北交所研究行业周报：创远信科拟8.86亿元收购微宇天导，新一轮北证50成分调整下周生效-20251214

Investment Rating - The industry investment rating is "Recommended" [2] Core Insights - As of December 12, 2025, the North Exchange 50 Index increased by 2.79%, outperforming the Sci-Tech Innovation 50 Index, the ChiNext Index, and the CSI 300 Index by 1.08, 0.06, and 2.87 percentage points respectively. Over the past year, the North Exchange 50 Index has risen by 17.46%, outperforming the CSI 300 Index by 3.74%, but underperforming the Sci-Tech Innovation 50 Index and the ChiNext Index by 15.98 and 21.90 percentage points respectively [4][22] - The average daily trading volume of North A-shares reached 19.5 billion yuan this week, a 41% increase from the previous week, accounting for 1.00% of the total A-share trading volume. The average turnover rate of the North Exchange 50 this week was 2.62% [4][22] - Among the 19 industries in the North Exchange, 14 saw an increase, while 5 experienced a decline. The top three performing industries were Beauty and Personal Care, Nonferrous Metals, and Communications, with increases of 11.52%, 9.48%, and 3.29% respectively [4][22][32] Summary by Sections Market Performance - The North Exchange 50 Index has shown strong performance, with significant increases in both weekly and yearly metrics [4][22] - The liquidity in the North Exchange has improved, with a notable increase in trading volume and turnover rates [4][22] Company Updates - Chuangyuan Xinke plans to acquire 100% of Weiyu Tiandao for 886 million yuan, focusing on satellite navigation testing technology [6][10] - The acquisition is structured as a combination of cash and stock issuance, with performance commitments for the acquired company set for the years 2025 to 2027 [11] - Key companies such as Kaiyuan Technology, Wantong Hydraulic, and Gebijia will be added to the North Exchange 50 Index effective December 15, 2025 [12] Individual Stock Performance - The top three stocks in the North Exchange this week were Tianli Composite, Dapeng Industrial, and Chicheng Co., with weekly increases of 117.21%, 51.12%, and 40.74% respectively [27][28] - The North Exchange 50 constituent stocks also saw significant movements, with Tianli Composite, Jinbo Biological, and Su Axis Co. leading the gains [29]