Group 1 - The core point of the article is that Sanxie Electric (stock code: 920100) experienced significant trading activity on September 16, 2025, with a turnover rate of 40.81% and a trading volume of 6.979 million shares, amounting to a transaction value of 634 million yuan [1] Group 2 - The top buyer was Guosen Securities Co., Ltd., Shenzhen Hongling Middle Road Securities Business Department, purchasing shares worth 13.7662 million yuan [1] - The top seller was Huayuan Securities Co., Ltd., Jiangsu Branch, selling shares worth 13.8882 million yuan [1]

Market Activity - The average daily trading amount on the North Exchange decreased by 11.23% to 31.945 billion yuan compared to the previous week[7] - The weekly turnover rate for the North Exchange was 33.34%[7] - The North Exchange's trading amount accounted for 1.37% of the total market during the week[11] Index Performance - The North 50 Index reached a historical high on September 8, 2025, but subsequently fell by 1.07% during the week[12] - Other major indices showed varied performance, with the Sci-Tech 50 Index increasing by 5.48% and the ChiNext Index rising by 2.10%[12] Sector Analysis - Among 24 sectors, only 4 sectors had a positive median return, with the oil and petrochemical sector leading at 2.72%[16] - The textile and apparel sector had the largest median decline at -6.38%[16] - The computer sector had the highest median price-to-earnings (P/E) ratio at 147.30 times, indicating high valuation compared to other sectors[16] New Listings and IPOs - One new stock was listed and one was in the process of IPO during the week[34] - The newly listed stock, Sanxie Electric, saw a first-day price increase of 736.78%[34] New Third Board Activity - The trading scale of the New Third Board increased by 33.83% compared to the previous week, with the innovative tier and basic tier trading amounts reaching 1.504 billion yuan and 297 million yuan respectively[30]

Core Viewpoint - Sanxie Electric (920100) experienced a significant increase of 14.15% in stock price, with a trading volume turnover rate of 48.94% and a total transaction value of 736 million yuan on the day of reporting [2] Trading Activity - The stock was listed on the North Exchange's daily trading information due to its turnover rate reaching 48.94%, with a net buying amount of 18.8571 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction value of 166 million yuan, with a buying amount of 92.5469 million yuan and a selling amount of 73.6897 million yuan, resulting in a net buying of 18.8571 million yuan [2] - The largest buying brokerage was Guojin Securities Shenzhen Branch, with a buying amount of 25.5389 million yuan, while the largest selling brokerage was Dongfang Caifu Securities Lhasa Tuanjie Road Second Securities Brokerage, with a selling amount of 18.16 million yuan [2] Historical Performance - Over the past six months, the stock has appeared on the trading leaderboard five times, with an average price increase of 3.21% the day after being listed and an average increase of 9.47% over the following five days [2]

Group 1 - The core point of the news is that Sanxie Electric (stock code: 920100) experienced significant trading activity on September 15, 2025, with a turnover rate of 48.94% and a trading volume of 8.3685 million shares, amounting to a transaction value of 736 million yuan [1][3] - The top buying seat was from Guojin Securities Co., Ltd. Shenzhen Branch, which purchased shares worth approximately 25.54 million yuan, while the top selling seat was from Dongfang Caifu Securities Co., Ltd. Lhasa Tuanjie Road Second Securities Business Department, which sold shares worth about 18.16 million yuan [1][2] - The trading activity indicates a high level of interest in Sanxie Electric, as evidenced by the substantial turnover and the involvement of multiple securities firms in both buying and selling [1][2][3] Group 2 - The detailed trading data shows that the second highest buying amount was from Guoxin Securities Co., Ltd. Shenzhen Hongling Middle Road Securities Business Department, with approximately 23.78 million yuan, while the second highest selling amount was also from Dongfang Caifu Securities, amounting to about 18.16 million yuan [2] - Other notable trading participants included CITIC JianTou Securities Co., Ltd. Beijing Dongcheng Branch and Guoxin Securities Co., Ltd. Beijing Branch, indicating a diverse range of institutional interest in the stock [2] - The overall trading dynamics reflect a competitive environment among various securities firms, highlighting the stock's attractiveness to investors [2][3]

