BEIJING, Aug. 18, 2026 (GLOBE NEWSWIRE) — Julong Holding Limited (“Julong” or the “Company”) (Nasdaq: JLHL), a growth-oriented provider of intelligent integrated solutions, today announced its unaudited financial results for the six months ended March 31, 2026.

First Half of Fiscal Year 2026 Financial Highlights

  • Revenues increased by 21.6% to RMB124,293 thousand (US$18,019 thousand) for the six months ended March 31, 2026, from RMB102,175 thousand in the same period of fiscal year 2025.
  • Gross profit increased by 16.4% to RMB19,453 thousand (US$2,820 thousand) for the six months ended March 31, 2026, from RMB16,719 thousand in the same period of fiscal year 2025.
  • Gross margin was 15.7% for the six months ended March 31, 2026, compared with 16.4% in the same period of fiscal year 2025.
  • Net income increased by 0.8% to RMB11,659 thousand (US$1,690 thousand) in the six months ended March 31, 2026, from RMB11,567 thousand in the same period of fiscal year 2025.

Mr. Jiaqi Hu, the founder, Chairman of the Board of Directors, and Chief Executive Officer of Julong, commented, “We are pleased to report solid results for the first half of fiscal year 2026, despite a challenging external environment. Total revenue increased by 21.6% year over year, reflecting the continued strength of our core engineering solutions business. This growth was primarily driven by an increase in the number of intelligent projects we served, with contracts under execution for our engineering solutions business rising to 322 from 226 in the same period last year. Additionally, we saw encouraging early-stage momentum in our sale of equipment and materials for intelligent systems, which complements our core business. With a rising number of contracts under execution in our domestic engineering solutions business and our continuous efforts to expand our international footprint, we are confident that we will sustain this momentum and capture new opportunities across our markets.”

Ms. Airu Chen, the Chief Financial Officer of Julong, said, “We delivered a year-over-year revenue increase of 21.6%, reaching RMB124 million in the first half of fiscal year 2026, with revenue from our core engineering solutions for intelligent projects business rising 22.9% year over year. Notably, revenue from the sale of equipment and materials for intelligent systems grew substantially, climbing to RMB346 thousand from RMB10 thousand in the same period last year. Gross profit increased 16.4% year-over-year to RMB19.5 million and we remained profitable with net income of RMB11.7 million. As we continue to support the execution of our project pipeline, we remain focused on improving operational efficiency and creating sustainable, long-term value for our business partners and shareholders.”

Unaudited Financial Results for the First Half of Fiscal Year 2026

Revenues increased by 21.6% to RMB124,293 thousand (US$18,019 thousand) in the six months ended March 31, 2026, from RMB102,175 thousand in the same period of fiscal year 2025, primarily attributable to an increase in the number of intelligent projects where we provided engineering solutions.

Revenues from engineering solutions for intelligent projects increased by 22.9% to RMB120,265 thousand (US$17,435 thousand) in the six months ended March 31, 2026, from RMB97,861 thousand in the same period of fiscal year 2025.

Revenues from intelligent project operation and maintenance were RMB3,682 thousand (US$534 thousand) in the six months ended March 31, 2026, compared with RMB4,304 thousand in the same period of fiscal year 2025.

Revenues from sales of equipment and materials of intelligent systems increased to RMB346 thousand (US$50 thousand) in the six months ended March 31, 2026, from RMB10 thousand in the same period of fiscal year 2025.

Cost of revenues increased by 22.7% to RMB104,839 thousand (US$15,199 thousand) in the six months ended March 31, 2026, from RMB85,457 thousand in the same period of fiscal year 2025.

Gross profit increased by 16.4% to RMB19,453 thousand (US$2,820 thousand) in the six months ended March 31, 2026, from RMB16,719 thousand in the same period of fiscal year 2025.

Gross margin was 15.7% for the six months ended March 31, 2026, compared with 16.4% in the same period of fiscal year 2025, primarily due to change in revenue mix.

