MicroAlgo Inc.
Business
MicroAlgo Inc. develops and applies bespoke central processing algorithms and delivers integrated software and hardware optimization solutions. It offers algorithm optimization, computing power acceleration, lightweight data processing, data intelligence services, 3D PaaS and SaaS marketing and game distribution platform capabilities. Its key business segments focus on central processing algorithm solutions for internet advertising, online gaming and intelligent chip optimization, with additional applications for government cloud, manufacturing, finance, medical cloud and intelligent transportation. MicroAlgo primarily serves enterprise customers in China through cloud-based platforms, B2B contracts, traffic wholesalers and direct integrations with partners.
Summary from filing dated 2025-04-28
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|
| Total Operating Revenues | 87 | 82 | — | |
| COST OF REVENUES | −68 | −49 | — | |
| GROSS PROFIT | 19 | 33 | — | |
| Selling expenses | −560,453 | −840,109 | — | |
| General and administrative expenses | −5 | −5 | — | |
| Research and development expenses | −14 | −17 | — | |
| Impairment loss for goodwill | −5 | −3 | — | |
| Impairment loss for intangible assets | −2 | — | — | |
| Change in fair value of business acquisition payable | — | 502,192 | — | |
| Change in fair value of warrant liability | 123,750 | — | — | |
| Total operating expenses | −27 | −25 | — | |
| INCOME (LOSS) FROM OPERATIONS | −8 | 8 | — | |
| Interest income | 266,059 | 292,196 | — | |
| Income from short term investment | −158,220 | 194,994 | — | |
| Finance expenses | −65,982 | −277,503 | — | |
| Other income, net | 334,057 | 310,225 | — | |
| Total other income, net | 375,914 | 519,912 | — | |
| INCOME (LOSS) BEFORE INCOME TAXES | −7 | 9 | −117,787 | |
| Current | −15,215 | −364,499 | — | |
| Deferred | 580,008 | 279,680 | — | |
| Total (provision) benefit for income tax | 564,793 | −84,819 | — | |
| NET INCOME (LOSS) | −7 | 8 | — | |
| Less: Net (loss) income attributable to non-controlling interests | 43,553 | −83,401 | — | |
| NET INCOME (LOSS) ATTRIBUTABLE TO MICRO ALGO INC. | −7 | 9 | −117,787 | |
| Foreign currency translation adjustment | −5 | 1 | — | |
| COMPREHENSIVE INCOME (LOSS) | −11 | 10 | — | |
| Less: Comprehensive (loss) income attributable to noncontrolling interests | 5,271 | −77,298 | — | |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO MICRO ALGO INC. | −11 | 10 | — | |
| Basic and diluted (shares) | 40 | 40 | — | |
| Basic and diluted | −0.17 | 0.22 | — |
Consolidated Balance Sheet
| 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 | 43 | 43 | 239 | — | |
| Accounts receivable, net | 3 | 3 | — | — | |
| Inventories | 130,524 | 823,635 | — | — | |
| Prepaid services fees | 4 | 4 | — | — | |
| Other receivables and prepaid expenses | 266,855 | 425,865 | — | — | |
| Amount due from Parent | 6 | — | — | — | |
| Loans receivable | — | 3 | — | — | |
| Total current assets | 55 | 54 | 76,317 | — | |
| PROPERTY AND EQUIPMENT, NET | 145,320 | 73,534 | — | — | |
| Prepaid expenses and deposits | 184,054 | 204,480 | — | — | |
| Deferred merger costs | — | 602,219 | 188,001 | — | |
| Cost method investment | 172,300 | 94,107 | — | — | |
| Intangible assets, net | 964,341 | 4 | — | — | |
| Operating lease right-of-use assets | 150,895 | 322,593 | 3 | — | |
| Goodwill | 15 | 22 | 23 | — | |
| Total non-current assets | 17 | 28 | — | — | |
| Total assets | 72 | 82 | 191,543 | — | |
| Accounts payable | 2 | 2 | — | — | |
| Deferred revenues | 2 | 2 | — | — | |
| Other payables and accrued liabilities | 793,143 | 731,222 | 39,972 | — | |
| Amount due to a related party | 153,333 | — | — | — | |
| Amount due to Parent | — | 17 | — | — | |
| Operating lease liabilities-current | 150,666 | 164,241 | — | — | |
| Taxes payable | 55,365 | 148,751 | — | — | |
| Total current liabilities | 5 | 22 | 295,205 | — | |
| Operating lease liabilities - noncurrent | 30,754 | 158,401 | — | — | |
| Deferred tax liabilities, net | 241,085 | 846,410 | — | — | |
| Total other liabilities | 271,839 | 1 | — | — | |
| Total liabilities | 5 | 23 | 295,205 | — | |
| Preferred shares, $0.001 par value; 1,000,000 shares authorized; no share issued | — | — | — | — | |
