“公募+两融”发力 北交所三季报现新动向

Group 1 - The core viewpoint of the articles highlights the increasing interest of public funds in companies listed on the Beijing Stock Exchange (BSE), as evidenced by the presence of new public fund shareholders in the top ten circulating shareholders of several companies in their Q3 2025 reports [1][2][3] - As of October 23, 2025, 10 companies listed on the BSE have released their Q3 reports, with 9 of them reporting positive net profits, indicating a recovery in performance [2][3] - The average operating revenue of BSE-listed companies reached 92.064 billion yuan in the first half of 2025, showing a year-on-year growth of 6.01%, while the average net profit was 2.156 million yuan, reflecting a reduced decline of 10.59% [2][3] Group 2 - The number of brokerage credit trading guarantee accounts appearing in the top ten circulating shareholders of BSE companies has significantly increased, indicating a growing enthusiasm among investors for margin trading [4][5] - The introduction of margin trading on the BSE, supported by regulatory guidelines established in 2022, has facilitated the participation of investors in margin trading for BSE stocks [5] - Specific examples include companies like Changhong Energy and Minshida, which have seen brokerage credit trading guarantee accounts enter their top ten circulating shareholders, highlighting the active engagement of leveraged funds [5]