Property Management and Subleasing Business

For our new customers, we generally require orders placed to be backed by advances or deposits. For our long-term and established customers with good payment track records, we generally provide payment terms between 30 to 180 days following the delivery of finished goods.

For logistics services, we generally receive payments from the customers between 30 to 90 days following the date of the registration of our receipt of packages.

Property management and subleasing business

For property management and subleasing business, we generally collect rental and management fees of the following month each month in advance.

Summary of Critical Accounting Policies

(ii) determination of whether the promised goods and services are performance

obligations, including whether they are distinct in the context of the

(iii) measurement of the transaction price, including the constraint on variable

(iv) allocation of the transaction price to the performance obligations; and

(v) recognition of revenue when (or as) the Company satisfies each performance

For all reporting periods, the Company has not disclosed the value of unsatisfied performance obligations for all product and service revenue contracts with an original expected length of one year or less, which is an optional exemption that is permitted under the adopted rules.

Recently issued and adopted accounting pronouncements

The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company's consolidated financial statements.

Results of Operations for the years ended March 31, 2022 and 2021

increase of approximately $3 million was mainly due to the increase in sub-leasing rate of the property.

For property management and subleasing business, the cost of revenue was mainly the amortization of operating lease assets for the subleasing business.

Selling, General and administrative expenses

Total general and administrative expenses for the year ended March 31, 2022 decreased approximately 4.6% to approximately $1.9 million from approximately $2.0 million for the year ended March 31, 2021.

Yingxi Industrial Chain Group Co., Ltd was incorporated in the Republic of Seychelles and, under the current laws of the British Virgin Islands, is not subject to income taxes.

Net cash provided by (used in) operating activities $ 1,090,872 $ (4,223,008 ) Net cash used in investing activities

(563,052 ) Net cash used in (provided by) financing activities $ (1,372,803 ) $ 6,099,656

Financial Condition, Liquidity and Capital Resources

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