Chongqing Sokon Industry Group Stock Co.Ltd(601127) : the new energy vehicle business will achieve a revenue of 16.7 billion in 2021 and become a new performance growth engine

On the evening of April 29, Chongqing Sokon Industry Group Stock Co.Ltd(601127) ( Chongqing Sokon Industry Group Stock Co.Ltd(601127) ) released the annual report of 2021 and the report of the first quarter of 2022. Last year, the company achieved an operating revenue of 16.718 billion yuan, a year-on-year increase of 16.89%. The sales revenue of complete vehicles reached 14.419 billion yuan, a year-on-year increase of 18.13%, and the annual R & D investment reached 1.949 billion yuan, accounting for 11.66% of the revenue. During the reporting period, 41400 new energy vehicles were sold, with a year-on-year increase of 104.39%.

From January to March 2022, the revenue reached 5.131 billion yuan, a year-on-year increase of 56.03%. The total sales volume of new energy vehicles was 14200, with a year-on-year increase of 207.43%. It is worth noting that the sales volume of Thales M5 in March 2022 was 3045, making it one of the top ten high-end new energy SUV sales of 20 Fawer Automotive Parts Limited Company(000030) 0000 in that month. It is reported that the car is not only equipped with Thales pure electric drive extended range platform (de-i), realizing 1100 + km endurance and 4-second 100 km acceleration, but also has a new harmonyos intelligent cockpit to build a new mobile travel driving experience.

According to the public data, over the past six years, Chongqing Sokon Industry Group Stock Co.Ltd(601127) accumulated R & D investment of nearly 10 billion yuan, accounting for more than 10% of the current operating revenue. It has built a world leading R & D base. China and the United States have cooperated in R & D, with more than 3000 R & D personnel and nearly 3000 core technology patents, of which 157 are invention patents. The company has nearly 20 years of vehicle manufacturing and complete core engineering capacity. It has built an industry-leading manufacturing base represented by Liangjiang smart factory, Phoenix smart factory, Shiyan airport factory, Shuangfu base and Changshou base. Among them, “Thales Liangjiang smart factory” has achieved a high degree of automation and intelligence, with more than 1000 intelligent Siasun Robot&Automation Co.Ltd(300024) , 100% automation of key processes, and an annual production capacity of 100000 vehicles. At the same time, the “Thales Phoenix smart factory”, which produces China’s high-end intelligent networked vehicles, has been basically completed, with a design capacity of 100000 vehicles / year, and will be put into operation this year. Since then, the company will have an annual output of more than 200000 new energy vehicles.

In terms of cross-border integration, the company pioneered the in-depth cooperation between vehicle enterprises and Huawei, the world’s leading ICT enterprise, and pioneered a new retail model of selling new energy vehicles through mobile phones and consumer electronics stores in core business districts in China. At present, the company has completed the development or settlement of more than 400 experience centers and more than 100 user centers to provide consumers with an embracing service network. At the same time, Chongqing Sokon Industry Group Stock Co.Ltd(601127) successfully introduced important long-term strategic investors in the industrial chain, strengthened strategic cooperation through capital cooperation, and signed long-term capacity guarantee contracts in business, providing a strong guarantee for the delivery of the company’s new energy vehicles.

At present, Chongqing Sokon Industry Group Stock Co.Ltd(601127) has independent and controllable three electricity core technology and industry-leading intelligent manufacturing capability. With the full operation of Thalis Liangjiang smart factory and Phoenix smart factory, and in-depth cooperation and mutual empowerment with Huawei, the company will become an important force in the field of new energy vehicles.

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