北交所月报：2月北交所交易活跃，半数以上企业盈利实现正增长

Market Performance - The North Exchange 50 Index increased by 23.53% in February, outperforming other indices such as the ChiNext Index (5.16%), Sci-Tech Innovation Board Index (11.96%), and CSI 300 Index (1.91%) [5] - The total trading volume on the North Exchange reached 567.06 billion yuan, with a daily average trading amount of 31.50 billion yuan, indicating a significant recovery in market activity compared to December 2024 and January 2025 [7] Company Earnings - Out of 212 companies that disclosed performance reports, 146 companies achieved revenue growth, accounting for nearly 70% [14] - Among the 212 companies, 197 reported profits, with 110 companies showing positive net profit growth, and 15 companies doubling their net profits [14] Valuation Insights - As of February 28, 2025, the median PE (TTM) ratio for the North Exchange was 42.46 times, higher than other boards: ChiNext (34.15 times), Sci-Tech Innovation Board (33.86 times), and Main Board (19.86 times), indicating a valuation premium [12] Sector Activity - Technology sectors, including communication and computing, saw significant stock price increases, with companies like Parallel Technology and Guangmai Technology leading the gains [10] - Active sectors included robotics and solid-state batteries, with stocks like Wanda Bearing and Springlight Cosmetics showing notable monthly increases [10] New Listings and Regulatory Updates - One new stock, Honghai Technology, was listed in February, while 15 companies updated their review status, with one receiving registration approval and two passing the review [23] Share Buybacks - Several companies, including Guozi Software and Kangbiter, announced share buyback plans to boost investor confidence, with Kangbiter adjusting its buyback price limit from 13 yuan to 25 yuan per share [18] Risk Factors - Systematic risks, macroeconomic changes, and liquidity decline risks are highlighted as potential concerns for investors [24]