北交所行业周报：近期北证50指数呈震荡回调，下周奥美森上会-20250623

Investment Rating - The industry investment rating is positive, with a focus on long-term value despite short-term volatility [3][34]. Core Insights - The report highlights that the North Exchange 50 Index has shown a decline of 2.55% in the week ending June 20, 2025, closing at 1347.46 points, while the average market capitalization of the 267 A-share constituent stocks is 2.934 billion [9][19]. - The report emphasizes the importance of focusing on high-quality stocks with stable growth and reasonable valuations in the North Exchange, particularly in the context of ongoing testing of specialized indices that may attract long-term capital [3][19]. Summary by Sections North Exchange Market Overview - As of June 20, 2025, the North Exchange A-share market consists of 267 stocks with an average market capitalization of 2.934 billion. The North Exchange 50 Index experienced a decline of 2.55% during the week, while other indices like the Shanghai and Shenzhen 300 Index saw a smaller decline of 0.45% [9][19]. - The average daily trading volume for the North Exchange 50 was 28.833 billion, down 11.56% from the previous week, with a turnover rate of 3.27% [22]. Stock and Industry Performance - In the week from June 16 to June 20, 2025, 46 stocks rose, while 221 stocks fell, indicating a decrease in the proportion of rising stocks by 22.47 percentage points [14]. - The top five performing industries were Oil & Petrochemicals (25.26%), Utilities (8.85%), Transportation (5.04%), Beauty & Personal Care (1.93%), and Electronics (1.46%). Conversely, the bottom five industries included Textiles & Apparel (-13.12%), Nonferrous Metals (-9.03%), Agriculture, Forestry, Animal Husbandry & Fishery (-7.19%), National Defense & Military Industry (-6.89%), and Light Industry Manufacturing (-6.29%) [19][20]. New Stock Updates - No new stocks were listed during the week, but two companies (Nengzhiguang and Balanshi) passed the review for listing, while one company (Aomeisen) is scheduled for review next week [25][26]. Key Companies and Earnings Forecast - The report identifies several key companies with earnings forecasts: - Tongli Co., Ltd. (20.54) with an EPS forecast of 1.99 for 2025 and a PE ratio of 10.32, rated as "Buy" [4]. - Wuxin Tunnel Equipment (37.95) with an EPS forecast of 1.64 for 2025 and a PE ratio of 23.14, rated as "Buy" [4]. - Kaide Quartz (32.87) with an EPS forecast of 1.03 for 2025 and a PE ratio of 31.91, rated as "Hold" [4]. - Hualing Co., Ltd. (23.60) with an EPS forecast of 0.34 for 2025 and a PE ratio of 69.41, rated as "Hold" [4]. - Hengtai Open Source (15.17) with an EPS forecast of 0.22 for 2025 and a PE ratio of 68.95, rated as "Hold" [4]. - Tianli Composite (32.85) with an EPS forecast of 1.03 for 2025 and a PE ratio of 31.89, rated as "Buy" [4].