北交所科技成长产业跟踪第五期：上海市出台行动方案促进科学仪器和科研试剂发展，关注北交所科学仪器企业

Group 1 - The Shanghai Municipal Science and Technology Commission issued an action plan to promote the innovation and development of scientific instruments and research reagents from 2025 to 2027, focusing on strengthening key core technology breakthroughs and cultivating leading enterprises in the industry [15][16][20]. - The scientific instruments industry is in its early growth stage, with significant potential for domestic substitution due to the current reliance on imports, which accounted for approximately 70.6% from 2016 to 2019 [28][41]. - The market size of the scientific instruments industry in China reached 354.91 billion yuan in 2023, with R&D expenditure amounting to 332.78 billion yuan [40][41]. Group 2 - The overall valuation of the five major technology growth industries on the Beijing Stock Exchange has declined, with the electronic equipment industry’s PE TTM median dropping from 50.5X to 44.3X [56][57]. - The median market capitalization of the electronic equipment industry decreased from 23.66 billion yuan to 21.39 billion yuan, indicating a contraction in market value [57]. - The automotive industry’s PE TTM median fell from 27.0X to 24.8X, with a corresponding decrease in market capitalization from 19.09 billion yuan to 17.72 billion yuan [56]. Group 3 - Yisheng Precision signed a strategic cooperation framework agreement with Zhejiang Konghui Automotive Technology Co., Ltd. regarding components for automotive air suspension [4][13]. - The report highlights the performance of specific companies within the scientific instruments sector, including Aweit (precision mechanical components), Zhongke Meiling (low-temperature refrigeration equipment), and New芝生物 (ultrasonic equipment and related scientific instruments) [48]. - The report identifies three major trends in the scientific instruments industry: accelerated industry clearing, breakthroughs in key technologies leading to polarization in mid-to-high-end instruments, and the increasing importance of artificial intelligence in enhancing product capabilities [41][43].