CCSC Technology International Holdings Limited Reports Financial Results for Fiscal Year Ended March 31, 2025

Core Viewpoint - CCSC Technology International Holdings Limited reported a year of growth and global expansion for the fiscal year ended March 31, 2025, with total revenue increasing by 19.5% year-over-year to $17.6 million, driven by strong demand for cable and wire harness products [2][4]. Financial Performance - Total revenue for the fiscal year ended March 31, 2025, was $17.6 million, up from $14.7 million in the previous year, marking a 19.5% increase [4][6]. - Gross profit increased by 27.1% to $5.0 million, with gross margin improving to 28.3% from 26.6% [6][13]. - Net loss for the fiscal year was $1.4 million, compared to a net loss of $1.3 million in the prior year, with basic and diluted loss per share at $0.12 [6][18][17]. Revenue Breakdown - Revenue from cable and wire harness products was $16.4 million, a 20.2% increase from $13.6 million [4][6]. - Revenue from connectors rose by 11.1% to $1.2 million [4]. - Revenue by region showed Europe generating $11.0 million (62.3% of total revenue), a 29.0% increase, while Asia contributed $5.3 million (30.3%), up 10.2%. The Americas saw a decrease of 5.7% to $1.3 million [7][8][9]. Cost Structure - Cost of revenue increased by 16.8% to $12.6 million, aligning with the revenue growth [10]. - Inventory costs rose to $8.6 million, driven by a 37.1% increase in sales volume, despite a decrease in inventory cost per unit [11]. - Labor costs increased to $3.1 million, reflecting higher production volumes [12]. Operating Expenses - Operating expenses increased by 20.5% to $7.0 million, primarily due to higher selling, general and administrative expenses, and research and development costs [14]. Cash Flow and Financial Condition - As of March 31, 2025, cash was $3.7 million, down from $5.5 million the previous year. Net cash used in operating activities was $1.0 million, an improvement from $2.5 million in the prior year [19][20].