Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 219

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 219
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 PRC and approximately $5,817,823and $3,787,797, respectively, were not insured by the PRC financial institution deposit insurance program.
Short-term investment
The Company’s short-term investments consist of wealth management financial products purchased from PRC banks or financial institution with maturities within one year. The banks or financial institution invest the Company’s funds in certain financial instruments including money market funds, bonds or mutual funds, with average rate of return on these investments of1.95% to2.25% per annual. The carrying values of the Company’s short-term investments approximate fair value because of their short-term maturities. The interest earned is recognized in the consolidated statements of comprehensive income over the contractual term of these investments.

F-12

Table of Contents

Short-term investment consisted of the following:
March 31, March 31,
2025 2024
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Beginning balance $ 2,103,762 $ 1,461,807
Add: purchase additional wealth management financial products - 2,096,934
Less: proceeds received upon maturity of short-term investment ( 2,105,016) ( 1,397,956)
Interest receivable - 19,146
Foreign currency translation adjustments 1,254 ( 76,169)
Ending balance of short-term investment $ - $ 2,103,762
The Company recorded investment income of $20,295, $26,797and $29,190for the years ended March 31, 2025, 2024 and 2023, respectively. The short-term investment held as of March 31, 2024 was fully redeemed on October 9, 2024. The Company did not purchase additional short-term investment as of the date of the consolidated financial statements were issued.
Accounts receivable, net
Accounts receivable include service fees generated from the Company’s auto insurance aftermarket value-added services, other scenario-based customized services and software development and information technology services.
Accounts receivable represent balances due from customers and are recorded net of allowance for credit loss.
On April 1, 2023, the Company adopted ASC 326, Credit Losses, which replaced previously issued guidance regarding the impairment of financial instruments with an expected loss methodology that will result in more timely recognition of credit losses. The Company used a modified retrospective approach and did not restate the comparable prior periods.
The allowance for credit losses reflects