Group 1 - Beijing Stock Exchange (BSE) welcomed its fourth listing of the year with Shandong Agricultural University Fertilizer Technology Co., Ltd. becoming the first A-share listed company from Shandong province in 2023 [1] - The opening price of Agricultural University Technology was 49.90 yuan, closing at 52.89 yuan, marking a significant increase of 111.56% with a turnover rate of 95.03% [2] - The first-day performance of new listings on BSE has been robust, with substantial trading enthusiasm continuing from the previous year, as evidenced by the record-breaking subscription funds for new shares [3] Group 2 - The number of listed companies on BSE reached 291, with a total market capitalization exceeding 9,468 billion yuan, nearing the 10 trillion yuan milestone [4] - The explosive growth of subscription funds for new shares on BSE reflects its four-year development, with average subscription funds increasing from 231 billion yuan in 2022 to 9,100 billion yuan in 2026, representing a nearly 40-fold increase [3] Group 3 - Zhejiang Hengdao Technology Co., Ltd. successfully passed the listing committee's review, with a focus on the authenticity and sustainability of its performance, particularly regarding accounts receivable [5][6] - Hengdao Technology's revenue from 2022 to the first half of 2025 was reported as 1.43 billion yuan, 1.68 billion yuan, 2.34 billion yuan, and 1.47 billion yuan, with net profits of 387.4 million yuan, 486.6 million yuan, 688.7 million yuan, and 403.1 million yuan respectively [6] - The company faces significant accounts receivable risks, with over 50% of its receivables being overdue from 2022 to 2024, raising concerns about the adequacy of its bad debt provisions [7] Group 4 - BSE is enhancing its role as a vital channel for financing small and medium-sized enterprises, focusing on the quality of listed companies and fostering long-term capital [8]
北交所再迎一日双响：农大科技敲钟，恒道科技过会