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Discontinued Operations (Details) - Schedule of Discontinued Operations in the Consolidated Balance Sheets - Discontinued Operations [Member]
¥ in Thousands
Aug. 31, 2023
CNY (¥)
Current assets  
Cash and cash equivalents ¥ 127,239
Restricted cash 18,740
Accounts receivable, net of allowance RMB 109 5,409
Amounts due from related parties, net of allowance of RMB 60 4,977
Other receivables, deposits and other assets, net of allowance of RMB 103 31,872
Inventories 4,297
Total current assets 192,534
Restricted cash - non current 1,400
Property and equipment, net 24,219 [1]
Intangible assets, net 33,055 [2]
Goodwill, net 218,070
Long-term investments, net 3,338
Deferred tax assets, net 166
Operating lease right-of-use assets – non current 59,438
Other non-current assets, net of allowance of RMB 109 5,824
Total non-current assets 345,510
TOTAL ASSETS 538,044
Current liabilities  
Accounts payable 10,712
Amounts due to related parties 67,192
Accrued expenses and other current liabilities 46,637
Income tax payable 10,907
Contract liabilities 113,066
Refund liabilities 7,443
Operating lease liabilities – current 20,542
Total current liabilities 276,499
Non-current portion of contract liabilities 1,145
Deferred tax liabilities, net 7,338
Operating lease liabilities – non current 61,987
Total non-current liabilities 70,470
TOTAL LIABILITIES ¥ 346,969
[1] For the years ended August 31, 2022, 2023 and 2024, depreciation expenses were RMB 2,679, RMB 5,405 and RMB 2,978, respectively.
[2] Intangible assets consist of trademarks and brand names, core curriculum and non-compete agreements, with amortaizion periods of 10 years, 10 years and 6-8 years, respectively. For the years ended August 31, 2022, 2023 and 2024, amortization expenses for the intangible assets were RMB 12,622, RMB 10,575 and RMB 7,128, respectively.