The company's gross margin has fluctuated significantly between 1.4% and 21.6% over the last ten quarters, indicating a lack of sustainable pricing power.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Sales/Revenue | 49.84M | 82.94M | 49.84M | 31.84M | 79.87M | 54.04M | 1.34M | 16.47M | 18.54M | 23.76M | 41.2M | 61.34M | 58.83M | 99.56M | 0 |
| Revenue Growth % | 56.53% | 66.41% | 56.53% | -60.14% | 47.8% | 3946.88% | -91.89% | -11.17% | -22% | -42.32% | -32.84% | 4.27% | -40.91% | - | - |
| Cost of Goods Sold | 41.49M | 72.5M | 41.49M | 26.38M | 78.41M | 53.19M | 1.17M | 11.39M | 22.11M | 35.27M | 39.04M | 46.51M | 39.42M | 57.36M | 0 |
| COGS % of Revenue | - | 87.42% | 83.24% | 82.86% | 98.17% | 98.43% | 87.53% | 69.15% | 119.31% | 148.45% | 94.76% | 75.82% | 67% | 57.62% | - |
| Gross Profit | 8.35M | 10.43M | 8.35M | 5.46M | 1.46M | 847.71K | 166.57K | 5.08M | -3.58M | -11.51M | 2.16M | 14.83M | 19.42M | 42.2M | 0 |
| Gross Margin % | 16.76% | 12.58% | 16.76% | 17.14% | 1.83% | 1.57% | 12.47% | 30.85% | -19.31% | -48.45% | 5.24% | 24.18% | 33% | 42.38% | - |
| Gross Profit Growth % | - | 24.93% | 53.07% | 272.58% | 72.76% | 408.93% | -96.72% | 241.94% | 68.91% | -633.38% | -85.45% | -23.61% | -53.99% | - | - |
| Operating Expenses | 4.52M | 21.3M | 4.52M | 2.41M | 56.85M | 8.19M | 1.16M | 5.35M | 20.86M | 7.81M | 17.72M | 13M | 13.62M | 7.99M | 48.39K |
| OpEx % of Revenue | - | 25.68% | 9.07% | 7.56% | 71.17% | 15.16% | 87.01% | 32.47% | 112.53% | 32.85% | 43.01% | 21.18% | 23.16% | 8.02% | - |
| Selling, General & Admin | 4.48M | 16.61M | 4.48M | 1.85M | 56.47M | 8.19M | 1.16M | 3.89M | 6.38M | 6.98M | 5.97M | 7.6M | 9.69M | 6.74M | 48.39K |
| SG&A % of Revenue | - | 20.02% | 8.99% | 5.81% | 70.69% | 15.16% | 87.24% | 23.61% | 34.45% | 29.36% | 14.5% | 12.4% | 16.47% | 6.77% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 40.71K | 4.69M | 38.27K | 557.88K | 381.56K | 4.13K | -3.12K | 1.46M | 14.47M | 828.49K | 11.74M | 5.39M | 3.94M | 1.24M | 0 |
| Operating Income | 3.83M | -10.87M | 3.87M | 3.05M | -55.35M | -7.36M | -995.29K | 405.39K | -23.29M | -19.32M | -15.56M | 1.84M | 5.79M | 34.21M | -48.39K |
| Operating Margin % | 7.69% | -13.1% | 7.77% | 9.58% | -69.3% | -13.63% | -74.53% | 2.46% | -125.68% | -81.29% | -37.77% | 3% | 9.84% | 34.36% | - |
| Operating Income Growth % | - | -380.75% | 26.93% | 105.51% | -651.66% | -639.92% | -345.52% | 101.74% | -20.59% | -24.14% | -946.88% | -68.27% | -83.07% | 70799.87% | - |
| EBITDA | 5.91M | -5.76M | 6.89M | 3.34M | -54.62M | -6.59M | -210.18K | 1.09M | -21.76M | -17.79M | -13.6M | 3.85M | 8.13M | 36.09M | -48.39K |
| EBITDA Margin % | 11.86% | -6.94% | 13.83% | 10.47% | -68.38% | -12.2% | -15.74% | 6.62% | -117.39% | -74.88% | -33.01% | 6.28% | 13.82% | 36.25% | - |
| EBITDA Growth % | 77.26% | -183.55% | 106.66% | 106.11% | -728.56% | -3036.25% | -119.27% | 105.01% | -22.29% | -30.84% | -452.95% | -52.62% | -77.47% | 74676.47% | - |
| D&A (Non-Cash Add-back) | 2.08M | 5.11M | 3.02M | 286.33K | 736.87K | 772.47K | 785.11K | 685.25K | 1.54M | 1.52M | 1.96M | 2.02M | 2.34M | 1.88M | 0 |
