北交所日报-20250826

Core Insights - The North Exchange 50 index experienced a decline of 0.76%, closing at 1591.90 points, with a trading volume of 12.94 billion shares and a total market capitalization of 915 billion yuan [3][4][5]. - The overall trading volume on the North Exchange was 32.245 billion yuan, which is a decrease compared to the average daily trading volume of 41.701 billion yuan from the previous week [3][4]. - The sectors that saw the largest gains included construction materials (+1.0%), beauty care (+1.0%), and electronics (+0.8%), while the sectors with the largest declines were environmental protection (-2.9%), non-ferrous metals (-2.5%), transportation (-2.2%), and defense industry (-1.7%) [3][4]. Company Performance - Among the 273 listed companies on the North Exchange, 78 companies saw an increase in stock price, while 192 companies experienced a decline. The top gainers included Tianrun Technology (+13.75%), Haosheng Electronics (+12.12%), and Rongyi Precision (+11.76%) [3][7]. - The companies with the largest declines included AVIC Taida (-11.63%), Wantong Hydraulic (-8.03%), and Luqiao Information (-7.90%) [3][9]. - The most actively traded stocks included Nengzhiguang (50.53% turnover rate), *ST Guandao (28.68%), and Tianrun Technology (27.34%) [3][7]. Valuation Insights - The overall valuation of the North Exchange is at a price-to-earnings (P/E) ratio of 55.28 times, which is higher than the P/E ratios of the Sci-Tech Innovation Board (68.47 times) and the ChiNext (42.36 times) [3][10]. - The electronics sector has the highest average P/E ratio at 231.2 times, followed by computer (161.3 times) and home appliances (144.4 times). The sectors with relatively lower P/E ratios include agriculture, media, and environmental protection [3][10].