Concentration

12 Months Ended

Feb. 28, 2026

17. CONCENTRATION

Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and cash equivalents, accounts receivable, other receivables, deposits and other assets, short-term investments, short-term investments under fair value and long-term investments under fair value. The Group places its cash and cash equivalents and investments with financial institutions with high-credit ratings. The Group conducts credit evaluations of its customers and suppliers, and generally does not require collateral or other security from them. The Group evaluates its collection experience and long outstanding balances to determine the need for an allowance for doubtful accounts.

The Group evaluates its concentrations of the continuing operations are as follows:

(a) Major customers:

For the years ended February 29, 2024, February 28, 2025 and 2026, no customers accounted for 10% or more of total revenues.

As of February 28, 2025 and 2026, the customers who accounted for 10% or more of accounts receivable are presented as follows:


	As of
	February 28,					February 28,
	2025					2026
	RMB		%			RMB		USD		%
Customer A	*		*				611		89		20	%
Customer B	*		*				457		67		14	%
Customer C	*		*				386		56		12	%
Customer D		438		22	%	*		*		*
Customer E		274		13	%	*		*		*
Total		712		35	%		1,454		212		46	%

*Represented the percentage below 10%

(b)Major suppliers:

For the years ended February 29, 2024, February 28, 2025 and 2026, the suppliers who accounted for 10% or more of total cost of revenues are presented as follows:


	For the Years Ended
	February 29,				February 28,					February 28,
	2024				2025					2026
	RMB		%		RMB		%			RMB		USD		%
Supplier G		—		—		33,845		17	%		33,694		4,913		18	%
Total		—		—		33,845		17	%		33,694		4,913		18	%

*Represented the percentage below 10%

As of February 28, 2025 and 2026, the suppliers who accounted for 10% or more of accounts payable are presented as follows:


	As of
	February 28,					February 28,
	2025					2026
	RMB		%			RMB		USD		%
Supplier G		2,136		57	%		945		138		31	%
Supplier H		796		21	%	*		*		*
Supplier I		—		—			844		123		28	%
Total		2,932		78	%		1,789		261		59	%

*Represented the percentage below 10%

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-3A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-2A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/275/tableOfContent

+ Details