 416,068
Mr. Bin Wang 3,430 1,489
Total due to related parties $ 141,235 $ 417,557
As of March 31, 2025 and 2024, the balance of due to related parties was comprised of an advance from the