UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2025
Commission File Number 001-41901
J-Long Group Limited
(Registrant’s Name)
3A, Hong Kong Spinners Industrial Building (Phase 1&2)
No. 800, Cheung Sha Wan Road
Kowloon, Hong Kong
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K
Press Release
On December 23, 2025, J-Long Group Limited (the “Company”) announced its interim financial results as of and for the six-month period ended September 30, 2025 (“Interim Results”).
The information disclosed under on this Form 6-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as expressly set forth in such filing.
A copy of the press release announcing the Interim Results is included as Exhibit 99.1 to this Form 6-K.
Interim Financial Report
REPORT ON FORM 6-K FOR THE SIX-MONTH PERIOD ENDED SEPTEMBER 30, 2025
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J-LONG GROUP
LIMITED
UNAUDITED CONSOLIDATED BALANCE SHEETS
| As of | ||||||||
| March 31, | September 30, | |||||||
| 2025 | 2025 | |||||||
| USD | USD | |||||||
| (Audited) | (Unaudited) | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | 10,669,134 | 11,358,839 | ||||||
| Accounts receivable, net | 3,102,393 | 4,231,847 | ||||||
| Investment in marketable debt securities | 2,220 | 2,220 | ||||||
| Inventories | 3,066,276 | 3,163,816 | ||||||
| Notes receivable | 103,522 | - | ||||||
| Prepaid expenses and other current assets, net | 2,027,376 | 1,615,100 | ||||||
| Due from related parties | 4,634 | - | ||||||
| Total current assets | 18,975,555 | 20,371,822 | ||||||
| Property, plant and equipment, net | 3,224,673 | 3,493,481 | ||||||
| Right-of-use assets – Operating lease | 983,097 | 1,531,941 | ||||||
| Other non-current assets | 178,786 | 174,713 | ||||||
| Deferred tax assets | 92,026 | 92,026 | ||||||
| Total non-current assets | 4,478,582 | 5,292,161 | ||||||
| TOTAL ASSETS | 23,454,137 | 25,663,983 | ||||||
| Liabilities | ||||||||
| Current liabilities: | ||||||||
| Bank loans – current | 685,016 | 702,949 | ||||||
| Operating lease liabilities – current | 153,579 | 435,701 | ||||||
| Operating lease liabilities – current – related parties | 251,567 | 149,188 | ||||||
| Accounts payable | 1,964,406 | 1,716,120 | ||||||
| Accounts payable – related parties | 2,302,962 | 1,779,196 | ||||||
| Accruals and other current liabilities | 679,227 | 787,799 | ||||||
| Contract liabilities | 427,110 | 140,235 | ||||||
| Loans from related parties | 200,000 | 429,175 | ||||||
| Due to related parties | - | 43,628 | ||||||
| Income tax payable | 423,693 | 1,105,748 | ||||||
| Total current liabilities | 7,087,560 | 7,289,739 | ||||||
| Non-current liabilities | ||||||||
| Bank loans – non-current | 706,811 | 345,859 | ||||||
| Operating lease liabilities – non-current | 593,749 | 989,656 | ||||||
| Operating lease liabilities – non-current – related parties | 21,617 | - | ||||||
| Total non-current liabilities | 1,322,177 | 1,335,515 | ||||||
| TOTAL LIABILITIES | 8,409,737 | 8,625,254 | ||||||
| Shareholders’ equity | ||||||||
| Class A ordinary shares (US$0.000375 par value each; 133,000,000 shares authorized; 1,652,701 shares issued and outstanding respectively) (1) | 1,410 | 615 | ||||||
| Class B ordinary shares ($US$0.000375 par value per share, 3,000,000 shares authorized; 2,109,000 issued and outstanding as of September 30, 2025) (1) | - | 795 | ||||||
| Additional Paid-in Capital | 6,193,646 | 6,193,646 | ||||||
| Accumulated other comprehensive income/(loss) | (23,364 | ) | (86,874 | ) | ||||
| Non-controlling interests | 405,122 | 388,585 | ||||||
| Treasury stock(2) | - | (245,037 | ) | |||||
| Retained earnings | 8,467,586 | 10,786,999 | ||||||
| Total shareholders’ equity | 15,044,400 | 17,038,729 | ||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 23,454,137 | 25,663,983 | ||||||
(1) Retroactively adjusted for the effects of the Share Re-designation and Re-classification:
On August 7, 2025, the Company implemented the re-designation and re-classification of its issued and unissued ordinary shares of par value US$0.000375 each in the share capital of the Company into Class A ordinary shares (1 vote per share) and Class B ordinary shares (20 votes per share), effective the same day. As a result, the 136,000,000 ordinary shares in the share capital of the Company were re-designated into 133,000,000 Class A ordinary shares and 3,000,000 Class B ordinary shares, and all the then issued 3,761,701 ordinary shares were concurrently re-designated and re-classified on a one-for-one basis into 1,652,701 Class A ordinary shares and 2,109,000 Class B ordinary shares.
