The company manages raw material quality by directly controlling raw materials to avoid supplier delays. To finance upfront raw material payments, it entered into a factoring agreement with Standard Chartered Bank (SCB Revolving Facility) on July 14, 2017, selling accounts receivable with a limit of HKD 28,000,000. Under this agreement, the bank prepays approximately 90% of accounts receivable, while the company retains the default risk and indemnifies the bank for any losses. As of September 30, 2025, the company had HKD 21,920,779 in factoring arrangements at interest rates between 6.7% and 7.3%. As of September 30, 2024, the factoring balance was HKD 22,675,250 with interest rates ranging from 7.3% to 8.0%. The high interest rates and limited unutilized credit under this facility constrain the company’s cash flow and business growth, impacting its ability to finance raw material payments for new orders.
Jm Group Limited's Comment on Supply Chain
The company manages raw material quality by directly controlling raw materials to avoid supplier delays. To finance upfront raw material payments, it entered into a factoring agreement with Standard Chartered Bank (SCB Revolving Facility) on July 14, 2017, selling accounts receivable with a limit of HKD 28,000,000. Under this agreement, the bank prepays approximately 90% of accounts receivable, while the company retains the default risk and indemnifies the bank for any losses. As of September 30, 2025, the company had HKD 21,920,779 in factoring arrangements at interest rates between 6.7% and 7.3%. As of September 30, 2024, the factoring balance was HKD 22,675,250 with interest rates ranging from 7.3% to 8.0%. The high interest rates and limited unutilized credit under this facility constrain the company’s cash flow and business growth, impacting its ability to finance raw material payments for new orders.
Sources:
Jm Group Limited's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
For your research, we’ve provided nine additional tables on Jm Group Limited’s suppliers.
You can find them in the navigation menu under Suppliers.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
