CCTG

HONG KONG, July 17, 2026 /PRNewswire/ -- CCSC Technology International Holdings Limited (the "Company" or "CCSC") (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced its financial results for the fiscal year ended March 31, 2026. Mr. Kung Lok Chiu, Chief Executive Officer and Director of the Company, commented, "Fiscal year 2026 demonstrated the resilience of our business and the continued strength of our core operations. During the fiscal year, gross profit increased by 1.6% to $5.1 million, with gross profit margin improving to 29.3% from 28.3% in the prior fiscal year, supported by our continued focus on cost management and operational efficiency. We also recorded encouraging growth across selected products and markets, with revenue from connectors increasing by 5.7% and revenue from Asia increasing by 4.4%. "During the fiscal year, we advanced several strategic initiatives designed to broaden our capabilities and strengthen our market position. We launched eNaviX, our carbon footprint and energy management system for small and medium sized enterprises, expanding our offerings into carbon management and Environmental, Social and Governance (ESG) solutions. We also commenced construction of our new European supply chain management center in Merosina, Serbia, in January 2026, which is expected to be completed and ready for operational use in December 2026 and will serve as the headquarters of our European supply chain operations. "Looking ahead, we remain focused on enhancing our product portfolio, deepening customer relationships and improving operational flexibility as we pursue sustainable growth and long-term value for our shareholders. We believe our ongoing strategic initiatives will further strengthen our market position and support the Company's next phase of development." Fiscal Year Ended March 31, 2026 Financial Highlights Revenue was $17.3 million for the fiscal year ended March 31, 2026, compared to $17.6 million for the fiscal year ended March 31, 2025. Gross profit increased by 1.6% to $5.1 million for the fiscal year ended March 31, 2026, from $5.0 million for the fiscal year ended March 31, 2025. Gross profit margin was 29.3% for the fiscal year ended March 31, 2026, increased from 28.3% for the fiscal year ended March 31, 2025. Net loss was $4.8 million for the fiscal year ended March 31, 2026, compared to $1.4 million for the fiscal year ended March 31, 2025. Basic and diluted loss per share was $1.94 for the fiscal year ended March 31, 2026, compared to $1.22 for the fiscal year ended March 31, 2025. Fiscal Year Ended March 31, 2026 Financial Results Revenue Total revenue was $17.3 million for the fiscal year ended March 31, 2026, which decreased by 1.9% from $17.6 million for the fiscal year ended March 31, 2025. The following table sets forth revenue by interconnect products: Revenue generated from cables and wire harnesses decreased by 2.4%, to $16.0 million for the fiscal year ended March 31, 2026, from $16.4 million for the fiscal year ended March 31, 2025. The decrease was primarily driven by lower sales volume, which was partially offset by the increase in the overall average selling prices of the Company's cables and wire harness products. Revenue generated from connectors increased by 5.7%, to $1.3 million for the fiscal year ended March 31, 2026, from $1.2 million for the fiscal year ended March 31, 2025. The increase was primarily attributable to the increase in the overall average selling prices of the Company's connectors, partially offset by a decrease in sales volume. The following table sets forth the disaggregation of revenue by regions: Revenue generated from Europe decreased by 3.8%, to $10.6 million for the fiscal year ended March 31, 2026, from $11.0 million for the fiscal year ended March 31, 2025. The decline stemmed from modest sales decreases in Denmark and Bulgaria, which were partially offset by slight revenue growth in Hungary and the Netherlands. Revenue generated from Asia increased by 4.4%, to $5.6 million for the fiscal year ended March 31, 2026, from $5.3 million for the fiscal year ended March 31, 2025. This increase was primarily driven by a sales increase in Mainland China of $0.7 million and a sales increase in the Association of Southeast Asian Nations, or ASEAN, of $0.1 million, and was partially offset by a sales decrease in Hong Kong, China of $0.5 million. Revenue generated from the Americas decreased by 11.2%, to $1.2 million for the fiscal year ended March 31, 2026, from $1.3 million for the fiscal year ended March 31, 2025. This decrease was primarily due to a sales decrease in North America of $0.2 million. Cost of Revenue Cost of revenue decreased by 3.2%, to $12.2 million for the fiscal year ended March 31, 2026, from $12.6 million for the fiscal year ended March 31, 2025, which was generally in line with the decrease in total revenue. Inventory costs amounted to $8.5 million for