Chongqing Sokon Ind Grp vs Great Wall Motor: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Chongqing Sokon Ind Grp Co (601127.CG)

Q3 202612 Jul – 8 Oct 2026

▼3▲1

Seres swings to loss as costs rise and EV sales slump

Raw material costs push H1 into loss Seres forecast a first-half loss of 1.5–1.8 billion yuan, reversing last year's profit. Rising prices for memory chips, industrial metals and lithium carbonate raised production costs, while asset write-downs hit its AITO unit. Higher costs and weaker profitability weigh on the stock.
This is the first hard signal of profitability turning negative and explains the cost pressure behind it.
Weak domestic demand drags sector and Seres Passenger car retail sales fell 15% year-on-year and new energy vehicle sales dropped 9% in early July. Seres shares fell 6.89% as investors worried about soft domestic demand. A weak demand backdrop makes it harder for Seres to sell cars at profitable prices.
It shows the demand environment that directly pressures Seres' sales and stock price.
Insider buying and R&D boost confidence Directors and senior management planned to buy 119–154 million yuan of shares, signaling belief in the company. First-half revenue was 57.5 billion yuan and R&D spending rose 34.8% to 7 billion yuan, with AITO deliveries up 10.2%. These support the stock by showing commitment and investment in future models.
It provides a positive counterweight: insider buying and higher R&D show confidence despite the loss.
September sales plunge deepens demand worries Seres' September new energy vehicle sales fell 34.48% year-on-year to 29,271 units, with cumulative sales down 15.79%. The steep decline signals that end-customer demand remains weak, making it harder for the company to return to profit and pressuring the stock.
It is the latest hard data showing the sales downturn is worsening, a key driver of the stock's weak outlook.

August 202612 Jul – 8 Oct 2026

▼3▲1

Seres swings to loss as costs rise and EV sales slump

Raw material costs push H1 into loss Seres forecast a first-half loss of 1.5–1.8 billion yuan, reversing last year's profit. Rising prices for memory chips, industrial metals and lithium carbonate raised production costs, while asset write-downs hit its AITO unit. Higher costs and weaker profitability weigh on the stock.
This is the first hard signal of profitability turning negative and explains the cost pressure behind it.
Weak domestic demand drags sector and Seres Passenger car retail sales fell 15% year-on-year and new energy vehicle sales dropped 9% in early July. Seres shares fell 6.89% as investors worried about soft domestic demand. A weak demand backdrop makes it harder for Seres to sell cars at profitable prices.
It shows the demand environment that directly pressures Seres' sales and stock price.
Insider buying and R&D boost confidence Directors and senior management planned to buy 119–154 million yuan of shares, signaling belief in the company. First-half revenue was 57.5 billion yuan and R&D spending rose 34.8% to 7 billion yuan, with AITO deliveries up 10.2%. These support the stock by showing commitment and investment in future models.
It provides a positive counterweight: insider buying and higher R&D show confidence despite the loss.
September sales plunge deepens demand worries Seres' September new energy vehicle sales fell 34.48% year-on-year to 29,271 units, with cumulative sales down 15.79%. The steep decline signals that end-customer demand remains weak, making it harder for the company to return to profit and pressuring the stock.
It is the latest hard data showing the sales downturn is worsening, a key driver of the stock's weak outlook.

Latest12 Jul – 8 Oct 2026

▼3▲1

Seres swings to loss as costs rise and EV sales slump

Raw material costs push H1 into loss Seres forecast a first-half loss of 1.5–1.8 billion yuan, reversing last year's profit. Rising prices for memory chips, industrial metals and lithium carbonate raised production costs, while asset write-downs hit its AITO unit. Higher costs and weaker profitability weigh on the stock.
This is the first hard signal of profitability turning negative and explains the cost pressure behind it.
Weak domestic demand drags sector and Seres Passenger car retail sales fell 15% year-on-year and new energy vehicle sales dropped 9% in early July. Seres shares fell 6.89% as investors worried about soft domestic demand. A weak demand backdrop makes it harder for Seres to sell cars at profitable prices.
It shows the demand environment that directly pressures Seres' sales and stock price.
Insider buying and R&D boost confidence Directors and senior management planned to buy 119–154 million yuan of shares, signaling belief in the company. First-half revenue was 57.5 billion yuan and R&D spending rose 34.8% to 7 billion yuan, with AITO deliveries up 10.2%. These support the stock by showing commitment and investment in future models.
It provides a positive counterweight: insider buying and higher R&D show confidence despite the loss.
September sales plunge deepens demand worries Seres' September new energy vehicle sales fell 34.48% year-on-year to 29,271 units, with cumulative sales down 15.79%. The steep decline signals that end-customer demand remains weak, making it harder for the company to return to profit and pressuring the stock.
It is the latest hard data showing the sales downturn is worsening, a key driver of the stock's weak outlook.

