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Cyrus: First quarter report 2025
2025 First Quarter Report
[New Stock IPO] Chongqing Sokon Industry Group Stock aims for “A+H” listing: Sales are cooling, planning to target overseas?
Jinwu Financial News | On April 28, Chongqing Sokon Industry Group Stock submitted a listing application to the Main Board of the Hong Kong Stock Exchange, with China International Capital Corporation and China Galaxy International as joint sponsors. As early as the end of December last year, there were market rumors that Chongqing Sokon Industry Group Stock was in discussions with potential advisors regarding a possible listing, targeting a fundraising amount exceeding 7.8 billion Hong Kong dollars. This move by Chongqing Sokon Industry Group Stock to seriously pursue a dual listing in "A+H" may be a strategic intention to compete for market share against the backdrop of accelerating trends in intelligence and electrification, as well as increasingly fierce competition in the Industry, and may also be the first step towards actively entering overseas markets. In 2024, the company is expected to turn a profit, becoming the world's fourth profitable Electric Vehicles.
Chongqing Sokon Industry Group Stock released its Q1 2025 report, with a Net income growth of 240.6% year-on-year.
Today, Chongqing Sokon Industry Group Stock disclosed its Q1 2025 report. The report shows that in the first quarter, Chongqing Sokon Industry Group Stock achieved revenue of 19.147 billion yuan and net income of 0.748 billion yuan, an increase of 240.6% year-on-year; In terms of new energy vehicle sales, from January to March, the total sales of the Wenjie M9 reached 23,290 units, a year-on-year growth of 117.83%, continuing to lead the luxury car market in China at the 0.5 million level. Since the beginning of this year, the Wenjie series products have continued to iterate and upgrade, with the Wenjie M5 and M7 receiving updates, and the Wenjie M9 2025 model and Wenjie M8 being launched one after another. Wenjie has officially formed four major product series to meet users' diverse travel needs.
Seres Submits Documents for Hong Kong Listing
Chongqing Sokon Industry Group Stock: Q1 Net income surged by 240%, and the optimization of the product structure shows a profitability turning point.
Chongqing Sokon Industry Group Stock's net income surged 240% in Q1, with optimized product structure revealing a turning point in profitability. Key financial highlights: Chongqing Sokon Industry Group Stock's net income for Q1 2025...
