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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
12 Months Ended
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2024
CNY (¥)
¥ / shares
shares
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
OPERATING REVENUES        
Total operating revenues $ 75,327,948 ¥ 541,487,420 ¥ 580,016,414 ¥ 586,060,092
COST OF REVENUES (53,936,782) (387,719,164) (406,026,720) (458,587,778)
GROSS PROFIT 21,391,166 153,768,256 173,989,694 127,472,314
OPERATING EXPENSES        
Selling expenses (305,871) (2,198,718) (2,760,388) (3,769,663)
General and administrative expenses (2,746,666) (19,744,131) (24,916,851) (34,516,321)
Research and development expenses (15,537,347) (111,688,665) (161,191,572) (93,684,006)
Stock compensation expenses (117,415,639)
Impairment loss for goodwill (106,274,006) (35,493,300)
Impairment loss for long-lived assets (6,602,198) (13,713,233)
Change in fair value of warrant liability 832,355
Total operating expenses (18,589,884) (133,631,514) (419,160,654) (180,344,168)
(LOSS)/INCOME FROM OPERATIONS 2,801,282 20,136,742 (245,170,960) (52,871,854)
OTHER INCOME/(EXPENSE)        
Investment (loss)/income 1,723,531 12,389,436 (27,925,753) (1,064,204)
Interest income 3,733,737 26,839,592 3,883,115 1,789,539
Finance expenses, net (109,233) (785,213) (613,232) (443,802)
Other income/(expense), net (6,629) (47,655) 1,127,156 2,246,901
Total other income/(expense), net 5,341,406 38,396,160 (23,528,714) 2,528,434
(LOSS)/INCOME BEFORE INCOME TAXES 8,142,688 58,532,902 (268,699,674) (50,343,420)
BENEFIT OF/(PROVISION FOR) INCOME TAXES        
Current (777,717) (5,590,543) (166,476) (102,338)
Deferred (76,165) (547,502) 2,666,910 3,901,192
Total benefit of/(provision for) income tax (853,882) (6,138,045) 2,500,434 3,798,854
NET (LOSS)/INCOME 7,288,806 52,394,857 (266,199,240) (46,544,566)
Less: Net income attributable to non-controlling interests 1,918,382 13,790,099 2,014,100 292,942
NET (LOSS)/INCOME ATTRIBUTABLE TO MICRO ALGO INC. 5,370,424 38,604,758 (268,213,340) (46,837,508)
NET (LOSS)/INCOME 7,288,806 52,394,857 (266,199,240) (46,544,566)
OTHER COMPREHENSIVE (LOSS)/INCOME        
Foreign currency translation adjustment 702,680 5,004,259 (57,547,208) (30,643,029)
COMPREHENSIVE (LOSS)/INCOME 7,991,486 57,399,116 (323,746,448) (77,187,595)
Less: Comprehensive income attributable to non-controlling interests 1,918,382 13,790,099 2,014,100 35,453
COMPREHENSIVE (LOSS)/INCOME ATTRIBUTABLE TO MICRO ALGO INC. $ 6,073,104 ¥ 43,609,017 ¥ (325,760,548) ¥ (77,223,048)
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES        
Basic 3,669,215 3,669,215 22,810 19,930
Diluted 9,664,959 9,664,959 22,810 19,930
(LOSS)/EARNINGS PER SHARE        
Basic | (per share) [1] $ 1.46 ¥ 10.52 ¥ (11,758.83) ¥ (2,350.08)
Diluted | (per share) [1] $ 0.56 ¥ 3.99 ¥ (11,758.83) ¥ (2,350.08)
Service [Member]        
OPERATING REVENUES        
Total operating revenues $ 75,327,948 ¥ 541,487,420 ¥ 569,906,586 ¥ 447,812,310
Product [Member]        
OPERATING REVENUES        
Total operating revenues ¥ 10,109,828 ¥ 138,247,782
[1] Number of shares has been retrospectively adjusted for the share consolidation (10 to 1, and 20 to 1) effective March 22, 2024 and December 13, 2024