NASDAQ : JF
J and Friends Holdings Limited — Financial statements
Financials · Financial - Credit Services · China
Last price 0.925 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 16.96M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
J and Friends Holdings Limited (JF) reported revenue of 1.60M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.60M | 1.60M | 10.81M | 27.27M | ||
| Cost of Revenue | 455.00K | 455.00K | -46.00K | 9.09M | 14.12M | |
| Gross Profit | 1.14M | 1.14M | 46.00K | 1.72M | 13.15M | |
| Selling, General & Admin | 1.98M | 1.98M | 294.00K | 35.00K | 11.23M | 20.31M |
| Research & Development | 499.00K | 499.00K | -335.00K | 2.31M | 3.58M | |
| Other Operating Expenses | -585.00K | -585.00K | 10.00K | |||
| Operating Expenses | 1.90M | 1.90M | 304.00K | -300.00K | 13.54M | 23.89M |
| Operating Income | -755.00K | -755.00K | -304.00K | 346.00K | -11.82M | -10.74M |
| Interest Expense | -52.00K | -52.00K | -14.00K | -631.00K | -3.50M | -5.11M |
| Other Non Operating Income (Expenses) | 59.59K | 1.16M | ||||
| EBT Excluding Unusual Items | -807.00K | -807.00K | -318.00K | -285.00K | -15.26M | -14.70M |
| Gain (Loss) on Sale of Investments | -12.56M | |||||
| Gain (Loss) on Sale of Assets | -5.42M | -315.49K | -865.47K | |||
| Asset Writedown | -487.36K | |||||
| Pretax Income | -807.00K | -807.00K | -318.00K | -5.71M | -28.13M | -16.05M |
| Income Tax Expense | -65.00K | -65.00K | 365.66K | 1.08M | ||
| Earnings From Continuing Operations | -742.00K | -742.00K | -318.00K | -5.71M | -28.50M | -17.13M |
| Earnings From Discontinued Operations | -835.00K | -835.00K | -1.83M | -5.35M | ||
| Net Income to Company | -1.58M | -1.58M | -2.15M | -11.05M | -28.50M | -17.13M |
| Minority Interest in Earnings | 253.00K | 253.00K | 924.14K | 1.12M | ||
| Net Income | -1.32M | -1.32M | -2.15M | -11.05M | -27.57M | -16.01M |
| Net Income to Common | -1.32M | -1.32M | -2.15M | -11.05M | -27.57M | -16.01M |
| Shares Outstanding (Basic) | 16.63M | 16.63M | 15.85M | 14.13M | 8.57M | 8.56M |
| Shares Outstanding (Diluted) | 16.63M | 16.63M | 15.85M | 14.13M | 8.57M | 8.56M |
| EPS (Basic) | -0.08 | -0.08 | -0.14 | -0.78 | -3.22 | -1.87 |
| EPS (Diluted) | -0.08 | -0.08 | -0.14 | -0.78 | -3.22 | -1.87 |
| Free Cash Flow | 141.00K | 141.00K | -2.07M | 1.22M | -1.53M | -5.09M |
| Free Cash Flow Per Share | 0.01 | 0.01 | -0.13 | 0.09 | -0.18 | -0.59 |
| Gross Margin | 71.53% | 71.53% | 15.93% | 48.21% | ||
| Operating Margin | -47.25% | -47.25% | -109.34% | -39.39% | ||
| Profit Margin | -82.85% | -82.85% | -255.05% | -58.72% | ||
| Free Cash Flow Margin | 8.82% | 8.82% | -14.15% | -18.68% | ||
| EBITDA | -565.00K | -565.00K | -44.79K | 612.82K | -11.01M | -8.80M |
