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MicroCloud Hologram Inc.
HOLOWCIK 0001841209NasdaqNon-AcceleratedEmerging GrowthServices-Computer Programming, Data Processing, Etc.E9FY ends Dec 31
Period
FY 2025
Revenue
$56.52M
Net Income
$-7.02M
Total Assets
$395.33M
Equity
$382.82M
Shares Out
22.51M
Op. Cash Flow
$7.89M
Business
MicroCloud Hologram Inc. provides holographic technology services focused on advanced holographic sensing, imaging and digital twin solutions. It offers holographic LiDAR systems and point-cloud algorithms, holographic ADAS and intelligent vision software, holographic digital twin technology and a proprietary resource library, and holographic SDK and content tools. Its business is organized around holographic LiDAR hardware and sensor chip design, holographic intelligent vision and imaging, digital twin technology and related software/SDK services. The company serves automotive OEMs, technology and mobile companies, government and enterprise customers worldwide, primarily through direct sales and strategic industry partnerships.
Summary from filing dated 2025-03-21
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|
| Total Operating Revenues | 73 | 56 | — | |
| Total Cost of Revenues | −39 | −17 | — | |
| GROSS PROFIT | 33 | 39 | — | |
| Provision for doubtful accounts | −442,335 | −80,875 | — | |
| Selling expenses | −1 | −825,055 | — | |
| General and administrative expenses | −3 | −3 | — | |
| Research and development expenses | −49 | −23 | — | |
| Total operating expenses | −54 | −27 | −32,267 | |
| (LOSS)/INCOME FROM OPERATIONS | −21 | 12 | — | |
| CHANGE IN FAIR VALUE OF WARRANT LIABILITY | 656,164 | — | — | |
| Finance income, net | 248,043 | 98,366 | — | |
| Impairment loss for unconsolidated entities | −237,777 | — | — | |
| Other income, net | 146,154 | 152,843 | — | |
| Total other income, net | 156,420 | 251,209 | 0 | |
| (LOSS)/PROFIT BEFORE INCOME TAXES | −20 | 13 | −32,267 | |
| BENEFIT FOR INCOME TAX | 122,773 | 124,732 | 0 | |
| NET (LOSS)/INCOME | −20 | 13 | −32,267 | |
| LESS: NET INCOME/(LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST | 43,392 | −10 | — | |
| NET (LOSS)/INCOME ATTRIBUTABLE TO MICROCLOUD HOLOGRAM INC. ORDINARY SHAREHOLDERS | −20 | 13 | — | |
| Foreign currency translation adjustment | 147,929 | −5,025 | — | |
| COMPREHENSIVE (LOSS)/INCOME | −20 | 13 | −32,267 | |
| LESS: COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST | 43,392 | −10 | — | |
| COMPREHENSIVE (LOSS)/INCOME ATTRIBUTABLE TO MICROCLOUD HOLOGRAM INC. ORDINARY SHAREHOLDERS | −20 | 13 | — | |
| Weighted average number of ordinary shares outstanding-Basic and diluted | 20 | 132 | — | |
| (Loss)/Earnings per ordinary share - Basic and diluted | −1.01 | 0.1 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 | FY 2019 2019-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 22 | 8 | 18,117 | — | |
| Accounts receivable, net | 12 | 11 | — | — | |
| Prepayments and other current assets | 894,479 | 98,063 | — | — | |
| Due from related parties | 8,740 | 3,139 | — | — | |
| Loan receivable | — | 2 | — | — | |
| Inventories, net | 254,879 | 302,178 | — | — | |
| Total current assets | 35 | 21 | 18,117 | — | |
| Property and equipment, net | 238,920 | 46,177 | — | — | |
| Prepayment and deposits, net | 60,460 | 70,572 | — | — | |
| Intangible assets, net | 2 | 3 | — | — | |
| Investments in unconsolidated entities | — | 251,095 | — | — | |
| Right-of-use assets, net | 589,301 | — | — | — | |
| Goodwill | 3 | 3 | — | — | |
| Total non-current assets | 6 | 7 | — | — | |
| Total assets | 41 | 28 | 47,657 | — | |
