Wimi Hologram Cloud (WIMI) has released an update.
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WiMi Hologram Cloud Inc. has reported a full impairment of goodwill for its reporting units Shenzhen Yidian, Shenzhen Yitian, and Guoyu for the year ended December 31, 2023, after their carrying values exceeded or matched their fair values. This financial update follows an annual goodwill impairment analysis conducted with the aid of an independent valuation firm. The impairment reflects adjustments in the company’s asset valuations and has potential implications for investors tracking the firm’s financial health.
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