| Summary of Segment Information |
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For the Years Ended |
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February 29, |
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February 28, |
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February 28, |
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2024 |
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2025 |
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2026 |
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RMB |
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RMB |
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RMB |
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USD |
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(Note 2) |
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Revenue |
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---Learning services |
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65,842 |
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108,047 |
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130,805 |
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19,074 |
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---Tourism services |
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51,880 |
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138,295 |
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118,365 |
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17,260 |
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---Others |
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7,723 |
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4,734 |
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5,274 |
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768 |
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Total revenue |
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125,445 |
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251,076 |
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254,444 |
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37,102 |
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Cost of revenue |
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---Learning services |
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(25,703 |
) |
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(62,279 |
) |
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(67,354 |
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(9,821 |
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---Tourism services |
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(48,189 |
) |
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(137,725 |
) |
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(117,626 |
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(17,152 |
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---Others |
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(6,059 |
) |
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(3,937 |
) |
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(3,811 |
) |
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(556 |
) |
Total cost of revenue(1) |
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(79,951 |
) |
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(203,941 |
) |
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(188,791 |
) |
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(27,529 |
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Reconciliation of profit or loss |
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General and administrative expenses |
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(44,337 |
) |
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(48,849 |
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(48,420 |
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(7,060 |
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Sales and marketing expenses |
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(6,753 |
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(14,025 |
) |
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(10,496 |
) |
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(1,530 |
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Impairment loss on other long-lived assets |
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(3,674 |
) |
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— |
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— |
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— |
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Operating loss |
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(9,270 |
) |
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(15,739 |
) |
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6,737 |
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983 |
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Subsidy income |
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728 |
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1,413 |
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191 |
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28 |
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Interest income, net |
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7,235 |
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16,200 |
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6,006 |
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876 |
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Realized gain (loss) in investments |
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3,207 |
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(3,062 |
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3,938 |
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574 |
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Unrealized holding gain in investments |
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3,910 |
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2,022 |
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2,438 |
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356 |
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Other (expense) income, net |
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(1,434 |
) |
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(739 |
) |
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381 |
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55 |
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Investment income |
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— |
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— |
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1,224 |
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177 |
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Gains from deregistration of subsidiaries |
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— |
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— |
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8,811 |
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1,284 |
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Impairment loss on long-term investments |
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(500 |
) |
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— |
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— |
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— |
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Income before income taxes |
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3,876 |
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95 |
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29,726 |
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4,333 |
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(1) A summary of depreciation and amortization expenses recorded in cost of revenue for the years presented is as follows:
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For the Years Ended |
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February 29, |
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February 28, |
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February 28, |
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2024 |
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2025 |
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2026 |
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RMB |
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RMB |
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RMB |
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USD |
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(Note 2) |
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Depreciation and amortization expenses |
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---Learning services |
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62 |
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165 |
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688 |
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100 |
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---Tourism services |
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2,059 |
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1,959 |
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4,755 |
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693 |
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---Others |
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46 |
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37 |
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182 |
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27 |
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