Core Viewpoint - WiMi Hologram Cloud Inc. is advancing its research in image classification through the development of a shallow hybrid quantum-classical convolutional neural network (SHQCNN) model, which integrates innovative quantum computing techniques to enhance performance in this field [1][4]. Group 1: SHQCNN Model Development - The SHQCNN model utilizes an enhanced variational quantum method, optimizing traditional approaches to improve efficiency in image classification tasks [2]. - The model employs a kernel encoding method in the input layer, which enhances data distinction by mapping original image data from low-dimensional to high-dimensional feature space [3]. - Variational quantum circuits are designed in the hidden layer to reduce computational complexity while effectively extracting image features [3]. Group 2: Training and Optimization Techniques - The output layer of the SHQCNN model uses a mini-batch gradient descent algorithm, which improves parameter training speed and model adaptability to changes in training data [4]. - The integration of advanced technologies such as enhanced variational quantum methods, kernel encoding, variational quantum circuits, and mini-batch gradient descent contributes to the model's stability, accuracy, and generalization capabilities [4]. Group 3: Future Potential - The continuous development of quantum computing technology and the expansion of application scenarios suggest that the SHQCNN model will have significant potential across various fields beyond image classification [4].

Core Viewpoint - WiMi Hologram Cloud Inc. has developed a disruptive single-qubit quantum neural network technology that integrates quantum computing with artificial intelligence, addressing the limitations of traditional neural networks in multi-class classification tasks [1][4]. Group 1: Technology Development - The single-qubit quantum neural network technology (SQ-QNN) demonstrates the feasibility of high-dimensional quantum systems for efficient learning, providing a pathway for deep integration of quantum computing and AI [1][3]. - This technology addresses the challenges of training large neural networks, which often require billions of parameters and significant data center resources, leading to high power consumption and costs [2][3]. Group 2: Quantum Neural Network Advantages - Quantum Neural Networks (QNN) utilize qubits and quantum multi-level systems to represent high-dimensional data spaces, overcoming the resource limitations of classical computing [3]. - Compared to traditional deep learning, QNN can achieve complex mappings with shallow quantum circuits, enhancing model compactness and computational efficiency [3][4]. Group 3: Implementation Details - The SQ-QNN technology uses a single high-dimensional qudit to handle multi-class classification tasks, simplifying the model structure compared to classical neural networks [5][6]. - Each category corresponds to a dimension of the quantum system, and the classification process is executed through a high-dimensional unitary operator, reducing circuit depth and training overhead [6][8]. Group 4: Training Methodology - WiMi's technology incorporates a hybrid training method that combines extended activation functions with Support Vector Machine (SVM) optimization, enhancing the network's nonlinear representational capabilities [7][10]. - The training framework allows for efficient parameter optimization and quick convergence to global optimal solutions, effectively sharing the burden on quantum hardware [10][11]. Group 5: Company Overview - WiMi Hologram Cloud Inc. specializes in holographic cloud services, focusing on various applications such as in-vehicle AR holographic HUD, 3D holographic pulse LiDAR, and metaverse holographic technologies [12].

Core Viewpoint - WiMi Hologram Cloud Inc. is actively exploring Quantum Dilated Convolutional Neural Networks (QDCNN) technology, which aims to overcome the limitations of traditional convolutional neural networks (CNNs) in processing complex data and high-dimensional problems, potentially leading to advancements in various fields such as image recognition, data analysis, and intelligent prediction [1][3]. Group 1: Traditional CNN Limitations - Traditional CNNs face bottlenecks in computational efficiency and feature extraction capabilities due to the explosive growth of data volume and increasing problem complexity [2]. - The architecture of traditional CNNs includes convolutional layers, pooling layers, and fully connected layers, which automatically extract features from large datasets [2]. Group 2: Quantum Computing Integration - QDCNN technology integrates quantum computing advantages into traditional CNN architecture, utilizing quantum processors for certain computational operations, which significantly accelerates feature extraction [3][4]. - Quantum computing allows for parallel processing of multiple data states, enhancing the network's ability to capture complex relationships within the data [3][5]. Group 3: Enhanced Feature Extraction - QDCNN not only extracts features obtainable by traditional CNNs but also reveals hidden quantum-level feature information, improving generalization capabilities and reducing overfitting when encountering new data [5][6]. - The use of dilated convolution technology in QDCNN expands the receptive field of the convolution kernel, allowing for better contextual information acquisition without increasing parameters [4]. Group 4: Future Development and Applications - WiMi plans to optimize data transmission and task scheduling between quantum and classical computing to enhance overall operational efficiency [6]. - QDCNN technology is expected to find applications in various fields, including medical research for drug development, intelligent transportation for traffic prediction, and environmental protection for climate change analysis [7][8]. Group 5: Company Overview - WiMi Hologram Cloud Inc. focuses on holographic cloud services, covering areas such as in-vehicle AR holographic HUD, 3D holographic pulse LiDAR, and metaverse holographic AR/VR devices [9].

