Summary of Key Points Core Viewpoint - On January 8, the total trading volume of individual stocks on the Beijing Stock Exchange reached 1.021 billion shares, with a total transaction value of 26.204 billion yuan, reflecting a decrease of 1.419 billion yuan compared to the previous trading day. A total of 198 stocks closed higher, indicating a positive market sentiment despite the overall decline in transaction value [1]. Trading Performance - The number of stocks that closed higher was 198, accounting for 69.23% of the tradable stocks. The top gainers included Tianrun Technology, Liancheng CNC, and Zhongcheng Technology, with increases of 22.29%, 18.52%, and 12.32%, respectively [1]. - Conversely, 81 stocks closed lower, with the largest declines seen in Jiaxian Co., Hengtong Light, and Jinhao Medical, which fell by 6.39%, 6.10%, and 4.56%, respectively [1]. Transaction Details - A total of 72 stocks had transaction values exceeding 100 million yuan, with Tianli Composite, Hengtong Light, and Binhang Technology leading the way at 1.207 billion yuan, 880 million yuan, and 647 million yuan, respectively [1]. - The trading activity was characterized by a high turnover rate, with 38 stocks having a turnover rate exceeding 10%. Among these, 6 stocks had turnover rates exceeding 20% [1]. Stock Activity - The stocks with the highest turnover rates included Dapeng Industrial, Tianrun Technology, and Beiyikang, with rates of 34.03%, 33.20%, and 27.17%, respectively [1]. - The overall trading environment showed a mix of strong performers and underperformers, reflecting varied investor sentiment across different sectors [1].

Core Viewpoint - The A-share market has seen significant gains in commercial aerospace stocks, with multiple companies reaching their daily limit up due to the upcoming launch of the "Vesta-1 Sea Launch" commercial rocket by Xinghe Power Aerospace [1][2]. Group 1: Stock Performance - Shaoyang Hydraulic (301079) reached a limit up of 20.01%, with a total market value of 5.403 billion and a year-to-date increase of 56.91% [2]. - Tianrun Technology (920564) increased by 18.50%, with a market cap of 2.449 billion and a year-to-date rise of 20.84% [2]. - Taisheng Wind Power (300129) rose by 13.81%, with a market value of 12.4 billion and a year-to-date increase of 26.86% [2]. - Heshun Electric (300141) saw a gain of 12.48%, with a market cap of 4.229 billion and a year-to-date rise of 30.47% [2]. - Tianli Composite (920576) increased by 10.87%, with a market value of 11.1 billion and a year-to-date increase of 44.44% [2]. - China First Heavy Industries (601106) rose by 10.07%, with a market cap of 33.7 billion and a year-to-date increase of 23.31% [2]. - Other notable stocks include Juyi Rigging (002342) at 10.03%, Shengyang Technology (603703) at 10.03%, and Zhongheng Design (603017) at 10.01% [2]. Group 2: Market Trends - The commercial aerospace sector is experiencing a bullish trend, as indicated by the MACD golden cross signal formation, suggesting a strong upward momentum in these stocks [1][2].

Core Insights - The North Exchange 50 index increased by 1.82% to close at 1,493.04 points on January 6, 2026, with a trading volume of 259.89 billion yuan and a turnover rate of 3.97% [3][4][6] - The overall valuation of the North Exchange is at 47.74 times earnings, which is higher than the valuations of the ChiNext and STAR Market [3][10] - The sectors that performed well include non-ferrous metals (+11.1%), home appliances (+4.5%), computers (+4.4%), and machinery (+3.0%), while the pharmaceutical sector saw a decline of 0.5% [3][4] Trading Performance - On January 6, 2026, the North Exchange had a total market capitalization of 903.76 billion yuan, with 396.77 billion shares listed, of which 253.49 billion shares were tradable [3][4] - The average daily trading volume for the previous week was 194.04 billion yuan, indicating a recovery in trading levels on January 6 [3][4] Stock Performance - Among the 287 listed companies, 264 saw an increase in stock prices, while 21 experienced declines. Notable gainers included Hanxin Technology (+29.99%) and Tianli Composite (+29.99%), while Jin Hao Medical saw a significant drop of 14.57% [3][8][9] - The top ten stocks by market performance on January 6 included Hanxin Technology, Tianli Composite, and Beiyikang, with respective market capitalizations of 30.35 billion yuan, 95.63 billion yuan, and 39.80 billion yuan [8][9] Valuation Analysis - The average price-to-earnings (P/E) ratio for companies on the North Exchange is 47.74 times, with the highest sector being non-ferrous metals at 126.1 times, followed by home appliances at 92.8 times and food and beverage at 81.7 times [3][10] - The valuation of the North Exchange continues to be higher than that of the ChiNext, which has a P/E ratio of 44.85 times [3][10] Sector Performance - The non-ferrous metals sector showed the highest increase in stock prices, reflecting strong market interest and potential growth opportunities [3][4] - The pharmaceutical sector, in contrast, faced challenges, as indicated by the decline in stock prices, suggesting potential issues within the industry [3][4][9]

