Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 189

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 11
Chunk 189
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 year ended March 31, 2025. It is difficult to predict how market forces or PRC or U. S. government policy may impact the exchange rate between the RMB and the U. S. dollar in the future. The change in the value of the RMB relative to the U. S. dollar may affect its financial results reported in the U. S. dollar terms without giving effect to any underlying changes in its business or results of operations. Currently, the Company’s assets, liabilities, revenues and costs are denominated in RMB.

Table of Contents

To the extent that the Company needs to convert U. S. dollars into RMB for capital expenditures and working capital and other business purposes, appreciation of RMB against U. S. dollar would have an adverse effect on the RMB amount the Company would receive from the conversion. Conversely, if the Company decides to convert RMB into U. S. dollar for the purpose of making payments for dividends, strategic acquisition or investments or other business purposes, appreciation of U. S. dollar against RMB would have a negative effect on the U. S. dollar amount available to the Company.

Concentration of customers and vendors

Substantially all revenue was derived from customers located in China. For the year ended March 31, 2025, three third-party customers accounted for 23.5%, 21.6% and 16.0% of the Company’s total revenues, and one related party customer accounted for 27.8% of the Company’s total revenue, respectively. For the year ended March 31, 2024, three third-party customers accounted for 18.4%, 17.1% and 13.0% of the Company’s total revenues, and one related party customer accounted for 20.4% of the Company’s total revenue, respectively. For the year ended March 31, 2023, two third-party customers accounted for 16.0% and 13.3% of the Company’s total revenues, and one related party customer accounted for 14.4% of the Company’s total revenue respectively.

As of March 31, 2025, four customers accounted for 31.0%, 26.3%, 22.8% and 15.1% of the total accounts receivable balance, respectively. As of March 31, 2024, four customers accounted for 23.1%, 16.7%, 16.5%, and 12