J-Long Group Limited

General Information
Business:

We are a holding company incorporated in the Cayman Islands. Our operations are conducted by our Hong Kong subsidiary, JLHK. We manufacture and distribute reflective and non-reflective garment trims. We have been an authorized distributor of 3M Scotchlite reflective materials since 2000.  (Incorporated in the Cayman Islands)

We are an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. We have nearly 30 years of experience in the apparel industry and have served over 100 international outerwear and sportswear brands, uniform and safety workwear brands and fashion brands across the world. We offer a wide range of services to cater to our customers’ needs in reflective and non-reflect garment trims, including market trend analysis, product design and development and production and quality control. We work with our customers on their product requirements for the upcoming season, and we usually provide various suggestions on the product design and use of appropriate materials using our know-how and extensive industry knowledge we have accumulated over the years.

Competitive Strengths

We believe the following competitive strengths differentiate us from our competitors:

•        Established market presence in the reflective materials industry with nearly 30 years of operating history;

•        Diversified product portfolio consisting of reflective and non-reflective garment trims;

•        Commitment to environmental sustainability and quality control;

•        Strong and stable network of materials suppliers and manufacturing services suppliers;

•        Stable business relationships with our customers; and

•        Experienced and professional management team.

Our Strategies

We intend to pursue the following strategies to further expand our business:

•        Strengthen our design and development capabilities;

•        Expand our regional sales presence and marketing capabilities;

•        Selectively pursue acquisitions and strategic investments; and

•        Increase warehouse and storage capacity.

Corporate History and Structure

We are an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. We have nearly 30 years of experience in the apparel industry and have served over 100 international brands globally, including outerwear and sportswear brands, uniform and safety workwear brands and fashion brands. We offer a wide range of services to cater to our customers’ needs in reflective and non-reflective garment trims, including market trend analysis, product design and development and production and quality control. We work with our customers on their product requirements for the upcoming season, and we usually provide various suggestions on the product design and use of appropriate materials using our know-how and extensive industry knowledge we have accumulated over the years.\On September 20, 2023, the Controlling Shareholder entered into individual subscription agreements with the pre-IPO shareholders, Capital Summit Enterprises Limited, Cherish Gloss Group Limited, Jipsy Trade Limited, Summer Explorer Investments Limited, Wise Total Solutions Group Limited, and Max Premier Enterprises Limited. According to these agreements, the Controlling Shareholder agreed to sell and each of the pre-IPO shareholders agreed to purchase 556,875 shares of JL.

*Note: Net income and revenue are for the year ended March 31, 2023.

(Note: J-Long Group Limited priced its small-cap IPO on Jan. 23, 2024, in sync with the terms in its prospectus: 1.4 million shares at $5.00 – the mid-point of its $4.00-to-$6.00 price range – to raise $7 million. Background: J-Long Group Limited filed an F-1/A on Nov. 9, 2023, and disclosed terms for its IPO: 1.4 million ordinary shares at a price range of $4.00 to $6.00 to raise $7.0 million. Background: J-Long Group Limited filed its F-1 on Oct. 18, 2023, without disclosing terms for its IPO. J-Long Group Limited submitted confidential IPO documents to the SEC on Dec. 30, 2022.) 

Industry: Manufacturing - Reflective Garment Trims
Employees: 57
Founded: 1985
Contact Information
Address Flat F, 8/F, Houston Industrial Building 32-40 Wang Lung Street, Tsuen Wan New Territories, Hong Kong
Phone Number +852 3693 2110
Web Address https://j-long.com/
View Prospectus: J-Long Group Limited
Financial Information
Market Cap $157.0mil
Revenues $38.29 mil (last 12 months)
Net Income $6.66 mil (last 12 months)
IPO Profile
Symbol JL
Exchange NASDAQ
Shares (millions): 1.4
Price range $5.00 - $5.00
Est. $ Volume $7.0 mil
Manager / Joint Managers Eddid Securities USA
CO-Managers
Expected To Trade: 1/24/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change