北交所定期报告20260321：市场波动加剧，聚焦低估值优质个股

Market Performance - As of March 20, 2026, the North Exchange 50 Index fell by 5.76% compared to the previous week, while the Shanghai and Shenzhen 300 Index decreased by 2.19%[18] - The average market capitalization of North Exchange A-share component stocks is 2.799 billion yuan, with a daily average trading volume of approximately 15.907 billion yuan, down 19.37% from the previous week[18] - The turnover rate for North Exchange A-shares is 3.97%, a decrease of 0.2 percentage points from the previous week, indicating better liquidity compared to other major markets[18] Investment Recommendations - The price-to-earnings (PE) ratios for North Exchange A-shares, ChiNext, Shanghai Main Board, Shenzhen Main Board, and Sci-Tech Innovation Board are 51.51, 71.44, 13.87, 41.19, and 216.33 respectively as of March 20, 2026[28] - Investors are advised to focus on stocks with better-than-expected performance and those with significant technological barriers and alignment with industrial policies in innovative growth sectors[28] Economic Insights - The National Bureau of Statistics reported a 14.2% year-on-year increase in the value added of the computer, communication, and other electronic equipment manufacturing industries for January and February 2026[10] - The Ministry of Industry and Information Technology aims for the number of fuel cell vehicles in China to reach 100,000 by 2030, with hydrogen prices targeted to drop below 25 yuan per kilogram[11] New Listings - Zuxing New Materials (stock code: 920078.BJ) was listed on March 18, 2026, focusing on aluminum pigments and fine spherical aluminum powder[25] - Xinhengtai (stock code: 920028.BJ) was listed on March 20, 2026, specializing in functional polymer foaming materials[26]