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LeiDi News, Lei Jianping, April 3
Shenzhen Streamax Technology Co., Ltd. (referred to as &#34;Streamax Technology&#34;) recently updated its prospectus and is preparing to list on the Hong Kong Stock Exchange.
Streamax Technology is already listed on the A-share market. As of today's close, the stock price of Streamax Technology is 62.52 yuan, with a market capitalization of 11.4 billion yuan.
Streamax Technology will distribute a cash dividend of 6 yuan (tax included) for every 10 shares to all shareholders, with no bonus shares (tax included), and will not increase capital from reserves.
Once listed on the Hong Kong stock market, Streamax Technology will form an &#34;A+H&#34; share structure.
Annual revenue of 2.477 billion, profit of 389 million
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Streamax Technology is a provider of AI solutions for commercial vehicles. Streamax Technology offers two major solutions and products: AI solutions and video equipment.
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Streamax Technology's AI solutions utilize vision-based AI technology for perception, analysis, and decision-making to enhance driving safety and fleet operational efficiency.
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Streamax Technology collects, records, and transmits driving information through cameras and other integrated devices.
The prospectus shows that Streamax Technology's revenue for 2023, 2024, and 2025 is projected to be 1.5 billion, 2 billion, and 2.477 billion yuan, respectively; gross profit is projected to be 656 million, 918 million, and 1.1 billion yuan, respectively; and gross profit margins are projected to be 43.6%, 46%, and 44.2%, respectively.
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Streamax is expected to generate revenue of 2.015 billion from AI solutions in 2025, accounting for 81.4% of total revenue, with revenue from AI-assisted driving systems amounting to 1.824 billion, representing 73.6% of total revenue.
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Streamax is expected to generate revenue of 414 million from video equipment in 2025, accounting for 16.7%.
Streamax's profits for the years 2023, 2024, and 2025 are projected to be 98.22 million, 294 million, and 389 million, respectively; with profit margins of 6.5%, 14.7%, and 15.7%.
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Streamax's adjusted net profits for the years 2023, 2024, and 2025 are projected to be 134 million, 345 million, and 459 million, respectively.
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As of December 31, 2025, Streamax holds cash and cash equivalents of 1.239 billion.
Zhao Zhijian holds 22.5% of the shares.
The executive directors of Streamax are Zhao Zhijian, Wang Xidian, Liu Lei, and Huang Kaiming; the independent non-executive directors are Jin Zhenchao, Liang Jinhua, Professor Xiang Huai-kun, and Professor Zuo Zhong.
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As of December 31, 2025, Zhao Zhijian holds 22.53% of the shares, Wang Xidian holds 15.78%, Jiatong Investment Co., Ltd. holds 14.54%, Hong Kong Central Clearing Limited holds 1.15%, Liu Wentao holds 1.1%, and Zhou Jianbang holds 0.59%.
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As of December 31, 2025, the equity structure of Streamax is as follows:
Yinhua Fund - ICBC-AXA Life Insurance Co., Ltd. - Yinhua Fund - ICBC-AXA Life Insurance Single Asset Management Plan holds 0.52%, Xiang Guanglong holds 0.46%, Shenzhen Streamax Technology Co., Ltd. - Third Phase Employee Stock Ownership Plan holds 0.44%, and Li Lu holds 0.41%.
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Streamax Technology Co., Ltd. updated its prospectus and plans to list on the Hong Kong Stock Exchange. The company's annual revenue is 2.477 billion, with a profit of 389 million, already listed on the A-share market, with a market value of 11.4 billion. A cash dividend of 6 yuan is distributed for every 10 shares. It is expected that by 2025, the revenue share of AI solutions will reach 81.4%. The annual profits for 2023 to 2025 are projected to be 98.22 million, 294 million, and 389 million, respectively, with a gross profit margin maintained between 43.6% and 46%

Streamax rushes to the Hong Kong stock market: annual revenue of 2.477 billion, profit of 389 million