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Chongqing sokon industry group stock (601127.SH): The application related to significant asset restructuring has been accepted.
On November 26, Gelonhui announced that Chongqing Sokon Industry Group Stock (601127.SH) intends to issue shares to purchase 100% equity of Chongqing Longsheng New Energy Technology Co., Ltd. (referred to as "Longsheng New Energy") held by Chongqing Industrial Investment Fund Partnership Enterprise (Limited Partnership), Chongqing Liangjiang New Area Development Investment Group Co., Ltd., and Chongqing Liangjiang New Area Industrial Development Group Co., Ltd. (referred to as "this transaction"). On November 26, 2024, the company received a notice from the Shanghai Stock Exchange regarding the acceptance of the application by Sokon Group Limited for the issuance of shares to purchase assets.
Chengdu Haoneng Technology (603809.SH): The company currently has products that are compatible with Chongqing Sokon Industry Group Stock.
Gelonghui November 26th | Chengdu Haoneng Technology (603809.SH) stated on the investor interaction platform that its wholly-owned subsidiary Chongqing Haoneng is currently constructing the "Intelligent Manufacturing Core Components Project", which includes products such as high-precision reduction gears and joint drive assemblies for robots. The company's current products are matched with Chongqing Sokon.
haitong sec: Initial rating for zhongsheng hldg is "outperform the market", with a fair value of 22.34-25.54 Hong Kong dollars.
haitong sec released a research report stating that it has initiated coverage on zhongsheng hldg (00881), with an "outperform" rating, expecting the company's revenue in 2024/25/26 to be 169.9/191.7/218.5 billion yuan respectively, net income attributable to shareholders to be 3.5/5.1/6.7 billion yuan respectively, and EPS to be 1.45/2.13/2.79 yuan respectively. The reasonable price range is 22.34-25.54 Hong Kong dollars. Key points from haitong sec include: Zhongsheng Holding is a leading enterprise among car dealers in China. According to the company's 2024 interim report, Zhongsheng has 419 dealerships nationwide, with luxury brands.
Jiangsu Bojun Industrial Technology (300926.SZ): Supplies body parts and related products for Chongqing Sokon Industry Group stock's car model M8.
Gelonghui November 25th, Jiangsu Bojun Industrial Technology (300926.SZ) stated on the investor interaction platform that the company supplies body parts and other related products to Chongqing Sokon Industry Group Stock's Weltmeister M8. Currently, the products are in the project development stage.
Hong Kong stock unusual movement | Zhongsheng Hldg (00881) current drop of over 6% Recently, the company has reached a global strategy cooperation with chongqing sokon industry group stock, UBS Group mentioned not expecting significant profit rebound.
Zhongsheng hldg (00881) is now down more than 6%, as of the publication, down 4.47%, at 16.24 Hong Kong dollars, with a turnover of 66.7005 million Hong Kong dollars.
Chongqing Sokon Industry Group Stock (601127.SH): Received cash compensation of 1.374 billion yuan from the controlling shareholder.
On November 21, Gelonhui reported that Chongqing Sokon Industry Group Stock (601127.SH) announced that the company has successively signed the "Profit Compensation Agreement Regarding the Issuance of Shares to Purchase Assets" and its related supplementary agreements with its controlling shareholder Xiaokang Holdings. According to the aforementioned agreements, Xiaokang Holdings' compensation amount for the year 2023 is 1.374 billion yuan. As of the date of this announcement, the company has received the cash compensation amount of 1.374 billion yuan from Xiaokang Holdings for the major asset restructuring project in 2023, and the performance compensation obligation for this major asset restructuring has been fulfilled.
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SoundOfMusic : Huawei is behind Xpeng in smartification, so they are asking for help from third parties. The smart thing to do is to license the smartification technologies from Xpeng, who owns the full stack. Make Xpeng the China champion in smart driving to compete with Tesla. Reinventing the smartification wheel for Huawei is super expensive and misallocation of capital.
Another point is open source smartification is dangerous. Have you seen the supply chain attack by Israel? How can people have confidence to drive a smart car, not exactly knowing where the software is from at 120km/hr? Xpeng owns the full stack to do L4+ in two years time.
bullrider_21 OP SoundOfMusic : Quite a few EV makers are using Huawei's smart driving system.
SoundOfMusic bullrider_21 OP : Could you please give me a list. I would like to learn. Thanks.
bullrider_21 OP SoundOfMusic : The Huawei brands, Aito, Avatr, Luxeed and Stelato, use Huawei’s ADS. BYD Feng Cheng Bao's SUV is also using.