| EBIT | 3.94M | -10.87M | 3.83M | 3.05M | -55.38M | -7.35M | -995.29K | 405.39K | -23.29M | -19.32M | -15.56M | 1.88M | 9.21M | 34.16M | -48.39K |
| Net Interest Income | -13.34K | -40.83K | -13.34K | -4.59K | 21 | 4 | 199 | -4.67K | -32.88K | -33.22K | 756 | 57.57K | 68.71K | -43.33K | 3.79K |
| Interest Income | 0 | 338 | 557 | 595 | 21 | 4 | 199 | 62.54K | 71.69K | 81.52K | 85.48K | 92.75K | 136.91K | 142.24K | 3.79K |
| Interest Expense | 13.34K | 41.17K | 13.89K | 5.19K | 0 | 0 | 0 | 67.2K | 104.57K | 114.74K | 84.73K | 35.18K | 68.2K | 185.57K | 0 |
| Other Income/Expense | -13.9K | -75.19K | -52.17K | -5.19K | -28.02K | 17.47K | 0 | -67.2K | -96.44K | -96.39K | -68.37K | 11.98K | 3.39M | -161.86K | -3.06M |
| Pretax Income | 3.82M | -10.94M | 3.82M | 3.04M | -55.38M | -7.35M | -995.29K | 338.19K | -23.39M | -19.41M | -15.63M | 1.85M | 9.18M | 34.05M | -3.11M |
| Pretax Margin % | 7.66% | -13.19% | 7.66% | 9.56% | -69.34% | -13.59% | -74.53% | 2.05% | -126.2% | -81.7% | -37.93% | 3.01% | 15.61% | 34.2% | - |
| Income Tax | 744.23K | 60.25K | 744.23K | 0 | 621 | 5.5K | 0 | 442.59K | -5.42M | -4.6M | -3.73M | 605.69K | 2.31M | 8.63M | 0 |
| Effective Tax Rate % | 19.49% | -0.55% | 19.49% | 0% | -0% | -0.07% | 0% | 130.87% | 23.18% | 23.68% | 23.84% | 32.75% | 25.12% | 25.34% | 0% |
| Net Income | 3.07M | -11M | 3.07M | 3.04M | -73.49M | -37.22M | -5.67M | -104.41K | -17.97M | -14.82M | -11.9M | 1.24M | 6.88M | 25.42M | -3.11M |
| Net Margin % | 6.17% | -13.26% | 6.17% | 9.56% | -92.01% | -68.87% | -424.41% | -0.63% | -96.94% | -62.35% | -28.89% | 2.03% | 11.69% | 25.53% | - |
| Net Income Growth % | 0.99% | -457.89% | 0.99% | 104.14% | -97.48% | -556.66% | -5328.3% | 99.42% | -21.28% | -24.47% | -1057.06% | -81.92% | -72.95% | 917.68% | - |
| Net Income (Continuing) | 3.07M | -11M | 3.07M | 3.04M | -55.38M | -7.35M | -995.29K | -104.41K | -17.97M | -14.82M | -11.9M | 1.24M | 6.88M | 25.42M | -3.11M |
| Discontinued Operations | 0 | 0 | 0 | 0 | -18.11M | -29.86M | -4.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -27 | -45 | -27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 8.31 | -17.71 | 12.90 | 28.65 | -2622.30 | -976.95 | -220.50 | -24.90 | -4836.00 | -4777.05 | -4080.60 | 438.00 | 2435.10 | 9000.00 | -1080.00 |
| EPS Growth % | -3.33% | -237.29% | -54.97% | 101.09% | -168.42% | -343.06% | -785.54% | 99.49% | -1.23% | -17.07% | -1031.64% | -82.01% | -72.94% | 933.33% | - |
| EPS (Basic) | - | -17.71 | 27.15 | 30.15 | -1976.10 | -975.30 | -220.20 | -24.90 | -4834.80 | -4777.05 | -4080.60 | 440.40 | 2435.10 | 9000.00 | -1080.00 |
| Diluted Shares Outstanding | 369.72K | 621.32K | 237.91K | 106.1K | 28.03K | 7.54K | 4.52K | 4.2K | 3.72K | 3.1K | 2.92K | 2.82K | 2.82K | 2.82K | 2.82K |
| Basic Shares Outstanding | 320.76K | 621.32K | 238.28K | 106.24K | 28.03K | 38.1K | 25.7K | 4.2K | 3.72K | 3.1K | 2.92K | 2.84K | 2.82K | 2.82K | 2.82K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Liquidity and operational volatility
