Impressive Growth of MicroCloud Hologram Inc. in 2024 Annual Financial Report
MicroCloud Hologram Inc. Annual Report Highlights for 2024
On March 21, 2025, MicroCloud Hologram Inc., a prominent player in the holographic technology sector, filed its annual report on Form 20-F with the U.S. Securities and Exchange Commission (SEC). This report details the company’s operational achievements and financial performance for the fiscal year ending December 31, 2024.
Financial Performance
MicroCloud reported a robust total operating revenue of RMB 290 million, translating to approximately $40.76 million. This represents an impressive 42.16% increase from RMB 204 million in the previous year. Notably, revenue from the company's service business soared by 53.04%, from RMB 181 million in 2023 to RMB 277 million in 2024. Such growth underscores the acceptance and demand for MicroCloud's advanced products and services within the market, solidifying its position and fostering sustainable development for the future.
Cash Position
The company's financial health is further exemplified by an extraordinary rise in cash and cash equivalents, which reached RMB 851.47 million (around $118.45 million) by the end of 2024. This figure marks a staggering 575.54% increase year-over-year, highlighting the company's strategic agility in managing its resources effectively. The growth in cash reserves is attributed to prudent capital allocations and the stability of non-current assets, reaffirming MicroCloud's commitment to technological leadership and sustainable success.
Statement from Leadership
Wei Peng, Chairman of the Board of Directors, expressed pride in the company’s achievements. He stated, “2024 was a pivotal year for establishing our financial foundation. These results—in particular, our revenue growth and an exceptional increase in cash position—reflect our effectiveness in executing strategic goals. Our focus on technological innovation and aligning with market demands has been instrumental.”
Looking forward, MicroCloud plans to continue its momentum by investing in research and development for holographic solutions, integrating advanced systems, and enhancing customer experiences globally, thereby moving towards new heights in the holography field.
Holographic Technology Services
MicroCloud specializes in a variety of holographic technology services, offering solutions that include high-precision holographic LiDAR technology, algorithm architecture design, and holographic imaging. The company is dedicated to serving clients with dependable advanced driver assistance systems (ADAS) and has developed a proprietary library of holographic digital twin technologies, promoting innovation in various sectors.
Conclusion
The detailed insights from MicroCloud’s Form 20-F report illustrate a year of remarkable growth and strategic advancements. This growth trajectory lays a strong groundwork for subsequent developments as the company aspires to innovate and expand in the holographic technology landscape. For a thorough understanding of MicroCloud's operational strategies and financial performance, the complete report is available on the SEC's website at SEC.gov.
For industry-watchers, investors, and technology enthusiasts, MicroCloud’s increasing footprint in the holographic realm sets an intriguing stage for future developments. As they continue to push boundaries, this ambitious company remains one to watch in the years ahead.
Topics Consumer Technology）
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