GUANGZHOU, Chi a, July 10, 2026 (GLOBE NEWSWIRE) — YSX TECH. CO., LTD (NASDAQ: “YSXT”) (the “Compa y”), a Cayma Isla ds exempted compa y that, th ough its va iable i te est e tities i Chi a, p ovides comp ehe sive busi ess solutio s mai ly fo i su a ce compa ies a d b oke ages i Chi a, today a ou ced its fi a cial esults fo the fiscal yea e ded Ma ch 31, 2026.
“Fiscal 2026 was a yea of ope atio al scali g a d st ategic ealig me t fo YSX,” said M . Jie Xiao, CEO of YSX TECH. CO., LTD. “We d ove ou top-li e eve ue to $83.5 millio , ep ese ti g a 16.8% yea -ove -yea i c ease, fueled p ima ily by a 28.8% i c ease i ou se vice volumes. By i te tio ally pivoti g ou busi ess developme t effo ts towa d i su a ce b oke ages athe tha si gle i su a ce compa ies, we b oade ed ou ma ket each. This t a sitio led to a 112.1% i c ease i volume i ou vehicle d ivi g isk sc ee i g se vices alo e.”
“While this delibe ate shift i ou se vice mix towa d highe -volume se vices yielded lowe ave age ma gi s a d impacted ou ea -te m et i come, the Fiscal 2026 esults show that this app oach captu ed e ha ced ma ket sha e, a d we believe that it st e gthe ed ou positio as a competitive i te media y platfo m. Mo e impo ta tly, we spe t the past yea layi g the tech ological g ou dwo k fo ou ext phase of g owth. Th ough ou ewly fo ged pa t e ships with active i dust y pa ticipa ts like Huijia , Qi gfe g Automobile G oup, a d XU it, we a e e deavo i g to i teg ati g supply-chai fi a ce, physical deale ship etwo ks, a d Web3 asset digitizatio i to ou ecosystem. With $34.8 millio i wo ki g capital, we believe that we a e well-capitalized to execute this ‘Tech ology + Physical’ oadmap a d delive lo g-te m value to ou sha eholde s.”
St ategic Shift Towa d I su a ce B oke ages
A key d ive of the Compa y’s volume g owth was its pivot towa d pa t e i g with i su a ce b oke ages. U like i dividual i su a ce compa ies that est ict se vices to thei ow policies, b oke ages offe p oducts f om multiple ca ie s, allowi g the Compa y to each a b oade base of policyholde s. Fo the fiscal yea e ded Ma ch 31, 2026, 62.3% of the Compa y’s value-added se vice co t acts we e obtai ed th ough b oke ages.
Su ge i Risk Sc ee i g Se vices
Alig i g with b oke age dema ds, the Compa y expa ded its vehicle d ivi g isk sc ee i g se vices. Se vice volume i this catego y i c eased by 112.1% to app oximately 5.6 millio se vice calls, ge e ati g app oximately $74.4 millio i eve ue, ep ese ti g a 115.1% yea -ove -yea i c ease fo the segme t.
Total Reve ue i c eased by $12.0 millio , o 16.8%, to $83.5 millio fo the fiscal yea e ded Ma ch 31, 2026, up f om $71.5 millio i fiscal yea e ded Ma ch 31, 2025.Reve ue f om auto i su a ce afte ma ket value-added se vices i c eased by 27.4% to $80.8 millio , accou ti g fo 96.7% of total eve ue.Ove 6.07 millio se vice calls we e p ocessed i 2026, a i c ease of 1.36 millio calls, o 28.8%, compa ed to the p io yea .Net i come was $2.8 millio fo fiscal 2026, compa ed to $4.0 millio i fiscal yea e ded Ma ch 31, 2025.Robust Liquidity as the Compa y e ded the fiscal yea with $5.9 millio i cash a d a wo ki g capital bala ce of $34.8 millio .
