北交所上市公司一季报披露完毕，天工股份上市在即

Market Performance - The North Exchange (北交所) had a strong overall performance, with a closing market value of 778.17 billion yuan on May 9, 2025, and 226 out of 265 stocks rising during the period[5][17] - The North Exchange 50 Index increased by 6.1% from April 28 to May 9, outperforming the ChiNext Index by approximately 2.8 percentage points and the CSI 300 Index by about 4.5 percentage points[5][17] Trading Data - The total market capitalization of the North Exchange is 778.17 billion yuan, with an average market capitalization of 2.936 billion yuan per company[3][12] - The trading volume for the North Exchange during the period was 313.73 billion yuan, with an average trading amount of 71.3 million yuan per stock and a turnover rate of 51.2%[12][13] Stock Performance - Among the 265 stocks, 226 stocks increased, while 39 stocks decreased, with the top gainers being Qifeng Precision (七丰精工) at 81.8% and Springlight Intelligent (春光智能) at 65.0%[19][23] - The average price-to-earnings (PE) ratio for the North Exchange stocks is 50.3 times, indicating a historically high valuation level[12][13] Upcoming IPOs - Tian Gong Co., Ltd. (天工股份) is set to list next week, with projected revenues of 800 million yuan and a net profit of 174.5 million yuan for 2024, at an issue price of 3.94 yuan per share and a post-issue PE ratio of 15.0 times[29][30] Risk Factors - The report highlights potential risks including policy risks, liquidity risks, and the risk of corporate earnings not meeting expectations[5]