Group 1 - The new stock and newly listed sector continues to exhibit a speculative trend, with localized highlights becoming more pronounced. The current adjustment cycle has lasted nearly four months, and the negative impact from the failure to reach a bottom in early December is expected to have been digested over the past few weeks. A turning point for this adjustment cycle may be approaching [1][2][13] - The average increase in the new stock sector since the beginning of 2024 is approximately 1.2%, with about 60.1% of stocks achieving positive returns, indicating a recovery from the previous week’s average decline of -2.0% [1][13][28] - External catalysts are increasing, including the central bank's encouragement to raise long-term capital investment in A-shares, which may boost overall market risk appetite. Additionally, the Shanghai Stock Exchange's new listing standards for commercial aerospace companies may enhance trading enthusiasm in current popular themes [2][13] Group 2 - The focus remains on technology sectors, particularly in areas such as AI computing power, robotics, and commercial aerospace, which have significant long-term growth potential. Continuous attention and active search for emerging hotspots within these sectors are recommended [3][13] - For sectors that are currently popular, it is advised to manage the rhythm of adjustments and consider rotational investments, including innovative pharmaceuticals, new energy, new consumption, and non-ferrous chemicals [3][13] Group 3 - Upcoming new stocks include Qiangyi Co., Yufan Technology, Shuangxin Environmental Protection, and Hengdong Light [4][33] - Last week, three new stocks were available for online subscription, with an average issuance price-earnings ratio of 18.7X and an average subscription success rate of 0.0210% [5][21] - The average first-day increase for newly listed stocks last week was approximately 265%, indicating sustained high trading enthusiasm, although this was a slight decrease from the previous week’s average of 343% [5][25][26]

北矿检测（920160）今日上涨16.44%，全天换手率57.44%，成交额4.21亿元，振幅31.46%。龙虎榜数据 显示，营业部席位合计净买入1256.23万元。 北交所公开信息显示，当日该股因日价格振幅达31.46%、日换手率达57.44%上榜，营业部席位合计净 买入1256.23万元。 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8298.86万元，其中，买入成交额为 4777.55万元，卖出成交额为3521.32万元，合计净买入1256.23万元。 具体来看，今日上榜营业部中，第一大买入营业部为东亚前海证券有限责任公司苏州分公司，买入金额 为1195.11万元，第一大卖出营业部为中国银河证券股份有限公司福州证券营业部，卖出金额为848.36万 元。 近半年该股累计上榜龙虎榜8次，上榜次日股价平均跌1.45%，上榜后5日平均跌0.82%。（数据宝） 北矿检测12月26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 | 东亚前海证券有限责任公司苏州分公司 | 1195.11 | 0. ...

Market Performance - The professional services sector increased by 0.36% on December 26, with C Tian Su leading the gains [1] - The Shanghai Composite Index closed at 3963.68, up 0.1%, while the Shenzhen Component Index closed at 13603.89, up 0.54% [1] Top Gainers - C Tian Su (301449) closed at 114.65, with a significant increase of 27.23% and a trading volume of 102,600 shares, amounting to a transaction value of 1.079 billion yuan [1] - Bei Mining Testing (920160) rose by 16.44% to close at 28.97, with a trading volume of 146,400 shares and a transaction value of 421 million yuan [1] - Lihe Kechuang (002243) increased by 5.37% to close at 10.21, with a trading volume of 514,700 shares and a transaction value of 521 million yuan [1] Top Losers - Kai Pu Testing (003008) decreased by 1.69% to close at 22.05, with a trading volume of 12,900 shares and a transaction value of 28.66 million yuan [2] - Zhong Quan Radiation (300962) fell by 1.68% to close at 16.36, with a trading volume of 35,700 shares and a transaction value of 58.79 million yuan [2] - Jian Yan Yuan (603183) dropped by 1.59% to close at 4.33, with a trading volume of 90,000 shares and a transaction value of 39.42 million yuan [2] Capital Flow - The professional services sector saw a net inflow of 21.41 million yuan from institutional investors, while retail investors contributed a net inflow of 32.55 million yuan [2] - Speculative funds experienced a net outflow of 53.95 million yuan [2] Individual Stock Capital Flow - Bei Mining Testing (920160) had a net inflow of 98.49 million yuan from institutional investors, representing 23.37% of its trading volume [3] - C Tian Su (301449) saw a net inflow of 84.19 million yuan from institutional investors, but a net outflow of 59.42 million yuan from speculative funds [3] - Pu Ni Testing (300887) recorded a net inflow of 8.77 million yuan from institutional investors, while retail investors experienced a net outflow of 32.37 million yuan [3]

