Chongqing Sokon Industry Group Stock (601127.SH) released its 2023 annual performance forecast: revenue shows a steady and healthy year-on-year growth.

On January 24th, Chongqing Sokon Industry Group Stock disclosed its 2023 annual performance forecast. It is expected to achieve operating income of 35.5 billion to 36.5 billion yuan in 2023, an increase of 4.09% to 7.02% year-on-year. With the gradual delivery and increase in volume of new models AITO Qinjie M7 and M9, the company's profitability is expected to further enhance. AITO Qinjie's new products are selling well, igniting the market. Data shows that AITO Qinjie's new products are selling well, helping Chongqing Sokon Industry Group Stock's automobile sales to soar in the second half of the year. In December 2023, Chongqing Sokon Industry Group Stock's automobile sales reached 31,490 units, breaking through the 30,000 mark for the first time in monthly sales, an increase of 210.03% year-on-year. The total sales in 2023 reached 106,703 units, an increase of 33.31% year-on-year. In January 2024, AITO Qinjie remained the leader in the new energy vehicle sector with an accumulated sales volume of 20,100 units in the first three weeks, maintaining steady growth. Looking back at 2023, AITO Qinjie's two products were bestsellers, contributing to a rapid increase in Chongqing Sokon Industry Group Stock's automobile sales in the second half of the year. Among them, AITO Qinjie's new M7 broke the 130,000 mark in cumulative orders within four months of its launch. With its core selling points of dual active and passive safety, spaciousness, and intelligent driving, it quickly opened up the market and became a hot selling "dark horse" in the automotive industry in 2023. AITO Qinjie's M9, positioned as a panoramic smart flagship SUV, redefines the new standard for intelligent cars in multiple areas such as smart technology, smart space, smart safety, and smart driving control. Within 7 days of its launch, it accumulated over 30,000 orders, becoming a phenomenon in the industry. Chongqing Sokon Industry Group Stock's automobile business has deeply practiced cross-industry cooperation with its "Chongqing Sokon Industry Group Stock Model". Through continuous forward-looking investment, it has built a leading intelligent electric vehicle brand. Since the launch of the AITO Qinjie series, it has continuously set records and achieved leading industry "Chongqing Sokon Industry Group Stock Speed". Currently, Chongqing Sokon Industry Group Stock's automobiles have gradually formed an industry phenomenon that other companies are studying and imitating. Its leading intelligent manufacturing capability is a solid guarantee for the rapid iteration and market expansion of Chongqing Sokon Industry Group Stock's products. Chongqing Sokon Industry Group Stock's automobiles have received intensive coverage from People's Daily, CCTV, Xinhua News Agency, and other major media. Among them, Chongqing Sokon Industry Group Stock's automobiles were successfully listed in CCTV's "2023 National Innovation Pioneer Brand", becoming the only selected automobile company. At the beginning of 2024, CCTV's "Focus Interview" regarded Chongqing Sokon Industry Group Stock's automobiles as representatives of prosperous production and sales in the automobile industry and highlighted AITO Qinjie's leading level of intelligence. Chongqing Sokon Industry Group Stock's intelligent factories are built to international leading standards, integrating advanced technologies such as AI vision and big data. These factories achieve 100% automation and 100% real-time online testing for key processes, not only in production automation and intelligent quality testing but also in various processes including research, production, supply, sales, and services through "cloud integration" and intelligent safety platforms, achieving high standards in quality and control. In addition, Chongqing Sokon Industry Group Stock's three intelligent factories have a total of over 5,000 Siasun Robot&Automation robots, with one factory having over 3,000 units, both ranking first in the industry. Furthermore, Chongqing Sokon Industry Group Stock's automobiles are the first to apply the industry-leading 9,000-ton integrated casting process, integrating 87 components into one, achieving the highest degree of integration in integrated casting parts on the market. This improves the delivery quality and speed of products, effectively achieving efficient production, lightweight design, and high safety. In the future, Chongqing Sokon Industry Group Stock's automobiles will continue to increase innovation investment, build strategic strength, and continuously promote the development of its new energy vehicle brand and market growth.