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MicroCloud Hologram Inc.

MicroCloud Hologram Inc. is a holographic technology company based in New York City, founded in 2020.1

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Last updated Oct 21, 2026.

Overview

403.7MRevenue, fiscal 20253
-$7.0MNet income, fiscal 20253
2020Founded1

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  • TickerHOLO on Nasdaq1
  • IndustryServices-Computer Programming, Data Processing, Etc.1
  • HeadquartersNew York City1
  • Websitewww.mcholo.com
  • Incorporated inCayman Islands4
  • Business address100 Park Avenue, New York, Ny 100174
  • Filer categoryNon-accelerated filer, Emerging growth company4

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MicroCloud Hologram Inc. (formerly known as Golden Path Acquisition Corporation), incorporated in Cayman Island on May 9, 2018, it entered into the Merger Agreement dated September 10, 2021 (as amended on August 5, 2022 and August 10, 2022), by and among Golden Path, Golden Path Merger Sub, a Cayman Islands exempted company incorporated for the purpose of effectuating the business combination, and MC Hologram Inc.(“MC”), a Cayman Islands exempted company.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.0%Gross margin3
0.1%Operating margin3
-1.7%Net margin3
39.1%Revenue growth, 20253
-1.8%Return on equity3
$7.9MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Services brought in 98% of the revenue MicroCloud Hologram Inc. broke down this way in fiscal 2025.

  1. Services393.7M CNY398%up 39% from 2024
  2. Products9.9M CNY32%up 26% from 2024
Products and services by year
Products and services202320242025
Services181.1M CNY282.4M CNY393.7M CNY
Products22.4M CNY7.9M CNY9.9M CNY

Business segments

Holographic Technology Service brought in 51% of the revenue MicroCloud Hologram Inc. broke down this way in fiscal 2025.

  1. Holographic Technology Service204.4M CNY351%up 27% from 2024
  2. Holographic Technology Intelligence Vision Software And Technology Development Service188.0M CNY347%up 87% from 2024
  3. Holographic Technology LiDAR Products9.0M CNY32%down 56% from 2024
  4. Holographic Technology Licensing And Content Product2.2M CNY31%down 72% from 2024
Business segments by year
Business segments202320242025
Holographic Technology Service135.2M CNY161.4M CNY204.4M CNY
Holographic Technology Intelligence Vision Software And Technology Development Service45.9M CNY100.6M CNY188.0M CNY
Holographic Technology LiDAR Products16.3M CNY20.3M CNY9.0M CNY
Holographic Technology Licensing And Content Product5.6M CNY8.0M CNY2.2M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue11¢$44.5M
  • Research and development2¢$8.0M
  • Selling, general and admin1¢$2.7M
  • Other costs86¢$348.5M

Out of $403.7M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$14.0K
  • Kept or used elsewhere100¢$7.9M

