J-Long Group to effect 1-for-10 share consolidation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
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Share Consolidation Announcement: J-Long Group will implement a 1-for-10 share consolidation of its Ordinary Shares effective December 3, 2024, to comply with Nasdaq's minimum bid price requirement.
Trading and Regulatory Changes: The adjusted shares will begin trading on Nasdaq under the ticker "JL" from December 4, 2024, and the company will update its Memorandum and Articles of Association accordingly.
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Analyst Views on JL
About JL
J-Long Group Ltd is a holding company principally engaged in the distribution of reflective and non-reflective garment trims. The Company's products include heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
J-Long Group Reports 19.3% Revenue Growth in H1 2025
- Significant Revenue Growth: J-Long Group reported revenue of approximately $22.7 million for H1 2025, reflecting a robust 19.3% increase from the same period in 2024, indicating strong customer demand and market vitality, thereby enhancing the company's competitive position.
- Substantial Adjusted EBITDA Increase: The adjusted EBITDA for H1 2025 reached approximately $3.9 million, marking a 40.3% year-over-year growth, which highlights the company's success in cost control and operational efficiency, further solidifying its financial health.
- Increase in Management Expenses: Selling, general, and administrative expenses surged by 59.5% to approximately $4.6 million, primarily due to share-based awards granted to five members, which, while increasing short-term costs, aids in attracting and retaining key talent to support long-term growth.
- Strong Cash Flow and Liquidity: As of September 30, 2025, the company held cash of $11.36 million with a current assets to current liabilities ratio of 2.8, demonstrating robust liquidity and financial stability, providing ample funding for future investments.
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J-Long Group Ltd trading resumes
Trading Update: J-Long Group Ltd has resumed trading after a period of volatility and compliance issues with Nasdaq, including plans for a reverse stock split.
Investment Insights: TipRanks offers tools for investors to follow top Wall Street analysts and build personalized portfolios based on data-driven insights.
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