Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 72

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 72
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 in such region and to stimulate local economy development) by incorporating in the Kashgar Economic Development Zone, which is a special economic zone in Xinjiang Province. The management strategically chose Guangzhou Province, which, according to the China Banking and Insurance Regulatory Commission, was the No.1 province in terms of the total insurance premiums generated in China in 2022, as their principal market. For the fiscal years ended March 31, 2025, 2024 and 2023, 98.8%, 92.9% and 85.9% of our total revenue was generated in Guandong Province, respectively. Going forward, the YSX Operating Companies plan to strategically expand operations in the major cities, both in the Guangdong Province and a few selected provinces of favorable geographic locations. To that end, beginning in 2021, the YSX Operating Companies started cooperating with local business partners in Yunnan Province, Guizhou Province, and Sichuan Province, all of which are geographically located between Guangdong Province and Xinjiang Province. This expansion strategy allows the YSX Operating Companies to take advantage of existing resources, while avoiding the large initial capital outlay.

Our Strengths

We believe the following competitive strengths have contributed to, or will contribute to, our growth:

In-depth Cooperation with Insurance Companies and Brokerage Customers

The YSX Operating Companies possess in-depth knowledge of the insurance industry accumulated through years of working with insurance companies and brokerages, and strive to provide customized service solutions that exceed the expectations of the customers. The YSX Operating Companies have established long-term strategic relationships with many of their insurance companies and brokerage customers, which further help the YSX Operating Companies understand the customers’ business needs and provide service solutions that are designed to meet customers’ expectations.

Strong Technical Capabilities

Having successfully developed and implemented insurance sales and order management applications, YSX Operating Companies position themselves as enterprise service providers with strong technical capabilities. YSX Operating Companies’ in-house technical team has 8 full-time employees, and led by Ms. Ruomei Wu, who co-founded a technology company in 1999, and has served as the general manager of Xihang since 2015. Each of YSX Operating Companies’ technical team member holds a college degree or above, and has extensive experience in technology and system development, as well as in-depth knowledge of the insurance industry.

Diversified Services

The YSX Operating Companies provide diversified services, including auto insurance aftermarket value-added services, software development and information technology