Chongqing Sokon Industry Group Stock (601127.SH), which holds the "Wenjie" brand, submitted an application for H Share listing to the stock exchange today (28th). The joint sponsors are China International Capital Corporation and China Galaxy International. Based on today's closing price of 127.25 RMB, its Market Cap reaches 207.8 billion RMB.

So far, the group has successfully launched four models: Wenjie M5, Wenjie M7, Wenjie M8, and Wenjie M9. The total delivery volume of the Wenjie brand reached 0.3871 million vehicles last year, a year-on-year increase of 268%.

Last year, Chongqing Sokon Industry Group Stock's revenue increased 3.05 times year-on-year to 145.112 billion RMB; it turned a profit with a net income of 5.946 billion RMB, compared to a loss of nearly 2.45 billion RMB in the previous fiscal year.

The funds raised by the company will be used for research and development; investing in diversified new marketing channels, overseas sales, and charging network services to enhance its Global brand awareness; as well as for working capital and general corporate purposes.