MicroCloud Hologram Inc. (HOLO) Balance Sheet

NASDAQ: HOLOAssets, liabilities, debt and equity over 6 years.

HOLO balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥2.78B assets = CN¥82.8M liabilities + CN¥2.70B equity

Both columns are drawn to the same scale: what HOLO owns equals what it owes plus shareholders’ equity. Hover a block for its value.

HOLO financial health

Debt / equity0.02

Low leverage · CN¥0.02 of debt for each $1 of equity

Equity / assets96.8%

Equity-funded · of assets funded by shareholders

Cash / debt5,480.9%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

HOLO balance sheet trends, 2019–2025

MicroCloud Hologram Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥11.5M2019	CN¥2.78B2025	+199.5%/yr
Total liabilities	CN¥12.3M2019	CN¥82.8M2025	+46.5%/yr
Shareholders’ equity	−CN¥717,8292019	CN¥2.69B2025	—
Cash & short-term investments	CN¥998,8912019	CN¥2.74B2025	+387.3%/yr
Total debt	CN¥34.0M2020	CN¥50.1M2025	+10.2%/yr
Net cash (debt)	−CN¥3.3M2020	CN¥2.69B2025	+CN¥2.7B
Working capital	−CN¥1.6M2019	CN¥2.70B2025	+CN¥2.7B
Debt / equity	1.092020	0.022025	−1.08
Shares outstanding	6.6M2019	13.2M2025	+14.8%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

HOLO assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

HOLO liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

HOLO debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

HOLO balance sheet in Chinese yuan

MicroCloud Hologram Inc. annual balance sheet
	2025	2024	2022	2021	2020	2019
Assets
Cash & short-term investments	CN¥2.74B	CN¥1.58B	CN¥151.1M	CN¥48.0M	CN¥30.7M	CN¥998,891
Cash & equivalents	CN¥1.84B	CN¥851.5M	CN¥151.1M	CN¥48.0M	CN¥30.7M	CN¥998,891
Short-term investments	CN¥899.7M	CN¥725.7M	—	—	—	—
Receivables	CN¥27.3M	CN¥23.5M	CN¥80.4M	CN¥68.3M	CN¥93.1M	CN¥1.2M
Inventory	CN¥117,811	CN¥765,683	CN¥1.8M	CN¥1.9M	CN¥4.9M	CN¥1.1M
Other current assets	CN¥6.5M	CN¥9.7M	CN¥6.2M	CN¥14.0M	CN¥13.7M	CN¥7.3M
Total current assets	CN¥2.78B	CN¥1.61B	CN¥239.5M	CN¥132.2M	CN¥142.3M	CN¥10.6M
Property, plant & equipment (net)	CN¥1.7M	CN¥2.9M	CN¥5.7M	CN¥294,242	CN¥815,745	CN¥737,978
Goodwill & intangible assets	CN¥0	CN¥0	CN¥36.5M	CN¥42.9M	CN¥49.3M	CN¥16,490
Long-term investments	CN¥600,000	CN¥600,000	CN¥0	CN¥1.6M	CN¥0	CN¥0
Other non-current assets	CN¥392	CN¥320,098	CN¥417,004	CN¥449,692	CN¥627,042	CN¥133,210
Total assets	CN¥2.78B	CN¥1.61B	CN¥282.1M	CN¥177.4M	CN¥193.0M	CN¥11.5M
Liabilities
Accounts payable	CN¥20.9M	CN¥13.4M	CN¥61.2M	CN¥47.0M	CN¥53.1M	CN¥2.0M
Short-term debt	CN¥50.0M	CN¥6.7M	CN¥2.0M	CN¥370	CN¥210,546	—
Deferred revenue	CN¥5.5M	CN¥3.0M	CN¥3.4M	CN¥858,712	CN¥1.6M	CN¥257,776
Total current liabilities	CN¥82.8M	CN¥30.9M	CN¥81.1M	CN¥63.1M	CN¥125.3M	CN¥12.3M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥33.8M	CN¥0
Lease obligations	CN¥1.1M	CN¥2.5M	CN¥604,781	CN¥0	CN¥0	—
Other long-term liabilities	CN¥0	CN¥1.0M	CN¥4.1M	CN¥2.0M	CN¥2.8M	CN¥538,978
Total liabilities	CN¥82.8M	CN¥31.9M	CN¥85.2M	CN¥65.1M	CN¥161.9M	CN¥12.3M
Shareholders' equity
Common stock & paid-in capital	CN¥129.1M	CN¥7.8M	CN¥36,144	CN¥86,093	CN¥86,093	CN¥86,093
Retained earnings (deficit)	−CN¥266.2M	−CN¥209.7M	−CN¥65.5M	CN¥73.8M	−CN¥4.7M	−CN¥30.7M
Accumulated other comprehensive income	−CN¥31.4M	CN¥1.7M	CN¥7.9M	CN¥8.5M	CN¥5.8M	CN¥627,574
Minority interest	CN¥5.2M	−CN¥823,251	CN¥43,382	—	—	—
Total shareholders' equity	CN¥2.69B	CN¥1.58B	CN¥196.6M	CN¥112.3M	CN¥31.1M	−CN¥717,829
Key figures
Total debt	CN¥50.1M	CN¥7.8M	CN¥4.6M	CN¥370	CN¥34.0M	—
Net cash (debt)	CN¥2.69B	CN¥1.57B	CN¥146.5M	CN¥48.0M	−CN¥3.3M	—
Working capital	CN¥2.70B	CN¥1.58B	CN¥158.3M	CN¥69.0M	CN¥17.0M	−CN¥1.6M
Tangible book value	CN¥2.69B	CN¥1.58B	CN¥160.1M	CN¥69.4M	−CN¥18.2M	−CN¥734,319
Shares outstanding	13.2M	1.5M	1.0M	6.6M	6.6M	6.6M
Current ratio	33.54	52.19	2.95	2.09	1.14	0.87
Quick ratio	33.47	51.85	2.85	1.84	0.99	0.18
Debt / equity	0.02	0.00	0.02	0.00	1.09	—
Equity / assets	96.8%	98.1%	69.7%	63.3%	16.1%	−6.2%

