Concentration

12 Months Ended

Feb. 28, 2025

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, 2023, February 29, 2024 and February 28, 2025, the customers who accounted for 10% or more of total revenues are presented as follows:

          
         For the Years Ended

          
         February 28,

         February 29,

         February 28,

Customer A

7,381

22

*

*

*

*

*

Total

7,381

22

*

*

*

*

*

*Represented the percentage below 10%

As of February 29, 2024 and February 28, 2025, the customers who accounted for 10% or more of accounts receivable are presented as follows:


	As of
	February 29,					February 28,
	2024					2025
	RMB		%			RMB		USD		%
Customer B		927		29	%	*		*		*
Customer C		662		20	%		—		—		—
Customer D		387		12	%	*		*		*
Customer E		—		—			438		60		22	%
Customer F	*		*				274		38		13	%
Total		1,976		61	%		712		98		35	%

*Represented the percentage below 10%

(b)Major suppliers:

For the years ended February 28, 2023, February 29, 2024 and February 28, 2025, the suppliers who accounted for 10% or more of total cost of revenues are presented as follows:


	For the Years Ended
	February 28,				February 29,		February 28,
	2023				2024		2025
	RMB		%		RMB	%	RMB		USD		%
Supplier G		—		—	*	*		33,845		4,647		17	%
Total		—		—	*	*		33,845		4,647		17	%

*Represented the percentage below 10%

As of February 29, 2024 and February 28, 2025, the suppliers who accounted for 10% or more of accounts payable are presented as follows:


	As of
	February 29,				February 28,
	2024				2025
	RMB		%		RMB		USD		%
Supplier G		—		—		2,136		293		57	%
Supplier H		—		—		796		109		21	%
Total		—		—		2,932		402		78	%