1. YSX TECH collaborates with Qingfeng on a strategic MOU. 2. Partnership aims to integrate digital tools with Qingfeng's service network. 3. Joint efforts will enhance operational efficiency and customer experience. 4. Innovation in SaaS products and service standards is anticipated. 5. Updates on project scopes and agreements will follow soon.
FAQ
Why Bullish?
The collaboration signals significant potential for growth by leveraging digital solutions and enhancing service standards, similar to prior mergers in tech and retail that increased market share and efficiency.
How important is it?
The strategic MOU aligns YSXT with a leading automotive distributor, promising new revenue streams and greater market penetration, crucial for YSXT's growth trajectory.
Why Long Term?
Strategic collaborations often take time to realize benefits, as seen with tech integrations that gradually enhance operational efficiencies over years.
YSX TECH. CO., LTD Partners with Guangdong Qingfeng Automobile Group to Enhance Automotive Services
GUANGZHOU, China, Dec. 9, 2025 (GLOBE NEWSWIRE) – YSX TECH. CO., LTD (NASDAQ: YSXT), a Cayman Islands exempted company focused on delivering comprehensive business solutions for insurance companies and brokerages in China, has formed a non-binding strategic Memorandum of Understanding (MOU) with Guangdong Qingfeng Automobile Group Co., Ltd. This collaboration aims to integrate YSXT's advanced digital platform and software as a service (SaaS) capabilities with Qingfeng’s extensive offline automotive sales and service network, fostering long-term growth opportunities.
Overview of Guangdong Qingfeng Automobile Group
Founded in 1993, Guangdong Qingfeng is recognized as a prominent mid-to-large automotive distributor within China, ranking among the top ten dealers in Guangdong province. The company focuses on various core operations, including:
- New-car retail
- Auto-parts wholesale and retail
- After-sales services
- Vehicle import and export
In 2023, Qingfeng reported a revenue of RMB 6 billion (approximately $850 million), underscoring its significant role in the automotive distribution landscape.
Strategic Goals of the MOU Between YSXT and Qingfeng
The MOU establishes a framework for developing a “Technology + Physical” platform that enhances digital transformation and operational efficiency for both parties. Key initiatives outlined in the MOU include:
- Application of Digital Tools: YSXT will implement digital solutions to streamline operations across Qingfeng’s sales and service network, boosting productivity and coordination.
- Regional Service Ecosystem: Integration of local repair shops and parts suppliers into a certified platform, ensuring a quality-controlled network to enhance customer experiences.
- Brand Upgrade and Industry Benchmark: The partnership will create a “technology-enabled physical service” model that establishes new standards in efficiency and service delivery.
- Joint Innovation and IP Commercialization: YSXT and Qingfeng will co-develop SaaS products and service standards, fostering innovation that can be leveraged commercially.
Insights from Leadership
Mr. Jie Xiao, CEO of YSX TECH. CO., LTD, emphasized the strategic importance of this partnership. “Our collaboration with Qingfeng presents a unique opportunity to utilize YSXT's technological capabilities to deliver measurable benefits for dealerships and service centers,” he stated. This partnership is expected to yield significant improvements in operational efficiency and the co-creation of standardized services and SaaS solutions.
Looking Ahead
As YSX and Qingfeng work to finalize the details of their collaboration, both companies are committed to providing updates to the market regarding project scopes and the execution of follow-on agreements. This partnership marks a critical step in accelerating the adoption of digital practices within the automotive service sector.
About YSX TECH. CO., LTD
YSX TECH. CO., LTD specializes in comprehensive business solutions primarily for insurance companies and brokerages in China. The company boasts extensive expertise in auto insurance aftermarket services, software development, and information technology. For more details, please visit ir.ysxtechcay.com and ysxnet.com.
About Guangdong Qingfeng Automobile Group Co., Ltd.
Guangdong Qingfeng is a comprehensive automotive distribution and service group covering new vehicle retail, aftersales, and parts sales. The company operates a multi-brand dealer network and has consistently demonstrated significant revenue growth through strategic investments. For more information, please visit qfcars.com.
Forward-Looking Statements
This press release contains forward-looking statements. These include discussions about plans and strategies which involve inherent risks and uncertainties. Investors are advised not to place undue reliance on these statements, as actual results may differ significantly. For more information, please refer to the company’s filings with the United States Securities and Exchange Commission.
Media Contacts
For media inquiries regarding YSX TECH. CO., LTD, please contact:
- Email: marketing@ysxnet.com
- Phone: +86 (20) 2984 2002
- Investor Relations: WFS Investor Relations Inc. - Janice Wang, Email: services@wealthfsllc.com, Phone: +1 628 283 9214