Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 255

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 255
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 and operations in the PRC to comply with changing and new PRC laws and regulations. In the opinion of management, the likelihood of loss in respect of the Company’s current corporate structure or the Contractual Arrangements is remote based on current facts and circumstances.

NOTE 12 - SEGMENT REPORTING

An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses, and is identified on the basis of the internal financial reports that are provided to and regularly reviewed by the Company’s chief operating decision maker in order to allocate resources and assess performance of the segment.

The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different services. Based on management’s assessment, the Company has determined that it hasthreeoperating segments by service type as defined by ASC 280, including Auto Insurance Aftermarket Value-added Services, Other Scenario-based Customized Services and Software Development and Information Technology Services.

F-34

Table of Contents

As of March 31, 2025 and 2024, the main operations of the Company are located in the PRC. Substantially all of the Company’s assets are located in China and all revenue was derived from customers located in China. The following tables present summary information by segment for the years ended March 31, 2025, 2024 and 2023, respectively:
For the year ended March 31, 2025
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Software
Development
Auto Insurance Other and
Aftermarket Scenario-based Information
Value-added Customized Technology
Services Service Services
Revenues $ 63,398,860 $ 7,437,448 $ 616,428 71,452,736
Cost of revenues 57,116,307 6,481,279 468,562 64,066,148
Gross profit 6,282,553 956,169 147,866 7,386,588
Operating expenses 2,295,563 269,297 22,320 2,587,180
Income from operations 3,986,990 686,872 125,