MGI Tech Shares Surge Over 5% Pre-Noon on Strong Q1 Revenue Growth and Business Recovery

Stock News05-15

MGI Tech Co.,Ltd. (688114.SH) rose more than 5% before noon. As of the latest update, the stock was up 5.52%, trading at 53.37 yuan, with a turnover of 254 million yuan.

The company recently disclosed its 26Q1 results. Pacific Securities noted that in 26Q1, MGI Tech achieved total operating revenue of 590 million yuan, a year-on-year increase of 24.8%. Specifically, its complete long-read sequencing business generated main business revenue of 450 million yuan, up 24.1% year-on-year; intelligent automation business revenue reached 50 million yuan, a 2.2% increase; and multi-omics business revenue was 80 million yuan, surging 47.2% compared to the same period last year.

Huatai Securities pointed out that MGI Tech's overall gross profit margin for 26Q1 was 58.6%, an adjusted increase of 3.4 percentage points from the previous year. The sales/management/R&D expense ratios were 26.7%, 15.1%, and 23.3% respectively, showing adjusted year-on-year decreases of 9.5, 10.1, and 13.1 percentage points.

The firm stated that MGI Tech's revenue resumed growth in 26Q1, driven by a recovery in market demand. The company continues to advance quality and efficiency improvements, with significant enhancements across various expense items, leading to a substantial reduction in losses for the full year 2025. Looking ahead to the full year of 2026, with the advancement of domestic substitution and increased instrument installations driving reagent and consumables sales, operational quality is expected to continue improving.

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(688114.SH) rose more than 5% before noon. As of the latest update, the stock was up 5.52%, trading at 53.37 yuan, with a turnover of 254 million yuan.</p>\n<p>The company recently disclosed its 26Q1 results. Pacific Securities noted that in 26Q1, MGI Tech achieved total operating revenue of 590 million yuan, a year-on-year increase of 24.8%. Specifically, its complete long-read sequencing business generated main business revenue of 450 million yuan, up 24.1% year-on-year; intelligent automation business revenue reached 50 million yuan, a 2.2% increase; and multi-omics business revenue was 80 million yuan, surging 47.2% compared to the same period last year.</p>\n<p>Huatai Securities pointed out that MGI Tech's overall gross profit margin for 26Q1 was 58.6%, an adjusted increase of 3.4 percentage points from the previous year. 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