Out of $7.9M of cash from operations.3

Financial statements

Revenue63$403.7M in 2025+617% since 2021
0$200.0M$400.0M$600.0M2021: $56.3M$56.3M20212022: $72.5M$72.5M2022+29%2023: $203.5M$203.5M2023+181%2024: $290.3M$290.3M2024+43%2025: $403.7M$403.7M2025+39%
Gross profit6783$12.0M in 2025−69% since 2021
0$10.0M$20.0M$30.0M$40.0M2021: $39.2M$39.2M20212022: $33.2M$33.2M2022−15%2023: $10.5M$10.5M2023−68%2024: $9.2M$9.2M2024−13%2025: $12.0M$12.0M2025+31%
Operating income6783$364.6K in 2025−97% since 2021
-$30.0M-$20.0M-$10.0M0$10.0M$20.0M2021: $12.4M$12.4M20212022: -$21.2M-$21.2M20222023: -$10.9M-$10.9M2023−49%2024: -$19.4M-$19.4M2024+78%2025: $364.6K$364.6K2025
Net income9783-$7.0M in 2025+21669% since 2020
-$30.0M-$20.0M-$10.0M0$10.0M$20.0M2020: -$32.3K-$32.3K20202021: $12.8M$12.8M20212022: -$20.3M-$20.3M20222023: -$11.6M-$11.6M2023−43%2024: -$9.0M-$9.0M2024−22%2025: -$7.0M-$7.0M2025−22%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Total operating revenues403.7M CNY290.3M CNY203.5M CNY
COST OF REVENUES-317.8M CNY-224.9M CNY-129.3M CNY
GROSS PROFIT85.9M CNY65.4M CNY74.3M CNY
Selling expenses-2.7M CNY-3.5M CNY-6.7M CNY
General and administrative expenses-19.2M CNY-23.3M CNY-65.4M CNY
Research and development expenses-57.0M CNY-174.4M CNY-78.7M CNY
Provision for expected credit loss-4.4M CNY-2.5M CNY-857.7K CNY
Change in fair value of warrant liability62.5K CNY373.0K CNY
Total operating expenses-83.3M CNY-203.6M CNY-151.2M CNY
LOSS FROM OPERATIONS2.6M CNY-138.2M CNY-76.9M CNY
Finance income, net44.4M CNY23.3M CNY3.4M CNY
Investment income-98.4M CNY42.3M CNY
Profit or loss on disposal of subsidiaries311.4K CNY5.9M CNY-15.3M CNY
Other income, net888.0K CNY5.0M CNY3.1M CNY
Total other income (expenses), net-52.8M CNY76.5M CNY-8.8M CNY
Loss before income taxes-50.2M CNY-61.7M CNY-85.7M CNY
Income tax credit (expense)-2.5M CNY4.1M CNY
Net loss-50.2M CNY-64.2M CNY-81.6M CNY
Less: Net income (loss) attributable to non-controlling interests2.5M CNY-909.4K CNY-205.7K CNY
NET LOSS ATTRIBUTABLE TO MICROCLOUD HOLOGRAM INC. ORDINARY SHAREHOLDERS-52.7M CNY-63.3M CNY-81.4M CNY
Foreign currency translation adjustment-33.1M CNY533.0K CNY1.8M CNY
COMPREHENSIVE LOSS-83.3M CNY-63.7M CNY-79.8M CNY
Less: Comprehensive income (loss) attributable to non-controlling interests2.5M CNY-909.4K CNY-205.7K CNY
COMPREHENSIVE LOSS ATTRIBUTABLE TO MICROCLOUD HOLOGRAM INC-85.8M CNY-62.8M CNY-79.6M CNY
Weighted average number of ordinary shares outstanding - basic13.2M shares319.5K shares6.6K shares
Weighted average number of ordinary shares outstanding - diluted13.2M shares319.5K shares6.6K shares
Earnings per share - basic-4.00 CNY-198.19 CNY-12,420.98 CNY
Earnings per share - diluted-4.00 CNY-198.19 CNY-12,420.98 CNY

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Corporate structure

MicroCloud Hologram Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of MicroCloud Hologram Inc.

  • MicroCloud Hologram Inc. New York City

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What MicroCloud Hologram Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$558.7K3 Dec 31, 2025$527.6K8 Dec 31, 2024+5.9%
Accumulated depreciation$488.7K3 Dec 31, 2025$446.4K8 Dec 31, 2024+9.5%
Property and equipment, net$69.9K3 Dec 31, 2025$81.2K8 Dec 31, 2024−13.9%
Operating-lease assets (leased space)$168.8K3 Dec 31, 2025$326.9K8 Dec 31, 2024−48.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$262.3M3 Dec 31, 2025$118.5M8 Dec 31, 2024+121.4%
Marketable securities, current$127.9M3 Dec 31, 2025$100.9M8 Dec 31, 2024+26.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$1.7M8 Dec 31, 2024$1.7M7 Dec 31, 2023−1.5%
Accumulated amortization-$1.1M8 Dec 31, 2024-$1.1M7 Dec 31, 2023+1.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$16.8K3 Dec 31, 2025$106.5K8 Dec 31, 2024−84.3%
Raw materials$112.2K3 Dec 31, 2025$214.2K8 Dec 31, 2023−47.6%
Finished goods$6383 Dec 31, 2025$10.7K8 Dec 31, 2023−94.0%

Leadership

Who has led MicroCloud Hologram Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Shaosen Cheng2021
  2. Guohui Kang2022

