12月12日贝特瑞大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收 盘价折溢价 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | | | | | | | | （%） | | | | 20.00 | 812.00 | 40.60 | 28.48 | 中信证券股份有限公司 绍兴群贤路证券营业部 | 中泰证券股份有限公司 北京朝外大街证券营业 | | | | | | | 部 | （文章来源：证券时报网） 贝特瑞（920185）12月12日大宗交易平台出现一笔成交，成交量20.00万股，成交金额812.00万元，大宗 交易成交价为40.60元，相对今日收盘价溢价28.48%。该笔交易的买方营业部为中信证券股份有限公司 绍兴群贤路证券营业部，卖方营业部为中泰证券股份有限公司北京朝外大街证券营业部。 证券时报·数据宝统计显示，贝特瑞今日收盘价为31.60元，下跌2.71%，日换手率为1.33%，成交额为 4.75亿元，近5日该股累计下跌1.53%。（数据宝） ...

截至12月11日，北交所融资融券余额合计77.09亿元，较前一交易日增加1.35亿元，其中，融资余额 77.09亿元，较前一交易日增加1.35亿元，为连续2个交易日增加；融券余额为23.55万元，较前一交易日 增加0.32万元。 | 代码 | 简称 | 12月11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 | | 920185 | 贝特瑞 | 6.77 | 35457.22 | 1778.03 | 0.98 | 电力设 | | | | | | | | 备 | | 920640 | 富士达 | 13.42 | 8588.58 | 1045.07 | 1.22 | 通信 | | 920091 | 大鹏工 | 25.85 | 1938.20 | 914.81 | 2.09 | 机械设 | | | 业 | | | | | 备 | | 920396 | 常辅股 | 12.01 | 2690.52 | 824.97 | 1.58 ...

Core Viewpoint - The North Exchange 50 Index experienced a significant surge on December 11, reaching a peak of 1482.59 points, with an intraday increase of 6.68% [1][2]. Market Performance - The closing price on December 11 was 1479.69, with a previous close of 1389.80, resulting in a rise of 89.89 points or 6.47% [2]. - The trading volume was 8.54 billion, and the total transaction amount reached 186.08 billion [2]. - The index's price-to-earnings ratio stood at 70.31, while the price-to-book ratio was 5.16 [2]. Key Stocks - Among the major constituents, Tianli Composite hit a 30% limit up, while other stocks like Xingtum Measurement Control, Fujida, and Tianma New Materials rose over 10% [4][7]. - Specific stock performances included: - Tianli Composite: Current price 46.80, up 10.80, a 30% increase [7]. - Xingtum Measurement Control: Current price 93.98, up 15.10, a 19.14% increase [7]. - Fujida: Current price 38.95, up 4.52, a 13.13% increase [7]. - Tianma New Materials: Current price 34.08, up 3.90, a 12.92% increase [7].

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94只，占可交易个股的 32.98%，收盘涨幅居前的有凯德石英、天力复合、田野股份，分别上涨12.19%、7.78%、6.22%。收盘 股价下跌的有186只，跌幅居前的有曙光数创、惠丰钻石、吉林碳谷等，分别下跌7.98%、6.11%、 5.62%。 成交方面，全天成交额超亿元的股票共有31只，成交额居前的北交所股票有锦波生物、星图测控、曙光 数创等，成交额分别为4.43亿元、4.31亿元、4.10亿元。 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12只，其中，2股换手率超20%，换 手率在5%~10%之间的有23只，换手率在1%~5%之间的有204只。全天换手率居前的股票有大鹏工业、 精创电气、朱老六等，换手率分别为38.02%、22.52%、17.95%。（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（%） | 成交额（万元） | | --- | --- | --- | --- | --- | --- | | 920982 | 锦波生物 | 245.95 | 5.42 ...

