Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 110

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 5
Chunk 110
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and subject to the restrictions contained in any future financing instruments.

If
we determine to pay dividends on any of our Ordinary Shares in the future, as a holding company, we will be dependent on receipt of funds
from our subsidiaries by way of dividend payments. JL is permitted under the laws of Cayman Islands and its memorandum and articles of
association (as amended from time to time) to provide funding to its subsidiaries through loans or capital contributions. JLHK and Sun
Choice are permitted under the laws of Hong Kong to provide funding to the Company through dividend distributions subject to certain
statutory requirements of having sufficient profits.

RESULTS
OF OPERATIONS

The
following table sets forth a summary of the consolidated results of operations of the Company for the years indicated, both in absolute
amount and as a percentage of its total revenues. For further information regarding the results of our operations, see our consolidated
financial statements appearing elsewhere in this Annual Report.

                                                                                        For the years ended                                            
                                                                                        March 31,                                                      
                                                                                        2024                                     2025                  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                        USD                                      USD                   
  Revenues                                                                                                       28,378,669                39,075,090  
  Cost of sales                                                                                                  21,581,411                27,817,851  
  Gross profit                                                                                                    6,797,258                11,257,239  
  Operating expenses:                                                                                                                                  
  Selling and marketing expenses                                                                                  2,068,502                 3,318,418  
  General and administrative expenses                                                                             4,348,458                 5,540,564  
  Total operating expenses                                                                                        6,416,960                 8,858,982  
  Income from operations                                                                                            380,298                 2,398,257  
  Other income (expenses):                                                                                                                             
  Other income (expenses)                                                                                           173,053                   751,794  
  Foreign currency exchange gain                                                                                    503,101                   146,051  
  Interest expenses                                                                                                (145,951                  (126,196  
  Total other income (expense)                                                                                      530,203                   771,649  
  Income before tax expense                                                                                         910,501                 3,169,906  
  Income tax expense                                                                                                126,841                   657,566  
  Net income attributable to ordinary shareholders                                                                  783,660                 2,512,340  
  Net