| Ordinary shares, $0.001 par value, 50,000,000 shares authorized, 39,603,961 and 43,856,706 issued and outstanding as of December 31, 2021 and 2022 | 43,857 | 39,604 | 1,150 | — | |
| Additional paid-in capital | 47 | 28 | 23,850 | — | |
| Retained earnings | 19 | 26 | −128,662 | — | |
| Statutory reserves | 2 | 1 | — | — | |
| Accumulated other comprehensive income (loss) | −2 | 3 | — | — | |
| Total MicroAlgo Inc. shareholders equity | 67 | 58 | −103,662 | 14,125 | |
| NONCONTROLLING INTERESTS | 255,655 | 242,406 | — | — | |
| Total equity | 67 | 59 | 49 | — | |
| Total liabilities and shareholders equity | 72 | 82 | 191,543 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|
| Depreciation and amortization | 1 | 1 | — | |
| Provision for doubtful accounts, net | 897,134 | 223,204 | — | |
| Deferred tax benefit | −580,008 | −279,680 | — | |
| Loss from short term investment | 158,220 | — | — | |
| Loss from disposal of property and equipment | — | 32 | — | |
| Goodwill impairment loss | 5 | 3 | — | |
| Gain from disposal of subsidiary | −9,751 | — | — | |
| Amortization of operating lease right-of-use assets | 145,433 | 124,499 | — | |
| Amortization of debt discount | — | 216,497 | — | |
| Change in fair value of business acquisition payable | — | −502,190 | — | |
| Accounts receivables | −958,720 | 5 | — | |
| Prepaid services fees | 255,109 | −2 | — | |
| Other receivables and prepaid expenses | 142,626 | −236,953 | — | |
| Inventories | 691,217 | −641,688 | — | |
| Prepaid expenses and deposits | 18,697 | 10,563 | — | |
| Accounts payable | 141,017 | 380,797 | — | |
| Deferred revenues | −343,796 | 1 | — | |
| Other payables and accrued liabilities | −54,589 | 281,784 | — | |
| Operating lease liabilities | −137,126 | −124,450 | — | |
| Taxes payable | −56,804 | −693,806 | — | |
| Net cash provided by operating activities | 2 | 15 | −77,815 | |
| Purchases of short term investments | −16 | −16 | — | |
| Sale of short term investments | 16 | 16 | — | |
| Purchases of cost method investment | −89,205 | −93,002 | — | |
| Payment for Shanghai Guoyu acquisition | — | −3 | — | |
| Cash received from acquisition | 302 | 25,054 | — | |
| Purchases of property and equipment | −160,923 | −36,010 | — | |
| Loan to a third party | 3 | −3 | — | |
| Net cash (used in) provided by investing activities | 3 | −6 | −55 | |
| Advance to Parent | −6 | — | — | |
| Repayment to Parent | −30 | −4 | — | |
| Proceeds from Parent | 13 | 3 | — | |
| Deferred merger costs | — | −556,567 | — | |
| Proceeds from banking facility | — | 1 | — | |
| Payments to banking facility | — | −3 | — | |
| Proceeds from loan - a related party | — | 870,518 | — | |
| Payments to loan - a related party | — | −870,518 | — | |
| Cash received from recapitalization of MicroAlgo | 21 | — | — | |
| Capital contribution from noncontrolling interests | — | 51 | — | |
| Net cash used in financing activities | −2 | −4 | −350,198 | |
| EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS | −2 | 675,890 | — | |
| CHANGE IN CASH AND CASH EQUIVALENTS | 26,475 | 6 | — | |
| Cash paid for income tax | 185,906 | 675,478 | — | |
| Cash paid for interest | 2,992 | 17,536 | — | |
| Deferred offering cost to offset proceed from recapitalization | 548,586 | — | — | |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | 110,352 | 96,398 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MicroAlgo Inc.'s CIK number?
MicroAlgo Inc.'s SEC CIK number is 0001800392 (1800392). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MicroAlgo Inc.'s SEC filings?
All of MicroAlgo Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MicroAlgo Inc. last report earnings?
MicroAlgo Inc. (MLGO) most recently filed an earnings 8-K with the SEC on Mar 29, 2023, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001829126-23-002348). This is MicroAlgo Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is MicroAlgo Inc.'s most recent earnings 8-K?
MicroAlgo Inc.'s latest earnings 8-K (Item 2.02) was filed Mar 29, 2023 under accession 0001829126-23-002348. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MicroAlgo Inc.'s latest earnings 8-K →
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