YSXT News & Events

YSX Tech files $200M mixed securities shelf

Reports 1H revenue $41M vs. $34.1M last year. "We are pleased to report our growth in both revenue and net income for the six months ended September 30, 2025," said Jie Xiao, CEO. "Our strategic focus on deepening relationships with insurance brokerages has yielded positive results, driving a 42.8% increase in service volume in our core auto insurance aftermarket business. Despite a shift in the service mix that slightly impacted gross margins, our ability to control administrative costs and streamline operations allowed us to deliver a 39% increase in net income. We believe that the results demonstrate the scalability of our platform and the strength of our insurer and brokerage partnerships. New contract acquisitions and greater utilization of value-added services, including, inspections, risk screening, rescue and maintenance services also facilitated our growth during the reporting period. Looking ahead, the Company is focused on converting recent strategic initiatives into revenue and margin gains. New commercial collaborations, including the strategic alliance aimed at enhancing auto insurance and supply chain finance capabilities with Huijian Information Technology Co., Ltd., as well as our previously announced partnership with a car distributor targeted at building a technology-oriented physical automotive service platform, are expected to expand our market presence, broaden insurance and financing solutions, and generate additional cross-selling opportunities for both the Company and our partners."

YSX TECH entered into a two-year Framework Cooperation Agreement with Huijian Information Technology Service Co., which focuses on three key areas: enhancing auto insurance services, strengthening supply chain finance capabilities, and developing insurance products. Established in 2015, Huijian offers automotive lifecycle services. It leverages artificial intelligence to lead data management, and holds intellectual property portfolio in automotive data processing and supply chain analysis. Pursuant to the Agreement, the Company expects to bring into the partnership its insurer network, industry resources, and professional services. Leveraging the combined strengths, Huijian and the Company intend to work together on the following three core areas: The Company plans to utilize Huijian's supply chain network for exclusive service delivery to car owners when securing service orders from insurer partners This is expected to enable the Company to provide standardized, high-quality after-sales services for car owners and strengthen the Company's offline presence. Leveraging Huijian's operational and credit data from its business, the Company aims to build credit profiles for participants in the automotive supply chain. Through its insurer network and, based on and subject to such credit profiles, the Company intends to provide credit enhancement services, such as credit guarantee insurance for participants, to facilitate streamlined access to financing from banks and other financial institutions. This is anticipated to strengthen Huijian's supply chain network and develop a new business for the Company. By combining Huijian's supply chain data with the Company's insurer resources, the companies aim to develop differentiated, customized insurance products. These may include usage-based auto insurance, parts warranty insurance, and policies tailored to specific models and driving behavior. Huijian's data are anticipated to optimize insurance pricing and underwriting, with a goal of allowing insurers to target markets more effectively and enhance the collaboration between the Company and its insurer partners.

YSX TECH announced that the Company has relocated its research and development center to a new expanded location at Building 9, East Zone, Times Fangzhou, No. 2 Huazhou Road, Haizhu District, Guangzhou, China. On September 27, the Company officially moved its R&D Center to the new location. The new facility provides a 30% increase in usable space over the previous site, offering additional room for technology development, business meetings, and team collaboration. The expanded space is intended to support the Company's anticipated business growth and team expansion, as well as technological innovation and product upgrades, in furtherance of the Company's commitment to the insurance-technology sector and its long-term strategic vision.