$YSXT

YSX Tech Co., Ltd

CIK:0001993463|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Revenues
Total revenue	$ 83,467,770	$ 71,452,736	$ 58,546,729
Cost of revenues
Total cost of revenue	76,273,430	64,066,148	51,583,802
Gross profit	7,194,340	7,386,588	6,962,927
Operating expenses:
Selling and marketing	103,933	121,681	114,300
General and administrative	1,476,653	2,225,447	1,616,980
Share-based compensation	1,822,597
Research and development	250,671	240,052	229,934
Total operating expenses	3,653,854	2,587,180	1,961,214
Income from operations	3,540,486	4,799,408	5,001,713
Other income (expenses)
Interest expense	(250,553)	(159,298)	(139,752)
Interest income	244	1,100	1,468
Investment income		20,295	33,013
Other income	499,350	65,021	218,697
Other non-operating income (expenses), net	64,510	(27,257)	(11,400)
Total other income (expense), net	313,551	(100,139)	102,026
Income before income tax provisions	3,854,037	4,699,269	5,103,739
Income tax provision	1,049,179	677,421	537,771
Net income	2,804,858	4,021,848	4,565,968
Other comprehensive income
Foreign currency translation adjustment	1,420,486	(108,205)	(751,042)
Comprehensive income	$ 4,225,344	$ 3,913,643	$ 3,814,926
Earnings per share - basic (in dollars per share)	$ 0.11	$ 0.18	$ 0.21
Earnings per share - diluted (in dollars per share)	$ 0.11	$ 0.18	$ 0.21
Weighted average number of ordinary shares- basic (in shares)	25,772,226	22,401,712	22,000,000
Weighted average number of ordinary shares- diluted (in shares)	25,772,226	22,401,712	22,000,000
Non-related party
Revenues
Total revenue	$ 60,503,275	$ 51,558,098	$ 46,618,820
Cost of revenues
Total cost of revenue	76,273,430	64,066,148	51,583,802
Related party
Revenues
Total revenue	$ 22,964,495	$ 19,894,638	$ 11,927,909

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net income	$ 2,804,858	$ 4,021,848	$ 4,565,968
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	49,489	26,497	27,314
Loss from disposal of fixed assets	16,115
Amortization of operating lease right-of-use assets	87,554	83,916	66,062
Allowance for expected credit loss	72,957	280,787	(137,831)
Deferred tax provision	29,711	(64,284)	21,160
Stock-based compensation for services	1,822,597
Changes in operating assets and liabilities:
Accounts receivable	(5,975,272)	(8,808,278)	(2,935,120)
Accounts receivable, related parties	(12,641,032)	(2,537,631)	(1,990,880)
Advance to vendors	4,729,066	(1,324,078)	(1,472,674)
Other current assets	45,986	(92,803)	(282,052)
Due from related parties	202,966	(207,676)	(2,207)
Taxes payable	1,011,969	711,429	232,455
Net changes in operating right-of-use assets and lease liabilities	174,618	(87,077)	(62,862)
Accrued expense and other current liabilities	(209,182)	776,481	806,939
Net cash used in operating activities	(2,685,630)	(6,489,483)	(693,959)
Cash flows from investing activities:
Purchase of property and equipment	(88,716)	(167,932)	(1,380)
Proceeds from termination of the long-term investment			491,503
Purchase of short-term investment			(2,096,934)
Proceeds upon maturity of short-term investment		2,105,016	1,378,628
Net cash (used in) provided by investing activities	(88,716)	1,937,084	(228,183)
Cash flows from financing activities:
Proceeds from short-term bank loans	5,913,252	4,989,677	8,343,003
Repayment of short-term bank loans	(4,083,932)	(2,399,922)	(7,110,005)
Payment for deferred initial public offering costs			(119,102)
Net proceeds from completion of the initial public offering		5,073,566
Net cash provided by financing activities	1,672,768	7,249,130	1,990,753
Effect of exchange rate change on cash	(114,474)	124,560	(171,203)
Net (decrease) increase in cash	(1,216,052)	2,821,291	897,407
Cash, beginning of year	7,105,085	4,283,794	3,386,386
Cash, end of year	5,889,033	7,105,085	4,283,794
Supplemental disclosures of cash flow information:
Cash paid for income tax	40,110	29,966	36,595
Cash paid for interest	250,553	159,298	139,752
Supplemental disclosure of non-cash investing and financing activities
Right-of-use assets obtained in exchange for operating lease obligations	300,784
Non-related party
Changes in operating assets and liabilities:
Advances from customers	291,201	(13,095)	(25,319)
Cash flows from financing activities:
Proceeds from long-term bank loans	422,476	1,385,636	698,978
Repayment of long-term bank loans	(612,590)	(138,564)	(657,039)
Related party
Changes in operating assets and liabilities:
Accounts payable	4,800,769	744,481	545,898
Advances from customers			(50,810)
Cash flows from financing activities:
Proceeds from long-term bank loans			1,397,956
Repayment of long-term bank loans		(1,385,636)	(838,774)
Proceeds from (repayment of) borrowing from related parties	$ 33,562	$ (275,627)	$ 275,736

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2026	Mar. 31, 2025
Current Assets
Cash	$ 5,889,033	$ 7,105,085
Advances to vendors	$ 5,020,775	9,400,197
Due from related parties		$ 198,611
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration]	Related party	Related party
Other current assets	$ 147,306	$ 167,862
Total current assets	54,311,311	39,859,569
Property and equipment, net	245,394	194,878
Right-of-use operating lease assets	283,410	144,535
Deferred tax assets	117,091	140,377
Total non-current assets	645,895	479,790
TOTAL ASSETS	54,957,206	40,339,359
Current liabilities
Short-term bank loans	6,229,342	4,131,354
Accounts payable	7,317,603	2,258,129
Deferred revenue	300,831	1,007
Taxes payable	4,486,926	3,274,881
Due to related parties	$ 175,785	$ 141,235
Other Liability, Current, Related Party [Extensible Enumeration]	Related party	Related party
Operating lease liabilities, current	$ 75,409	$ 93,719
Accrued expense and other current liabilities	720,799	889,863
Total current liabilities	19,466,162	11,368,963
Operating lease liabilities, non-current	219,293	66,926
Total non-current liabilities	1,821,207	1,348,500
Total liabilities	21,287,369	12,717,463
Commitment and contingencies
Shareholders' equity
Additional paid-in capital	12,242,693	10,420,096
Subscription receivable	(445)
Statutory reserve	1,197,331	908,214
Retained earnings	20,091,312	17,575,571
Accumulated other comprehensive income (loss)	136,157	(1,284,329)
Total shareholders' equity	33,669,837	27,621,896
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	54,957,206	40,339,359
Non-related party
Current Assets
Accounts receivable	24,579,776	17,606,279
Current liabilities
Current portion of long-term loans	159,467	578,775
Long-term loans	1,601,914	1,281,574
Related party
Current Assets
Accounts receivable	18,674,421	5,381,535
Class A Ordinary Shares
Shareholders' equity
Ordinary shares	2,671	2,226
Class B Ordinary Shares
Shareholders' equity
Ordinary shares	$ 118	$ 118