Chongqing Sokon Industry Group Stock (601127.SH) new energy car sales in April increased three times year-on-year.

Recently, Chongqing Sokon Industry Group Stock (601127.SH) released its first quarter report for 2024 and its annual report for 2023. The annual report shows that in 2023, Chongqing Sokon Industry Group Stock's total revenue was 35.842 billion yuan, with revenue from new energy vehicles reaching 28.948 billion yuan, an increase of 16.1% year-on-year. In the first quarter of 2024, Chongqing Sokon Industry Group Stock achieved a historic turning point, with a positive net profit for the first quarter and a net cash flow from operating activities of 1.187 billion yuan, an increase of 3.355 billion yuan compared to the same period last year. This success broke through the previous challenges of the balance between investment and output in the new energy vehicle sector, making it the fourth car manufacturer globally to achieve profitability in the new energy race. This milestone achievement signifies that after several years of research and market cultivation, Chongqing Sokon Industry Group Stock's strategic layout and technological innovation have begun to show results, successfully crossing the profitability threshold in the development of new energy vehicles. Recently, Chongqing Sokon Industry Group Stock also announced its production and sales report for April. In April, the sales volume of Chongqing Sokon Industry Group Stock's new energy vehicles reached 27,868 units, an increase of 302.89% year-on-year. From January to April, the sales volume of Chongqing Sokon Industry Group Stock's new energy vehicles reached 122,693 units, an increase of 356.28% year-on-year. After years of relentless efforts, Chongqing Sokon Industry Group Stock not only achieved its highest ever operating income, but also achieved an unprecedented breakthrough in the sales volume of new energy vehicles, further confirming its vigorous development momentum. As a pioneer brand in the national trend, Chongqing Sokon Industry Group Stock has always insisted on innovation-driven development and continuous increase in research and development investment in the field of new energy vehicles. With a deep technological foundation and forward-looking strategic layout, it has effectively promoted the sustainable development of the new energy vehicle industry. The research and development expenses of Chongqing Sokon Industry Group Stock account for a significant proportion of its operating income, providing strong support for the development and application of core technologies such as the Magic Cube platform and the new generation of all-in-one super-range assemblies, laying a solid foundation for the technological innovation and competitive advantage of Chongqing Sokon Industry Group Stock vehicles. Both the official profitability of Chongqing Sokon Industry Group Stock and the continuous breakthroughs in sales volume can be seen as clear signs of significant improvements in the company's capabilities in product market adaptation, cost control mechanisms, and operational management levels. Smart connected vehicles not only represent the leading direction of global automotive industry transformation and green development, but also play an important role in creating new quality productivity and driving high-quality economic growth. As a member of this industry, Chongqing Sokon Industry Group Stock adheres to the concept of "software-defined vehicles" and firmly follows the path of intelligent electrification, effectively promoting the rapid transformation of the new energy vehicle industry from scale expansion to high-quality development.