WiMi Hologram Cloud Inc. (WIMI): Business Model Canvas [Dec-2025 Updated]

You're trying to map out exactly how WiMi Hologram Cloud Inc. makes money now, especially with their big push into quantum-enhanced AI. Honestly, the story isn't just about holograms anymore; it's about high-efficiency, privacy-preserving Quantum Machine Learning (QML) and securing the future. To be fair, their $\text{H}1 \text{ 2025}$ net income of $\text{RMB } \textbf{126.3 million}$ is solid, but the real anchor is that $\text{USD } \textbf{455 million}$ cash pile, which funds that massive $\text{R\&D}$ spend. Dive into the canvas below to see how they connect those deep tech resources to automotive HUDs and advertising revenue streams.

WiMi Hologram Cloud Inc. (WIMI) - Canvas Business Model: Key Partnerships

You're looking at the core relationships WiMi Hologram Cloud Inc. has built to power its holographic AR ecosystem. These aren't just casual agreements; they represent deep, controlling financial ties and strategic alliances essential for hardware and platform development.

The most significant partnership is the consolidation of control over MicroAlgo Inc. (MLGO). This isn't a simple vendor relationship; it's a majority ownership structure that dictates strategy and resource allocation.

• - Controlling 67.65% stake in MicroAlgo Inc. (MLGO) as of March 27, 2025.
• - 10-year lock-up commitment on all owned MicroAlgo shares, signaling long-term governance intent.
• - Strategic supply chain partners established for AR glasses development.
• - Collaborations supporting the development and application of holographic technologies.

The investment in MicroAlgo Inc. is substantial and long-term. WiMi Hologram Cloud Inc. holds a controlling interest, which was reinforced by a specific capital injection in mid-2025.

Here's a quick breakdown of the MicroAlgo relationship as of the latest disclosures:

The strategic supply chain for AR glasses development is crucial for moving from concept to mass production. WiMi Hologram Cloud Inc. is actively working with these partners to integrate AR technology into core areas.

These partnerships focus on developing intelligent digital solutions based on AR glasses, aiming for feasibility across the entire chain from development to mass production. This effort is supported by a significant capital allocation plan.

• - Strategic partnerships established with supply chain partners for AR glasses development.
• - Focus on engineering verification for core processes like light fields, AI vision, and holographic projection.
• - WiMi Hologram Cloud Inc. planned to dedicate approximately USD 450 million towards advancements in quantum technology and holographic applications (as of August 8, 2025).

The collaborations for the Holographic Cloud Innovation Platform tie directly into WiMi Hologram Cloud Inc.'s core technology offerings, which include holographic cloud software. The company's total cash reserves were reported at approximately RMB 3.266 billion (around USD 455 million) as of August 8, 2025, providing the financial backing for these R&D-heavy partnerships.

These relationships are designed to drive the resolution of key technical bottlenecks in the light field display field for AR glasses. It's all about building out the industrial ecosystem for large-scale AR application.

WiMi Hologram Cloud Inc. (WIMI) - Canvas Business Model: Key Activities

You're looking at the core engine driving WiMi Hologram Cloud Inc. (WIMI) right now-the actual work they are doing to generate revenue and secure future growth. This isn't just about selling; it's about deep, capital-intensive development. The Key Activities section shows where the real money and time are going, especially given their unique financial structure.

The financial foundation supporting these activities is substantial. As of August 8, 2025, WiMi Hologram Cloud Inc. reported total cash, cash equivalents, and Bitcoin-related securities derivatives investments reaching approximately RMB 3.266 billion (USD 455 million). This liquidity is what funds the high-cost R&D you see below. Honestly, their asset allocation is a major talking point.

Here's a quick look at how that cash position breaks down as of that August 2025 snapshot:

The company has explicitly signaled a commitment to future tech, planning to dedicate USD 450 million towards advancements in quantum technology and holographic applications. That's a clear directive for their key activities.

Research and Development Focus

The R&D effort is clearly bifurcated between their core AR business and next-generation computing. You see this in their recent announcements.