| EBITDA Margin | -35.36% | -35.36% | -101.88% | -32.26% | ||
| D&A For EBITDA | 190.00K | 190.00K | 259.21K | 266.82K | 806.70K | 1.95M |
| EBIT | -755.00K | -755.00K | -304.00K | 346.00K | -11.82M | -10.74M |
| EBIT Margin | -47.25% | -47.25% | -109.34% | -39.39% | ||
| Revenue as Reported | 10.81M | 27.27M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 945.00K | 945.00K | 5.00K | 5.71M | 36.21M | 34.30M |
| Short-Term Investments | 29.00K | 29.00K | 145.13K | |||
| Cash & Short-Term Investments | 974.00K | 974.00K | 5.00K | 5.71M | 36.35M | 34.30M |
| Accounts Receivable | 325.00K | 325.00K | 221.27K | 2.70M | 5.80M | |
| Other Receivables | 8.93M | 13.12M | 16.39M | |||
| Receivables | 325.00K | 325.00K | 9.16M | 15.82M | 22.43M | |
| Inventory | 134.00K | 134.00K | ||||
| Prepaid Expenses | 99.56K | 1.29M | 2.55M | |||
| Restricted Cash | 214.87K | 231.09K | ||||
| Other Current Assets | 375.00K | 375.00K | 12.94M | 290.80K | 2.75M | 23.43M |
| Total Current Assets | 1.81M | 1.81M | 12.94M | 15.26M | 56.43M | 82.94M |
| Property, Plant & Equipment | 111.00K | 111.00K | 13.02M | 15.06M | ||
| Long-Term Investments | 5.07M | 19.29M | ||||
| Goodwill | 3.76M | 3.76M | ||||
| Other Intangible Assets | 3.66M | 3.66M | 1.43M | 1.56M | ||
| Other Long-Term Assets | 9.00K | 9.00K | 1.23M | 705.13K | 724.93K | 971.57K |
| Total Assets | 9.35M | 9.35M | 14.17M | 15.96M | 76.68M | 119.83M |
| Accounts Payable | 137.00K | 137.00K | 701.89K | 3.29M | 3.37M | |
| Accrued Expenses | 546.00K | 546.00K | 61.00K | 838.96K | 3.57M | 3.27M |
| Short-Term Debt | 282.00K | 282.00K | 250.00K | 4.72K | ||
| Current Portion of Long-Term Debt | 16.38M | |||||
| Current Portion of Leases | 85.00K | 85.00K | ||||
| Current Income Taxes Payable | 83.00K | 83.00K | 2.66M | 5.29M | 4.86M | |
| Current Unearned Revenue | 434.96K | 472.25K | ||||
| Other Current Liabilities | 311.00K | 311.00K | 67.27M | 64.66M | 47.30M | 51.77M |
| Total Current Liabilities | 1.44M | 1.44M | 67.58M | 68.86M | 76.26M | 63.75M |
| Long-Term Debt | 1.80M | 1.80M | 34.33M | 63.04M | ||
| Long-Term Leases | 24.00K | 24.00K | ||||
| Long-Term Deferred Tax Liabilities | 358.12K | 235.02K | ||||
| Other Long-Term Liabilities | 727.00K | 674.24K | 1.57M | 3.04M | ||
| Total Liabilities | 3.27M | 3.27M | 68.30M | 69.54M | 112.51M | 130.07M |
| Common Stock | 80.00K | 80.00K | 70.00K | 69.95K | 39.87K | 43.29K |
| Additional Paid-In Capital | 371.95M | 371.95M | 303.53M | 287.20M | 289.80M | 313.62M |
| Retained Earnings | -370.18M | -370.18M | -368.86M | -353.06M | -350.41M | -350.51M |
| Comprehensive Income & Other | -364.00K | -364.00K | 9.22M | 10.38M | 2.27M | 1.44M |