Industry Overview - Graphite is a crucial anode material in lithium-ion batteries, characterized by high-temperature resistance, corrosion resistance, electrical conductivity, and thermal conductivity [1] - Graphite anode materials are categorized into natural and synthetic types, each with distinct performance, cost, and application scenarios [1][2] Production and Supply Chain - The upstream supply chain includes raw material suppliers like natural graphite mines and carbon materials for synthetic graphite, while the midstream consists of manufacturers of graphite anode materials, and the downstream includes various battery producers [5][8] - China's natural graphite production reached 91 million tons in 2023, with a projected increase to approximately 95 million tons in 2024 [15] Market Trends - The market share of synthetic graphite anode materials has been increasing, with over 90% of the total anode material shipments being synthetic by mid-2025 [25] - The total output of graphite anode materials in China is expected to exceed 200 million tons by 2024, with a growth rate of 26% [24] Competitive Landscape - Leading companies in the graphite anode materials sector include BETTERI, Sanyuan, and others, with BETTERI's revenue from graphite-related business exceeding 10 billion yuan [29] - The industry is concentrated in regions like Guangdong, Shanghai, and Zhejiang, with many representative companies located in Guangdong [30] Future Outlook - The demand for graphite anode materials is anticipated to surge, particularly driven by the growth in electric vehicle batteries and energy storage systems, with projections indicating that shipments could exceed 5 million tons by 2030 [36][37] - The industry is expected to see further innovation and consolidation, with leading firms investing in high-end synthetic graphite and other advanced materials [34]

Group 1 - The average return of 11 theme funds on the Beijing Stock Exchange (BSE) reached 52.12% in 2025, indicating a strong performance and potential for diversified investor participation as the two-year fixed-open products become available for subscription and redemption [1][19][20] - The number of public fund institutions investing in BSE stocks increased to 29 by the end of 2024, a year-on-year growth of 31.82%, with the number of heavily invested companies rising from 34 to 41 in the first three quarters of 2025 [11][12] - The BSE's market performance shows a shift towards diversified investment styles, with a focus on emerging industries such as intelligent connected new energy vehicles, commercial aerospace, low-altitude economy, and robotics [1][31] Group 2 - The BSE 50 Index reported a value of 1,387.70 points, with a week-on-week increase of 0.75%, while the BSE specialized and new index reached 2,317.70 points, up 0.79% [2][43] - The TTM PE ratios for various sectors on the BSE include high-end equipment at 38.37X, information technology at 84.54X, and chemical new materials at 42.21X, indicating sector-specific valuation trends [2][33] - The top ten companies by market value held by funds on the BSE as of Q3 2025 include Jinbo Bio, Naconoer, and Better Energy, with significant changes in holdings reflecting market dynamics [22][23][24] Group 3 - The BSE's passive index fund scale has seen significant growth, with the BSE 50 Index fund size reaching 128.93 billion yuan by November 28, 2025, and the number of tracking products increasing to 68 [13][16] - The fund holdings on the BSE show that 59.17% of companies have a market value between 2-5 billion yuan, while 49.17% of companies reported a net profit of less than 50 million yuan in 2024 [27][29] - The industry allocation preferences of funds on the BSE are similar to those on the dual innovation board, with the top five sectors being machinery, hardware equipment, electrical equipment, automotive parts, and software services [31][32]

