v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Feb. 28, 2026
CNY (¥)
Feb. 28, 2026
USD ($)
Feb. 28, 2025
CNY (¥)
Feb. 29, 2024
CNY (¥)
Cash flows from operating activities        
Net income (loss) for the year ¥ 29,091 $ 4,240 ¥ (627) ¥ 2,775
Adjustments to reconcile net cash flows from operating activities:        
Share-based compensation 1,651 241 5,026 3,122
Provision for credit losses 2,235 326 0 0
Depreciation of property and equipment 6,242 910 3,617 3,735
Amortization of operating lease right-of-use assets 10,995 1,603 7,958 3,965
(Gain) loss of disposal of property and equipment (4) (1) 63 (424)
Loss from property and equipment impairment 0   0 3,674
Amortization of intangible assets 587 86 424 618
Loss from long-term investments impairment       500
Fair value changes of investments (2,438) (356) (2,022) (3,910)
Gains from deregistration of subsidiaries (8,811) (1,284) (394) (2,202)
Deferred income taxes       26
Changes in operating assets and liabilities and other, net:        
Accounts receivable (1,128) (164) 1,201 (289)
Amounts due from related parties 645 94 4,452 2,893
Other receivables, deposits and other assets 7,338 1,070 (10,538) (7,117)
Other non-current assets (1,125) (164) (1,365) (254)
Changes in operating lease liabilities (10,430) (1,521) (7,123) (3,167)
Amounts due to related parties 182 27 2,075 1,090
Accounts payables (732) (107) 3,746  
Accrued expenses and other current liabilities (6,979) (1,017) 2,924 142
Income tax payable 517 75 670 1,018
Deferred revenue 2,193 320 9,918 10,361
Net cash provided by operating activities 30,029 4,378 20,005 16,556
Cash flows from investing activities        
Purchases of property and equipment (6,252) (912) (57,250) (56,616)
Acquisition of businesses, net of cash acquired       71
Purchases of intangible assets (659) (96)    
Payments of long-term investments (9,000) (1,312)   (9,000)
Purchases of short-term investments     (27,689) (18,929)
Purchases of short-term investments under fair value (553,494) (80,709) (34,337) (103,145)
Purchases of long-term investments under fair value (140,244) (20,450) (85,645) (93,280)
Proceeds from maturity of investments 602,358 87,834 206,955 351,827
Loans to related parties (800) (117)   (4,763)
Collection of loans to related party   0 481 5,316
Proceeds from sales of property and equipment 10 1 10  
Net cash provided by (used in) investing activities (108,081) (15,761) 2,525 71,481
Cash flows from financing activities        
Capital contribution from non-controlling shareholders 1,289 188 490  
Return capital to non-controlling shareholder (171) (25)    
Proceeds from related parties loans       1,587
Repayment to related parties loans     (203) (160)
Net proceeds from option exercised 78 11 4,831  
Repurchase of ordinary shares       (159)
Dividends payment     (34,887)  
Proceeds from long-term borrowings 7,866 1,147 42,134 40,000
Capital contribution from shareholder     2  
Net cash provided by financing activities 9,062 1,321 12,367 41,268
Effect of foreign exchange rate changes (3,761) (546) 2,152 (4,117)
Net (decrease) increase in cash, and cash equivalents and restricted cash (72,751) (10,608) 37,049 125,188
Cash and cash equivalents, and restricted cash at beginning of the year 339,295 49,475 302,246 177,058
Cash and, cash equivalents and restricted cash at end of the year 266,544 38,867 339,295 302,246
Reconciliation in amounts on consolidated balance sheets:        
Cash and cash equivalents 136,181 19,858 210,771 180,198
Restricted cash, current     496  
Restricted cash, non-current 130,363   128,028 122,048
Cash and, cash equivalents and restricted cash at end of the year 266,544 38,867 339,295 302,246
Supplemental disclosure of cash flow information:        
Income taxes paid 226 33 53 57
Cash paid for amounts included in measurement of lease liabilities 11,128 1,623 7,396 3,034
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 12,915 1,883 20,908 1,846
Purchases of long-lived assets in accrued expenses and other current liabilities 181 26 4,396 ¥ 3,662
Dividends payable offset against receivables from shareholders     ¥ 1,711  
Offset between of due to related parties and other receivables 429 63    
ROU assets disposed as reduction of operating lease liabilities due to lease termination ¥ 1,851 $ 270