China and USA Genetic Testing Giants: BGI Genomics and Illumina
Recent years, the genetic testing industry is developing rapidly. BGI Genomics and Illumina are typical company in China and USA respectively. In order to have a brief overview of the genetic testing industry for the two countries, the report provides a brief review of 2018 financial performance of BGI Genomics and Illumina.
1. Company Size Comparison
Table 2018 Company Size of BGI Genomics and Illumina (Million USD)
|
Company |
Founded Data |
Total Assets |
Employee |
Revenue |
|
BGI Genomics |
1998 |
808 |
3,150 |
390 |
|
Illumina |
1999 |
6,959 |
7,300 |
3,333 |
Source: 2018 Annual Report of BGI Genomics and Illumina, HDIN Research
Both BGI Genomics and Illumina are founded around 1999. But, there’s a huge gap between the two companies. For total assets, revenue and employee numbers, Illumina is ahead of BGI Genomics. There’s no doubt that Illumina is a leader in the field.
2. Operating Performance Comparison
Table 2018 Market Performance of Genomics and Illumina (Million USD)
|
Company |
Net Income |
Gross Margin |
Operating Cash Flow/Sales Ratio |
ROA |
ROE |
|
BGI Genomics |
62 |
55.31% |
0.58% |
7.67% |
9.48% |