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MGI Tech Co Ltd
SSE:688114

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MGI Tech Co Ltd
SSE:688114
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Price: 48.3 CNY -6.58% Market Closed
Market Cap: 20.1B CNY
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MGI Tech Co Ltd
Accounts Payable

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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MGI Tech Co Ltd
Accounts Payable Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Accounts Payable CAGR 3Y CAGR 5Y CAGR 10Y
M
MGI Tech Co Ltd
SSE:688114
Accounts Payable
ÂĄ158.1m
CAGR 3-Years
-30%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
WuXi AppTec Co Ltd
SSE:603259
Accounts Payable
ÂĄ2B
CAGR 3-Years
10%
CAGR 5-Years
31%
CAGR 10-Years
N/A
Pharmaron Beijing Co Ltd
SZSE:300759
Accounts Payable
ÂĄ503m
CAGR 3-Years
21%
CAGR 5-Years
32%
CAGR 10-Years
N/A
WuXi Biologics (Cayman) Inc
HKEX:2269
Accounts Payable
ÂĄ3.1B
CAGR 3-Years
79%
CAGR 5-Years
65%
CAGR 10-Years
N/A
Hangzhou Tigermed Consulting Co Ltd
SZSE:300347
Accounts Payable
ÂĄ227.1m
CAGR 3-Years
22%
CAGR 5-Years
46%
CAGR 10-Years
31%
W
WuXi XDC Cayman Inc
HKEX:2268
Accounts Payable
ÂĄ620.5m
CAGR 3-Years
417%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

MGI Tech Co Ltd
Glance View

Market Cap
19.9B CNY
Industry
Life Sciences Tools & Services

MGI Tech Co Ltd, a key player in the genomics industry, emerged from the bustling biotech hub of Shenzhen, China, and swiftly carved a niche for itself with cutting-edge sequencing technology. Founded in 2016 as a subsidiary of BGI Group, MGI has dedicated itself to developing advanced genetic sequencing platforms and related products. The company’s mission is clear: to empower life science research and healthcare by providing innovative tools that make sequencing faster, cheaper, and more accessible. At the core of MGI’s success is their proprietary platform sequencing technology, known as the DNBSEQ™, which has garnered attention for its high throughput and accuracy. This technology is pivotal to their business model, as it significantly reduces the cost of sequencing, giving MGI a competitive edge in the market. MGI's business thrives on a dual revenue stream, primarily from the sale of their state-of-the-art sequencing devices and from providing sequencing services. Their portfolio of sequencing platforms, ranging from benchtop sequencers like the MGISEQ-2000 to large-scale units, caters to a diverse clientele, including research institutions, healthcare providers, and industry giants. The company supports this with a robust after-sales service and supply of consumables required for continuous operation, such as reagents and sequencing kits. By embedding itself deeply into the operational frameworks of its clients, MGI not only boosts its device sales but also ensures a persistent revenue flow from ongoing service and supplies. This business model positions MGI Tech Co Ltd as a formidable force, continually driving advancements in genome technology while expanding its global footprint.

Intrinsic Value
39.36 CNY
Overvaluation 19%
Intrinsic Value
Price
M

See Also

What is MGI Tech Co Ltd's Accounts Payable?
Accounts Payable
158.1m CNY

Based on the financial report for Dec 31, 2023, MGI Tech Co Ltd's Accounts Payable amounts to 158.1m CNY.

What is MGI Tech Co Ltd's Accounts Payable growth rate?
Accounts Payable CAGR 3Y
-30%

Over the last year, the Accounts Payable growth was -63%. The average annual Accounts Payable growth rates for MGI Tech Co Ltd have been -30% over the past three years .

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