J-Long Group Limited
Description
J-Long Group Limited distributes reflective and non-reflective garment trims in Asia, Hong Kong, the People's Republic of China, and internationally. The company offers heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers, and drawcords. J-Long Group Limited also sells through online. The company was incorporated in 1985 and is based in Tsuen Wan, Hong Kong.
About
CEO
Mr. Yin Wong Chun
Employees
62
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Apparel Manufacturing
MIC code
XNMS
Address
Houston Industrial Building, Tsuen Wan, , Hong Kong
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Summary
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Moving Averages
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Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Current year
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 |
| Total reported revenue | 28.38M | 38.29M | 38.29M |
| Cost of revenue | 21.58M | 28.25M | 29.44M |
| Gross profit | 6.80M | 10.04M | 8.86M |
| Operating expense | |||
| Research & development | — | — | — |
| Selling general and admin | 6.05M | 3.48M | 2.83M |
| Other operating expenses | — | — | — |
| Operating income | 608,689 | 6.37M | 5.79M |
| Non operating interest income | |||
| Income | — | — | — |
| Expense | 145,951 | 135,616 | 75,919 |
| Other income expense | 517,748 | 1.60M | -285,082 |
| Pretax income | 910,501 | 7.75M | 5.36M |
| Tax provision | 126,841 | 1.10M | 876,396 |
| Net income | 783,660 | 6.66M | 4.48M |
| Basic EPS | — | 0.21 | 0.14 |
| Diluted EPS | — | 0.21 | 0.14 |
| Basic average shares | — | 31.40M | 31.40M |
| Diluted average shares | — | 31.40M | 31.40M |
| EBITDA | 859,524 | 7.68M | 5.99M |
| Net income from continuing op. | 783,660 | 6.66M | 4.48M |
| Minority interests | — | — | — |
| Preferred stock dividends | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Total assets | 16.89M | 20.61M | 19.29M | 15.62M |
| Current assets | ||||
| Cash | — | — | — | — |
| Cash equivalents | — | — | — | — |
| Cash and cash equivalents | 4.16M | 5.96M | 7.36M | 3.96M |
| Other short term investments | 2,275 | 243,284 | 441,440 | 464,793 |
| Accounts receivable | 2.38M | 2.10M | 3.05M | 2.95M |
| Other receivables | 23,374 | 23,450 | 23,874 | 23,515 |
| Inventory | 4.45M | 5.79M | 2.51M | 2.10M |
| Prepaid assets | 603,716 | 102,758 | 265,794 | 291,961 |
| Restricted cash | 1.00M | — | — | — |
| Assets held for sale | — | — | — | — |
| Hedging assets | — | — | — | — |
| Other current assets | — | — | — | — |
| Non current assets | ||||
| Properties | 85,221 | 447,475 | 28,139 | 7,286 |
| Land and improvements | — | — | — | — |
| Machinery furniture equipment | 1.52M | 1.31M | 1.27M | 1.19M |
| Construction in progress | — | — | — | — |
| Leases | — | — | — | — |
| Accumulated depreciation | -2.68M | -2.53M | -2.97M | -2.77M |
| Goodwill | — | — | — | — |
| Investment properties | — | — | — | — |
| Financial assets | — | — | — | — |
| Intangible assets | — | — | — | — |
| Investments and advances | — | — | — | — |
| Other non current assets | 91,971 | 1.07M | 75,723 | 39,951 |
| Total liabilities | 6.72M | 9.26M | 12.23M | 10.07M |
| Current liabilities | ||||
| Accounts payable | 1.36M | 2.86M | 3.49M | 3.10M |
| Accrued expenses | 451,534 | 197,444 | 231,566 | 59,129 |
| Short term debt | 743,631 | 993,466 | 1.37M | 1.16M |
| Deferred revenue | 369,962 | 260,132 | 269,263 | 449,772 |
| Tax payable | — | 140,236 | 356,257 | 661,922 |
| Pensions | — | — | — | — |
| Other current liabilities | — | — | — | — |
| Non current liabilities | ||||
| Long term debt | 1.38M | 2.10M | 2.96M | 2.61M |
| Provision for risks and charges | — | — | — | — |
