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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Feb. 28, 2025
CNY (¥)
Feb. 28, 2025
USD ($)
Feb. 29, 2024
CNY (¥)
Feb. 28, 2023
CNY (¥)
Cash flows from operating activities        
Net (loss) income for the year ¥ (627) $ (85) ¥ 2,775 ¥ (33,488)
Adjustments to reconcile net cash flows from operating activities:        
Share-based compensation 5,026 690 3,122 3,168
Provision for credit losses       1,438
Depreciation of property and equipment 3,617 497 3,735 2,802
Amortization of operating lease right-of-use assets 7,958 1,093 3,965 2,960
Loss (gain) of disposal of property and equipment 63 9 (424) 315
Loss from property and equipment impairment 0   3,674 0
Amortization of intangible assets 424 58 618 789
Loss from long-term investments impairment     500  
Fair value changes of investments (2,022) (278) (3,910) 1,927
Loss (gain) from deregistration of subsidiaries (394) (54) (2,202) 458
Deferred income taxes     26 118
Changes in operating assets and liabilities and other, net:        
Accounts receivable 1,201 165 (289) 1,150
Amounts due from related parties 4,452 611 2,893 (8,231)
Other receivables, deposits and other assets (10,538) (1,447) (7,117) 3,873
Other non-current assets (1,365) (187) (254) 3,047
Changes in operating lease liabilities (7,123) (978) (3,167) (2,059)
Amounts due to related parties 2,075 285 1,090 584
Accounts payables 3,746 514    
Accrued expenses and other current liabilities 2,924 401 142 (7,570)
Income tax payable 670 92 1,018 2,449
Deferred revenue 9,918 1,362 10,361 777
Net cash (used in) provided by operating activities 20,005 2,748 16,556 (25,493)
Cash flows from investing activities        
Purchases of property and equipment (57,250) (7,861) (56,616) (8,659)
Acquisition of businesses, net of cash acquired     71  
Payments to long-term investments     (9,000) (13,500)
Purchases of short-term investments (27,689) (3,802) (18,929) (29,349)
Purchases of short-term investments under fair value (34,337) (4,715) (103,145) (175,849)
Purchases of long-term investments under fair value (85,645) (11,760) (93,280) (145,910)
Proceeds from maturity of investments 206,955 28,417 351,827 276,565
Loans to related parties     (4,763) (122)
Collection of loans to related party 481 66 5,316  
Proceeds from sales of property and equipment 10 1    
Net cash (used in) provided by investing activities 2,525 346 71,481 (96,702)
Cash flows from financing activities        
Contribution from non-controlling shareholders 490 67    
Proceeds from related parties loans     1,587  
Repayment to related parties loans (203) (28) (160) (600)
Repurchase of ordinary shares     (159) (238)
Net proceeds from option exercised 4,831 663    
Dividends payment (34,887) (4,790)    
Proceeds from long-term borrowings 42,134 5,785 40,000  
Capital contributions from shareholder 2      
Net cash (used in) provided by financing activities 12,367 1,697 41,268 (838)
Effect of foreign exchange rate changes 2,152 297 (4,117) 27,389
Net (decrease) increase in cash, and cash equivalents and restricted cash 37,049 5,088 125,188 (95,644)
Cash and cash equivalents, and restricted cash at beginning of the year 302,246 41,501 177,058 272,702
Cash and, cash equivalents and restricted cash at end of the year 339,295 46,589 302,246 177,058
Reconciliation in amounts on consolidated balance sheets:        
Cash and cash equivalents 210,771 28,941 180,198 175,696
Restricted cash, current 496      
Restricted cash, non-current 128,028   122,048 1,362
Cash and, cash equivalents and restricted cash at end of the year 339,295 46,589 302,246 177,058
Supplemental disclosure of cash flow information:        
Income taxes paid 53 7 57 156
Cash paid for amounts included in measurement of lease liabilities 7,396 1,016 3,034 4,516
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 20,908 2,871 1,846 2,491
Purchases of property and equipment included in payable 4,396 604 ¥ 3,662 ¥ 120
Dividends payable offset against receivables from shareholders ¥ 1,711 $ 235