Fangzheng Securities research reports pointed out that Chongqing Sokon Industry Group Stock (601127.SH) released the third quarter financial report for 2024, with a net income attributable to the mother for the first three quarters of 3.5-4.1 billion yuan, compared to -2.294 billion yuan in the same period last year, achieving a turnaround from loss to profit. The performance in Q3 is impressive, with a continuous high increase year-on-year. In terms of per vehicle profit, the net profit per vehicle in Q3 2024 is 0.014-0.0185 million yuan, with a median value of 0.0163 million yuan, compared to -0.0213 million yuan in the same period last year, a slight increase of 0.0009 million yuan quarter-on-quarter. Calculated according to the median net income, the company's per vehicle profit margin continues to improve, with the subsequent mass production of Wanjie M7 Pro, Wanjie M9 five-seater edition, and other new products expected to be launched and listed, opening up a profitable channel for the company. In terms of cooperation with Huawei, on August 25, 2024, the company plans to purchase 10% equity of Yinguang company in cash, upgrading the strategic cooperation with Huawei to "business cooperation + equity cooperation." Yinguang company has opened a profitable channel, and the subsequent profits of Yinguang company will be accounted for in the company's financial statements in the form of investment income, increasing the company's investment income, driving the release of the company's short, medium, and long-term performance. Rated as "strongly recommended."