Jingbo Technology Revenue, Net Income & 10-K Summary

Overview

Jingbo Technology, Inc. is a Nevada holding company that operates primarily through Chinese Mainland subsidiaries and two consolidated variable interest entities (VIEs): Jingbo VIE and Guangzhou Keqiao VIE.
The company does not own equity in the VIEs. Control and economic benefits are achieved through a series of contractual arrangements (the VIE Agreements) with the VIEs and their shareholders.
The VIE Agreements grant Huixin WFOE and Keqiao WFOE rights and obligations equivalent to those of a principal equity holder, including control over assets, revenues, and operations. The contracts have not been tested in Chinese courts.
Jingbo consolidates the VIEs’ results under U.S. GAAP as the primary beneficiary.

Primary business: smart parking solutions and related digital ecosystem services.

Key offerings and capabilities:

Any-e Life platform: smart parking software and cloud platform supporting online space discovery, reservation, entry/exit, and payment.
Hardware and devices: smart parking gates, parking machines, Smart Cloud Box, geomagnetic sensors, and related components.
Platform architecture: SaaS cloud platform for project deployment, operation, and maintenance; interoperates with multiple license plate recognition (LPR) components.
End-to-end ecosystem: parking lot management, merchant ecosystem, and customer engagement (VIP programs and platform rewards).

Services and business models:

Contract-based parking lot operations (operating lots and earning parking fees).
Platform monetization via merchant onboarding, plugin services, and VIP/user incentives.
Hardware sales and platform software sales.
O2O (online-to-offline) platform operations and digital asset creation from platform users.
Franchise-based growth through regional partners, joint parking lots, platform merchants, and VIP users.

Primary geographic focus: Zhejiang region (including Shaoxing Keqiao) and other Chinese Mainland locations such as Tianjin and Hubei.
Representative installations: university campuses and hospitals, including Tianjin Xinhua International University, Fuyang People’s Hospital, Qilu University Hospital, Shanghai Tesco Supermarket, and Hubei Huanggang Central Hospital.

Onshore China operations are conducted through Huixin WFOE (Hangzhou) and Keqiao WFOE, which control the VIEs via contractual arrangements.
The VIEs own China-based operating entities (for example, Shaoxing Keqiao Zhuyi Technology Co., Ltd.) that run the core business.
The company consolidates VIE results in its financial statements under U.S. GAAP.

As of February 28, 2026:

Jingbo Technology, Inc. (holding company): 1 full-time employee
Zhejiang Jingbo Ecological Technology Co. and subsidiaries: 161 full-time employees
Shaoxing Keqiao Zhuyi Technology Co., Ltd. and subsidiaries: 2 full-time employees

The company plans to hire additional personnel on an as-needed basis, paid directly from revenues.

For the year ended February 28, 2026 (consolidated, including the company and VIEs):

Net revenues: 1,542,867
Cost of revenues: (1,641,866)
Gross loss: (98,999)
Total operating expenses: (6,470,583)
Operating loss: (6,569,582)
Total other income/expenses: (124,579)
Loss before taxes: (6,694,161)
Provision for income taxes: (11,961)
Net loss: (6,706,122)
Net loss attributable to VIE: (6,670,335)

For the year ended February 28, 2025 (consolidated, including the company and VIEs):

Net revenues: 2,141,654
Cost of revenues: (2,537,852)
Gross loss: (396,198)
Total operating expenses: (5,089,754)
Operating loss: (5,485,952)
Total other income/expenses: (523,059)
Loss before taxes: (6,009,011)
Provision for income taxes: (7,397)
Net loss: (6,016,408)
Net loss attributable to VIE: (5,992,730)

Shares outstanding: 555,315,412 issued and outstanding as of July 20, 2026.
Corporate history includes reorganization steps such as a 2022 share exchange that transferred Intelligence Parking’s ownership into the company and a 2024 reverse stock split (1-for-200) adjusting the share structure.

The business relies on the VIE contractual structure to control and consolidate the VIEs’ operations and financial results despite not owning equity in the VIEs.
The VIE contracts and the related regulatory environment create ongoing compliance and enforcement risks, since the agreements have not been tested in Chinese courts.
Revenue is generated through a mix of contract-based parking operations, platform monetization (merchant and VIP programs), and hardware/software sales within a cloud-based platform ecosystem.