CCSC Technology Files 2024 Annual Report

TL;DR

CCSC Tech dropped its 2024 20-F, check financials for the year ending March 31.

AI Summary

CCSC Technology International Holdings Ltd filed its annual report on Form 20-F for the fiscal year ended March 31, 2024. The company, incorporated in E9 and headquartered in Hong Kong, operates in the electric lighting & wiring equipment sector. This filing serves as an annual report, not a registration statement or transition report.

Why It Matters

This filing provides investors with a comprehensive overview of CCSC Technology's financial performance and business operations for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual report filing, indicating routine business operations rather than an immediate, specific risk event.

Key Numbers

• 20240331 — Fiscal Year End (Indicates the period covered by the annual report.)
• 20240722 — Filing Date (The date the annual report was submitted to the SEC.)

Key Players & Entities

• CCSC Technology International Holdings Ltd (company) — Filer of the 20-F
• 0001013762-24-000458 (dollar_amount) — Accession Number for the filing
• 20240722 (dollar_amount) — Filing date
• March 31, 2024 (dollar_amount) — Fiscal year end date
• 001-41919 (dollar_amount) — SEC file number

FAQ

Key Financial Figures

• $0.0005 — f 11,581,250 ordinary shares, par value $0.0005 per share, were outstanding as of March
• $ — Republic of Serbia; "U.S. dollars," "$," and "US
  quot; are to the legal currency o

Filing Documents

• ea0209328-20f_ccsctechno.htm (20-F) — 1802KB
• ea020932801ex2-2_ccsctechno.htm (EX-2.2) — 78KB
• ea020932801ex11-2_ccsctechno.htm (EX-11.2) — 169KB
• ea020932801ex12-1_ccsctechno.htm (EX-12.1) — 10KB
• ea020932801ex12-2_ccsctechno.htm (EX-12.2) — 10KB
• ea020932801ex13-1_ccsctechno.htm (EX-13.1) — 4KB
• ea020932801ex13-2_ccsctechno.htm (EX-13.2) — 4KB
• ea020932801ex97-1_ccsctechno.htm (EX-97.1) — 36KB
• image_001.jpg (GRAPHIC) — 16KB
• image_002.jpg (GRAPHIC) — 13KB
• image_003.jpg (GRAPHIC) — 10KB
• image_004.jpg (GRAPHIC) — 9KB
• image_005.jpg (GRAPHIC) — 7KB
• image_006.jpg (GRAPHIC) — 21KB
• image_007.jpg (GRAPHIC) — 15KB
• image_008.jpg (GRAPHIC) — 9KB
• image_009.jpg (GRAPHIC) — 15KB
• image_010.jpg (GRAPHIC) — 27KB
• fin_001.jpg (GRAPHIC) — 3KB
• fin_002.jpg (GRAPHIC) — 5KB
• 0001013762-24-000458.txt ( ) — 8317KB
• cctg-20240331.xsd (EX-101.SCH) — 72KB
• cctg-20240331_cal.xml (EX-101.CAL) — 64KB
• cctg-20240331_def.xml (EX-101.DEF) — 312KB
• cctg-20240331_lab.xml (EX-101.LAB) — 595KB
• cctg-20240331_pre.xml (EX-101.PRE) — 328KB
• ea0209328-20f_ccsctechno_htm.xml (XML) — 838KB

