银河证券北交所日报-20260203

Market Performance - On February 3, 2026, the North Exchange 50 index rose by 3.27%, closing at 1,549.51 points[1] - The overall trading volume on the North Exchange was 21.55 billion CNY, with a turnover rate of 3.28%[1] - The North Exchange's total market capitalization reached 937.94 billion CNY, with a circulating market value of 583.40 billion CNY[1] Sector Performance - All sectors on the North Exchange experienced gains, with the top performers being Communication (+5.1%), Computer (+3.6%), and Oil & Petrochemicals (+3.5%)[1] - Among the 292 listed companies, 273 saw an increase in stock price, while 18 declined[1] Stock Highlights - The top gainer was *ST Yun Chuang, which surged by 30.00%, followed by Liancheng CNC (+18.18%) and Gebijia (+13.91%)[1] - The largest trading volumes were recorded by Liancheng CNC (1.634 billion CNY), Hengtong Light (999.5 million CNY), and Liujin Technology (964 million CNY)[1] Valuation Metrics - The overall valuation of the North Exchange stood at a price-to-earnings (P/E) ratio of 47.90 times, which is higher than the ChiNext's P/E of 45.85 times[1] - The highest average P/E ratios by sector on the North Exchange were in Non-ferrous Metals (138.1 times), followed by Communication (89.7 times) and Food & Beverage (87.9 times)[1] Risks - Potential risks include lower-than-expected policy support, insufficient technological innovation, intensified market competition, and market volatility[1][17]