WiMi Files Its Annual Report on Form 20-F

Core Insights - WiMi Hologram Cloud Inc. has reported a significant financial turnaround, moving from a net loss of approximately RMB 510.4 million in 2023 to a net income of around RMB 103.3 million (USD 14.4 million) in 2024, indicating effective operational strategies and strong management [2] - The company experienced a substantial increase in cash and cash equivalents and short-term investments, rising by approximately RMB 1.14 billion, or 148.0%, from about RMB 773.9 million in 2023 to approximately RMB 1.92 billion (USD 266.9 million) in 2024, enhancing its financial position for future growth [3] Company Overview - WiMi Hologram Cloud Inc. is a leading provider of hologram augmented reality technology, focusing on various professional areas including automotive HUD software, 3D holographic pulse LiDAR, and holographic cloud software, among others [6]