v3.26.1
CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Feb. 28, 2026
USD ($)
Feb. 28, 2026
CNY (¥)
Feb. 28, 2025
CNY (¥)
Current assets      
Cash and cash equivalents $ 19,858 ¥ 136,181 ¥ 210,771
Restricted cash, current     496
Accounts receivable, net of allowance for credit losses of nil and nil as of February 28, 2025 and 2026, respectively 463 3,176 2,048
Other receivables, deposits and other assets, net of allowance for credit losses of RMB3,652 and RMB3,784 as of February 28, 2025 and 2026, respectively 2,390 16,394 24,890
Amounts due from related parties, net 202 1,383 3,331
Short-term investments 0 0 13,905
Short-term investments under fair value 12,869 88,256 37,953
Long-term investments under fair value, current 1,014 6,952 3,584
Total current assets 36,796 252,342 296,978
Non-current assets      
Restricted cash, non-current 19,009 130,363 128,028
Property and equipment, net 17,582 120,574 125,228
Operating lease right-of-use assets 5,870 40,254 40,185
Intangible assets, net 326 2,235 1,434
Goodwill 164 1,125 1,125
Long-term investments, net 6,562 45,000 36,000
Long-term investments under fair value, non-current 20,981 143,886 99,571
Other non-current assets 545 3,718 2,593
Total non-current assets 71,039 487,155 434,164
TOTAL ASSETS 107,835 739,497 731,142
Current liabilities      
Accounts payable 439 3,014 3,746
Amounts due to related parties 730 5,009 5,256
Accrued expenses and other current liabilities 8,812 60,384 71,888
Operating lease liabilities, current 1,391 9,539 7,895
Income tax payable 2,825 19,376 18,859
Deferred revenue 4,394 30,134 27,941
Long-term borrowings, current 1,312 9,000  
Total current liabilities 19,903 136,456 135,585
Non-current liabilities      
Long-term borrowings 11,811 81,000 82,134
Operating lease liabilities, non-current 1,058 7,259 8,270
Total non-current liabilities 12,869 88,259 90,404
TOTAL LIABILITIES 32,772 224,715 225,989
Commitments and contingencies
EQUITY      
Ordinary shares (US$0.0001 par value; 500,000,000 shares authorized, 22,600,576 and 22,614,376 shares issued and outstanding as of February 28, 2025 and 2026, respectively) 2 15 15
Additional paid-in capital 109,232 749,105 747,376
Treasury shares (2,363,567 and 2,363,567 shares as of February 28, 2025 and 2026, respectively) (6,579) (45,115) (45,115)
Accumulated deficit (35,835) (245,751) (276,538)
Accumulated other comprehensive income 2,242 15,375 28,873
Shareholders’ equity 69,062 473,629 454,611
Non-controlling interests 6,001 41,153 50,542
Total equity 75,063 514,782 505,153
TOTAL LIABILITIES AND EQUITY $ 107,835 ¥ 739,497 ¥ 731,142