Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 112

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 112
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.2% and 0.2% of our total revenue for the years ended March 31, 2025, 2024 and 2023, respectively.

Our general and administrative expenses primarily consist of employee salaries, welfare and insurance expenses, depreciation and amortization, expected credit loss, rent expense, office supply and utility expenses, and professional service expenses. General and administrative expenses were 3.1%, 2.8% and 2.3% of our revenue for the years ended March 31, 2025, 2024 and 2023, respectively. In terms of dollar amounts, our total general and administrative expenses increased by $608,467 or 37.6%, in fiscal year 2025 compared to fiscal year 2024, and also increased by $500,604, or 44.8%, in the fiscal year 2024 compared to the fiscal year 2023, and the increase was largely due to the increased professional and consulting expenses in connection with our IPO. We expect our general and administrative expenses, including, but not limited to, salaries and business consulting expenses, to continue to increase in the foreseeable future, as we plan to hire additional personnel and incur additional expenses in connection with the expansion of our business operations.

The YSX Operating Companies conduct research and development activities in order to provide software development and information technology services to help customers to optimize their IT software and applications. The research and development expenses primarily consist of salaries, welfare and insurance expenses paid to employees involved in the research and development activities, office rental expenses and other miscellaneous expenses. Research and development expenses were 0.3%, 0.4% and 0.5% of our revenue for the years ended March 31, 2025, 2024 and 2023, respectively. As the YSX Operating Companies continue to enhance their ability to provide more friendly services to satisfy customer demand, we expect the research and development expenses to continue to increase in the foreseeable future.

Table of Contents

Comparison of Results of Operations for the Fiscal Years Ended March31, 2025,2024 and 2023

The following table summarizes our operating results as reflected in our statements of income during the fiscal years ended March 31, 2025, 2024 and 2023, respectively, and provides information regarding the dollar and percentage increase or (decrease) during such periods.

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