Exhibit 99.1 WIMI HOLOGRAM CLOUD INC. AND SUBSIDIARIES UNAUDTED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS | | December 31, | June 30, | June 30, | | --- | --- | --- | --- | | | 2024 | 2025 | 2025 | | | RMB | RMB | USD | | ASSETS CURRENT ASSETS | | | | | Cash and cash equivalents | 1,070,513,011 | 1,959,991,776 | 273,795,403 | | Short-term investments | 847,927,125 | 1,229,636,750 | 171,770,563 | | Accounts receivable, net | 23,714,517 | 23,518,435 | 3,285,340 | | Prepaid services fees | 53,331,115 | 54, ...

Group 1: Microsoft AI Developments - Microsoft has launched two self-developed AI models: MAI-Voice-1 and MAI-1-preview, marking a significant breakthrough in its AI research [1] - The MAI-Voice-1 model can generate up to one minute of audio content using a single GPU, showcasing its potential in various applications such as real-time news reporting and podcast-style conversations [1] - The MAI-1-preview model is currently in public testing on the LMArena platform and aims to enhance the capabilities of the Copilot assistant, reducing reliance on OpenAI's large language models [1] Group 2: Google DeepMind Innovations - Google DeepMind has introduced the Gemini 2.5 Flash image editing model, which can accurately modify images based on text instructions while maintaining consistency in the appearance of characters and animals [2] - Gemini 2.5 Flash has shown significant improvements in image modification accuracy compared to previous tools and even outperforms the GPT-4 model in several tasks [2][4] Group 3: Apple's AI Acquisition Interests - Apple executives are reportedly in discussions to acquire Mistral, the largest AI startup in Europe, which has raised substantial funding through multiple financing rounds [4] - A successful acquisition would significantly enhance Apple's capabilities and innovation in the AI sector [4] Group 4: WIMI's AI Innovations - WIMI has established a competitive edge in the AI field through an integrated "hardware + software + platform" approach, accelerating the implementation of AI algorithms [6] - The company focuses on combining multimodal large models with spatial computing technology, enabling the native integration of text, images, audio, and video [6] - WIMI is building an open-source ecosystem by providing model codes, computing interfaces, and technical toolchains, facilitating secondary development and commercial validation of vertical models [6]

Group 1 - The core viewpoint of the articles highlights WiMi Hologram Cloud's significant growth in net profit despite a decrease in total revenue, indicating a strong operational efficiency and profitability focus [1][2][3] - As of August 22, WiMi's stock price increased by 2.94% to $3.85 per share, with a total market capitalization of approximately $37.81 million [1] - Financial data shows that for the year ending December 31, 2024, WiMi's total revenue is projected to be 542 million RMB, a year-on-year decrease of 7.42%, while the net profit attributable to shareholders is expected to be 71.64 million RMB, reflecting a year-on-year increase of 117.01% [1] Group 2 - WiMi Hologram Cloud has made significant breakthroughs in various fields such as advertising, entertainment, education, and 5G communications, focusing on deep research and market application of holographic 3D computer vision [2] - The company aims to build a strong and open service platform that bridges the application of holographic technology and computer vision presentation, promoting cross-industry development [2] - WiMi's vision is to become the creator of the holographic ecosystem in China, emphasizing its commitment to advancing the industry [2]

Group 1 - The core viewpoint of the articles highlights WiMi Hologram Cloud's significant growth in net profit despite a decrease in total revenue, indicating a strong operational efficiency and potential for future profitability [1][2][3] - As of December 31, 2024, WiMi Hologram Cloud is projected to have a total revenue of 542 million RMB, representing a year-on-year decrease of 7.42%, while the net profit attributable to the parent company is expected to reach 71.64 million RMB, showing a year-on-year increase of 117.01% [1] - WiMi Hologram Cloud is recognized as one of the largest comprehensive technology solution providers in China's holographic cloud industry, focusing on various aspects of holographic AR technology, including AI synthesis, visual presentation, and software development [1][2] Group 2 - The company has made significant breakthroughs in various holographic application fields such as advertising, entertainment, education, and 5G communications, aiming for deep research and market application across all stages of holographic 3D computer vision [2] - WiMi Hologram Cloud is committed to building a strong and open service platform that bridges the application of holographic technology and computer vision presentation, promoting cross-industry development [2] - The company's vision is to become the creator of the holographic ecosystem in China, reflecting its ambition to lead in the holographic technology space [2]

