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Property and Equipment, Net
12 Months Ended
Feb. 28, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consisted of the followings:

 

 

As of

 

 

 

February 29,
2024

 

 

February 28,
2025

 

 

 

RMB

 

 

RMB

 

 

USD

 

Construction and buildings

 

 

 

 

 

116,070

 

 

 

15,938

 

Leasehold improvement

 

 

5,501

 

 

 

8,827

 

 

 

1,212

 

Motor vehicles

 

 

2,772

 

 

 

1,634

 

 

 

224

 

Electronic equipment

 

 

3,275

 

 

 

4,334

 

 

 

595

 

Office equipment & furniture

 

 

1,355

 

 

 

6,787

 

 

 

932

 

Construction in progress

 

 

63,859

 

 

 

471

 

 

 

65

 

Total

 

 

76,762

 

 

 

138,123

 

 

 

18,966

 

Less: accumulated depreciation

 

 

10,693

 

 

 

12,895

 

 

 

1,771

 

Property and equipment, net

 

 

66,069

 

 

 

125,228

 

 

 

17,195

 

 

The construction and buildings as of February 28, 2025, are mainly the study camps in Wuyuan, Jiangxi, which were mainly completed in July 2024 and November 2024.

For the years ended February 28, 2023, February 29, 2024 and February 28, 2025, depreciation expenses were RMB2,802, RMB3,735 and RMB3,617 (US$497), respectively.

The Group recorded impairment loss for property and equipment of nil, RMB3,674 and nil for the years ended February 28, 2023, February 29, 2024 and February 28, 2025, respectively. The impairment loss for the year ended February 29, 2024 arose as a result of the plan to cease the operation of several study camps.