MicroCloud Hologram Inc. (HOLO) Key Metrics
HOLO key metrics, 2019–2025
Fiscal year ended December 31, 2025 · Chinese yuanHOLO returns How much profit the business earns on the capital it uses.
HOLO financial health Debt, liquidity and how easily interest is covered.
HOLO efficiency & capital use Working capital cycle and where the cash goes.
HOLO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HOLO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HOLO key metrics in Chinese yuan
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Returns & profitability | |||||||
| Return on equity (ROE) | −2.4% | −7.3% | −48.2% | −88.5% | 113.3% | 209.6% | — |
| Return on invested capital (ROIC) | — | −614.3% | −170.8% | −191.1% | 159.8% | 195.3% | — |
| Return on assets (ROA) | −2.3% | −7.1% | −36.8% | −59.5% | 43.9% | 31.1% | 88.9% |
| Return on tangible assets | −1.8% | −3.9% | −50.7% | −55.7% | 60.4% | 22.1% | 89.0% |
| Free cash flow margin | 14.3% | −34.0% | −14.0% | −28.0% | 28.7% | −6.6% | 12.8% |
| Income quality (OCF / net income) | — | — | — | — | 1.27 | −0.45 | 0.95 |
| Financial health | |||||||
| Total debt | CN¥50.1M | CN¥7.8M | CN¥6.0M | CN¥4.6M | CN¥370 | CN¥34.0M | — |
| Cash & short-term investments | CN¥2.74B | CN¥1.58B | CN¥126.0M | CN¥151.1M | CN¥48.0M | CN¥30.7M | CN¥998,891 |
| Net debt | −CN¥2.69B | −CN¥1.57B | −CN¥120.0M | −CN¥146.5M | −CN¥48.0M | CN¥3.3M | −CN¥998,891 |
| Debt / equity | 0.02 | 0.00 | 0.04 | 0.02 | 0.00 | 1.09 | — |
| Debt / assets | 0.02 | 0.00 | 0.04 | 0.02 | 0.00 | 0.18 | — |
| Net debt / EBITDA | −638.38 | — | — | — | −0.56 | 0.10 | −0.09 |
| Current ratio | 33.54 | 52.19 | 8.83 | 2.95 | 2.09 | 1.14 | 0.87 |
| Quick ratio | 33.54 | 52.16 | 8.75 | 2.93 | 2.06 | 1.10 | 0.78 |
| Interest coverage | — | — | — | -557.7 | 314.0 | 103.2 | 17.1 |
| Working capital | CN¥2.70B | CN¥1.58B | CN¥134.9M | CN¥158.3M | CN¥69.0M | CN¥17.0M | −CN¥1.6M |
| Invested capital | −CN¥1.7M | CN¥14.4M | CN¥21.1M | CN¥50.1M | CN¥64.3M | CN¥34.4M | −CN¥1.7M |
| Tangible asset value | CN¥2.70B | CN¥1.58B | CN¥141.2M | CN¥160.4M | CN¥69.4M | −CN¥18.2M | −CN¥734,319 |
| Net current asset value | CN¥2.70B | CN¥1.58B | CN¥132.8M | CN¥154.2M | CN¥67.0M | −CN¥19.7M | −CN¥1.6M |
| Capital allocation | |||||||
| Capex / revenue | 0.0% | 0.0% | 0.4% | 0.4% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.2% | — | — | — | 0.1% | — | 0.3% |
| Capex / depreciation | 0.06 | 0.01 | 0.11 | 0.22 | 0.02 | 0.01 | 0.04 |
| Stock-based compensation / revenue | 0.0% | 0.3% | 15.8% | 0.0% | 0.0% | 0.0% | — |
| R&D / revenue | 14.1% | 60.1% | 38.6% | 67.9% | 40.5% | 39.8% | 76.5% |
| SG&A / revenue | 5.6% | 9.2% | 35.4% | 6.5% | 7.1% | 6.9% | 7.5% |
| Efficiency | |||||||
| Days sales outstanding | 23.6 | 20.9 | 80.9 | 55.6 | 82.1 | 79.6 | 5.7 |
| Days of inventory on hand | 0.5 | 1.7 | 4.4 | 2.5 | 11.4 | 13.3 | 209.9 |
| Days payables outstanding | 20.1 | 11.9 | 88.2 | 74.6 | 168.2 | 122.0 | 366.7 |
| Cash conversion cycle (days) | 4.0 | 10.7 | -2.9 | -16.5 | -74.7 | -29.1 | -151.1 |
| Receivables turnover | 15.46 | 17.43 | 4.51 | 6.56 | 4.45 | 4.59 | 64.34 |
| Payables turnover | 18.13 | 30.55 | 4.14 | 4.89 | 2.17 | 2.99 | 1.00 |
| Inventory turnover | 703.55 | 210.18 | 82.57 | 143.71 | 31.98 | 27.49 | 1.74 |
| Asset turnover | 0.18 | 0.33 | 0.92 | 2.12 | 1.94 | 2.11 | 6.55 |
| Average receivables | CN¥25.4M | CN¥16.7M | CN¥45.1M | CN¥74.3M | CN¥80.7M | CN¥47.1M | CN¥1.2M |
| Average payables | CN¥17.1M | CN¥7.4M | CN¥31.3M | CN¥54.1M | CN¥50.1M | CN¥27.5M | CN¥2.0M |
| Average inventory | CN¥441,747 | CN¥1.1M | CN¥1.6M | CN¥1.8M | CN¥3.4M | CN¥3.0M | CN¥1.1M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 12.9% | 24.2% | 25.5% | 0.1% |
Computed from HOLO's annual financial statements (latest annual report filed March 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Chinese yuan; data from EODHD. Averages use the opening and closing balance of each year.
HOLO valuation and financial ratios
MicroCloud Hologram earned a return on equity of −2.4% in fiscal 2025. It ended the year with CN¥50.1 million of debt and CN¥2.7 billion in cash and short-term investments, a net cash position of CN¥2.7 billion.
See the HOLO income statement, the HOLO chart for price history, or the HOLO stock overview for the latest quote and news.
HOLO key metrics FAQ
What is MicroCloud Hologram's return on equity?
MicroCloud Hologram's return on equity (ROE) was −2.4% in fiscal 2025: net income of -CN¥51.3 million on average shareholders' equity of CN¥2.1 billion.
How much debt does MicroCloud Hologram have?
MicroCloud Hologram had total debt of CN¥50.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
What is MicroCloud Hologram's current ratio?
MicroCloud Hologram's current ratio was 33.54 at the end of fiscal 2025: current assets were 33.54 times current liabilities.