Chongqing Sokon Industry Group Stock (601127.SH) stock price breaks 100 yuan threshold, Wen Jie series continues to be popular.
11/03/2024
GMT Eight
On March 11th, Chongqing Sokon Industry Group Stock (601127.SH) hit a historical high stock price, closing at 102.2 yuan/share, with a total market value exceeding 150 billion yuan, ranking among the top three in the car manufacturing industry. Since early February, Chongqing Sokon Industry Group Stock's stock price has continued to rise, with a cumulative increase of over 80% during this period.
The strong performance in the capital market is attributed to the sustained hot sales of Chongqing Sokon Industry Group Stock's Wuling products. Data shows that Wuling has consistently been among the top five luxury brands in the Chinese market this year, moving into the top tier. In addition, the Wuling M9, launched in late December last year, has accumulated over 50,000 units in sales; and the new Wuling M7 reached over 100,000 units in deliveries within 170 days of its launch, setting a new record for delivery speed in the Chinese luxury SUV market.
With the continuous increase in sales of Chongqing Sokon Industry Group Stock's Wuling vehicles, institutional research reports are optimistic about the company's growth prospects. The latest research report from China Great Wall indicates that as the delivery process of the Wuling M9 progresses, the company's sales are expected to maintain a leading position in the market, resulting in considerable revenue growth. Additionally, the further optimization of product performance and increased consumer recognition, among other factors, are driving the company's upward trajectory, leading to a recommendation to increase holdings in Chongqing Sokon Industry Group Stock. Founder believes that with the official start of deliveries for the Wuling M9, the model achieves a milestone, driving both price and volume growth for Chongqing Sokon Industry Group Stock, potentially starting a profitable period in the third quarter.