YSXTNasdaqServices-Automotive Repair, Services & ParkingUS GAAP · USD

YSX Tech Co., Ltd

YSX Tech Co., Ltd provides business solutions for enterprise customers in China through its operating companies, with a focus on auto insurance aftermarket value-added services, software development, information technology services, and customized scenario-based services. Its business is centered on serving insurance companies, brokerages, and related enterprise clients, with operations primarily in Xinjiang and Guangdong provinces.

Kysy yhtiöstä
Liikevaihto83,5milj. USD
+16,8 %v/v
Liikevoitto (EBIT)3,5milj. USD
−26,2 %v/v
EBIT-marginaali4,2%
−2,5 %-yks.v/v
Nettotulos2,8milj. USD
−30,3 %v/v
Vapaa kassavirta−2,8milj. USD
+58,3 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2023–2026

020406080100milj. USD2023: 49 milj. USD2023: EBIT 5,7 milj. USD20232024: 59 milj. USD2024: EBIT 5,0 milj. USD20242025: 71 milj. USD2025: EBIT 4,8 milj. USD20252026: 83 milj. USD2026: EBIT 3,5 milj. USD2026833,5
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: YSX Tech Co., Ltd

Liiketoiminta

Osuus liikevaihdosta
Auto insurance aftermarket services55 %

Value-added services supporting auto insurance customers and related workflows.

Software development20 %

Custom software built for enterprise customers, especially insurance-related use cases.

Information technology services15 %

IT services delivered to corporate clients alongside the company’s core service offerings.

Scenario-based customized services10 %

Tailored business services designed around specific customer needs and use cases.

Tuotteet

Raportoitu · osuus liikevaihdosta
96,8%FY2026100 %
  • Auto Insurance Aftermarket Value Added Services96,8 %
  • Services and other3,2 %

Lähde: 20-F FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

YSX mainly serves enterprise customers in China, especially insurance companies and brokerages that need outsourced services, customer development support, and technology-enabled offerings. The company also serves a smaller set of technology, manufacturing, and trade customers, but its core client base is tied to the insurance industry. Its service model is non-exclusive and order-based, so customer retention and repeat business are central to revenue stability.

Insurance companies

Buy auto insurance aftermarket and related enterprise services to support customer engagement and operations.

Brokerages

Use the company’s service capabilities and customer-development support for insurance distribution activities.

Technology companies

Purchase software development and IT-related services for business needs.

Manufacturing and trade companies

Buy customized services and support solutions on an as-needed basis.

Strategia

YSX’s strategy is built around retaining large enterprise customers, expanding new customer acquisition, and deepening relationships in its core insurance niche. It also relies on a subcontracted vendor network, so maintaining vendor cooperation and service quality is important to delivering its offerings at scale. Branding, sales, and marketing investment are central to supporting growth in a business where customer orders are non-exclusive and can be switched to competitors.

Customer retentionLyhyt aikaväli

Revenue depends heavily on a small number of large enterprise customers.

New customer acquisitionKeskipitkä aikaväli

The company needs to broaden its base to reduce concentration risk and support growth.

Vendor network stabilityLyhyt aikaväli

Delivery depends on subcontracting and collaborating vendors for core service execution.

Maantiede

YSX primarily operates in Xinjiang Province and Guangdong Province in China, where most of its customers are located. The company’s business exposure is therefore concentrated in two regional markets rather than spread across a broad international footprint. This local concentration matters because customer access, vendor coordination, and regulatory conditions are tied closely to those operating regions.

Riskit

YSX has concentrated exposure to a small number of large customers and a limited number of collaborating vendors, which makes revenue and service delivery sensitive to relationship changes. Its business is also concentrated in two Chinese operating markets, so local competitive pressure, customer demand shifts, and regulatory changes can have an outsized effect on results.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer concentration1Vendor concentration2Competitive switching risk3Regional concentration4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer concentrationVaikutus: KorkeaTodennäköisyys: Korkea

    A few customers contribute a very large share of revenue, so loss or reduced orders would materially hurt sales.

    KohdistuuThree customers represented 28.9%27.5%26.0% of revenue in FY2026
  2. Vendor concentrationVaikutus: KorkeaTodennäköisyys: Korkea

    The company relies on a small number of collaborating vendors to provide services to enterprise customers.

    Kohdistuu: Three vendors accounted for 77.2% of procurement costs in FY2026.

  3. Competitive switching riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Contracts are non-exclusive and customers can shift orders to competitors if pricing or service quality weakens.

    Kohdistuu: Insurance customers and brokerages can reduce or stop purchase orders.

  4. Regional concentrationVaikutus: KeskitasoTodennäköisyys: Korkea

    Operations are concentrated in two provinces, limiting geographic diversification.

    Kohdistuu: Primary operations are in Xinjiang and Guangdong.

Kysy Clarifolta: YSX Tech Co., Ltd

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Service revenue is recognized when performance obligations are satisfied under customer arrangements.

Vaikutus: Affects timing of revenue and quarterly comparability.

Expected credit losses

Receivables are recorded net of allowance for credit losses under ASC 326.

Vaikutus: Can materially affect net receivables and bad-debt expense.

Advance to vendors

Prepayments to vendors are reviewed for impairment and realizability.

Vaikutus: Could create write-downs if vendor recovery becomes doubtful.

Long-lived asset impairment

Recoverability estimates affect whether property and other assets are written down.

Vaikutus: Can lead to non-cash impairment charges.

Deferred tax assets

Realization depends on future taxable income assumptions.

Vaikutus: May affect tax expense and reported equity.

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 28.9.2026

YSX Tech Co., Ltd (YSXT) liikevaihto, tulos ja tunnusluvut 2026 – Clarifo