Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 183

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 183
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ITEM
18. FINANCIAL STATEMENTS

The
following Financial Statements are filed as part of this Annual Report:

J-LONG
GROUP LIMITED

INDEX
TO CONSOLIDATED FINANCIAL STATEMENTS

                                                                                                                        Page  
  Report of Independent Registered Public Accounting Firm (PCAOB ID: 6413)                                              F-2   
  Consolidated Balance Sheets as of March 31, 2025 and 2024                                                             F-3   
  Consolidated Statements of Operations and Comprehensive Income for the years ended March 31, 2025, 2024 and 2023      F-4   
  Consolidated Statements of Change in Shareholders’ Equity for the years ended March 31, 2025, 2024 and 2023           F-5   
  Consolidated Statements of Cash Flows for the years ended March 31, 2025, 2024 and 2023                               F-6   
  Notes to Consolidated Financial Statements for the years ended March 31, 2025, 2024 and 2023                          F-7   

F-1

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Directors of

J-Long Group Limited

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated
balance sheets of J-Long Group Limited and its subsidiaries (the Company) as of March 31, 2025 and 2024, and the related
consolidated statements of operations and comprehensive income, stockholders’ equity, and cash flows for each of the
three years in the period ended March 31, 2025, and the related notes (collectively referred to as the consolidated financial statements).
In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company
as of March 31, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended March
31, 2025, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These consolidated financial statements are the
responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial
statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect
to the Company in accordance with the U. S. federal securities