Streamax(SZ:002970) ZHESHANG SECURITIES·2024-10-16 05:23Investment Rating - The investment rating for the company is "Buy" [3] Core Insights - The company has shown significant growth in overseas business, with a forecasted revenue of 1.902 billion yuan for the first three quarters, representing a year-on-year increase of 53.89%, and a net profit of 219 million yuan, up 168.80% [1] - The company is a leader in commercial vehicle monitoring information technology, benefiting from a strong technological advantage and cost-effectiveness [1] - The overseas revenue proportion has been increasing for seven consecutive years, reaching 52.18% in the first half of 2024, indicating successful global expansion [1] - The company is expected to achieve revenues of 2.313 billion yuan in 2024, with a year-on-year growth of 36.12%, and a net profit of 248 million yuan, up 143.75% [2][6] Financial Summary - For 2024, the company is projected to have revenues of 2.313 billion yuan, with a growth rate of 36.12%, and a net profit of 248 million yuan, reflecting a growth of 143.75% [2][6] - The earnings per share (EPS) for 2024 is estimated at 1.44 yuan, with a price-to-earnings (P/E) ratio of 29 [2][6] - The company’s revenue and net profit forecasts for 2025 and 2026 are also positive, with expected revenues of 2.899 billion yuan and 3.577 billion yuan, and net profits of 341 million yuan and 451 million yuan respectively [2][6]