J-Long Group Ltd 6-K, filed Feb 21, 2025

J-Long Group Ltd (JL)

6-K 2025-02-21 For: 2025-02-21

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Added on April 11, 2026

About this 6-K

J-Long Group Ltd filed this 6-K on February 21, 2025.

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	As of
	March 31,		September 30,
	2024		2024
	USD		USD
	(Audited)		(Unaudited)
Assets
Current assets:
Cash and cash equivalents		4,161,818		6,706,894
Restricted cash		1,000,000		1,000,000
Accounts receivable, net		2,349,374		2,182,222
Accounts receivable, net – related parties		33,924		-
Investment in marketable debt securities		2,275		1,853
Inventories		4,449,132		4,034,612
Notes receivable		143,112		917
Prepaid expenses and other current assets, net		627,090		1,733,208
Tax recoverable		938,979		768,949
Due from related parties		575,341		459,017
Total current assets		14,281,045		16,887,672
Property, plant and equipment, net		2,424,572		2,514,681
Right-of-use assets – Operating lease		85,221		11,151
Other non-current assets		11,252		518,003
Deferred tax assets		91,971		93,289
Total non-current assets		2,613,016		3,137,124
TOTAL ASSETS		16,894,061		20,024,796

Liabilities
Current liabilities:
Bank loans – current		655,492		667,511
Operating lease liabilities – current – related parties		88,139		11,646
Accounts payable, accruals and other current liabilities		1,359,470		1,805,032
Accounts payable – related parties		1,149,429		2,270,622
Accruals and other current liabilities		760,992		909,311
Dividend payables		400,455		27,713
Contract liabilities		360,475		320,941
Due to related parties		564,711		477,833
Total current liabilities		5,339,163		6,490,609

Non-current liabilities
Bank loans – non-current		1,381,750		1,052,662
Operating lease liabilities – non-current – related parties		-		-
Total non-current liabilities		1,381,750		1,052,662
TOTAL LIABILITIES		6,720,913		7,543,271

Shareholders’ equity
Ordinary shares US$0.000375 par value each; 136,000,000 shares authorized; 3,140,000 shares issued and outstanding respectively ⁽¹⁾		1,178		1,178
Additional Paid-in Capital		4,297,632		4,297,632
Retained earnings		5,874,338		8,182,715
Total shareholders’ equity		10,173,148		12,481,525
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		16,894,061		20,024,796

	For the six months ended September 30,
	2023			2024
	USD			USD
	(Unaudited)			(Unaudited)
Revenues		14,571,703			19,024,229
Cost of sales		10,589,566			13,735,774
Gross profit		3,983,137			5,288,455

Operating expenses:
Selling and marketing expenses		1,037,531			916,174
General and administrative expenses		1,411,237			1,981,326
Total operating expenses		2,448,768			2,897,500

Income from operations		1,533,369			2,390,955

Other income, net:
Other income		25,816			172,783
Currency exchange gain		222,203			273,999
Interest expenses, net		(81,420	)		(57,540	)
Total other income, net		166,599			389,242

Income before tax expense		1,699,968			2,780,197
Income tax expense		280,495			471,820
Net income		1,419,473			2,308,377

Other comprehensive income
Unrealized gain/losses on investment in marketable debt securities, net of tax		-			-
Total comprehensive income		1,419,473			2,308,377

Net income per share attributable to ordinary shareholders
Basic and diluted		0.47			0.74
Weighted average number of ordinary shares used in computing net income per share
Basic and diluted		3,000,000			3,140,000

Exhibit No.		Description
99.1		Press Release, dated February 21, 2025

	J-Long Group Limited

	By:	/s/ Edwin Wong
	Name:	Edwin Wong
	Title:	Chief Executive Officer and Director

	As of
	March 31,		September 30,
	2024		2024
	USD		USD
	(Audited)		(Unaudited)
Assets
Current assets:
Cash and cash equivalents		4,161,818		6,706,894
Restricted cash		1,000,000		1,000,000
Accounts receivable, net		2,349,374		2,182,222
Accounts receivable, net – related parties		33,924		-
Investment in marketable debt securities		2,275		1,853
Inventories		4,449,132		4,034,612
Notes receivable		143,112		917
Prepaid expenses and other current assets, net		627,090		1,733,208
Tax recoverable		938,979		768,949
Due from related parties		575,341		459,017
Total current assets		14,281,045		16,887,672
Property, plant and equipment, net		2,424,572		2,514,681
Right-of-use assets – Operating lease		85,221		11,151
Other non-current assets		11,252		518,003
Deferred tax assets		91,971		93,289
Total non-current assets		2,613,016		3,137,124
TOTAL ASSETS		16,894,061		20,024,796

Liabilities
Current liabilities:
Bank loans – current		655,492		667,511
Operating lease liabilities – current – related parties		88,139		11,646
Accounts payable, accruals and other current liabilities		1,359,470		1,805,032
Accounts payable – related parties		1,149,429		2,270,622
Accruals and other current liabilities		760,992		909,311
Dividend payables		400,455		27,713
Contract liabilities		360,475		320,941
Due to related parties		564,711		477,833
Total current liabilities		5,339,163		6,490,609

Non-current liabilities
Bank loans – non-current		1,381,750		1,052,662
Operating lease liabilities – non-current – related parties		-		-
Total non-current liabilities		1,381,750		1,052,662
TOTAL LIABILITIES		6,720,913		7,543,271

Shareholders’ equity
Ordinary shares US$0.000375 par value each; 136,000,000 shares authorized; 3,140,000 shares issued and outstanding respectively ⁽¹⁾		1,178		1,178
Additional Paid-in Capital		4,297,632		4,297,632
Retained earnings		5,874,338		8,182,715
Total shareholders’ equity		10,173,148		12,481,525
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		16,894,061		20,024,796

		Page
Unaudited Consolidated Balance Sheet as of September 30, 2024 and Audited Consolidated Balance Sheet as of March 31, 2024		2
Unaudited Consolidated Statements of Income and Comprehensive Income for the Six-Month Periods Ended September 30, 2024 and 2023		3