WiMi Hologram Cloud Inc (WIMI)

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The data is dazzling!WiMi Hologram released the first half of the financial report, revenue and gross profit both grew.

source
https://min.news/en/economy/b6ce2258f85641fa2027e56b34d92a05.html

2021-10-18 08:38 HKT

t has been a period of time since the second half of the year. Driven by the recent popular meta-universe and holographic AR industries, many large technology network companies have also released their own company's financial reports to give feedback to investors. Not long ago, WIMI.US, known as the "Meta Universe Holographic AR First Share", announced its financial report for the first half of 2021 as of June 30.

The new financial report was released, and the amazing performance made investors excited.
According to the financial report, for the six months ended June 30, 2021, WiMi Hologram's total revenue increased by 202.2% year-on-year to 516.2 million yuan (US$79.9 million), and gross profit increased by 189.8% year-on-year to 153.1 million yuan. (US$23.7 million); Net profit increased by 40.3% year-on-year to RMB 32.1 million (US$5 million); R&D expenses increased by 463.6% year-on-year to RMB 86.1 million (US$13.3 million).

WiMi Hologram's new financial report in the middle of the year is very eye-catching. It has achieved a super high value-added increase of 202.2% in total revenue in the half-year period, and set brilliant data of gross profit and net profit growth year-on-year. Looking forward to the second half of 2021, WiMi Hologram expects that its revenue growth rate will continue to significantly increase year-on-year. Starting from September 2020, it will start to develop smart chips and provide software solutions business, while increasing R&D investment, and rapidly improving the ability of holographic AR technology to maintain the company's leading competitive advantage in the AR holographic industry. Looking forward to the whole year of 2021, it is expected that compared with the growth rate in the first half of the year, especially driven by the Metaverse and the holographic AR industry, the impact in the second half of the year will be greater, and the performance can maintain sustained high-speed growth. Revenue growth will increase substantially.

Vigorously develop holographic AR and "meta universe".
According to the financial report, the huge growth rate of WiMi Hologram has been amazing. Not only that, WiMi Hologram is also actively deploying and developing the "Meta Universe". Due to its technical advantages, WiMi Hologram has accumulated many years of technology to become WiMi Hologram. Exploring Metaverse lays the foundation for the establishment of the "Holographic Metaverse Business Unit", and at the same time released a new AR head-mounted display (HMD)-"WiMi HoloAR Lens" to expand the user experience of holographic AR technology in Metaverse.

Since 2000, the global Internet has first entered the era of PC interconnection and then into the era of mobile interconnection. However, as the global Internet penetration rate has increased to a high level, the dividends of users in the mobile Internet era are becoming a bottleneck, so the next chapter of the Internet is likely to be the meta universe. Meta Universe includes virtual reality VR, augmented reality AR and mixed reality MR. It is estimated that the market size of Meta Universe will reach 800 billion US dollars in 2024.

In addition, PricewaterhouseCoopers predicts that Meta Universe will reach US$1.5 trillion in 2030.

The 1.0 era of the first stage of the meta universe is mainly for the To C market represented by social networking and entertainment. Although the era of the ultimate meta universe (meta universe 3.0) is still far away, the first stage of the meta universe (1.0 era) is currently in place. Some related technologies have already been implemented and some applications have begun to be commercialized. There will be more technology applications in the future. Going to maturity. As for the VR industry, IDC expects a compound growth rate of 41.4% in the next five years. VR/AR is expected to become a super category after mobile phones, with a broad industry space. The VR/AR market will be worth 17.25 billion U.S. dollars in 2020 and is expected to reach 184.66 billion U.S. dollars in 2026, with a compound annual growth rate of 48.7% from 2021 to 2026.

It is the "Meta Universe" that makes WiMi Hologram a strong semi-annual report in the first half of 2021. The advanced technology assistance required by Meta Universe, such as AR/VR, cloud computing, AI, and 5G, is WiMi Hologram. Holographic has a certain technical foundation to enter the meta-universe in the professional field. From another perspective, WiMi Hologram raises the ceiling of its own development and further cultivates the holographic field. It can be said that the entire business of WiMi Hologram has formed a larger scale. According to the scale, analysts expect that the explosion of the meta-universe will promote a greater growth rate of WiMi Hologram in the future. In addition, the consumer experience can be further improved in the future, which in turn will bring new users, new service experiences and new technologies to WiMi Hologram, forming a virtuous circle.