Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 120

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 120
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 Net income of $6,656,151 in the year ended March 31, 2023 compared to net income of $4,483,642 for the same period of 2022, which led to an approximately $2,173,000 increase in net cash inflow from operating activities.                                                                                       |

Investing Activities For the year ended March 31, 2024, net cash provided by investing activities was $17, which was the result of the net off of payment of acquiring property, plant and equipment and net proceeds from redemption of marketable debt securities. For the year ended March 31, 2023, net cash provided by investing activities was $2,061,606, which was the result of the net proceeds from the acquisition and sale of property, plant and equipment and marketable debt securities. For the year ended March 31, 2022, net cash used in investing activities was $83,454, which was due to additions in furniture and fixtures. Financing Activities For the year ended March 31, 2024, net cash provided by financing activities was $701,902 which was due tothe repayment of bank loans of $603,790, payment of offering costs of $1,055,100, payment of dividend of $1,676,750, net repayment to related parties of $2,302,925 and net off with the result of the proceeds from the issuance of Ordinary Shares net of issuance cost of $6,340,537. 75 For the year ended March 31, 2023, net cash used in financing activities was $5,422,750, which was due to the repayment of bank loans of $1,661,125, payment of offering costs for legal and professional parties engaged for the preparation of the listing of the Company’s Ordinary Shares and the net repayment to related parties of $2,771,832. For the year ended March 31, 2022, net cash used in financing activities was $2,177,561. Financing cash inflow includes effects of proceeds from new bank loans of $1,500,000, which were offset by (i) net payment to related parties of $2,715,646; and (ii) repayment of bank loans of $961,915. Capital Expenditures We had capital expenditures of $198,701, $49,960 and $83,454 for the fiscal years ended March 31, 2024 , 2023 and 2022, respectively.