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Concentration
12 Months Ended
Feb. 29, 2024
Risks and Uncertainties [Abstract]  
Concentration

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 28, 2022, 2023 and February 29, 2024, the customers who accounted for 10% or more of total revenues are presented as follows:

 

 

For the Years Ended

 

 

February 28,

 

February 28,

 

 

February 29,

 

 

2022

 

2023

 

 

2024

 

 

RMB

 

%

 

RMB

 

 

%

 

 

RMB

 

USD

 

%

Customer A

 

 

 

 

7,381

 

 

 

22

%

 

*

 

*

 

*

Total

 

 

 

 

7,381

 

 

 

22

%

 

*

 

*

 

*

*Represented the percentage below 10%

As of February 28, 2023 and February 29, 2024, the customers who accounted for 10% or more of accounts receivable are presented as follows:

 

 

As of

 

 

 

February 28,

 

February 29,

 

 

 

2023

 

2024

 

 

 

RMB

 

%

 

RMB

 

 

USD

 

 

%

 

Customer B

 

 

 

 

927

 

 

 

129

 

 

 

29

%

Customer C

 

 

 

 

662

 

 

 

92

 

 

 

20

%

Customer D

 

 

 

 

387

 

 

 

54

 

 

 

12

%

Total

 

 

 

 

1,976

 

 

 

275

 

 

 

61

%

(b)Major suppliers:

For the years ended February 28, 2022, 2023 and February 29, 2024, there was no supplier accounting for 10% or more of the cost of revenues.