| Accounts payable | 9 | 7 | — | — | |
| Advance from customers | 493,539 | 134,761 | — | — | |
| Other payables and accrued liabilities | 2 | 2 | — | — | |
| Due to related parties | 50,745 | 334,985 | 36,784 | — | |
| Operating lease liabilities - current | 231,483 | — | — | — | |
| Loan payable | 59,444 | — | — | — | |
| Taxes payable | 87,319 | 509,924 | — | — | |
| Total current liabilities | 12 | 10 | 87,324 | — | |
| Operating lease liabilities - noncurrent | 373,298 | — | — | — | |
| Deferred tax liabilities | 160,430 | 311,827 | — | — | |
| Warrant liabilities | 61,709 | — | — | — | |
| Total other liabilities | 595,437 | 311,827 | — | — | |
| Total liabilities | 12 | 10 | 87,324 | — | |
| Ordinary shares, $0.0001 par value | 5,081 | 13,511 | 0 | — | |
| Additional paid-in capital | 37 | 5 | — | — | |
| (Accumulated deficit)/Retained earnings | −9 | 12 | −39,667 | — | |
| Statutory reserves | 2 | 1 | — | — | |
| Accumulated other comprehensive loss | −805,112 | −9,073 | 0 | — | |
| Total MICROCLOUD HOLOGRAM INC. shareholders equity | 29 | 18 | −39,667 | −7,400 | |
| Non-controlling interest | 43,382 | −10 | — | — | |
| Total Equity | 29 | 18 | 5 | — | |
| Total liabilities and shareholders equity | 41 | 28 | 47,657 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|
| Depreciation and amortization | 1 | 1 | — | |
| Amortization of operating lease right-of-use assets | 236,154 | — | — | |
| Provision for doubtful accounts | 442,335 | 80,875 | — | |
| Deferred tax benefits | −130,848 | −132,130 | — | |
| Provision for inventory reserve | — | 13,818 | — | |
| Interest income | — | −98,249 | — | |
| Loss on disposal fixed assets | 488 | 57,381 | — | |
| Change in fair value of warrant liabilities | −656,164 | — | — | |
| Accounts receivable | −2 | 2 | — | |
| Prepayment and other current assets | −823,976 | 678,662 | — | |
| Inventories | 24,901 | 448,062 | — | |
| Prepayments and deposits | 4,858 | 27,832 | — | |
| Accounts payable | 2 | −943,581 | — | |
| Operating lease liabilities | −220,287 | — | — | |
| Advance from customers | 378,262 | −109,613 | — | |
| Other payables and accrued liabilities | 281,149 | 324,305 | — | |
| Taxes payable | −393,376 | 217,038 | — | |
| Net cash (used in)/provided by operating activities | −20 | 16 | −32,267 | |
| Payments for business acquisition payable - related parties | — | −8 | — | |
| Loan to third parties | −2 | −14 | — | |
| Loan repayment from third parties | 4 | 9 | — | |
| Purchases of property and equipment | −270,756 | −21,292 | — | |
| Cash received on fixed assets disposal | — | 94 | — | |
| Investments in unconsolidated entities | — | −251,095 | — | |
| Net cash provided by/(used in) investing activities | 2 | −13 | 0 | |
| Amounts advanced from related parties | — | 283,436 | — | |
| Amounts advanced to related parties | −5,986 | — | — | |
| Repayments from related parties | — | 1 | 0 | |
| Repayments to related parties | −55 | −2 | — | |
| Repayments of third-party loan | −13,375 | −183,221 | — | |
| Cash received from recapitalization | 33 | — | — | |
| Proceeds of third-party loan | 74,305 | — | — | |
| Net cash provided by/(used in) financing activities | 33 | −204,237 | 50,284 | |
| EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS | −593,338 | −42,590 | — | |
| CHANGE IN CASH AND CASH EQUIVALENTS | 14 | 3 | — | |
| Cash paid for income tax | 609 | 11,306 | — | |
| Cash paid for interest expense | 5,522 | 3,166 | — | |
| Initial recognition of right-of-use assets and lease liabilities | 840,185 | — | — |
Filings
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