Core Insights - The professional services sector experienced a slight increase of 0.47% on December 18, with Fengshang Culture leading the gains [1] - The Shanghai Composite Index closed at 3876.37, up 0.16%, while the Shenzhen Component Index closed at 13053.98, down 1.29% [1] Performance Summary - Fengshang Culture (300860) closed at 28.01, up 7.52% with a trading volume of 117,500 shares and a transaction value of 331 million yuan [1] - Beikang Testing (920160) closed at 26.20, up 3.23% with a trading volume of 39,600 shares and a transaction value of 102 million yuan [1] - Jianyan Institute (603183) closed at 4.30, up 2.38% with a trading volume of 131,900 shares and a transaction value of 56.61 million yuan [1] - Lihua Technology (002243) closed at 9.15, up 2.23% with a trading volume of 180,000 shares and a transaction value of 164 million yuan [1] - Guoyi Bidding (920039) closed at 11.91, up 2.14% with a trading volume of 38,700 shares and a transaction value of 46.12 million yuan [1] - Other notable performers include Shishi Testing (300416) and Puni Testing (300887), with increases of 1.59% and 1.55% respectively [1] Capital Flow Analysis - The professional services sector saw a net outflow of 35.42 million yuan from institutional investors and 34.01 million yuan from retail investors, while retail investors had a net inflow of 69.43 million yuan [2] - Lihua Technology (002243) had a net inflow of 26.40 million yuan from institutional investors, while Fengshang Culture (300860) saw a net inflow of 13.05 million yuan [3] - Other companies like Xince Standard (300938) and Su Testing (300416) also experienced varying levels of net inflow and outflow from different investor categories [3]

Core Viewpoint - The market experienced a decline on December 16, with the Shanghai Composite Index dropping by 1.11%, and the total margin financing balance across exchanges decreased to 2504.835 billion yuan, a reduction of 0.0834 billion yuan from the previous trading day [1]. Margin Financing Overview - As of December 16, the margin financing balance in the Shanghai market was 1272.111 billion yuan, an increase of 5.286 billion yuan from the previous trading day; the Shenzhen market's balance was 1224.967 billion yuan, a decrease of 6.159 billion yuan; and the Beijing Stock Exchange's balance was 7.757 billion yuan, an increase of 0.039 billion yuan [1]. - The total margin financing balance across Shanghai, Shenzhen, and Beijing was 2504.835 billion yuan, reflecting a decrease of 0.0834 billion yuan from the previous trading day [1]. Industry Analysis - Among the industries tracked by Shenwan, 13 sectors saw an increase in financing balance, with the non-bank financial sector leading with an increase of 0.763 billion yuan, followed by the retail and computer sectors with increases of 0.500 billion yuan and 0.303 billion yuan, respectively [1]. Individual Stock Performance - A total of 1720 stocks experienced an increase in financing balance, accounting for 45.84% of the total, with 199 stocks seeing an increase of over 5% [1]. - The stock with the highest increase in financing balance was Beikang Detection, which had a latest financing balance of 6.2493 million yuan, reflecting a 127.23% increase from the previous trading day, and its stock price rose by 0.71% [1]. - Other notable stocks with significant increases in financing balance included Zhongchao Holdings and Zhongcheng Consulting, with increases of 54.33% and 53.10%, respectively [1]. Top Gainers and Losers - Among the top 20 stocks with the largest increase in financing balance, the average stock price increased by 2.54%, with notable gainers including Shunyu Precision (19.94%), Jingchuang Electric (12.49%), and Huanle Home (10.74%) [2]. - Conversely, the top losers included Hongxi Technology (-10.59%), Yipin Hong (-10.45%), and Fengfan Co. (-8.28%) [2]. Declining Stocks - In contrast, 2032 stocks saw a decrease in financing balance, with 203 stocks experiencing a decline of over 5%. The stock with the largest decrease was Meizhigao, with a financing balance of 1.8816 million yuan, down by 28.98% from the previous trading day [4]. - Other stocks with significant declines included Dapeng Industrial and Taipeng Intelligent, with decreases of 24.11% and 23.85%, respectively [4].

证券代码：920160 证券简称：北矿检测 公告编号：2025-139 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、 审议及表决情况 北矿检测技术股份有限公司于 2025 年 12 月 9 日召开第一届董事会第三十一 次会议，审议通过《关于制定和修订需要股东会决议的部分治理制度的议案》， 该议案尚需提交股东会审议。 二、 分章节列示制度主要内容： 北矿检测技术股份有限公司 会计师事务所选聘管理办法 第一章 总则 第一条 为进一步规范北矿检测技术股份有限公司（以下简称"公司"）选聘 （含"续聘、改聘"，下同）会计师事务所执行财务报表审计业务相关行为，切 实维护股东利益，提高审计工作和财务信息的质量，依据《中华人民共和国公司 法》《国有企业、上市公司选聘会计师事务所管理办法》《中央企业财务决算审计 管理工作规则》《北京证券交易所股票上市规则》等法律、法规、规范性文件和 《北矿检测技术股份有限公司章程》（以下简称"《公司章程》"）等有关规定，结 合公司实际情况，制定《北矿检测技术股份有限公司会计师事务 ...

