有信科技 2025年年度报告和过渡报告

UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION WASHINGTON,DC20549 FORM20-F ☐REGISTRATIONSTATEMENTPURSUANTTOSECTION12(b)OR(g)OFTHESECURITIESEXCHANGEACTOF1934 OR ☐ANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 ForthefiscalyearendedSeptember30,2024OR ☐TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 OR ☐SHELLCOMPANYREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 Dateofeventrequiringthisshellcompanyreport Forthetransitionperiodfromto CommissionFileNo.:001-42442 YouxinTechnologyLtd (Exactnameofregistrantasspecifiedinitscharter)Translationofregistrant’snameintoEnglish:Notapplicable CaymanIslands Room1005,1006,1007,No.122HuangpuAvenueWest, TianheDistrict,Guangzhou,GuangdongProvincePeople’sRepublicofChina,510000 (Jurisdictionofincorporationororganization)(Addressofprincipalexecutiveoffices) ShaozhangLinChiefExecutiveOfficer Room1005,1006,1007,No.122HuangpuAvenueWest,TianheDistrict,Guangzhou,GuangdongProvincePeople’sRepublicofChina,510000 Tel:+8613631357745 Email:ir@youxin.cloud (Name,Telephone,E-mailand/orFacsimilenumberandAddressofCompanyContactPerson) SecuritiesregisteredortoberegisteredpursuanttoSection12(b)oftheAct: TitleofeachclasstoberegisteredTradingSymbol(s) Nameofeachexchangeonwhicheachclassistoberegistered ClassAordinaryshares,$0.0001parvaluepershare YAAS TheNasdaqStockMarketLLC SecuritiesregisteredortoberegisteredpursuanttoSection12(g)oftheAct:NoneSecuritiesforwhichthereisareportingobligationpursuanttoSection15(d)oftheAct:None Numberofoutstandingsharesofeachoftheissuer’sclassesofcapitalorcommonstockasofSeptember30,2024:22,304,693ClassAordinaryshares. Indicatebycheckmarkiftheregistrantisawell-knownseasonedissuer,asdefinedinRule405oftheSecuritiesAct.Yes☐No☐ Ifthisreportisanannualortransitionreport,indicatebycheckmarkiftheregistrantisnotrequiredtofilereportspursuanttoSection13or15(d)oftheExchangeActof1934.Yes☐No☐ Indicatebycheckmarkwhethertheregistrant(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheExchangeActduringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days.Yes☐No☐ IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegulationS-Tduringthepreceding12months.Yes☐No☐ Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,oranemerginggrowthcompany. Largeacceleratedfiler☐Acceleratedfiler☐Non-acceleratedfiler☐ EmergingGrowthCompany☐ IfanemerginggrowthcompanythatpreparesitsfinancialstatementsinaccordancewithU.S.GAAP,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection7(a)(2)(B)oftheSecuritiesAct.☐ †Theterm“neworrevisedfinancialaccountingstandard”referstoanyupdateissuedbytheFinancialAccountingStandardsBoardtoitsAccountingStandardsCodificationafterApril5,2012. Indicatebycheckmarkwhethertheregistranthasfiledareportonandattestationtoitsmanagement’sassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingunderSection404(b)oftheSarbanesOxleyAct(15 U.S.C.7262(b))bytheregisteredpublicaccountingfirmthatpreparedorissueditsauditreport.☐ IfsecuritiesareregisteredpursuanttoSection12(b)oftheAct,indicatebycheckmarkwhetherthefinancialstatementsoftheregistrantincludedinthefilingreflectthecorrectionofanerrortopreviouslyissuedfinancialstatements.☐ Indicatebycheckmarkwhetheranyofthoseerrorcorrectionsarerestatementsthatrequiredarecoveryanalysisofincentivebasedcompensationreceivedbyanyoftheregistrant’sexecutiveofficersduringtherelevantrecoveryperiodpursuantto§240.10D-1(b).☐ Indicatebycheckmarkwhichbasisofaccountingtheregistranthasusedtopreparethefinancialstatementsincludedinthisfiling. U.S.GAAP☐InternationalFinancialReportingStandardsasissuedbytheInternationalAccountingStandardsBoard☐ Other☐ If“Other”hasbeencheckedinresponsetothepreviousquestion,indicatebycheckmarkwhichfinancialstatementitemtheregistranthaselectedtofollow.☐Item17☐Item18 Ifthisisanannualreport,indicatebycheckmarkwhethertheregistrantisashellcompany.Yes☐No☐ TABLEOFCONTENTS Page INTRODUCTION1 CAUTIONARYNOTEREGARDINGFORWARD-LOOKINGSTATEMENTS2 EMERGINGGROWTHCOMPANYSTATUS1 MARKET,INDUSTRY,ANDOTHERDATA3 PARTI4 ITEM2.OFFERSTATISTICSANDEXPECTEDTIMETABLE4 ITEM1.IDENTITYOFDIRECTORS,SENIORMANAGEMENTANDADVISERS4 A.[Reserved]4 ITEM3.KEYINFORMATION4 C.ReasonsfortheOfferandUseofProceeds4 B.CapitalizationandIndebtedness4 ITEM4.INFORMATIONONTHECOMPANY56 D.RiskFactors4 B.BusinessOverview57 A.HistoryandDevelopmentoftheCompany56 D.Property,PlantsandEquipment82 C.OrganizationalStructure82 ITEM5.OPERATINGANDFINANCIALREVIEWANDPROSPECTS83 ITEM4A.UNRESOLVEDSTAFFCOMMENTS83 B.LiquidityandCapitalResources96 A.OperatingResults89 ITEM6.DIRECTORS,SENIORMANAGEMENTANDEMPLOYEES101 C.CriticalAccountingEstimates100 B.Compensation103 A.DirectorsandSeniorManagement101 D