Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 120

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 120
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 campaigns to target more consumers, and we were engaged by insurance companies and brokerages to post their ads through various social media platforms such as Douyin and WeChat, etc. This led to an increase in the average service price the YSX Operating Companies charged customers for other scenario-based customized services by approximately $397,217, or 134.7%, from $294,806 in fiscal year 2023 to $692,023 in fiscal year 2024. In addition, the number of customers for such services increased by 5 or 41.7%, from 12 customers in fiscal year 2023 to 17 customers in fiscal year 2024. In the second half of fiscal year 2025, insurance companies and brokerages reduced their marketing campaigns to target more consumers, and our engagement by insurance companies and brokerages to post their ads through various social media platforms also decreased. As a result, the average service price the YSX Operating Companies charged customers for such services decreased by approximately $278,831 per customer or 40.3%, from fiscal year 2024 to fiscal year 2025. This led to a decrease in our revenue from scenario-based customized services by $4.3 million, or 36.8%, when comparing fiscal year 2025 to fiscal year 2024.

Revenue from Software Development and Information Technology Services

Our revenue from providing software development and information technology services to customers decreased by approximately $0.6 million, or 49.5%, from approximately $1.2 million in fiscal year 2024 to approximately $0.6 million in fiscal year 2025, primarily because of the decrease in the number of customers for software development and information technology services by 57.1% from 7 customers in fiscal year 2024 to 3 customers in fiscal year 2025. The average service price we charged customers for such services increased by approximately $31,074, or 17.8%, from $174,402 in fiscal year 2024 to $205,476 in fiscal year 2025. The overall decrease in our revenue from providing software development and information technology services in fiscal year 2025 reflected these combined factors.

Our revenue from providing software development and information technology services to customers decreased by approximately $2.0 million, or 62.5%, from approximately $3.3 million in fiscal year 2023 to approximately $1.2 million in fiscal year 2024, primarily because the number of customers for software development and information