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Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507602342?lang=en_us&edition=fundamental","pubTime":"2025-01-31 07:30","pubTimestamp":1738279800,"startTime":"0","endTime":"0","summary":"Mr. Shaozhang Lin, Chief Executive Officer of Youxin Technology Ltd, commented, \"The past year underscores our diligent strategic adjustments and significant efforts to enhance operational efficiency amid macroeconomic headwinds and challenges in China. We successfully improved our gross margins by 5% to 66% overall in fiscal year 2024 from 61% in fiscal year 2023, despite a decline in revenue due to our strategic shift from developing the customized CRM systems toward developing and marketing our third-generation PaaS platform. As PaaS products generally feature more functionalities in contrast to the more hands-on personnel efforts required for customized CRM development services, we managed to reduce operating expenses and increase efficiency. This improvement reflects better cost control, reduced focus on less profitable service lines, and a pivot toward an upgraded portfolio of solutions. 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Its cloud-based SaaS product and PaaS platform help retail enterprises digitally transform their businesses to develop, use, and control business applications for offline direct distribution to connect the management team, distributors, salespersons, stores, and end customers across systems, apps, and devices. The company was founded in 2018 and is headquartered in Guangzhou, China.Aegis Capital Corporation  has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. 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