Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 111

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 5
Chunk 111
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 income (loss) attributable to non-controlling interest                                                              -                   (80,908  
  Net income attributable to J-LONG GROUP LIMITED                                                                   783,660                 2,593,248  
  Other comprehensive income/(loss)                                                                                                                    
  Unrealized gain (losses) on investment in marketable debt securities, net of tax                                      414                         -  
  Foreign currency translation adjustments                                                                                -                   (27,334  
  Total other comprehensive income                                                                                      414                   (27,334  
  Comprehensive income attributable to ordinary shareholders                                                        784,074                 2,485,006  
  Comprehensive income attributable to non-controlling interests                                                          -                   (84,878  
  Total comprehensive income attributable to J-LONG GROUP LIMITED                                                   784,074                 2,569,884  

Fiscal year ended March 31, 2025 compared
to fiscal year ended March 31, 2024

Revenue

Our revenues increased by 38% to $39,075,090 for the fiscal year ended
March 31, 2025 compared to $28,378,669 for the fiscal year ended March 31, 2024. Heat transfer products are our major offering and contributed
73% and 71% of our revenues for the fiscal years ended March 31, 2025 and 2024 followed by fabric products, which contributed 8% and 12%,
respectively. For the fiscal year ended March 31, 2025, we experienced an increase in overall sales mainly driven by a rise in orders
from key customers, who had previously cleared excess inventory from the prior year. Sales during the fiscal year ended March 31, 2025
from Hong Kong, China and non-Asian countries all increased compared to the fiscal year ended March 31, 2024, resulting in a $10,696,421
increase in revenue for the fiscal year ended March 31, 2025 as compared to the fiscal year ended March 31, 2024.

Cost of Sales

Our cost of products sold
is primarily comprised of finished goods and direct materials. Cost of products sold also includes the cost for products inspection, labor
cost, depreciation expenses of machinery and equipment and leasehold improvement, lease expense for warehouse, packing and design cost
and sub-contractor fee. Cost of sales increased by 29% to $27,817,851 for the fiscal year ended March 31, 2025 from $21,581,