{"id":842538,"date":"2025-04-28T09:02:39","date_gmt":"2025-04-28T13:02:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/"},"modified":"2025-04-28T09:02:39","modified_gmt":"2025-04-28T13:02:39","slug":"microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/","title":{"rendered":"MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">Shenzhen, April  28, 2025  (GLOBE NEWSWIRE) &#8212; Shenzhen, China, April 28, 2025 \u2013 MicroAlgo Inc. (NASDAQ: MLGO), (the \u201cCompany\u201d), a leading developer and application provider of bespoke central processing algorithms, today announced its financial results for the year ended December 31, 2024. The Company reported total revenues of RMB 541.5 million (USD 75.3 million) and net income of RMB 53.4 million (USD 7.3 million), marking a significant turnaround from the previous year&#8217;s net loss of RMB 266.2 million and net loss of RMB 46.54 million in 2022. This return to profitability is largely attributed to the company&#8217;s strategic shift away from its intelligent chips and services segment, and dedication of resources resulting in strong performance in its central processing algorithm services, which accounted for 100% of revenues in 2024.<\/p>\n<p align=\"justify\">The Company&#8217;s strategic focus on central processing algorithm services has proven effective, with revenues from this segment reaching RMB 541.5 million (USD 75.3 million). MicroAlgo&#8217;s ability to provide comprehensive solutions that integrate these algorithms with its customers\u2019 needs have proven successful. The Company&#8217;s ongoing investment in research and development, totaling RMB 111.7 million (USD 15.5 million) in 2024, has been crucial in driving innovation and maintaining a competitive edge in the rapidly evolving technology landscape.<\/p>\n<p align=\"justify\">MicroAlgo&#8217;s success in 2024 demonstrates its ability to capitalize on the growing demand for central processing algorithm services in industries such as internet advertising and online gaming. The Company&#8217;s strategic initiatives, including expanding its application fields and diversifying its customer base, position it for continued growth and success in the central processing algorithm services industry. With a strong balance sheet, including cash and cash equivalents of approximately RMB 1,035.9 million (USD 144.1 million) as of December 31, 2024 (as compared to the RMB 317 million in 2023), MicroAlgo is well-positioned to pursue strategic opportunities and further enhance its technology capabilities.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <strong>Quote from Min Shu, CEO of MicroAlgo:<\/strong><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">&#8220;We are very pleased with MicroAlgo&#8217;s performance in 2024, achieving profitability and demonstrating the strength of our central processing algorithm services segment. Our commitment to innovation and providing cutting-edge solutions has enabled us to deliver significant value to our customers. Looking ahead, we will continue to invest in research and development, expand our market reach, and pursue strategic opportunities to further solidify our position as a leader in the data intelligence processing industry. We are confident in our ability to drive sustainable growth and create long-term value for our shareholders.&#8221;<\/p>\n<p align=\"justify\">The information disclosed in this press release does not purport to be complete and is qualified in its entirety by reference to the Company\u2019s annual report on Form 20-F. The annual report, which contains the Company\u2019s audited consolidate statements, can be accessed on the SEC\u2019s website at http:\/\/www.sec.gov and on the Company\u2019s investor relations website at http:\/\/ir.microalgor.com\/.<\/p>\n<p align=\"justify\">\n        <strong>About MicroAlgo Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">MicroAlgo Inc. (the \u201cMicroAlgo\u201d), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo\u2019s services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo\u2019s ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo\u2019s long-term development.<\/p>\n<p align=\"justify\">\n        <strong>Safe Harbor \/ Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains statements that may constitute \u201cforward-looking statements.\u201d Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo\u2019s periodic reports on Forms 20-F and 6-K filed with the SEC. Copies are available on the SEC\u2019s website, www.sec.gov. Words such as \u201cexpect,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cbelieves,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo\u2019s expectations with respect to future performance and anticipated financial impacts of the business transaction.<\/p>\n<p align=\"justify\">MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.<\/p>\n<p align=\"justify\">\n        <strong>Contact<\/strong>\n      <\/p>\n<p align=\"justify\">MicroAlgo Inc.<br \/>Investor Relations<br \/>Email: ir@microalgor.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQzOTg5MCM2OTA4MDYxIzIyOTk4MTY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/Mzc2MWNmN2QtYjQ3YS00NTg0LTlmZDEtYjM2YmJhYjI2YzczLTEzMTEzNjYtMjAyNS0wNC0yOC1lbg==\/tiny\/MicroAlgo-Inc.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shenzhen, April 28, 2025 (GLOBE NEWSWIRE) &#8212; Shenzhen, China, April 28, 2025 \u2013 MicroAlgo Inc. (NASDAQ: MLGO), (the \u201cCompany\u201d), a leading developer and application provider of bespoke central processing algorithms, today announced its financial results for the year ended December 31, 2024. The Company reported total revenues of RMB 541.5 million (USD 75.3 million) and net income of RMB 53.4 million (USD 7.3 million), marking a significant turnaround from the previous year&#8217;s net loss of RMB 266.2 million and net loss of RMB 46.54 million in 2022. This return to profitability is largely attributed to the company&#8217;s strategic shift away from its intelligent chips and services segment, and dedication of resources resulting in strong performance in its central processing algorithm &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-842538","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Shenzhen, April 28, 2025 (GLOBE NEWSWIRE) &#8212; Shenzhen, China, April 28, 2025 \u2013 MicroAlgo Inc. (NASDAQ: MLGO), (the \u201cCompany\u201d), a leading developer and application provider of bespoke central processing algorithms, today announced its financial results for the year ended December 31, 2024. The Company reported total revenues of RMB 541.5 million (USD 75.3 million) and net income of RMB 53.4 million (USD 7.3 million), marking a significant turnaround from the previous year&#8217;s net loss of RMB 266.2 million and net loss of RMB 46.54 million in 2022. This return to profitability is largely attributed to the company&#8217;s strategic shift away from its intelligent chips and services segment, and dedication of resources resulting in strong performance in its central processing algorithm &hellip; Continue reading &quot;MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-28T13:02:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQzOTg5MCM2OTA4MDYxIzIyOTk4MTY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services\",\"datePublished\":\"2025-04-28T13:02:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\\\/\"},\"wordCount\":721,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQzOTg5MCM2OTA4MDYxIzIyOTk4MTY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\\\/\",\"name\":\"MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services - 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(NASDAQ: MLGO), (the \u201cCompany\u201d), a leading developer and application provider of bespoke central processing algorithms, today announced its financial results for the year ended December 31, 2024. The Company reported total revenues of RMB 541.5 million (USD 75.3 million) and net income of RMB 53.4 million (USD 7.3 million), marking a significant turnaround from the previous year&#8217;s net loss of RMB 266.2 million and net loss of RMB 46.54 million in 2022. This return to profitability is largely attributed to the company&#8217;s strategic shift away from its intelligent chips and services segment, and dedication of resources resulting in strong performance in its central processing algorithm &hellip; Continue reading \"MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-28T13:02:39+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQzOTg5MCM2OTA4MDYxIzIyOTk4MTY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services","datePublished":"2025-04-28T13:02:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/"},"wordCount":721,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQzOTg5MCM2OTA4MDYxIzIyOTk4MTY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/microalgo-announces-strong-net-income-and-cash-growth-in-2024-driven-by-robust-demand-for-central-processing-algorithm-services\/","name":"MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services - 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