北交所市场点评：承压回调，AI芯片、果链板块活跃

Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies [4]. Core Insights - The North Exchange market experienced a trading volume of 24.1 billion yuan on August 12, 2025, an increase of 0.88 billion yuan from the previous trading day, with the North Exchange 50 Index closing at 1449.63, down 0.62% [8][9]. - Among the 270 companies listed on the North Exchange, 64 saw an increase in stock price, 5 remained flat, and 201 experienced a decline [17]. - The report highlights that AI and robotics sectors are currently driven by policy catalysts, with significant interest in information technology services and automation equipment [3]. Market Review - The North Exchange 50 Index had a PE_TTM of 67.44 times, while the specialized and innovative index closed at 2505.46, down 0.45% [8]. - The top five gainers included Yun Chuang Data (10.3%), Guangdao Digital (10.2%), and Guo Hang Ocean (8.6%), while the top five losers included Benlang New Materials (-8.0%) and Hua Mi New Materials (-6.2%) [17][19]. Important News - The report mentions a new personal consumption loan subsidy policy effective from September 1, 2025, which offers a 1% annual subsidy for consumption amounts over 50,000 yuan [2]. - Huawei announced the release of its AI inference technology UCM, which is set to be open-sourced in September [21]. Company Announcements - Jianbang Technology reported a revenue of 375 million yuan for the first half of 2025, a year-on-year increase of 20.77%, with a net profit of 49.41 million yuan, up 27.18% [23]. - Haineng Technology achieved approximately 140 million yuan in revenue for the first half of 2025, reflecting a year-on-year growth of 34.87% [29].