Jerash Holdings Inc 2026年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedDecember 31, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number:001-38474 Jerash Holdings (US), Inc.(Exact name of registrant as specified in its charter) 81-4701719 277 Fairfield Road,Suite 338Fairfield,New Jersey07004(Address of principal executive offices) (Zip Code) (201)285-7973(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: TheNasdaqStock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of February 10, 2026, there were 12,699,940 shares of common stock, par value $0.001 per share, outstanding. Jerash Holdings (US), Inc. Form 10-Q For the Quarterly Period Ended December 31, 2025 Contents Part IFinancial Information1Item 1Financial Statements1Condensed Consolidated Balance Sheets as of December 31, 2025 (Unaudited) and March 31, 20251Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for theThree and Nine Months Ended December 31, 2025 and 20242Unaudited Condensed Consolidated Statements of Changes in Equity for the Three and Nine Months EndedDecember 31, 2025 and 20243Unaudited Condensed Consolidated Statements of Cash Flows for the Nine Months Ended December 31,2025 and 20245Notes to Unaudited Condensed Consolidated Financial Statements6Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations24Item 3Quantitative and Qualitative Disclosures about Market Risk32Item 4Controls and Procedures33Part IIOther Information34Item 1Legal Proceedings34Item 1ARisk Factors34Item 2Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities34Item 3Defaults Upon Senior Securities34Item 4Mine Safety Disclosures34Item 5Other Information34Item 6Exhibits35Signatures36 JERASH HOLDINGS (US), INC. PART I - FINANCIAL INFORMATION ASSETS JERASH HOLDINGS (US), INC.,AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITYFOR THE NINE MONTHS ENDED DECEMBER 31, 2025 AND 2024 FOR THE THREE MONTHS ENDED DECEMBER 31, 2025 AND 2024 (UNAUDITED) JERASH HOLDINGS (US), INC.,AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) JERASH HOLDINGS (US), INC. AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATEDFINANCIAL STATEMENTS NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Jerash Holdings (US), Inc. (“Jerash Holdings”) was incorporated under the laws of the State of Delaware on January 20, 2016. JerashHoldings is a holding company with no operations. Jerash Holdings and its subsidiaries are herein collectively referred to as the“Company.” Jerash Garments and Fashions Manufacturing Company Limited (“Jerash Garments”) is a wholly owned subsidiary of Jerash Holdingsand was established in Amman, the Hashemite Kingdom of Jordan (“Jordan”), as a limited liability company on November 26, 2000with a declared capital of 150,000 Jordanian Dinar (“JOD”) (approximately US$212,000). Jerash for Industrial Embroidery Company (“Jerash Embroidery”) and Chinese Garments and Fashions Manufacturing CompanyLimited (“Chinese Garments”) were both established in Amman, Jordan, as limited liability companies on March 11, 2013 and June13, 2013, respectively, each with a declared capital of JOD 50,000 (approximately US$71,000). Jerash Embroidery and ChineseGarments are wholly owned subsidiaries of Jerash Garments. Al-Mutafaweq Co. for Garments Manufacturing Ltd. (“Paramount”) is a contract garment manufa