Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 197

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 197
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 the Company in relation to defective products, nor any material product returns from the Company’s customers. As such, the Company does not record a specific warranty reserve or consider activities related to such warranty, if any, to be a separate performance obligation. The Company typically incurs incremental costs to acquire customer contracts related to the Company’s sales in the form of sales commissions; however, because the expected benefit from these contracts is less than one year,the Company follows the ASC Topic 606 practical expedient and expenses these amounts as incurred. Disaggregation of revenue The Company disaggregates its revenue by sales term, product categories, and geographic areas which the Company believes best depicts how the nature, amount, timing, and uncertainty of the revenue and cash flows are affected by economic factors. The Company’s disaggregation of revenue for the years ended March 31, 2024, 2023 and 2022 is as following: F - 16 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(cont.)

Revenues by sales term

|                |     | For the year ended 
 March 31,          |       2022 |     |     |       2023 |     |     |       2024 |
|:---------------|:----|:-------------------|-----------:|:----|:----|-----------:|:----|:----|-----------:|
|                |     | USD                |            |     | USD |            |     | USD |            |
| CIF            |     |                    |     86,453 |     |     |    154,702 |     |     |    141,728 |
| CNF/CFR        |     |                    |  1,189,002 |     |     |  3,373,730 |     |     |    751,136 |
| EX WORK        |     |                    | 31,196,398 |     |     | 31,912,608 |     |     | 22,159,531 |
| DAP            |     |                    |  2,752,862 |     |     |    865,744 |     |     |  2,382,159 |
| FOB            |     |                    |  3,067,697 |