北交所周观察第九期：2024年北交所受理公司占全市场86%，新三板挂牌350家创五年新高

Core Viewpoints - The Beijing Stock Exchange (BSE) has become the main force for IPO acceptance in 2024, accounting for 86% of the total market IPO acceptances, with 66 companies accepted [2][8] - The profitability of BSE IPO companies has significantly improved, with 70%+ of companies having a net profit of over 50 million yuan in 2023, and 14 companies exceeding 100 million yuan [12][13] - The number of new listings on the New Third Board in 2024 reached 350, a five-year high, providing a strong pipeline for the BSE [18][19] Market Performance - The overall PE ratio of BSE A-shares remained at 33.5X, with a slight decline in both BSE and ChiNext indices, while the STAR Market PE ratio increased [25][26] - The average daily turnover of BSE A-shares rose to 14.5 billion yuan, with a daily turnover rate of 5.71%, showing improved liquidity [26][29] - The BSE 50 index rose by 0.60% during the week, while the ChiNext and CSI 300 indices declined, and the STAR 50 index increased [27][31] IPO and Listing Trends - In 2024, 77 companies were accepted for IPO, with 66 from the BSE, indicating a strong preference for BSE listings [8][9] - The New Third Board saw 350 new listings in 2024, with 43 companies reporting revenues exceeding 1 billion yuan and over 50% having net profits above 50 million yuan [18][21] - Two companies, Jieli Technology and Mingtai Co., Ltd., reported net profits exceeding 500 million yuan, highlighting the quality of new listings [21][22] Company Highlights - Jieli Technology, a leading IC design company, reported a net profit of over 600 million yuan in 2023, showcasing strong performance in the semiconductor sector [13][14] - Jintai Co., Ltd., a pioneer in aerospace-grade sponge titanium production, achieved a net profit of 130 million yuan in 2023, reflecting its niche market strength [13][14] - Among the 66 BSE-accepted companies, over 60% are national-level "Little Giant" enterprises, indicating a focus on specialized and innovative firms [13][14]