| $83.5 | $71.5 | 16.8% | Value-Added Se vices | $80.8 | $63.4 | 27.4% | Othe Customized Se vices | $2.7 | $7.4 | (64.2%) | Softwa e & IT Se vices | $0.1 | $0.6 | (91.7%) | $(76.3) | $(64.1) | 19.1% | $7.2 | $7.4 | (2.6%) | $3.7 | $2.6 | 41.2% | $3.5 | $4.8 | (26.2%) | $2.8 | $4.0 | (30.3%) |
Total eve ue i c eased by app oximately $12.0 millio , o 16.8%, to app oximately $83.5 millio fo the fiscal yea e ded Ma ch 31, 2026, compa ed to app oximately $71.5 millio fo the fiscal yea e ded Ma ch 31, 2025. The i c ease was p ima ily d ive by a i c ease i eve ue f om ou auto i su a ce afte ma ket value-added se vices, which g ew by app oximately $17.4 millio , o 27.4%, as the Compa y secu ed mo e se vice co t acts f om i su a ce b oke ages a d achieved a 28.8% i c ease i ove all se vice volume (totali g app oximately 6.1 millio se vice calls).
This g owth was pa tially offset by a dec ease i eve ue f om ou othe sce a io-based customized se vices of app oximately $4.8 millio , o 64.2%, d ive by a eductio i the umbe of custome s fo such se vices, a d a dec ease i eve ue f om softwa e developme t a d i fo matio tech ology se vices of app oximately $0.6 millio , o 91.7%, d ive by a eductio i the umbe of custome s fo such se vices.
Cost of eve ue i c eased by app oximately $12.2 millio , o 19.1%, to app oximately $76.3 millio fo the fiscal yea e ded Ma ch 31, 2026, compa ed to app oximately $64.1 millio fo the p io fiscal yea . This i c ease was p ima ily att ibutable to i c eased subco t act costs esulti g f om the volume expa sio of ou value-added se vices, as we e gaged mo e exte al ve do s to fulfill the app oximately 6.1 millio se vice calls p ocessed du i g the yea . The i c ease was pa tially offset by dec eased subco t act costs associated with ou customized se vices a d IT se vices busi ess li es.
G oss p ofit dec eased by app oximately $0.2 millio , o 2.6%, to app oximately $7.2 millio fo the fiscal yea e ded Ma ch 31, 2026, compa ed to app oximately $7.4 millio fo the fiscal yea 2025. Ou g oss ma gi co espo di gly dec eased f om 10.3% i fiscal 2025 to 8.6% i fiscal e ded Ma ch 31, 2026. The dec ease i g oss p ofit a d g oss ma gi was p ima ily att ibutable to a cha ge i se vice mix, as mo e eve ue was de ived f om value-added se vices, which ca y highe costs a d lowe ma gi s, a d less eve ue was de ived f om ou customized a d IT se vice li es, which ca y highe ma gi s. Additio ally, ou ave age p ice cha ged to custome s fo value-added se vices dec eased slightly by 1.1% as a esult of cha ges i the se vice mix.
Total ope ati g expe ses i c eased by app oximately $1.1 millio , o 41.2%, to app oximately $3.7 millio fo the fiscal yea e ded Ma ch 31, 2026, compa ed to app oximately $2.6 millio fo the fiscal yea e ded Ma ch 31, 2025. The va ia ce i ope ati g expe ses was d ive by the followi g facto s:
Selli g expe ses dec eased by 14.6% to app oximately $0.1 millio , p ima ily due to lowe office e t expe ses followi g the elocatio of the office of ou subsidia y, Gua gzhou Yishe gxi Netwo k Tech ology Co., Ltd.Ge e al a d admi ist ative expe ses dec eased by app oximately $0.7 millio , o 33.6%, to app oximately $1.5 millio . This dec ease was mai ly att ibutable to a 50.2% d op i p ofessio al a d co sulti g fees followi g the completio of ou IPO i Decembe 2024, as well as a 74.0% dec ease i expected c edit loss expe ses, pa tially offset by a i c ease i admi ist ative headcou t a d elated sala y expe ses.Sha e-based compe satio expe ses we e app oximately $1.8 millio i the fiscal yea e ded Ma ch 31,2026, compa ed to il i the p io yea . This o -cash expe se elates to est icted stock awa ds g a ted to employees a d co sulta ts u de ou 2025 Equity I ce tive Pla .Resea ch a d developme t expe ses i c eased by 4.4% to app oximately $0.3 millio , suppo ti g the co ti ued optimizatio of ou data ma ageme t systems a d mobile applicatio s.
