北交所周报：北证50创历史新高，关注并购重组市场机会

Core Insights - The North Exchange (北交所) showed strong performance during the week of October 21-25, with the North Index 50 (北证 50) rising by 16.6% from the opening on October 21, reaching a new high of 1389 points on October 25 [2][3] - Out of 254 stocks listed on the North Exchange, 232 stocks increased in value, while only 21 stocks declined, indicating a robust upward trend in the market [2][16] - The total market capitalization of the North Exchange reached 569.47 billion yuan, with an average market capitalization of 2.242 billion yuan per company [3][10] Market Overview - The North Exchange's weekly trading volume was 234.52 billion yuan, with an average weekly trading amount of 9.23 billion yuan and a turnover rate of 87.73%, reflecting increased liquidity compared to the previous week [3][10] - The North Exchange's price-to-earnings (PE) ratio (TTM, median) was 31.6 times, which is an increase of 4.5 times from the previous week [3][10] New Listings and Upcoming Events - No new stocks were listed on the North Exchange during the week, but two companies, Keli Co. (科力股份) and Juxing Technology (聚星科技), are set to update their listing dynamics next week [4][13] - Keli Co. operates in the oil and petrochemical sector, with a projected revenue of 360 million yuan and a net profit of 5.21 million yuan for 2023, while Juxing Technology focuses on electric contact products with a projected revenue of 600 million yuan and a net profit of 7.68 million yuan [13][15] Company Announcements - As of October 25, 38 companies on the North Exchange have disclosed their third-quarter reports, with a median revenue growth of 8.6% and a median net profit growth of 7.5% [26][27] - Notable companies include Jianbo Technology (锦波生物), which reported a revenue increase of 91.16% year-on-year, and Changhong Energy (长虹能源), which saw a revenue growth of 39.11% [26][27] Sector Performance - The media sector performed well, with a median sector increase of 65.6%, while the social services sector lagged with a median increase of only 0.7% [20][21] - The median PE ratio for the media sector was 164.9 times, reflecting a significant increase, while the defense and military sector had a median PE ratio of -276.7 times, indicating a decrease [20][21] Fund Performance - The North Exchange's thematic funds performed strongly, with the Wanji North Exchange Smart Selection Fund A showing a growth of approximately 12.5%, significantly outperforming the overall fund performance [22][24] - The North Index Fund products also performed well, with the Chuangjin Enhancing North Index 50 Fund showing a growth of about 3.7% [22][24]