Market Overview - On July 17, the trading volume of North Exchange A-shares reached 21.16 billion yuan, an increase of 1.28 billion yuan from the previous trading day[3] - The North Exchange 50 Index closed at 1428.1, up 0.9%, with a PE TTM of 67.79 times[3] - The North Exchange Specialized and New Index closed at 2438.2, up 0.8%[3] Stock Performance - Among 268 companies on the North Exchange, 140 rose, 11 remained flat, and 117 fell[3] - The top five gainers were: Huiwei Intelligent (14.8%), Hongyu Packaging (11.8%), Jiahe Technology (10.8%), Guangxin Technology (9.8%), and Wuxin Tunnel Equipment (8.7%)[3] - The top five losers were: Guangzi International (-7.3%), Yunchuang Data (-6.3%), Benlang New Materials (-4.8%), Fangsheng Co. (-3.5%), and Taipeng Intelligent (-3.3%)[3] Key News - National electricity load reached a historical high of 1.506 billion kilowatts, an increase of 0.055 billion kilowatts from last year[5] - The adjustment of consumption tax policy for ultra-luxury cars now applies to vehicles priced at 900,000 yuan or above (excluding VAT)[5] Investment Recommendations - Focus on sectors like AI computing, innovative pharmaceuticals, humanoid robots, and power grid construction as key market drivers[6] - The report suggests paying attention to specialized and new companies with strong performance certainty, especially in new productivity areas[6]

7月17日，北交所个股合计成交量9.61亿股，成交额211.78亿元，成交额相对上一交易日增加12.85亿 元，个股来看，收盘上涨的共140只。 证券时报·数据宝统计显示，今日可交易北交所个股中，收盘股价上涨的有140只，占可交易个股的 52.43%，收盘涨幅居前的有慧为智能、宏裕包材、佳合科技，分别上涨14.84%、11.79%、10.84%。收 盘股价下跌的有117只，跌幅居前的有广咨国际、*ST云创、奔朗新材等，分别下跌7.30%、6.33%、 4.77%。 成交方面，全天成交额超亿元的股票共有65只，成交额居前的北交所股票有广信科技、五新隧装、奔朗 新材等，成交额分别为6.66亿元、5.81亿元、4.78亿元。 股票活跃度来看，今日可交易的北交所个股中，换手率超10%的有25只，其中，5股换手率超20%，换 手率在5%~10%之间的有52只，换手率在1%~5%之间的有176只。全天换手率居前的股票有方盛股份、 广信科技、慧为智能等，换手率分别为29.40%、29.16%、26.75%。（数据宝） 北交所个股今日成交明细 | 代码 | 简称 | 收盘价（元） | 涨跌幅（%） | 换手率（%） | 成交 ...

Group 1: Stock Performance - Zhejiang Zhenyuan and Asia-Pacific Pharmaceutical both achieved a 2-day limit-up with increases of 10.01% and 9.98% respectively, driven by innovation in pharmaceuticals [2] - Chengdu XianDao saw a first board listing with a significant rise of 20.02%, attributed to innovative drug developments [2] - TaiJing Technology and YanHua Intelligent both recorded first board listings with increases of 9.97% and 9.94%, linked to Huawei's influence in robotics [5] Group 2: AI and Robotics - Nvidia's CEO suggested that Huawei's AI chips could potentially replace Nvidia's offerings, indicating a competitive shift in the AI chip market [4] - The domestic robotics industry is gaining traction with significant orders being awarded, highlighting its importance in national competition [7] Group 3: Market Trends - The light communication sector is expected to see sustained growth due to high demand in both domestic and international markets, with performance likely to continue improving [13] - The low-altitude economy is gaining attention, with a notable $1 billion procurement agreement signed for eVTOL aircraft, indicating growth potential in this sector [17] Group 4: Consumer and Retail - The Chinese government is implementing measures to boost consumer spending, which is expected to positively impact the retail sector [21] - Companies like Guoguang Chain and Hanshang Group have seen first board listings with increases of 9.98% and 9.97%, reflecting the positive sentiment in the retail market [23] Group 5: Solar and Food & Beverage - The price of polysilicon has increased by 12.4% week-on-week, indicating a rising trend in the solar industry [24] - The food and beverage sector is also benefiting from government initiatives aimed at enhancing consumer demand, with companies like Huangshi Group seeing a 10.10% increase [26]

证券代码：835174 证券简称：五新隧装 公告编号：2025-136 湖南五新隧道智能装备股份有限公司 重大资产重组实施情况公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 根据《上市公司重大资产重组管理办法》《北京证券交易所上市公司重大资 产重组业务指引》的规定："重组方案在股东会决议公告披露之日起 60 日内未 完成资产交付或者过户的，上市公司应当于期满后次一交易日披露重组实施情况 公告，并在此后每 30 日披露一次进展公告，直至资产交付或者过户完毕。"湖 南五新隧道智能装备股份有限公司（以下简称"公司"）依据本规定及时履行信 息披露义务，具体如下： 1、公司与本次交易相关主体就本次交易事宜进行初步磋商时，采取了必要 且充分的保密措施，限定相关敏感信息的知悉范围，确保信息处于可控范围之内， 与聘请的证券服务机构签署的服务协议中均约定了保密条款，并做好了内幕信息 知情人登记工作。 2、经向北京证券交易所申请，公司股票自 2024 年 11 月 26 日起停牌，公司 分别于 2024 年 11 月 ...

