北交所策略专题报告：北交所新股策略新篇：从“重数量”到“重质量”，预筛选优质资产成为关键

Group 1 - The report highlights that by the end of 2025, the Beijing Stock Exchange (BSE) accelerated its acceptance of new listings, with 40 new companies accepted in the last week of December. The average revenue of companies queued for listing in 2024 reached 796 million yuan, surpassing the average revenue of BSE companies at 675 million yuan. Additionally, 95 companies, accounting for 43.38%, reported revenues exceeding 700 million yuan [2][12][15] - The average net profit attributable to the parent company for queued companies in 2024 was 96.08 million yuan, significantly higher than the average of 39.20 million yuan for BSE companies. Furthermore, 196 companies, representing 89.50%, reported net profits exceeding 50 million yuan [15][19][33] - The report identifies a high concentration of companies in the industrial and materials sectors, with 67 and 50 companies respectively, accounting for 30.59% and 22.83% of the total. The average revenue for these sectors was 661 million yuan and 887 million yuan, with average net profits of 84.03 million yuan and 94.76 million yuan respectively [20][23][26] Group 2 - A comprehensive evaluation system was constructed based on five dimensions: industry prosperity, company competitiveness, financial health, market scarcity, and controllable risk. This system was used to select "high growth, high barrier, and high scarcity" companies from the BSE, resulting in the identification of 30 high-quality companies queued for listing [28][29] - Among the newly accepted 40 companies, 10 are projected to have net profits exceeding 100 million yuan in 2024, including companies like Mosentech, Su Xun New Materials, and Xianlin 3D [39][41] - The report emphasizes the importance of focusing on quality over quantity in new stock strategies, indicating a shift towards pre-selecting high-quality assets as a key strategy for investment [2]