• - Proposing a new type of hybrid quantum-classical learning technology based on in-depth research on quantum convolutional neural networks (QCNN) as of December 4, 2025.
• - Launching a brand-new, efficient Quantum Random Access Memory (QRAM) technology on September 23, 2025, designed for efficient data storage and retrieval in both classical and quantum domains.
• - Developing privacy-preserving QML frameworks and scalable quantum neural networks.

This quantum work is definitely a strategic bet, aiming to optimize efficiency for tasks like multi-class image classification.

Holographic AR Automotive and LiDAR Development

A core operational activity involves engineering the hardware and software for vehicle integration. WiMi Hologram Cloud Inc. focuses on professional fields that directly translate to in-vehicle systems.

• - Developing holographic AR automotive HUD software, a focus area mentioned consistently in their operational descriptions.
• - Creating 3D holographic pulse LiDAR technology, which is listed as a key component of their professional service areas.
• - Building out holographic car navigation solutions.

The company's services cover in-vehicle AR holographic HUD, which is crucial for the growing demand in advanced safety features.

Content Creation for AR Applications

The technology needs content to be valuable, so a significant activity is the creation pipeline for their AR platforms. This activity bridges the R&D output with commercial deployment.

• - Developing holographic AR advertising technology solutions.
• - Creating holographic AR entertainment technology assets.

They aim to realize the application and presentation of holographic computer vision in different scenarios, promoting industry leapfrog development.

Managing Significant Investment Portfolios

This is a distinct, non-core operational activity that consumes management attention and impacts the balance sheet. You have to account for the capital management here.

As of August 8, 2025, approximately 47% of WiMi Hologram Cloud Inc.'s cash reserves were held in Bitcoin-related investments. Specifically, the amount allocated to Bitcoin-related securities derivatives and short-term investments stood at RMB 1.525 billion (USD 212 million). This activity requires constant monitoring due to the volatility risks associated with cryptocurrency exposure. Still, the company's operational success in H1 2025-reporting a net income of RMB 126.3 million (USD 17.6 million), a 926% year-over-year surge-provides the capital base for this strategy.

Finance: draft 13-week cash view by Friday.

WiMi Hologram Cloud Inc. (WIMI) - Canvas Business Model: Key Resources

You're looking at the core assets WiMi Hologram Cloud Inc. is relying on to compete in the spatial computing space. These aren't just line items; they are the tangible and intangible things the business owns that make its value proposition possible. Here's the breakdown of what they have on the books as of late 2025.

Strong liquidity is definitely a major resource right now. You need that cash buffer to fund the R&D race in AR/VR. As of the announcement on August 8, 2025, WiMi Hologram Cloud Inc.'s total cash, cash equivalents, and short-term investments hit approximately RMB 3.266 billion, which equated to about USD 455 million. That's a solid war chest, especially considering the company also announced plans to allocate USD 450 million toward emerging technologies like quantum applications.

Here's a quick look at how that liquidity breaks down as of that August 2025 report:

The intellectual property is the moat. WiMi Hologram Cloud Inc. has been aggressive in patenting its core technology, which creates a high barrier to entry for others trying to copy their specific holographic methods. This is a critical asset in a sector where tech differentiation is everything.

The portfolio details look like this:

• - Total holographic AR patents: 224
• - Granted holographic AR patents: 132
• - Pending holographic AR patents: 92

Proprietary content and software are what bring the tech to life for customers. You can't sell a platform without things to run on it, and WiMi Hologram Cloud Inc. has been building that library for years. This content is ready to deploy across their various application areas, like automotive HUDs and entertainment.

The scale of their content IP reserves is significant:

• - AR holographic content IP reserves: Over 4,654 assets
• - Software Copyrights: 325 (as of 2020 data, still a base asset)

When you look at the software itself, it's designed for broad compatibility, which helps adoption. WiMi AR software runs on operating systems including Windows, Mac OS, and Linux.

