Document And Entity Information
Document And Entity Information | 6 Months Ended |
Feb. 28, 2022 | |
Document Information Line Items | |
Entity Registrant Name | Meta Data Limited |
Document Type | 6-K |
Current Fiscal Year End Date | --08-31 |
Amendment Flag | false |
Entity Central Index Key | 0001722380 |
Document Period End Date | Feb. 28, 2022 |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | Q2 |
Entity File Number | 001-38430 |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Balance Sheets ¥ in Thousands, $ in Thousands | Feb. 28, 2022 CNY (¥) | Feb. 28, 2022 USD ($) | Aug. 31, 2021 CNY (¥) |
Current Asset | |||
Cash | ¥ 186,230 | $ 29,457 | ¥ 29,626 |
Short-term investments | 6,763 | 1,070 | 81,575 |
Restricted cash | 355,017 | ||
Current assets from discontinued operations | 159,804 | 25,277 | |
Total current assets | 352,797 | 55,804 | 466,218 |
Prepayment to acquire a subsidiary | |||
Property, plant and equipment, net | 36,955 | ||
Non-current assets from discontinued operations | 14,678 | 2,322 | |
Total assets | 367,475 | 58,126 | 503,173 |
Liabilities and Equity | |||
Short-term loan | 628,174 | 99,360 | 498,574 |
Long-term loan, current portion | 513,432 | ||
Prepayments from customers | 2,787,686 | ||
Amounts due to related parties | 1,205 | ||
Income tax payable | 48,216 | ||
Accrued expenses and other current liabilities | 17,284 | 2,734 | 868,464 |
Current liabilities from discontinued operations | 4,828,109 | 763,676 | |
Total current liabilities | 5,473,567 | 865,770 | 4,717,577 |
Long-term bank loan | 135,000 | ||
Convertible loan | 226,114 | ||
Other non-current liabilities | 45,727 | ||
Non-current liabilities from discontinued operations | 154,798 | 24,485 | |
Total liabilities | 5,628,365 | 890,255 | 5,124,418 |
Commitments and contingencies | |||
Equity | |||
Ordinary shares | 92 | 15 | 42 |
Additional paid-in capital | 5,799,290 | 917,290 | 5,337,962 |
Treasury stock | (344) | ||
Statutory reserve | 16,427 | 2,598 | 16,427 |
Retained earnings-Accumulated Deficit | (11,147,275) | (1,763,196) | (10,078,429) |
Accumulated other comprehensive income | 106,159 | 16,792 | 92,693 |
Total Meta Data Limited’s Equity | (5,225,307) | (826,501) | (4,631,649) |
Noncontrolling interests | (35,583) | (5,628) | 10,404 |
Total equity | (5,260,890) | (832,129) | (4,621,245) |
Total liabilities and equity | 367,475 | 58,126 | 503,173 |
Class A Ordinary Shares | |||
Equity | |||
Ordinary shares | 76 | 12 | 26 |
Class B Ordinary Shares | |||
Equity | |||
Ordinary shares | ¥ 16 | $ 3 | ¥ 16 |
Unaudited Condensed Consolida_2
Unaudited Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares | Feb. 28, 2022 | Aug. 31, 2021 |
Class A Ordinary Shares | ||
Ordinary shares, par value (in Dollars per share and Yuan Renminbi per share) | $ 0.000001 | |
Ordinary shares, shares authorized | 37,703,157,984 | 37,703,157,984 |
Ordinary shares, shares issued | 4,321,229,545 | 4,321,229,545 |
Ordinary shares, shares outstanding | 4,321,229,545 | 4,321,229,545 |
Class B Ordinary Shares | ||
Ordinary shares, par value (in Dollars per share and Yuan Renminbi per share) | $ 0.000001 | |
Ordinary shares, shares issued | 2,290,430,016 | 2,290,430,016 |
Ordinary shares, shares outstanding | 2,290,430,016 | 2,290,430,016 |
Unaudited Condensed Consolida_3
Unaudited Condensed Consolidated Statement of Operations ¥ in Thousands, $ in Thousands | 6 Months Ended | ||
Feb. 28, 2022 CNY (¥) | Feb. 28, 2022 USD ($) | Feb. 28, 2021 CNY (¥) | |
Income Statement [Abstract] | |||
Net revenues | ¥ 1,616,435 | ||
Cost of revenues | (1,018,954) | ||
Gross profit | 597,481 | ||
Operating expenses | |||
Selling and marketing | (459,742) | ||
General and administrative | (360,910) | (57,086) | (411,624) |
Total operating expenses | (360,910) | (57,086) | (871,366) |
Operating loss | (360,910) | (57,086) | (273,885) |
Interest income | 7 | 1 | 3,976 |
Interest expense | (11,032) | (1,745) | (53,543) |
Other income | 30,370 | ||
Other expense | (42,219) | ||
Foreign exchange gain/(loss) | (19) | (3) | 1,548 |
Loss before income tax provision | (371,954) | (58,833) | (333,753) |
Income tax benefit | 19,336 | ||
Loss before share of net loss from equity investees | (371,954) | (58,833) | (314,417) |
Shared net loss from operating interest | (33,578) | ||
Loss from Continuing operations | (371,954) | (58,833) | (347,995) |
Discontinued Operations | |||
Loss from discontinued operations | (742,879) | (116,218) | |
NET LOSS | (1,114,833) | (175,051) | (347,995) |
Add: Net loss attributable to non-controlling interests | (45,987) | (7,273) | (16,445) |
Net loss attributable to common shareholders of Meta Data Limited | ¥ (1,068,846) | $ (167,778) | ¥ (331,550) |
Unaudited Condensed Consolida_4
Unaudited Condensed Consolidated Statement of Comprehensive Income/(Loss) ¥ in Thousands, $ in Thousands | 6 Months Ended | ||
Feb. 28, 2022 CNY (¥) | Feb. 28, 2022 USD ($) | Feb. 28, 2021 CNY (¥) | |
Statement of Comprehensive Income [Abstract] | |||
Net loss | ¥ (371,954) | $ (58,833) | ¥ (347,995) |
Other comprehensive income, net of tax | |||
Foreign currency translation adjustment | 13,466 | 2,455 | (10,119) |
Unrealized gain on available-for-sale investment, net of tax effect of nil, nil and nil for years ended August 31, 2015 and 2016, respectively | 6,236 | ||
Other comprehensive (loss) / income | |||
Comprehensive income | (358,488) | (56,378) | (351,878) |
Less: comprehensive loss attributable to non-controlling interests | 45,987 | 7,273 | 16,445 |
Comprehensive income attributable to Meta Data Limited | (312,501) | (49,105) | (335,433) |
Comprehensive loss attributable to Ordinary Shareholders | ¥ (312,501) | $ (49,105) | ¥ (335,433) |