Chief financial officer

  1. Teddy Zheng2021
  2. Bei Zhen2022

Chief operating officer

  1. Guolong Qi2022
2025
  • Chief executive officerGuohui Kang Sep 26, 2022 to Sep 26, 202213
  • Chief executive officerShaosen Cheng Jul 2, 2021 to Jul 2, 202114
  • Chief financial officerBei Zhen Sep 26, 2022 to Sep 26, 202215
  • Chief financial officerTeddy Zheng Jul 2, 2021 to Jul 2, 202116
  • Chief operating officerGuolong Qi Sep 26, 2022 to Sep 26, 202217
Board members and other officers (9)

Former names

  • Golden Path Acquisition CorpFeb 2, 2021 to Sep 16, 20224

Timeline

  1. Mar 14, 20238-K Results of operations25
  2. Feb 7, 20238-K Executive or director change26
  3. Nov 3, 20228-K Change of auditor27
  4. Sep 26, 2022New chief executive Guohui Kang becomes CEO13
  5. Sep 22, 20228-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer28
  6. Sep 9, 20228-K Shareholder vote29
  7. Aug 11, 20228-K Entered a material agreement30
  8. Aug 5, 20228-K Entered a material agreement31
  9. Jun 22, 20228-K Other events32
  10. Jan 20, 20228-K Earlier financial statements no longer reliable33
  11. Jan 20, 20228-K Entered a material agreement34
  12. Jul 2, 2021New chief executive Shaosen Cheng becomes CEO14
  13. 2020Founded Founded1

Calendar

When it reported results

  1. Mar 14, 2023Reported quarterly or annual results25

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

159 filings to the SEC since October 2021: 7 annual reports, 6 quarterly reports, 10 major events, 14 insider forms, 16 large holders, 106 other. The latest 20:

  1. Aug 27, 20266-K EDGAR
  2. May 14, 20263 EDGAR
  3. May 4, 20266-K EDGAR
  4. Mar 27, 20266-K EDGAR
  5. Mar 27, 202620-F EDGAR
  6. Sep 3, 20256-K EDGAR
  7. Jul 23, 2025EFFECT EDGAR
  8. Jul 23, 2025CORRESP EDGAR
  9. Jul 22, 2025UPLOAD EDGAR
  10. Jul 15, 2025F-3 EDGAR
  11. Jun 30, 2025UPLOAD EDGAR
  12. Jun 20, 2025CORRESP EDGAR
  13. Jun 17, 2025UPLOAD EDGAR
  14. Jun 16, 2025CORRESP EDGAR
  15. Jun 9, 2025UPLOAD EDGAR
  16. Jun 5, 2025424B5 EDGAR
  17. Jun 5, 20256-K EDGAR
  18. May 30, 2025CORRESP EDGAR
  19. May 20, 2025UPLOAD EDGAR
  20. Apr 23, 2025424B5 EDGAR

The 159 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How MicroCloud Hologram Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMicroCloud Hologram Inc.2
  • CIK0001841209
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsDecember 312
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address100 Park Avenue, New York, NY 100172
  • Phone21259933222
  • Shares outstanding22,512,360 shares as of Dec 31, 20255
  • AuditorAssentsure PAC, Singapore PCAOB ID 67835
  • On EDGAR sinceFeb 2, 20212
  • Filings191 in all: 6-K (35), 3 (20), CORRESP (19), UPLOAD (17), 424B5 (14), 8-K (12), SC 13D (9), SC 13G (7)2
    All 36 form types

    10-Q (6), S-4/A (6), DEFA14A (4), EFFECT (4), SC 13G/A (4), 20-F (3), 424B4 (3), F-3 (3), F-3/A (3), 10-K (2), 25-NSE (2), S-1/A (2), 10-K/A (1), 10-Q/A (1), 144 (1), 20-F/A (1), 6-K/A (1), 8-A12B (1), 8-K/A (1), CERT (1), DEFM14A (1), DRS (1), PREM14A (1), PRER14A (1), RW (1), S-1 (1), S-4 (1), S-8 (1)

  • Latest filingsAnnual report (20-F) Mar 27, 2026
    Quarterly report (10-Q) Apr 28, 2023
    Latest 8-K (8-K) Mar 14, 2023

Securities registered for trading

ClassSymbolExchange
Class A Ordinary share, $0.8 par valueHOLONasdaq
Warrants to purchase ordinary sharesHOLOWNasdaq

From the cover page of the 20-F filed Mar 27, 2026 (Section 12(b) of the Exchange Act).5

Sources

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