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Is Streamax Technology (SZSE:002970) Using Too Much Debt?
Streamax Technology (002970.SZ): can provide multi-chip solutions to meet different countries or regions' diverse chip-based needs.
Streamax Technology (002970.SZ) announced on November 11th that the company, after a long period of arduous efforts, has successfully built a three-tier R&D architecture, effectively resolving the unfavorable situation of the company's original single-chip solution. Under the three-tier R&D architecture, currently, the company can provide multi-chip solutions to meet different needs based on chips in different countries or regions. The existing chip supply is relatively abundant, including Leadcore, Rockchip Electronics, Ambarella, Horizon, Hisilicon, etc., effectively meeting customer demands.
Streamax Technology (002970.SZ): The company's products currently do not involve the use of 7-nanometer chips.
Streamax Technology (002970.SZ) announced on November 11th that overseas is one of the important sources of company revenue. The company has always adhered to a high degree of attention and priority to solve issues related to operational risks in various overseas locations. We have made sufficient preparations for the issues you mentioned. Firstly, the company invested in the construction of the first overseas intelligent manufacturing center in Vietnam by the end of 2022, which started operation and production in early May last year. In the case of high tariffs imposed by the USA, the Vietnamese factory can prioritize supply to American customers. In addition, key materials of hardware products exported to major European and American countries like the USA include the main core components.
Streamax Technology (002970.SZ): Driven by demand, several block orders industries such as overseas freight, public transportation, rental, and school buses have now entered a rapid growth trajectory.
Streamax Technology (002970.SZ) announced on November 11th that after years of continuous cultivation in overseas markets, the overseas business has now become the cornerstone of the company. Driven by demand, several main industries overseas such as freight, public transportation, rental, and school buses have entered a rapid growth track. With the strong market space of over 100 million commercial vehicles globally, the future growth prospects are favorable. The company will gradually increase the expansion of overseas business, continue to deeply layout in white-market areas such as Europe and America, increase investment in emerging markets such as Asia-Pacific and the Middle East region, and continue to focus on markets such as freight, public transportation, rental, school buses, and law enforcement.
Streamax Technology (002970.SZ): Inventory at the end of the third quarter grew significantly compared to the beginning of the year.
Gelonghui on November 11th, Streamax Technology (002970.SZ) announced that inventory at the end of the third quarter grew rapidly compared to the beginning of the year. The main reason is that work in progress and dispatched commodities account for a high proportion of inventory, representing 45% of the total inventory, with a 90% increase compared to the beginning of the year, to some extent raising the inventory growth rate. The dispatched commodities are about 0.17 billion yuan, with a growth of over 116% compared to the beginning of the year. Secondly, the high proportion of raw materials has increased by nearly 63% compared to the beginning of the year, mainly due to the company's stocking up for future operations. Regarding inventory management, inventory is one of the company's key assets under daily critical control, with at least annual mid-year and year-end assessments.
streamax technology (002970.SZ) dividends for the first three quarters: 3 yuan per 10 shares.
Streamax Technology (002970.SZ) issued an announcement, proposing the profit distribution plan for the first three quarters of the company: to implement...
Some Confidence Is Lacking In Streamax Technology Co., Ltd. (SZSE:002970) As Shares Slide 30%No Data
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