北交所3月份定期报告：年报披露密集期将至，科技制造引领长期机遇

Core Insights - The report highlights that the Beijing Stock Exchange (BSE) is approaching a peak period for annual report disclosures, with technology manufacturing leading long-term opportunities [14] - It suggests focusing on three main investment themes: high-growth new productivity sectors and competitive niche leaders, innovation-driven domestic alternatives in semiconductor, military, AI, and satellite internet fields, and consumer-related companies benefiting from policies aimed at boosting domestic demand [14] Market Review and Valuation - As of March 28, 2025, the BSE 50 Index experienced a slight decline of 0.04% in February, with a maximum increase of 10.79% during the period. In 2025, the index has risen by 25.89%, with a peak increase of 39.52% [15] - The overall PE (TTM) for the BSE 50 Index is 61.95 times, with a median of 62.03 times, compared to 34.31 times for the ChiNext Index and 87.99 times for the Sci-Tech Innovation Board [21] - The trading volume for the BSE reached 741.697 billion yuan, with a total of 33.816 billion shares traded as of March 28, 2025 [22] New Stock Dynamics - In March 2025, one new stock was listed on the BSE, bringing the total number of listed companies to 265. During the period from March 1 to March 28, 2025, one company was subscribed and one was listed [29] Key Company Announcements - Seven companies updated their review status to "inquired," indicating ongoing regulatory processes, while three companies had their review status updated to "terminated" [30]