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 90 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 91 PART II ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 92 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 92 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 92 ITEM 16. RESERVED 93 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 93 ITEM 16B. CODE OF ETHICS 93 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 93 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 94 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 94 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 94 ITEM 16G. CORPORATE GOVERNANCE 94 ITEM 16H. MINE SAFETY DISCLOSURE 94 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 94 ITEM 16J. INSIDER TRADING POLICIES 94 ITEM 16K. CYBERSECURITY 95 PART III ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 96 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 96 ITEM 19. EXHIBITS 96 i INTRODUCTION In this annual report on Form 20-F, unless the context otherwise requires, references to: "BVI" are to the "British Virgin Islands"; "CCSC Group" are to our direct wholly-owned subsidiary, CCSC Group Limited, an exempted company with limited liability incorporated under the laws of the BVI; "CCSC Interconnect DG" are to CCSC Technology Group's wholly-owned subsidiary, Dongguan CCSC Interconnect Electronic Technology Limited, a company organized under the laws of the PRC; "CCSC Interconnect HK" are to CCSC Technology Group's wholly-owned subsidiary, CCSC Interconnect Technology Limited, a limited liability company incorporated under the laws of Hong Kong; "CCSC Interconnect NL" are to CCSC Technology Group's wholly-owned subsidiary, CCSC Interconnect Technology Europe B.V., a private limited liability company organized under the laws of the Netherlands; "CCSC Technology Group" are to CCSC Group's direct wholly-owned subsidiary, CCSC Technology Group Limited, a limited liability company incorporated under the laws of Hong Kong; "CCSC Technology Serbia" are to CCSC Group's direct wholly-owned subsidiary, CCSC Technology Doo Beograd, a limited liability company incorporated under the laws of Serbia; "China" or the "PRC" are to the People's Republic of China, including the special administrative regions of Hong Kong and Macau for the purposes of this annual report; "HK" are to Hong Kong, which is a special administrative region of the PRC authorized to exercise a high degree of autonomy and enjoy executive, legislative and independent judicial power, under the principle of "one country, two systems"; "HK

forward-looking statements by the words "may," "might," "will," "could,"

forward-looking statements by the words "may," "might," "will," "could," "would," "should," "expect," "is/are likely to," "intend," "plan," "objective," "anticipate," "believe," "estimate," "predict," "potential," "target," "continue" and "ongoing," or the negative of these terms or other comparable terminology intended to identify statements about the future. The forward-looking an exhaustive inquiry into, or review of, all potentially available relevant information. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward looking statements. The forward-looking statements included in this report relate to, among other things: our goals and strategies; our business and operating strategies and plans for the development of existing and new businesses, ability to implement such strategies and plans and expected time; our future business development, financial condition and results of operations; expected changes in our revenues, costs or expenditures; our dividend policy; our expectations regarding demand for and market acceptance of our products and services; our expectations regarding our relationships with our clients, business partners and third-parties; the trends in, expected growth in and market size of the interconnect product industry in China and globally; our ability to maintain and enhance our market position; our ability to continue to develop new technologies and/or upgrade our existing technologies; developments in, or changes to, laws, regulations, governmental policies

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT

Item 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not Applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

Item 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not Applicable.

KEY INFORMATION

Item 3. KEY INFORMATION A. [Reserved] B. Capitalization and Indebtedness Not applicable. C. Reasons for the Offer and Use of Proceeds Not applicable. D. Risk Factors Risks Relating to Doing Business in China Changes in China's economic, political, or social conditions or government policies could have a material adverse effect on our business and operations. A substantial amount of our assets is located in China and we conduct the manufacturing of interconnect products through our PRC subsidiary, CCSC Interconnect DG. Accordingly, our business, financial condition, results of operations, and prospects may be influenced to a significant degree by political, economic, and social conditions in China generally. The Chinese economy differs from the economies of most developed countries in many respects, including the level of government involvement, level of development, growth rate, control of foreign exchange, and allocation of resources. Although the Chinese government has implemented measures emphasizing the utilization of market forces for economic reform, including the reduction of state ownership of productive assets and the establishment of improved corporate governance in business enterprises, a substantial portion of productive assets in China is still owned by the government. In addition, the Chinese government continues to play a significant role in regulating industry development by imposing industrial policies. The Chinese government also exercises significant control over China's economy growth by allocating resources, controlling regulating payment of foreign currency-denominated obligations, setting monetary policy, and providing preferential treatment to particular industries or companies. While the Chinese economy has experienced significant growth over the past decades, growth has been uneven, both geographically and among various sectors of the economy. Any adverse changes in economic conditions in China, in the policies of the Chines

View Full Filing

View this 20-F filing on SEC EDGAR