QQ2 2023 (period ended 2023-09-30) delivered a sharp QoQ revenue decline for CCSC Technology International Holdings Limited (CCTG), with revenue falling to $0.958 million from $3.752 million in Q1 2023. Despite a negative operating margin of -3.79% in QQ2, the company posted a positive net income of $52.8 thousand driven by a substantial contribution from total other income (-$80.1 thousand negating the tax benefit) and a favorable pre-tax result. EBITDA stood at $90.5 thousand, yielding an EBITDA margin of about 9.45%. The strong liquidity metrics (current ratio 2.90, quick ratio 2.45, cash ratio 1.65) underpin balance sheet resilience even as operating profitability remains modest. The disconnect between operating performance and net income is primarily due to non-operating items which significantly influenced the bottom line. Management commentary from the QQ2 earnings call is not available in the provided transcript data, limiting direct insight into forward-looking guidance. From a valuation perspective, the stock exhibits ultra-high price multiples (P/E ~414.6x, P/S ~91.4x) despite a small-scale, volatile quarterly revenue base, underscoring the importance of close attention to order visibility, program wins, and cost control going forward.