XML 41 R19.htm IDEA: XBRL DOCUMENT v3.26.1
SEGMENT REPORTING
 12 Months Ended
Mar. 31, 2026
SEGMENT REPORTING  
SEGMENT REPORTING

NOTE 13 — SEGMENT REPORTING

An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses, and is identified on the basis of the internal financial reports that are provided to and regularly reviewed by the Company’s chief operating decision maker in order to allocate resources and assess performance of the segment.

The Company’s CODM has been identified as the Chief Executive Officer (the “CEO”), who reviews consolidated results of the Company when making decisions about allocating resources and assessing performance across the Company’s reportable segments. The CODM regularly reviews the trends in operating metrics, revisits, assesses, and adjusts significant strategic and operational matters, and makes resource adjustments as needed, such as exploring opportunities for market expansion and diversifying the Company’s service mix, responding immediately and effectively to operational adjustments, aligning ongoing business activities with corporate-level objectives, improving customer satisfaction, enhancing corporate culture, monitoring budget versus actual results and decides where to allocate and invest additional resources to continue growth. The primary measure of segment revenue and profitability for the Company’s operating segment is considered to be consolidated revenue and net income. Significant segment expenses and other segment items are consistent with the financial information included on the consolidated statements of income and comprehensive income.

The Company uses the “management approach” in determining reportable operating segments. Based on management’s assessment, the Company has determined that it has three operating segments by service type as defined by ASC 280, including Auto Insurance Aftermarket Value-added Services, Other Scenario-based Customized Services and Software Development and Information Technology Services.

As of March 31, 2026 and 2025, the main operations of the Company are located in the PRC. Substantially all of the Company’s assets are located in China and all revenue was derived from customers located in China. The following tables present summary information by segment for the years ended March 31, 2026, 2025 and 2024, respectively:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the year ended March 31, 2026

​

​

​

​

​

​

​

Software

​

​

​

​

​

​

​

​

​

​

​

Development

​

​

​

​

​

Auto Insurance

​

Other

​

and 

​

​

​

​

​

Aftermarket

​

Scenario-based

​

 Information

​

​

​

​

​

Value-added

​

Customized

​

Technology

​

​

​

​

  ​ ​ ​

 Services

  ​ ​ ​

Service

  ​ ​ ​

Services

  ​ ​ ​

Total

Revenues

​

$

80,752,915

 

$

2,663,557

 

$

51,298

 

$

83,467,770

Cost of revenues

​

 

73,849,597

 

 

2,379,042

 

 

44,791

 

 

76,273,430

Gross profit

​

 

6,903,318

 

 

284,515

 

 

6,507

 

 

7,194,340

Operating expenses

​

 

3,535,010

 

 

116,598

 

 

2,246

 

 

3,653,854

Income from operations

​

 

3,368,308

 

 

167,917

 

 

4,261

 

 

3,540,486

Income tax provision

​

 

1,015,053

 

 

33,481

 

 

645

 

 

1,049,179

Net income

​

 

2,713,628

 

 

89,506

 

 

1,724

 

 

2,804,858

Depreciation

​

 

47,880

 

 

1,579

 

 

30

 

 

49,489

Capital expenditure

​

 

85,830

 

 

2,831

 

 

55

 

 

88,716

Total reportable assets

​

$

53,169,680

 

$

1,753,750

 

$

33,776

 

$

54,957,206

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

For the year ended March 31, 2025

​

​

​

​

​

​

​

​

Software

​

​

​

​

​

​

​

​

​

​

​

Development

​

​

​

​

​

Auto Insurance

​

Other

​

and 

​

​

​

​

​

Aftermarket

​

Scenario-based

​

 Information

​

​

​

​

​

Value-added

​

Customized

​

Technology

​

​

​

​

  ​ ​ ​

 Services

  ​ ​ ​

Service

  ​ ​ ​

Services

  ​ ​ ​

Total

Revenues

 

$

63,398,860

 

$

7,437,448

 

$

616,428

 

$

71,452,736

Cost of revenues

 

 

57,116,307

 

 

6,481,279

 

 

468,562

 

 

64,066,148

Gross profit

 

 

6,282,553

 

 

956,169

 

 

147,866

 

 

7,386,588

Operating expenses

 

 

2,295,563

 

 

269,297

 

 

22,320

 

 

2,587,180

Income from operations

 

 

3,986,990

 

 

686,872

 

 

125,546

 

 

4,799,408

Income tax provision

 

 

601,065

 

 

70,512

 

 

5,844

 

 

677,421

Net income

 

 

3,568,523

 

 

418,628

 

 

34,697

 

 

4,021,848

Depreciation

 

 

23,510

 

 

2,758

 

 

229

 

 

26,497

Capital expenditure

 

 

149,004

 

 

17,480

 

 

1,448

 

 

167,932

Total reportable assets

 

$

35,792,463

 

$

4,198,885

 

$

348,011

 

$

40,339,359

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

For the year ended March 31, 2024

​

  ​ ​ ​

​

​

  ​ ​ ​

​

​

  ​ ​ ​

Software

  ​ ​ ​

​

​

​

​

​

​

​

​

​

​

Development

​

​

​

​

​

Auto Insurance

​

Other

​

and

​

​

​

​

​

Aftermarket

​

Scenario-based

​

Information

​

​

​

​

​

Value-added

​

Customized

​

Technology

​

​

​

​

​

Services

  ​ ​ ​

Service

  ​ ​ ​

Services

  ​ ​ ​

Total

Revenues

​

$

45,561,529

​

$

11,764,389

​

$

1,220,811

​

$

58,546,729

Cost of revenues

​

 

40,634,065

​

 

10,028,326

​

 

921,411

​

 

51,583,802

Gross profit

​

 

4,927,464

​

 

1,736,063

​

 

299,400

​

 

6,962,927

Operating expenses

​

 

1,526,232

​

 

394,087

​

 

40,895

​

 

1,961,214

Income from operations

​

 

3,401,232

​

 

1,341,976

​

 

258,505

​

 

5,001,713

Income tax provision

​

 

418,498

​

 

108,060

​

 

11,213

​

 

537,771

Net income

​

 

3,553,273

​

 

917,486

​

 

95,209

​

 

4,565,968

Depreciation

​

 

21,256

​

 

5,488

​

 

570

​

 

27,314

Capital expenditure

​

 

177,574

​

 

45,851

​

 

4,758

​

 

228,183

Total reportable assets

​

$

21,689,377

​

$

5,600,388

​

$

581,162

​

$

27,870,927

​