Revenue growth accelerated to $20.8M in 2025Q4 while maintaining a stable gross margin of 15.9%, though the absence of R&D spending warrants caution regarding long-term competitiveness.
| Sales/Revenue | 34.94M | 173.65M | 119.08M | 66.54M |
| Revenue Growth % | -79.88% | 45.82% | 78.96% | - |
| Cost of Goods Sold | 29.32M | 147.09M | 100.23M | 56.43M |
| COGS % of Revenue | 83.93% | 84.7% | 84.16% | 84.8% |
| Gross Profit | 5.62M | 26.56M | 18.86M | 10.12M |
| Gross Margin % | 16.07% | 15.3% | 15.84% | 15.2% |
| Gross Profit Growth % | -78.85% | 40.83% | 86.41% | - |
| Operating Expenses | 1.34M | 6.55M | 5.63M | 4.77M |
| OpEx % of Revenue | 3.83% | 3.77% | 4.73% | 7.16% |
| Selling, General & Admin | 1.34M | 6.13M | 5.09M | 5.02M |
| SG&A % of Revenue | 3.83% | 3.53% | 4.27% | 7.55% |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 0 | 424.42K | 543.1K | -257.02K |
| Operating Income | 4.28M | 20.01M | 13.23M | 5.35M |
| Operating Margin % | 12.25% | 11.52% | 11.11% | 8.04% |
| Operating Income Growth % | -78.61% | 51.26% | 147.29% | - |
| EBITDA | 4.3M | 20.22M | 13.52M | 5.68M |
| EBITDA Margin % | 12.32% | 11.64% | 11.35% | 8.53% |
| EBITDA Growth % | -78.71% | 49.58% | 138.15% | - |
| D&A (Non-Cash Add-back) | 24.26K | 207.34K | 286.96K | 325.89K |
| EBIT | 4.28M | 20.13M | 13.23M | 5.35M |
| Net Interest Income | -14.1K | 15.63K | -9.67K | -195.01K |
| Interest Income | 0 | 15.63K | 0 | 0 |
| Interest Expense | 14.1K | 0 | 9.67K | 195.01K |
| Other Income/Expense | -13.04K | 115.54K | -9.67K | -195.01K |
| Pretax Income | 4.27M | 20.13M | 13.22M | 5.15M |
| Pretax Margin % | 12.21% | 11.59% | 11.1% | 7.75% |
| Income Tax | 640.76K | 3.05M | 2M | 776.19K |
| Effective Tax Rate % | 15.02% | 15.15% | 15.1% | 15.06% |
| Net Income | 3.63M | 17.08M | 11.22M | 4.38M |
| Net Margin % | 10.38% | 9.83% | 9.42% | 6.58% |
| Net Income Growth % | -78.77% | 52.15% | 156.34% | - |
| Net Income (Continuing) | 3.63M | 17.08M | 11.22M | 4.38M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.18 | 0.00 | 0.00 | 0.00 |
| EPS Growth % | - | - | - | - |
| EPS (Basic) | 0.18 | 0.00 | 0.00 | 0.00 |
| Diluted Shares Outstanding | 20.39M | 0 | 0 | 0 |
| Basic Shares Outstanding | 20.39M | 0 | 0 | 0 |
| Dividend Payout Ratio | - | - | - | - |
Limited Revenue Scale
According to the latest financial disclosures, JLHL achieved revenue growth to $20.8M in 2025Q4, representing a notable acceleration from the $14.1M reported in 2025Q2, suggesting that the company is successfully capturing market share within its specific industrial niche despite the relatively small absolute revenue base.
The sequential revenue increase indicates a potential strengthening in demand for the company's engineering and construction services. Investors should monitor whether this growth trajectory is sustainable or if it reflects lumpy project-based revenue recognition common in the industrial sector.
As reported in recent income statements, JLHL maintained a gross margin of 15.9% in 2025Q4, which remains consistent with the 16.4% observed in 2025Q2, suggesting that the company possesses a stable cost structure despite the fluctuations in top-line revenue performance over the observed periods.
The stability in gross margins implies that the company is effectively managing its direct project costs relative to its pricing power. However, the narrow margin profile warrants further investigation into the company's ability to absorb potential inflationary pressures on raw materials or labor.
Based on the provided income statement data, JLHL demonstrated operating leverage as operating income scaled to $2.4M in 2025Q4 from $1.9M in 2025Q2, while SG&A expenses remained relatively contained, suggesting an efficient conversion of gross profit into operating earnings as the business expands its scale.
The ability to grow operating income faster than revenue suggests that the company is successfully leveraging its existing overhead structure. This trend may indicate that the current management team is prioritizing expense discipline, though the lack of R&D investment could potentially limit long-term competitive differentiation.
Data from the company's recent filings reveals that while net margins reached 9.7% in 2025Q4, the absence of R&D spending may artificially inflate current profitability, raising questions about whether the firm can maintain these margins while investing in the innovation required to remain competitive long-term.
The reliance on minimal SG&A and zero R&D expenditure appears to be a primary driver of current net income levels. Investors should consider whether this lean cost structure is a strategic choice or a potential vulnerability that could lead to margin compression if competitive pressures necessitate increased operational spending.
Quick answers to the most common questions about buying JLHL stock.
For fiscal year 2025, Julong Holding Limited Class A Ordinary Shares (JLHL) reported total revenue of $34.9M. This represents a 47.5% decline compared to $66.5M in 2022.
Julong Holding Limited Class A Ordinary Shares (JLHL) is profitable, generating $3.6M in net income for the fiscal year ending 2025 with a net profit margin of 10.4%.
Julong Holding Limited Class A Ordinary Shares (JLHL) reported an operating income of $4.3M, resulting in an operating profit margin of 12.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Julong Holding Limited Class A Ordinary Shares (JLHL) generated $5.6M in gross profit for the year, representing a gross profit margin of 16.1%. This demonstrates the company's core pricing power and production efficiency.