Core Viewpoint - Tianli Composite (920576) experienced a trading halt today, with a daily price increase of 29.99% and a trading volume of 1.107 billion yuan, indicating significant market interest and volatility [2] Trading Activity - The stock had a turnover rate of 13.45% and a price fluctuation of 33.86% throughout the day [2] - The net buying amount from brokerage seats reached 50.32 million yuan, with the top five brokerage seats accounting for a total transaction of 306 million yuan [2] Brokerage Details - The largest buying brokerage was China Merchants Securities Co., Ltd. Fuzhou Qunzhong East Road Securities Brokerage, with a buying amount of 40.38 million yuan [2] - The largest selling brokerage was Huafu Securities Co., Ltd. Shanghai Puming Road Securities Brokerage, with a selling amount of 45.60 million yuan [2] Historical Performance - Over the past six months, the stock has appeared on the龙虎榜 (Dragon and Tiger List) five times, with an average price increase of 13.57% the day after being listed and an average increase of 31.55% over the following five days [2]

证券之星消息，1月6日金属新材料板块较上一交易日上涨1.04%，天力复合领涨。当日上证指数报收于 4083.67，上涨1.5%。深证成指报收于14022.55，上涨1.4%。金属新材料板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 920576 | 天力复合 | 87.77 | 29.99% | 14.41万 | | 11.07亿 | | 300855 | 图南股份 | 33.90 | 4.99% | 12.64万 | | 4.19 Z | | 603124 | 江南新材 | 86.73 | 4.02% | 3.34万 | | 2.89亿 | | 920751 | 惠同新材 | 21.99 | 3.63% | 1.86万 | | 4022.92万 | | 600255 | 整科材料 | 4.00 | 2.83% | 105.76万 | | 4.20亿 | | 603072 | 天和磁材 | 42.37 | 2.42% | 4.89万 | | 2.07亿 | ...

Core Viewpoint - The A-share market experienced a significant surge, with the Shanghai Composite Index closing at its highest point, marking a record of 13 consecutive days of gains [3][5]. Market Performance - On January 6, the Shanghai Composite Index rose by 1.5%, the Shenzhen Component Index increased by 1.4%, and the ChiNext Index gained 0.75% [3]. - The total market turnover exceeded 2.8 trillion yuan, an increase of over 260 billion yuan compared to the previous trading day, with more than 4,000 stocks rising [3][4]. Stock Highlights - The brain-computer interface concept stocks continued to rise, with companies like Sanbo Brain Science and Innovation Medical reaching their daily limit [4]. - Financial stocks, including Huashan Securities and Hualin Securities, also saw significant gains, with both stocks hitting their daily limit [6]. - The non-ferrous metal sector strengthened, with companies like Luoyang Molybdenum and Zijin Mining reaching historical highs [7]. Sector Trends - The commercial aerospace sector remained active, with Beidou Star and China Satellite Communication achieving multiple daily limit increases [8]. - The autonomous driving sector saw a batch of stocks hitting their daily limit, driven by Nvidia's announcement of new AI models and tools aimed at accelerating the development of autonomous vehicles [9][10]. Nvidia's Developments - Nvidia introduced the Alpamayo vehicle platform at CES, which allows cars to perform reasoning in real-world scenarios, enhancing autonomous driving capabilities [11][12]. - The first vehicles equipped with Nvidia technology are expected to hit the roads in the US in the first quarter, followed by Europe in the second quarter and Asia later in the year [12][13].

