Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 226

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 226
---
14,099, $93,986and $237,119, respectively.
Disaggregation of revenue
The Company disaggregates its revenue from contracts by service types, as the Company believes it best depicts how the nature, amount, timing and uncertainty of the revenue and cash flows are affected by economic factors. The Company’s disaggregation of revenues for the years ended March 31, 2025, 2024 and 2023 are as follows:
Revenue by service types
The Company’s revenue derived from different service types are set forth below:
For the years ended March 31,
2025 2024 2023
────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
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 software 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 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 taxes
The Company accounts 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 expected to apply to taxable income in the 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