Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 79

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 79
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 accounted for more than 10% of our total revenue, at 16.0%, 14.4% and 13.3%, respectively.

Vendors

For the fiscal years ended March 31, 2025, 2024 and 2023, the YSX Operating Companies worked with 16, 19 and 18 vendors, respectively. The majority of the vendors are automobile service platforms, such as dealerships, brick-and-mortar service and maintenance shops that perform auto insurance aftermarket value-added services. Some of these vendors were referred by insurance companies and brokerages. The YSX Operating Companies select and engage third-party vendors based on business needs, and have set up standard internal policies and procedures for the selection of third-party vendors. The YSX Operating Companies evaluate the third-party vendors based on their business operation scope, financial situation, status of their facilities, staff, and reputation. All third-party vendors are required to have obtained all qualifications necessary for their services and maintain adequate insurance in line with market practice.

The YSX Operating Companies require the third-party vendors to maintain consistent service standards, which is determined by communicating with them and reviewing customer feedback on a monthly basis, as well as conducting regular visits to their store(s).

For the fiscal year ended March 31, 2025, four vendors each accounted for more than 10% of YSX Operating Companies’ total outsource expenses, at 23.4%, 23.3%, 13.0% and 10.0%, respectively. For the fiscal year ended March 31, 2024, four vendors each accounted for more than 10% of YSX Operating Companies’ total outsource expenses, at 22.6%, 17.7%, 10.8% and 10.1%, respectively. For the fiscal year ended March 31, 2023, three vendors each accounted for more than 10% of YSX Operating Companies’ total outsource expenses, at 17.6%, 16.7% and 13.4%, respectively.

Table of Contents

Market

Guangdong Province and Xinjiang Province are YSX Operating Companies’ main markets. The majority of YSX Operating Companies’ customers are located in Guangdong Province and Xinjiang Province. For the fiscal years ended March 31, 2025, 2024, 2023, a total of 99.9%, 98.02% and 98.84% of our revenue, respectively, was generated in Guang