MicroCloud Hologram Inc. quarterly balance sheet
	Jun '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Sep '23	Jun '23	Mar '23
Assets
Cash & short-term investments	CN¥2.55B	CN¥2.74B	CN¥2.74B	CN¥2.91B	CN¥2.91B	CN¥1.58B	CN¥1.58B	CN¥739.7M	CN¥739.7M	CN¥126.0M	CN¥136.3M	CN¥139.9M
Cash & equivalents	CN¥752.1M	CN¥1.84B	CN¥1.84B	CN¥1.60B	CN¥1.60B	CN¥851.5M	CN¥851.5M	CN¥630.1M	CN¥630.1M	CN¥126.0M	CN¥136.3M	CN¥139.9M
Short-term investments	CN¥1.80B	CN¥899.2M	CN¥899.2M	CN¥1.32B	CN¥1.32B	CN¥725.7M	CN¥725.7M	CN¥109.7M	CN¥109.7M	—	—	—
Receivables	CN¥19.7M	CN¥25.2M	CN¥25.8M	CN¥26.2M	CN¥26.2M	CN¥23.5M	CN¥23.5M	CN¥22.9M	CN¥22.9M	CN¥9.8M	CN¥65.4M	CN¥67.1M
Inventory	CN¥3,959	CN¥117,743	CN¥117,743	CN¥591,387	CN¥591,387	CN¥765,683	CN¥765,683	CN¥1.2M	CN¥1.2M	CN¥1.4M	CN¥1.9M	CN¥3.9M
Other current assets	CN¥6.8M	CN¥8.5M	CN¥8.0M	CN¥7.3M	CN¥7.3M	CN¥9.7M	CN¥9.7M	CN¥11.0M	CN¥11.0M	CN¥14.9M	CN¥10.3M	CN¥2.9M
Total current assets	CN¥2.58B	CN¥2.78B	CN¥2.78B	CN¥2.95B	CN¥2.95B	CN¥1.61B	CN¥1.61B	CN¥774.9M	CN¥774.9M	CN¥152.1M	CN¥213.8M	CN¥213.8M
Property, plant & equipment (net)	CN¥686,682	CN¥1.7M	CN¥1.7M	CN¥2.2M	CN¥2.2M	CN¥2.9M	CN¥2.9M	CN¥3.7M	CN¥3.7M	CN¥4.6M	CN¥4.9M	CN¥5.4M
Goodwill & intangible assets	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥33.3M	CN¥35.0M
Long-term investments	CN¥600,000	CN¥600,000	CN¥0	CN¥600,000	CN¥0	CN¥600,000	CN¥0	CN¥600,000	CN¥0	CN¥0	CN¥600,000	CN¥87,367
Other non-current assets	CN¥0	CN¥0	CN¥600,000	CN¥320,098	CN¥920,098	CN¥320,098	CN¥920,098	CN¥311,549	CN¥911,549	CN¥3.8M	CN¥396,451	CN¥1.0M
Total assets	CN¥2.58B	CN¥2.78B	CN¥2.78B	CN¥2.95B	CN¥2.95B	CN¥1.61B	CN¥1.61B	CN¥779.6M	CN¥779.6M	CN¥160.6M	CN¥253.0M	CN¥255.3M
Liabilities
Accounts payable	CN¥17.3M	CN¥20.9M	CN¥20.9M	CN¥13.7M	CN¥13.7M	CN¥13.4M	CN¥13.4M	CN¥7.9M	CN¥7.9M	CN¥1.3M	CN¥63.0M	CN¥60.9M
Short-term debt	CN¥45.1M	CN¥50.0M	CN¥50.0M	CN¥57.6M	CN¥57.6M	CN¥6.7M	CN¥6.7M	CN¥37.5M	CN¥37.5M	CN¥4.0M	CN¥1.5M	CN¥1.8M
Deferred revenue	CN¥4.2M	CN¥5.5M	—	CN¥570,812	—	CN¥3.0M	—	CN¥35,888	CN¥2.2M	CN¥1	CN¥1.0M	CN¥2.6M
