Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 121

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 121
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 technology services decreased by 22.2% from 9 customers in fiscal year 2023 to 7 customers in fiscal year 2024. In addition, average service price charged to customers for such services decreased by approximately $187,514, or 51.8%, from $361,916 in fiscal year 2023 to $174,402 in fiscal year 2024.

Table of Contents

Cost of Revenue

Our cost of revenues primarily includes subcontract costs, service management and maintenance costs, labor costs and sales taxes. The cost of revenue is generally affected by various factors, including the availability of the third-parties vendors to perform certain auto insurance aftermarket value-added services, subcontract costs, service volume and service mix changes.

                                                                                                                    %                          %                          %                   
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cost of revenue associated with auto insurance aftermarket value-added services               57,116,307       89.2      40,634,065       78.8      36,591,586       86.9       16,482,242  
  Cost of revenue associated with other scenario-based customized services                       6,481,279       10.1      10,028,326       19.4       2,936,083        7.0      (3,547,047)  
  Cost of revenue associated with software development and information technology services         468,562        0.7         921,411        1.8       2,554,628        6.1        (452,849)  
  Total revenue                                                                                 64,066,148      100.0      51,583,802      100.0      42,082,297      100.0       12,482,346  

The following table further breakdown the component of our cost of revenue for the fiscal years ended March 31, 2025, 2024 and 2023:

                                                                                                                                                                          %                            %  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Subcontract costs associated with value-added services:                                                                                                                                                 
  Vehicle safety inspection and check services                                                     2,218,577       1,637,886       3,477,127           580,691         35.5