Benzinga | Sep 22, 2021 08:31AM EDT

WiMi Hologram Reports 6-Month Revenue Of $79.9M

* Total revenue increased 202.2% to RMB516.2 million (US $79.9 million) for the six months ended June 30, 2021, compared to RMB170.8 million for the six months ended June 30, 2020.

* Gross profit increased 189.8% to RMB153.1 million (US $23.7 million) for the six months ended June 30, 2021, compared to RMB52.8 million for the six months ended June 30, 2020.

* R&D expenses increased 463.6% to RMB 86.1 million (US$13.3 million) for the six months ended June 30, 2021. Net income increased 40.3% to RMB32.1 million (US $5 million)for the six months ended June 30, 2021, compared to RMB22.9 million for the six months ended June 30, 2020.