SHENZHEN, China, April 28, 2025 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ: MLGO), (the "Company"), 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'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'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.

SHENZHEN, China, April 24, 2025 /PRNewswire/ -- MicroAlgo Inc. (the "Company" or "MicroAlgo") (NASDAQ: MLGO), announced today the development of an innovative technology, the Classical Boosted Quantum Optimization Algorithm (CBQOA). This algorithm integrates the  search capabilities of classical computing with the parallel computing characteristics of quantum computing, effectively addressing constrained optimization problems without modifying the cost function. It ensures that the evolution of quantum states remains confined within the feasible subspace, providing a more efficient solution for combinatorial optimization problems.

SHENZHEN, China, March 21, 2025 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ: MLGO), (the "Company"or "MicroAlgo"), today announced the plan to issue more new shares, considering that MicroAlgo Inc. entered into a convertible bond purchase agreement with creditors on October 7, 2024, with a total amount of US$20 million. These bonds have a maturity period of 360 days. According to the convertible bond purchase agreement, the bonds are convertible into common shares at a conversion price equal to 70% of the lowest closing market price during the 60 trading days preceding the conversion request.

SHENZHEN, China, March 17, 2025 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ: MLGO), (the "Company"or "MicroAlgo"), today announced the introduction of an innovative solution: a multi-simulator collaborative algorithm based on subgraph isomorphism, aimed at overcoming the limitations of qubit numbers and leveraging the advantages of distributed computing to enhance the performance of quantum computers.

The core concept of MicroAlgo's multi-simulator collaborative subgraph isomorphism algorithm is to decompose large quantum circuits into multiple smaller sub-circuits, leveraging parallel and distributed computing techniques to distribute computation tasks across multiple quantum computers or quantum simulators. This approach effectively utilizes the limited quantum bit resources and improves the execution efficiency of quantum circuits.

SHENZHEN, China, March 14, 2025 /PRNewswire/ -- MicroAlgo Inc. (the "Company" or "MicroAlgo") (NASDAQ: MLGO), today announced that their research and development team has improved the stability and practicality of the algorithm by optimizing the quantum circuit design, reducing the qubit error rate, which enhances the performance of the Grover algorithm in real-world applications. Throughout the entire technical process, MicroAlgo focuses on the stability and practicality of the algorithm. Through meticulous quantum circuit design and efficient quantum programming tools, they ensure that the Grover algorithm performs excellently in practical applications.

SHENZHEN, China, March 13, 2025 /PRNewswire/ -- MicroAlgo Inc. (the "Company" or "MicroAlgo") (NASDAQ: MLGO), today announced that their research team has used quantum neural networks to classify and extract features from data in databases, focusing the search space on subsets that are more likely to contain the target. By leveraging feature extraction and pattern recognition techniques in quantum machine learning, they preprocess and filter the features of the database in advance, narrowing down the search range. Grover's algorithm is then applied for precise searching, thereby improving search efficiency.

SHENZHEN, China, Jan. 2, 2025 /PRNewswire/ -- MicroAlgo Inc. (the "Company" or "MicroAlgo") (NASDAQ: MLGO), today announced the development of an innovative hybrid algorithm that combines the advantages of classical and quantum computing to optimize Multi-Query Optimization (MQO) problems.

Quantum computing is a technology that uses the principles of quantum mechanics to process information. Compared to traditional classical computers, quantum computers exhibit the potential to outperform classical computers in handling certain types of problems, such as search, optimization, and simulating quantum systems. However, the realization of quantum computers faces technical challenges, particularly in constructing quantum computers with a sufficient number of qubits and low error rates.

SHENZHEN, China, Dec. 31, 2024 /PRNewswire/ -- MicroAlgo Inc. (the "Company" or "MicroAlgo") (NASDAQ: MLGO), today announced the successful development of a groundbreaking quantum algorithm technology, specifically a FULL adder operation based on CPU registers in quantum gate computers. This innovative technology brings new possibilities to the development of quantum computing. It not only significantly enhances the efficiency and accuracy of quantum computers when performing complex computational tasks but also opens new pathways for the design and implementation of quantum gate computers.