Total current liabilities	CN¥74.5M	CN¥82.8M	CN¥82.8M	CN¥81.2M	CN¥81.2M	CN¥30.9M	CN¥30.9M	CN¥57.3M	CN¥57.3M	CN¥17.2M	CN¥79.6M	CN¥79.4M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥271,700	CN¥1.1M	—	CN¥1.8M	—	CN¥2.5M	—	CN¥2.7M	—	—	CN¥3.4M	CN¥549,921
Other long-term liabilities	CN¥0	CN¥0	CN¥0	CN¥255,401	CN¥255,402	CN¥1.0M	CN¥1.0M	CN¥1.5M	CN¥1.5M	CN¥2.1M	CN¥2.5M	CN¥3.6M
Total liabilities	CN¥74.5M	CN¥82.8M	CN¥82.8M	CN¥81.5M	CN¥81.5M	CN¥31.9M	CN¥31.9M	CN¥58.8M	CN¥58.8M	CN¥19.4M	CN¥82.1M	CN¥83.0M
Shareholders' equity
Common stock & paid-in capital	CN¥129.0M	CN¥129.0M	CN¥129.0M	CN¥83.5M	CN¥83.5M	CN¥7.8M	CN¥7.8M	CN¥783,756	CN¥783,756	CN¥42,318	CN¥36,144	CN¥34,966
Retained earnings (deficit)	−CN¥385.2M	−CN¥266.0M	−CN¥263.4M	CN¥28.1M	CN¥30.7M	−CN¥209.7M	−CN¥207.2M	−CN¥264.6M	−CN¥264.6M	−CN¥143.9M	−CN¥94.2M	−CN¥86.8M
Accumulated other comprehensive income	−CN¥112.2M	−CN¥31.4M	−CN¥33.9M	−CN¥5.4M	−CN¥8.0M	CN¥1.7M	−CN¥832,435	−CN¥1.3M	−CN¥1.3M	−CN¥1.4M	CN¥11.0M	CN¥7.3M
Minority interest	CN¥12.7M	CN¥5.2M	—	−CN¥573,349	—	−CN¥823,251	—	—	—	—	—	—
Total shareholders' equity	CN¥2.49B	CN¥2.69B	CN¥2.69B	CN¥2.87B	CN¥2.87B	CN¥1.58B	CN¥1.58B	CN¥721.7M	CN¥721.7M	CN¥141.1M	CN¥171.0M	CN¥173.0M
Key figures
Total debt	CN¥45.1M	CN¥50.0M	CN¥50.0M	CN¥57.9M	CN¥57.9M	CN¥7.8M	CN¥7.8M	CN¥39.0M	CN¥39.0M	CN¥6.0M	CN¥3.4M	CN¥4.0M
Net cash (debt)	CN¥2.50B	CN¥2.69B	CN¥2.69B	CN¥2.85B	CN¥2.85B	CN¥1.57B	CN¥1.57B	CN¥700.8M	CN¥700.8M	CN¥120.0M	CN¥132.9M	CN¥135.9M
Working capital	CN¥2.50B	CN¥2.69B	CN¥2.69B	CN¥2.86B	CN¥2.86B	CN¥1.58B	CN¥1.58B	CN¥717.7M	CN¥717.7M	CN¥134.9M	CN¥134.2M	CN¥134.4M
Tangible book value	CN¥2.49B	CN¥2.69B	CN¥2.69B	CN¥2.87B	CN¥2.87B	CN¥1.58B	CN¥1.58B	CN¥721.7M	CN¥721.7M	CN¥141.1M	CN¥137.7M	CN¥138.0M
Shares outstanding	22.9M	13.2M	21.3M	5.4M	5.4M	593K	593K	1.5M	1.5M	3.0M	3.0M	3.0M
Current ratio	34.60	33.54	33.54	36.26	36.26	52.19	52.19	13.53	13.53	8.83	2.69	2.69
Quick ratio	34.51	33.44	33.45	36.17	36.17	51.85	51.85	13.32	13.32	7.88	2.53	2.61
Debt / equity	0.02	0.02	0.02	0.02	0.02	0.00	0.00	0.05	0.05	0.04	0.02	0.02
Equity / assets	96.6%	96.8%	96.8%	97.3%	97.3%	98.1%	98.1%	92.6%	92.6%	87.9%	67.6%	67.8%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed March 27, 2026); data from EODHD.

