Here are the 10-Q quarterly reports from Jingbo Technology Inc (SVMB) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SVMB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SVMB filings page.
Jingbo Technology, Inc. (SVMB) reported net revenues of $256,238 for the three months ended August 31, 2026, compared with $381,683 a year earlier; net loss narrowed to $512,734 from $786,328. For the six months ended August 31, 2026, net revenues were $538,200 versus $843,313, while net loss was $1,129,974 versus $1,195,199.
The company attributed lower parking-fee revenue mainly to termination of the Lishui People’s Hospital project. Winery sales were zero for the six-month period, compared with $47,584 a year earlier; the company attributed the decrease to declining winery-market demand.
As of August 31, 2026, total assets were $7,453,880 and total liabilities were $40,471,738; the working capital deficit was $10,357,588. Six-month operating cash use was $601,075, compared with $56,945 a year earlier. Management determined there is substantial doubt about the company’s ability to continue as a going concern.
Jingbo Technology, Inc. reported for the three months ended May 31, 2026 net revenues of $281,962, down from $461,630 a year earlier, almost entirely from parking-fee services. Gross profit was $89,520, and operating expenses of $687,207 led to an operating loss of $597,687 and a net loss of $617,240. Total comprehensive loss, including foreign currency translation, was $1,014,995.
As of May 31, 2026, total assets were $7,721,824 against total liabilities of $40,018,375, resulting in a stockholders’ deficit of $32,296,551. The company reported an accumulated deficit of $42,601,318 and a working capital deficit of $10,124,170. Management stated there is substantial doubt about the company’s ability to continue as a going concern. Operations used $305,680 of cash in the quarter, funded mainly by $390,595 of new borrowings.
The capital structure includes a $26,181,530 long-term payable and a restructured bank loan secured by PRC real estate, with stepped interest and potential default penalties. Operations are conducted largely through PRC variable interest entities under contractual control; management highlights legal and regulatory risks under the Foreign Investment Law of the PRC that could affect control of and economic benefits from these entities.
Jingbo Technology, Inc. reported continued losses and significant balance sheet pressure for the nine months ended November 30, 2025. Net revenues were $1.20 million, down from $1.49 million a year earlier, while the net loss narrowed to $2.01 million from $6.20 million. The business generated a modest operating cash outflow of $96,099.
The Company remains highly leveraged and in a deficit position. Total liabilities were $37.91 million against total assets of $12.24 million, resulting in a shareholders’ deficit of $25.67 million. Current liabilities exceeded current assets, creating a working capital deficit of $7.07 million as of November 30, 2025.
Management explicitly concludes there is substantial doubt about Jingbo’s ability to continue as a going concern and is relying on potential equity and debt financing and related-party support. The filing also details extensive use of variable interest entity structures in China, with contractual arrangements needed to control operating entities, and notes that regulatory changes or enforcement in the PRC could materially disrupt operations and consolidation of those VIEs.