MicroCloud Hologram Inc. Files 2024 Annual Report on Form 20-F
MicroCloud Hologram Inc. (HOLO) has filed its 2024 annual report, showcasing significant financial growth and market expansion. The company reported total operating revenue of RMB 290 million ($40.76 million), marking a 42.16% year-over-year increase from RMB 204 million in 2023.
Key highlights include:
- Service business revenue grew 53.04% year-over-year, reaching RMB 277 million from RMB 181 million in 2023
- Cash and cash equivalents increased by 575.54% to RMB 851.47 million ($118.45 million)
Chairman Wei Peng emphasized the company's commitment to technological innovation and market alignment, stating plans to accelerate R&D investment in holographic technologies, expand global presence, and enhance product quality.
MicroCloud Hologram Inc. (HOLO) ha presentato il suo rapporto annuale 2024, evidenziando una significativa crescita finanziaria e un'espansione del mercato. L'azienda ha riportato un fatturato operativo totale di 290 milioni di RMB (40,76 milioni di dollari), segnando un aumento del 42,16% rispetto ai 204 milioni di RMB del 2023.
I punti salienti includono:
- Il fatturato del settore servizi è cresciuto del 53,04% rispetto all'anno precedente, raggiungendo 277 milioni di RMB rispetto ai 181 milioni di RMB del 2023
- La liquidità e gli equivalenti di cassa sono aumentati del 575,54% a 851,47 milioni di RMB (118,45 milioni di dollari)
Il presidente Wei Peng ha sottolineato l'impegno dell'azienda per l'innovazione tecnologica e l'allineamento con il mercato, dichiarando piani per accelerare gli investimenti in R&D nelle tecnologie olografiche, espandere la presenza globale e migliorare la qualità dei prodotti.
MicroCloud Hologram Inc. (HOLO) ha presentado su informe anual 2024, destacando un crecimiento financiero significativo y una expansión en el mercado. La empresa reportó ingresos operativos totales de 290 millones de RMB (40.76 millones de dólares), marcando un aumento del 42.16% en comparación con los 204 millones de RMB en 2023.
Los puntos destacados incluyen:
- Los ingresos del negocio de servicios crecieron un 53.04% interanual, alcanzando 277 millones de RMB desde 181 millones de RMB en 2023
- El efectivo y equivalentes de efectivo aumentaron un 575.54% a 851.47 millones de RMB (118.45 millones de dólares)
El presidente Wei Peng enfatizó el compromiso de la empresa con la innovación tecnológica y la alineación con el mercado, declarando planes para acelerar la inversión en I+D en tecnologías holográficas, expandir la presencia global y mejorar la calidad del producto.
마이크로클라우드 홀로그램 주식회사 (HOLO)는 2024년 연례 보고서를 제출하며, 상당한 재무 성장과 시장 확장을 보여주었습니다. 회사는 총 운영 수익이 2억 9천만 RMB (4천76만 달러)에 달하며, 2023년의 2억 4천만 RMB에서 42.16% 증가했다고 보고했습니다.
주요 하이라이트는 다음과 같습니다:
- 서비스 사업 수익이 전년 대비 53.04% 증가하여 2억 7천7백만 RMB에 도달했습니다. 이는 2023년의 1억 8천1백만 RMB에서 증가한 수치입니다.
- 현금 및 현금성 자산이 575.54% 증가하여 8억 5천1백47만 RMB (1억 1천8백45만 달러)에 달했습니다.
회장인 웨이 펑은 기술 혁신과 시장 조정에 대한 회사의 의지를 강조하며, 홀로그램 기술에 대한 연구개발 투자 가속화, 글로벌 존재 확대 및 제품 품질 향상을 위한 계획을 밝혔습니다.
MicroCloud Hologram Inc. (HOLO) a déposé son rapport annuel 2024, mettant en avant une croissance financière significative et une expansion sur le marché. L'entreprise a déclaré un chiffre d'affaires opérationnel total de 290 millions de RMB (40,76 millions de dollars), marquant une augmentation de 42,16 % par rapport aux 204 millions de RMB en 2023.
Les points clés comprennent :
- Les revenus du secteur des services ont augmenté de 53,04 % d'une année sur l'autre, atteignant 277 millions de RMB contre 181 millions de RMB en 2023
- Les liquidités et équivalents de liquidités ont augmenté de 575,54 % pour atteindre 851,47 millions de RMB (118,45 millions de dollars)
Le président Wei Peng a souligné l'engagement de l'entreprise envers l'innovation technologique et l'alignement sur le marché, déclarant des projets pour accélérer les investissements en R&D dans les technologies holographiques, élargir la présence mondiale et améliorer la qualité des produits.
