MGI Tech Expects to Narrow 2025 Loss; Shares Down 4%

MT Newswires Live

01/26

MGI Tech (SHA:688114) forecasts 2025 attributable net loss to come between 221 million yuan and 273 million yuan, compared with 600.8 million yuan the previous year.

The loss reduction of between 55% and 63% was due to cost reductions and foreign exchange gains, according to a Monday filing with the Shanghai bourse.

Shares of the genome sequencing machine manufacturer were down 4% in recent trade.

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