The company reported that its operation result made a significant turnaround, transitioning from a net loss of around RMB 510.4M in 2023 to a net income of approximately RMB 103.3M in 2024. Moreover, the company had a substantial increase in its cash and cash equivalents and Short-term investments, which further solidifies its financial position. Cash and cash equivalents and Short-term investments increased by approximately RMB 1.14B, or 148.0%, from approximately RMB 773.9M for the year ended December 31, 2023 to approximately RMB 1.92B for the year ended December 31, 2024.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WIMI:
- WiMi Hologram Cloud Reports Financial Turnaround in 2024
- Upcoming Stock Splits This Week (April 14 to April 18) – Stay Invested
- WiMi Hologram Cloud trading halted, news pending
- WiMi Hologram Cloud to Implement Reverse Share Split Amid Nasdaq Notice
- WiMi Hologram Cloud Announces 1-for-20 Reverse Share Split
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue