YSX Tech Co., Ltd 6-K, filed Jan 30, 2026

YSX Tech Co., Ltd (YSXT)

6-K 2026-01-30 For: 2025-09-30

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Added on April 07, 2026

About this 6-K

YSX Tech Co., Ltd filed this 6-K on January 30, 2026.

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Exhibit No.		Description
99.1		Unaudited Condensed Consolidated Financial Statements and Related Notes as of September 30, 2025 and for the Six Months Ended September 30, 2025 and 2024
99.2		Management’s Discussion and Analysis of Financial Condition and Results of Operations
101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Labels Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

	YSX TECH. CO., LTD
Date: January 30, 2026
	By:	/s/ Jie Xiao
	Name:	Jie Xiao
	Title:	Chief Executive Officer


Unaudited Condensed Consolidated Financial Statements

Condensed Consolidated Balance Sheets as of September 30, 2025 (Unaudited) and March 31, 2025		F-2
Unaudited Condensed Consolidated Statements of Income and Comprehensive Income for the Six Months ended September 30, 2025 and 2024		F-3
Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Six Months ended September 30, 2025 and 2024		F-4
Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months ended September 30, 2025 and 2024		F-5
Notes to Unaudited Condensed Consolidated Financial Statements		F-6


		As of
		September 30, 2025			March 31, 2025
		(Unaudited)
ASSETS
Current Assets
Cash		$	319,103		$	7,105,085
Accounts receivable, net of credit loss of $861,117 and $653,470, respectively			26,060,151			17,606,279
Accounts receivable, net, related parties			9,517,048			5,381,535
Advances to vendors			9,007,720			9,400,197
Due from related parties			717,836			198,611
Other current assets			1,379,450			929,680
Total current assets			47,001,308			40,621,387

Property and equipment, net			165,415			194,878
Right-of-use operating lease assets			392,163			144,535
Deferred tax assets			235,086			140,377
Total non-current assets			792,664			479,790

TOTAL ASSETS			47,793,972			41,101,177

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities
Short-term bank loans			4,743,644			4,131,354
Current portion of long-term loans			98,328			578,775
Accounts payable			3,669,874			2,258,129
Deferred revenue			1,523			1,007
Taxes payable			3,947,648			3,274,881
Due to related parties			173,712			141,235
Operating lease liabilities, current			134,994			93,719
Accrued expense and other current liabilities			1,795,567			1,651,681
Total current liabilities			14,565,290			12,130,781

Operating lease liabilities, non-current			285,360			66,926
Long-term loans			2,107,038			1,281,574
Total non-current liabilities			2,392,398			1,348,500

Total liabilities			16,957,688			13,479,281

Commitments and contingencies

Shareholders’ equity
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 23,437,500 shares issued and outstanding, including:
Class A ordinary shares, $0.0001 par value, 470,000,000 shares authorized, 22,260,175 shares issued and outstanding			2,226			2,226
Class B ordinary shares, $0.0001 par value, 30,000,000 shares authorized, 1,177,325 shares issued and outstanding			118			118
Additional paid-in capital			10,420,096			10,420,096
Statutory reserve			1,145,692			908,214
Retained earnings			20,017,480			17,575,571
Accumulated other comprehensive loss			(749,328)			(1,284,329)
Total shareholders’ equity			30,836,284			27,621,896

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$	47,793,972		$	41,101,177


		For the six months ended September 30,
		2025			2024
Revenue
Revenue		$	29,263,334		$	24,747,746
Revenue, related parties			11,728,470			9,346,622
Total revenue			40,991,804			34,094,368
Cost of revenue			37,010,330			30,493,854
Gross profit			3,981,474			3,600,514

Operating expenses:
Selling and marketing			58,604			66,471
General and administrative			889,714			1,064,198
Research and development			119,339			113,652
Total operating expenses			1,067,657			1,244,321

Income from operations			2,913,817			2,356,193

Other income (expenses)
Interest expense			(114,206)			(62,438)
Interest income			195			654
Investment income			—			20,282
Other income			452,162			64,598
Other non-operating expenses			(66,239)			(17,393)
Total other income (expenses), net			271,912			5,703

