Beijing, August 8, 2025 – WiMi Hologram Cloud Inc. (Nasdaq: WIMI) (“WiMi” or the “Company”), a leading global provider of Hologram Augmented Reality (“AR”) Technology, today reported a significant improvement in its financial performance, highlighted by a substantial increase in its cash position.
As of August 8, 2025, the Company’s total liquid assets, encompassing cash, cash equivalents, and short-term investments, including Bitcoin-related securities derivatives and short-term investments, reached approximately RMB 3.266 billion (USD 455 million). This total includes approximately RMB 1.741 billion (USD 242 million) in bank cash and approximately RMB 1.525 billion (USD 212 million) in Bitcoin-related securities derivatives and short-term investments.
The Company intends to allocate USD 450 million to investments in quantum technology and holographic technology applications, while also increasing capital allocation to blockchain and Bitcoin-related cryptocurrency applications. WiMi’s financial model in emerging technology sectors has demonstrated strong performance, with continued growth in cash reserves. This financial achievement underscores the successful implementation of the Company’s operational strategies and the effectiveness of its management.
The significant increase in cash reserves reflects a substantial strengthening and improvement in the Company’s financial health. With considerable financial resources, WiMi is well-positioned to capitalize on new opportunities, increase investment in innovative research and development, and stimulate future business expansion.
About WiMi Hologram Cloud
WiMi Hologram Cloud, Inc. (NASDAQ:WiMi) delivers comprehensive holographic cloud technical solutions, focusing on professional areas such as holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductors, holographic cloud software, and holographic car navigation. Its services and holographic AR technologies encompass holographic AR automotive applications, 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.
Safe Harbor Statements
This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by terms such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. Statements that do not relate to historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. The business outlook, management quotations, and the Company’s strategic and operational plans included in this press release contain forward-looking statements. The Company may also issue written or oral forward-looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases, other written materials, and in oral statements made by its officers, directors, or employees to third parties. Forward-looking statements are subject to inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those expressed in any forward-looking statement, including the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the anticipated growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.
Further information about these and other risks is available in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information in this press release is current as of the date of this release. The Company undertakes no obligation to update any forward-looking statement, except as required by applicable laws.
Contacts
WiMi Hologram Cloud Inc.
Email: pr@wimiar.com
ICR, LLC
Robin Yang
Tel: +1 (646) 975-9495
Email: wimi@icrinc.com
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