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北交所周观察第二期：北证50指数将迎来年内第四轮调整，新股供给处于常态化进程中
Hua Yuan Zheng Quan·2024-11-24 06:51

Core Viewpoints - The Beijing Stock Exchange 50 Index (BSE 50) is undergoing its fourth adjustment in 2024, with five companies expected to be added and five potentially removed [1] - The BSE 50 Index has experienced a decline of over 3% for two consecutive weeks, with a high PETTM of 56X, indicating short-term volatility but long-term potential for stable growth [1] - The overall PE ratio of BSE A-shares remains at 43X, with daily turnover rebounding to 4.07 billion yuan [3] Market Performance - The BSE 50 Index closed at 1,295.78 points, down 3.61% for the week, while the CSI 300, STAR 50, and ChiNext indices also declined [45] - The average first-day increase for newly listed companies in 2024 reached 191%, with an average issuance PE of 15.4X [3] - The BSE A-share market saw a daily turnover of 4.07 billion yuan, with a daily turnover rate of 13.57%, higher than the STAR and ChiNext markets [44] New Listings and IPOs - Kelong New Materials, a key supplier of rubber and plastic materials for coal mining equipment, launched its IPO with a PE ratio of 14.45X and raised 242 million yuan [2][25] - Shengye Electric completed its IPO with 64,752 online subscribers and a strategic placement of 3.6 million shares, raising 32.83 million yuan [2][24] - From January 1, 2023, to November 22, 2024, 96 companies listed on the BSE, with an average first-day increase of 83.51% and a median of 38.97% [60] Index Adjustments - The BSE 50 Index will undergo its fourth adjustment in 2024, with the new components expected to include Yingtai Biotech, Qingju Technology, and others, while companies like Bangde and Huifeng Diamond may be removed [33][34] - The adjustment is based on the "BSE Index Calculation and Maintenance Rules," with the new components taking effect on December 16, 2024 [33] Industry and Company Insights - Kelong New Materials has established long-term partnerships with major coal and coal machinery companies and is expanding into military, high-speed rail, and wind power industries [25][28] - The company achieved a revenue of 442 million yuan in 2023, a 34% year-on-year increase, with a net profit of 83.37 million yuan, up 60% [28]