MicroCloud Hologram Inc. (HOLO) hat seinen Jahresbericht 2024 eingereicht, der ein signifikantes finanzielles Wachstum und eine Markterweiterung zeigt. Das Unternehmen berichtete von einem Gesamtbetriebserlös von 290 Millionen RMB (40,76 Millionen US-Dollar), was einem Anstieg von 42,16 % im Vergleich zu 204 Millionen RMB im Jahr 2023 entspricht.
Wichtige Höhepunkte sind:
- Der Umsatz im Dienstleistungsbereich wuchs um 53,04 % im Jahresvergleich und erreichte 277 Millionen RMB gegenüber 181 Millionen RMB im Jahr 2023
- Bargeld und Zahlungsmitteläquivalente stiegen um 575,54 % auf 851,47 Millionen RMB (118,45 Millionen US-Dollar)
Der Vorsitzende Wei Peng betonte das Engagement des Unternehmens für technologische Innovation und Marktanpassung und erklärte, dass die Investitionen in Forschung und Entwicklung von holografischen Technologien beschleunigt, die globale Präsenz ausgeweitet und die Produktqualität verbessert werden sollen.
- Revenue grew 42.16% YoY to RMB 290 million ($40.76M)
- Service business revenue increased 53.04% YoY to RMB 277 million
- Cash and cash equivalents surged 575.54% to RMB 851.47 million ($118.45M)
- Strong market recognition leading to business expansion
- None.
Insights
MicroCloud Hologram's annual report reveals exceptional financial performance with
The most compelling metrics in this report are:
- Service business revenue surge of
53.04% , indicating successful transition toward higher-margin, recurring revenue streams - Cash and cash equivalents explosion to
RMB 851.47 million ($118.45 million ), representing a575.54% YoY increase
This dramatic improvement in liquidity provides MicroCloud with substantial strategic flexibility for R&D investments, potential acquisitions, or navigating market uncertainties - particularly valuable positioning in the emerging holographic technology sector.
The focus on service business growth suggests MicroCloud is evolving beyond hardware sales toward more sustainable revenue streams. While these growth metrics are undeniably impressive, investors should note the absence of profitability metrics in this release, which would help evaluate the sustainability of this growth trajectory.
The notable disparity between reported cash position (
In 2024, the Company achieved remarkable successes in multiple aspects such as financial performance, technological R&D, and market expansion.
- Steady Revenue Growth: In 2024, the total operating revenue climbed to
RMB 290 million (around$40.76 25 million42.16% year-over-year growth compared withRMB 204 million in 2023. Notably, the service business revenue performed particularly prominently, growing substantially fromRMB 181 million in 2023 toRMB 277 million in 2024, representing a53.04% increase year-over-year. This positive trend fully indicates that the Company's products and services have won wide recognition in the market, with remarkable business expansion results. It further consolidates its market position within the industry and lays a solid foundation for future sustainable development. - Expansion of cash and cash equivalents Scale: By the end of 2024, the Company's cash and cash equivalents surged to
RMB 851.47 million (approximately$118.45 million 575.54% year-over-year increase and underscoring its robust financial health and strategic agility. This growth was primarily driven by strategic capital deployment, coupled with stable non-current assets, these achievements highlight the Company's unwavering commitment to technological leadership and sustainable growth, solidifying its position as a trailblazer in holographic solutions.
Wei Peng, the Chairman of the Board of Directors of MicroCloud Hologram Inc., stated, "2024 marked a pivotal year for solidifying our financial foundation, characterized by
The information disclosed in this press release is not comprehensive. For a full understanding, please refer to the Company's annual report on Form 20-F. The annual report, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's website at http://www.sec.gov.
About MicroCloud Hologram Inc.
MicroCloud provides a wide range of holographic technology services in the holographic industry, including high - precision holographic light detection and ranging (LiDAR) solutions based on holographic technology, exclusive holographic LiDAR point - cloud algorithm architecture design, breakthrough holographic imaging technology solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to serve customers that provide reliable holographic advanced driver assistance systems (ADAS). MicroCloud also offers holographic digital twin technology services for customers and has established a proprietary holographic digital twin technology resource library.
Safe Harbor / Forward - Looking Statements
This press release contains "forward - looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward - looking statements can be identified by terms such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward - looking statements. Among other things, the business outlook and the Company's strategic and operational plans contain forward - looking statements. Forward - looking statements are not guarantees or assurances of future performance and involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward - looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company's annual report on Form 20 - F, and current report on Form 6 - K, as well as other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not assume any obligation to update any forward - looking statement, except as required under applicable laws.
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SOURCE MicroCloud Hologram Inc.
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