WiMi Hologram Cloud, One of China’s Largest 5G Holographic AI Vision, Publicly Submitted IPO Application to NASDAQ
Hongkong, Jul 12, 2019 — In the process of implementing the holographic calls, 5G transmission technology will play a crucial role. It is precisely because 5G has high bandwidth, low latency, high reliability and other excellent features that we have the confidence to image the practical feasibility of holographic calls. As one of China’s largest 5G holographic AI vision, WiMi Hologram Cloud publicly submitted IPO application to NASD in the United States, making people full of longing for the future visual world.
WiMi Hologram Cloud’s holographic cloud published its IPO prospectus globally on June 27, 2019 in the United States. Its net profits exceeded 89 million yuan in 2018, making profits for two consecutive years. The IPO of WiMi Hologram Cloud was listed at NASDAQ Global Board, and as the first share of global holographic AI vision, the profit growth space has been opened. With the development of 5G holographic communication, WiMi Hologram Cloud’s holographic cloud, which was established only four years ago, is expected to be explosive in the future.
As an emerging market, the global holographic AR market has tremendous growth potential and has attracted a large amount of investment since 2016, making a great contribution to the growth of the industry. Several organizations including the R&D labs are investing heavily in this technology to develop solutions for enterprises and consumer groups. Over the years, the mobile augmented reality market has been widely applied in applications such as games, media and marketing. Its range of applications in different industries, including advertising, entertainment, education and retail, is expected to drive demand during the forecast period.
The income of WiMi Hologram Cloud mainly comes from holographic advertising and holographic entertainment. The probability of WiMi Hologram Cloud is outstanding, and the net profit has increased from 7.333 million yuan in 2017 to 8.921 million yuan in 2018. the net profit has increased from 2.222 million yuan in the first quarter of 2018 to 3.749 million yuan in the first quarter of 2019, with an increase of 1.526 million yuan and the growing rate of 68.7%. The total revenue of WiMi Hologram Cloud has increased from 4.922 million yuan in the first quarter of 2018 to 7.849 million yuan in the first quarter of 2019, with an increase of 2.926 million yuan and the growing rate of 59.5%. WiMi Hologram Cloud’s total revenue was 225 million yuan in 2018. (Source: U.S. SEC – FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.)
WiMi Hologram Cloud has a wide range of customers. As of December 31, 2017 and December 31, 2018, WiMi Hologram Cloud had 390 and 485 customers respectively. At present, WiMi Hologram Cloud’s customers mainly include advertisers, distribution channels, application developers and entertainment companies. WiMi Hologram Cloud’s customer base covers a wide range of industries including manufacturing, real estate, entertainment, technology, media and telecommunications, tourism, education and retail.
WiMi Hologram Cloud plans to continue to improve and strengthen existing technologies, maintain its industry leadership and create an ecological business model. At present, WiMi Hologram Cloud’s holographic facial recognition technology and holographic facial change technology are being applied to the existing holographic advertising and entertainment business, and the technologies are also being upgraded in order to make breakthroughs in more industry fields. WiMi Hologram Cloud is targeted at building a commercial ecological system based on the application of holographic technology.
WiMi Hologram Cloud plans to continuously invest a lot of resources to strengthen the capability to develop holographic AR contents. WiMi Hologram Cloud is dedicated to enriching the holographic content portfolio and providing high-quality holographic experience. WiMi Hologram Cloud plans to continue to expand the holographic content library through various channels.
* Source: U.S. SEC – FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.
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