Here are 1-2 brief analogies for MicroAlgo (MLGO):

• Accenture for bespoke AI and data algorithms.
• C3.ai for custom algorithmic services.

• Algorithm Cloud Services: Provides algorithm-as-a-service platforms and solutions through cloud infrastructure for various applications.
• Algorithm Application Services: Delivers customized algorithm solutions and integrations tailored for specific industry needs and business scenarios.
• Micro-Algorithm Solving Services: Develops and offers specialized, efficient algorithms designed to solve particular data processing or computational challenges for clients.

MicroAlgo (MLGO) Major Customers

MicroAlgo (MLGO) primarily sells its digital technology and algorithmic services to other companies (Business-to-Business or B2B). Based on its public filings, including its annual reports (Form 20-F), MicroAlgo focuses on providing algorithmic technology solutions and services to enterprises across various industries.

While MicroAlgo's public disclosures do not typically name specific major customers (likely due to the nature of its services, a diversified customer base, or confidentiality agreements), it does identify the primary categories of enterprise customers it serves. These customer categories include companies within the:

• Internet advertising industry
• Financial industry
• Smart manufacturing industry
• Game industry

Therefore, MicroAlgo's major customers are businesses operating within these sectors, for whom it provides services such as algorithmic optimization, intelligent decision-making, smart recommendation, and digital marketing.

Min Shu Chief Executive Officer & Director

Min Shu became the CEO of MicroAlgo in December 2022. His background includes prior experience at Weimi Hologram Cloud, MicroAlgo's parent company. He is recognized for leading MicroAlgo's strategic pivot to focus exclusively on algorithm services.

Li He Chief Financial Officer & Principal Accounting Officer

Li He serves as the Chief Financial Officer and Principal Accounting Officer for MicroAlgo.

Shiwen Liu Chief Operating Officer

Shiwen Liu holds the position of Chief Operating Officer at MicroAlgo.

Chengwei Yi Chief Technical Officer

Chengwei Yi is the Chief Technical Officer of MicroAlgo. He also serves as the CTO and a board member at Weimi Hologram Cloud Inc., which is the controlling shareholder of MicroAlgo, holding a 67.65% stake.

Jie Zhao Chairman of the Board

Jie Zhao is the Chairman of the Board for MicroAlgo.

Rapid Commoditization and Open-Source Availability of Advanced AI Algorithms: The accelerating trend of major technology companies and research institutions releasing increasingly powerful and versatile artificial intelligence models (e.g., large language models, sophisticated vision models) as open-source or easily accessible APIs. This development significantly lowers the barrier for businesses to integrate advanced AI capabilities into their operations without necessarily relying on specialized, bespoke algorithm service providers. For a company like MicroAlgo, whose core business is providing algorithm services, this trend poses a direct threat by devaluing proprietary or customized algorithms that are becoming increasingly available, powerful, and cost-effective through open-source channels or platform-as-a-service offerings from tech giants. This is analogous to how free user-generated content on YouTube undermined traditional paid cable subscriptions by offering a compelling alternative.

Intensified Competition from Tech Giants and Highly Specialized AI Startups: The artificial intelligence market is characterized by immense investment from global tech giants (like Alibaba, Tencent, Baidu in China, and Microsoft, Google, AWS globally) who are developing comprehensive AI platforms, acquiring promising startups, and offering advanced algorithm suites as part of their broader cloud services. Simultaneously, a growing number of well-funded and highly specialized AI startups are emerging, focusing on niche applications with proprietary, cutting-edge algorithms. MicroAlgo, a micro-cap company, faces a significant challenge in competing against the vast resources, R&D capabilities, and market reach of these large players, as well as the agility and deep specialization of focused startups, potentially leading to erosion of market share and difficulty in securing new clients. This competition from superior or more adaptable alternatives echoes the disruption seen when Apple's iPhone challenged Research in Motion's BlackBerry, or Uber threatened traditional taxicab businesses.

1. Growing Demand for AI and Quantum Computing Solutions: MicroAlgo's strategic alignment with the artificial intelligence (AI) and quantum computing megatrends positions it for long-term growth. The global AI market is projected for substantial expansion, and MicroAlgo's specialized niche in quantum technology is anticipated to establish it as a leader in this high-growth sector.
2. Expansion into New Markets and Industries: The company's focus on quantum technology and AI-driven algorithms is expected to facilitate broader adoption across various industries, including finance, healthcare, and logistics. Furthermore, MicroAlgo has signaled a strategic growth initiative through acquisitions aimed at European market expansion, enhancing its global reach.
3. Launch and Adoption of New Algorithm Platforms and Services: Strategic corporate actions, such as convertible note offerings, are providing the necessary liquidity to fund the rollout of MicroAlgo's algorithm platform and ongoing quantum computing research. Successful implementation and widespread adoption of these new platforms are expected to be key catalysts for increased revenue. The company's pivot to focus entirely on central processing algorithm services, which generated 100% of its revenue in 2024, underscores a strategic concentration on these high-potential offerings.
4. Strategic Partnerships: Collaborations and strategic partnerships, including an expanded stake by WiMi Hologram Cloud, are expected to provide a foundation for scaling MicroAlgo's operations. These alliances contribute to dynamic market positioning and are anticipated to drive shifts in company valuation and, consequently, revenue growth.

1. Share Issuance

   • MicroAlgo plans to issue new shares at $0.8 per share for debt repayment.
   • This issuance is related to a $20 million convertible bond agreement signed on October 7, 2024, with a 360-day maturity period. The bonds are convertible into common shares at 70% of the lowest closing market price during the 60 trading days preceding conversion.
   • In May 2025, MicroAlgo entered into agreements for the issuance of convertible notes totaling $80 million, with the first tranche of $20 million already issued.

2. Inbound Investments

   • WiMi Hologram Cloud increased its shareholding in MicroAlgo to nearly 68%, pledging a decade-long lock-up period for its owned shares.
   • A substantial investment from prominent shareholder Messiahsuka in June 2025 caused a significant surge in MicroAlgo's stock price.

3. Capital Expenditures

   • Capital expenditures for MicroAlgo have been relatively low, reported as -0.03 million CNY in FY 2024 and for the TTM (Trailing Twelve Months) ending June 2025.
   • Historically, capital expenditures were -1.08 million CNY in FY 2022, -0.23 million CNY in FY 2021, and -0.4 million CNY in FY 2020.
   • The company's focus on algorithm optimization and software/hardware integration suggests less need for significant hardware-related capital expenditures, aiming to accelerate computing power without extensive hardware upgrades.