Earnings ·
WiMi Hologram Cloud Inc. reported a net loss attributable to shareholders of approximately USD 12.7 million for the…
WIMIWiMi Hologram Cloud Inc.
WiMi Hologram Cloud Inc. reported a net loss attributable to shareholders of approximately USD 12.7 million for the six months ended June 30, 2026, compared to a net income of USD 15.3 million in the prior year period. Total revenues declined 27.3% to RMB 136.8 million (USD 20.1 million) due to reduced client demand for internet AR advertising. The company incurred an investment loss of USD 26.5 million, swinging from a USD 20.4 million gain in the previous year. Operating expenses decreased by 46.2% to RMB 38.0 million (USD 5.6 million), driven by lower general and administrative costs as stock compensation ceased. As of June 30, 2026, the company held cash and short-term investments totaling USD 460.2 million. WiMi Hologram Cloud Inc. operates in the augmented reality technology sector, providing AR advertising services and related hardware solutions.