MicroCloud Hologram Inc. (HOLO) Form 6-K — Aug 27, 2026
MicroCloud Hologram (HOLO) furnished its H1 2026 interim financials via Form 6-K: revenue rose 34.0% year over year to RMB 213.8 million (USD 31.0 million), driven by a 115% jump in holographic solutions revenue, but the company swung to a net loss of RMB 111.8 million (USD 16.2 million) from a RMB 238.1 million net income a year earlier. The loss was driven primarily by a RMB 134.1 million (USD 19.4 million) investment loss on short-term investments, which include speculative Phoenix auto-callable structured notes.
Key figures
- Eps
- USD -0.74 basic and diluted (RMB -5.11) for H1 2026
- Revenue
- USD 31.0 million (RMB 213.8 million) for H1 2026
- Net Income
- Net loss of RMB 111.8 million (USD 16.2 million) for H1 2026 vs. net income of RMB 238.1 million for H1 2025
- Total Debt
- RMB 43.9 million (USD 6.4 million) convertible bonds outstanding, due to mature July 2026
- Revenue Yoy
- +34.0%
- Total Assets
- RMB 2,577.9 million (USD 378.5 million) as of June 30, 2026
- Cash Position
- RMB 752.1 million (USD 110.4 million) as of June 30, 2026
- Cash Change
- Cash fell RMB 1,091.3 million during H1 2026 (from RMB 1,843.4 million to RMB 752.1 million)
- Gross Margin
- 13.7% in H1 2026 vs. 22.4% in H1 2025
- Customer Count
- 39 customers in H1 2026 vs. 84 in H1 2025 (-53.6%)
- Investment Loss
- RMB 134.1 million (USD 19.4 million) from fair value change in short-term investments
- Working Capital
- RMB 2,502.1 million (USD 367.4 million) as of June 30, 2026
- Rnd Expense Change
- -63.9% (RMB 24.1 million to RMB 8.7 million)
- Customer Concentration
- Two customers accounted for 23.1% and 22.3% of H1 2026 revenues
- Customer Retention Rate
- 17% in H1 2026 vs. 33% in H1 2025
- Net Cash From Operations
- RMB 22.6 million (USD 3.3 million) for H1 2026
- Holographic Solutions Revenue Growth
- +115.0% to RMB 140.7 million (USD 20.4 million)
- Holographic Tech Service Revenue Change
- -22.0% to RMB 73.1 million (USD 10.6 million)
AI analysis
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