WIMI, One of China’s Largest 5G Holographic Cloud Platforms, Made Profits of 89 million yuan, Leading in the Global AI Vision Industry
WiMi Hologram Cloud, one of the largest 5G holographic cloud platforms in China, has publicized the prospectus in the US NASDAQ. Its annual profit of 89 million yuan in 2018 certified the rapid development of the industry, and China will take the lead in the global AI vision field.
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 net profit of the first quarter in 2019 increased by 68%, and 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.
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.)
According to the reports of “Unicorns Had Known Earlier”, WiMi Hologram Cloud integrates the identity of holographic AI cloud software developers, service providers and operators, and has become one of the largest integrated platform in the holographic AI field in the country. if there is no chip, it is difficult to combine with the algorithm. In this process, the boundary is blurred. With the continuous evolution of technology, the constant deepening of the scene raises more needs. At this stage, an important scene will be selected for the Internet of Things to better combine computing power with application services.
Equipped with advanced AR3D scanning applications and simulation solutions, WiMi Hologram Cloud can scan objects from all angles and capture more image details than most peer companies. Therefore, according to Frost & Sullivan’s data, WiMi Hologram Cloud can identify and capture up to 550 image data blocks per unit, far exceeding the average market level of 40 to 50 image data blocks. At the same time, relying on advanced big data and artificial intelligence analysis technology, WiMi Hologram Cloud’s superior image processing technology and distribution algorithm enables it to effectively and intelligently synthesize the best 3D model based on the original image captured, and calibrate and optimize its.
WiMi Hologram Cloud’s technical platform is established on a highly expandable and flexible cloud-based basic framework that allows WiMi Hologram Cloud to store and utilize a large amount of real-time data collected from WiMi Hologram Cloud’s products and the third party, and ensure the high-speed performance in accommodating more business partners. WiMi Hologram Cloud uses complex data for excavation and uses users’ behavior for data analysis to create interest profiles for end users based on user behavior. WiMi Hologram Cloud collected user data from approximately 350 million reliable end-user groups through its holographic AR advertising service, and analyzed the data to obtain more than 2000 user tags.
5G is a technological advancement of a basic communication method for human beings. China has developed from 2G, 3G, 4G and 5G all the way, benefiting greatly from the Internet and mobile Internet industries, and the overall living efficiency and production efficiency have been greatly improved. WiMi Hologram Cloud, one of the largest 5G holographic cloud platforms in China, has publicized the prospectus in the US NASDAQ. Its annual profit of 89 million yuan in 2018 certified the rapid development of the industry, and China will take the lead in the global AI vision field.
* Source: U.S. SEC – FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.
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