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Friday, May 07, 2021 6:03:04 AM
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https://finance.sina.com.cn/stock/stockzmt/2021-05-07/doc-ikmyaawc3911897.shtml
May 07, 2021 03:46 Electric Eel Express
When watching a Hollywood blockbuster, there is a scene that we are very familiar with. The protagonist in the film waves his hand, and a three-dimensional virtual display will appear in front of him. The content on the screen can be switched at will. In many museums, concerts or fashion shows, people often see similar three-dimensional images, the effect is vivid and shocking. Many people call this "holographic projection". It seems that the scenes in Hollywood blockbusters have now been realized. Is this really the case?
As an emerging industry, the global holographic AR market has huge growth potential. It has attracted a large amount of investment since 2016 and has made a huge contribution to the growth of the industry. Several organizations, including research and development, are investing heavily in the technology to develop solutions for businesses and consumer groups. Over the years, the holographic augmented reality market has been widely used in game, media and marketing applications. Its applications in different industries such as advertising, entertainment, education, and retail continue to expand, and it is expected to drive demand during the forecast period.
Global holographic AR market size by revenue, 2016-2025
Note:
Hardware refers to the income of hardware manufacturers, including AR rendering equipment, such as AR glasses, AR helmets, etc., and holographic imaging equipment, such as holographic projectors, holographic cabinets, and holographic advertising machines. Software and content refer to the income of participants who provide augmented AR and holographic content, ARSDK or technical services. Source: Frost & Sullivan
In 2021, there is also a highly anticipated global "big event" in the AR/VR field, that is, Apple's AR glasses Apple Glass may be released as early as the second half of the year.
Various signs indicate that AR/VR will occupy a place among the investment hotspots of China's primary capital market in 2021.
So far, the global AR/VR industry has gone through the concept period, the boom period and the trough period. After 2019, the industry's growth curve has crossed the downward turning point, and AR/VR has begun to return to the public's vision. The industry is currently in the dawn of the next wave of high-speed growth. The systematic driving force of this upward trend is mainly due to the rapid development of basic layer technology and infrastructure as the bottom support of the AR/VR industry in the past few years, mainly including 5G commercial, AI, cloud computing, edge computing, etc.
As a great invention, AR has attracted many high-tech companies to gather here. On April 29, Beijing time, WIMI.US, one of China's leading holographic cloud platforms, submitted a 20F report to the US SEC, disclosing the company's 2020 annual report and the latest shareholding structure as of December 31, 2020. The financial report shows that the company's revenue was 766 million yuan (RMB, the same below), compared with 319 million yuan in the same period last year, an increase of 140% year-on-year.
1. Company Introduction
Public information shows that WiMi focuses on holographic cloud services, mainly in vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and other professional fields. Covers multiple links from holographic AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. Holographic cloud comprehensive technical solution provider.
2. WIMI holographic operating income
Total revenue in 2020 increased significantly by RMB 446.8 million year-on-year, an increase of 140.0% year-on-year, from RMB 319.2 million in 2019 to RMB 766 million (US$117.4 million).
Research and development expenses increased significantly from 18.4 million yuan in 2019 to 85 million yuan ($13 million), a year-on-year increase of 362.8%.
The main reason for the substantial increase in R&D expenses was that WiMi Hologram hired more IT engineers to engage in research and development of advanced AR holograms and related projects, which led to increased salary. In addition, WiMi Hologram also focuses on the application research and development of holographic AR technology in semiconductor, cloud computing, artificial intelligence, big data 5G and other fields through outsourcing technology development. The purpose of WiMi Hologram's substantial increase in R&D investment is to rapidly improve the holographic AR technology capabilities to maintain the company's leading competitive advantage in the AR holographic industry.
Since its establishment in 2015, WiMi Hologram has been providing AR-based holographic services and products to meet customer needs, focusing on providing customers and end users with innovative and immersive interactive holographic AR experiences. Since July 2020, the company has begun to develop its semiconductor business and provide corporate customers with comprehensive solutions for computer chip products and central processing algorithms and related services, as well as software and semiconductor businesses. In 2020, the company's holographic AR business and semiconductor business will generate approximately 44% and approximately 56.0% of revenue, respectively.
3. The holographic cloud ecology is gradually taking shape
WiMi Hologram has established a huge technology research and development ecosystem in the holographic AR industry through investment and mergers and acquisitions. According to Sullivan data survey, the global holographic AR market will develop rapidly. From 2020 to 2025, the annual growth rate of AR software and content will be 68.7%, and the annual growth rate of AR hardware will be 67.9%. As a listed company in the holographic AR industry, WiMi Hologram has a high global reputation.In 2020, WiMi Hologram has obtained industry gathering and support through investment and acquisition of many R&D companies in the holographic AR industry, forming a powerful holographic AR technology research and development ecosystem, and building a very A holographic AR value industry chain with expansion potential.
After the launch of 5G, the first scene application will accelerate the development of VR/AR, and the growth rate of the Chinese market will be higher than that of the global market. Therefore, under the blessing of 5G, the communication transmission shortcomings of immersive game scenes such as VR/AR will be compensated, and it is expected that the commercial use of VR/AR of immersive games will accelerate. According to the research of the China Academy of Information and Communications Technology, the global virtual reality industry scale is close to 100 billion yuan, and the average compound growth rate in 2017-2022 is expected to exceed 70%. According to Greenlight's forecast, the global virtual reality industry will exceed 200 billion yuan in 2020. Among them, the VR market is 160 billion yuan and the AR market is 45 billion yuan. In addition, for the Chinese market, according to IDC's latest ``IDC Global Augmented and Virtual Reality Spending Guide'', by 2023, China's AR/VR market spending will reach 65.21 billion U.S. dollars, which is more than the 2019 forecast (6.53 billion U.S. dollars). remarkable growth. At the same time, the compound annual growth rate (CAGR) from 2018 to 2023 will reach 84.6%, which is higher than the 78.3% growth rate of the global market.