Operating expenses increased by 91.9% to RMB5,960 thousand (US$864 thousand) in the six months ended March 31, 2026, from RMB3,106 thousand in the same period of fiscal year 2025, primarily due to an increase in service fee for RMB2,061 thousand (US$299 thousand).

Operating income was RMB13,494 thousand (US$1,956 thousand) in the six months ended March 31, 2026, compared with RMB13,613 thousand in the same period of fiscal year 2025.

Net income increased by 0.8% to RMB11,659 thousand (US$1,690 thousand) in the six months ended March 31, 2026, from RMB11,567 thousand in the same period of fiscal year 2025.

Basic and diluted net income per share was RMB0.54 (US$0.08) in the six months ended March 31, 2026, compared with RMB0.58 per share in the same period of fiscal year 2025.

Balance Sheets

As of March 31, 2026, the Company had cash and cash equivalents and restricted cash of RMB43,217 thousand (US$6,265 thousand), compared with RMB62,248 thousand as of September 30, 2025.

About Julong Holding Limited

Founded in 1997, Julong is a growth-oriented professional provider of intelligent integrated solutions to public utilities, commercial properties, and multifamily residential properties operating at scale in China. The Company’s comprehensive suite of intelligent integrated solutions includes systems for intelligent security, fire protection, parking, toll collection, broadcasting, identification, data room, emergency command, and city management. Since its inception, Julong has focused on the successful and on-time execution of complex projects, through its “deliveries before deadline” and “customers first” initiatives. As Julong continues to cross-sell its service and solution offerings and advance its purpose-built technologies, the Company is well-positioned to achieve economies of scale and capture future opportunities.

For more information, please visit: ir.julongzx.com.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB6.8980 to US$1.00, the exchange rate on March 31, 2026 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollar amounts referred could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements relating to the Company’s future operating and financial performance, business strategies, and growth plans. These forward-looking statements can be identified by terminology such as “will,” “would,” “may,” “expects,” “anticipates,” “aims,” “future,” “continues,” “could,” “should,” “target,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including uncertainties related to market conditions, competition, and other factors discussed in the “Risk Factors” section of the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Investor Relations:
Email: ir@julongzx.com

Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: julong@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: julong@thepiacentegroup.com

   
JULONG HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS		  
                   
    As of September 30,
2025		     As of March 31,
2026		     As of March 31,
2026		  
    RMB     RMB     US$  
ASSETS                        
Current assets                        
Cash and cash equivalents     62,247,145       43,216,643       6,265,098  
Restricted cash     600       600       87  
Accounts receivable (net of allowance of RMB91,886 and RMB56,070 as of September 30,2025 and March 31, 2026, respectively)     14,723,857       8,130,297       1,178,646  
Unbilled receivables (net of allowance of RMB4,267,547 and RMB5,457,002 as of September 30,2025 and March 31, 2026, respectively)     242,066,085       303,893,778       44,055,346  
Contract assets- current (net of allowance of nil and nil as of September 30, 2025 and March 31, 2026, respectively)     2,466,827       1,498,137       217,184  
Other receivable (net of allowance of RMB64,103 and RMB164,106 as of September 30, 2025 and March 31, 2026, respectively)     801,734       24,234,001       3,513,192  
Amounts due from related parties     3,486,135       1,105,933       160,327  
Prepaid expenses and other current assets     1,966,812       4,212,170       610,635  
Total current assets     327,759,195       386,291,559       56,000,515  
                         
Non-current assets                        
Property, plant and equipment, net     83,125       161,404       23,399  
Deferred tax assets     1,044,349       1,240,584       179,847  
Operating lease right-of-use assets     280,398       229,471       33,266  
Contract assets- non-current, net     10,955,098       10,995,921       1,594,074  
Total non-current assets     12,362,970       12,627,380       1,830,586  
                         
TOTAL ASSETS     340,122,165       398,918,939       57,831,101  


JULONG HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)		  
                   
