Jingbo Technology Files 10-Q for Q2 FY2025

TL;DR

Jingbo Tech 10-Q filed. Q2 FY25 numbers out.

AI Summary

Jingbo Technology, Inc. filed its 10-Q for the period ending August 31, 2024. The filing covers the second quarter of fiscal year 2025. The company, formerly known as SavMobi Technology Inc., is incorporated in Nevada and operates in the prepackaged software sector. Its principal business address is in Hangzhou, Zhejiang, China.

Why It Matters

This filing provides investors with an update on Jingbo Technology's financial performance and operational status for the second quarter of its fiscal year 2025.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the company's specific financial details and operational risks are not fully detailed in the provided header information.

Key Numbers

• 20240831 — Reporting Period End (The end date for the financial reporting period covered by this 10-Q.)
• 20241011 — Filing Date (The date the 10-Q was officially filed with the SEC.)
• 000-56570 — SEC File Number (The SEC's file number assigned to Jingbo Technology, Inc.)

Key Players & Entities

• Jingbo Technology, Inc. (company) — Filer
• SavMobi Technology Inc. (company) — Former Company Name
• 20240831 (date) — Reporting Period End Date
• 20241011 (date) — Filing Date
• Hangzhou, Zhejiang (location) — Business Address City and State

FAQ

Key Financial Figures

• $0.001 — nge On Which Registered Common Stock, $0.001 par value per share N/A Indicate by

Filing Documents

• form10-q.htm (10-Q) — 1009KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• form10-q_01.jpg (GRAPHIC) — 144KB
• 0001493152-24-040937.txt ( ) — 6830KB
• svmb-20240831.xsd (EX-101.SCH) — 58KB
• svmb-20240831_cal.xml (EX-101.CAL) — 85KB
• svmb-20240831_def.xml (EX-101.DEF) — 192KB
• svmb-20240831_lab.xml (EX-101.LAB) — 375KB
• svmb-20240831_pre.xml (EX-101.PRE) — 309KB
• form10-q_htm.xml (XML) — 1138KB

- FINANCIAL INFORMATION

PART I. - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the Three and Six Months Ended August 31, 2024 and 2023 (unaudited) 4 Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three and Six Months Ended August 31, 2024 and 2023 (unaudited) 5 Condensed Consolidated Statements of Cash Flows for the Six Months Ended August 31, 2024 and 2023 (unaudited) 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 30 Item 4.

Controls and Procedures

Controls and Procedures 30

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 31 Item 1A

Risk Factors

Risk Factors 31 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31 Item 3. Defaults Upon Senior Securities 31 Item 4. Mine Safety Disclosures 31 Item 5. Other Information 31 Item 6. Exhibits 31

SIGNATURES

SIGNATURES 32 2 PART I. - FINANCIAL INFORMATION Item 1. Financial Statements. Jingbo Technology, Inc. Condensed Consolidated Balance Sheets August 31, 2024 (Unaudited) February 29, 2024 (Audited) $ $ Assets Current assets Cash and cash equivalents 1,279,035 142,434 Restricted cash 7,121 6,071 Accounts receivable 382,484 500,564 Inventories 135,799 203,752 Amount due from related parties 16,000 110,173 Prepaid expenses and other current assets 3,609,839 3,292,994 Total current assets 5,430,278 4,255,988 Non-current assets Plant and equipment, net 5,936,504 6,000,826 Intangible assets, net 10,742 13,867 Right-of-use assets 113,370 85,541 Other non-current assets 1,695,201 2,510,438 Total non-current assets 7,755,817 8,610,672 Total Assets 13,186,095 12,866,660 Liabilities and Stockholders' (Deficit) Equity Current liabilities Short-term Loan 1,410,437 1,389,333 Accounts payables 826,389 643,192 Advances from customers 120,733 38,168 Other current payables 6,858,253 2,464,304 Taxes payable 48,883 60,639 Amounts due to related parties 24,326,107 23,959,944 Operating lease liabilities, current 45,868 80,165 Total current liabilities 33,636,670 28,635,745 Non-current liabilities Operating lease liabilities 69,544 15,496 Long term payable 987,306 2,917,599 Total non-current liabilities 1,056,850 2,933,095 Total Liabilities 34,693,520 31,568,840 Stockholders' (Deficit) Equity Common stock ($ 0.001 par value, 50,000,000 shares authorized, 5,315,412 shares issued and outstanding as of August 31, 2024 and February 29, 2024, respectively) 5,315 5,315 Additional paid-in capital 9,530,921 9,530,921 Accumulated deficit ( 32,931,974 ) ( 29,311,229 ) Accumulated other comprehensive income 2,091,244 2,109,066 Non-controlling interest ( 202,931 ) ( 1,036,253 ) Total (Deficit) Equity ( 21,507,425 ) ( 18,702,180 ) Total Liabili

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