Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 125

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 125
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.0      7,381          6.5      (2,732)  

Our selling expenses increased by $7,381, or 6.5%, from $114,300 in fiscal year 2024 to $121,681 for fiscal year 2025, primarily attributable to the increase in salary, employee benefits, and sales commissions paid to our sales personnel by $7,496, or 8.4%, from $89,209 in fiscal year 2024 to $96,705 in fiscal year 2025, which was in line with the increase in our total service volume for the auto insurance aftermarket value-added services by approximately 0.93 million service calls, or 24.6%, from approximately 3.79 million service calls in fiscal year 2024 to approximately 4.72 million service calls in fiscal year 2025.

Our selling expenses decreased by $2,732, or 2.3%, from $117,032 in fiscal year 2023 to $114,300 for fiscal year 2024, primarily attributable to the decrease in salary, employee benefit, and sales commission paid to our sales personnel by $584, or 0.7%, from $89,793 in fiscal year 2023 to $89,209 in fiscal year 2024, the decrease in travel, meals and business entertainment expense by $945, or 77.7%, from $1,216 in fiscal year 2023 to $271 in fiscal year 2024, and the decrease in other sales promotion and marketing activity related expenses by $869, or 94.2%, from $922 in fiscal year 2023 to $53 in fiscal year 2024.

As a percentage of revenues, selling expenses were 0.2%, 0.2% and 0.2% of our total revenues for the years ended March 31, 2025, 2024 and 2023, respectively.

Table of Contents

General and Administrative Expenses

Our general and administrative expenses primarily consist of employee salaries, welfare and insurance expenses, bad debt expenses, depreciation and amortization, rent expenses, office supply and utility expenses and professional service and consulting expenses.

                                                                    %                         %                          %                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Salary and welfare expenses                      367,775       16.5        351,278       21.7        292,425