    As of September 30,
2025		     As of March 31,
2026		     As of March 31,
2026		  
    RMB     RMB     US$  
LIABILITIES                        
                         
Current liabilities                        
Short-term borrowing     10,000,000       10,000,000       1,449,696  
Accounts payable     21,797,667       15,767,146       2,285,756  
Contract liabilities     844,757       1,691,990       245,287  
Accrued expenses and other current liabilities     221,848,274       275,039,372       39,872,336  
Amounts due to related parties     5,244,067       3,443,940       499,266  
Income tax payable     10,312,947       12,398,896       1,797,462  
Operating lease liabilities, current portion     99,065       100,540       14,575  
Total current liabilities     270,146,777       318,441,884       46,164,378  
Non-current liabilities:                        
Operating lease liabilities, non-current     164,896       114,254       16,563  
Total non-current liabilities     164,896       114,254       16,563  
                         
TOTAL LIABILITIES     270,311,673       318,556,138       46,180,941  
SHAREHOLDERS’ EQUITY                        
Stock Subscription Receivable     (14,246 )     (14,246 )     (2,065 )
Ordinary shares subscribed (US$0.0001 par value, 500,000,000 shares authorized as of September 30, 2025 and March 31, 2026; 21,448,632 shares issued and outstanding as of September 30, 2025 and March 31, 2026) (1)     15,269       15,269       2,214  
Additional paid in capital     26,281,420       26,281,420       3,810,006  
Statutory reserve     5,883,035       7,048,957       1,021,884  
Retained earnings     37,645,105       48,138,412       6,978,604  
Accumulated other comprehensive loss     (91 )     (1,107,011 )     (160,483 )
TOTAL SHAREHOLDERS’ EQUITY     69,810,492       80,362,801       11,650,160  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     340,122,165       398,918,939       57,831,101  

(1) Giving retroactive effect to Reorganization transactions.

   
JULONG HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
INCOME
  
       
    Six Months Ended March 31,  
    2025     2026     2026  
    RMB     RMB     US$  
Revenues (including revenues from related parties of RMB42,257,767 and RMB63,792,598 for the six months ended March 31, 2025 and 2026, respectively)     102,175,246       124,292,811       18,018,674  
                         
Cost of revenues     85,456,746       104,839,391       15,198,520  
                         
Gross profit     16,718,500       19,453,420       2,820,154  
                         
Operating expenses:                        
Selling, general and administrative expenses     3,105,980       5,959,721       863,978  
Total operating expenses     3,105,980       5,959,721       863,978  
                         
Operating income     13,612,520       13,493,699       1,956,176  
                         
Interest expenses     (936 )     (148,839 )     (21,577 )
Other income, net     263       324,664       47,066  
Income before income taxes     13,611,847       13,669,524       1,981,665  
Income tax expenses     2,045,183       2,010,295       291,432  
                         
Net income     11,566,664       11,659,229       1,690,233  
Other comprehensive loss, net of tax of nil:     –       (1,107,011 )     (160,483 )
Comprehensive income     11,566,664       10,552,218       1,529,750  
Net income per share-basic and diluted                        
Weighted average number of ordinary shares outstanding-basic and diluted     20,011,132       21,448,632       21,448,632  
Basic and diluted net income per share     0.58       0.54       0.08  

JULONG HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY		  
                     
    Ordinary shares     Stock
Subscription
Receivable		     Additional
paid-in
capital		     Statutory
reserve		     Accumulated other
comprehensive
income		     (Accumulated
deficit)/Retained
earnings		     Total Julong
Holding Limited
 shareholders’
equity		     Non-
controlling
interest		     Total
equity		  
    Number     RMB     RMB     RMB     RMB     RMB     RMB     RMB     RMB     RMB  
Balance as of September 30, 2024     20,011,132       14,043       (14,043 )     –       3,267,815       –       14,108,126       17,375,941       –       17,375,941  
Net income for the year     –       –       –       –       –       –       11,566,664       11,566,664       –       11,566,664  
Provision of statutory reserve     –       –       –       –       1,156,666       –       (1,156,666 )     –       –       –  
Foreign currency translation adjustment     –       478       (478 )     –       –       –       –       –       –       –  
Balance as of March 31, 2025     20,011,132       14,521       (14,521 )     –       4,424,481       –       24,518,124       28,942,605       –       28,942,605  
Balance as of September 30, 2025     21,448,632       15,269       (14,246 )     26,281,420       5,883,035       (91 )     37,645,105       69,810,492       –       69,810,492  
                                                                                 
