北交所日报-20250421

Market Performance - On April 21, 2025, the North Exchange 50 index increased by 2.63%, closing at 1363.85 points[3] - The overall trading volume on the North Exchange was 32.405 billion CNY, with a turnover rate of 6.30%[3] - The average daily trading volume for the previous week was 32.679 billion CNY, indicating stable trading levels[3] Industry Trends - Significant gains were observed in the defense industry (+7.5%), environmental protection (+3.9%), and petroleum and petrochemicals (+3.8%)[3] - The textile and apparel sector experienced the largest decline at -3.3%, followed by construction decoration (-2.7%) and food and beverage (-0.9%)[3] Stock Performance - Among the 265 listed companies, 204 saw an increase in stock price, while 57 experienced a decline[3] - Leading gainers included Xingtum Control (+16.52%) and Tongyi Aerospace (+16.49%), while Guangzi International saw the largest drop at -8.73%[3][9] Valuation Metrics - The overall valuation of the North Exchange is at a price-to-earnings (P/E) ratio of 45.69 times, higher than the ChiNext's 34.58 times[3] - The media sector has the highest average P/E ratio at 1790.9 times, while the defense industry has a relatively low P/E ratio[3][10] Risks - Potential risks include lower-than-expected policy support, insufficient technological innovation, intensified market competition, and market volatility[3][13]