证券代码：835174 证券简称：五新隧装 公告编号：2025-135 湖南五新隧道智能装备股份有限公司 关于 2024 年员工持股计划第一个锁定期届满 暨达成部分解锁条件的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 湖南五新隧道智能装备股份有限公司（以下简称"公司"）2024 年员工持 股计划第一个锁定期已于 2025 年 7 月 11 日届满，第一个锁定期达成部分解锁条 件。根据《关于上市公司实施员工持股计划试点的指导意见》《北京证券交易所 上市公司持续监管指引第 3 号—股权激励和员工持股计划》及公司《2024 年员 工持股计划》《2024 年员工持股计划管理办法》等相关规定，现将有关事项公 告如下： 一、2024 年员工持股计划已履行的相关程序 （一）2024 年 5 月 11 日，公司召开董事会薪酬与考核委员会 2024 年第二 次会议，审议通过了《关于<2024 年员工持股计划（草案）>及其摘要的议案》 《关于<2024 年员工持股计划管理办法>的议案》。 （二）2024 年 5 ...

湖南五新隧道智能装备股份有限公司 证券代码：835174 证券简称：五新隧装 公告编号：2025-134 第四届董事会第十次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 7 月 14 日 7.召开情况合法、合规、合章程性说明： 本次会议的召集、召开、议案审议程序符合有关法律、行政法规、部门规章、 规范性文件和《公司章程》的规定。 （二）会议出席情况 （一）审议通过《关于 2024 年员工持股计划第一个锁定期届满暨达成部分解锁 条件的议案》 1.议案内容： 2.会议召开地点：公司 1 号会议室 3.会议召开方式：现场+通讯会议 4.发出董事会会议通知的时间和方式：2025 年 7 月 9 日以通讯方式发出 5.会议主持人：董事长杨贞柿先生 6.会议列席人员：副总经理/董事会秘书崔连苹、财务总监杨娟 具体内容详见公司在北京证券交易所指定信息披露平台（www.bse.cn）上披 露的《湖南五新隧道智能装备股份有限公司关 ...

Core Insights - As of July 11, the total margin financing and securities lending balance on the Beijing Stock Exchange (BSE) was 5.904 billion yuan, a decrease of 85.8047 million yuan from the previous trading day [1] - The stocks with the highest margin financing balances included Jinbo Biological, Airun Software, and Better Energy, with balances of 380 million yuan, 174 million yuan, and 154 million yuan respectively [1] - A total of 97 stocks on the BSE had net margin purchases, with 26 stocks having net purchases exceeding 1 million yuan, led by Wuxin Tunnel Equipment with a net purchase of 9.0168 million yuan [1][2] Margin Financing Overview - The margin financing balance was 5.903 billion yuan, down by 85.4343 million yuan, while the securities lending balance was 772,200 yuan, down by 370,500 yuan [1] - The average margin financing balance as a percentage of market capitalization for the stocks was 1.14%, with Tian Gang Co., Shengye Electric, and Juneng Co. having the highest ratios at 5.56%, 5.43%, and 3.45% respectively [1][2] Industry Performance - The industries with the most stocks receiving net margin purchases over 1 million yuan were power equipment, machinery, and basic chemicals, with 9, 3, and 2 stocks respectively [2] - On July 11, stocks with net margin purchases over 1 million yuan had an average increase of 1.66%, with the top gainers being Ximagic Technology, Tonghui Information, and Airun Software, which rose by 11.42%, 9.50%, and 3.54% respectively [2] Stock Activity - The weighted average turnover rate for stocks with net margin purchases over 1 million yuan was 5.67%, with the highest turnover rates for Tonghui Information, Ximagic Technology, and Tiangong Co. at 38.10%, 26.84%, and 15.71% respectively [2] - The average daily turnover rate for BSE stocks on July 11 was 4.90% [2] Notable Stocks - Stocks with the largest increases in margin financing on July 11 included Wuxin Tunnel Equipment, Airun Software, and Jilin Carbon Valley, with increases of 901.68 million yuan, 696.04 million yuan, and 560.98 million yuan respectively [2][3] - Other notable stocks with significant margin financing increases included Ximagic Technology, Silane Technology, and Andatech, with increases of 262.14 million yuan, 442.26 million yuan, and 341.19 million yuan respectively [3][4]

