On May 20, the 2021 annual general meeting of shareholders of Chongqing Sokon Industry Group Stock Co.Ltd(601127) ( Chongqing Sokon Industry Group Stock Co.Ltd(601127) . SH) was held as scheduled. Senior executives including Chongqing Sokon Industry Group Stock Co.Ltd(601127) founder Zhang Xinghai, chairman Zhang Zhengping and Secretary Shen Wei attended the meeting. At the meeting, the Chongqing Sokon Industry Group Stock Co.Ltd(601127) board of directors and management made detailed communication with investors on the overall situation and future strategic planning of the company.
“Investment in the field of new energy is the key to the sustainable development of the well-off group in the next decade, two decades 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 becomes 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 2021 annual report, Chongqing Sokon Industry Group Stock Co.Ltd(601127) achieved a revenue of 16.7 billion yuan, an increase of 16.9% over the same period in 2020. Among them, 41400 new energy vehicles were sold, an 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.
In the past April, the total sales volume of 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 confirmed 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.
6 annual research investment of 10 billion, exceeding the industry average
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 cumulative R & D investment has been nearly 10 billion yuan.
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%. If you look at the breakdown, the R & D intensity of automobile manufacturing is 4.18%, and the two industries of computer communication and Internet are 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, chairman 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 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.
subsidiary changed its name and Thales highlighted the determination of strategic transformation
Recently, Chongqing Jinkang New Energy Automobile Co., Ltd., a wholly-owned subsidiary of Chongqing Sokon Industry Group Stock Co.Ltd(601127) has officially changed its name to Thalis Automobile Co., Ltd. In this regard, chairman Zhang Zhengping said at the shareholders’ meeting that we hope to continue to strengthen the brand awareness of Thalis in the hearts of users with the help of this renaming, which is also in line with the company’s determination to transform to new energy vehicles and our established development direction.
At the shareholders’ meeting, chairman Zhang Zhengping also responded to the recent market concern that M5 users pasted Huawei logo. Zhangzhengping frankly said that the market decides whether the product is good or not. If the product is not good, no matter who signs it, no one will buy it. The high degree of attention paid by M5 is an incentive and affirmation for the cooperation between Xiaokang and Huawei. The encouragement of users is the biggest driving force for us to move forward, and the user experience is the cornerstone for us to forge good products. “With the deepening of cooperation between the two sides and the introduction of more high-quality new energy vehicle products, we will certainly be recognized by more users.” He has great confidence in it.
At the same time, Zhang Xinghai, the founder of the large-scale SUV investment center, and the subsequent shareholders will also disclose the progress of the new SUV experience center.
