北证IPO受理“遥遥领先”，能带来多少大牛股？

Core Viewpoint - The article emphasizes the significance of the first half of the year for the A-share market, particularly for the newly established Beijing Stock Exchange (北交所), highlighting a surge in IPO applications and the overall improvement in the quality of listed companies [1][3]. Group 1: IPO Activity - A total of 41 companies were accepted for IPO applications by the end of June, with 32 of them from the Beijing Stock Exchange [1] - In the first half of the year, 177 companies applied for IPOs, including 115 from the Beijing Stock Exchange, indicating a substantial increase from 27 applications in the same period last year [1][3] - The Beijing Stock Exchange's total fundraising scale reached 453.36 billion, ranking second only to the main board, and it had the highest fundraising scale when excluding a few large projects from the main board [2] Group 2: Company Performance - The average and median net profit of the newly listed companies on the Beijing Stock Exchange reached 91.58 million and 75.68 million respectively, showing a significant increase of 47% and 48% compared to the previous year [3][4] - The proportion of companies with net profits exceeding 80 million is increasing, indicating a higher quality of IPO candidates [4] Group 3: Market Characteristics - The valuation levels on the Beijing Stock Exchange are the lowest among the three major boards, highlighting its cost-effectiveness [3] - The proportion of "specialized, refined, distinctive, and innovative" small giant enterprises on the Beijing Stock Exchange is 53.04%, second only to the Sci-Tech Innovation Board [3][4] - The majority of IPO candidates are from the manufacturing sector, particularly in specialized/general equipment, TMT, and electrical instrumentation, reflecting a focus on supporting the real economy [5]