北交所市场点评：20250919：缩量下行，关注下周节前行情

Investment Rating - The report does not explicitly provide an investment rating for the industry [31]. Core Insights - The North Exchange A-share trading volume reached 25.93 billion yuan on September 19, a decrease of 5.94 billion yuan from the previous trading day, with the North Exchange 50 Index closing at 1578.00, down 0.83% [9][16]. - Among the 276 companies listed on the North Exchange, 64 saw an increase in stock prices, 7 remained flat, and 205 experienced declines. The top five gainers included Shichang Co. (271.6%), Hanwei Technology (11.8%), and Wuxin Tunnel Equipment (11.6%) [17][19]. - The report highlights a divergence in the technology manufacturing sector, with hard technology themes like lithography machines and storage chips maintaining interest, while previously leading concepts like robotics faced significant corrections [3][20]. Summary by Sections Market Review - On September 19, the North Exchange A-share trading volume was 25.93 billion yuan, down from the previous day, with the North Exchange 50 Index closing at 1578.00, reflecting a PE_TTM of 74.00 times [9][16]. - The North Exchange Specialized and New Index closed at 2748.53, down 0.91% [9]. Stock Performance - Out of 276 companies, 64 increased, 7 remained unchanged, and 205 decreased in stock price. The top gainers were Shichang Co. (271.6%), Hanwei Technology (11.8%), and Wuxin Tunnel Equipment (11.6%) [17][19]. - The top decliners included Sanwei Co. (-26.2%), Dezong Automotive (-12.6%), and Hongxi Technology (-8.0%) [17][19]. Important News - Huawei announced new developments in its Ascend AI and Kunpeng chip roadmap, with multiple listed companies participating in the ecosystem [20]. - Shanghai optimized its property tax policy to lower holding costs and stimulate consumption potential, including tax exemptions for first-time homebuyers [21]. Company Announcements - Haomiao Technology received a patent for a simulation explosion rescue training system, enhancing its innovation capabilities [22]. - Fangzheng Valve announced a cash dividend plan for its shareholders [23]. - Greenheng Technology plans to use idle fundraising for low-risk financial products [24].