On May 20, Chongqing Sokon Industry Group Stock Co.Ltd(601127) held the 2021 annual general meeting of shareholders, at which Chongqing Sokon Industry Group Stock Co.Ltd(601127) made detailed communication with investors on the overall situation of the company and future strategic planning. “Investment in the field of new energy is the key to achieving sustainable development in the next 10, 20 years and even beyond. It is also the core foothold of our intelligent ecological strategic transformation.” Zhang Xinghai, the founder of Chongqing Sokon Industry Group Stock Co.Ltd(601127) Chongqing Sokon Industry Group Stock Co.Ltd(601127) , said at the meeting that Chongqing Sokon Industry Group Stock Co.Ltd(601127) will continue to uphold the mission of “promoting the transformation of automotive energy and creating a smart mobile life”, efficiently promote the comprehensive transformation and upgrading from traditional vehicles to intelligent vehicles and from traditional manufacturing to intelligent manufacturing, and become a global brand enterprise of intelligent vehicles.
New energy vehicle business has become the core growth point
With the vigorous development of a new round of global scientific and technological revolution and industrial reform, new energy vehicles have become the main direction of the transformation and development of the global automobile industry. Chongqing Sokon Industry Group Stock Co.Ltd(601127) , who has experience in vehicle manufacturing, is increasing the layout of new energy industry by increasing investment in new energy vehicle technology research and development and sales channel construction.
According to the annual report of 2021, Chongqing Sokon Industry Group Stock Co.Ltd(601127) achieved a revenue of 16.718 billion yuan, a year-on-year increase of 16.89%. Among them, 41400 new energy vehicles were sold, with a year-on-year increase of 104.39%. The sales and revenue of new energy vehicles accounted for 15.5% and 26.9% of the company’s vehicle sales and main business revenue respectively.
In the past April, the total sales volume of the company’s new energy vehicles was 8552, of which the sales volume of Thalis vehicles exceeded 3000, ranking third in the sales volume of high-end new energy SUV with more than 200000 yuan, which also confirms its market attention and influence.
“The overall data is fully in line with our expectations. The company’s revenue continues to grow steadily. In particular, the new energy vehicle business has achieved great improvement and become the core growth point. We are most gratified that this new growth engine has begun to operate efficiently.” Chongqing Sokon Industry Group Stock Co.Ltd(601127) chairman Zhang Zhengping said at the shareholders’ meeting.
R & D investment of nearly 10 billion yuan in six years
For the new energy vehicle enterprises in transition, they are still facing the critical period of development of “climbing over the ridge”, which largely depends on the competition of core technology and innovation ability.
Technology drives innovation, and innovation is inseparable from financial support. At present, Chongqing Sokon Industry Group Stock Co.Ltd(601127) annual innovation R & D investment exceeds 10% of sales revenue, and R & D investment in 2021 is 1.949 billion yuan, accounting for 11.66% of revenue. Over the past six years, the company has invested nearly 10 billion yuan in R & D.
According to the report released by the all China Federation of industry and commerce, in 2021, the average R & D intensity of the top 1000 private enterprises invested in R & D was 2.57%, of which the R & D intensity of automobile manufacturing was 4.18%, and the two industries of computer communication and Internet were the highest, with an average R & D intensity of 7.26% and 7.01% respectively Chongqing Sokon Industry Group Stock Co.Ltd(601127) ‘s R & D investment is much higher than the industry average, whether in the field of automobile manufacturing or science and technology.
In the follow-up, the company will also maintain large investment in R & D and innovation, continue to polish core technologies and products, and consolidate core competitiveness. At the meeting, Zhang Zhengping also introduced the latest financing trends to investors: “the latest round of financing plan announced at the beginning of this year is progressing steadily. We will continue to invest funds in technology upgrading and factory intelligent construction.”
“We believe that the investment in technology can also bring a certain return to the market.” Zhang Zhengping said that from January to March this year, Chongqing Sokon Industry Group Stock Co.Ltd(601127) new energy vehicle sales reached 14200, a year-on-year increase of 207.43%, far exceeding the industry average, accounting for 24% of the company’s total sales in the same period.
