On July 9th, Gelunhui reported that Chongqing Sokon Industry Group Stock (601127.SH) expects to achieve revenue of RMB 63.9 billion to RMB 66 billion and net income attributable to shareholders of listed companies of RMB 1.39 billion to RMB 1.7 billion in the first half of 2024, and compared with the same period of the previous year (disclosed statutory data), the profit will be reversed to gain. It is estimated that the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses in the first half of 2024 will be RMB 1.19 billion to RMB 1.5 billion.
The main reasons for the expected profit increase in this period are: (1) in the first half of the year, the company exceeded the doubling plan, significantly improved the product structure, and ranked sixth in the sales of luxury brands in the Chinese market; (2) the company adhered to the business policy of software-defined autos, cross-border integration, technological innovation, and cost contribution, led by new-quality productivity, continuously improved the company's operating quality, increased profits and taxes, and sustained profitability.