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Nomura Adjusts MGI Tech's Price Target to 42.01 Yuan From 50.70 Yuan, Keeps at Neutral
Things Look Grim For MGI Tech Co., Ltd. (SHSE:688114) After Today's Downgrade
Company's semi-annual report for the year 2024.
Summary of the company's 2024 half-year report.
Express News | Mgi Tech Says H1 Net Loss Widens to 298.2 Mln Yuan
Huada Intelligent Manufacturing actively responds to market fluctuations by improving quality and efficiency, with a quarter-on-quarter increase of 23.61% in revenue from core sequencing business.
After hours on August 23, Huada Zhizao (688114.SH) disclosed its 2024 semi-annual report. In the first half of this year, despite the challenging and uncertain global and Chinese economic situation, the company continued to advance its strategic planning and achieved steady growth in its core business, demonstrating the company's resilience in its main sectors returning to normal. In the first half of this year, the company achieved main business revenue of 1.19 billion yuan, with gene sequencing instrument business revenue reaching 1.005 billion yuan, a quarter-on-quarter growth of 23.61%, instrument and equipment revenue increasing by 12.23% quarter-on-quarter, and reagent consumables revenue increasing quarter-on-quarter.
Is MGI Tech (SHSE:688114) A Risky Investment?
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