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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Feb. 28, 2023
CNY (¥)
Feb. 28, 2023
USD ($)
Feb. 28, 2022
CNY (¥)
Feb. 28, 2021
CNY (¥)
Cash flows from operating activities        
Net loss for the year ¥ (33,488) $ (4,830) ¥ (118,732) ¥ (27,886)
Adjustments to reconcile net cash flows from operating activities:        
Share-based compensation 3,168 457 9,002 27,513
Provision for credit losses 1,438 207 6,881  
Depreciation of property and equipment 2,802 404 8,458 13,754
Noncash lease expenses 2,960 427 39,476 54,466
Loss of disposal of property and equipment 315 45 954 416
Loss from property and equipment impairment 0   7,871 0
Amortization of intangible assets 789 114 1,719 1,949
Loss from intangible assets impairment 0   2,255 0
Loss from equity method investments, net of taxes     36,750 3,852
Loss from goodwill impairment 0   42,307 0
Fair value change of investments 1,927 278 1,106 (2,148)
Gain from disposal of liabilities and a subsidiary     (4,048) (2,087)
Loss from deregistration of subsidiaries 458 66    
Deferred income taxes 118 17 14,436 (3,271)
Changes in operating assets and liabilities and other, net:        
Accounts receivable 1,150 166 (1,677) 1,008
Amounts due from related parties (8,231) (1,187) (332) (515)
Other receivables, deposits and other assets 3,873 558 (11,920) 8,091
Other non-current assets 3,047 440 (1,737) (91)
Changes in operating lease liabilities (2,059) (297) (59,801) (57,938)
Amounts due to related parties 584 84 396 587
Accrued expenses and other current liabilities (7,570) (1,092) (3,148) 11,912
Income tax payable 2,449 353 4,577 (2,159)
Deferred revenue 777 112 (66,114) 3,671
Net cash provided by (used in) operating activities (25,493) (3,678) (91,321) 31,124
Cash flows from investing activities        
Purchases of property and equipment (8,659) (1,249) (9,876) (10,441)
Purchases of intangible assets     (120)  
Acquisition of businesses, net of cash acquired     (422) 854
Payments to long-term investments (13,500) (1,947) (14,000) (44,481)
Purchases of short-term investments (29,349) (4,234) (89,544) (31,000)
Purchases of short-term investments under fair value (175,849) (25,365)    
Purchases of long-term investments under fair value (145,910) (21,047)   (175,820)
Proceeds from maturity of investments 276,565 39,894 128,136 192,884
Loans to related parties     (588)  
VIE consolidation     100  
Disposal of liabilities     (7,500)  
Disposal of a subsidiary     (1,889)  
Net cash (used in) provided by investing activities (96,702) (13,948) 4,297 (68,004)
Cash flows from financing activities        
Contribution from non-controlling interests     3,630 90
Proceeds from related parties loans       100
Repayment on related parties loans (600) (87) (508)  
Net proceeds from options exercised       8
Repurchase of ordinary shares (238) (34) (27,795)  
Dividends paid to non-controlling interests     (882)  
Net cash provided by (used in) financing activities (838) (121) (25,555) 198
Effect of foreign exchange rate changes 27,389 3,950 (3,932) (16,460)
Net decrease in cash, cash equivalents and restricted cash (95,644) (13,797) (116,511) (53,142)
Cash, cash equivalents and restricted cash at beginning of the year 272,702 39,337 389,213 442,355
Cash, cash equivalents and restricted cash at end of the year 177,058 25,540 272,702 389,213
Reconciliation in amounts on consolidated balance sheets:        
Cash and cash equivalents 175,696 25,344 262,429 378,358
Restricted cash 1,362 196 10,273 10,855
Cash, cash equivalents and restricted cash at end of the year 177,058 25,540 272,702 389,213
Supplemental disclosure of cash flow information:        
Income taxes paid 156 23 3,315 10,189
Cash paid for amounts included in measurement of lease liabilities 4,516 651 39,013 59,547
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 2,491 359 30,259 51,434
Supplemental schedule of non-cash investing and financing activities:        
Purchases of property and equipment included in payable ¥ 120 $ 17 ¥ 326 302
Non-cash contribution from non-controlling interests       ¥ 11,686