科创板周报：“科创板八条”推动并购交易显著升温

Core Insights - The STAR Market index rose by 2.82% last week, with an average daily trading volume of approximately 151.50 billion yuan, up from 115.14 billion yuan the previous week [1][6][7] - The total number of listed companies on the STAR Market reached 576, with a total market capitalization of 720.42 billion yuan as of October 25, 2024 [1][6] - The overall PE (TTM) ratio for the STAR Market is 45.04, which is higher than that of the NASDAQ index [1][19] Market Review - The STAR Market saw significant trading activity, with a total trading volume of 757.51 billion yuan and a trading volume of 21.98 billion shares last week [6][7] - The average turnover rate for the STAR Market was 18.85%, lower than that of the Beijing Stock Exchange and the ChiNext [7][8] - The power equipment sector experienced the highest weekly increase at +14.98%, while the transportation equipment sector had the largest decline at -3.20% [1][6][10] Industry Performance - More than half of the companies that released their Q3 reports on the STAR Market achieved year-on-year growth in net profit attributable to shareholders [1][19] - The electronics and biopharmaceutical sectors showed particularly strong performance, with 53 and 35 companies respectively reporting growth [1][19] - The average PE ratio for the electronics sector is the highest among all sectors at 98.83, while the agriculture, forestry, animal husbandry, and fishery sector has the lowest at 14.17 [1][19] M&A Activity - The introduction of the "STAR Market Eight Measures" has significantly boosted M&A activity, with nearly 40 new M&A transactions disclosed, more than double the number from the same period last year [1][19] - The measures aim to optimize financing mechanisms for STAR Market companies, particularly in supporting M&A and restructuring efforts [1][19] Fund and Index Performance - STAR Market-related index funds outperformed thematic funds last week, with the STAR 50 index rising by 1.28% and the STAR 100 index by 1.48% [1][19] - The Penghua Shanghai STAR Market New Energy ETF had the highest increase among index funds at +15.73% [1][19]