Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 113

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 5
Chunk 113
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 2025 was mainly comprised
of interest income of $320,180, sundry income of $153,028, commission income of $153,695, rental income of $121,026 and foreign exchange
gain of $146,051. Other income and exchange gain for the year ended March 31, 2024 was mainly comprised of exchange gain of $501,101 and
rental income of $110,128.

Interest Expense

Our interest expense decreased
by 14% to $126,196 for the fiscal year ended March 31, 2025, from $145,951 for the fiscal year ended March 31, 2024. The decrease was
primarily due to the decrease in bank loan.

Income Tax Expense

Our
income tax expense increased to $657,566 for the fiscal year ended March 31, 2025 from $126,841 for the fiscal year ended March 31, 2024.
The increase was due to our increase in profit before income tax. Our effective tax rate was 13.9% for the year ended March 31, 2024
and 20.7% for the year ended March 31, 2025, respectively. For information on taxes imposed by the Cayman Islands, Hong Kong and Vietnam,
please see Item 10. “ Additional Information - Material Income Tax Considerations.”

Net Income

As a result of the foregoing,
our net profit increased to $2,512,340 for the fiscal year ended March 31, 2025 from $783,660 for the fiscal year ended March 31, 2024.
Our net profit margin for the fiscal year ended March 31, 2025 rise to 6.4% from 2.8% for the fiscal year ended March 31, 2024 as
a result of our increased gross profit margin during our 2025 fiscal year.

Fiscal year ended March 31, 2024 compared
to fiscal year ended March 31, 2023

Revenue

Our revenues decreased by
26% to $28,378,669 for the fiscal year ended March 31, 2024 compared to $38,292,397 for the fiscal year ended March 31, 2023. Heat
transfer products are our major offering and contributed 71% and 69% of our revenues for the fiscal years ended March 31, 2024 and
2023 followed by fabric products, which contributed 12