Net i come fo the fiscal yea e ded Ma ch 31, 2026, was app oximately $2.8 millio , compa ed to a et i come of app oximately $4.0 millio fo the fiscal yea e ded Ma ch 31, 2025. This dec ease of app oximately $1.2 millio was la gely d ive by ou st ategic shift i se vice mix towa d volume g owth, highe i come tax p ovisio s esulti g f om i c eased taxable i come, a d the o -cash sha e-based compe satio expe ses ecog ized du i g the yea .
As of Ma ch 31, 2026, the Compa y’s cash o ha d stood at app oximately $5.9 millio , compa ed to app oximately $7.1 millio as of Ma ch 31, 2025. Net cash used i ope ati g activities amou ted to app oximately $2.7 millio fo the fiscal yea e ded Ma ch 31, 2026, p ima ily d ive by i c eases i accou ts eceivable a d adva ces to ve do s associated with ou g owi g se vice volumes. The Compa y mai tai ed a wo ki g capital bala ce of app oximately $34.8 millio as of Ma ch 31, 2026, which ma ageme t believes is sufficie t to meet its wo ki g capital eeds ove the ext 12 mo ths.
YSX TECH. CO., LTD is a Cayma Isla ds exempted compa y that, th ough its va iable i te est e tities i Chi a, p ovides comp ehe sive busi ess solutio s mai ly fo i su a ce compa ies a d b oke ages i Chi a. The Compa y possesses i -depth k owledge of the Chi ese i su a ce i dust y accumulated f om yea s of se vici g custome s, a d specializes i auto i su a ce afte ma ket value-added se vices, softwa e developme t a d i fo matio tech ology se vices, as well as othe sce a io-based customized se vices, such as p oducts a d custome developme t se vices. Fo mo e i fo matio please visit: https://i .ysxtechcay.com a d https://www.ysx et.com.
This p ess elease co tai s fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts i clude stateme ts co ce i g pla s, objectives, goals, st ategies, futu e eve ts o pe fo ma ce, a d u de lyi g assumptio s a d othe stateme ts that a e othe tha stateme ts of histo ical facts. Whe the Compa y uses wo ds such as “may,” “will,” “i te d,” “should,” “believe,” “expect,” “a ticipate,” “p oject,” “estimate,” o simila exp essio s that do ot elate solely to histo ical matte s, it is maki g fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts a e ot gua a tees of futu e pe fo ma ce a d i volve isks a d u ce tai ties that may cause the actual esults to diffe mate ially f om the Compa y’s expectatio s discussed i the fo wa d-looki g stateme ts. These stateme ts a e subject to u ce tai ties a d isks i cludi g, but ot limited to, the u ce tai ties elated to ma ket co ditio s a d othe facto s discussed i the Compa y’s fili gs with the U ited States Secu ities a d Excha ge Commissio , which a e available fo eview at www.sec.gov. Fo these easo s, amo g othe s, i vesto s a e cautio ed ot to place u due elia ce upo a y fo wa d-looki g stateme ts i this p ess elease. The Compa y u de takes o obligatio to publicly evise these fo wa d-looki g stateme ts to eflect eve ts o ci cumsta ces that a ise afte the date he eof.