Group 1 - The core viewpoint of the articles highlights WiMi Hologram Cloud's significant growth in net profit despite a decrease in total revenue, indicating a focus on profitability and operational efficiency [1][2]. - As of December 31, 2024, WiMi Hologram Cloud's total revenue is projected to be 542 million RMB, a year-on-year decrease of 7.42%, while the net profit attributable to the parent company is expected to reach 71.64 million RMB, reflecting a year-on-year increase of 117.01% [1]. - WiMi Hologram Cloud is recognized as one of the largest comprehensive holographic technology solution providers in China, specializing in various aspects of holographic AR technology, including AI synthesis, visual presentation, and advertising [1]. Group 2 - The company has made significant breakthroughs in various holographic application fields such as advertising, entertainment, education, and 5G communications, aiming to enhance the depth of research and market application in holographic 3D computer vision [2]. - WiMi Hologram Cloud is committed to building a strong and open service platform that bridges the application of holographic technology and computer vision presentation, promoting cross-industry development [2]. - The company's vision is to become the creator of the holographic ecosystem in China, emphasizing its ambition to lead in the holographic technology sector [2].

Group 1 - Samsung has confirmed the launch of a foldable smartphone and XR headset in the second half of this year, expected to be released by the end of the year [1] - The XR headset will feature an Android XR system, Micro OLED or OLEDoS displays with a refresh rate of 90Hz, and will support eye tracking [1] - The device will utilize an external battery pack and will support capabilities such as Gemini, navigation, and translation [1] Group 2 - ByteDance is reportedly advancing a mixed reality (MR) headset project, codenamed "Project P," through its VR subsidiary Pico, directly competing with Meta's flagship MR glasses planned for 2027 [3][5] - The MR glasses being developed by ByteDance show remarkable similarities to Meta's Orion prototype, particularly in their split architecture design, indicating a potential industry trend [3] - Pico is developing a dedicated chip for the MR device to process sensor data and reduce latency between user actions and AR visuals, similar to Apple's Vision Pro [5] Group 3 - The XR market is experiencing a quiet revolution, with traditional all-in-one headsets facing growth bottlenecks, while stylish lightweight devices like Ray-Ban Meta have unexpectedly gained popularity [7] - Pico's strategic shift towards MR reflects its deep insight into the future of smart glasses and demonstrates the company's flexibility and decisiveness in the face of competitive pressure [7] - The company continues to leverage its advantages and lead industry trends as technology and market dynamics evolve [7] Group 4 - WIMI, the first publicly traded holographic AR company, has been actively integrating technology and collaborating within the industry to enhance its competitiveness in the smart glasses sector [9] - WIMI plays a dual role as a "bottom technology enabler" and "industry ecosystem organizer," focusing on hardware optimization and core technology breakthroughs [9] - The company is participating in the "Hundred Glasses War," collaborating with major internet firms, hardware manufacturers, and traditional eyewear companies to build a complete ecosystem from technology development to application [9] Group 5 - The product plans and strategic layouts from major players indicate that the future battle for XR device mass adoption will require affordable products [10] - Lightweight design is set to become an irreversible trend for the next generation of XR devices, marking a potential watershed moment for the XR market [10] - The competition for lightweight XR devices is just beginning, suggesting a significant shift in the industry landscape [10]

Group 1 - The core viewpoint of the news highlights the significant financial performance of WiMi Hologram Cloud, with a revenue of 542 million RMB for the year ending December 31, 2024, representing a year-on-year decrease of 7.42%, while the net profit attributable to the parent company reached 71.64 million RMB, showing a year-on-year increase of 117.01% [1] - WiMi Hologram Cloud is a Cayman Islands registered holding company that operates primarily through its domestic subsidiary, Beijing WiMi Hologram Cloud Software Co., Ltd., focusing on computer vision holographic cloud services [1] - The company aims to become a leading and internationally influential holographic cloud platform, covering various aspects of holographic AR technology, including AI synthesis, visual presentation, interactive software development, and 5G holographic communication software [1] Group 2 - WiMi Hologram Cloud has made significant breakthroughs in advertising, entertainment, education, and 5G communication, focusing on deep research and market application across all stages of holographic 3D computer vision collection, AI synthesis, transmission, and presentation [2] - The company is committed to building a strong and open service platform that bridges the application of holographic technology and computer vision presentation, promoting cross-industry development [2] - WiMi Hologram Cloud's vision is to become the creator of the holographic ecosystem in China [2]