北交所周报：北证开市三周年，锚定创新中小企业主阵地

Core Insights - The North Exchange 50 Index experienced a weekly decline of 3.38%, with 93 out of 257 listed companies showing positive weekly growth, led by Juxing Technology (+560.80%) and Dadi Electric (+172.72%) [2][17] - The overall trading activity on the North Exchange remains high, with an average daily trading volume of approximately 35.93 billion yuan, down from 49.83 billion yuan the previous week [2][11] - The North Exchange aims to enhance support for technological innovation and promote coordinated development of investment and financing, with over 90% of listed companies being high-tech firms and a significant portion being private enterprises [2][3] Market Overview - The overall price-to-earnings (P/E) ratio for the North Exchange is around 43.2 times, which has decreased compared to the previous week, and it is now higher than that of the ChiNext board for the first time [3][34] - The North Exchange's trading volume and value have shown a fluctuating upward trend since 2022, with weekly trading totals stabilizing above 50 billion yuan since November 2023 [11][13] Investment Strategy - The North Exchange is recommended for investment due to its active trading environment and ongoing new stock issuance. Key investment directions for Q4 2024 include focusing on high-growth companies with strong R&D investment, state-owned enterprises with high return on equity, companies benefiting from capacity release and mergers, and those with high dividend yields [3][37] Company Announcements - Important announcements from North Exchange companies this week include external investments, credit applications, and stock incentive plans, with notable activities from companies like Kaida Catalyst and Runpu Food [3][38]