| Deferred liabilities | — | — | — | — |
| Derivative product liabilities | — | — | — | — |
| Other non current liabilities | — | — | — | — |
| Shareholders equity | ||||
| Common stock | 1,178 | 1,125 | 1,125 | 1,125 |
| Retained earnings | 5.87M | 11.09M | 6.86M | 5.32M |
| Other shareholders equity | — | -414 | -51,945 | -32,445 |
| Total shareholders equity | 10.17M | 11.35M | 7.06M | 5.55M |
| Additional paid in capital | 4.30M | 256,410 | 256,410 | 256,410 |
| Treasury stock | — | — | — | — |
| Minority interest | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 783,660 | 6.66M | 4.48M |
| Depreciation | 147,767 | 169,283 | 202,823 |
| Deferred Taxes | -12,428 | -14,087 | -31,919 |
| Stock-Based Compensation | — | — | — |
| Other Non-Cash Items | 362,255 | 291,102 | 21,356 |
| Accounts Receivable | -107,930 | 881,278 | -13,133 |
| Accounts Payable | -2.73M | -1.55M | 1.89M |
| Other Assets & Liabilities | 953,903 | -3.54M | -778,601 |
| Operating Cash Flow | -602,974 | 2.90M | 5.77M |
| Investing Activities | |||
| Capital Expenditures | -198,701 | 1.87M | -83,454 |
| Net Intangibles | — | — | — |
| Net Acquisitions | — | — | — |
| Purchase of Investments | — | — | — |
| Sale of Investments | 198,718 | 188,490 | — |
| Investing Cash Flow | 17 | 2.06M | -83,454 |
| Financing Activities | |||
| Long-Term Debt Issuance | — | — | 1.50M |
| Long-Term Debt Payments | -603,790 | -1.66M | -961,915 |
| Other Financing Charges | -3.36M | -3.76M | -2.72M |
| Financing Cash Flow | 701,972 | -5.42M | -2.18M |
| Other Cash Details | |||
| End Cash Position | 5.16M | 5.96M | 7.36M |
| Income Tax Paid | 1.22M | 1.33M | 1.21M |
| Interest Paid | 145,951 | 115,010 | 75,416 |
| Free Cash Flow | -1.70M | 1.91M | 5.58M |
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Article
J-Long Group Limited Announces Share Consolidation/Reverse Stock Split to Regain NASDAQ Compliance
Hong Kong, Nov. 22, 2024 (GLOBE NEWSWIRE) -- J-Long Group Limited (Nasdaq: JL), a Hong Kong based and established distributor of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pulls and drawcords, today announced today that it will effect a share consolidation (“Reverse Stock Split”) of its Ordinary Shares at a ratio of 1-for-10, effective as of 11:59 pm on December 3, 2024 (the “Effective Time”), in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq's Marketplace Rules 5550(a)(2) and Rule 5450(a)(1). The Company's Ordinary Shares are expected to begin trading on a Reverse Stock Split adjusted basis on Nasdaq as of the open of trading on December 4, 2024, under the existing ticker symbol “JL.”
Nov 22, 2024
Article
J-Long Group Limited Announces Receipt of NASDAQ Determination Letter
Hong Kong, Nov. 19, 2024 (GLOBE NEWSWIRE) -- J-Long Group Limited (Nasdaq: JL), a Hong Kong based and established distributor of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pulls and drawcords, today announced receipt of a letter (the “Determination Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). The Determination Letter indicated that, as previously notified by Nasdaq on May 13, 2024, the bid price of the Company's listed security had closed at less than $1 per share over the previous 30 consecutive business days and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Rule”). In accordance with the Rule, the Company was provided 180 calendar days, or until November 11, 2024, to regain compliance with the Rule
Nov 19, 2024
Article
J-Long Group Limited Receives Nasdaq Deficiency Notice Regarding Minimum Bid Price Requirement
Ordinary shares will continue to trade on the Nasdaq Global Market, and the Company's listing on such exchange is not affected by the receipt of the Notice
May 16, 2024
