MGI Tech Co

MGI Tech Co Tax Expense

The Income Tax Expense of MGI Tech Co (688114.SS) as of Oct 29, 2026 is -53.54 M CNY. In the previous year, Income Tax Expense was 59.23 M CNY — a change of -190.39% (lower).

Tax Expense

-53.54 MCNY

YoY

-190.39%

Last updated:

Income Tax Expense of MGI Tech Co is 2025 -53.54 M CNY. Income Tax Expense of MGI Tech Co was 2024 59.23 M CNY. It decreases by -190.39% lower compared to the previous year.

The MGI Tech Co Tax Expense history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Tax Expense
Date
Tax Expense
Jan 1, 2019
107.97 M CNY
Jan 1, 2020
22.05 M CNY
Jan 1, 2021
120.32 M CNY
Jan 1, 2022
508.41 M CNY
Jan 1, 2023
16.64 M CNY
Jan 1, 2024
59.23 M CNY
Jan 1, 2025
-53.54 M CNY
The MGI Tech Co Tax Expense history
YEARTax ExpenseYoY
-53.54 MCNY-190.39%
59.23 MCNY+256.07%
16.64 MCNY-96.73%
508.41 MCNY+322.54%
120.32 MCNY+445.72%
22.05 MCNY-79.58%
107.97 MCNY—

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MGI Tech Co Stock analysis

What does MGI Tech Co do? MGI Tech Co., Ltd. generates revenue through the sale of DNA sequencing instruments, reagents, and related products for life science research, agriculture, precision medicine, and healthcare. The company's gene sequencer business offers desktop and large sequencers, creating a multi-model product range for diverse user needs. Laboratory automation products include automated sample processing systems, pipelines, and reagent consumables, targeting laboratories requiring efficient workflows. New business segments feature cytomic solutions, remote ultrasound robots, and bioinformation Technology (BIT) products, expanding into emerging applications. The primary customers are research institutions, agricultural companies, healthcare providers, and precision medicine facilities. These segments purchase the company's instruments, reagents, and automation systems to support their operations in genomics, diagnostics, and laboratory management. The gene sequencer and laboratory automation businesses form the core revenue streams, while new business products represent growth opportunities in innovative fields. MGI Tech's product portfolio spans multiple applications, with the gene sequencer business focusing on scalable sequencing solutions and laboratory automation addressing workflow efficiency. The new business segment introduces advanced technologies like remote ultrasound robots, targeting specialized healthcare environments. All products are sold directly to end-users in the specified sectors without mentioning third-party distributors or partners. MGI Tech Co is one of the most popular companies on Eulerpool.

Frequently Asked Questions about MGI Tech Co stock

Income Tax Expense of MGI Tech Co is -53.54 M CNY in 2025.

Income Tax Expense of MGI Tech Co changed from 59.23 M CNY to -53.54 M CNY, representing a -190.39% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Income Tax Expense MGI Tech Co since 2006 – with annual values, charts, and detailed analysis.

Tax expense represents the total income taxes owed. It reflects the company's tax obligations and effective tax rate.

Income Tax Expense's CNY is a key factor for investors. Changes in this metric can signal improving or deteriorating fundamentals, directly impacting the stock price. On Eulerpool, you can track Income Tax Expense's MGI Tech Co historically and in real time.

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Income Statement — MGI Tech Co

RevenueGross ProfitEBITEBITDANet IncomeEPSCost of Goods SoldR&D ExpensesSG&A ExpensesOperating ExpensesInterest ExpensePretax IncomeTax ExpenseDepreciation & AmortizationRevenue per ShareEBIT per ShareDiluted EPSEBITDA per ShareOther Income/Expense

All Key Metrics — MGI Tech Co