Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 81

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 81
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net. com and WeChat (a popular social media platform in China), (ii) sending informational and promotional emails to potential customers, and (iii) distributing advertisement materials through direct mail. We believe the best marketing is through providing high quality services that consistently meet and exceed customer expectations, and word-of-mouth referrals by satisfied customers.

In-house Technical Team

The YSX Operating Companies maintain a strong in-house technical team, which is led by Ruomei Wu, who co-founded a technology company in 1999, and has served as the general manager of Xihang since 2015. As of the date of this annual report, YSX Operating Companies’ technical team has 8 full-time employees, each of whom holds minimally a college degree. The team members have an average of 10 to15 years of experience in technology and system development, as well as in-depth knowledge of the insurance industry. The technical team oversees the development and support of a number of applications that facilitate YSX Operating Companies’ business operations. YSX Operating Companies intend to continue investing in their technical team, recruiting qualified professionals to join the team, enhancing the features of existing applications, and developing new applications and systems.

Competition

The YSX Operating Companies compete in an industry that is highly competitive and fast-changing with evolving market trends. The YSX Operating Companies have competitors that provide similar services, and some of these companies may have more assets, resources and larger market shares. Nevertheless, we believe that the YSX Operating Companies’ industrial reputation, strong technical capabilities, continuous marketing efforts and customer-oriented approach enable them to compete effectively against their competitors.

Table of Contents

Seasonality

Our business, which is closely related to the insurance industry, is subject to fluctuations as a result of seasonality. The first quarter of a calendar year is an important period in term of insurance sales, and usually accounts for more than 30% of an insurance company’s annual new premiums. During the “ Customer Service Festival,” usually around March to May, insurance companies tend to increase marketing expenses. Furthermore, there is usually an increase of premium sales from September to December in preparation for the next year. We tend to experience an increase in sales from September through the end of year. Therefore, our quarterly results may not accurately reflect the revenue trend for the whole year.

Intellectual Property

We rely on a combination of patents, patent applications, trade secrets, including employee and third-party nondisclosure agreements, copyright laws, trademarks, and other contractual rights to establish and protect our proprietary rights