Chongqing Sokon Industry Group Stock (09927) enters the countdown to listing! The first A+H luxury new energy car company's market value is expected to further increase.

It was learned that Chongqing Sokon Industry Group Stock (09927) went through a hearing at the Hong Kong Stock Exchange on October 13, and will be accepting public subscriptions for shares from October 27 to 31. They plan to globally issue 100.2 million H shares, with 10.02 million H shares to be publicly sold in Hong Kong and approximately 90.18 million H shares to be internationally issued. The price per H share was set at HK$131.50 on October 31, with an expected listing date of November 5. After listing, it will become the first luxury new energy vehicle company to be listed in both the "A+H" markets. Since the beginning of this year, the Hong Kong IPO market has been hot, with leading A-share companies flocking to Hong Kong for listings to seek global capitalization and more reasonable pricing. In the second half of the year, after the issuance of new regulations by the Hong Kong Stock Exchange, new stock investments entered a frenzy period. Data shows that since the second half of the year, there have been 12 newly issued stocks with subscription ratios exceeding 2000 times, and the new stocks have had a very high profit-making effect, such as DEEPEXI TECH (01384) skyrocketing over 150% on the first day of listing, and BAMA TEA (06980) skyrocketing over 86%. The listing of Chongqing Sokon Industry Group Stock injects new leading investment opportunities into the Hong Kong stock market. As a global leader in luxury new energy vehicles, by 2024 the company's market share ranks third. Models like the Wentai M7 and M9 are among the top five in new energy luxury cars, with the M9 being the best-selling model in the Chinese market in the 500,000 RMB price range. In April 2025, the Wentai M8 was launched and continued to lead in the 400,000 RMB price range. Since the launch of the Wentai brand in 2021, sales have continued to skyrocket. In the first half of 2022-2025, Wentai brand sales were 77,900 vehicles, 102,600 vehicles, 388,700 vehicles, and 152,000 vehicles respectively, accounting for 29.15%, 40.67%, 78.21%, and 76.53% of total sales. The Wentai brand has become the main source of revenue for the company, contributing 90.3% of revenue in the first half of 2025. So, why is the Wentai brand selling well? This is due to the company's four strong and industry-leading product technology strengths, including the industry-leading Chongqing Sokon Industry Group Stock Rubik's Cube technology platform, the new generation Chongqing Sokon Industry Group Stock super extended-range system, the first intelligent safety system defined by scenarios, and the super factory with high-level intelligent manufacturing capabilities; along with deep cooperation with Huawei, achieving industry-leading dominance. Of course, in addition to strong technical capabilities, Chongqing Sokon Industry Group Stock also has vertically integrated intelligent manufacturing delivery services and heartwarming after-sales service experiences, laying a solid foundation for user word-of-mouth. The company has three super factories to ensure user delivery cycles, as well as continuously optimizing a "market marketing + product operation + technical support + engineering development + user development" integrated service support system, and has established over 400 user centers and over 700 experience centers in more than 220 cities nationwide. Thanks to the continuous hot sales of Wentai products, the company's revenue doubled in 2024 and achieved profitability, becoming the fourth new energy vehicle company in the world to achieve profitability. Looking at peers, most are in a state of loss, and due to the downward trend in profit margins from price wars, compared to them, on the one hand, it reflects user recognition of the quality of the company's models and the improvement in "quantity-price," and on the other hand, it also fully demonstrates the company's supply chain management capabilities and cost control levels. So, how will Chongqing Sokon Industry Group Stock perform after listing? The company firmly holds the leading position in high-end domestic new energy vehicle models, with the Wentai M8 and M9 accumulating user word-of-mouth and brand recognition in the high-end price market, expected to long-term hold the majority of the market share in the 400,000 RMB level and above. With the continuation of the product cycle, there is hope for further volume growth next year, consolidating its leading position in the high-end market and driving continuous high sales volume. This will also drive the company's valuation, with expected upward valuation brought by the "A+H" linkage. Referring to the performance of new stocks after listing, Chongqing Sokon Industry Group Stock has multiple leading advantages, including four leading self-developed technologies, the empowerment of Huawei's intelligent driving system, and the dominance in luxury new energy vehicle market sales, which are stronger than other listed companies. The company has experienced a long-term bullish trend in the A-share market, starting in 2020, with a market value increase of more than 14 times in less than 6 years. With this Hong Kong listing, "A+H" linkage, and high prospect expectations, the company is expected to take the next tenfold step forward.