(2) Share Repurchase Program:
On September 15, 2025, the board of directors of the Company approved a share repurchase program authorizing the repurchase of up to US$5,000,000 of the Company’s Class A ordinary shares in the open market over the next six months. The Company has commenced repurchases under the program.
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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME
| For the six months ended September 30, | ||||||||
| 2024 | 2025 | |||||||
| USD | USD | |||||||
| (Unaudited) | (Unaudited) | |||||||
| Revenues | 19,024,229 | 22,699,837 | ||||||
| Cost of sales | 13,735,774 | 15,620,656 | ||||||
| Gross profit | 5,288,455 | 7,079,181 | ||||||
| Operating expenses: | ||||||||
| Selling and marketing expenses | 916,174 | 1,978,757 | ||||||
| General and administrative expenses | 1,981,326 | 2,641,384 | ||||||
| Total operating expenses | 2,897,500 | 4,620,141 | ||||||
| Income from operations | 2,390,955 | 2,459,040 | ||||||
| Other income, net: | ||||||||
| Other income | 172,783 | 256,991 | ||||||
| Currency exchange gain | 273,999 | 298,708 | ||||||
| Interest expenses | (57,540 | ) | (35,221 | ) | ||||
| Total other income, net | 389,242 | 520,478 | ||||||
| Income before tax expense | 2,780,197 | 2,979,518 | ||||||
| Income tax expense | 471,820 | 676,643 | ||||||
| Net income attributable to ordinary shareholders | 2,308,377 | 2,302,875 | ||||||
| Net income (loss) attributable to non-controlling interest | - | (16,538 | ) | |||||
| Net income attributable to J-LONG GROUP LIMITED | 2,308,377 | 2,319,413 | ||||||
| Other comprehensive income/(loss) | ||||||||
| Foreign currency translation adjustments | - | (36,176 | ) | |||||
| Total other comprehensive income | 2,308,377 | 2,283,237 | ||||||
| Comprehensive income attributable to ordinary shareholders | 2,308,377 | 2,283,237 | ||||||
| Comprehensive income attributable to non-controlling interest | - | (16,538 | ) | |||||
| Total comprehensive income attributable to J-LONG GROUP LIMITED | 2,308,377 | 2,266,699 | ||||||
| Net income per share attributable to ordinary shareholders | ||||||||
| Basic and diluted | 0.74 | 0.62 | ||||||
| Weighted average number of ordinary shares used in computing net income per share | ||||||||
| Basic and diluted | 3,140,000 | 3,760,517 | ||||||
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Use of Non-GAAP Financial Measure
We use earnings before interest expenses and income, income tax expense/(benefit) and depreciation, and amortization ("EBlTDA”) and adjusted EBITDA, non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. EBlTDA represents net profit excluding income tax expense/(benefit), interest expenses, interest income and depreciation and amortization. Adjusted EBITDA represents net loss excluding changes in share-based awards expense, income tax expense/(benefit), interest expense, interest income and depreciation and amortization.
