北交所日报（2025.07.03）-20250703

Market Performance - On July 3, 2025, the North Exchange 50 index rose by 0.21% to close at 1442.17 points, with a trading volume of 10.53 billion shares and a total transaction value of 239.19 billion yuan[3] - The average daily transaction value for the North Exchange decreased from 340.49 billion yuan last week to 239.19 billion yuan on this day[3] Industry Trends - The leading sectors in terms of growth included light industry manufacturing (+2.8%), electronics (+1.3%), environmental protection (+1.1%), and pharmaceuticals (+1.0%)[3] - The sectors with the largest declines were transportation (-3.1%), non-ferrous metals (-3.1%), petroleum and petrochemicals (-2.8%), and textiles and apparel (-1.8%)[3] Stock Performance - Among the 268 listed companies, 144 saw an increase in stock price, while 120 experienced a decline[3] - The top gainers included Jiahua Technology (+15.49%), Guangxin Technology (+13.12%), and Huayang Racing (+7.80%) while the largest losers were Kelaite (-12.36%), Kunbo Precision (-9.31%), and Xinweiling (-6.09%)[3][10] Valuation Metrics - The overall valuation of the North Exchange was reported at a price-to-earnings (P/E) ratio of 51.61 times, which is higher than the P/E ratios of the Sci-Tech Innovation Board (52.68 times) and the Growth Enterprise Market (35.93 times)[3] - The electronics sector had the highest average P/E ratio at 208.0 times, followed by computers (144.6 times) and home appliances (121.8 times)[3][11] Risk Factors - Potential risks include lower-than-expected policy support, insufficient technological innovation, intensified market competition, and market volatility[3][14]