On November 5th, Guosen's research reports pointed out that chongqing sokon industry group stock (601127.SH) business will enter a period of outbreak in 2024. In the third quarter, it can still maintain a high-speed growth in its business. The cumulative revenue for the first three quarters reached 106.627 billion yuan, a year-on-year increase of 539.2%; the revenue in the third quarter was 41.582 billion yuan, showing a continuous increase from the previous quarter. In the first quarter of 2024, the company achieved a turnaround from loss to profit on a quarterly basis. In the first three quarters, the net income attributable to the parent company reached 4.038 billion; the net income attributable to the parent company in the third quarter was 2.413 billion, a quarter-on-quarter increase of 71.7%. The company's products are currently benchmark products in the domestic luxury car sector, with luxury cars combining high barriers to entry and high gross margins. As a benchmark enterprise in the luxury car sector, the company should have a certain valuation premium. Giving the company a PE ratio of 19-21 times for 2025, corresponding to a stock price of 130.56-144.30 yuan, and maintaining an "outperform the market" rating.