LinkedIn
WebsiteIntroduction
YSX TECH CO., LTD (NASDAQ: YSXT) is a Cayman Islands exempted company that, through its variable interest entities in China, provides electronic manufacturing services and auto insurance aftermarket value-added services. Founded in 2004 and headquartered in Guangzhou with additional operations in Xinjiang and Guangdong provinces, the company offers end-to-end solutions including electronic engineering, PCB fabrication, SMT and PCB assembly, prototyping, turnkey box builds, software development, and other customized services for telecommunications, consumable electronics, industrial control, medical equipment, power supply, security, and automotive sectors. On October 10, 2025, YSXT shares closed at $2.60, up 26.21% on a volume of 117,376.
Corporate Structure and Operations
YSX TECH is organized as a Cayman Islands exempted company and operates in China through variable interest entities. Its governance and financial reporting comply with U.S. securities regulations under SEC filings. The company employs approximately 201â500 staff members according to its LinkedIn profile, led by CEO and Chairman Jie Xiao. In addition to its core manufacturing services, YSXTâs principal revenue driver is auto insurance aftermarket services provided to insurance companies and brokerages across China.
Auto Insurance by Campbell
Developments and Announcements
⢠December 19, 2024: Closing of the initial public offering of 1,250,000 Class A ordinary shares at $4.00 per share, with an additional 187,500 shares sold upon full exercise of the underwriterâs overallotment option, raising total gross proceeds of approximately $5.75 million. Proceeds were allocated for geographic expansion, product research and development, talent acquisition, and general corporate purposes.
⢠July 31, 2025: Release of fiscal year 2025 financial results.
⢠September 29, 2025: SEC Form S-8 filing to register 2,780,000 Class A ordinary shares under the 2025 Second Equity Incentive Plan, indicating a strategic focus on employee equity compensation.
Financial and Strategic Analysis
In the fiscal year ended March 31, 2025, YSX TECH reported:
| Metric | FY 2024 | FY 2025 | Change |
|---|---|---|---|
| Total Revenue | $58.5 million | $71.5 million | +22.0% |
| Auto Insurance Aftermarket Service Revenue | $45.6 million (78.0% of total) | $63.4 million (88.7% of total) | +39.1% |
| Gross Profit | $6.96 million | $7.39 million | +6.1% |
| Gross Margin | 11.9% | 10.3% | -1.6 pp |
| Net Income | $4.6 million | $4.0 million | -11.9% |
Revenue growth was attributed to a 24.6% increase in service volume to 4.72 million calls, with a significant growth of approximately 2,978% in driving risk screening services (from 85,706 to 2.6 million calls). Despite the increase in revenue, margin compression from lower-priced scenario-based offerings impacted profitability. Management plans to optimize the service mix, control costs, and enhance efficiency through technology investments. The S-8 filing highlights an emphasis on equity incentives to align employee performance with shareholder interests.
Market Position and Industry Context
YSX TECH operates within the electronic manufacturing services and auto insurance aftermarket solutions sectors. Its established relationships with insurance companies and brokerages in China have supported growth in value-added service contracts. The larger electronics manufacturing sector in China is competitive and influenced by technological advancements, supply-chain dynamics, and regulatory considerations. YSX TECHâs expansion into software development and customized services aims to reduce reliance on specific revenue streams. Trading on the Nasdaq Capital Market under the symbol YSXT, the company competes with peers in PCB assembly, contract manufacturing, and specialized automotive service sectors.
tl;dr
Shares of YSXT increased by 26.21% to $2.60 on October 10, 2025. For the fiscal year ended March 31, 2025, revenue increased by 22.0% to $71.5 million while net income decreased by 11.9% to $4.0 million. Growth was largely attributed to a 39.1% rise in auto insurance aftermarket services, driven by a 2,978% increase in driving risk screening calls. Management is focused on optimizing service offerings, controlling costs, and investing in technology. The S-8 filing on September 29, 2025, registered 2,780,000 shares under an employee equity plan, indicating a continued focus on aligning employee incentives with corporate performance.
