WiMi Hologram Cloud (WIMI) Company Report

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Recent press releases and 8-K filings for WIMI.

WiMi Hologram Cloud Reaffirms Strategic Investment in MicroAlgo

WIMI

New Projects/Investments

M&A

Convertible Preferred Issuance

WiMi Hologram Cloud Inc. reaffirmed its long-term strategic investment in its subsidiary, MicroAlgo Inc., on October 24, 2025.
The company detailed its investment history, including a January 2024 direct share purchase of 8,000,000 shares for $4 million, which increased its stake in MicroAlgo to 61.92%.
WiMi invested up to $23 million in convertible notes under an October 2024 agreement, with tranches converted into Class B shares at effective as-adjusted prices ranging from $13.8 to $42 per share.
An additional $32.2 million was invested in a convertible note in June 2025, fully converted into 152,173,914 Class A shares at an effective as-adjusted price of $6.9 per share.
To demonstrate dedication, WiMi has committed to 10-year lock-up agreements on all MicroAlgo holdings, with no plans for sales or transfers.

Oct 24, 2025, 10:10 AM

WiMi Hologram Cloud Reports Significant Net Income Growth for First Half of 2025

WIMI

Earnings

Revenue Acceleration/Inflection

WiMi Hologram Cloud Inc. announced a 926% year-over-year increase in net income for the first half of 2025.
Net income rose from RMB 12.3 million in the first half of 2024 to RMB 126.3 million (USD 17.6 million) in the first half of 2025.
As of June 30, 2025, the company reported cash, cash equivalents, and short-term investments totaling RMB 3.1896 billion (USD 445.6 million), marking a 183% year-over-year increase.

Sep 29, 2025, 9:00 AM

WiMi Hologram Cloud Inc. Reports First Half 2025 Financial Results

WIMI

Earnings

Demand Weakening

For the first half of 2025, total revenues decreased by 35.3% to approximately RMB 188.2 million (USD 26.3 million) compared to the same period in 2024, primarily due to declining demand for internet AR advertising.
Net income significantly increased to approximately RMB 126.3 million (USD 17.6 million) for the first half of 2025, up from RMB 12.3 million in the prior year, largely driven by short-term investment income. Basic earnings per share rose to RMB 10.32 (USD 1.44) from RMB 0.78.
Operating expenses decreased by 22.4% to approximately RMB 70.6 million (USD 9.9 million) for the first half of 2025, mainly attributable to a reduction in research and development expenses.
On June 30, 2025, the Board of Directors adopted a resolution to rely on a temporary safe harbor (Rule 3a-2) to mitigate the risk of being deemed an "investment company" under the U.S. Investment Company Act of 1940 due to its substantial short-term investments.

Sep 26, 2025, 1:06 PM

WiMi Hologram Cloud Launches New Quantum Random Access Memory Technology

WIMI

Product Launch

New Projects/Investments

WiMi Hologram Cloud Inc. announced the launch of a brand-new, efficient Quantum Random Access Memory (QRAM) technology on September 23, 2025. This technology is considered a significant breakthrough in quantum computer storage and is expected to drive the widespread application and development of quantum computing.
The new QRAM offers storage efficiency and capacity far beyond traditional classical RAM, enabling more efficient storage of both classical and quantum information. It allows for access to any location in memory with O(1) time complexity, meaning constant-time access regardless of memory size, which greatly enhances overall computational efficiency.
This QRAM technology can store both classical data and quantum data (qubits), supports access to known and unknown quantum states without destroying quantum state superposition, and incorporates a quantum error correction mechanism to enhance reliability.
WiMi anticipates that QRAM will become an indispensable key component in quantum computing systems, especially for large-scale quantum computing tasks, quantum machine learning, and as a relay station in the future quantum internet.

Sep 23, 2025, 1:40 PM

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