MicroAlgo Inc.

Listed Company

VENAFCIK 0001800392OTCNon-AcceleratedEmerging GrowthServices-Computer Programming ServicesE9CNFY ends Dec 31

Period

FY 2025

Revenue

$60.05M

Net Income

$18.15M

Total Assets

$350.35M

Equity

$330.33M

Shares Out

17.36M

Op. Cash Flow

$2.48M

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

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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	—

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