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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
Other Long-Term Assets

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
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Annual
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MGI Tech Co Ltd
Other Long-Term Assets Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Other Long-Term Assets CAGR 3Y CAGR 5Y CAGR 10Y
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MGI Tech Co Ltd
SSE:688114
Other Long-Term Assets
ÂĄ300.7m
CAGR 3-Years
23%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
WuXi AppTec Co Ltd
SSE:603259
Other Long-Term Assets
ÂĄ2.4B
CAGR 3-Years
-15%
CAGR 5-Years
7%
CAGR 10-Years
N/A
Pharmaron Beijing Co Ltd
SZSE:300759
Other Long-Term Assets
ÂĄ953.7m
CAGR 3-Years
13%
CAGR 5-Years
29%
CAGR 10-Years
N/A
WuXi Biologics (Cayman) Inc
HKEX:2269
Other Long-Term Assets
ÂĄ548.8m
CAGR 3-Years
30%
CAGR 5-Years
2%
CAGR 10-Years
N/A
Hangzhou Tigermed Consulting Co Ltd
SZSE:300347
Other Long-Term Assets
ÂĄ363.9m
CAGR 3-Years
21%
CAGR 5-Years
-24%
CAGR 10-Years
54%
W
WuXi XDC Cayman Inc
HKEX:2268
Other Long-Term Assets
ÂĄ6.4m
CAGR 3-Years
134%
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 Other Long-Term Assets?
Other Long-Term Assets
300.7m CNY

Based on the financial report for Dec 31, 2023, MGI Tech Co Ltd's Other Long-Term Assets amounts to 300.7m CNY.

What is MGI Tech Co Ltd's Other Long-Term Assets growth rate?
Other Long-Term Assets CAGR 3Y
23%

Over the last year, the Other Long-Term Assets growth was 42%. The average annual Other Long-Term Assets growth rates for MGI Tech Co Ltd have been 23% over the past three years .

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