I vesto Relatio sWFS I vesto Relatio s I c.Email: se vices@wfsi .comPho e: +1 628 283 9214
YSX TECH. CO., LTD AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS
| As of Ma ch 31, | 2026 | 2025 | ASSETS | Cu e t Assets | Cash | $ | 5,889,033 | $ | 7,105,085 | Accou ts eceivable, et of $780,608 a d $653,470, espectively | 24,579,776 | 17,606,279 | Accou ts eceivable, a elated pa ty | 18,674,421 | 5,381,535 | Adva ces to ve do s | 5,020,775 | 9,400,197 | Due f om elated pa ties | — | 198,611 | Othe cu e t assets | 147,306 | 167,862 | Total cu e t assets | 54,311,311 | 39,859,569 | No -cu e t Assets | P ope ty a d equipme t, et | 245,394 | 194,878 | Right-of-use ope ati g lease assets | 283,410 | 144,535 | Defe ed tax assets | 117,091 | 140,377 | Total o -cu e t assets | 645,895 | 479,790 | TOTAL ASSETS | 54,957,206 | 40,339,359 | LIABILITIES AND SHAREHOLDERS’ EQUITY | Cu e t liabilities | Sho t-te m ba k loa s | 6,229,342 | 4,131,354 | Cu e t po tio of lo g-te m loa s | 159,467 | 578,775 | Accou ts payable | 7,317,603 | 2,258,129 | Defe ed eve ue | 300,831 | 1,007 | Taxes payable | 4,486,926 | 3,274,881 | Due to elated pa ties | 175,785 | 141,235 | Ope ati g lease liabilities, cu e t | 75,409 | 93,719 | Acc ued expe se a d othe cu e t liabilities | 720,799 | 889,863 | Total cu e t liabilities | 19,466,162 | 11,368,963 | Ope ati g lease liabilities, o -cu e t | 219,293 | 66,926 | Lo g-te m loa s | 1,601,914 | 1,281,574 | Total o -cu e t liabilities | 1,821,207 | 1,348,500 | Total liabilities | 21,287,369 | 12,717,463 | Commitme t a d co ti ge cies | Sha eholde s’ equity | O di a y sha es, $0.0001 pa value, 500,000,000 sha es autho ized, 27,882,500 a d 23,437,500 sha es issued as of Ma ch 31, 2026 a d 2025, espectively, a d 24,071,000 a d 23,437,500 sha es outsta di g as of Ma ch 31, 2026 a d 2025, espectively, i cludi g: | Class A o di a y sha es, $0.0001 pa value, 470,000,000 sha es autho ized, 26,705,175 a d 22,260,175 sha es issued as of Ma ch 31, 2026 a d 2025, espectively, a d 22,893,675 a d 22,260,175 sha es outsta di g as of Ma ch 31, 2026 a d 2025, espectively | 2,671 | 2,226 | Class B O di a y sha es, $0.0001 pa value, 30,000,000 sha es autho ized, 1,177,325 sha es issued a d outsta di g as of Ma ch 31, 2026 a d 2025, espectively | 118 | 118 | Additio al paid-i capital | 12,242,693 | 10,420,096 | Subsc iptio eceivable | (445 | ) | — | Statuto y ese ve | 1,197,331 | 908,214 | Retai ed ea i gs | 20,091,312 | 17,575,571 | Accumulated othe comp ehe sive i come (loss) | 136,157 | (1,284,329 | ) | Total sha eholde s’ equity | 33,669,837 | 27,621,896 | TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 54,957,206 | $ | 40,339,359 |
YSX TECH. CO., LTD AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Fo the yea s e ded Ma ch 31, | 2026 | 2025 | Reve ues | Reve ues | $ | 60,503,275 | $ | 51,558,098 | Reve ue, elated pa ties | 22,964,495 | 19,894,638 | Total eve ue | 83,467,770 | 71,452,736 | Cost of eve ues | Cost of eve ue | 76,273,430 | 64,066,148 | Cost of eve ue, elated pa ties | — | — | Total cost of eve ue | 76,273,430 | 64,066,148 | G oss p ofit | 7,194,340 | 7,386,588 | Ope ati g expe ses: | Selli g a d ma keti g | 103,933 | 121,681 | Ge e al a d admi ist ative | 1,476,653 | 2,225,447 | Sha e-based compe satio | 1,822,597 | — | Resea ch a d developme t | 250,671 | 240,052 | Total ope ati g expe ses | 3,653,854 | 2,587,180 | I come f om ope atio s | 3,540,486 | 4,799,408 | Othe i come (expe ses) | I te est expe se | (250,553 | ) | (159,298 | ) | I te est i come | 244 | 1,100 | I