Group 1 - The North Exchange 50 index increased by 1.49%, indicating a market that is oscillating above the annual line, with trading volume increasing by 4.23% [7][17]. - The North Exchange market has shown increased activity in sectors such as satellite internet, edge AI, and humanoid robots, with notable stocks including Star Map Control, Haoshen Electronics, and Sanxie Electric [7][8]. - Eight North Exchange thematic public funds are entering their second open period, with a total estimated scale of 4.58 billion yuan, and there is speculation about a potential market rebound after December 20 [8][10]. Group 2 - This week, one new stock, Jingchuang Electric, was listed on the North Exchange, with a first-day price increase of 330.74% and a turnover rate of 93.84% [28][29]. - The North Exchange had 109 stocks rise and 173 stocks fall, resulting in a rise-fall ratio of 0.63, with Haoshen Electronics and Youji Co. leading the gains [35][39]. - The average PE ratio for the North Exchange is 81.73 times, with a median of 39.47 times, while the trading volume reached 3.069 billion shares, reflecting a 1.09% increase [21][22]. Group 3 - The new third board saw six new listings and ten delistings this week, with planned financing of 49 million yuan and completed financing of 38 million yuan [46][48]. - The North Exchange's financing balance increased to 7.510 billion yuan, up by 0.38 billion yuan from the previous week [24][22]. - The thematic public funds have reported a weak performance in their heavy-weight stocks, with an average decline of 8.29% since the National Day [9][8].

Group 1 - The North Exchange 50 index increased by 1.49%, remaining above the annual line, with trading volume increasing by 4.23% week-on-week [9][20][25] - Eight North Exchange thematic public funds entered their second open period, with a total estimated scale of 45.8 billion yuan, indicating potential market recovery after December 20 [10][12][14] - The thematic public funds have reported a weak performance in their heavy holdings, with an average decline of 8.29% since the National Day, suggesting a need to monitor net subscription data post-open period [11][10][14] Group 2 - The North Exchange saw 109 stocks rise and 173 fall, with a decline ratio of 0.63, indicating a significant number of stocks are underperforming [37] - The trading volume for the North Exchange was 30.69 billion shares, with a total transaction value of 693.83 billion yuan, reflecting a week-on-week increase [25][20] - The average PE (TTM) for the North Exchange is 81.73 times, with a median of 39.47 times, indicating a relatively high valuation compared to other exchanges [24][20] Group 3 - This week, one new stock, Jingchuang Electric, was listed on the North Exchange, with a first-day increase of 330.74% and a turnover rate of 93.84% [30][31] - The new three-board market saw six new listings and ten delistings, with a total of 5991 companies currently listed [49][51] - The new three-board market raised 0.38 billion yuan this week, with no companies raising over 1 billion yuan [51][55]

具体来看，今日上榜的营业部中，共有2家机构专用席位现身，即买三、买五、卖三，合计买入金额 436.56万元，卖出金额479.30万元，合计净卖出42.75万元。（数据宝） 精创电气12月5日交易公开信息 | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 广发证券股份有限公司山西分公司 | 474.57 | 0.00 | | 买二 | 东方证券股份有限公司上海虹口区曲阳路证券营业部 | 283.27 | 251.12 | | 买三 | 机构专用 | 238.70 | 474.72 | | 买四 | 国泰海通证券股份有限公司浙江杭州市心北路营业部 | 234.90 | 0.81 | | 买五 | 机构专用 | 197.86 | 4.59 | | 卖一 | 国金证券股份有限公司深圳分公司 | 0.00 | 796.50 | | 卖二 | 广发证券股份有限公司广州黄埔大道营业部 | 7.24 | 503.02 | | 卖三 | 机构专用 | 238.70 | 474.72 | | 卖四 | 国信证券股份有限公司深圳红岭中路 ...

每经讯，2025年12月5日，北交所上市公司精创电气（920035，收盘价：39.2元）登上龙虎榜，交易方式是连续竞价，披露原因 是当日换手率达到26.32%，成交数量342.57万股，成交金额1.34亿元。买一席位为广发证券股份有限公司山西分公司，买入 474.57万元；卖一席位为国金证券股份有限公司深圳分公司，卖出796.5万元。 （记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 每日经济新闻 | | 2025-12-05精创电气 (920035) 龙虎榜 | | | | --- | --- | --- | --- | | 序号 | 交易营业部名称 | 买入金额(元) | 卖出金额(元) | | नेट ग | 广发证券股份有限公司山西分公司 | 4745749.62 | O | | 买2 | 东方证券股份有限公司上海虹口区曲阳路证券营业部 | 2832689.12 | 2511235.6 | | 买3 | 机构专用 | 2387011.69 | 4747158.01 | | मेर प | 国泰海通证券股份有限公司浙江杭州市心北路营业部 | 23490 ...

每经讯，2025年12月4日，北交所上市公司精创电气（920035，收盘价：39.2元）登上龙虎榜，交易方式是连续竞价，披露原因 是当日换手率达到35.57%，成交数量462.87万股，成交金额1.84亿元。买一席位为国金证券股份有限公司深圳分公司，买入 820.74万元；卖一席位为长城证券股份有限公司上海长宁区延安西路证券营业部，卖出728.79万元。 （记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 每日经济新闻 | | 2025-12-04精创电气 (920035) 龙虎榜 | | | | --- | --- | --- | --- | | 序号 | 交易营业部名称 | 买入金额(元) | 卖出金额(元) | | ポリ | 国金证券股份有限公司深圳分公司 | 8207402.86 | 284439.96 | | 买2 | 长江证券股份有限公司上海徐汇区天钥桥路证券营业部 | 6030280 | 0 | | 买3 | 机构专用 | 4818280.69 | 0 | | 24 | 国信证券股份有限公司深圳红岭中路证券营业部 | 3759897.21 | 4 ...