The push into next-generation computing is supported by their work on advanced algorithms. While specific framework names aren't always public, the company is actively committing capital to this area. WiMi Hologram Cloud Inc. plans to invest approximately USD 450 million toward advancements in quantum technology and holographic applications. This signals that their R&D pipeline is focused on integrating quantum-classical AI concepts into their core offerings.

Finally, the controlling stake in MicroAlgo Inc. is a major strategic resource, giving WiMi Hologram Cloud Inc. direct control over a key component supplier or technology partner. As of March 27, 2025, WiMi Hologram Cloud Inc. increased its equity position to a controlling 67.65% stake in MicroAlgo Inc. (MLGO). To underscore the long-term nature of this control, the company committed to a ten-year lock-up period for those shares.

Finance: draft 13-week cash view by Friday.

WiMi Hologram Cloud Inc. (WIMI) - Canvas Business Model: Value Propositions

You're looking at the core offerings that WiMi Hologram Cloud Inc. is putting forward to its customers as of late 2025. These aren't just concepts; they are backed by significant financial positioning and specific technological claims.

The company's financial strength provides the runway for these advanced propositions. For instance, WiMi Hologram Cloud Inc. reported a net income of RMB 126.3 million (USD 17.6 million) for the first half of 2025, marking a 926% year-over-year increase. Furthermore, the liquidity position as of June 30, 2025, was robust, with cash, cash equivalents, and short-term investments totaling RMB 3.1896 billion (USD 445.6 million), a 183% year-over-year jump.

Here's a quick look at some of the hard numbers supporting the technology claims:

High-efficiency, privacy-preserving Quantum Machine Learning (QML).

WiMi Hologram Cloud Inc. is positioning its QML work as immediately practical, even with current hardware limitations. They announced a hybrid quantum-classical learning architecture on December 4, 2025, specifically for multi-class image classification. This approach innovatively recycles measurement results from both retained and discarded qubits in quantum convolutional neural networks (QCNN). This focus on recycling information directly speaks to the promised efficiency and helps address privacy concerns inherent in data processing.

Comprehensive holographic AR technical solutions for enterprises.

The value here is in the depth of their content and processing power. The company maintains a comprehensive and diversified holographic AR content library, which includes 4,654 AR holographic contents. The underlying technology offers a speed of image processing that is 80 percent faster than the industry average.

Next-gen automotive safety via holographic AR HUD and LiDAR.

The commitment to this sector is clear through planned capital allocation. WiMi Hologram Cloud Inc. plans to dedicate USD 450 million towards advancements in quantum technology and holographic applications, which explicitly includes areas like holographic AR automotive HUD software and 3D holographic pulse LiDAR.

Immersive, interactive holographic AR entertainment experiences.

The foundation for immersive experiences is built on superior data handling. The company's technology collects between 500 to 550 data blocks within a specific space unit, vastly outperforming peers who capture only 40 to 50 data blocks. This higher density of captured data directly translates to richer, more detailed holographic renderings for entertainment applications.

Enhanced computational efficiency through quantum information reuse.

The technical mechanism for efficiency is the reuse of quantum state information. The hybrid quantum-classical learning technology proposed by WiMi Hologram Cloud Inc. achieves this by feeding measurement results from discarded qubits into separate classical fully connected branches that are fused and jointly trained with quantum parameters. This architectural design is the core of their efficiency proposition in the quantum space.

Finance: draft 13-week cash view by Friday.

WiMi Hologram Cloud Inc. (WIMI) - Canvas Business Model: Customer Relationships

You're looking at how WiMi Hologram Cloud Inc. manages its touchpoints with different customer groups as of late 2025. The relationships are segmented based on the value proposition delivered, which is clear from their focus on enterprise solutions versus developer enablement.

Dedicated B2B sales and technical support for enterprise clients.

