Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 129

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 129
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100,139)       100.0        102,026        100.0       276,201       100.0      (202,165)  

Total net other expense increased by $202,165, from net other income of $102,026 in fiscal year 2024 to net other expense of $100,139 in fiscal year 2025. The increase was mainly due to (i) interest expense, which increased by $19,546, or 14.0%, from $139,752 in fiscal year 2024 to $159,298 in fiscal year 2025, mainly due to an increase in the total debt borrowing balance as of March 31, 2025 as compared to March 31, 2024; and (ii) our other income primarily related to a VAT tax refund provided by local tax authorities as an incentive to encourage enterprises to establish their business operations in specific regions and to stimulate local economy development. The other income decreased by $153,676, or 70.3%, from $218,697 in fiscal year 2024 to $65,021 in fiscal year 2025, because we received a higher amount of a VAT tax refund in fiscal year 2024 than we did in fiscal year 2025 and investment income decreased by $12,718, or 38.5%, from $33,013 in fiscal year 2024 to $20,295 in fiscal year 2025. We purchased certain wealth management financial products from PRC banks or financial institution with maturities within one year. The banks or financial institution invest our funds in certain financial instruments, including money market funds, bonds or mutual funds, with an average rate of return on these investments of 1.95% per annum. We cashed out all the short-term investment in fiscal year 2025, and this led to a decrease in investment income in fiscal year 2025 as compared to fiscal year 2024. The overall increase in our net other expenses from fiscal year 2024 to fiscal year 2025 reflected the above factors.

Table of Contents

Total net other income decreased by $174,175, from net other income of $276,201 in fiscal year 2023 to net other income of $102,026 in fiscal year 2024. The decrease was mainly due to (i) interest expense, which increased by $56,209, or 67.3%, from $83,543 in fiscal year 202