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Express News | streamax technology: The continuity of the company's overseas business growth is still worth looking forward to in future development.
Express News | Streamax Technology: intends to sell 47.67% equity interest in its subsidiary for 30.9855 million yuan.
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 has effectively solved the unfavorable situation of the original single-chip solution through the three-level R&D architecture built over a long period of hard work. Under the three-level R&D architecture, the company is now able to provide multiple chip solutions to meet different requirements based on chips in different countries or regions. The existing chip supply is quite extensive, including Rockchip Electronics, Ambarella, Horizon, Hisilicon, and others, effectively meeting customer needs.
Streamax Technology (002970.SZ): The company's products currently do not involve the use of 7-nanometer chips.
Gelonghui 11th November | Streamax Technology (002970.SZ) announced that overseas is one of the important sources of company income, and the company has always adhered to a highly focused and priority-solving approach to operational risks in various overseas locations. We have made sufficient preparations for the issues you mentioned. First, by the end of 2022, the company invested in the construction of the first overseas intelligent manufacturing center in Vietnam, which was completed and put into operation in early May last year. In the case of high tariffs imposed by the USA, the Vietnamese factory can prioritise supplying to American customers. In addition, the key materials of hardware products exported to major countries in Europe and the USA, such as the main chip.
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.
On November 11, Streamax Technology (002970.SZ) announced that after years of continuous cultivation in overseas markets, the overseas business has now become the cornerstone business of the company. Driven by demand, several key industries overseas, including freight, public transportation, rentals, and school buses, have entered a rapid growth track. With the strong market space volume of over one hundred million commercial vehicles worldwide, the future growth prospects are promising. The company will systematically increase its overseas business expansion, continue to deepen its presence in blank markets like Europe and America, increase investment in emerging markets such as Asia-Pacific and the Middle East, and continue to focus on markets such as freight, public transportation, rentals, 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.
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 for this is that work in progress and dispatched commodities account for a high proportion of the inventory, at 45% of the total inventory, representing a 90% increase from the beginning of the year, to some extent, boosting the inventory growth rate. The dispatched commodities were about 0.17 billion yuan, growing over 116% from the beginning of the year. Additionally, the high proportion of raw materials 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 key assets that the company focuses on controlling daily, with at least an inventory count at mid-year and year-end.
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