北交所日报-20250512

Market Performance - On May 12, 2025, the North Exchange 50 index increased by 2.89%, closing at 1419.13 points[3] - The overall trading volume on the North Exchange reached 32.592 billion CNY, with a turnover rate of 6.26%[3] - The average daily trading volume for the previous week was 31.119 billion CNY, indicating an increase in trading activity[3] Industry Trends - Major industries on the North Exchange saw gains, with transportation (+11.3%), social services (+7.2%), and defense industry (+7.2%) leading the way[3] - Only the textile and apparel industry experienced a slight decline of -0.1%[3] Stock Performance - Among the 265 listed companies, 243 saw their stock prices rise, while 22 declined[3] - Leading gainers included Qifeng Precision (+29.97%) and Lechuang Technology (+22.28%) with significant trading volumes[3][9] - The most active stocks by turnover included Lingge Technology (625 million CNY) and Chuangyuan Xinke (611 million CNY)[3] Valuation Metrics - The overall valuation of the North Exchange is at a price-to-earnings (P/E) ratio of 50.27 times, higher than the ChiNext's 34.24 times[3] - The electronics sector has the highest average P/E ratio at 238.6 times, while transportation and media sectors have lower valuations[3][12] Risk Factors - Potential risks include lower-than-expected policy support, insufficient technological innovation, intensified market competition, and market volatility[3][15]