Here's Why We Think Streamax Technology (SZSE:002970) Might Deserve Your Attention Today

Simply Wall StDec 17 21:32 ET

Streamax Technology (002970.SZ): intends to use no more than 0.5 billion yuan of idle own funds for cash management.

Gelonghui on December 10 announced that Streamax Technology (002970.SZ) held its eighth meeting of the fourth Board of Directors and the eighth meeting of the fourth Supervisory Board on December 10, 2024, and approved the proposal regarding the use of idle self-owned funds for Cash / Money Market management. The company and its holding subsidiaries plan to use no more than 0.5 billion yuan (including the principal) of idle self-owned funds for Cash / Money Market management, ensuring that normal Operation is not affected. The aforementioned quota is valid for 12 months from the expiration of the previous authorization period for self-owned fund management, starting from January 19, 2025.

Gelonghui FinanceDec 10 05:41 ET

Streamax Technology Co., Ltd. (SZSE:002970) Shares Could Be 35% Above Their Intrinsic Value Estimate

Simply Wall StDec 3 20:27 ET

Streamax technology (002970.SZ): The relevant technologies that have already been implemented include ai, big data, high-definition video, cloud computing, etc.

Streamax Technology (002970.SZ) stated in recent investor relations activities that as a high-tech company, the company adheres to the basic concept that "technology is the core competence", persistently invests heavily in research and development, and has applied technologies such as artificial intelligence, big data, high-definition video, cloud computing, etc. With continuous innovation and accumulation of relevant technologies, the company has provided various industry-specific solutions for commercial vehicles based on safety, compliance, and efficiency improvement. As of June 30, 2024, the company has accumulated over 530 patents, including approximately 140 invention patents and ten foreign invention patents.

Gelonghui FinanceDec 2 02:07 ET

Streamax Technology (002970.SZ): Overseas business mainly focuses on North America and Europe, accounting for approximately 76% of overseas revenue.

Streamax Technology (002970.SZ) stated in recent investor relations activities that the company's overseas business has spread to more than 100 countries or regions globally, mainly concentrated in North America and Europe, accounting for approximately 76% of overseas revenue. The remaining revenue is mainly distributed in Central Africa, Asia-Pacific, and the Middle East. Overseas is a highly competitive value market, and the company's core competitiveness mainly focuses on the superior performance of products and advanced technology. In order to safeguard the company's competitive advantage in products, over the years, the company has continuously increased its R&D investment, continuously innovated, upgraded iteratively, and continued to introduce market-competitive products.

Gelonghui FinanceDec 2 02:06 ET

Is Streamax Technology (SZSE:002970) Using Too Much Debt?

Simply Wall StNov 18 02:46 ET