the fiscal year ended March 31, 2026, compared to $8.6 million for the fiscal year ended March 31, 2025. The decrease in the Company's inventory costs was primarily due to an 11.9% decrease in the total sales volume from approximately 31.3 million units in the fiscal year ended March 31, 2025 to approximately 27.6 million units in the fiscal year ended March 31, 2026. Labor costs amounted to $2.8 million for the fiscal year ended March 31, 2026, compared to $3.1 million for the fiscal year ended March 31, 2025. The decrease in labor costs was mainly attributable to lower production volumes driven by decreased sales and the Company's efforts to reduce labor costs. Gross Profit and Gross Margin Gross profit increased by 1.6%, to $5.1 million for the fiscal year ended March 31, 2026, from $5.0 million for the fiscal year ended March 31, 2025. Gross profit margin increased by 1.0%, to 29.3% for the fiscal year ended March 31, 2026, from 28.3% for the fiscal year ended March 31, 2025, primarily due to a reduction in fixed costs per unit as a result of the Company's efforts in reducing labor costs. Operating Expenses Operating expenses increased by 22.6%, to $8.5 million for the fiscal year ended March 31, 2026, from $7.0 million for the fiscal year ended March 31, 2025. The expense increase was primarily due to the increase in selling expenses of $0.5 million, the increase in general and administrative expenses of $0.01 million, and the increase in research and development expenses of $1.1 million. Net Loss Net loss increased by 240.7%, to $4.8 million for the fiscal year ended March 31, 2026, from $1.4 million for the fiscal year ended March 31, 2025. Basic and Diluted Loss per Share Basic and diluted loss per share was $1.94 for the fiscal year ended March 31, 2026, compared to $1.22 for the fiscal year ended March 31, 2025. Financial Condition As of March 31, 2026, the Company had cash of $4.1 million, compared to $3.7 million as of March 31, 2025. Net cash used in operating activities in the fiscal year ended March 31, 2026 was $4.5 million, compared to $1.0 million in the fiscal year ended March 31, 2025. Net cash used in investing activities in the fiscal year ended March 31, 2026 was $1.4 million, compared to $0.9 million in the fiscal year ended March 31, 2025. Net cash provided by financing activities in the fiscal year ended March 31, 2026 was $6.3 million, compared to net cash used in financing activities of $0.05 million in the fiscal year ended March 31, 2025. About CCSC Technology International Holdings Limited CCSC Technology International Holdings Limited is a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products. The Company specializes in customized interconnect products, including connectors, cables and wire harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The Company produces interconnect products under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) models for manufacturing companies that produce end products, as well as electronic manufacturing services companies that procure and assemble products on behalf of such manufacturing companies. The Company has a diversified global customer base located in more than 25 countries throughout Asia, Europe and the Americas. For more information, please visit the Company's website: http://ir.ccsc-interconnect.com. Forward-Looking Statements Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue," or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Factors that could cause actual results to differ materially include, without limitation, risks and uncertainties described in the Company's Annual Report on Form 20-F for the fiscal year ended March 31, 2026, filed with the United States Securities and Exchange Commission on July 17, 2026, and in the Company's other filings with the United States Securities and Exchange Commission. Investors are encouraged to review the Annual Report on Form 20-F in its entirety for a more complete discussion of the risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. For more information, please contact: CCSC Technology International Holdings LimitedInvestor Relations DepartmentEmail: [email protected] Ascent Investor Relations LLCTina XiaoPhone: +1-646-932-7242Email: [email protected] View original content:https://www.prnewswire.com/news-releases/ccsc-technology-international-holdings-limited-reports-financial-results-for-fiscal-year-ended-march-31-2026-302828705.html

