北交所市场点评：缩量整固显韧性，新质生产力主题引领结构性机会

Investment Rating - The report indicates a "structural opportunity" in the industry, particularly focusing on themes like new productivity and artificial intelligence, suggesting a positive outlook for specific sectors [5]. Core Insights - The market is currently in a state of "volume consolidation + structural activity," with a focus on policy-driven themes and specialized small giants [5]. - The North Exchange's trading volume decreased significantly, reflecting a cautious sentiment among investors, but the concentration of trading in popular themes has increased [5]. - The report highlights the importance of monitoring companies with technological barriers and those with performance exceeding expectations [5]. Summary by Sections Market Review - On August 28, the North Exchange A-share trading volume reached 30.53 billion yuan, a decrease of 2.34 billion yuan from the previous trading day, with the North 50 Index closing at 1554.43, up 0.26% [10][15]. - Among 274 companies listed, 151 saw an increase in stock prices, while 114 experienced declines [17]. Key Company Announcements - Huawai Design reported a revenue of 34 million yuan for the first half of 2025, a year-on-year increase of 7.64%, but a net profit decline of 59.56% [22]. - Kete Co. achieved a revenue of 36 million yuan, up 1.47%, with a net loss of 20 million yuan, an increase of 25.9% year-on-year [23]. - Kait Co. reported a revenue of 503 million yuan, a 44.86% increase, and a net profit of 85 million yuan, up 39.96% [24]. - Other companies like Sanyou Technology and Jiyang Precision also reported varying revenue and profit changes, indicating mixed performance across the sector [25][26]. Important News - A significant breakthrough was achieved in brain-machine interface technology, marking a milestone in clinical applications for precise tumor boundary localization [20]. - Starlink, under Elon Musk, announced that its global user base has surpassed 7 million, expanding its services to over 150 countries [21].