Jingbo Technology FY26 net loss widens to $6.71 million; revenue falls 27.96% to $1.54 million

SAVMOBI TECHNOLOGY INC

SAVMOBI TECHNOLOGY INC

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  • Jingbo Technology reported a net loss of $6.71 million, widening from $6.02 million a year earlier.
  • Revenue fell to $1.54 million from $2.14 million, led by lower parking fees after the Xiaoshan airport project ended.
  • Impairment for credit losses jumped to $2.71 million from $539,954, driven by higher bad-debt allowances on deposits.
  • Operating cash outflow increased to $2.14 million from $1.33 million, while cash and cash equivalents ended at $135,878.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jingbo Technology Inc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-033861), on July 20, 2026, and is solely responsible for the information contained therein.