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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Feb. 28, 2022
CNY (¥)
Feb. 28, 2022
USD ($)
Feb. 28, 2021
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 262,429 $ 41,600 ¥ 378,358
Accounts receivable and contract assets, net of allowance for credit losses of RMB215 as of both February 28, 2021 and 2022 2,037 323 360
Other receivables, deposits and other assets, net of allowance for credit losses of RMB5,052 as of both February 28, 2021 and 2022 11,979 1,899 10,566
Amounts due from related parties, net of allowance for credit losses of nil and RMB332 as of February 28, 2021and 2022, respectively 3,534 560  
Short-term investment 89,544 14,194 31,000
Long-term investments under fair value - current 156,459 24,802 96,558
Total current assets 525,982 83,378 516,842
Non-current assets      
Restricted cash 10,273 1,628 10,855
Property and equipment, net 8,643 1,370 15,804
Operating lease right-of-use assets 35,482 5,625 150,696
Intangible assets, net 3,265 518 7,118
Goodwill     36,967
Deferred tax assets 869 138 16,253
Long-term investments, net 14,000 2,219 36,784
Long-term investment under fair value - non-current     163,303
Other non-current assets 4,019 637 12,571
Total non-current assets 76,551 12,135 450,351
TOTAL ASSETS 602,533 95,513 967,193
Current liabilities      
Amounts due to related parties 883 140 1,495
Accrued expenses and other current liabilities 68,289 10,825 86,947
Operating lease liabilities - current 3,185 505 52,674
Income tax payable 14,722 2,334 10,630
Deferred revenue 6,492 1,029 75,242
Total current liabilities 93,571 14,833 226,988
Non-current liabilities      
Deferred tax liabilities 725 115 1,673
Operating lease liabilities - non-current 5,743 910 92,144
Total non-current liabilities 6,468 1,025 93,817
TOTAL LIABILITIES 100,039 15,858 320,805
Commitments and contingencies
EQUITY      
Ordinary shares (US$0.0001 par value; 500,000,000 shares authorized, 23,131,195 and 21,238,806 shares issued and outstanding as of both February 28, 2021 and 2022, respectively) 14 2 15
Additional paid-in capital 777,023 123,172 768,150
Treasury shares (970,788 and 2,863,117 shares as of February 28, 2021 and 2022, respectively) (55,693) (8,828) (27,899)
Accumulated deficit (252,634) (40,047) (138,290)
Accumulated other comprehensive loss (22,768) (3,609) (13,289)
Shareholders’ equity 445,942 70,690 588,687
Non-controlling interests 56,552 8,965 57,701
Total equity 502,494 79,655 646,388
TOTAL LIABILITIES AND EQUITY ¥ 602,533 $ 95,513 ¥ 967,193