截至7月9日，北交所融资融券余额合计59.20亿元，较前一交易日增加38.59万元，其中，融资余额59.19 亿元，较前一交易日增加48.84万元，为连续3个交易日增加；融券余额为104.95万元，较前一交易日减 少10.24万元。 证券时报·数据宝统计显示，截至7月9日，北交所股票中，融资余额居前的为锦波生物、艾融软件、贝 特瑞，最新融资余额分别为3.98亿元、1.71亿元、1.54亿元，从最新融资余额占流通市值比例看，算术 平均值为1.16%，最新融资余额占流通市值比例居前的有天罡股份、胜业电气、巨能股份等，占比分别 为5.50%、4.00%、3.46%。 北交所股票中，7月9日共有123只股获融资净买入，净买入金额在百万元以上的有33只，锦波生物融资 净买入额居首，当日净买入1252.03万元，其次是五新隧装、星图测控，融资净买入金额分别为1150.74 万元、735.85万元，融资净买入金额居前的还有星昊医药、天马新材、奔朗新材等。融资净卖出金额居 前的股票为鼎智科技、远航精密、华岭股份等，融资净卖出金额分别为810.08万元、739.62万元、 426.23万元。 831689 克莱特 -4.40 ...

截至7月7日，北交所融资融券余额合计59.11亿元，较前一交易日增加4603.90万元，其中，融资余额 59.10亿元，较前一交易日增加4604.41万元，融券余额为88.66万元，较前一交易日减少0.52万元。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 活跃度来看，获融资净买入超百万元个股7月7日加权平均换手率为6.52%，换手率居前的有灿能电力、 宏海科技、亿能电力等，日换手率分别为33.99%、26.03%、23.17%，当日北交所股票日均换手率为 3.58%。（数据宝） 7月7日融资余额增加居前的北交所股票 | 代码 | 简称 | 7月7日涨跌幅 | 最新融资余额 | 较上一日增加 | 占流通市值比例 | 所属行 | | --- | --- | --- | --- | --- | --- | --- | | | | （%） | （万元） | （万元） | （%） | 业 | | 835174 | 五新隧 | 5.80 | 7440.05 | 1504.80 | 2.08 | 机械设 | | | 装 | | | | | 备 | | 837403 | 康农种 | 1.42 | 2297 ...

Investment Rating - The industry investment rating is positive, indicating a favorable outlook for the sector, with a focus on companies with stable performance and reasonable valuations [35]. Core Insights - The report highlights that the North Exchange 50 Index experienced a slight decline of 1.71% this week, closing at 1415.04 points, while the average market capitalization of A-share constituent stocks is 3.083 billion [5][11]. - The report emphasizes the importance of focusing on quality stocks with stable growth and reasonable valuations in the North Exchange, particularly in the context of the 2025 investment landscape [5]. Summary by Sections Overall Market Overview - As of July 4, 2025, the North Exchange A-share market consists of 268 stocks, with an average market capitalization of 3.083 billion. The North Exchange 50 Index saw a decline of 1.71% this week, while the Shanghai and Shenzhen 300 Index increased by 1.54% [5][11]. - The average daily trading volume for the North Exchange 50 was 27.983 billion, down 17.81% from the previous week, with a turnover rate of 3.18% [5][24]. Stock and Industry Performance - In the past week, 50 stocks increased in value, while 217 stocks decreased, resulting in an increase ratio of 18.66%, which is a decrease of 74.63 percentage points week-on-week [17]. - The top five performing industries were Beauty Care (8.60%), Light Industry Manufacturing (1.9%), Pharmaceutical Biology (1.57%), Transportation (0.60%), and Environmental Protection (0.47%). Conversely, the bottom five industries included Electronics (-4.86%), Automotive (-4.58%), Communications (-3.92%), Media (-3.88%), and Public Utilities (-3.22%) [19][22]. New Stock Updates - No new stocks were listed on the North Exchange this week, but one company, Jinhua New Materials, passed the review for listing, while another, Beikang Testing, is scheduled for review next week [28][29]. Key Companies and Earnings Forecast - The report identifies key companies to watch, including: - Tongli Co., Ltd. (stock code: 834599.BJ) with a buy rating and an expected EPS of 1.99 for 2025 [6]. - Wuxin Tunnel Equipment (stock code: 835174.BJ) also rated as buy with an expected EPS of 1.64 for 2025 [6]. - Kaide Quartz (stock code: 835179.BJ) rated as hold with an expected EPS of 1.03 for 2025 [6]. - Hualing Co., Ltd. (stock code: 430139.BJ) rated as hold with an expected EPS of 0.34 for 2025 [6]. - Hengtou Open Source (stock code: 834415.BJ) rated as hold with an expected EPS of 0.22 for 2025 [6]. - Tianli Composite (stock code: 873576.BJ) rated as buy with an expected EPS of 1.03 for 2025 [6].