We believe that the adjusted EBITDA helps to identify underly trends in our business that could otherwise be distorted by the effect of certain expenses that we are included in net loss. We believe that adjusted EBITDA provided useful information about our operating results, enhance the overall understanding of our past performance and future prospect and allow for greater visibility with respect to key metrics used by our management uses in its financial and operational decision making, In additions, the company provides EBITDA because we believe that investors and analysts may find it useful in measuring operating performance without regard to items such as income tax expense/(benefit), interest expenses and interest income and depreciation and amortization.
| For the six months ended September 30, | ||||||||
| 2024 | 2025 | |||||||
| USD | USD | |||||||
| (Unaudited) | (Unaudited) | |||||||
| Net income attributable to ordinary shareholders | 2,308,377 | 2,302,875 | ||||||
| Add: | ||||||||
| Income tax expense | 471,820 | 676,643 | ||||||
| Interest expenses | 57,540 | 35,221 | ||||||
| Interest income | (115,827 | ) | (209,466 | ) | ||||
| Depreciation | 85,350 | 176,626 | ||||||
| EBITDA | 2,807,260 | 2,981,899 | ||||||
| Add: | ||||||||
| Share-based awards | - | 955,916 | ||||||
| Adjusted EBITDA | 2,807,260 | 3,937,815 | ||||||
Management’s Discussion and Analysis of Results of Operations and Liquidity and Capital Resources
| ● | Delivers Strong First Half 2025 Results: Revenue growth by 19.3% and Adjusted EBITDA growth by 40.3% compared to the same period in 2024 |
| ● | Revenue was approximately US$22.7 million for the six months ended September 30, 2025, representing a strong growth of approximately 19.3% from the same period in 2024 on robust customer demand. |
| ● | Adjusted EBITDA was approximately US$3.9 million for the six months ended September 30, 2025, achieving 40.3% growth with the same period in 2024 (2024: approximately US$2.8 million). |
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Six-Month Financial Results Ended September 30, 2025
Revenue. Revenue increased by approximately 19.3% from approximately US$19.0 million for the six months ended September 30, 2024, to approximately US$22.7 million for the six months ended September 30, 2025. The growth in revenue during the six-month period ended September 30, 2025 was driven by stronger demand from key customers.
Selling, general and administrative expenses. Selling, general and administrative expenses increased by approximately 59.5% from approximately US$2.9 million for the six months ended September 30, 2024, to approximately US$4.6 million for the six months ended September 30, 2025, which was mainly due to share-based awards recognized in respect of awards granted to five members.
Other income, net. Other net income increased by approximately US$0.1 million from approximately US$0.4 million for the six months ended September 30, 2024, to approximately US$0.5 million for the six months ended September 30, 2025, which was mainly due to an increase in interest income.
Income tax expense. Income tax expense increased to US$0.7 million for the six months ended September 30, 2025 (for the six months ended September 30, 2024: approximately US$0.5 million) which was mainly due to the increase in income before tax in the current period.
Net income. For the six months ended September 30, 2025, net income was approximately US$2.3 million, consistent with the prior year period (2024: approximately US$2.3 million).
Basic and diluted EPS. Basic and diluted EPS were approximately US$0.62 per ordinary share for the six months ended September 30, 2025, as compared to US$0.74 per ordinary share for the six months ended September 30, 2024, respectively.
Liquidity and Capital Resources
As of September 30, 2025, the Company had cash of US$11,358,839, total current assets of US$20,371,822, and total current liabilities of US$7,289,739. Net current assets were US$13,082,083 and the working capital ratio was 2.8. As of September 30, 2025, the Company’s total assets and total liabilities amounted to US$25,663,983 and US$8,625,254, respectively. As of September 30, 2025, the Company’s total stockholder’s equity amounted to US$17,038,729 and its gearing ratio (bank loan divided by stockholder’s equity) was 6.2%.
Off-Balance Sheet Arrangements
The Company does not have any off-balance sheet arrangements, including arrangements that would affect its liquidity, capital resources, market risk support, credit risk support, or other benefits.
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EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release, dated December 23, 2025 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| J-Long Group Limited | ||
| By: | /s/ Edwin Chun Yin Wong | |
| Name: | Edwin Chun Yin Wong | |
| Title: | Chief Executive Officer and Director | |
Date: December 23, 2025
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