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WiMi Hologram Cloud (WiMi Hologram Cloud) Net Margin % : -0.83% (As of Jun. 2023)


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What is WiMi Hologram Cloud Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. WiMi Hologram Cloud's Net Income for the six months ended in Jun. 2023 was $-0.31 Mil. WiMi Hologram Cloud's Revenue for the six months ended in Jun. 2023 was $36.97 Mil. Therefore, WiMi Hologram Cloud's net margin for the quarter that ended in Jun. 2023 was -0.83%.

The historical rank and industry rank for WiMi Hologram Cloud's Net Margin % or its related term are showing as below:

WIMI' s Net Margin % Range Over the Past 10 Years
Min: -63.26   Med: 6.15   Max: 39.61
Current: -63.26


WIMI's Net Margin % is ranked worse than
87.58% of 1039 companies
in the Media - Diversified industry
Industry Median: 1.5 vs WIMI: -63.26

WiMi Hologram Cloud Net Margin % Historical Data

The historical data trend for WiMi Hologram Cloud's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

WiMi Hologram Cloud Net Margin % Chart

WiMi Hologram Cloud Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Margin %
Get a 7-Day Free Trial 39.61 32.02 -19.73 -25.27 -52.43

WiMi Hologram Cloud Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.37 -58.21 -9.20 -128.15 -0.83

Competitive Comparison of WiMi Hologram Cloud's Net Margin %

For the Advertising Agencies subindustry, WiMi Hologram Cloud's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


WiMi Hologram Cloud's Net Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, WiMi Hologram Cloud's Net Margin % distribution charts can be found below:

* The bar in red indicates where WiMi Hologram Cloud's Net Margin % falls into.



WiMi Hologram Cloud Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

WiMi Hologram Cloud's Net Margin for the fiscal year that ended in Dec. 2022 is calculated as

Net Margin=Net Income (A: Dec. 2022 )/Revenue (A: Dec. 2022 )
=-51.312/97.866
=-52.43 %

WiMi Hologram Cloud's Net Margin for the quarter that ended in Jun. 2023 is calculated as

Net Margin=Net Income (Q: Jun. 2023 )/Revenue (Q: Jun. 2023 )
=-0.307/36.97
=-0.83 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


WiMi Hologram Cloud  (NAS:WIMI) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


WiMi Hologram Cloud Net Margin % Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Traded in Other Exchanges
Address
1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020
WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.