12月5日，北交所个股合计成交量5.94亿股，成交额133.01亿元，成交额相对上一交易日增加4.87亿元， 个股来看，收盘上涨的共257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257只，占可交易个股的 90.18%，收盘涨幅居前的有科强股份、龙竹科技、华信永道，分别上涨13.73%、10.31%、10.03%。收 盘股价下跌的有25只，跌幅居前的有海希通讯、凯德石英、三协电机等，分别下跌1.78%、1.72%、 1.57%。 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11只，其中，5股换手率超20%，换 手率在5%~10%之间的有24只，换手率在1%~5%之间的有208只。全天换手率居前的股票有大鹏工业、 精创电气、三协电机等，换手率分别为28.17%、26.32%、24.94%。（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） | | --- | --- | --- | --- | --- | --- | | 920116 | 星图测控 | 82.46 | 0.19 | 21. ...

截至12月1日，北交所融资融券余额合计75.69亿元，较前一交易日增加4194.95万元，其中，融资余额 75.69亿元，较前一交易日增加4184.58万元，为连续3个交易日增加；融券余额为60.17万元，较前一交 易日增加10.36万元。 | 代码 | 简称 | 12月1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 | | 920640 | 富士达 | 3.84 | 8768.74 | 1857.51 | 1.47 | 通信 | | 920522 | 纳科诺 | -4.47 | 18602.66 | 1454.39 | 2.47 | 电力设 | | | 尔 | | | | | 备 | | 920116 | 星图测 控 | 8.22 | 8102.84 | 799.85 | 2.53 | 计算机 | | 920405 | 海希通 | 4.28 | 9624.42 | 720.66 | 3.23 | 机械设 | | | 讯 ...

Group 1 - The first computing power experimental satellite, "Chenguang No. 1," will be launched, with plans for a space computing center to be established in about five years [1][10][14] - The National Space Administration released a plan for the high-quality and safe development of commercial space from 2025 to 2027, aiming for significant growth in the commercial space industry [1][16] - There are currently 13 commercial space-related companies listed on the Beijing Stock Exchange, with a total market value of 55.193 billion yuan as of November 28, 2025 [1][17][19] Group 2 - The information technology sector saw an average increase of 1.41% this week, with the median P/E ratio dropping to 65.5X [2][26][29] - The automotive industry’s median P/E ratio increased to 32.3X, indicating a positive trend in valuations [3][56] - The biotechnology sector's median P/E ratio decreased to 28.9X, reflecting a mixed performance across industries [2][37] Group 3 - Star Map Control (920116.BJ) reported a revenue increase of 15.57% and a net profit increase of 25.28% for the first three quarters of 2025 [21][23] - Fujida (920640.BJ) achieved a revenue growth of 16.62% and a net profit growth of 55.38% in the same period, indicating strong performance in the RF connector market [22][25] - The overall market capitalization of the technology sector rose from 448.767 billion yuan to 452.243 billion yuan, with a median market cap increase from 2.147 billion yuan to 2.155 billion yuan [3][43][49]

中航富士达科技股份有限公司 投资者关系活动记录表 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。 证券代码：920640 证券简称：富士达 公告编号：2025-103 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 11 月 19 日 活动地点：全景网"投资者关系互动平台"（https://ir.p5w.net）。 参会单位及人员：通过网络方式参加公司 2025 年第三季度报告业绩说明会 的投资者。 上市公司接待人员：董事长武向文先生；董事、总经理付景超先生；副总经 理、董事会秘书、财务负责人朱克元先生。 问题 4：公司目前在研项目包括哪些？ 回复：公司当前在研项目主要聚焦于射频互连产品、线缆、先进陶瓷及射 频链路四大板块。射频互连产品（含连接器及电缆组件）研发方向聚焦于高频 高精度、高密度、极端环境适应性、小型化、大功率、低无源互调及多功能集 成等前沿领域；线缆方面，主要布 ...

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]

Investment Rating - The report does not explicitly state an investment rating for the industry, but it suggests a focus on "specialized and innovative small giants" with technological barriers in sectors like new materials, precision manufacturing, and high-end equipment [3][25]. Core Insights - The North Exchange A-share market saw a trading volume of 19.68 billion yuan on November 17, 2025, a decrease of 2.78 billion yuan from the previous trading day, with the North Exchange 50 Index closing at 1526.46, up 0.81% [1][8]. - The report highlights a divergence in individual stock performance, with notable gains in companies like Lingge Technology (+10.9%) and Fujida (+10.5%), while others like Taipeng Intelligent (-9.3%) and Kaiteng Gas (-6.7%) faced declines [3][16]. - The macroeconomic environment remains supportive, with the central bank injecting 500 billion yuan into the market through reverse repos, indicating a continued loose liquidity environment that benefits high-elasticity markets like the North Exchange [3][19]. Summary by Sections Market Review - On November 17, 2025, the North Exchange A-share trading volume was 19.68 billion yuan, down 2.78 billion yuan from the previous day, with the North Exchange 50 Index closing at 1526.46, reflecting a PE_TTM of 72.30 [1][8]. - Among 282 companies listed, 74 saw gains, 3 remained flat, and 205 experienced declines, indicating a mixed market performance [3][16]. Important News - Abu Dhabi has launched commercial operations for L4 level fully autonomous vehicles, marking a significant milestone in the MENA region, with participation from leading Chinese companies in the autonomous driving sector [2][19]. - The China Academy of Information and Communications Technology has made progress in establishing international standards for embodied intelligence, which will facilitate global technological interoperability [2][19]. Key Company Announcements - Vision Intelligence announced that its wholly-owned subsidiary received a patent for a home device networking method based on dynamic programming algorithms [20]. - Tianrun Technology also received a patent for an automated 3D reconstruction method for urban components using high-resolution remote sensing images [21].