| Total Common Equity | 1.49M | 1.49M | -56.04M | -55.42M | -58.29M | -35.41M |
| Minority Interest | 4.59M | 4.59M | 1.91M | 1.84M | 22.46M | 25.17M |
| Shareholders' Equity | 6.08M | 6.08M | -54.13M | -53.57M | -35.83M | -10.24M |
| Total Liabilities & Equity | 9.35M | 9.35M | 14.17M | 15.96M | 76.68M | 119.83M |
| Total Debt | 2.19M | 2.19M | 250.00K | 50.71M | 63.05M | |
| Net Cash (Debt) | -1.22M | -1.22M | -245.00K | 5.71M | -14.36M | -28.74M |
| Net Cash Per Share | -0.07 | -0.07 | -0.02 | 0.40 | -1.67 | -3.36 |
| Filing Date Shares Outstanding | 18.34M | 18.34M | 15.95M | 15.95M | 15.95M | 8.68M |
| Total Common Shares Outstanding | 18.34M | 18.34M | 15.95M | 15.95M | 8.68M | 8.57M |
| Working Capital | 364.00K | 364.00K | -54.63M | -53.60M | -19.83M | 19.20M |
| Book Value Per Share | 0.08 | 0.08 | -3.51 | -3.47 | -6.72 | -4.13 |
| Tangible Book Value | -5.93M | -5.93M | -56.04M | -55.42M | -59.72M | -36.96M |
| Tangible Book Value Per Share | -0.32 | -0.32 | -3.51 | -3.47 | -6.88 | -4.31 |
| Buildings | 13.45M | 14.60M | ||||
| Machinery | 1.78M | 2.01M | ||||
| Leasehold Improvements | 211.39K | 229.51K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.32M | -1.32M | -2.15M | -11.05M | -27.57M | -16.01M |
| Depreciation & Amortization | 215.00K | 215.00K | 806.70K | 1.95M | ||
| Loss (Gain) From Sale of Assets | 5.42M | 367.98K | 865.47K | |||
| Asset Writedown & Restructuring Costs | 487.36K | |||||
| Loss (Gain) From Sale of Investments | 12.56M | |||||
| Stock-Based Compensation | 14.00K | 14.00K | -972.00K | 657.37K | 597.08K | |
| Provision & Write-off of Bad Debts | 19.00K | 19.00K | 5.12M | -1.15M | ||
| Other Operating Activities | 517.00K | 517.00K | 1.83M | 5.35M | -1.08M | -825.80K |
| Change in Accounts Receivable | -29.00K | -29.00K | -20.00K | 2.24M | 1.65M | |
| Change in Inventory | 8.00K | 8.00K | ||||
| Change in Accounts Payable | 35.00K | 35.00K | 282.58K | 1.78M | ||
| Change in Income Taxes | 1.10M | 607.47K | ||||
| Change in Other Net Operating Assets | -363.00K | -363.00K | 53.00K | 415.00K | 3.99M | 4.99M |
| Operating Cash Flow | 146.00K | 146.00K | -2.07M | 1.22M | -1.52M | -5.07M |
| Capital Expenditures | -5.00K | -5.00K | -5.22K | -27.86K | ||
| Sale of Property, Plant & Equipment | 309.17K | |||||
| Cash Acquisitions | 152.00K | 152.00K | -15.74M | |||
| Divestitures | 17.11K | -264.62K | ||||
| Investment in Securities | 147.74K | |||||
| Other Investing Activities | -5.42M | -5.42M | -11.00K | 4.98M | 14.54M | 36.52K |
| Investing Cash Flow | -5.27M | -5.27M | -11.00K | 4.98M | 12.57M | -18.81M |
| Short-Term Debt Issued | 33.22M | |||||
| Long-Term Debt Issued | 1.55M | 1.55M | 254.00K | 2.75M | 74.30K | |
| Total Debt Issued | 1.55M | 1.55M | 254.00K | 35.98M | 74.30K | |