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、 审议及表决情况 北矿检测技术股份有限公司于 2025 年 12 月 9 日召开第一届董事会第三十一 次会议，审议通过《关于制定和修订需要股东会决议的部分治理制度的议案》， 该议案尚需提交股东会审议。 二、 分章节列示制度主要内容： 北矿检测技术股份有限公司 累积投票实施细则 第一章 总则 证券代码：920160 证券简称：北矿检测 公告编号：2025-137 第一条 为进一步规范北矿检测技术股份有限公司（以下简称"公司"）董事 的选举，保证公司所有股东充分行使权利，充分维护中小股东的合法权益，根据 《中华人民共和国公司法》、《北京证券交易所股票上市规则》等有关法律法规及 《北矿检测技术股份有限公司章程》（以下简称"《公司章程》"）等有关规定，特 制定本细则。 北矿检测技术股份有限公司累积投票实施细则 第二章 董事的选举 第七条 公司独立董事、非独立董事应分开选举，分开投票。股东可以将其 拥有的表决票集中选举一人，也可以分散选举数人。 第二条 公司股东 ...

北矿检测技术股份有限公司董事、高级管理人员离职管理 办法 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、 审议及表决情况 北矿检测技术股份有限公司于 2025 年 12 月 9 日召开第一届董事会第三十一 次会议，审议通过《关于制定和修订无需股东会决议的部分治理制度的议案》， 该议案无需提交股东会审议。 二、 分章节列示制度主要内容： 证券代码：920160 证券简称：北矿检测 公告编号：2025-144 北矿检测技术股份有限公司 董事、高级管理人员离职管理办法 第一章 总则 第一条 为了规范北矿检测技术股份有限公司（以下简称"公司"）董事、高 级管理人员离职管理，保障公司治理稳定性及股东合法权益，根据《中华人民共 和国公司法》《中华人民共和国证券法》《上市公司治理准则》《北京证券交易所 股票上市规则》等法律、行政法规以及《北矿检测技术股份有限公司章程》（以 下简称《公司章程》）的有关规定，并结合公司的实际情况，特制定本办法。 第二条 本办法适用于公司全体董事（含独立董事）及高级管理人员的任期 届 ...

证券代码：920160 证券简称：北矿检测 公告编号：2025-138 北矿检测技术股份有限公司董事、高级管理人员薪酬管理 办法 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、 审议及表决情况 北矿检测技术股份有限公司于 2025 年 12 月 9 日召开第一届董事会第三十一 次会议，审议通过《关于制定和修订需要股东会决议的部分治理制度的议案》， 该议案尚需提交股东会审议。 二、 分章节列示制度主要内容： 北矿检测技术股份有限公司 董事、高级管理人员薪酬管理办法 第一章 总则 第一条 为进一步完善北矿检测技术股份有限公司（以下简称"公司"）激励 与约束机制，加强和规范公司董事和高级管理人员薪酬的管理，调动公司董事及 高级管理人员工作积极性，根据有关法律、法规和规范性文件规定及《北矿检测 技术股份有限公司章程》（以下简称《公司章程》）的规定，结合公司实际情况， 制定本办法。 第二条 本办法适用于下列人员： （一）公司董事，包括独立董事、非独立董事； （二）公司高级管理人员，包含总经理、副总经理、财务 ...

证券代码：920160 证券简称：北矿检测 公告编号：2025-135 北矿检测技术股份有限公司股东会议事规则 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、 审议及表决情况 北矿检测技术股份有限公司于 2025 年 12 月 9 日召开第一届董事会第三十一 次会议，审议通过《关于变更注册资本、公司类型、经营范围、调整董事会人数 并修订<公司章程>及相关议事规则的议案》，该议案尚需提交股东会审议。 二、 分章节列示制度主要内容： 北矿检测技术股份有限公司 股东会议事规则 第一章 总则 第一条 为规范北矿检测技术股份有限公司（以下简称"公司"）股东会的组 织和行为，保证股东会依法、规范、高效运作，确保股东有效行使权利，保障股 东合法权益，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称《证券法》）、《上市公司股东会规则》《北京证券交 易所股票上市规则》等有关法律法规和《北矿检测技术股份有限公司章程》（以 下简称"《公司章程》"）的规定，制定本规则。 第二条 ...