Summary of Key Points Core Viewpoint - The trading volume and value of stocks on the Beijing Stock Exchange (BSE) experienced a significant decrease, with a total trading volume of 603 million shares and a trading value of 13.525 billion yuan, down by 1.879 billion yuan compared to the previous trading day. Despite this, 58 stocks closed higher, indicating some positive performance among individual stocks [1]. Trading Performance - The total trading volume on the BSE was 603 million shares, with a trading value of 13.525 billion yuan, reflecting a decrease of 1.879 billion yuan from the previous day [1]. - Among the stocks traded, 58 stocks saw an increase in their closing prices, accounting for 20.42% of the total tradable stocks. Notable gainers included Nantong Technology, which surged by 183.03%, and other stocks like Zecheng Electronics and Haomiao Technology, which rose by 9.72% and 7.58%, respectively [1][2]. - Conversely, 220 stocks experienced a decline in their closing prices, with Zhu Laoliu, Dapeng Industrial, and Meideng Technology leading the losses at 7.45%, 6.22%, and 5.99%, respectively [1][2]. Stock Activity - Nantong Technology had a remarkable trading day, with a price increase of 183.03% and a turnover rate of 68.63%, resulting in a trading value of approximately 1.396 billion yuan [2]. - A total of 29 stocks had trading values exceeding 100 million yuan, with Nantong Technology, Dapeng Industrial, and Better Battery leading the pack with trading values of 1.396 billion yuan, 409.12 million yuan, and 277.78 million yuan, respectively [2]. - The trading activity showed that 12 stocks had a turnover rate exceeding 10%, with 2 stocks surpassing 20%. The majority of stocks had turnover rates between 1% and 5% [2]. Notable Stocks - The top-performing stocks included: - Nantong Technology: Closing price of 24.51 yuan, up 183.03%, turnover rate of 68.63%, trading value of 1.396 billion yuan [2]. - Dapeng Industrial: Closing price of 60.33 yuan, down 6.22%, turnover rate of 49.59%, trading value of 409.12 million yuan [2]. - Better Battery: Closing price of 31.30 yuan, up 0.13%, turnover rate of 0.79%, trading value of 277.78 million yuan [2]. Market Trends - The overall market sentiment appears mixed, with a significant number of stocks declining while a few notable stocks, particularly Nantong Technology, showed exceptional performance. This indicates potential volatility and selective investment opportunities within the BSE [1][2].

Summary of Key Points Core Viewpoint - The trading volume on the Beijing Stock Exchange (BSE) reached 633 million shares with a total transaction value of 14.009 billion yuan, reflecting a decrease of 168 million yuan compared to the previous trading day. A total of 61 stocks closed higher, while 218 stocks closed lower [1]. Trading Performance - The stocks with the highest closing price increases included Zhu Laoliu (up 13.18%), Hongxi Technology (up 10.80%), and Kaide Quartz (up 5.27%) [1]. - The stocks with the largest declines were Deer Chemical (down 7.30%), Rongyi Precision (down 6.52%), and Boxun Biology (down 5.98%) [1]. Transaction Details - A total of 39 stocks had transaction values exceeding 100 million yuan, with the highest being Dapeng Industrial (588.12 million yuan), Tietuo Machinery (368.57 million yuan), and Better Ray (290.79 million yuan) [1]. - The trading activity showed that 14 stocks had a turnover rate exceeding 10%, with 4 stocks exceeding 20%. The highest turnover rates were for Dapeng Industrial (69.22%), Tietuo Machinery (29.98%), and Zhu Laoliu (21.64%) [1]. Stock Performance Table - A detailed table lists various stocks, their closing prices, percentage changes, turnover rates, and transaction values, highlighting the performance of individual stocks on the BSE [2][3][4][5][6][7][8][9][10].

