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 ...

Market Overview - As of December 3, the Shanghai Composite Index closed at 3878.00 points, down 19.71 points, a decline of 0.51% [1] - The Shenzhen Component Index closed at 12955.25 points, down 101.45 points, a decline of 0.78% [1] - The ChiNext Index closed at 3036.79 points, down 34.36 points, a decline of 1.12% [1] Stock Performance - A total of 98 A-shares had a turnover rate exceeding 20%, with C China Uranium and Jingchuang Electric among four stocks exceeding 50% turnover [1] - C China Uranium had a closing price of 67.99 yuan with a turnover rate of 77.55% and a price increase of 280.04% [1] - Jingchuang Electric closed at 41.80 yuan with a turnover rate of 61.53% and a price decrease of 19.80% [1] - Other notable stocks include Jinfu Technology with a turnover rate of 60.60% and a price decrease of 9.99%, and Tongyu Communication with a turnover rate of 59.65% and a price decrease of 2.54% [1] High Turnover Stocks - The following stocks had significant turnover rates: - C China Uranium: 77.55%, +280.04% [1] - Jingchuang Electric: 61.53%, -19.80% [1] - Jinfu Technology: 60.60%, -9.99% [1] - Tongyu Communication: 59.65%, -2.54% [1] - Beilong Precision: 48.55%, -4.72% [1] - Other stocks with notable turnover rates include Jianglong Shipbuilding (47.49%, +4.56%) and Aerospace Development (46.99%, +5.20%) [1] Additional Notable Stocks - The following stocks also showed significant trading activity: - Longji Software: 46.76%, -9.27% [1] - Lianjian Optoelectronics: 45.55%, +1.11% [1] - Iceberg Cold Chain: 41.24%, +3.36% [1] - Qingshuiyuan: 40.83%, -3.36% [1] - The overall market sentiment reflected mixed performance among high-turnover stocks, with some experiencing substantial gains while others faced declines [1]