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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: 48.81 CNY -2.03% Market Closed
Market Cap: 20.3B CNY
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Gross Margin
MGI Tech Co Ltd

60%
Current
56%
Average
43.8%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
60%
=
Gross Profit
1.5B
/
Revenue
2.6B

Gross Margin Across Competitors

Country CN
Market Cap 20.1B CNY
Gross Margin
60%
Country US
Market Cap 1.3T USD
Gross Margin
55%
Country US
Market Cap 196.3B USD
Gross Margin
41%
Country US
Market Cap 170.3B USD
Gross Margin
60%
Country KR
Market Cap 66.5T KRW
Gross Margin
50%
Country CH
Market Cap 37.6B CHF
Gross Margin
29%
Country US
Market Cap 38.5B USD
Gross Margin
55%
Country US
Market Cap 36.7B USD
Gross Margin
35%
Country US
Market Cap 26.4B USD
Gross Margin
59%
Country US
Market Cap 23B USD
Gross Margin
35%
Country US
Market Cap 22.3B USD
Gross Margin
64%
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MGI Tech Co Ltd
Glance View

Market Cap
20.1B CNY
Industry
Life Sciences Tools & Services

MGI Tech Co., Ltd. engages in the research and development, production, and sale of DNA sequencing instruments, reagents, and related products to support life science research, agriculture, precision medicine and healthcare. The company is headquartered in Shenzhen, Guangdong and currently employs 2,805 full-time employees. The company went IPO on 2022-09-09. The firm is mainly engaged in three businesses. The gene sequencer business mainly includes the development of small and medium-sized desktop sequencers and large and ultra-large sequencers, and the establishment of a full range of multi-model product matrix to meet the needs of users in different application scenarios. The laboratory automation business mainly includes the development of automated sample processing systems, laboratory automation pipelines, sample processing reagent consumables and other laboratory automation products. The new business mainly includes cytomic solutions, remote ultrasound robots and bioinformation Technology (BIT) products.

Intrinsic Value
44.8 CNY
Overvaluation 8%
Intrinsic Value
Price
M

See Also

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What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
60%
=
Gross Profit
1.5B
/
Revenue
2.6B
What is the Gross Margin of MGI Tech Co Ltd?

Based on MGI Tech Co Ltd's most recent financial statements, the company has Gross Margin of 60%.