Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 107

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 107
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Item 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS

The following discussion of our financial condition and results of operations is based upon and should be read in conjunction with our consolidated financial statements and their related notes included in this annual report. This annual report contains forward-looking statements. In evaluating our business, you should carefully consider the information provided under the caption “ Item 3. Key Information - D. Risk Factors” in this annual report. We caution you that our businesses and financial performance are subject to substantial risks and uncertainties.

A. Operating Results

The following tables illustrate the amount and percentage of our revenue by service type for the years ended March 31, 2025, 2024 and 2023, respectively:

                                                                                                 %                          %                          %                   
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue from auto insurance aftermarket value-added services               63,398,860       88.7      45,561,529       77.8      42,438,636       86.2       17,837,331  
  Revenue from other scenario-based customized services                       7,437,448       10.4      11,764,389       20.1       3,537,667        7.2      (4,326,941)  
  Revenue from software development and information technology services         616,428        0.9       1,220,811        2.1       3,257,244        6.6        (604,383)  
  Total revenue                                                              71,452,736      100.0      58,546,729      100.0      49,233,547      100.0       12,906,007  

Table of Contents

The following tables illustrate the amount and percentage of our revenue by customer types for the years ended March 31, 2025, 2024 and 2023, respectively:

                                            For the years ended March 31,                                                                                                    
                                                                                                                                     Variance - 2025       Variance - 2024   
                                            2025                                                                                     compared to 2024      compared to 2023  
                                            Amount                                                 %                          %      Amount                Amount            
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue from third