Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 113

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 113
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 services to customers by approximately $17.8 million or 39.1%, because the YSX Operating Companies obtained more auto insurance aftermarket value-added service contracts from various insurance companies and brokerages and provided an increased volume of auto insurance aftermarket value-added services to auto insurance policy holders in fiscal year 2025 as compared to fiscal year 2024. In addition, our average price charged to customers for providing auto insurance aftermarket value-added services increased by approximately $1.4, or 11.7%, from fiscal year 2024 as a result of change in service mix. On the other hand, our revenue from other scenario-based customized services decreased by approximately $4.3 million, or 36.8%, since the average service price the YSX Operating Companies charged customers for other scenario-based customized services decreased by approximately 40.3% from fiscal year 2024 to fiscal year 2025. Our revenue from providing software development and information technology services to customers decreased by approximately $0.6 million, or 49.5%, from approximately $1.2 million in fiscal year 2024 to approximately $0.6 million in fiscal year 2025, primarily because the number of customers for software development and information technology services decreased by 57.1% from seven customers in fiscal year 2024 to three customers in fiscal year 2025. The overall increase in our revenue in fiscal year 2025 as compared to fiscal year 2024 reflected these combined factors.

Our total revenue increased by $9,313,182, or 18.9%, to $58,546,729 in fiscal year 2024 from $49,233,547 in fiscal year 2023. The increase in our revenue was primarily due to an increase in our revenue from other scenario-based customized services by approximately $8.2 million, since the number of customers for such services increased by 41.7%, from 12 customers in fiscal year 2023 to 17 customers in fiscal year 2024. In addition, revenue from value-added services increased by approximately $3.1 million because the YSX Operating Companies obtained more auto insurance aftermarket value-added service contracts from various insurance companies and brokerages and provided an increased volume of auto insurance aftermarket value-added services to auto insurance policy holders in the fiscal year 2024 as compared to the fiscal year 2023.

Our revenue by service type is as follows:

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