SVMBOTCServices-Prepackaged SoftwareUS GAAP · USD

Jingbo Technology, Inc.

Jingbo Technology, Inc. is a Nevada-incorporated holding company whose operating business is conducted in mainland China through subsidiaries and VIE contractual arrangements. Its core business is smart parking software and platform operations, including smart parking projects, mobile applications, cloud platform construction, and related IT/system development services.

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Revenue1.5m USD
−28.0 %y/y
Operating profit (EBIT)-6.6m USD
−19.8 %y/y
EBIT margin-425.8%
−169.6 ppy/y
Net income-6.7m USD
−11.3 %y/y
Free cash flow-2.3m USD
−53.4 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-7.5-5.0-2.50.02.55.0m USD2021: 0.01 m USD20212022: 3.6 m USD2022: EBIT -6.9 m USD20222023: 3.7 m USD2023: EBIT -6.7 m USD20232024: 1.6 m USD2024: EBIT -5.1 m USD20242025: 2.1 m USD2025: EBIT -5.5 m USD20252026: 1.5 m USD2026: EBIT -6.6 m USD20261.5-6.6
RevenueOperating profit (EBIT)
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Business

Share of revenue
Smart parking software and platform operations45 %

Core software platforms and applications used to manage parking access, operations, and user interaction.

Smart parking project implementation30 %

Project-based deployment work for parking systems, including installation and integration.

Cloud platform and digital infrastructure15 %

Cloud-based platform construction and related backend infrastructure for parking services.

IT maintenance and software development services10 %

Ongoing maintenance, system support, and custom software/system development work.

Customers

The company appears to sell primarily to parking operators, property owners, and local commercial or municipal users that need digital parking management tools. Its offerings also fit customers seeking integrated software, mobile access, and cloud-based control for parking operations in mainland China.

Parking operators

Buy smart parking software and platform tools to automate operations and improve utilization.

Property owners and developers

Buy smart parking project implementation and integration services for sites and facilities.

Municipal and local infrastructure users

Use parking management systems and mobile applications to improve traffic and parking control.

Enterprise IT and digital solution clients

Buy maintenance, software development, AI, and big data solutions tied to parking operations.

Strategy

The company’s strategy appears centered on expanding its smart parking software stack and broadening platform capabilities through mobile, cloud, AI, and big-data features. It also seems to rely on a VIE-based structure to maintain control of mainland China operations while building out adjacent IT and digital service capabilities.

Broaden smart parking platform capabilitiesMedium term

A wider product set can increase customer stickiness and support larger deployments.

Enhance digital and data-driven servicesMedium term

AI and big data features can improve functionality and create differentiation in parking operations.

Maintain compliant operating control in ChinaShort term

The business depends on VIE agreements to control PRC operating entities in a regulated sector.

Geography

Jingbo is economically exposed to mainland China, where its operating entities and VIEs are located and where its smart parking business is conducted. The U.S. parent is a holding company with no material operations, so the business depends on PRC operations, PRC regulatory approvals, and contractual control structures.

Risks

The most important company-specific risk is structural: Jingbo does not directly own some operating entities in China and depends on VIE contracts that may not fully protect control or economic rights. The business is also exposed to PRC regulatory risk, especially around telecommunications-related licensing, foreign ownership limits, and enforcement of contractual arrangements. As a small, China-based software and platform operator, it also faces execution risk, customer concentration risk, and the usual pressure from competition and technology change.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →VIE structure may fail to provide effective control1PRC regulatory and licensing risk2
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. VIE structure may fail to provide effective controlImpact: HighLikelihood: Medium

    The company relies on contractual arrangements rather than direct ownership of PRC operating entities.

    Exposure: Mainland China operating subsidiaries and VIEs

  2. PRC regulatory and licensing riskImpact: HighLikelihood: Medium

    Telecommunications-related businesses in China are subject to licensing and foreign ownership restrictions.

    Exposure: Operating entities in mainland China

  3. Execution risk in smart parking projectsImpact: Medium

    Project-based software and deployment work can be delayed or underperform if implementation is weak.

    Exposure: Smart parking projects and platform rollouts

  4. Small-company operating riskImpact: Medium

    Limited scale and resources can make customer acquisition, product development, and compliance harder.

    Exposure: Overall business

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Accounting

Judgemental items
VIE consolidation

The company includes VIEs and their subsidiaries in its financial statements as primary beneficiary.

Impact: Affects reported revenue, expenses, assets, liabilities, and loss attribution

Business combination accounting

Acquisitions are recorded using the acquisition method with fair-value measurements.

Impact: Can create goodwill and future impairment exposure

Going concern assessment

The financial statements are prepared on a going concern basis despite limited operating scale.

Impact: Signals financing and liquidity sensitivity

Management estimates and judgments

U.S. GAAP requires estimates that can materially change reported results.

Impact: Affects valuation, provisions, and comparability

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Last updated: 24/09/2026

Jingbo Technology, Inc. (OTC) – Services-Prepackaged Software | Financial Analysis – Clarifo