Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 136

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 136
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968 for the fiscal year 2024.  

  An increase in accounts receivable from third-party customers of $2,935,120 and an increase in accounts receivable from related party customers of $1,990,880. Approximately 97.9% of the March 3...  

  An increase in accounts payable of $545,898 from third-party suppliers, because we have not received the invoice from suppliers and have not settled such amount with suppliers as of the balance...  

  An increase in advance to vendors of $1,472,674 because increased the payment to various vendors for performing the car wash, car towing, and car maintenance services as we expanded our busines...  

Table of Contents

Net cash provided by operating activities was $1,029,503 for the fiscal year ended March 31, 2023, which primarily consisted of the following:

  Net income of $4,904,550 for the fiscal year 2023.  

  A decrease in accounts receivable from third-party customers of $147,261 and an increase in accounts receivable from related party customers of $396,289. Approximately 97.0% of the March 31, 20...  

  A decrease in accounts payable of $3,254,177 from third-party suppliers and a decrease in accounts payable of $829,083 from related party suppliers, because we made payment to suppliers to sett...  

  An increase in taxes payable of $1,115,084, primarily due to our increased taxable income.  

Investing Activities

Net cash provided by investing activities amounted to $1,937,084 for the fiscal year ended March 31, 2025, primarily consisting of (i) proceeds upon maturity of short-term investments of $2,105,016, and (ii) purchase of property and equipment of $167,932.

Net cash used in investing activities amounted to $228,183 for the fiscal year ended March 31, 2024, primarily consisting of (i) purchase of short-term investments of $2,096,934, because we purchased certain wealth management financial products from financial institutions in order to earn investment income, (ii) proceeds upon maturity of short-term investments of $1,378,628, and (iii) proceeds from the termination of a long-term investment in an equity investee of $491,503 (RMB 3.5 million). In August 2022, we invested approximately $0.5 million RMB3.5 million)