Income before income tax provisions			3,185,729			2,361,896

Provision for income taxes			506,342			434,701

Net income			2,679,387			1,927,195

Other comprehensive income
Foreign currency translation adjustment			535,001			603,745
Comprehensive income		$	3,214,388		$	2,530,940

Earnings per share- basic and diluted		$	0.11		$	0.09

Weighted average number of ordinary shares- basic and diluted			23,437,500			22,000,000


		Ordinary shares, $0.0001 par value																			Accumulated
		Class A					Class B					Additional									other			Total
		ordinary shares					ordinary shares					paid-in			Statutory			Retained			comprehensive			shareholders’
		Shares		Amount			Shares		Amount			capital			reserve			earnings			income (loss)			equity
Balance at March 31, 2024		20,822,675		$	2,082		1,177,325		$	118		$	5,346,674		$	741,584		$	13,720,353		$	(1,176,124)		$	18,634,687

Appropriation to statutory reserve		—			—		—			—			—			76,881			(76,881)			—			—
Net income		—			—		—			—			—			—			1,927,195			—			1,927,195
Foreign currency translation adjustment		—			—		—			—			—			—			—			603,745			603,745

Balance at September 30, 2024		20,822,675		$	2,082		1,177,325		$	118		$	5,346,674		$	818,465		$	15,570,667		$	(572,379)		$	21,165,627

Balance at March 31, 2025		22,260,175		$	2,226		1,177,325		$	118		$	10,420,096		$	908,214		$	17,575,571		$	(1,284,329)		$	27,621,896

Appropriation to statutory reserve		—			—		—			—						237,478			(237,478)			—			—
Net income		—			—		—			—			—			—			2,679,387			—			2,679,387
Foreign currency translation adjustment		—			—		—			—			—			—			—			535,001			535,001

Balance at September 30, 2025		22,260,175		$	2,226		1,177,325		$	118		$	10,420,096		$	1,145,692		$	20,017,480		$	(749,328)		$	30,836,284


		For the six months ended September 30,
		2025			2024

Cash flows from operating activities:
Net income		$	2,679,387		$	1,927,195
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization			32,887			12,685
Amortization of operating lease right-of-use assets			30,397			43,179
Allowance for doubtful accounts			192,977			286,081
Deferred tax provision			(91,036)			(36,595)
Changes in operating assets and liabilities:
Accounts receivable			(8,221,825)			(673,890)
Accounts receivable, related parties			(3,989,446)			(1,042,282)
Advance to vendors			568,322			(2,271,580)
Other current assets			(427,291)			61,924
Due from related parties			(536,642)			2,203
Net changes in operating right-of-use assets and lease liabilities			(18,750)			(43,848)
Accounts payable			1,353,823			268,842
Deferred revenue			491			(6,331)
Taxes payable			603,077			443,494
Accrued expense and other current liabilities			110,772			340,282
Net cash used in operating activities			(7,712,857)			(688,641)

Cash flows from investing activities:
Purchase of property and equipment			—			(1,474)
Proceeds upon maturity of short-term investment			—			1,683,307
Net cash provided by investing activities			—			1,681,833

Cash flows from financing activities:
Proceeds from short-term bank loans			973,047			1,943,743
Repayment of short-term bank loans			(446,211)			(1,917,363)
Proceeds from long-term bank loans			834,040			—
Repayment of long-term bank loans			(528,225)			(69,419)
Repayment of long-term loan, related party			—			(69,419)
Proceeds from borrowing from related parties			32,139			141,000
Payment for deferred initial public offering costs			—			(32,042)
Net cash provided by (used in) financing activities			864,790			(3,500)

Effect of exchange rate change on cash			62,085			171,434
Net increase (decrease) in cash			(6,785,982)			1,161,126
Cash, beginning of period			7,105,085			4,283,794
Cash, end of period		$	319,103		$	5,444,920

Supplemental disclosures of cash flow information:
Cash paid for income tax		$	28,140		$	23,824
Cash paid for interest		$	114,206		$	62,438


Name of Entity	Date of Formation	Place of Incorporation	% of Ownership	Principal Activities
YSX Cayman	November 9, 2022	Cayman Islands	Parent, 100%	Investment holding

