新股申购热情高涨发行节奏提速，北交所新股呈现供需两旺态势

Group 1 - The IPO market of the Beijing Stock Exchange (BSE) has shown significant activity, with a notable increase in the number of new companies applying for listing, reaching 97 in June alone, including many high-quality firms with net profits exceeding 50 million yuan [1][5] - The enthusiasm for new stock subscriptions continues to rise, with the "unbeaten myth" of A-share market subscription strategies lasting for 15 months, indicating strong investor confidence in the BSE [1][2] - The subscription for Suzhou Dingjia Precision Technology Co., Ltd. saw 80,300 accounts participating, with a subscription multiple of 2965.66 times and a total frozen capital of approximately 628.84 billion yuan, marking a breakthrough of 600 billion yuan [2][3] Group 2 - The pace of new stock issuance on the BSE has accelerated since June, with two new stocks listed in June alone, compared to only six in the first half of 2025 [3][4] - The current review process for companies applying to list is approximately one company per week, which could lead to around 50 new listings annually if maintained, or 100 if the pace is doubled [3][4] - The quality of companies applying for listing has improved, with 44 out of 133 new applicants being recognized as "specialized and innovative" enterprises, accounting for 33.08% [5][6] Group 3 - The new companies accepted for listing are primarily engaged in key sectors such as semiconductors, biomedicine, and artificial intelligence, aligning with national strategic priorities [5][6] - The average revenue of new applicants in 2024 is expected to be between 200 million and 1 billion yuan, with a significant portion of companies falling within this range [5][6] - The average operating income of companies in the new third board's innovation layer has reached 569 million yuan, with a notable increase in profitability and R&D investment [6]