Enterprise relationships are underpinned by the company's strong financial footing, which supports dedicated teams. As of June 30, 2025, WiMi Hologram Cloud Inc. maintained cash, cash equivalents, and short-term investments totaling RMB 3.1896 billion (or USD 445.6 million), a 183% year-over-year increase. This liquidity helps fund the specialized support for clients in sectors like automotive HUD software and 3D holographic pulse LiDAR. The client base includes major telecom operators, advertising agencies, streaming platforms, and consumer electronics manufacturers.

Direct licensing and SDK support for developer partners.

The relationship with developer partners centers on licensing access to the proprietary holographic AR content library and software development kits (SDKs). WiMi Hologram Cloud Inc. owns a library of 4,654 AR holographic contents and holds 78 registered holographic technology patents. The company explicitly mentions holographic ARSDK payment as one of its service technologies.

Automated, self-service platforms for AR advertising clients.

For AR advertising clients, the relationship leans toward automation, though the core business in 2024 was nearly 100% derived from Holographic AR Advertising Services. The platform enables the creation and deployment of interactive 3D holographic ads. The company's revenue for the half year ending June 30, 2025, was 188.24M CNY.

Long-term strategic engagement with supply chain partners.

Strategic engagement involves partners in the hardware and technology stack, such as those involved with 3D holographic pulse LiDAR and holographic semiconductors. The company announced plans in August 2025 to dedicate USD 450 million toward advancements in quantum and holographic applications, which necessitates deep, long-term alignment with key technology suppliers.

Here's a quick look at the scale of the technology assets supporting these customer relationships:

The TTM net profit margin is approximately 13.22%, showing how effectively the revenue generated through these various customer interactions translates to profit. The company is actively expanding its geographic reach beyond Greater China into North America, Europe, and Southeast Asia.

The employee count is 107, with Revenue Per Employee at $573,170.

Finance: draft 13-week cash view by Friday.

WiMi Hologram Cloud Inc. (WIMI) - Canvas Business Model: Channels

The Channels segment for WiMi Hologram Cloud Inc. centers on delivering its Augmented Reality (AR) and holographic cloud services across several key avenues, reflecting its focus on specialized B2B and B2G markets, alongside software distribution.

Direct sales efforts are heavily implied by the focus on high-value, complex deployments such as in-vehicle holographic AR HUD software and 3D holographic pulse LiDAR technology, which typically require direct negotiation with large enterprise partners, including automotive manufacturers, and potentially government entities for specialized applications. The company's overall revenue for the first half of 2025 was CNY 188.24 million, a decrease of -28.90% compared to the same period in 2024, setting the financial backdrop for these channel activities.

Online distribution covers the delivery of its software components, specifically mentioning holographic ARSDK payment and cloud software. This digital pathway supports the scalability of their software offerings, which contrasts with the hardware-heavy LiDAR and HUD components. The company maintained a very strong liquidity position as of June 30, 2025, with cash, cash equivalents, and short-term investments totaling RMB 3.1896 billion (USD 445.6 million).

Technology licensing is a critical channel, particularly for integrating core technologies like holographic vision semiconductor technology into the supply chains of manufacturers. This suggests a B2B licensing model where WiMi Hologram Cloud Inc. monetizes its intellectual property directly to producers in the semiconductor and automotive spaces. The company's total assets grew significantly to RMB 3.4 billion by mid-2025 from RMB 2.15 billion at the end of 2024, suggesting successful deployment or scaling of these licensed technologies or direct sales.

Industry-specific platforms are utilized for solutions targeting sectors like education and industrial applications, alongside their primary focus areas. The company's full-year 2024 revenue was CNY 541.92 million, with 76.62% originating from Mainland People's Republic of China (PRC) revenues (CNY 415.2M) and 23.38% from Hong Kong revenues (CNY 126.72M).

Here's a look at the financial context underpinning these channel activities as of late 2025:

The primary delivery mechanisms for WiMi Hologram Cloud Inc.'s technology portfolio include:

• - Direct sales force for automotive HUD and LiDAR integration.
• - Online distribution for holographic ARSDK payment services.
• - Technology licensing to semiconductor partners.
• - Industry platforms for AR virtual advertising and entertainment.

