Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 249

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 249
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 of the Company’s total revenue respectively.
As of March 31, 2025, fourcustomers accounted for31.0%,26.3%,22.8% and15.1% of the total accounts receivable balance, respectively. As of March 31, 2024, fourcustomers accounted for23.1%,16.7%,16.5%, and12.8% of the total accounts receivable balance, respectively.
For the year ended March 31, 2025, fourvendors accounted for23.4%,23.3%,13.0% and10.0% of the Company’s total purchases, respectively. For the year ended March 31, 2024, fourvendors accounted for22.6%,17.7%,10.8% and10.1% of the Company’s total purchases, respectively. For the year ended March 31, 2023, threevendors accounted for17.6%,16.7% and13.4% of the Company’s total purchases, respectively.
As of March 31, 2025, twovendors accounted for44.9% and39.6% of the total advances to vendors’ balance, respectively. As of March 31, 2024, fourvendors accounted for31.8%,17.5%,16.3% and15.6% of the total advances to vendors’ balance, respectively.
d)VIE risk
Under the Contractual Agreements with the consolidated VIEs, the Company has the power to direct activities of the consolidated VIEs and subsidiaries of the VIEs through the Company’s relevant PRC subsidiary, and can have assets transferred freely out of the consolidated VIEs and subsidiaries of the VIEs without restrictions. Therefore, the Company considers that there is no asset of the consolidated VIEs that can only be used to settle obligations of the respective consolidated VIEs, except for the registered capital of the consolidated VIEs amounting to approximately $5.4million and $5.4million as of March 31, 2025 and 2024, respectively. Since the consolidated VIEs and VIEs’ subsidiaries are incorporated as limited liability companies under the PRC Law, creditors of the consolidated VIEs and VIEs’ subsidiaries do not have recourse to the general credit of the Company.
The Company believes that the Company’s relevant PRC subsidiaries’ Contractual Arrangements with the consolidated VIEs are in compliance with PRC