vestme t i come | — | 20,295 | Othe i come | 499,350 | 65,021 | Othe o -ope ati g i come (expe ses), et | 64,510 | (27,257 | ) | Total othe i come (expe se), et | 313,551 | (100,139 | ) | I come befo e i come tax p ovisio s | 3,854,037 | 4,699,269 | I come tax p ovisio | 1,049,179 | 677,421 | Net i come | 2,804,858 | 4,021,848 | Othe comp ehe sive i come | Fo eig cu e cy t a slatio adjustme t | 1,420,486 | (108,205 | ) | Comp ehe sive i come | $ | 4,225,344 | $ | 3,913,643 | Ea i gs pe sha e- basic a d diluted | $ | 0.11 | $ | 0.18 | Weighted ave age umbe of o di a y sha es – basic a d diluted | 25,772,226 | 22,401,712 |
YSX TECH. CO. LTD., AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS
| Fo the yea s e ded Ma ch 31, | 2026 | 2025 | Cash flows f om ope ati g activities: | Net i come | $ | 2,804,858 | $ | 4,021,848 | Adjustme ts to eco cile et i come to et cash used i ope ati g activities: | Dep eciatio a d amo tizatio | 49,489 | 26,497 | Loss f om disposal of fixed assets | 16,115 | — | Amo tizatio of ope ati g lease ight-of-use assets | 87,554 | 83,916 | Allowa ce fo expected c edit loss | 72,957 | 280,787 | Defe ed tax p ovisio | 29,711 | (64,284 | ) | Stock-based compe satio fo se vices | 1,822,597 | — | Cha ges i ope ati g assets a d liabilities: | Accou ts eceivable | (5,975,272 | ) | (8,808,278 | ) | Accou ts eceivable, elated pa ties | (12,641,032 | ) | (2,537,631 | ) | Adva ce to ve do s | 4,729,066 | (1,324,078 | ) | Othe cu e t assets | 45,986 | (92,803 | ) | Due f om elated pa ties | 202,966 | (207,676 | ) | Accou ts payable | 4,800,769 | 744,481 | Adva ces f om custome s | 291,201 | (13,095 | ) | Adva ces f om custome s, elated pa ties | — | — | Taxes payable | 1,011,969 | 711,429 | Net cha ges i ope ati g ight-of-use assets a d lease liabilities | 174,618 | (87,077 | ) | Acc ued expe se a d othe cu e t liabilities | (209,182 | ) | 776,481 | Net cash used i ope ati g activities | (2,685,630 | ) | (6,489,483 | ) | Cash flows f om i vesti g activities: | Pu chase of p ope ty a d equipme t | (88,716 | ) | (167,932 | ) | P oceeds f om te mi atio of the lo g-te m i vestme t | — | — | Pu chase of sho t-te m i vestme t | — | — | P oceeds upo matu ity of sho t-te m i vestme t | — | 2,105,016 | Net cash (used i ) p ovided by i vesti g activities | (88,716 | ) | 1,937,084 | Cash flows f om fi a ci g activities: | P oceeds f om sho t-te m ba k loa s | 5,913,252 | 4,989,677 | Repayme t of sho t-te m ba k loa s | (4,083,932 | ) | (2,399,922 | ) | P oceeds f om lo g-te m ba k loa s | 422,476 | 1,385,636 | Repayme t of lo g-te m ba k loa s | (612,590 | ) | (138,564 | ) | P oceeds f om a elated pa ty loa | — | — | Repayme t of a elated pa ty loa | — | (1,385,636 | ) | P oceeds f om ( epayme t of) bo owi g f om elated pa ties | 33,562 | (275,627 | ) | Payme t fo defe ed i itial public offe i g costs | — | — | Net p oceeds f om completio of the i itial public offe i g | — | 5,073,566 | Net cash p ovided by fi a ci g activities | 1,672,768 | 7,249,130 | Effect of excha ge ate cha ge o cash | (114,474 | ) | 124,560 | Net (dec ease) i c ease i cash | (1,216,052 | ) | 2,821,291 | Cash, begi i g of yea | 7,105,085 | 4,283,794 | Cash, e d of yea | $ | 5,889,033 | $ | 7,105,085 | Suppleme tal disclosu es of cash flow i fo matio : | Cash paid fo i come tax | $ | 40,110 | $ | 29,966 | Cash paid fo i te est | $ | 250,553 | $ | 159,298 | Suppleme tal disclosu e of o -cash i vesti g a d fi a ci g activities | Right-of-use assets obtai ed i excha ge fo ope ati g lease obligatio s | $ | 300,784 | $ | — |