12月31日，北交所个股合计成交量7.63亿股，成交额207.39亿元，成交额相对上一交易日减少20.03亿 元，个股来看，收盘上涨的共114只。 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114只，占可交易个股的 39.72%，收盘涨停的有天铭科技等，收盘涨幅居前的有蘅东光、立方控股、雷神科技，分别上涨 878.16%、24.94%、10.23%。收盘股价下跌的有168只，跌幅居前的有广道退、大鹏工业、丰光精密 等，分别下跌21.82%、12.57%、10.52%。 今日上市的蘅东光(蘅东光)上涨878.16%，全天换手率53.79%，成交额364755.54万元。 成交方面，全天成交额超亿元的股票共有48只，成交额居前的北交所股票有蘅东光、天力复合、星图测 控等，成交额分别为36.48亿元、5.57亿元、5.15亿元。 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21只，其中，7股换手率超20%，换 手率在5%~10%之间的有40只，换手率在1%~5%之间的有181只。全天换手率居前的股票有广道退、蘅 东光、大鹏工业等，换手率分别为60.23%、53.79%、39. ...

Core Insights - The report indicates that the North Exchange 50 index experienced a slight decline of -0.40%, closing at 1,450.64 points on December 30, 2025, with a trading volume of 190.85 billion yuan and a turnover rate of 3.18% [2][3]. Market Performance - The North Exchange's overall market capitalization is 851.06 billion yuan, with a circulating market value of 521.85 billion yuan. The total number of listed shares is 39.676 billion, with 25.354 billion shares available for circulation [2]. - The North Exchange's daily trading volume decreased compared to the previous week, where the average daily trading volume was 199.76 billion yuan [2]. Industry Analysis - Among the industries, the automotive sector showed the highest increase at +3.1%, followed by environmental protection at +1.0% and electronics at +0.9%. Conversely, the largest declines were seen in non-ferrous metals at -5.7%, defense and military at -3.9%, and beauty and personal care at -2.8% [2][3]. - The report highlights that 287 companies listed on the North Exchange had mixed performance, with 106 companies rising, 6 remaining flat, and 175 declining [2]. Stock Performance - The top-performing stocks included Tianming Technology (+30.00%), Fengguang Precision (+17.58%), and Chunguang Intelligent (+10.95%). In contrast, the largest declines were seen in Guangdao Tui (-29.49%), Tianli Composite (-11.71%), and Hongyu Packaging (-8.32%) [7][8]. - The report notes that the average price-to-earnings (P/E) ratio for the North Exchange is 45.43 times, which is higher than the P/E ratios of the Sci-Tech Innovation Board (71.40 times) and the Growth Enterprise Market (43.56 times) [2][9]. Valuation Insights - The highest average P/E ratio among industries on the North Exchange is in non-ferrous metals at 108.1 times, followed by food and beverage at 80.0 times and telecommunications at 76.2 times [2][9]. - The report indicates a continuous high valuation for the North Exchange compared to other boards, suggesting a potential area for investment consideration [2][10].

证券代码：920576 证券简称：天力复合 公告编号：2025-109 | 本次变动是否与已作出的承诺或已披露的 | 是□ | 否☑ | | --- | --- | --- | | 计划、承诺存在差异 | | | | 本次变动是否存在违法《证券法》《上市公 | | | | 司收购管理办法》等法律法规和证监会、北 | 是□ | 否☑ | | 交所业务规则等规定的情况 | | | 五、所涉后续事项说明 （一）本次权益变动不涉及公司控股股东及实际控制人发生变化，不会对公 司生产经营产生不利影响； 西安天力金属复合材料股份有限公司 持股 5%以上股东权益变动达到 1%的提示性公告 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。 西安天力金属复合材料股份有限公司（以下简称"公司"）于 2025 年 12 月 29 日收到股东陕西航空产业资产管理有限公司（以下简称"陕航资管"）出具的 《关于股份减持进展情况的告知函》，陕航资管于 2025 年 12 月 26 日至 2025 年 12 月 29 日通过集中竞价累计减 ...

截至12月26日，北交所融资融券余额合计79.79亿元，较前一交易日增加2788.90万元，其中，融资余额 79.79亿元，较前一交易日增加2791.38万元，融券余额为25.02万元，较前一交易日减少2.48万元。 | 920571 | 国航远 | -0.69 | 5087.27 | 166.37 | 1.80 | 交通运 | | --- | --- | --- | --- | --- | --- | --- | | | 洋 | | | | | 输 | | 920665 | 科强股 | -2.31 | 1443.47 | 164.82 | 1.52 | 基础化 | | | 份 | | | | | 工 | | 920719 | 宁新新 | 0.00 | 1027.46 | 163.70 | 1.08 | 基础化 | | | 材 | | | | | 工 | | 920068 | 天工股 | -4.79 | 3747.19 | 157.51 | 2.98 | 有色金 | | | 份 | | | | | 属 | | 920418 | 苏轴股 | | | | | 汽车 | | | 份 | -1.72 | 8246.2 ...