HONG KONG, Dec. 23, 2025 /PRNewswire/ -- CCSC Technology International Holdings Limited (the "Company" or "CCSC") (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced its unaudited financial results for the first six months of fiscal year 2026 ended September 30, 2025. Mr. Kung Lok Chiu, Chief Executive Officer and Director of the Company, commented, "The six months ended September 30, 2025 demonstrated the resilience of our business and the continued strength of our core operations. During the period, we maintained a gross profit margin of 29.2%, supported by cost management across our operations. Cost of revenue and operating expenses both declined compared to the prior year, reflecting our continued focus on operational efficiency and expense control. In October 2025, we completed a US$7.06 million follow-on public offering, which provided the resources to advance our long-term growth strategy. Building on this momentum, we plan to commence construction of our new supply chain management center in Serbia in January 2026, and we currently expect to complete the project in the fourth quarter of 2026. Once completed, this center is expected to serve as a logistics and manufacturing hub for our supply chain operations in Europe and to enhance our ability to support customers across the region with greater efficiency and responsiveness. Looking ahead, we aim to remain focused on product innovation, operational execution, and disciplined investment, and we are committed to delivering high quality, customized interconnect solutions to our customers." Six Months Ended September 30, 2025 Financial Summary Revenue was US$8.47 million for the six months ended September 30, 2025, compared to US$9.22 million for the same period of last year. Gross profit was US$2.48 million for the six months ended September 30, 2025, compared to US$2.75 million for the same period of last year. Gross profit margin was 29.2% for the six months ended September 30, 2025, compared to 29.8% for the same period of last year. Net loss was US$0.97 million for the six months ended September 30, 2025, compared to US$0.74 million for the same period of last year. Basic and diluted loss per share was US$0.08 for the six months ended September 30, 2025, compared to US$0.06 for the same period of last year. Six Months Ended September 30, 2025 Financial Results Revenue Total revenue was US$8.47 million for the six months ended September 30, 2025, which decreased by 8.2% from US$9.22 million for the same period of last year. The following table sets forth revenue by interconnect products: Revenue generated from cables and wire harnesses decreased by 9.0%, to US$7.83 million for the six months ended September 30, 2025, from US$8.60 million for the same period of last year. Revenue generated from connectors increased by 3.5%, to US$0.64 million for the six months ended September 30, 2025, from US$0.61 million for the same period of last year. The decrease in revenue was primarily attributable to the decrease of sales volume, which was partially offset by an increase of the overall average selling prices of the Company's cables and wire harness products. The reduction in demand was principally attributable to a major customer's reduced order volumes during its transition from discontinued product models to new products that remain in the development phase, as the Company's cables and wire harnesses are customized to the customer's product designs. The Company's subsidiaries manufacture cables and wire harnesses based on customer-specific orders. Our subsidiaries do not have a practice of holding excessive levels of inventory related to the customer's discontinued products, and do not have manufacturing assets or production lines that have been established solely for any specific product specification. Accordingly, we concluded that no indicators of inventory obsolescence or asset impairment existed as of September 30, 2025. The following table sets forth the disaggregation of revenue by regions: Revenue generated from Europe decreased by 11.6%, to US$4.97 million for the six months ended September 30, 2025, from US$5.63 million for the same period of last year. The decrease was primarily due to a decrease of sales in Denmark of US$0.69 million and Bulgaria of US$0.19 million, partially offset by an increase of sales in the U.K. of US$0.14 million and Hungary of US$0.12 million. The decline in Denmark was mainly attributable to a major customer placing fewer orders while transitioning from discontinued products to new products still under development, with the Company's cables and wire harnesses customized for the customer's products. Revenue generated from Asia increased by 5.9%, to US$2.90 million for the six months ended September 30, 2025, from US$2.74 million for the same period of last year. The increase was primarily driven by a sales increase in Mainland China of US$0.35 million, a sales increase in Association of Southeast Asian Nations of US$0.10 million, mainly due to higher demand from certain customers in Malaysia for components used in automation products, and partially offset by a sales decrease in Hong Kong, China of US$0.28 million. Revenue generated from the Americas decreased by 30.3%, to US$0.60 million for the six months ended September 30, 2025, from US$0.86 million for the same period of last year, which was primarily due to a sales decrease in North