Streamax Technology Co Ltd (002970) - Net Assets
Based on the latest financial reports, Streamax Technology Co Ltd (002970) has net assets worth CN¥2.13 Billion CNY (≈ $311.96 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.62 Billion ≈ $529.38 Million USD) and total liabilities (CN¥1.49 Billion ≈ $217.42 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Streamax Technology Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.13 Billion |
| % of Total Assets | 58.93% |
| Annual Growth Rate | 28.4% |
| 5-Year Change | 35.57% |
| 10-Year Change | 816.59% |
| Growth Volatility | 56.24 |
Streamax Technology Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Streamax Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002970 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Streamax Technology Co Ltd (2013–2025)
The table below shows the annual net assets of Streamax Technology Co Ltd from 2013 to 2025. For live valuation and market cap data, see 002970 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.07 Billion ≈ $302.28 Million |
+22.47% |
| 2024-12-31 | CN¥1.69 Billion ≈ $246.81 Million |
+19.35% |
| 2023-12-31 | CN¥1.41 Billion ≈ $206.80 Million |
+3.80% |
| 2022-12-31 | CN¥1.36 Billion ≈ $199.23 Million |
-10.65% |
| 2021-12-31 | CN¥1.52 Billion ≈ $222.97 Million |
-2.00% |
| 2020-12-31 | CN¥1.55 Billion ≈ $227.52 Million |
+11.38% |
| 2019-12-31 | CN¥1.40 Billion ≈ $204.28 Million |
+214.75% |
| 2018-12-31 | CN¥443.53 Million ≈ $64.90 Million |
+33.24% |
| 2017-12-31 | CN¥332.88 Million ≈ $48.71 Million |
+47.71% |
| 2016-12-31 | CN¥225.37 Million ≈ $32.98 Million |
+32.51% |
| 2015-12-31 | CN¥170.08 Million ≈ $24.89 Million |
+31.81% |
| 2014-12-31 | CN¥129.03 Million ≈ $18.88 Million |
+25.46% |
| 2013-12-31 | CN¥102.85 Million ≈ $15.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Streamax Technology Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 895.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥739.55 Million | 35.71% |
| Other Components | CN¥1.33 Billion | 64.29% |
| Total Equity | CN¥2.07 Billion | 100.00% |
Streamax Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Streamax Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TECNOGLASS INC. DL-0001
F:7FH
|
$1.61 Billion |
|
Henan Lingrui Pharmaceutical Co Ltd
SHG:600285
|
$1.61 Billion |
|
Sparebank 1 Nord-Norge
OL:NONG
|
$1.61 Billion |
|
Tibet Cheezheng Tibetan Medicine Co Ltd
SHE:002287
|
$1.61 Billion |
|
Digital China Information Service Co Ltd
SHE:000555
|
$1.60 Billion |
|
Sichuan Expressway Co Ltd
SHG:601107
|
$1.60 Billion |
|
Target Hospitality Corp
NASDAQ:TH
|
$1.60 Billion |
|
AKSO HEALTH GR. (SPADR)/3
F:8HX
|
$1.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Streamax Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,684,749,000 to 2,071,032,667, a change of 386,283,667 (22.9%).
- Net income of 382,673,239 contributed positively to equity growth.
- Dividend payments of 205,266,766 reduced retained earnings.
- Other comprehensive income decreased equity by 176,733,370.
- Other factors increased equity by 385,610,564.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥382.67 Million | +18.48% |
| Dividends Paid | CN¥205.27 Million | -9.91% |
| Other Comprehensive Income | CN¥-176.73 Million | -8.53% |
| Other Changes | CN¥385.61 Million | +18.62% |
| Total Change | CN¥- | 22.93% |
Book Value vs Market Value Analysis
This analysis compares Streamax Technology Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.26x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 70.38x to 5.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.85 | CN¥60.06 | x |
| 2014-12-31 | CN¥1.05 | CN¥60.06 | x |
| 2015-12-31 | CN¥1.39 | CN¥60.06 | x |
| 2016-12-31 | CN¥1.81 | CN¥60.06 | x |
| 2017-12-31 | CN¥2.62 | CN¥60.06 | x |
| 2018-12-31 | CN¥3.31 | CN¥60.06 | x |
| 2019-12-31 | CN¥10.62 | CN¥60.06 | x |
| 2020-12-31 | CN¥8.96 | CN¥60.06 | x |
| 2021-12-31 | CN¥8.69 | CN¥60.06 | x |
| 2022-12-31 | CN¥7.87 | CN¥60.06 | x |
| 2023-12-31 | CN¥8.19 | CN¥60.06 | x |
| 2024-12-31 | CN¥9.64 | CN¥60.06 | x |
| 2025-12-31 | CN¥11.42 | CN¥60.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Streamax Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.45%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.57x
- Recent ROE (18.48%) is below the historical average (20.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 36.91% | 9.70% | 1.69x | 2.25x | CN¥27.54 Million |
| 2014 | 31.42% | 9.76% | 1.58x | 2.04x | CN¥27.12 Million |
| 2015 | 33.10% | 13.68% | 1.23x | 1.97x | CN¥38.68 Million |
| 2016 | 31.62% | 11.74% | 1.12x | 2.41x | CN¥47.24 Million |
| 2017 | 36.16% | 13.65% | 1.29x | 2.05x | CN¥84.11 Million |
| 2018 | 35.18% | 12.78% | 1.37x | 2.01x | CN¥108.20 Million |
| 2019 | 14.12% | 12.45% | 0.76x | 1.49x | CN¥56.80 Million |
| 2020 | 15.18% | 14.60% | 0.70x | 1.48x | CN¥80.13 Million |
| 2021 | 2.09% | 1.83% | 0.74x | 1.54x | CN¥-118.87 Million |
| 2022 | -10.78% | -10.59% | 0.69x | 1.47x | CN¥-282.64 Million |
| 2023 | 7.20% | 6.00% | 0.73x | 1.65x | CN¥-39.56 Million |
| 2024 | 17.21% | 10.44% | 0.91x | 1.81x | CN¥121.55 Million |
| 2025 | 18.48% | 15.45% | 0.76x | 1.57x | CN¥175.57 Million |
Industry Comparison
This section compares Streamax Technology Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,986,686,641
- Average return on equity (ROE) among peers: 6.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Streamax Technology Co Ltd (002970) | CN¥2.13 Billion | 36.91% | 0.70x | $1.61 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $6.32 Billion | 13.15% | 0.64x | $1.02 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $945.46 Million | 12.32% | 0.46x | $6.47 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $1.73 Billion | 8.71% | 0.25x | $2.03 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $3.77 Billion | 4.40% | 1.58x | $957.73 Million |
| Qingdao Doublestar Co Ltd (000599) | $2.50 Billion | 2.32% | 1.02x | $1.46 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $47.25 Million | 0.00% | 2.32x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $337.81 Million | 2.32% | 1.05x | $586.47 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $2.69 Billion | 5.00% | 1.80x | $1.87 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $700.55 Million | 11.30% | 0.76x | $274.39 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $814.60 Million | 2.14% | 1.28x | $3.50 Billion |
About Streamax Technology Co Ltd
Streamax Technology Co., Ltd. artificial intelligence connectivity solutions for commercial vehicles in China and internationally. It also offers trucking, public transit, school bus, taxi, mining, and OEM solutions. In addition, the company provides MDVRs, cameras, dashcam's, accessories, and other products. Further, it provides AI fleet operation management and vertical large model fleet manage… Read more