WiMi Hologram Cloud Inc. (WIMI) - Canvas Business Model: Customer Segments

You're looking at the core groups WiMi Hologram Cloud Inc. (WIMI) targets with its holographic AR technology stack as of late 2025. The customer base is clearly segmented across high-tech, high-value industries, which aligns with their recent profitability surge; net income for the first half of 2025 hit RMB 126.3 million (or USD 17.6 million), up a massive 926% year-over-year. That kind of bottom-line improvement suggests they are successfully monetizing these specific customer relationships.

The company's focus areas, which define these segments, include in-vehicle holographic AR technology, 3D holographic pulse LiDAR, holographic cloud software, and metaverse holographic AR/VR devices. Here's a breakdown of the key customer segments:

• - Automotive OEMs and Tier 1 suppliers (HUD, navigation).
• - Advertising agencies and media companies (holographic ads).
• - Entertainment and gaming developers (AR/VR content).
• - Industrial and educational institutions (AR glasses solutions).
• - Quantum and AI research partners.

To be fair, historically, the Advertising agencies and media companies segment has been the overwhelming revenue driver. For the fiscal year ending December 31, 2024, AR advertising services revenues accounted for 100.0% of total revenues. This concentration is a key point, but the recent financial performance suggests diversification into the other segments is either happening or is the near-term focus, given the R&D spend on automotive and quantum tech.

The automotive sector remains a strategic target, focusing on solutions like holographic AR HUD software and car navigation. While a partnership with an electronic subsidiary of Toyota Group was announced back in 2021, the current focus is on integrating technologies like 3D holographic pulse LiDAR into the rapidly evolving electric vehicle (EV) market. This segment requires high-reliability, high-margin software and hardware integration.

The push into advanced research is evident through public announcements regarding their work with Quantum and AI research partners. WiMi Hologram Cloud Inc. has recently proposed new types of hybrid quantum-classical learning technology based on quantum convolutional neural networks (QCNN). This positions them to serve research institutions and tech firms needing next-generation AI processing capabilities.

Here's a quick look at the financial context supporting the scale of operations serving these segments as of mid-2025:

For Entertainment and gaming developers, the focus is on holographic AR virtual entertainment technology and metaverse applications. This ties into the broader AR/VR content creation market. Similarly, the Industrial and educational institutions segment is addressed through offerings like head-mounted light field holographic equipment and AR services, which are noted as a target area.

The company's ability to maintain strong liquidity, with cash, cash equivalents, and short-term investments reaching USD 445.6 million as of June 30, 2025, gives it the financial runway to deepen relationships across all these specialized customer segments, even if the top-line revenue saw a contraction in the first half of 2025. Finance: review the Q3 2025 cash flow statement against segment-specific contract milestones by next Tuesday.

WiMi Hologram Cloud Inc. (WIMI) - Canvas Business Model: Cost Structure

You're looking at the cost side of the WiMi Hologram Cloud Inc. equation, and honestly, it's dominated by future-facing bets. The cost structure is heavily weighted toward innovation and asset acquisition, which is typical for a company pushing deep tech like holographic AR and quantum integration. Here's the quick math on where the money is going, based on the latest figures we have as of late 2025.

The company's massive cash position, reported at approximately RMB 3.266 billion (around USD 455 million) as of August 2025, is being strategically deployed, making planned capital expenditures a huge component of the cost structure. This isn't just about keeping the lights on; it's about funding the next technological leap.

High R&D Expenditure, Including USD 450 Million Planned Quantum Investment

The single largest planned cost outlay is the commitment to research and development in next-generation fields. WiMi Hologram Cloud Inc. has signaled its intent to allocate a staggering USD 450 million toward advancements in quantum technology and holographic applications. This dwarfs historical R&D spending; for context, R&D expenses for the full year ended December 31, 2024, were approximately RMB 111.7 million (USD 15.5 million). So, this planned quantum investment represents a massive, near-term spike in the cost base, reflecting a strategic pivot toward hybrid quantum-classical AI models.