HOLO financial position

At the end of fiscal 2025 (December 31, 2025), MicroCloud Hologram had total assets of CN¥2.8 billion (up 72.2% from a year earlier), total liabilities of CN¥82.8 million and shareholders' equity of CN¥2.7 billion. It held CN¥2.7 billion in cash and short-term investments against CN¥50.1 million of debt, a net cash position of CN¥2.7 billion. Its current ratio was 33.54. In the latest quarter (ended June 30, 2026) total assets were CN¥2.6 billion and equity CN¥2.5 billion.

Related: HOLO income statement, HOLO cash flow statement, HOLO key metrics. See the HOLO stock overview for the latest quote and news.

HOLO balance sheet FAQ

What are MicroCloud Hologram's total assets?

MicroCloud Hologram reported total assets of CN¥2.8 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥1.6 billion a year earlier.

How much debt does MicroCloud Hologram have?

MicroCloud Hologram had CN¥50.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.

How much cash does MicroCloud Hologram have?

MicroCloud Hologram held CN¥2.7 billion in cash and short-term investments at the end of fiscal 2025; with CN¥50.1 million of debt that is net cash of CN¥2.7 billion.

What is MicroCloud Hologram's book value?

MicroCloud Hologram's shareholders' equity (book value) was CN¥2.7 billion at the end of fiscal 2025.

What is MicroCloud Hologram's current ratio?

MicroCloud Hologram had current assets of CN¥2.8 billion and current liabilities of CN¥82.8 million, a current ratio of 33.54 (it can cover its short-term obligations).