Weekly New Stock Performance - Two new stocks were listed from September 8 to September 12, with an average first-day price increase of 477.82%[2] - Both new stocks, Aifenda and Sanxie Electric, had first-day gains exceeding 100%[2] Weekly New Stock Listing Trends - The number of new stocks listed increased by 1 compared to the previous week, while the total fundraising amount decreased by 0.55 billion yuan[3] - No new stocks experienced a first-day price drop in the week prior[3] Monthly New Stock Listing Overview - From September 1 to September 15, 3 new stocks were listed, raising a total of 15.72 billion yuan, with an average first-day price increase of 409.41%[10] - The previous month (August) saw 8 new stocks listed, raising 39.34 billion yuan, with an average first-day price increase of 266.43%[10] Upcoming New Stock Subscriptions - Five new stocks are available for online subscription this week, including one on the main board and three on the ChiNext board[15] - The expected fundraising amounts for these stocks range from 5.69 billion yuan to 49.30 billion yuan[17][19] Risk Considerations - New stock performance is influenced by market sentiment; poor market conditions may negatively impact new stock listings[19] - Newly listed stocks may experience significant price volatility due to limited liquidity and lower circulating shares[19]

Market Overview - The electric motor sector increased by 0.76% compared to the previous trading day, with Sanxie Electric leading the gains [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Stock Performance - Sanxie Electric (code: 920100) closed at 90.90, up 14.15% with a trading volume of 83,700 shares and a transaction value of 736 million [1] - Fangzheng Electric (code: 002196) closed at 10.33, up 10.01% with a trading volume of 644,800 shares and a transaction value of 647 million [1] - Jiangte Electric (code: 002176) closed at 10.24, up 4.07% with a trading volume of 1,859,800 shares and a transaction value of 1889 million [1] - Other notable performers include Ananda (code: 603350) up 3.36% and Mingzhi Electric (code: 603728) up 2.49% [1] Fund Flow Analysis - The electric motor sector experienced a net outflow of 1.8 billion from institutional investors, while retail investors saw a net inflow of 733 million [2] - Notable stocks with significant fund flows include Fangzheng Electric with a net inflow of 229 million from institutional investors, despite a net outflow of 101 million from speculative funds [3] - Jiangte Electric also saw a net inflow of 146 million from institutional investors, with a net outflow of 40.62 million from speculative funds [3]

证券研究报告·北交所报告·北交所定期报告 北交所定期报告 20250914 本周北证 50 创新高后震荡回落，建议关注科 技成长个股 [Table_Tag] [Table_Summary] 北交所市场表现 行业重要新闻 观点 ◼ 本周北交所市场活跃度有所回落，建议关注产业景气度高的科技成长性 企业。本周北证 50 指数在周一创出新高后开始震荡回落，全周累计下 跌 1.07%，北交所内部行情呈现高度分化，资金较为关注科技题材相关 个股，如曙光数创（数据中心）、戈碧迦（半导体）、舜宇精工（AGV）、 华密新材（PEEK）等。建议关注产业景气度高，重点布局人工智能、机 器人、商业航天、低空经济等方向、估值相对低位的成长型个股。 新股上市 ◼ 三协电机（ 920100.BJ）：成立于 2002 年，专注于研发、制造并销售控 制类电机，主要产品包括步进电机、伺服电机和无刷电机及与其配套产 品，以其体积小、功率密度大、绿色节能的显著特点，在精密控制电机 领域树立了良好口碑及自主品牌。其产品已广泛用于安防、纺织、光伏、 半导体、3C 电子、汽车制造、机器人、医疗设备和智能物流等领域。 投资建议 2025 年 09 月 14 ...