证券代码：920640 证券简称：富士达 公告编号：2025-102 中航富士达科技股份有限公司 （二）会议召开地点 本次业绩说明会将采用网络方式召开，投资者可登录全景网"投资者关系 互动平台"（https://ir.p5w.net）参与本次业绩说明会。 三、 参加人员 公司董事长：武向文先生 公司董事、总经理：付景超先生 公司副总经理、董事会秘书、财务负责人：朱克元先生 2025 年第三季度报告业绩说明会预告公告 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。 一、 说明会类型 中航富士达科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 29 日在北京证券交易所信息披露平台（https://www.bse.cn/）披露了公司《2025 年 第三季度报告》（公告编号：2025-100），为方便广大投资者更全面、深入地了 解公司 2025 年第三季度经营业绩的具体情况，加强与投资者的互动交流，公 司拟召开 2025 年第三季度报告业绩说明会。 二、 说明会召开的时间、地点 （一）会议召开时 ...

Core Insights - In the past month (from October 8 to November 7), 50 companies listed on the Beijing Stock Exchange (BSE) were investigated by institutions, with Minshida being the most notable, attracting 115 participating institutions [1][2] - The average stock price of the companies that received institutional research increased by 4.41% over the month, with 28 stocks showing price increases [2][3] - The total average market capitalization of all BSE companies is 3.254 billion yuan, while the average market capitalization of the companies that were investigated is 4.148 billion yuan [2] Institutional Research Overview - 50 companies received institutional research, with 48 being investigated by brokerages, 44 by funds, 32 by private equity, 30 by insurance companies, and 7 by overseas institutions [1] - Minshida led the research interest with 115 institutions, followed by Guangxin Technology (84), Fujida (83), and Wanyuantong (63) [1] Market Performance - The companies that received institutional research saw an average increase of 4.41% in stock prices, with notable gainers including Litong Technology (up 86.16%), Jinhua New Materials (up 43.36%), and Lingge Technology (up 32.26%) [2] - The average daily turnover rate for the investigated companies was 5.10%, with Jinhua New Materials (28.11%), Lingge Technology (12.11%), and Tonghui Electronics (11.42%) leading in turnover rates [2] Company-Specific Data - Minshida: 115 institutions, 2 research sessions, latest closing price 41.80 yuan, price change 4.45% [2] - Guangxin Technology: 84 institutions, 1 research session, latest closing price 104.13 yuan, price change 12.12% [2] - Fujida: 83 institutions, 2 research sessions, latest closing price 34.90 yuan, price change 21.39% [2] - Wanyuantong: 63 institutions, 1 research session, latest closing price 34.29 yuan, price change -2.03% [2]

Market Overview - On November 7, the communication equipment sector declined by 0.41% compared to the previous trading day, with Fujida leading the decline [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - Notable gainers in the communication equipment sector included: - Tianfu Communication (300394) with a closing price of 175.00, up 12.67% [1] - Yizhi Service (002897) with a closing price of 52.60, up 10.00% [1] - Tongyu Communication (002792) with a closing price of 20.32, up 5.28% [1] - Conversely, significant decliners included: - Fujida (920640) with a closing price of 34.90, down 5.16% [3] - Guanghe Communication (300638) with a closing price of 25.82, down 4.16% [3] - Yongding Co. (600105) with a closing price of 14.31, down 4.09% [3] Capital Flow - The communication equipment sector experienced a net outflow of 1.048 billion yuan from institutional investors, while retail investors saw a net inflow of 911 million yuan [4] - Key stocks with significant capital flow included: - Tianfu Communication (300394) with a net inflow of 2.232 billion yuan from institutional investors [4] - Yizhi Service (002897) with a net inflow of 200 million yuan from institutional investors [4] ETF Information - The 500 Quality Growth ETF (product code: 560500) tracks the CSI 500 Quality Growth Index and has seen a recent five-day change of 0.50% [6] - The current price-to-earnings ratio is 17.79, with a recent net inflow of 283,000 yuan [6]

Group 1 - In the past month (from October 7 to November 6), 48 companies listed on the Beijing Stock Exchange (BSE) were investigated by institutions, with Minshida being the most notable, receiving attention from 115 institutions [2] - The types of institutions conducting the research included 46 brokerages, 43 funds, 30 insurance companies, 30 private equity firms, and 7 overseas institutions [2] - The companies that received the most institutional attention after Minshida were Guangxin Technology, Fujida, and Wanyuantong, with 84, 83, and 63 institutions participating in their investigations, respectively [2] Group 2 - The average stock price of the companies investigated by institutions increased by 5.34% over the past month, with 27 stocks rising, including Litong Technology, Lingge Technology, and Jinhua New Materials, which saw increases of 81.98%, 39.45%, and 30.98% respectively [3] - The average market capitalization of all companies on the BSE is 3.263 billion yuan, while the average market capitalization of the companies that were investigated is 4.052 billion yuan [3] - The companies with the highest market capitalization among those investigated include Tiangong Co., Guangxin Technology, and Tongli Co. [3] Group 3 - The most frequently investigated companies include Minshida, Fujida, and Yuanhang Precision, each receiving two rounds of institutional research [2] - The industries with the most companies investigated include machinery and equipment, automotive, and pharmaceutical biology, with 8, 7, and 5 companies respectively [2] - The detailed list of companies investigated includes Minshida, Guangxin Technology, Fujida, and others, along with their respective number of institutions involved, research frequency, latest closing prices, and percentage changes [4][5]