America of US$0.27 million. The decline was largely attributable to higher U.S. tariffs, which led certain customers to gradually shift to local suppliers in order to mitigate their tax exposure. Revenue from other regions was mainly derived from Australia. Cost of Revenue Cost of revenue decreased by 7.4%, to US$5.99 million for the six months ended September 30, 2025, from US$6.47 million for the same period of last year. The decrease was primarily due to a decrease in inventory costs and labor costs. Inventory costs amounted to US$4.14 million for the six months ended September 30, 2025, compared to US$4.44 million for the same period of last year. The decrease in inventory costs was primarily due to a 14.1% decrease in the total sales volume and partially offset by an 8.8% increase in inventory cost per unit. Labor costs amounted to US$1.37 million for the six months ended September 30, 2025, compared to US$1.52 million for the same period of last year. The decrease in labor costs was mainly attributable to lower production volumes driven by decreased sales. Gross Profit and Gross Profit Margin Gross profit decreased by 9.9%, to US$2.48 million for the six months ended September 30, 2025, from US$2.75 million for the same period of last year. Gross profit margin was 29.2% for the six months ended September 30, 2025, compared with 29.8% for the same period of last year. The decrease was primarily due to an increase in fixed cost per unit as a result of a decrease in total sales volume. Operating Expenses Operating expenses decreased by 3.3%, to US$3.44 million for the six months ended September 30, 2025, from US$3.55 million for the same period of last year. The decrease was mainly due to (i) a decrease of US$0.08 million in selling expenses, including a decrease of US$0.09 million in exhibition expenses, as the Company reduced exhibition activities and focused on direct customer outreach to develop the market, partially offset by an increase of US$0.03 million in travelling expenses, reflecting additional on-site customer visits to support market development, and (ii) a decrease of US$0.03 million in general and administrative expenses, including a decrease of US$0.06 million in salaries and benefits due to the absence of non-recurring initial public offering-related bonus and celebration expenses incurred in the prior period, partially offset by an increase of US$0.02 million in depreciation and amortization. Other Expenses Other expenses decreased by 9.9%, to US$0.12 million for the six months ended September 30, 2025, from US$0.13 million for the same period of last year, primarily attributable to a decrease of US$0.14 million in government subsidy resulting from the absence of the non-recurring "Little Giant" award received in the prior period, and partially offset by a decrease of US$0.10 million in foreign currency exchange losses. Income Tax Benefit Income tax benefit decreased by 44.8%, to US$0.11 million for the six months ended September 30, 2025, from US$0.19 million for the same period of last year, which was primarily due to the lower losses incurred by the Company's Hong Kong subsidiary, CCSC Interconnect Technology Limited, for the six months ended September 30, 2025. Net Loss Net loss increased by 30.5%, to US$0.97 million for the six months ended September 30, 2025, from US$0.74 million for the same period of last year. Basic and Diluted Loss per Share Basic and diluted loss per share was US$0.08 for the six months ended September 30, 2025, compared to US$0.06 for the same period of last year. Financial Condition As of September 30, 2025, the Company had cash of US$2.81 million, compared to US$3.69 million as of March 31, 2025. Net cash used in operating activities was US$0.41 million for the six months ended September 30, 2025, compared to US$1.12 million for the same period of last year. Net cash used in investing activities was US$0.48 million for the six months ended September 30, 2025, compared to US$0.67 million for the same period of last year. There were no cash outflows from financing activities for the six months ended September 30, 2025 and 2024. About CCSC Technology International Holdings Limited CCSC Technology International Holdings Limited, is a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products. The Company specializes in customized interconnect products, including connectors, cables and wire harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The Company produces interconnect products under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) models for manufacturing companies that produce end products, as well as electronic manufacturing services companies that procure and assemble products on behalf of such manufacturing companies. The Company has a diversified global customer base located in more than 25 countries throughout Asia, Europe and the Americas. For more information, please visit the Company's website: http://ir.ccsc-interconnect.com. Forward-Looking Statements Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue," or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statements and other filings with the United States Securities and Exchange Commission. For more information, please contact: CCSC Technology International Holdings Limited Investor Relations Department Email: [email protected] Ascent Investor Relations LLC Tina Xiao Phone: +1-646-932-7242 Email: [email protected] View original content:https://www.prnewswire.com/news-releases/ccsc-technology-international-holdings-limited-reports-financial-results-for-the-six-months-ended-september-30-2025-302648797.html

