Zhang Zhengping: Chongqing Sokon Industry Group Stock (601127.SH) invested with high expectations, opening a new starting point for cooperation between the two parties from 1 to N.

Recently, the High-Quality Development Conference for Young Entrepreneurs in Qinghai Province was held in Xining, Qinghai Province. Young entrepreneurs gathered together to discuss industry development trends, outlook on economic development prospects, and to seek the road to high-quality development. Zhang Zhengping, Vice President of the Youth Entrepreneurs Association of Chongqing and Rotating President of Chongqing Sokon Industry Group Stock, was invited to deliver a keynote speech at the conference, fully introducing the development process of Chongqing Sokon Industry Group Stock, and analyzing the important role of new productive forces in promoting high-quality development based on practical experience. In his speech, Zhang Zhengping mentioned that Chongqing Sokon Industry Group Stock achieved a revenue of 65.044 billion yuan in the first half of the year, with a year-on-year growth of 489.58%, and a net profit of 1.625 billion yuan. He stated that such achievements were attributed to the spirit of cross-border integration and innovative exploration embodied by the Wanjie brand, as well as the recognition of users for Chongqing Sokon Industry Group Stock. Zhang Zhengping pointed out that new energy vehicles are typical representatives of new productive forces, and developing new productive forces is an inherent requirement and focus for promoting high-quality development of enterprises. In response to the call for developing new productive forces, Chongqing Sokon Industry Group Stock has conducted in-depth practices around model innovation, technological innovation, product innovation, and service innovation. In 2021, Chongqing Sokon Industry Group Stock and Huawei initiated a pioneering cross-industry cooperation model between vehicle manufacturers and ICT companies, jointly creating the integrated brand "Wanjie", and innovatively launching a series of "new luxury" car products that combine "traditional luxury + technological luxury". Within just 28 months, they achieved the production of the 400,000th new car, making it the fastest-growing new energy vehicle brand at such a speed. In particular, the Wanjie M9 has consistently ranked among the top-selling luxury car brands in the Chinese market priced at 500,000 yuan, and the annual cumulative delivery of the Wanjie new M7 has also exceeded 130,000 units, becoming a well-deserved national SUV brand. As the business continues to expand rapidly, the cooperation between Chongqing Sokon Industry Group Stock and Huawei is further deepening. Last month, Chongqing Sokon Industry Group Stock officially invested in and acquired stakes in Yingwang Company, marking an upgrade in the cooperation between Chongqing Sokon Industry Group Stock and Huawei to a comprehensive "business + equity" cooperation model, opening a new starting point for sustainable development of cooperation between the two parties. In terms of exploring core technologies for electrification and intelligence, Zhang Zhengping stated that Chongqing Sokon Industry Group Stock is firmly committed to practicing the path of smart electric integration under the concept of software-defined cars. By combining users' diversified driving needs, they have independently innovated and developed the Chongqing Sokon Industry Group Stock Magic Platform, which is currently the only platform compatible with three forms of new energy power: hybrid, electric, and plug-in hybrid. The platform features "smart security, diverse power options, versatile space, and intelligent guidance" aims to bring users a driving experience that is "easy, convenient, and extremely safe". In conclusion, Zhang Zhengping shared that in the past year, as a representative of new productive forces, Chongqing Sokon Industry Group Stock has received numerous reports from authoritative media. In the future, through the development of new productive forces, he hopes to truly gain user recognition of the brand value of Chinese vehicles, jointly promote the high-quality development of the industry, and contribute to the construction of a strong automotive nation in China.