| Long-Term Debt Repaid | -40.32M | -44.37M | -20.91M | |||
| Total Debt Repaid | -40.32M | -44.37M | -20.91M | |||
| Net Debt Issued (Repaid) | 1.55M | 1.55M | 254.00K | -40.32M | -8.39M | -20.83M |
| Issuance of Common Stock | 4.00M | 157.00 | ||||
| Other Financing Activities | 630.00 | |||||
| Financing Cash Flow | 1.55M | 1.55M | 254.00K | -36.32M | -8.39M | -20.83M |
| Foreign Exchange Rate Adjustments | 144.00K | 144.00K | -203.00K | -618.00K | 1.91M | -2.14M |
| Net Cash Flow | -3.43M | -3.43M | -2.03M | -30.74M | 4.56M | -46.84M |
| Free Cash Flow | 141.00K | 141.00K | -2.07M | 1.22M | -1.53M | -5.09M |
| Free Cash Flow Margin | 8.82% | 8.82% | -14.15% | -18.68% | ||
| Free Cash Flow Per Share | 0.01 | 0.01 | -0.13 | 0.09 | -0.18 | -0.59 |
| Levered Free Cash Flow | -54.42M | -54.42M | -5.13M | 19.45M | 17.78M | 620.26K |
| Unlevered Free Cash Flow | -54.39M | -54.39M | -5.12M | 19.85M | 19.96M | 3.81M |
| Cash Interest Paid | 220.00K | 2.11M | 5.77M | |||
| Cash Income Tax Paid | 209.50K | 172.69K | ||||
| Change in Working Capital | -349.00K | -349.00K | 53.00K | 395.00K | 7.61M | 9.02M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 17.61M | 14.42M | 14.36M | 17.70M | 3.54M | 19.11M |
| Enterprise Value | 18.82M | 12.31M | 10.03M | 36.87M | 21.91M | 50.68M |
| Last Close Price | 0.91 | 0.91 | 0.90 | 1.11 | 0.41 | 2.20 |
| PS Ratio | 10.44 | 9.03 | 0.33 | 0.70 | ||
| PB Ratio | 11.20 | 2.37 | -0.27 | -0.33 | -0.10 | -1.87 |
| P/FCF Ratio | 118.37 | 102.29 | 14.57 | |||
| P/OCF Ratio | 114.31 | 98.79 | 14.57 | |||
| EV/Sales Ratio | 11.21 | 7.71 | 2.03 | 1.86 | ||
| EV/EBITDA Ratio | 60.16 | |||||
| EV/EBIT Ratio | 106.56 | |||||
| EV/FCF Ratio | 127.00 | 87.34 | 30.34 | |||
| Debt / Equity Ratio | 0.36 | 0.36 | -0.01 | -1.42 | -6.16 | |
| Debt / FCF Ratio | 15.54 | 15.54 | ||||
| Net Debt / Equity Ratio | 0.20 | 0.20 | -0.01 | 0.11 | -0.40 | -2.81 |
| Net Debt / EBITDA Ratio | -2.15 | -2.15 | -5.47 | -9.32 | -1.30 | -3.27 |
| Net Debt / FCF Ratio | 8.63 | 8.63 | -0.12 | -4.70 | -9.38 | -5.64 |
| Asset Turnover | 0.14 | 0.14 | 0.12 | 0.20 | ||
| Quick Ratio | 0.90 | 0.90 | 0.00 | 0.22 | 0.68 | 0.89 |
| Current Ratio | 1.25 | 1.25 | 0.19 | 0.22 | 0.74 | 1.30 |
| Return on Assets (ROA) | -4.01% | -4.01% | -1.26% | 0.48% | -7.90% | -4.90% |
| Return on Invested Capital (ROIC) | -41.84% | -24.61% | ||||
| Return on Capital Employed (ROCE) | -9.60% | -9.60% | 0.60% | -0.70% | -2,825.10% | -19.20% |
| Earnings Yield | -8.29% | -9.18% | -14.96% | -62.44% | -779.70% | -83.81% |
| FCF Yield | 0.84% | 0.98% | -14.43% | 6.86% | -43.27% | -26.66% |
| Buyback Yield / Dilution | -4.88% | -4.92% | -12.12% | -64.84% | -0.13% | -0.80% |