China’s 5G Holographic AI Vision Increased by 106.3%, Good Profit Growth of WIMI’s IPO on NASDAQ

By | July 19, 2019

5G is a technological advancement of a basic communication method for human beings. It does not contain any political factors that anyone imagines. Developing from 2G, 3G, 4G and 5G, China has benefited greatly from the Internet and mobile Internet industries, and has greatly improved its overall life efficiency and production efficiency. With the advent of the Chinese 5G holographic AI vision boom, WiMi Hologram Cloud was listed in the US, has been profitable for two consecutive years and has good growth. The net profit in 2017 and 2018 exceeded 160 million yuan.

China will build a international leading 5G network, plan the 5G network with independent network as the goal, promote the deployment of 5G network, and accelerate the end-to-end maturity of the 5G industry, and develop innovation platforms and R&D applications such as smart cities, Internet of vehicles, and industrial Internet and so forth relying on the 5G Joint Innovation Center and the 5G Industrial Research Institute.

With the approach of 5G commercialization, the holographic communication industry is about to erupt. As the holographic AR integrated solution service provider, WiMi Hologram Cloud ranks first in China in terms of revenue, number of customers, number of patents, number of content and number of software copyrights. The company has achieved profitability and its net profit in 2017 and 2018 exceeded 160 million yuan.

The net profit in 2018 exceeds 89 million yuan, making profits for two consecutive years. The net profit in the first quarter of 2019 grew by 68% year-on-year, and the room for profit growth has opened. With the development of 5G holographic communication, WiMi Hologram Cloud, which was established only four years ago, is expected to erupt in the future. (* Source: U.S. SEC – FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.)

WiMi Hologram Cloud plans to continue improving and strengthening existing technologies, maintain the leading position in the industry and create an ecological business model. At present, WiMi Hologram Cloud’s holographic facial recognition technology and holographic face changing technology are being applied to the existing holographic advertising and entertainment business of WiMi Hologram Cloud, and the technology is also being upgraded in order to make breakthroughs in more industry fields. WiMi Hologram Cloud aims at building a commercial ecosystem based on holographic technology application.

In 2016, the application market scale of holographic AR in the entertainment industry in China was 600 million yuan. The compound annual rate of growth is expected to have an increase of 83.5% from 2016 to 2020, 92.8% from 2020 to 2025, and reaches 180 billion yuan by 2025. This growth is attributable to the increasing popularity of entertainment broadcasting program, especially live broadcasts, including ceremonies, concerts, evening parties and sports events, where AR has great potential. In addition, the enhancement of live broadcasting functions brought by smart phones and other portable digital devices also contributes to this growth.

With the approach of 5G commercialization, the holographic communication industry is about to erupt. As the holographic AR integrated solution service provider, WiMi Hologram Cloud ranks first in China in terms of revenue, number of customers, number of patents, number of content and number of software copyrights. The company has achieved profitability and its net profit in 2017 and 2018 exceeded 160 million yuan.

The net profit in 2018 exceeds 89 million yuan, making profits for two consecutive years. The net profit in the first quarter of 2019 grew by 68% year-on-year, and the room for profit growth has opened. With the development of 5G holographic communication, WiMi Hologram Cloud, which was established only four years ago, is expected to erupt in the future.

* Source: U.S. SEC – FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.

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