Market Performance - The North Exchange A-share index has 278 constituent stocks with an average market capitalization of 3.133 billion yuan[20] - The North Exchange 50 index fell by 1.42% to close at 1,506.91 points as of October 10, 2025, while the Shanghai and Shenzhen 300 index fell by 0.51%[20] - Daily trading volume for North Exchange A-shares reached 19.004 billion yuan, up 14.92% week-on-week, with a daily turnover rate of 4.06%[20] New Listings and Stock Highlights - Aomeisen (920080.BJ) debuted on October 10, 2025, with a first-day increase of 349.82% and a weekly turnover rate of 79.79%[23][25] - The company reported a revenue of 191 million yuan in the first half of 2025, with a gross margin of 45.04%[25] Investment Recommendations - The PE ratios for North Exchange A-shares, ChiNext, Shanghai Main Board, Shenzhen Main Board, and Sci-Tech Innovation Board are 50.40, 44.57, 12.40, 23.24, and 74.44 respectively, indicating significant valuation divergence[27] - It is recommended to prioritize stocks with a high margin of safety and strong earnings certainty, particularly those with technological barriers and policy support[27] Risks - Potential policy risks may affect investor sentiment and trading enthusiasm in the North Exchange[28] - Liquidity risks exist due to lower trading volumes compared to other boards, which could negatively impact the market[28] - International trade friction may adversely affect company operations and profitability[28]
北交所定期报告20251012：美国关税风波或再起，建议关注具备估值安全边际的优质个股
Soochow Securities·2025-10-12 10:51