Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 128

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 128
---
 optimize their data management system and mobile app.

Research and development expenses increased by $10,118, or 4.4%, from $229,934 for the fiscal year 2024 to $240,052 for the fiscal year 2025, primarily due to increased salary and welfare expenses paid to our research and development personnel by $11,027 or 6.4%.

Research and development expenses decreased by $24,312, or 9.6%, from $254,246 for the fiscal year 2023 to $229,934 for the fiscal year 2024, primarily due to decreased salary and welfare expenses paid to our research and development personnel by $10,939 or 5.9% and a decrease in other R& D expenses by $12,748, or 42.5%, due to reduced business travel associated with R& D activities.

As a percentage of revenues, research and development expenses were 0.3%, 0.4% and 0.5% of our revenue for the years ended March 31, 2025, 2024 and 2023, respectively.

Other income (expenses), net

Other income (expenses) primarily included interest income, interest expenses, investment income, and other non-operating income or expenses.

                                                              %                           %                         %                 
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Interest expenses                       (159,298)       159.1      (139,752)      (137.0)      (83,543)      (30.2)       (19,546)  
  Interest income                             1,100       (1.1)          1,468          1.4           964         0.3          (368)  
  Investment income                          20,295      (20.3)         33,013         32.4        31,506        11.4       (12,718)  
  Other income                               65,021      (64.9)        218,697        214.4       338,951       122.7      (153,676)  
  Other non-operating expenses             (27,257)        27.2       (11,400)       (11.2)      (11,677)       (4.2)       (15,857)  
  Total other income (expenses), net      (