Jingbo Technology Reports Revenue Decline and Increased Net Losses for Three and Nine Months Ended November 30, 2025

Jingbo Technology, Inc. reported its financial results for the three and nine months ended November 30, 2025, revealing a significant decline in revenue and an increase in net losses compared to the same periods in the previous year. For the three months ended November 30, 2025, the company generated net revenues of $358,111, a decrease of 54% from $784,206 in the same quarter of 2024. The nine-month revenue also fell to $1,201,424 from $1,488,982, marking a 19% decline. The company attributed this drop primarily to the termination of the Xiaoshan Airport project, which had previously contributed to its parking fee revenues.

Despite the decrease in revenue, Jingbo Technology reported a gross income of $57,377 for the three months ended November 30, 2025, compared to a gross loss of $57,233 in the same quarter of 2024. For the nine-month period, gross income improved to $249,877 from a gross loss of $562,329. The company’s operating expenses increased, with selling and marketing expenses rising to $120,862 from $9,992 year-over-year, and general and administrative expenses increasing to $693,444 from $588,216. The net loss for the three months was $815,416, up from $726,432, while the nine-month net loss decreased to $2,010,615 from $6,203,946, reflecting a reduction in overall losses.

Operationally, Jingbo Technology's total assets as of November 30, 2025, were reported at $12,241,667, a slight increase from $12,222,816 as of February 28, 2025. However, total liabilities rose significantly to $37,913,700 from $35,231,324, driven by an increase in both current and non-current liabilities. The company’s working capital deficit also widened to $7,074,016, raising concerns about its liquidity and ability to continue as a going concern. Management has indicated that they are exploring equity financing and other sources of funding to address these challenges.

In terms of strategic developments, Jingbo Technology has undergone significant organizational changes, including the acquisition of Intellegence Parking Group Limited, which has allowed the company to expand its operations in the smart parking sector. The company has also incorporated several subsidiaries focused on technology and service innovations in parking management. As of November 30, 2025, the company had a total employee headcount of 555,315, unchanged from the previous period.

Looking ahead, Jingbo Technology's management has expressed concerns regarding its ability to sustain operations without additional financing. The company plans to implement strategies to grow its business and control operating costs, but there is no assurance that these efforts will be successful. The management has acknowledged the substantial doubt about the company's ability to continue as a going concern, emphasizing the need for immediate financial support and strategic planning to navigate the current market conditions.