As indicated by the provided financial data, JXG experienced a 110.1% revenue surge in 2024Q4, yet this follows a history of erratic performance, including a 58.8% contraction in 2023Q2, suggesting that top-line growth remains highly sensitive to transactional volume rather than sustainable, recurring demand.
The extreme fluctuations in quarterly revenue suggest that the company's business model lacks the stability typically associated with long-term service contracts. Investors should monitor whether these spikes represent genuine market share gains or merely the timing of low-margin, one-off e-commerce fulfillment cycles.
Based on reported figures, the company's gross margin has fluctuated between 1.4% and 21.6% over the last ten quarters, highlighting a lack of pricing power and a heavy reliance on low-margin product resale that leaves the firm vulnerable to procurement cost volatility.
The inability to maintain consistent gross margins suggests that JXG operates as a price-taker in the competitive Chinese travel and e-commerce markets. Without a shift toward higher-margin technology solutions, the current cost structure appears insufficient to support long-term profitability.
According to the income statement history, SG&A expenses have shown significant variability, with operating margins swinging from -37.2% in 2022Q2 to 11.1% in 2023Q2, indicating that the company has yet to achieve a stable scale where operating income reliably outpaces gross profit growth.
The erratic nature of operating margins suggests that management's expense discipline is reactive rather than strategic. The firm appears to struggle with scaling its administrative and marketing overhead in tandem with its highly volatile revenue streams, which may indicate underlying operational inefficiencies.
As reported in financial statements, the company maintains a precarious cash position relative to its $82.9 million TTM revenue, which warrants significant caution regarding the firm's ability to fund daily operations without relying on continuous, potentially dilutive, external financing or rapid inventory turnover.
The disconnect between high revenue volume and a minimal cash cushion suggests that the company's working capital cycle is extremely tight. Any disruption in the collection of receivables or a sudden inventory glut could quickly exhaust the company's limited liquidity, posing a material risk to its ongoing viability.
Quick answers to the most common questions about buying JXG stock.
For fiscal year 2025, JX Luxventure Limited (JXG) reported total revenue of $82.9M.
JX Luxventure Limited (JXG) reported a net loss of $11.0M for the fiscal year ending 2025.
JX Luxventure Limited (JXG) reported an operating income of $-10.9M, resulting in an operating profit margin of -13.1%. This margin reflects the operational efficiency of the business before interest and taxes.
JX Luxventure Limited (JXG) generated $10.4M in gross profit for the year, representing a gross profit margin of 12.6%. This demonstrates the company's core pricing power and production efficiency.