Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 150

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 150
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───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue from auto insurance aftermarket value-added services                $                                         63,398,860      $         45,561,529      $         42,438,636  
  Revenue from other scenario-based customized services                                                                  7,437,448                11,764,389                 3,537,667  
  Revenue from Isoftware development and information technology services                                                   616,428                 1,220,811                 3,257,244  
  Total revenue                                                               $                                         71,452,736      $         58,546,729      $         49,233,547  

Revenue by customer types

The Company’s revenue by customer types is set forth below:

                                            For the fiscal year ended March 31,                                                                      
                                            2025                                                     2024                      2023                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue from third-party customers        $                                        51,558,098      $         46,618,820      $         42,132,930  
  Revenue from related party customers                                               19,894,638                11,927,909                 7,100,617  
  Total revenue                             $                                        71,452,736      $         58,546,729      $         49,233,547  

Income Tax

We account for current income taxes in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets and liabilities are measured using enacted tax rates applicable to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

An uncertain tax position is recognized only if it is “more likely than not” that the tax position would be sustained in a tax examination. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Penalties and interest incurred