Sokon Group: October sales surge, subsidiary guarantees updated

Chongqing Sokon Industry Group Stock reported a 33.93% year-on-year increase in total production for October 2025, reaching 56,038 units. Total sales for the month rose by 25.10% year-on-year to 54,384 units. New energy vehicle production climbed 46.58% to 52,600 units, while sales were up 42.89% to 51,456 units. Sokon-branded vehicles saw production at 50,619 units and sales at 48,788 units.

Concurrently, the company provided an update on its guarantee provisions. In October 2025, subsidiary Chongqing Xiaokang Import and Export Co., Ltd. provided a new guarantee of CNY 3,422.00 to Sokon Automobile Co., Ltd. for a loan from China Development Bank. This increases the cumulative outstanding guarantee balance for the company and its subsidiaries to CNY 266,252.00 as of October 31, 2025, representing 21.71% of the company's net assets as of the end of 2024.

This guarantee falls within the previously approved CNY 1,000,000 guarantee limit for 2025. The company confirmed no outstanding overdue external guarantees.