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MGI Tech Co (SHSE:688114) Construction In Progress : ¥363 Mil (As of Mar. 2024)


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What is MGI Tech Co Construction In Progress?

MGI Tech Co's quarterly construction in progress declined from Sep. 2023 (¥1,269 Mil) to Dec. 2023 (¥340 Mil) but then increased from Dec. 2023 (¥340 Mil) to Mar. 2024 (¥363 Mil).

MGI Tech Co's annual construction in progress increased from Dec. 2021 (¥59 Mil) to Dec. 2022 (¥752 Mil) but then declined from Dec. 2022 (¥752 Mil) to Dec. 2023 (¥340 Mil).


MGI Tech Co Construction In Progress Historical Data

The historical data trend for MGI Tech Co's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MGI Tech Co Construction In Progress Chart

MGI Tech Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial 10.44 88.95 58.69 751.73 340.48

MGI Tech Co Quarterly Data
Dec17 Dec18 Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 805.16 1,147.69 1,268.77 340.48 363.04

MGI Tech Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.


MGI Tech Co (SHSE:688114) Business Description

Traded in Other Exchanges
N/A
Address
Beishan Industrial Zone, 2nd Floor, Comprehensive Building and Building 11, Yantian District, Guangdong Province, Shenzhen, CHN, 518083
MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare and other relevant industries.

MGI Tech Co (SHSE:688114) Headlines

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