Significant Personnel Costs for Specialized AI and Holographic Engineers

Developing and maintaining proprietary technology requires top-tier talent, which translates directly into high personnel costs. While we don't have the exact 2025 salary budget, we know the company has 107 full-time employees as of late 2025. Personnel costs, primarily salary and benefits for in-house software engineers, form the core of the operating expenses, which were reported at $20.77M USD for the latest annual period, down significantly from $56.08M in 2023, suggesting a leaner operational structure supporting the high-value R&D focus.

Costs Associated with Maintaining and Expanding Patent Portfolio

Protecting intellectual property in the AR and quantum space is non-negotiable, meaning legal and filing fees are a constant drain. These costs cover the maintenance of existing patents and the filing fees for new applications related to their hybrid quantum-classical learning architecture. We don't have a specific dollar amount for patent costs for 2025, but this is an embedded, necessary expense tied directly to their key resource: proprietary technology.

Capital Costs for Acquiring and Holding Bitcoin-Related Investments

A unique element of WiMi Hologram Cloud Inc.'s cost structure involves capital deployment into volatile assets. As of August 2025, the company held approximately RMB 1.525 billion (USD 212 million) in Bitcoin-related securities derivatives and short-term investments. This represented about 47% of their total cash reserves of USD 455 million. The capital cost here isn't just the initial outlay; it includes potential impairment charges or losses if the value of these holdings declines, which is a real risk you need to track.

General and Administrative Expenses for Global Operations

These are the overheads required to run the global business, though the company appears to have aggressively managed this area. For the year ended December 31, 2024, General and administrative expenses were reported at approximately RMB 34.2 million (USD 4.8 million). That figure was a 78.2% decrease from the prior year, showing a clear effort to keep fixed overhead low relative to the massive planned R&D spend. You'll want to watch if these G&A costs creep up as the USD 450 million quantum project scales.

To map these out clearly, here's a snapshot of the most concrete figures we have for the cost base:

The cost structure is clearly defined by two major buckets: the massive, strategic USD 450 million allocation for future tech and the significant capital already deployed into Bitcoin-related assets. Everything else, like personnel and G&A, seems to be managed tightly around that core.

WiMi Hologram Cloud Inc. (WIMI) - Canvas Business Model: Revenue Streams

You're looking at the core ways WiMi Hologram Cloud Inc. (WIMI) brings in money as of late 2025. Honestly, the focus remains heavily on their AR technology ecosystem, but the latest figures show a shift in the top line.

The primary sources for WiMi Hologram Cloud Inc. (WIMI) revenue streams are structured around their core technology offerings:

• - Holographic AR advertising service fees.
• - Licensing fees for holographic AR software and SDKs (Software Development Kits).
• - Revenue from holographic AR entertainment content and services.
• - Sales of holographic AR hardware like LiDAR and head-mounted devices.
• - Net income for H1 2025 was RMB 126.3 million (USD 17.6 million).

To give you a clear picture of the recent financial performance underpinning these streams, here are the key numbers from the first half of 2025:

The revenue for the trailing twelve months ending June 30, 2025, stood at CNY 439.35 million, which was down from the annual revenue reported for the full year 2024 of CNY 541.92 million. That's a significant drop in the top line, but the bottom line tells a different story for the first half of this year.

The profitability derived from these revenue streams is quite stark. The net income growth of 926% year-over-year for H1 2025, moving to RMB 126.3 million, suggests that while top-line revenue contracted, the company achieved exceptional operational execution, likely by focusing on higher-margin activities within those four revenue categories. If onboarding takes 14+ days, churn risk rises, but here, cost control seems to have been the focus.

The specific contribution from each of the four service/product areas-advertising, licensing, content, and hardware sales-isn't broken out in the latest public filings I have access to, but the overall financial health is supported by a strong liquidity position. Cash, cash equivalents, and short-term investments reached RMB 3.1896 billion (USD 445.6 million) by June 30, 2025. Finance: draft 13-week cash view by Friday.