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北交所市场点评：震荡反复，布局中线标的
Western Securities·2025-10-27 11:13

Investment Rating - The report indicates a mixed market sentiment with a focus on medium to long-term investment opportunities in the North Exchange, particularly in sectors supported by policies such as semiconductors, new energy, new materials, artificial intelligence, and quantum technology [3][4][5]. Core Insights - The North Exchange A-shares trading volume reached 17.6 billion yuan on October 24, 2025, an increase of 0.571 billion yuan from the previous trading day, with the North Exchange 50 Index closing at 1472.08, up 1.15% [1][8]. - Among the 279 companies listed on the North Exchange, 156 saw their stock prices rise, while 111 experienced declines, indicating a recovery phase in the market [3][17]. - The report highlights the ongoing adjustment phase in the North Exchange, influenced by the performance of technology manufacturing sectors, while cyclical stocks in coal and petrochemicals showed strength, leading to a diversion of funds [3][5]. Summary by Sections Market Review - On October 24, 2025, the North Exchange A-shares trading volume was 17.6 billion yuan, with the North Exchange 50 Index increasing by 1.15% and a PE_TTM of 69.04 [1][8]. - The North Exchange specialized index closed at 2533.99, reflecting a 1.32% increase [1][8]. Stock Performance - The top five gainers included Tongyi Aerospace (22.0%), Jiahua Technology (12.3%), Lingge Technology (5.7%), Naconoer (5.7%), and Tiangang Co. (5.6%) [3][17]. - The top five decliners were Chenguang Medical (-8.8%), Guangzi International (-6.2%), Luqiao Information (-5.7%), Zhongyu Technology (-4.9%), and Hengli Drill (-4.2%) [3][17]. Important Announcements - Hongyuan Co. reported a Q3 revenue of 706 million yuan, up 18.11% year-on-year, with a net profit of 26 million yuan, up 32.40% [3][22]. - Rongyi Precision announced a Q3 revenue of 310 million yuan, up 48.51%, but reported a net loss of 10 million yuan [3][23]. - Zhu Laoliu reported a Q3 revenue of 155 million yuan, down 9.37%, with a net profit of 16 million yuan, down 11.83% [3][24].