Great Wall Motor Co Ltd (601633.CG)

Q3 202614 Jul – 3 Sep 2026

▲2▼2

Profit Plunges on Overseas Tax and FX, but Overseas Sales and EV Demand Offer Support

First-Half Profit Warning: Net Profit to Drop ~60% Great Wall Motor warned that first-half 2026 net profit will fall 58.97% to 62.92% year-on-year, mainly because overseas tax subsidy gains were delayed and currency swings hurt results. This is a big drop in profit, which weighs on the stock price.
This is the first concrete profit warning for the period and directly explains why the stock may be under pressure.
Half-Year Report Confirms 61% Profit Decline Despite Revenue Growth The actual half-year report showed revenue up 10.58% to 102.1 billion yuan, but net profit attributable to parent fell 61.11% to 2.465 billion yuan. The profit drop was due to delayed overseas tax subsidies and lower exchange gains. This confirms the earlier warning and keeps pressure on the stock.
This is the official confirmation of the profit warning, making the negative earnings picture concrete for investors.
Overseas Sales Surge 45%, Now Over Half of Total Deliveries In the first half, overseas sales jumped 45.46% to 289,000 units, accounting for more than half of total sales, while domestic sales fell 22.53%. Overseas business is now the main growth engine, with production bases in Thailand and Brazil and over 1,600 sales channels abroad.
This shows a strong offset to weak domestic sales and supports the long-term growth story.
Thailand EV Tax Restructuring and Record Australian BEV Sales Thailand plans to restructure EV excise taxes to boost exports, naming GWM among supported plants. Meanwhile, Australia's BEV sales hit a record 24.9% share in August, with GWM among the top 10 brands. These policy and demand tailwinds support overseas growth.
These are new positive developments that could boost future overseas sales and sentiment.

August 202614 Jul – 3 Sep 2026

▲2▼2

Profit Plunges on Overseas Tax and FX, but Overseas Sales and EV Demand Offer Support

First-Half Profit Warning: Net Profit to Drop ~60% Great Wall Motor warned that first-half 2026 net profit will fall 58.97% to 62.92% year-on-year, mainly because overseas tax subsidy gains were delayed and currency swings hurt results. This is a big drop in profit, which weighs on the stock price.
This is the first concrete profit warning for the period and directly explains why the stock may be under pressure.
Half-Year Report Confirms 61% Profit Decline Despite Revenue Growth The actual half-year report showed revenue up 10.58% to 102.1 billion yuan, but net profit attributable to parent fell 61.11% to 2.465 billion yuan. The profit drop was due to delayed overseas tax subsidies and lower exchange gains. This confirms the earlier warning and keeps pressure on the stock.
This is the official confirmation of the profit warning, making the negative earnings picture concrete for investors.
Overseas Sales Surge 45%, Now Over Half of Total Deliveries In the first half, overseas sales jumped 45.46% to 289,000 units, accounting for more than half of total sales, while domestic sales fell 22.53%. Overseas business is now the main growth engine, with production bases in Thailand and Brazil and over 1,600 sales channels abroad.
This shows a strong offset to weak domestic sales and supports the long-term growth story.
Thailand EV Tax Restructuring and Record Australian BEV Sales Thailand plans to restructure EV excise taxes to boost exports, naming GWM among supported plants. Meanwhile, Australia's BEV sales hit a record 24.9% share in August, with GWM among the top 10 brands. These policy and demand tailwinds support overseas growth.
These are new positive developments that could boost future overseas sales and sentiment.

Latest14 Jul – 3 Sep 2026

▲2▼2

Profit Plunges on Overseas Tax and FX, but Overseas Sales and EV Demand Offer Support

First-Half Profit Warning: Net Profit to Drop ~60% Great Wall Motor warned that first-half 2026 net profit will fall 58.97% to 62.92% year-on-year, mainly because overseas tax subsidy gains were delayed and currency swings hurt results. This is a big drop in profit, which weighs on the stock price.
This is the first concrete profit warning for the period and directly explains why the stock may be under pressure.
Half-Year Report Confirms 61% Profit Decline Despite Revenue Growth The actual half-year report showed revenue up 10.58% to 102.1 billion yuan, but net profit attributable to parent fell 61.11% to 2.465 billion yuan. The profit drop was due to delayed overseas tax subsidies and lower exchange gains. This confirms the earlier warning and keeps pressure on the stock.
This is the official confirmation of the profit warning, making the negative earnings picture concrete for investors.
Overseas Sales Surge 45%, Now Over Half of Total Deliveries In the first half, overseas sales jumped 45.46% to 289,000 units, accounting for more than half of total sales, while domestic sales fell 22.53%. Overseas business is now the main growth engine, with production bases in Thailand and Brazil and over 1,600 sales channels abroad.
This shows a strong offset to weak domestic sales and supports the long-term growth story.
Thailand EV Tax Restructuring and Record Australian BEV Sales Thailand plans to restructure EV excise taxes to boost exports, naming GWM among supported plants. Meanwhile, Australia's BEV sales hit a record 24.9% share in August, with GWM among the top 10 brands. These policy and demand tailwinds support overseas growth.
These are new positive developments that could boost future overseas sales and sentiment.