Accessibility StatementSkip Navigation This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the bus ...

Core Viewpoint - WiMi Hologram Cloud Inc. has successfully turned an annual loss into a significant profit, showcasing effective operational strategies and strong management, with cash reserves reaching a record high [1][2]. Financial Performance - The company reported a net loss of approximately RMB 510.4 million in 2023, which transformed into a net income of around RMB 103.3 million (USD 14.4 million) in 2024, indicating a remarkable turnaround [2]. - Cash and cash equivalents, along with short-term investments, increased 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, strengthening the company's financial position [3]. Strategic Positioning - The improved financial situation equips the company to pursue new development opportunities, invest in innovation research, and drive future business growth [3]. - WiMi Hologram Cloud Inc. focuses on various professional areas, including holographic AR automotive HUD software, 3D holographic pulse LiDAR, and holographic cloud software, among others [6].

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]