NEW YORK, NY / ACCESSWIRE / July 15, 2019 / 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. As one of China’s 5G holographic cloud application companies, WiMi Hologram Cloud listed IPO at NADSAQ in the United States. The prospectus showed that it was profitable in 2017 and 2018, and the company has a broad business and market prospects.
WiMi Hologram 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 WIM 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.
With the rapid construction of 5G, its large-scale commercialization is not far away. At present, the 5G construction is vigorously promoted all over the world to seize the opportunity. In the communications industry, operators take the lead, and the upstream and downstream enterprises in the industry cooperate with each other closely to provide related equipment and supporting services. Communications equipment companies, including Huawei, ZTE, Ericsson and Nokia are competing fiercely for more orders. The competition for 5G has entered the white-hot stage.
As an emerging industry, the global holographic AR market has great growth potential. Since 2016, it has attracted a lot of investment and made a huge contribution to the growth of the industry. Several organizations, including R&D institutions, are investing heavily in the technology, and are developing solutions for enterprises and consumer groups. For many years, the holographic augmented reality market has been widely used in applications such as games, media and marketing. Its expanding application in different sectors, such as advertising, entertainment, education and retail, is expected to boost demand during the forecast period.
Global Holographic AR Market Size by Revenue, 2016 - 2025E
According to the prospectus, the net profit of WiMi Hologram Cloud increased from 73.33 billion yuan in 2017 to 89.21 billion yuan in 2018. The total revenue increased from 492,262,626 yuan in the first quarter of 2018 to 78.492,282 yuan in the first quarter of 2019, with an increase of 29,265,656 yuan, and growth rate of 59.5%. The net profit increased from 22,226,934 yuan for the three months ended March 31, 2018 to 37,493,792 yuan for the three month ended March 31, 2019, with an increase of 15,266,858 yuan and the growth rate of 68.7%. The total revenue of WiMi Hologram Cloud increased from 192,029,524 yuan in 2017 to 225,271,564 yuan in 2018. (Source: U.S. SEC - FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019)