HONG KONG, July 17, 2025 /PRNewswire/ -- CCSC Technology International Holdings Limited (the "Company" or "CCSC") (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced its financial results for the fiscal year ended March 31, 2025. Mr. Kung Lok Chiu, Chief Executive Officer and Director of the Company, commented, "Fiscal year 2025 was a year of growth and global expansion, as we strengthened our customer base and deepened our reach across international markets. We achieved $17.6 million in total revenue, representing a 19.5% increase year-over-year, driven by increased demand for our cable and wire harness and connector products. Gross profit grew 27.1% to $5.0 million, with gross margin improving to 28.3% from 26.6% in the prior year. Our performance was particularly strong in Europe, where revenue grew by 29.0%. To support our expanding operations across the region, we initiated plans in May 2024 to establish a new supply chain management center in Serbia, Central Europe. Once completed, the facility is expected to serve as the operational hub for our European supply chain and play a key role in driving long-term regional growth. Across other key markets, Asia also delivered a 10.2% revenue increase, supported by growth in the Association of Southeast Asian Nations, or ASEAN countries, and China." Mr. Chiu continued, "Looking ahead, we are excited about our next chapter. With sustained investments in research and development and the integration of advanced technologies, we are committed to developing solutions that are not only innovative and scalable but also aligned with the evolving needs of our global clients. We are also dedicating efforts to expanding our geographic reach, while striving to identify new customers, launch new products, and explore new business opportunities. Through these initiatives, we will endeavor to drive sustainable growth and deliver long-term value to our shareholders." Fiscal Year Ended March 31, 2025 Financial Highlights Revenue increased by 19.5% to $17.6 million for the fiscal year ended March 31, 2025, from $14.7 million for the fiscal year ended March 31, 2024. Gross profit increased by 27.1% to $5.0 million for the fiscal year ended March 31, 2025, from $3.9 million for the fiscal year ended March 31, 2024. Gross profit margin was 28.3% for the fiscal year ended March 31, 2025, increased from 26.6% for the fiscal year ended March 31, 2024. Net loss was $1.4 million for the fiscal year ended March 31, 2025, compared to $1.3 million for the fiscal year ended March 31, 2024. Basic and diluted loss per share was $0.12 for the fiscal year ended March 31, 2025, compared to $0.13 for the fiscal year ended March 31, 2024. Fiscal Year Ended March 31, 2025 Financial Results Revenue Total revenue was $17.6 million for the fiscal year ended March 31, 2025, which increased by 19.5% from $14.7 million for the fiscal year ended March 31, 2024. The following table sets forth revenue by interconnect products: Revenue generated from cables and wire harnesses increased by 20.2%, to $16.4 million for the fiscal year ended March 31, 2025, from $13.6 million for the fiscal year ended March 31, 2024. Revenue generated from connectors increased by 11.1%, to $1.2 million for the fiscal year ended March 31, 2025, from $1.1 million for the fiscal year ended March 31, 2024. The increase in revenue was primarily attributable to the increase in the total sales volume, which was partially offset by the decrease of the overall average selling prices of the Company's products for the fiscal year ended March 31, 2025. The following table sets forth the disaggregation of revenue by regions: Revenue generated from Europe increased by 29.0%, to $11.0 million for the fiscal year ended March 31, 2025, from $8.5 million for the fiscal year ended March 31, 2024. The increase was primarily attributable to an increase of sales in Denmark of $2.0 million, Bulgaria of $0.3 million, and Poland of $0.1 million. Revenue generated from Asia increased by 10.2%, to $5.3 million for the fiscal year ended March 31, 2025, from $4.8 million for the fiscal year ended March 31, 2024. This increase was primarily driven by a sales increase in the ASEAN countries of $0.5 million, a sales increase in