Core Insights - The total trading volume on the Beijing Stock Exchange reached 867 million shares with a transaction value of 18.247 billion yuan, marking an increase of 3.048 billion yuan compared to the previous trading day [1] - A total of 22 stocks closed higher, with notable gains from Dapeng Industrial, Chengdian Optical, and Baixinglong, which rose by 1211.11%, 7.69%, and 4.54% respectively [1][2] - Conversely, 260 stocks experienced declines, with Rongyi Precision, Litong Technology, and Bawi Co., Ltd. seeing the largest drops of 14.34%, 13.94%, and 9.45% respectively [1][2] Trading Activity - Dapeng Industrial saw a remarkable increase of 1211.11% in its stock price, with a turnover rate of 98.28% and a transaction value of 587.478 million yuan [2] - A total of 47 stocks had transaction values exceeding 100 million yuan, with Dapeng Industrial, Better Ray, and Qiule Seed Industry leading at 587.478 million yuan, 501.831 million yuan, and 347.499 million yuan respectively [2] - Among the stocks traded, 22 had turnover rates exceeding 10%, with three stocks surpassing 20% [2] Stock Performance Summary - The following table summarizes the performance of key stocks on the Beijing Stock Exchange: | Stock Code | Stock Name | Closing Price (Yuan) | Change (%) | Turnover Rate (%) | Transaction Value (Million Yuan) | |------------|----------------|-----------------------|------------|--------------------|-----------------------------------| | 920091 | Dapeng Industrial | 118.00 | 1211.11 | 98.28 | 587.478 | | 920185 | Better Ray | 31.09 | -7.53 | 1.41 | 500.783 | | 920087 | Qiule Seed Industry | 16.39 | 4.33 | 12.70 | 347.500 | | 920405 | Haixi Communications | 27.63 | 0.99 | 10.74 | 332.384 | | 920809 | Anda Technology | 7.10 | -5.84 | 9.14 | 304.398 | | 920640 | Fujida | 31.48 | -6.84 | 4.61 | 267.248 | | 920160 | Beikang Testing | 26.10 | 1.36 | 39.50 | 264.028 | | 920223 | Rongyi Precision | 22.16 | -14.34 | 13.36 | 249.598 | | 920982 | Jinbo Biology | 220.01 | -4.88 | 2.01 | 248.353 | | 920225 | Litong Technology | 35.20 | -13.94 | 7.93 | 239.040 | | 920522 | Nacornor | 60.00 | -6.34 | 2.91 | 230.296 | | 920252 | Tianhong Lithium | 29.68 | -7.94 | 11.17 | 229.061 | | 920509 | Tonghui Electronics | 37.29 | -1.87 | 7.09 | 228.346 | | 920015 | Jinhua New Materials | 50.68 | -1.30 | 14.28 | 225.031 | | 920493 | Parallel Technology | 134.39 | -5.63 | 3.67 | 208.567 | | 920227 | Meideng Technology | 65.20 | 2.48 | 17.51 | 199.682 | | 920008 | Chengdian Optical | 33.19 | 7.69 | 17.07 | 186.889 | | 920284 | Lingge Technology | 42.50 | -7.59 | 6.29 | 186.716 | | 920299 | Caneng Power | 20.14 | 1.82 | 20.46 | 185.730 | | 920305 | *ST Yunchuang | 12.64 | 3.44 | 17.42 | 182.903 | [2][3]

Market Overview - The A-share market experienced an overall pullback in the third week of November 2025, with the average daily trading amount on the Beijing Stock Exchange (BSE) falling to 214 billion yuan, a decrease of 5.86% from the previous week[1] - The BSE 50 Index declined by 0.56%, which is less than the declines seen in other major indices, indicating relative stability[1] Trading Activity - The average daily trading volume on the BSE was 213.92 billion yuan, with a turnover rate of 22.52%[1][8] - The BSE's trading volume accounted for 1.05% of the total market, reflecting a further decrease in trading activity compared to the previous week[11] Sector Performance - Among the 24 sectors on the BSE, 13 sectors had a positive median return, with the utilities sector leading at a median increase of 4.54%[18] - The automotive sector had the largest median decline at -2.22%[18] Valuation Insights - The computer sector had the highest trailing twelve months (TTM) price-to-earnings (P/E) ratio at 141.58 times, followed by the communication sector at 129.85 times, while the construction and decoration sector had a relatively low P/E ratio of 28.08 times[18] New Listings and IPOs - During the week, there was one IPO on the BSE, with no new stocks listed[36] Risks - There is a noted risk of further pullback in BSE stock performance, particularly following the historical high of the BSE 50 Index on September 8, 2025[38]