Report Industry Investment Rating Not provided in the content. Core Viewpoints of the Report - The North - China Stock Exchange (NSE) 50 index dropped 9.04% this week, with trading volume and turnover decreasing. Market sentiment is cautious, and industry structure has a significant impact on the NSE. The proportion of strong stocks in the NSE has fallen to 7.4%, and short - term rebounds are expected, but medium - term rebounds require policy and macro - environment support. [6][9][13] - It is recommended to focus on index - weighted component stocks and companies about to enter the NSE 50 index under the expectation of NSE 50 ETF, and also pay attention to the technology + cycle combination, such as Tongli Co., Ltd., BTR New Energy Materials Inc., etc. [13][14] Summary by Relevant Catalogs 1. Dapeng Industry Rose 12 - fold on the First Day, and the Proportion of Strong Stocks in the NSE Approached the Extreme Value - The NSE 50 dropped 9.04% this week, and trading volume decreased by 16.2%. The sharp adjustment of the Shanghai Composite Index and the decline of micro - cap stocks led to a large - scale adjustment of the NSE index. The lithium battery, chemical, and other sectors with strong previous performance had a large adjustment range. [9] - The industry structure has a great influence on the NSE. The lithium battery, automobile, and basic chemical industries have a high proportion in the NSE. The fluctuations in industry expectations and the decline of leading companies at home and abroad have led to the decline of specialized and sophisticated companies. The lithium battery + automobile sector accounts for about 30% of the NSE 50 weight, dragging down the NSE 50. [10] - The market sentiment index of the NSE has entered the freezing point again. Short - term rebounds are expected, but medium - term rebounds need policy and macro - environment support. Attention should be paid to value - type stocks with rapidly falling valuations. [13] 2. The 50 Index Declined, and the Turnover Decreased Month - on - Month - From November 17th to November 21st, 2025, the NSE 50 dropped 9.04%. The median PE of NSE companies was 40.72 times, a month - on - month decline. The weekly turnover was 89.573 billion yuan, a month - on - month decrease of 16.21%. As of Thursday, the margin trading balance was 7.76 billion yuan, a decrease of 128 million yuan from last week. [16] 3. New Stocks on the NSE - This week, two new stocks, Beikuang Testing and Dapeng Industry, were listed on the NSE. As of November 21, 2025, there were 284 listed companies on the NSE. Jingchuang Electric applied for listing, and Aide Technology, Tongling Technology, and Jingqiang Technology passed the review. Next week, 0 companies will be listed, 0 will apply for listing, and 3 companies (Yongda Chemical, Medela, and Haifeiman) will be on the review meeting. [3][28][35] - Beikuang Testing (920160.BJ) belongs to the social service industry, with a first - day increase of 295.52%. Dapeng Industry (920091.BJ) belongs to the machinery and equipment industry, with a first - day increase of 1211.11%. [28][31] 4. The Rise - to - Fall Ratio of Individual Stocks on the NSE was 0.04, and Haixi Communication and Meideng Technology Led the Gains 4.1 Individual Stock Price Changes - Among NSE stocks this week, 10 stocks rose, 271 fell, and 1 remained flat, with a rise - to - fall ratio of 0.04. The top five gainers (excluding new listings this week) were *ST Yunchuang, Haixi Communication, Meideng Technology, Chengdian Optoelectronics, and Dadi Electric. The top five losers were Luqiao Information, Taipeng Intelligent, Litong Technology, Anda Technology, and Lijia Technology. [37] 4.2 Top Five Weekly Turnovers - The top five stocks in terms of weekly turnover (excluding new listings this week) were Dana Biotech, Gaishi Food, Meideng Technology, Tianhong Lithium Battery, and Dier Chemical. [42] 4.3 Important Announcements - Many companies such as Zhisheng Information, Tianrun Technology, and Aweite made important announcements, including signing contracts, obtaining patents, and adjusting investment projects. [44][45] 5. This Week's Important News - The NSE issued the "Guidelines for Continuous Supervision of Listed Companies No. 14 - Continuous Supervision of Sponsoring Institutions" to standardize the continuous supervision of sponsoring institutions over listed companies. [46] 6. This Week's New Third - Board Situation - As of November 21, 2025, there were 6,058 listed companies on the New Third - Board. This week, 8 new companies were listed, and 9 were delisted. The planned new financing was 56 million yuan, and the completed financing was 372 million yuan. [47][49]
北交所策略周报（20251117-20251123）：大鹏工业首日上涨 12 倍，微盘股下挫北证强势股占比逼近极值-20251123