北交所行业周报：本周北交所流动性收缩，世昌股份、志高机械上会通过-20250603

Investment Rating - The report maintains a positive outlook on the industry, suggesting a "Buy" rating for specific stocks and highlighting the overall investment value of the North Exchange market in 2025 [4][5][37]. Core Insights - The North Exchange 50 Index showed a significant increase of 2.82% as of May 30, 2025, closing at 1408.68 points, outperforming other indices such as the Shanghai and Shenzhen 300, which declined by 1.08% [10][21]. - The liquidity in the North Exchange has decreased, with an average daily trading volume of 254.40 billion, down 29.23% from the previous week [23]. - The report identifies key sectors with strong performance, including oil and petrochemicals, computers, communications, national defense, and pharmaceuticals, while sectors like beauty care and automotive showed declines [21][22]. Summary by Sections North Exchange Market Overview - As of May 30, 2025, there are 266 constituent stocks in the North Exchange A-share market, with an average market capitalization of 2.991 billion [10]. - The North Exchange 50 Index has shown a year-on-year increase of 79.99% [3]. Stock and Industry Performance - In the week from May 26 to May 30, 2025, 184 stocks rose, 80 fell, and 2 remained flat, indicating a rising proportion of 69.17% [16]. - The top five performing industries during this period were oil and petrochemicals (5.28%), computers (4.78%), communications (4.77%), national defense (4.36%), and pharmaceuticals (3.84%) [21]. New Stock Updates - No new stocks were listed this week, but two companies, Shichang Co. and Zhigao Machinery, passed the review for listing [26][27]. Key Companies and Earnings Forecast - The report highlights several companies with strong earnings potential: - Tongli Co. (EPS: 1.99 for 2025E, Buy rating) - Wuxin Tunnel Equipment (EPS: 1.64 for 2025E, Buy rating) - Kaide Quartz (EPS: 1.03 for 2025E, Hold rating) - Hualing Co. (EPS: 0.34 for 2025E, Hold rating) - Hengtai Open Source (EPS: 0.22 for 2025E, Hold rating) - Tianli Composite (EPS: 1.03 for 2025E, Buy rating) [5][29].