The impact of 5G in the future will go far beyond the scope of the technology industry and affect all levels of society. Automotive electronics, communications electronics, and industrial/medical electronics will be the fastest growing application markets in 2020 and the next three years. Automotive electronics, VR/AR, and Internet of Things electronics will be the priority industries that benefit from 5G.
With the continuous maturity of technology and the decline in unit material costs, or the emergence of better alternative projection materials, after this, as a comprehensive research and development and provide overall solutions and related services, provide hardware integration and display content production. Suppliers of stand-alone solutions may come to the fore and get a lot of benefits.
As a display technology that can help mankind solve some space problems, its application fields and foreseeable development prospects are unimaginable. Although there are still a series of problems, there is no doubt that we believe that the holographic projection industry has great market prospects.
As a revolutionary technology with subversive significance, we can foresee that holographic projection technology has very huge and revolutionary application value in many aspects. It is used in three-dimensional movies, television, exhibitions, microscopy, interferometrics, and projection light. Carving, military reconnaissance and surveillance, underwater detection, metal internal detection, preservation of precious historical relics, artworks, entertainment venues, bars, KTV rooms, DISCO and other places can be widely used.
Recent WIMI News
- WiMi Developed a Blockchain-Based Integrated Architecture for Security Maintenance in Cloud Computing • PR Newswire (US) • 09/19/2024 01:30:00 PM
- WiMi Developed a Blockchain Empowered Asynchronous Federated Learning for Optimizing Model Training • PR Newswire (US) • 09/09/2024 02:30:00 PM
- WiMi Hologram Cloud Announced an Identity Management Model Based on Blockchain • PR Newswire (US) • 08/23/2024 03:00:00 PM
- Form F-3 - Registration statement by foreign private issuers • Edgar (US Regulatory) • 08/09/2024 10:12:37 AM
- WiMi Developed a Payment Channel Rebalancing Model for Layer-2 Blockchain • PR Newswire (US) • 08/08/2024 02:40:00 PM
- WiMi Announced a Secure and Trusted Collaborative Learning Based on Blockchain for IoT • PR Newswire (US) • 08/06/2024 01:00:00 PM
- WiMi Announced a Blockchain-based Framework for Secure Data Sharing in Smart Cities • PR Newswire (US) • 07/29/2024 01:00:00 PM
- WiMi Built an Advanced Data Structure Architecture Using Homomorphic Encryption and Federated Learning • PR Newswire (US) • 07/26/2024 01:00:00 PM
- WiMi Developed a Blockchain-Based Trust Approach for Cloud Computing to Address Security in Services • PR Newswire (US) • 07/19/2024 03:00:00 PM
- WiMi Announced a Genetic Algorithm-based Consensus Algorithm for Blockchain • PR Newswire (US) • 07/15/2024 01:30:00 PM
- WiMi Announced a Blockchain Consensus Mechanism Based on Improved Distributed Consistency and Hash Entropy • PR Newswire (US) • 07/01/2024 02:30:00 PM
- WiMi Announced a Intelligent Interconnected Decision-making System Based on Blockchain Technology • PR Newswire (US) • 06/12/2024 02:30:00 PM
- WIMI Announced to Jointly Establish a Micro-Consciousness Quantum Research Center With MicroAlgo • PR Newswire (US) • 06/04/2024 08:06:00 AM
- WiMi Developed BlockChain Guardian Technology to Enable IIOT Cybersecurity • PR Newswire (US) • 06/03/2024 02:50:00 PM
- WiMi Announced the Internet of Things (IoT) Data Perception Based on Blockchain Technology • PR Newswire (US) • 05/24/2024 03:10:00 PM
- WiMi Announced a Blockchain Data Encryption Technology Based on Machine Learning and Fully Homomorphic Encryption Algorithm • PR Newswire (US) • 05/22/2024 04:54:00 PM
- WiMi Announced PoLe Blockchain Consensus Mechanism to Enable Efficient Training of Neural Networks • PR Newswire (US) • 05/17/2024 03:58:00 PM
- WiMi Announced the Innovative Application of RAFT Consensus Algorithm in Blockchain to Build a Secure Data Management Model • PR Newswire (US) • 05/15/2024 02:20:00 PM
- WiMi Developed a Swin-Transformer and Hash-based On-Chain Copyright Detection Technology • PR Newswire (US) • 05/06/2024 02:50:00 PM
- WiMi is Working on the Blockchain Collaborative Hybrid Consensus Algorithm to Optimize Blockchain Performance and Security • PR Newswire (US) • 05/02/2024 03:40:00 PM
- WiMi Hologram Cloud Announced the B-TEC Technology to Enhance Information Security • PR Newswire (US) • 04/23/2024 03:20:00 PM
- WiMi Announced GradingShard Blockchain Sharding Technology • PR Newswire (US) • 04/22/2024 02:30:00 PM
- WiMi Announced an Efficient Connectivity Solution Based on Blockchain Lightweight Architecture 5G IoT • PR Newswire (US) • 04/18/2024 03:00:00 PM
- WiMi Developed a Hybrid Machine Learning Model Based on VMD and SVR to Lead Bitcoin Price Prediction • PR Newswire (US) • 04/08/2024 12:30:00 PM
- WiMi Developed a Lightweight Software Architecture for Payment Systems on a Blockchain Multiplexing Platform • PR Newswire (US) • 03/25/2024 02:30:00 PM
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