MGI Tech Co

MGI Tech Co Tax Rate

The Effective Tax Rate of MGI Tech Co (688114.SS) as of Nov 1, 2026 is 19.44 %. In the previous year, Effective Tax Rate was -10.77 % — a change of -280.44% (higher).

Tax Rate

19.44 %

YoY

-280.44%

Last updated:

Effective Tax Rate of MGI Tech Co is 2025 19.44 % . Effective Tax Rate of MGI Tech Co was 2024 -10.77 % . It decreases by -280.44% higher compared to the previous year.

The MGI Tech Co Tax Rate history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Tax Rate
Date
Tax Rate
Jan 1, 2019
-82.45 CNY
Jan 1, 2020
7.94 CNY
Jan 1, 2021
20.19 CNY
Jan 1, 2022
20.08 CNY
Jan 1, 2023
-2.82 CNY
Jan 1, 2024
-10.77 CNY
Jan 1, 2025
19.44 CNY
The MGI Tech Co Tax Rate history
YEARTax RateYoY
19.44 %-280.44%
-10.77 %+282.49%
-2.82 %-114.02%
20.08 %-0.51%
20.19 %+154.19%
7.94 %-109.63%
-82.45 %—

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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

Effective Tax Rate of MGI Tech Co is 19.44 % in 2025.

Effective Tax Rate of MGI Tech Co changed from -10.77 % to 19.44 %, representing a -280.44% change. The value is higher than the previous year.

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

The effective tax rate measures the actual percentage of pretax income paid in taxes. It reflects the company's tax efficiency and planning.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Effective Tax Rate's MGI Tech Co with sector peers and the industry average to assess whether it is attractive.

To evaluate Effective Tax Rate's, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Effective Tax Rate.

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Margins — MGI Tech Co

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