China of $0.3 million, and partially offset by a sales decrease in Hong Kong, China of $0.2 million. Revenue generated from the Americas decreased by 5.7%, to $1.3 million for the fiscal year ended March 31, 2025, from $1.4 million for the fiscal year ended March 31, 2024. This decrease was primarily due to a sales decrease in North America of $0.1 million. Revenue from other regions was mainly derived from Australia. Cost of Revenue Cost of revenue increased by 16.8%, to $12.6 million for the fiscal year ended March 31, 2025, from $10.8 million for the fiscal year ended March 31, 2024, which was in line with the increase in total revenue. Inventory costs amounted to $8.6 million for the fiscal year ended March 31, 2025, compared to $7.3 million for the fiscal year ended March 31, 2024. The increase in inventory costs was primarily due to a 37.1% increase in the total sales volume and partially offset by a 14.7% decrease in inventory cost per unit. Labor costs amounted to $3.1 million for the fiscal year ended March 31, 2025, compared to $2.5 million for the fiscal year ended March 31, 2024. The increase in labor costs was mainly attributable to higher production volumes driven by increased sales. Gross Profit and Gross Margin Gross profit increased by 27.1%, to $5.0 million for the fiscal year ended March 31, 2025, from $3.9 million for the fiscal year ended March 31, 2024. Gross profit margin increased by 1.7%, to 28.3% for the fiscal year ended March 31, 2025, from 26.6% for the fiscal year ended March 31, 2024, primarily due to a reduction in fixed cost per unit. Operating Expenses Operating expenses increased by 20.5%, to $7.0 million for the fiscal year ended March 31, 2025, from $5.8 million for the fiscal year ended March 31, 2024. The expense increase was primarily due to the increase in selling expenses of $0.7 million, the increase in general and administrative expenses of $0.5 million, and the increase in research and development expenses of $59,518. Other Income Other income decreased by $0.2 million, to $0.3 million for the fiscal year ended March 31, 2025, from $0.5 million for the fiscal year ended March 31, 2024. The decrease was primarily attributable to (i) a decrease in foreign currency exchange gain of $0.4 million, and (ii) an increase of $0.2 million in government subsidy, mainly from a "Little Giant" award granted by the Dongguan Municipal Treasury. Net Loss Net loss increased by 8.9%, to $1.4 million for the fiscal year ended March 31, 2025, from $1.3 million for the fiscal year ended March 31, 2024. Basic and Diluted Loss per Share Basic and diluted loss per share was $0.12 for the fiscal year ended March 31, 2025, compared to $0.13 for the fiscal year ended March 31, 2024. Financial Condition As of March 31, 2025, the Company had cash of $3.7 million, compared to $5.5 million as of March 31, 2024. Net cash used in operating activities in the fiscal year ended March 31, 2025 was $1.0 million, compared to $2.5 million in the fiscal year ended March 31, 2024. Net cash used in investing activities in the fiscal year ended March 31, 2025 was $0.9 million, compared to $3.8 million in the fiscal year ended March 31, 2024. There were no cash outflows from financing activities in the fiscal year ended March 31, 2025. Net cash provided by financing activities was $4.6 million in the fiscal year ended March 31, 2024. About CCSC Technology International Holdings Limited CCSC Technology International Holdings Limited, is a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products. The Company specializes in customized interconnect products, including connectors, cables and wire harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The Company produces interconnect products under both OEM ("Original Equipment Manufacturer") and ODM ("Original Design Manufacturer") models for manufacturing companies that produce end products, as well as electronic manufacturing services companies that procure and assemble products on behalf of such manufacturing companies. The Company has a diversified global customer base located in more than 25 countries throughout Asia, Europe and the Americas. For more information, please visit the Company's website: http://ir.ccsc-interconnect.com. Forward-Looking Statements Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue," or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statements and other filings with the U.S. Securities and Exchange Commission. For more information, please contact: CCSC Technology International Holdings Limited Investor Relations Department Email: [email protected] Ascent Investor Relations LLC Tina Xiao Phone: +1-646-932-7242 Email: [email protected] View original content:https://www.prnewswire.com/news-releases/ccsc-technology-international-holdings-limited-reports-financial-results-for-fiscal-year-ended-march-31-2025-302507671.html SOURCE CCSC Technology International Holdings Limited