| Segments |
Note 17 — Segments
ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for detailing the Company’s business segments.
The Company’s chief operating decision maker is the Chief Executive Officer, who reviews the financial information of the separate operating segments when making decisions about allocating resources and assessing the performance of the group. The Company’s revenues are primarily generated in the PRC. Information about geographic areas, including revenues and long-lived assets, is disclosed separately. The CODM evaluates segment performance primarily based on revenue and gross profit. The Company has determined that it has two operating segments: (1) holographic solutions, and (2) holographic technology service. The segments differ based on the nature of products and services and how they are managed and evaluated internally.
The following tables present summary information by segment for the six months ended June 30, 2025 and 2026:
| Schedule of segments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Holographic
solutions |
|
|
Holographic
technology
service |
|
|
Total
June 30,
2025 |
|
|
Total
June 30,
2025 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
USD |
|
| Revenues |
|
|
65,306,664 |
|
|
|
94,291,988 |
|
|
|
159,598,652 |
|
|
|
22,216,776 |
|
| Cost of revenues |
|
|
(53,110,990 |
) |
|
|
(70,742,697 |
) |
|
|
(123,853,687 |
) |
|
|
(17,240,933 |
) |
| Gross profit |
|
|
12,195,674 |
|
|
|
23,549,291 |
|
|
|
35,744,965 |
|
|
|
4,975,843 |
|
| Depreciation and amortization |
|
|
(115,538 |
) |
|
|
(977 |
) |
|
|
(116,515 |
) |
|
|
(16,219 |
) |
| Total capital expenditures |
|
|
(17,350 |
) |
|
|
(12,344 |
) |
|
|
(29,694 |
) |
|
|
(4,134 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Holographic
solutions |
|
|
Holographic
technology
service |
|
|
Total
June 30,
2026 |
|
|
Total
June 30,
2026 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
USD |
|
| Revenues |
|
|
140,691,479 |
|
|
|
73,084,755 |
|
|
|
213,776,234 |
|
|
|
31,001,832 |
|
| Cost of revenues |
|
|
(119,325,397 |
) |
|
|
(65,060,518 |
) |
|
|
(184,385,915 |
) |
|
|
(26,739,648 |
) |
| Gross profit |
|
|
21,366,082 |
|
|
|
8,024,237 |
|
|
|
29,390,319 |
|
|
|
4,262,184 |
|
| Depreciation and amortization |
|
|
(65,445 |
) |
|
|
(6,641 |
) |
|
|
(72,086 |
) |
|
|
(10,454 |
) |
| Total capital expenditures |
|
|
(88,710 |
) |
|
|
- |
|
|
|
(88,710 |
) |
|
|
(12,865 |
) |
Total assets as of:
| |
|
December 31,
2025 |
|
|
June 30,
2026 |
|
|
June 30,
2026 |
|
| |
|
RMB |
|
|
RMB |
|
|
USD |
|
| |
|
(Audited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
| Holographic solutions |
|
|
2,758,511,223 |
|
|
|
2,565,309,541 |
|
|
|
376,647,658 |
|
| Holographic technology service |
|
|
20,187,715 |
|
|
|
12,541,148 |
|
|
|
1,841,335 |
|
| Total assets |
|
|
2,778,698,938 |
|
|
|
2,577,850,689 |
|
|
|
378,488,993 |
|
Significant segment expenses are as follows:
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Holographic
solutions |
|
|
Holographic
technology service |
|
|
Total
June 30,
2025 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
| Selling expenses |
|
|
(762,131 |
) |
|
|
(420,984 |
) |
|
|
(1,183,115 |
) |
| General and administrative expenses |
|
|
(8,281,237 |
) |
|
|
(2,104,164 |
) |
|
|
(10,385,401 |
) |
| Research and development expenses |
|
|
(2,116,226 |
) |
|
|
(21,975,586 |
) |
|
|
(24,091,812 |
) |
| Allowance for credit losses |
|
|
389,131 |
|
|
|
195,582 |
|
|
|
584,713 |
|
| Total |
|
|
(10,770,463 |
) |
|
|
(24,305,152 |
) |
|
|
(35,075,615 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Holographic
solutions |
|
|
Holographic
technology service |
|
|
Total
June 30,
2026 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
| Selling expenses |
|
|
(855,313 |
) |
|
|
(1,650 |
) |
|
|
(856,963 |
) |
| General and administrative expenses |
|
|
(8,584,642 |
) |
|
|
(1,553,737 |
) |
|
|
(10,138,379 |
) |
| Research and development expenses |
|
|
(2,188,681 |
) |
|
|
(6,518,868 |
) |
|
|
(8,707,549 |
) |
| Allowance for credit losses |
|
|
(233,516 |
) |
|
|
170,497 |
|
|
|
(63,019 |
) |
| Total |
|
|
(11,862,152 |
) |
|
|
(7,903,758 |
) |
|
|
(19,765,910 |
) |
|