Group 1 - The report highlights the release of significant technologies and products at the 2025 Yunqi Conference, emphasizing the focus on high-quality and scarce targets in the AI industry chain on the Beijing Stock Exchange [2][11] - As of September 26, 2025, there are 25 listed companies in the AI-related industry chain on the Beijing Stock Exchange, with a total market capitalization of 97.089 billion yuan, covering areas such as chips, computing center infrastructure, and computing services [17][18] - Parallel Technology (839493.BJ) is identified as a leading provider of supercomputing cloud services and computing operation services, achieving a revenue of 458 million yuan in the first half of 2025, a year-on-year increase of 69.27% [19][24] Group 2 - The report indicates that five major industries on the Beijing Stock Exchange experienced an average decline in stock prices, with the high-end equipment industry down by 6.35% and the information technology industry down by 6.17% [3][25] - The average price-to-earnings (P/E) ratio for the high-end equipment industry fell to 40.7X, while the information technology industry saw its P/E ratio drop to 93.5X [25][28] - The technology new industry, comprising 156 companies, saw a median P/E ratio decrease from 51.7X to 48.9X, with a total market capitalization decline from 524.131 billion yuan to 494.938 billion yuan [39][40] Group 3 - The report notes that HaiDar (836699.BJ), a precision rail manufacturer, achieved a revenue of 182 million yuan in the first half of 2025, with a net profit of 33.0587 million yuan, reflecting a year-on-year growth of 3.79% [21][22] - The report emphasizes the importance of the AI computing server market, with Parallel Technology planning to procure AI computing servers and related equipment, indicating ongoing investment in infrastructure [59]
北交所策略专题报告：开源证券云栖大会发布重磅技术及产品，关注北证AI产业链优质稀缺标的