YSX Tech. Co., Ltd Price & Performance (YSXT)

YSX Tech reported a 28.7% revenue increase to $34.1 million for the six months ending September 2024, driven by an 879% surge in vehicle risk screening services. However, net income fell 22% to $1.9 million due to declining margins and higher expenses. The company plans pricing refinements to address profitability issues.12

YSX Tech's vehicle risk screening services grew 879%, contributing to a 59.7% rise in service volume. Despite this, gross margins dropped to 10.6% from 12.7%, and net income fell to $1.9 million. The company is focused on cost efficiency and service optimization to counteract these profitability pressures.23

YSX Tech's revenue climbed 28.7% to $34.1 million, fueled by strong demand for auto insurance services. Yet, operating expenses surged 121.8%, and software development revenue declined 63.5%. CEO Jie Xiao emphasized efforts to refine pricing and enhance efficiency to sustain growth while addressing margin erosion.34