Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 205

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 205
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                                2,349,374                3,102,393  

Accounts receivable- related
parties, net, consists of the following:

                                             As of                            
                                             March 31,                        
                                             2024                       2025  
 ──────────────────────────────────────────────────────────────────────────────
                                             USD                        USD   
  Accounts receivable – related parties                     33,924            
  Less: allowance for credit loss                           —                 
  Accounts receivable, net                                  33,924            

The movements in the allowance
for credit loss for the years ended March 31, 2024 and 2025 were as follows:

                                        For the year ended                                     
                                        March 31,                                              
                                        2024                                 2025              
 ───────────────────────────────────────────────────────────────────────────────────────────────
                                        USD                                  USD               
  Balance at beginning of the year                               36,187                22,794  
  Current provision (recoveries)                                ( 8,782                —       
  Written off                                                   ( 4,611                —       
  Balance at end of the year                                     22,794                22,794  

F-22

J-LONG GROUP LIMITED

5. INVENTORIES

Inventories consisted of
the following:

                        As of                                              
                        March 31,                                          
                        2024                          2025                 
 ───────────────────────────────────────────────────────────────────────────
                        USD                           USD                  
  Raw materials                        —                          228,919  
  Finished goods                       4,449,132                2,837,357  
  Inventories, net                     4,449,132                3,066,276  

Impairment expenses were USD Nil, USD116,115and USD186,823which
is included in general and administrative expenses - Inventory impairment provision recognized for the year ended March 31 2023, 2024
and 2025, respectively. Inventories recognized
in cost of goods sold were USD28,112,321, USD21,311,442and USD 27,617,837 for the year ended March 31, 2023, 2024 and 2025, respectively.

6. PREPAID EXPENSES AND OTHER CURRENT AND
NON-CURRENT ASSETS, NET

Prepaid expenses and other
current assets consists of the following

                              As of                                            
                              March 31,                                        
                              2024                        2025