Core Insights - The article provides an overview of the financing events in the primary market, highlighting a total of 143 financing events this week, with a total amount of approximately 6.747 billion yuan, a decrease of 9.145 billion yuan compared to the previous week [4] - The article emphasizes the increasing participation of investment institutions, with 191 institutions involved this week, an increase of 21 from last week [4] Financing Overview - This week, there were 71 disclosed financing events, an increase of 12 from last week, with the financing amount distribution showing no significant changes compared to the previous week [5] - Notable financing events include: - Self-variable Robotics completed nearly 1 billion yuan in A+ round financing led by Alibaba Cloud and other investors [7] - Hongzhen Aerospace raised 350 million yuan in A round financing to enhance its 3D printing services [7] - Aishi Technology secured over 60 million USD in B round financing for AI video generation technology [8] - Tianqing Aerospace raised nearly 100 million yuan in C+ round financing for capacity expansion [8] Industry Distribution - The financing events involved 14 industries, with the top five being Information Technology, Electronics, Equipment Manufacturing, Healthcare, and Materials, accounting for 75.52% of total events [11] - In terms of financing amount, Electronics led with 5.507 billion yuan, followed by Equipment Manufacturing and Healthcare [13] Hot Sectors - The article notes high interest in Artificial Intelligence and Commercial Aerospace sectors, with significant funding and policy support observed [14][15] - Since 2025, over 50 billion yuan has been raised in the Commercial Aerospace sector, indicating a growing trend [15] Regional Distribution - The top five regions for financing events were Guangdong, Jiangsu, Beijing, Zhejiang, and Shanghai, accounting for 79.02% of total events [18] - In terms of financing amount, Shanghai, Beijing, and Shandong were the leading regions, collectively accounting for 86.03% of the total financing [18] Financing Rounds - Angel and A rounds were the most active, totaling 98 events, with A rounds leading in financing amount due to significant contributions from major companies [23] Investment Institutions - A total of 191 investment institutions participated this week, with notable activity from Yida Capital and Yuanhe Holdings [25] Exit Situation - There were 40 public exit cases this week, an increase of 17 from last week, with the Electronics and Equipment Manufacturing sectors having the highest number of exits [30]

三协电机（920100）今日下跌9.93%，全天换手率46.24%，成交额6.72亿元，振幅12.88%。龙虎榜数据 显示，营业部席位合计净卖出1677.99万元。 北交所公开信息显示，当日该股因日换手率达46.24%上榜，营业部席位合计净卖出1677.99万元。 （文章来源：证券时报网） 具体来看，今日上榜营业部中，第一大买入营业部为东方财富证券股份有限公司拉萨团结路第二证券营 业部，买入金额为1399.67万元，第一大卖出营业部为国金证券股份有限公司深圳分公司，卖出金额为 2404.89万元。（数据宝） 三协电机9月12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 | 东方财富证券股份有限公司拉萨团结路第二证券营业 | 1399.67 | 878.01 | | | 部 | | | | 买二 | 国泰海通证券股份有限公司浙江宁波广福街营业部 | 1016.18 | 9.54 | | 买三 | 国联民生证券股份有限公司无锡清扬路证券营业部 | 855.44 | 8.81 | | 买四 | 申万宏源 ...

| 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 万和证券股份有限公司台州分公司 | 2470.99 | 500.71 | | 买二 | 国金证券股份有限公司深圳分公司 | 2059.06 | 882.94 | | 买三 | 广发证券股份有限公司深圳东滨路营业部 | 1515.89 | 1086.44 | | 买四 | 国信证券股份有限公司福州五一中路证券营业部 | 1102.17 | 80.88 | | 买五 | 东方财富证券股份有限公司拉萨团结路第二证券营业 部 | 1056.39 | 1023.52 | | 卖一 | 东亚前海证券有限责任公司上海分公司 | 0.00 | 2778.29 | | 卖二 | 机构专用 | 710.57 | 1849.50 | | 卖三 | 国信证券股份有限公司深圳红岭中路证券营业部 | 734.83 | 1499.80 | | 卖四 | 国信证券股份有限公司河南分公司 | 0.00 | 1368.99 | | 卖五 | 国泰海通证券股份有限公司河南郑州黄河路营业部 | 93.7 ...