YSX HK	November 29, 2022	Hong Kong	100%	Investment holding

WFOE	December 30, 2022	Guangzhou, PRC	100%	WFOE, Consultancy and information technology support

YSX Operating Companies:

Xinjiang YSX	July 16, 2015	Kashi, PRC	VIE	Auto insurance aftermarket value-added services, and software development and information technology services

Guangzhou YSX	December 9, 2015	Guangzhou, PRC	A branch company of Xinjiang YSX	Auto insurance aftermarket value-added services, and software development and information technology services

Chuangzhan	July 2, 2017	Kashi, PRC	Subsidiary of Xinjiang YSX	Software development and information technology services

Anjielun	June 27, 2016	Kashi, PRC	Subsidiary of Xinjiang YSX	Auto insurance aftermarket value-added services, and software development and information technology services /deregistered on September 28, 2025

YSX Network	July 12, 2019	Guangzhou, PRC	Subsidiary of the Xinjiang YSX	Auto insurance aftermarket value-added services, and software development and information technology services

Xihang	August 4, 2011	Guangzhou, PRC	VIE	Auto insurance aftermarket value-added services, and software development and information technology services


		September 30,			March 31,
		2025			2025
		(Unaudited)
Current assets		$	46,060,080		$	38,853,927
Non-current assets			696,673			446,943
Total assets		$	46,756,753		$	39,300,870
Current liabilities		$	17,101,502		$	12,121,739
Non-current liabilities			2,392,398			2,657,635
Total liabilities		$	19,493,900		$	14,779,374


	For the Six months Ended
	September 30,
	2025		2024
	(Unaudited)		(Unaudited)
Net revenue	$	40,991,804	$	34,094,368
Net income	$	3,071,253	$	2,189,802


		Useful life
Office equipment		3-5 years
Electronic equipment		3 years
Leasehold improvement		Lesser of useful life and lease term


		Balance as of			Subsequent			% of subsequent
Accounts receivable by aging bucket		September 30, 2025			collection			collection
Less than 6 months		$	23,598,869		$	5,951,392		25.2	%
From 7 to 9 months			2,682,365			1,600,598		59.7	%
From 10 to 12 months			18,729			—		0.0	%
Over 1 year			621,305			3		0.0	%
Total gross accounts receivable		$	26,921,268		$	7,551,993		28.1	%


		Amounts
Twelve months ending September 30,
2026		$	149,720
2027			83,629
2028			81,688
2029			81,688
2030			61,267

Total lease payments			457,992
Less: imputed interest			(37,638)
Total operating lease liabilities		$	420,354


Name		Relationship with the Company
Mr. Jie Xiao		Chairman of the Board and CEO of the Company
Ms. Meiqi Chen		One of the shareholders of Xinjiang YSX
Mr. Bin Wang		Supervisor of Anjielun, Xinjiang YSX and Guangdong Hengding Technology Co., Ltd. (“Hengding”)
Ms. Ruomei Wu		Largest shareholder of Xihang
Mr. Yizhuo Tan		Director of Xinjiang YSX and one of the shareholders of Xinjiang YSX
Guangzhou Yinqi Refrigeration Decoration Engineering Co., Ltd. (“Guangzhou Yinqi”)		Mr. Yizhuo Tan holds 40% ownership interest in this entity and is also the general manager, executive director, and legal representative of this entity
Chongqing Yinzhi Business Service Co. Ltd. (“ Chongqing Yinzhi”)		Mr. Yizhuo Tan is the legal representative, executive director, and general manager of this entity
Guangzhou Dayong Insurance Agency Co. Ltd. (“Dayong”)		An entity affiliated with one of the shareholders of Xinjiang YSX, Ms. Qian Zeng
Mr. Geran Xiao		Chief Financial Officer (“CFO) of the Company and one of the shareholders of Xinjiang YSX
Guangzhou Tea Source Technology Co. Ltd. (“Tea Source”)		An entity controlled by Mr. Geran Xiao
Guangzhou Auto Service Technology Co., Ltd. (“GZ Auto Service”)		Ms. Meiqi Chen holds 40% ownership interest in this entity and is also the supervisor of this entity


