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Investing.com -- MicroCloud Hologram Inc. (NASDAQ:HOLO) stock rose 15% after the company announced it expects to achieve profitability in the first half of 2025, projecting a net profit exceeding RMB 230 million.
The anticipated profit represents a significant turnaround from the company’s financial performance in comparable periods. MicroCloud reported a net loss of approximately RMB 120 million for the first half of 2024, indicating the projected results would mark a complete reversal from losses to substantial profits.
The holographic technology company stated that the strong performance expected in the first half of 2025 should contribute positively to its full-year net profit for 2025. This forecast suggests MicroCloud anticipates continued profitability throughout the remainder of 2025.
MicroCloud Hologram develops and provides holographic technology solutions, which have applications across various industries including entertainment, education, and communications.
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