Net income for the year     –       –       –       –       –       –       11,659,229       11,659,229       –       11,659,229  
Provision of statutory reserve     –       –       –       –       1,165,922       –       (1,165,922 )     –       –       –  
Foreign currency translation adjustment     –       –       –       –       –       (1,106,920 )     –       (1,106,920 )     –       (1,106,920 )
Balance as of March 31, 2026     21,448,632       15,269       (14,246 )     26,281,420       7,048,957       (1,107,011 )     48,138,412       80,362,801       –       80,362,801  


JULONG HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS		  
   
    Six Months Ended March 31,  
    2025     2026     2026  
    RMB     RMB     US$  
CASH FLOWS FROM OPERATING ACTIVITIES                        
Net income     11,566,664       11,659,229       1,690,233  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                        
Depreciation of property, plant and equipment     7,117       10,830       1,570  
Amortization of the right-of-use assets     95,003       50,928       7,383  
Provision of allowance for doubtful accounts     94,292       6,420,154       930,727  
Provision of allowance for unbilled receivables     311,983       1,189,455       172,435  
                         
Changes in operating assets and liabilities                        
Accounts receivable     (4,473,997 )     3,451,393       500,347  
Unbilled receivables     (18,755,216 )     (63,017,148 )     (9,135,568 )
Contract assets     (2,110,855 )     968,690       140,431  
Other receivable     (80,510 )     (23,532,270 )     (3,411,463 )
Prepaid expenses and other current assets     (759,161 )     (2,245,360 )     (325,509 )
Amount due from related parties     699,026       2,380,202       345,057  
Deferred tax assets     (62,182 )     (196,235 )     (28,448 )
Non-current assets     476,681       (40,823 )     (5,918 )
Accounts payable     (4,720,741 )     (7,985,422 )     (1,157,643 )
Accrued expenses and other current liabilities     16,811,087       46,683,831       6,767,734  
Income tax payable     1,875,544       2,085,949       302,399  
Contract liabilities     2,081,323       847,233       122,823  
Amount due to related parties     (13,836,127 )     (1,800,127 )     (260,964 )
Lease liabilities     (95,003 )     (49,166 )     (7,128 )
Other Current liabilities     2,638,092       5,284,184       766,047  
                         
Net cash used in operating activities     (8,236,979 )     (17,834,473 )     (2,585,455 )
                         
CASH FLOWS FROM INVESTING ACTIVITIES                        
Purchase of property, plant and equipment     –       (89,109 )     (12,918 )
Net cash used in investing activities     –       (89,109 )     (12,918 )
                         
CASH FLOWS FROM FINANCING ACTIVITIES                        
Proceed from short-term borrowing             10,000,000       1,449,696  
Proceed from (repayment of) short-term borrowing     10,000,000       (10,000,000 )     (1,449,696 )
Payment of deferred offering costs     (1,169,139 )     –       –  
Net cash provided by financing activities     8,830,861       –       –  
 Exchange rate effect on cash and cash equivalents     –       (1,106,920 )     (160,470 )
Net increase (decrease) in cash, cash equivalents and restricted cash     593,882       (19,030,502 )     (2,758,843 )
Cash, cash equivalents and restricted cash at beginning of the period     20,772,130       62,247,745       9,024,028  
                         
Cash, cash equivalents and restricted cash at end of the period     21,366,012       43,217,243       6,265,185  


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