		For the six months ended September 30, 2025
								Software
								Development
		Auto Insurance			Other			and
		Aftermarket			Scenario-based			Information
		Value-added			Customized			Technology
		Services			Service			Services			Total

Revenues		$	39,350,669		$	1,600,215		$	40,920		$	40,991,804
Cost of revenues			35,551,911			1,422,688			35,731			37,010,330
Gross profit			3,798,758			177,527			5,189			3,981,474
Operating expenses			1,024,912			41,679			1,066			1,067,657
Income from operations			2,773,846			135,848			4,123			2,913,817
Income tax provision			486,071			19,766			505			506,342
Net income			2,572,116			104,596			2,675			2,679,387
Depreciation			31,571			1,284			32			32,887
Capital expenditure			—			—			—			—
Total assets		$	45,880,508		$	1,865,754		$	47,710		$	47,793,972


		September 30, 2025		March 31, 2025		September 30, 2024
Spot rate		US$1= RMB 7.1190		US$1=RMB 7.2567		US$1= RMB 7.0176

Average rate		US$1= RMB 7.1939		US$1=RMB 7.2169		US$1= RMB 7.2026


		September 30,			March 31,
		2025			2025
		(Unaudited)
Beginning balance		$	653,470		$	382,731
Additions			192,977			274,115
Bad debt recovery			—			—
Foreign currency translation adjustments			14,670			(3,376)
Ending balance		$	861,117		$	653,470


			As of
			September 30,		March 31,
			2025			2025
			(Unaudited)
China Construction Bank (“CCB”)	(1)		$	1,373,788	$	1,650,888
Bank of Guangzhou	(2)			842,815		—
Bank of Communications	(3)			1,123,753		1,102,429
China CITIC Bank	(4)			1,403,288		1,378,037
Total short-term loans			$	4,743,644	$	4,131,354


		For the six months
		ended September 30,
		2025		2024
General and administrative expenses		$	(20,767)	$	—
Equity in earnings of subsidiaries and the VIEs			2,700,154		1,927,195

Net income			2,679,387		1,927,195
Foreign currency translation adjustment			535,001		603,745
Comprehensive income attributable to YSX Tech Co., Ltd		$	3,214,388	$	2,530,940


		For the six months ended September 30,
											% of
											increase
		2025			2024			Variances			(decrease)

Revenue from auto insurance aftermarket value-added services:
Vehicle safety inspection and check services		$	1,823,803		$	1,391,642		$	432,161		31.1	%
Vehicle driving risk screening services			35,727,550			25,390,818			10,336,732		40.7	%
Substitute driver and rescuing services			394,210			555,737			(161,527)		(29.1)	%
Vehicle maintenance and other value-added services			1,405,106			872,199			532,907		61.1	%
Total revenue from value-added services			39,350,669			28,210,396			11,140,273		39.5	%

Revenue from other scenario-based customized services			1,600,215			5,579,468			(3,979,253)		(71.3)	%

Revenue from software development and information technology services			40,920			304,504			(263,584)		(86.6)	%
Total revenue		$	40,991,804		$	34,094,368		$	6,897,436		20.2	%

Number of value-added services performed (service volume)
Vehicle safety inspection and check services			128,233			77,123			51,110		66.3	%
Vehicle driving risk screening services			2,722,241			1,932,767			789,474		40.8	%
Substitute driver and rescuing services			28,167			27,218			949		3.5	%
Vehicle maintenance services			119,940			62,377			57,563		92.3	%
Total number of value-added services performed (service volume)			2,998,581			2,099,485			899,096		42.8	%

Number of insurance companies and brokerages for value-added services			17			25			(8)		(32.0)	%
Number of customers for scenario-based customized services			5			17			(12)		(70.6)	%
Number of customers for software development and information technology services			1			7			(6)		(85.7)	%
Total number of customers			23			49			(26)		(53.1)	%

Average price for value-added services		$	13.1		$	13.4		$	(0.3)		(2.3)	%
Average price charged to customers for scenario-based customized services		$	320,043		$	328,204		$	(8,161)		(2.5)	%
Average price charged to customers for software development and information technology services		$	40,920		$	43,501		$	(2,581)		(5.9)	%