北交所周报：新股发行稳步推进，三季报盈利面超八成

Market Performance - The North Exchange 50 Index experienced a weekly decline of 9.08%, with 120 out of 256 listed companies showing positive weekly growth[1] - New stocks led the gains, with Keli Co., Ltd. (+255.33%) and Kobal Co., Ltd. (+205.63%) being the top performers, while Hengtou Kaiyuan saw the largest drop at -29.14%[1] Trading Activity - The average daily trading volume for the North Exchange was approximately CNY 451.68 billion, showing little change from the previous week[1] - The total trading volume for the week was CNY 2,258.40 billion, with a turnover rate of 80.87%, significantly higher than other boards[1][6] Financial Performance - Over 83.59% of companies reported profits in the third quarter, with total revenue reaching CNY 1,221.84 billion and net profit of CNY 78.79 billion[1] - The North Exchange 50 Index companies accounted for 37.24% of total revenue and 42.56% of net profit among all listed companies[1] Valuation Metrics - The overall price-to-earnings (P/E) ratio for the North Exchange is approximately 35.6 times, remaining stable compared to the previous week[2] - The media industry has the highest average P/E ratio at 1834.3 times, while the electronics and defense sectors have relatively lower ratios[2][22] Investment Strategy - The North Exchange is considered to have investment value due to its active trading and steady new stock issuance[2] - Recommended investment directions include focusing on high-growth companies, state-owned enterprises with strong returns, and firms enhancing shareholder returns through dividends[2]