WiMi announced a net income of RMB 347 million for 2025, a year-on-year increase of 235%

WiMi (Nasdaq: WIMI) filed its Form 20-F for fiscal year ended December 31, 2025, reporting net income of RMB 347.1 million (USD 49.4 million), up 235.9% year‑over‑year from RMB 103.3 million in 2024.

Rhea-AI Summary

WiMi (Nasdaq: WIMI) filed its Form 20-F for fiscal year ended December 31, 2025, reporting net income of RMB 347.1 million (USD 49.4 million), up 235.9% year‑over‑year from RMB 103.3 million in 2024. Operating expenses fell to RMB 147.6 million (down 19.4%). Working capital rose to RMB 2,611.6 million (up 105.8%).

The company reported two consecutive profitable years, reduced operating costs, and a substantially stronger working capital position as of December 31, 2025.

Positive

• Net income increased by 235.9% to RMB 347.1 million
• Operating expenses decreased by 19.4% to RMB 147.6 million
• Working capital rose 105.8% to RMB 2,611.6 million
• Reported two consecutive years of profitability

Negative

• None.

Argus Apr 24 session

-1.12% close to close Open Argus

Details

News Market Reaction – WIMI

On Apr 24, the day this news came out, WIMI closed 1.12% below the previous close.

Data tracked by StockTitan Argus for the Apr 24 session.

Market Context

This announcement emphasizes WiMi’s financial progress, with net income rising to RMB 347.1 million,...

Analysis

This announcement emphasizes WiMi’s financial progress, with net income rising to RMB 347.1 million, operating expenses reduced to RMB 147.6 million, and working capital reaching RMB 2,611.6 million. These figures mark two consecutive profitable years and stronger liquidity. Investors following prior AI and quantum-technology updates can now tie those initiatives to audited 2025 results and may watch future filings and expense trends to gauge durability of this profitability shift.

Key Figures

Net income 2025: RMB 347.1 million Net income 2024: RMB 103.3 million Net income increase: RMB 243.8 million (235.9%) +5 more

Net income 2025

RMB 347.1 million

Year ended December 31, 2025

Net income 2024

RMB 103.3 million

Year ended December 31, 2024

Net income increase

RMB 243.8 million (235.9%)

2025 vs 2024

Operating expenses 2025

RMB 147.6 million

Year ended December 31, 2025

Operating expenses 2024

RMB 183.1 million

Year ended December 31, 2024

OpEx decrease

RMB 35.4 million (19.4%)

2025 vs 2024

Working capital 2025

RMB 2,611.6 million

As of December 31, 2025

Working capital 2024

RMB 1,269.2 million

As of December 31, 2024

Historical Context

5 past events · Latest: Feb 18

5 events

1. Feb 18

   AI tech update

   24h Move

   +0.6%

   Introduced hybrid quantum-classical Inception model to improve image classification efficiency.

2. Feb 06

   AI tech release

   24h Move

   +11.5%

   Released hybrid quantum-classical neural network for efficient MNIST image classification.

3. Jan 05

   Quantum CNN launch

   24h Move

   +10.9%

   Announced multi-channel quantum convolutional neural network for supervised learning tasks.

4. Jan 02

   Quantum U-Net module

   24h Move

   +4.6%

   Presented QB-Net quantum bottleneck module enabling lightweight yet high-performance U-Net.

5. Dec 22

   Hybrid QNN advance

   24h Move

   -1.4%

   Detailed next-generation hybrid quantum neural network for image multi-classification.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

form 20-f, securities and exchange commission, working capital

3 terms

form 20-f regulatory

"announced that it has filed its annual report on Form 20-F for the fiscal year"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

securities and exchange commission regulatory

"for the fiscal year ended December 31, 2025, with the Securities and Exchange Commission"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

working capital financial

"the company's working capital was approximately RMB 2,611.6 million"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

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BEIJING, April 24, 2026 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading hologram augmented reality ("AR") technology provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the Securities and Exchange Commission (the "SEC").

The company reported that its net income increased by RMB 243.8 million, or 235.9%, from RMB 103.3 million for the year ended December 31, 2024, to RMB 347.1 million (USD 49.4 million) for the year ended December 31, 2025, representing two consecutive years of profitability with substantial profit growth and significantly improved performance.

For the year ended December 31, 2025, the company incurred approximately RMB 147.6 million (USD 21.0 million) in operating expenses, representing a decrease of approximately RMB 35.4 million, or 19.4%, from approximately RMB 183.1 million for the year ended December 31, 2024, reflecting outstanding cost-reduction effects, remarkable expense optimization, and enhanced cost control capabilities.

Moreover, the company's working capital was approximately RMB 2,611.6 million (USD 371.6 million) as of December 31, 2025, representing a 105.8% increase from RMB 1,269.2 million (USD 176.6 million) as of December 31, 2024. The company maintained sufficient cash flow and capital reserves, demonstrating extremely strong risk resistance capacity.

The information disclosed in this press release does not purport to be complete and is qualified in its entirety by reference to the Company's annual report on Form 20-F. The annual report, which contains the Company's audited consolidate statements, can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at http://ir.wimiar.com/.

The Company will provide a copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to Investor Relations Department, Room#1508, 4th Building, Zhubang 2000 Business Center, No. 97, Balizhuang Xili, Chaoyang District, Beijing,The People's Republic of China.

About WIMI Hologram Cloud Inc.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. For more information, please visit http://ir.wimiar.com.

Safe Harbor / Forward-Looking Statement

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release, as well as the Company's strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.

View original content:https://www.prnewswire.com/news-releases/wimi-announced-a-net-income-of-rmb-347-million-for-2025-a-year-on-year-increase-of-235-302752819.html

SOURCE WiMi Hologram Cloud Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What net income did WIMI report for fiscal year 2025?

WIMI reported net income of RMB 347.1 million (USD 49.4 million) for 2025. According to the company, this represents a 235.9% increase from RMB 103.3 million in 2024, reflecting stronger profitability for the year.

How did WIMI's operating expenses change in 2025 compared to 2024?

Operating expenses declined to RMB 147.6 million in 2025. According to the company, this is a decrease of approximately 19.4% from RMB 183.1 million in 2024, attributed to cost reduction and expense optimization.

What was WIMI's working capital at December 31, 2025 and its year-over-year change?

Working capital was RMB 2,611.6 million as of December 31, 2025. According to the company, this is a 105.8% increase from RMB 1,269.2 million at year-end 2024, indicating larger cash and liquid reserves.

Did WIMI remain profitable for multiple years including 2025?

Yes. WIMI reported two consecutive years of profitability through 2025. According to the company, net income growth and cost reductions contributed to consecutive profitable fiscal years ending December 31, 2024 and December 31, 2025.

Where can investors access WIMI's audited 2025 annual report (Form 20-F)?

Investors can access the audited Form 20-F on the SEC website and WIMI's investor relations site. According to the company, the annual report contains the audited consolidated financial statements and is available free on request.