精创电气（920035）今日下跌6.22%，全天换手率35.57%，成交额1.84亿元，振幅4.08%。龙虎榜数据显 示，机构净买入481.83万元，营业部席位合计净买入634.47万元。 北交所公开信息显示，当日该股因日换手率达35.57%上榜，机构专用席位净买入481.83万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交4733.33万元，其中，买入成交额为 2924.81万元，卖出成交额为1808.51万元，合计净买入1116.30万元。 具体来看，今日上榜的营业部中，共有1家机构专用席位现身，即买三，合计净买入481.83万元。（数 据宝） 精创电气12月4日交易公开信息 | 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 国金证券股份有限公司深圳分公司 | 820.74 | 28.44 | | 买二 | 长江证券股份有限公司上海徐汇区天钥桥路证券营业 部 | 603.03 | 0.00 | | 买三 | 机构专用 | 481.83 | 0.00 | | 买四 | 国信证券股份有限公司深圳红 ...

Investment Rating - The report maintains an "Outperform" rating for the industry [5] Core Insights - The North Exchange 50 index experienced a significant decline of 12.32% in November 2025, with the index closing at 1,387.70 points [31] - The total number of listed companies on the North Exchange reached 285, with a total market capitalization of 827.155 billion and a circulating market value of 507.712 billion, reflecting a decrease of 10.2% and 11.2% respectively [11][18] - The report highlights that all sectors within the North Exchange experienced declines, with the most significant drops in household appliances, transportation, communication, automotive, and non-ferrous metals [35] Market Overview - The trading volume for November was 16.987 billion shares, with a total transaction value of 376.778 billion, marking a month-on-month increase of 9.9% in volume and 3.1% in value [18][21] - The average daily margin balance for the North Exchange in November was 7.789 billion, showing a month-on-month increase of 2.35% [22] Valuation Metrics - As of November 28, the North Exchange 50 index had a price-to-earnings ratio (PE-TTM) of 43.07, placing it at the 67.98th percentile over the past two years, while the price-to-book ratio (PB-MRQ) was 8.89, at the 75.21st percentile [24][27] - The dividend yield was reported at 0.78, corresponding to the 26.56th percentile over the same period [24] Industry Performance - The report indicates that the North Exchange's specialized and innovative index fell by 13.44% in November, with other major indices also experiencing declines, including the Sci-Tech 50 down 6.24% and the ChiNext index down 4.23% [31] - The report notes that the North Exchange's new listings included five companies: Danna Biological, Zhongcheng Consulting, Beikang Testing, Dapeng Industrial, and Nante Technology [11][3] Policy and Events - In November 2025, the Beijing Stock Exchange introduced a series of policies aimed at enhancing market vitality and solidifying institutional foundations, achieving progress in information disclosure, institutional behavior, new stock performance, and ongoing supervision [4]

Group 1 - The stock of Jingchuang Electric (920035) experienced a significant decline of 19.80% with a trading volume turnover rate of 61.53% and a total transaction amount of 350 million yuan, indicating high volatility with an amplitude of 14.64% [2][3] - The stock was listed on the trading board due to its turnover rate reaching 61.53%, with a net selling amount of 2.947 million yuan from brokerage seats [3] - The top five brokerage seats accounted for a total transaction amount of 61.2356 million yuan, with buying transactions amounting to 29.1443 million yuan and selling transactions amounting to 32.0913 million yuan, resulting in a net selling of 2.947 million yuan [3] Group 2 - The largest buying brokerage was Guoyuan Securities Co., Ltd. with a buying amount of 5.6174 million yuan, while the largest selling brokerage was China Galaxy Securities Co., Ltd. with a selling amount of 7.2027 million yuan [3] - Detailed trading information shows that the top five buying brokerages had significant buying amounts, while the top five selling brokerages had higher selling amounts, indicating a strong selling pressure on the stock [3]

Core Viewpoint - Jingchuang Electric (920035) experienced significant trading activity on December 3, 2025, with a turnover rate of 61.53% and a transaction volume of 8.0077 million shares, amounting to 350 million yuan [1]. Trading Activity Summary - The stock's closing price was 41.8 yuan on the day it appeared on the trading leaderboard [1]. - The leading buyer was Guoyuan Securities Co., Ltd., Shenzhen Yitian Road Securities Business Department, purchasing shares worth 5.6174 million yuan [1]. - The leading seller was China Galaxy Securities Co., Ltd., Huangshan Xianrendong South Road Securities Business Department, selling shares worth 7.2026 million yuan [1].

| 920706 | 铁拓机械 | 26.21 | -5.92 | 13.48 | 15173.46 | | --- | --- | --- | --- | --- | --- | | 920252 | 天宏锂电 | 29.56 | -2.28 | 6.03 | 12359.62 | | 920493 | 并行科技 | 136.23 | -1.60 | 2.13 | 12006.79 | | 920405 | 海希通讯 | 27.53 | -2.58 | 3.75 | 11683.09 | | 920047 | 诺思兰德 | 25.01 | 2.29 | 2.55 | 11371.31 | | 920174 | 五新隧装 | 50.08 | 1.75 | 2.46 | 10635.29 | | 920509 | 同惠电子 | 33.89 | -3.94 | 3.65 | 10518.77 | | 920445 | 龙竹科技 | 11.52 | -5.96 | 8.40 | 10395.65 | | 920571 | 国航远洋 | 10.00 | -1.86 | 3.63 | 10301.05 | | 9202 ...