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CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

12 Months Ended

Mar. 31, 2026

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

NOTE 15 — CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

Rule 12-04(a), 5-04(c) and 4-08(e)(3) of Regulation S-X require the condensed financial information of the parent company to be filed when the restricted net assets of consolidated subsidiaries exceed 25% of consolidated net assets as of the end of the most recently completed fiscal year. The Company performed a test on the restricted net assets of consolidated subsidiaries in accordance with such requirement and concluded that it was applicable to the Company as the restricted net assets of the Company’s PRC subsidiary and VIEs exceeded 25% of the consolidated net assets of the Company, therefore, the condensed financial statements for the parent company are included herein.

For purposes of the above test, restricted net assets of consolidated subsidiaries and VIEs shall mean that amount of the Company’s proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries and VIEs in the form of loans, advances or cash dividends without the consent of a third party.

The condensed financial information of the parent company has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the parent company used the equity method to account for investment in its subsidiaries and VIEs. Such investment is presented on the condensed balance sheets as “Investment in subsidiaries and VIEs” and the respective profit or loss as “Equity in earnings of subsidiaries and VIEs” on the condensed statements of comprehensive income.

The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S GAAP have been condensed or omitted.

The Company did not pay any dividend for the periods presented. As of March 31, 2026 and 2025, there were no material contingencies, significant provisions for long-term obligations, or guarantees of the Company, except for those which have been separately disclosed in the consolidated financial statements, if any.

YSX TECH. CO., LTD

PARENT COMPANY BALANCE SHEETS

​

​	​	​	​	​	​	​
​	​	As of March 31,
​	​ ​ ​	2026		​ ​ ​	2025
ASSETS	​	​	​	​	​	​
Current assets	​	​	​	​	​	​
Cash	​	$	3,985	​	$	556,346
Due from related parties	​	​	—	​	​	15,000
Total current assets	​	​	3,985	​	​	571,346
​	​	​	​	​	​	​
Non-current assets	​	​	​	​	​	​
Investment in subsidiaries and VIEs	​	​	33,665,852	​	​	27,608,141
​	​	​	​	​	​	​
Total assets	​	​	33,669,837	​	​	28,179,487
​	​	​	​	​	​	​
LIABILITIES AND SHAREHOLDERS’ EQUITY	​		​	​		​
​	​	​	​	​	​	​
Liabilities	​	​	—	​	​	557,591
​	​	​	​	​	​	​
COMMITMENTS AND CONTINGENCIES	​		​	​		​
​	​	​	​	​	​	​
SHAREHOLDERS’ EQUITY	​		​	​		​
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 27,882,500 and 23,437,500 shares issued as of March 31, 2026 and 2025, respectively, and 24,071,000 and 23,437,500 shares outstanding as of March 31, 2026 and 2025, respectively, including:	​		​	​		​
Class A ordinary shares, $0.0001 par value, 470,000,000 shares authorized, 26,705,175 and 22,260,175 shares issued as of March 31, 2026 and 2025, respectively, and 22,893,675 and 22,260,175 shares outstanding as of March 31, 2025, respectively	​		2,671	​		2,226
Class B Ordinary shares, $0.0001 par value, 30,000,000 shares authorized, 1,177,325 shares issued and outstanding as of March 31, 2026 and 2025, respectively	​		118	​		118
Subscription receivable	​	​	(445)	​	​	—
Additional paid-in capital	​		12,242,693	​		10,420,096
Statutory reserve	​	​	1,197,331	​	​	908,214
Retained earnings	​		20,091,312	​		17,575,571
Accumulated other comprehensive income (loss)	​		136,157	​		(1,284,329)
Total YSX Tech. Co., Ltd shareholders’ equity	​	​	33,669,837	​	​	27,621,896
​	​	​	​	​	​	​
Total liabilities and YSX Tech. Co., Ltd shareholders’ equity	​	$	33,669,837	​	$	28,179,487

​

​

YSX TECH. CO., LTD

PARENT COMPANY STATEMENTS OF COMPREHENSIVE INCOME

​

​	​	​	​	​	​	​	​	​	​
​	​ ​ ​	For the years ended March 31,
​	​ ​ ​	2026		​ ​ ​	2025		​ ​ ​	2024
General and administrative expenses	​	$	(560,688)	​	$	(689,500)	​	$	—
Share-based compensation expenses	​	​	(1,822,597)	​	​	—	​	​	—
Interest income	​	​	—	​	​	3	​	​	—
Equity in earnings of subsidiaries and VIEs	​	​	5,188,143	​	​	4,711,345	​	​	4,565,968
​	​	​	​	​	​	​	​	​	​
Net income	​		2,804,858	​	​	4,021,848	​		4,565,968
Foreign currency translation adjustment	​		1,420,486	​	​	(108,205)	​		(751,042)
Comprehensive income attributable to YSX Tech. Co., Ltd	​	$	4,225,344	​	$	3,913,643	​	$	3,814,926

​

​

YSX TECH. CO., LTD

PARENT COMPANY STATEMENTS OF CASH FLOWS

​

​	​	​	​	​	​	​	​	​	​
​	​ ​ ​	For the years ended March 31,
​	​ ​ ​	2026		​ ​ ​	2025		​ ​ ​	2024
Cash flows from operating activities		​	​	​	​	​		​	​
Net income	​	$	2,804,858	​	$	4,021,848	​	$	4,565,968
Adjustments to reconcile net cash flows from operating activities:	​		​	​	​	​	​		​
Share-based compensation	​		1,822,597	​	​	—	​		—
Equity in earnings of subsidiaries and VIEs	​	​	(5,188,143)	​	​	(4,711,345)	​	​	(4,565,968)
Changes in operating assets and liabilities:	​	​	​	​	​	​	​	​	​
Prepaid expenses and other current assets	​	​	(5)	​	​	—	​	​	—
Due from related parties	​	​	15,000	​	​	(15,000)	​	​	—
​	​	​	​	​	​	​	​	​	​
Net cash used in operating activities	​	​	(545,693)	​	​	(704,497)	​	​	—
​	​	​	​	​	​	​	​	​	​
Cash flows from investing activities	​	​	​	​	​	​	​	​	​
Investment in subsidiaries and VIEs	​	​	(100,475)	​	​	(4,200,000)	​	​	—
Net cash used in investing activities	​		(100,475)	​	​	(4,200,000)	​		—
​	​	​	​	​	​	​	​	​	​
Cash flows from financing activities	​	​	​	​	​	​	​	​	​
Proceeds from issuance of Class A ordinary shares through the IPO	​	​	—	​	​	5,073,566	​	​	—
Proceeds from borrowing from related parties	​	​	—	​	​	280,000	​	​	—
Net cash provided by financing activities	​	​	—	​	​	5,353,566	​	​	—
​	​	​	​	​	​	​	​	​	​
Effect of exchange rate change on cash	​	​	93,807	​	​	107,277	​	​	—
Changes in cash	​		(552,361)	​	​	556,346	​		—
​	​	​	​	​	​	​	​	​	​
Cash, beginning of the year	​		556,346	​	​	—	​		—
​	​	​	​	​	​	​	​	​	​
Cash, end of the year	​	$	3,985	​	$	556,346	​	$	—

​

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- References

No definition available.

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-11

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