Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 116

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 116
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 volume for vehicle maintenance related services decreased by 1,665,446 service calls, or 46.3%, in fiscal year 2025 as compared to fiscal year 2024, and as a result, revenue from this service decreased by $14.4 million or 35.9%. In fiscal year 2025, we obtained more service contracts from insurance brokerages, instead of insurance companies, and our service contracts with insurance brokerages require YSX Operating Companies to provide more vehicle driving risk screening services, safety inspection and check services and designated driver and rescuing services to auto insurance policy holders, than vehicle maintenance related services. Due to the change in our service mix during fiscal year 2025, our revenues from vehicle driving risk screening services, safety inspection and check services and designated driver and rescuing services increased, but revenue from vehicle maintenance related services decreased as compared to fiscal year 2024.

Table of Contents

Fiscal year 2024 compared to fiscal year 2023

Total revenue from auto insurance aftermarket value-added services increased by $3,122,893, or 7.4%, from $42,438,636 in fiscal year 2023 to $45,561,529 in fiscal year 2024, primarily due to increased service volume of various value-added services performed by approximately 1,022,693 service calls, or 37.0%, from 2,763,899 service calls in fiscal year 2023 to 3,786,592 service calls in fiscal year 2024. To be specific, the increase in revenue in fiscal year 2024 as compared to fiscal year 2023 include the following reasons:

The volume for vehicle maintenance related services increased by 1,121,567 service calls, or 45.3%, and the related service revenue increased by approximately $6.3 million, or 18.5%, in fiscal year 2024 as compared to fiscal year 2023, primarily due to the following reasons:

First, vehicle maintenance related services, such as car washing, windshield and windscreen wiper maintenance, four wheel positioning, tire repair and rotation, vehicle body paint, air conditioning system maintenance, engine inspection and maintenance, oil change, oil filter change, car waxing, and battery services, etc., have a minimum service frequency of twice a year, and as such, service volume for vehicle maintenance is normally higher than that of other auto insurance aftermarket value-added services.

Second, during fiscal year 2023, the YSX Operating Companies