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JLHL

Julong Holding Limited Class A Ordinary Shares

JLHL

Julong Holding Limited Class A Ordinary Shares • NASDAQ
$4.04 ▲ 2.87% (+0.11)
Market Cap $80.86 M
52w High $6.30
52w Low $2.88
Dividend Yield 0%
P/E 31.08
Volume 40.98K
Outstanding Shares 20.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $14.128M ▲ $428.477K ▼ $1.599M ▲ 11.32% ▲ $0.075 ▲ $1.896M ▲
Q2-2024 $12.88M $550.885K $1.233M 9.572% $0.058 $1.468M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $20.618M ▲ $173.078M ▲ $155.702M ▲ $17.376M ▲
Q2-2024 $13.209M $136.669M $127.482M $9.187M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $1.599M ▲ $-1.139M ▼ $0 ▲ $1.221M ▲ $2.946M ▲ $0
Q2-2024 $1.233M $8.544M $-8.198M $-2.058M $0 $0

Five-Year Company Overview

Income Statement

Income Statement The business is still quite small but has been growing steadily. Sales have increased each year and the company has managed to stay modestly profitable, which is not always common for a newly listed, project‑driven business. Margins look reasonable for an engineering and integration player, suggesting they can price and execute projects with some discipline. That said, the absolute scale of the business is still limited, so results could be sensitive to a few large contracts, changes in project mix, or delays. Overall, the income statement shows a young, growing company with early signs of operating control, but not yet tested at larger scale or through a full economic cycle.

Balance Sheet

Balance Sheet The balance sheet looks simple and relatively conservative. Total assets are modest and have not moved much, which fits a project and service‑oriented model that is not very asset‑heavy. Cash is present but not abundant, while debt is low and has been moving down, which reduces financial strain but also means they rely heavily on operating cash and possibly equity for growth. Equity has moved around, which may reflect the SPAC structure, listing costs, and internal capital reshuffling rather than deep underlying business changes. In plain terms, the company does not appear over‑levered, but it also does not have a large financial cushion, so careful working‑capital and project management will matter.

Cash Flow

Cash Flow Cash generation has improved recently, with operations starting to throw off cash after a period of slight outflows. Free cash flow essentially mirrors operating cash, because investment in physical assets has been very light. That is typical for a systems integrator that leans more on people and know‑how than on factories or heavy equipment. The upside is flexibility and lower fixed costs; the downside is that cash flow can fluctuate quickly if project timing, collections from customers, or new contract wins shift. Sustaining positive and more stable operating cash flow over several years will be an important test for the business model.

Competitive Edge

Competitive Edge Julong operates in a crowded and fragmented Chinese market for intelligent building and city systems, where many engineering and construction players compete on projects. Its main competitive strengths are its long operating history, experience with complex projects, and top‑tier engineering licenses that are hard for smaller rivals to obtain. The ability to deliver integrated, one‑stop solutions across security, fire protection, parking, and city management is another edge, especially for large institutional and government clients who prefer a single contractor. However, the company still faces intense price and bidding pressure, dependence on infrastructure and property spending in China, and the constant need to prove execution quality on each new project. Its position is credible but not unassailable.

Innovation and R&D

Innovation and R&D Innovation today seems to be more about systems integration and project execution than about highly visible, proprietary technology. Julong combines multiple hardware and software subsystems into unified platforms and promotes “tech‑powered execution” as a key strength. The company plans to use IPO proceeds to step up investment in research and development, particularly for software, smart analytics, and broader intelligent city solutions. Strategic acquisitions are also on the agenda, which could accelerate technology and product breadth. A key watch point is whether Julong can evolve from being mainly an integrator of others’ technologies into a provider of distinctive platforms or tools of its own, which would deepen its moat and support better margins over time.

Summary

Julong is a newly listed, small but growing engineering and intelligent‑systems integrator with roots going back many years in China. Its financials show a company that is already modestly profitable, conservatively financed, and beginning to generate positive cash, but still at a limited scale where project timing and a few big contracts can sway results. Competitively, its track record, licenses, and integrated offering provide real advantages in bidding for complex projects, yet the broader market is highly competitive and closely tied to Chinese infrastructure and property conditions. The main opportunity lies in using its public listing to invest more heavily in technology, software, and possibly acquisitions, shifting gradually from project‑by‑project integration work toward more scalable, differentiated solutions. The main risks center on execution in a tender‑driven market, reliance on a specific geography, and the challenge of turning integration skills into a stronger, longer‑lasting technology edge.

NEWS

September 25, 2025 · 5:00 AM UTC

Julong Holding Limited Reports Unaudited Financial Results for the First Half of Fiscal Year 2025

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September 18, 2025 · 6:00 AM UTC

Julong Holding Limited to Report First Half of Fiscal Year 2025 Financial Results on Thursday, September 25, 2025

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