Group 1 - The North Exchange 50 index increased by 5.82%, with average daily trading volume rising by 34.58% [4][12] - The strongest sectors this week included military, TMT, and pharmaceuticals, with the commercial aerospace sector showing significant strength [7][8] - Notable stock performances included Tianli Composite (+35.97%), Huitong New Materials (+23.77%), and Beikang (+45.1%) [4][7] Group 2 - The North Exchange's strong stock ratio increased to 38.7%, indicating potential for continued market momentum [7][11] - The report highlights a shift in market style from small-cap stocks to growth sectors, particularly in AI computing and other emerging technologies [7][8] - The report emphasizes the importance of timing in thematic investments, particularly in the context of the upcoming "14th Five-Year Plan" [7][8] Group 3 - The report identifies key sectors to watch in the upcoming week, including the space photovoltaic industry and AI applications [8] - Specific companies of interest include Liancheng Numerical Control, Optech, and Deepseek V4, among others [8] - The report anticipates a return of absolute return funds in early 2026, with a focus on undervalued stocks [8] Group 4 - The North Exchange had 287 companies listed as of January 9, 2026, with new listings and approvals ongoing [24][28] - This week, five new companies were listed, and five were delisted, with a total planned financing of 221 million yuan [42][44] - The report notes that the North Exchange's PE (TTM) median is 42.05 times, reflecting a positive trend in valuations [12][19]

Group 1 - The report highlights the issuance of the "Artificial Intelligence + Manufacturing" action plan, which aims for China to achieve a leading position in AI core technologies and industry scale by 2027, with specific tasks outlined for innovation, product breakthroughs, and enterprise cultivation [3][13][14] - The report identifies 40 companies in the AI + industrial information sector, including key players like Hengtong Optic-Electric and Parallel Technology, which are expected to benefit from the action plan [2][3][20] - Hengtong Optic-Electric (920045.BJ) focuses on the R&D and manufacturing of passive optical devices, reporting a revenue increase of 91.38% year-on-year for Q1-Q3 2025 [22][24] Group 2 - The information technology sector experienced an average weekly increase of 7.33%, with notable performance in high-end equipment and chemical new materials sectors [4][36] - The average P/E ratio for the information technology sector rose to 79.7X, with companies like Zhongcheng Technology and Xingtum Measurement Control showing significant stock price increases [4][39] - The report indicates that the total market capitalization of the technology new industry increased from 502.61 billion to 533.32 billion, with a median market cap rise from 2.27 billion to 2.39 billion [5][60] Group 3 - The report notes that 143 out of 159 companies in the technology new industry saw stock price increases, with a median increase of 4.60% [5][54] - Parallel Technology (920493.BJ), a leading provider of supercomputing cloud services, reported a revenue growth of 69.25% year-on-year for Q1-Q3 2025 [23][26] - Xingtum Measurement Control (920116.BJ), a national-level specialized enterprise in aerospace measurement and control, achieved a revenue increase of 15.57% year-on-year for Q1-Q3 2025 [27][32]

证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交2.11亿元，其中，买入成交额为9191.71 万元，卖出成交额为1.19亿元，合计净卖出2691.88万元。 星图测控（920116）今日上涨7.81%，全天换手率25.44%，成交额10.37亿元，振幅13.59%。龙虎榜数据 显示，机构净买入1126.15万元，营业部席位合计净卖出3818.03万元。 北交所公开信息显示，当日该股因日换手率达25.44%上榜，机构专用席位净买入1126.15万元。 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 国信证券股份有限公司厦门湖滨北路证券营业部 | 1784.95 | 24.20 | | 买二 | 机构专用 | 1640.57 | 514.42 | | 买三 | 东方财富证券股份有限公司拉萨东环路第二证券营业部 | 1583.21 | 1532.38 | | 买四 | 东方财富证券股份有限公司拉萨团结路第二证券营业部 | 1332.60 | 1174.67 | | 买五 | 东方财富 ...

（记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 每日经济新闻 每经讯，2026年1月9日，北交所上市公司星图测控（920116，收盘价：100.13元）登上龙虎榜，交易方式是连续竞价，披露原因 是当日换手率达到25.44%，成交数量1032.26万股，成交金额10.37亿元。买一席位为国信证券股份有限公司厦门湖滨北路证券营 业部，买入1784.95万元；卖一席位为国信证券股份有限公司深圳红岭中路证券营业部，卖出3075.93万元。 | | 2026-01-09星图测控(920116) 龙虎榜 | | | | --- | --- | --- | --- | | 序号 | 交易营业部名称 | 买入金额(元) | 卖出金额(元) | | न्द्र ग | 国信证券股份有限公司厦门湖滨北路证券营业部 | 17849526.47 | 241965.8 | | 买2 | 机构专用 | 16405725.69 | 5144191.84 | | ने(3 | 东方财富证券股份有限公司拉萨东环路第二证券营业部 | 15832101.59 | 15323754.63 | | ...

Summary of Key Points Core Viewpoint - The trading volume and value of stocks on the Beijing Stock Exchange (BSE) saw a significant increase on January 9, with a total trading volume of 1.14 billion shares and a trading value of 29.886 billion yuan, marking an increase of 3.682 billion yuan compared to the previous trading day [1]. Trading Performance - A total of 202 stocks closed higher, representing 70.38% of the tradable stocks on the BSE, with notable gainers including Ge Li Er and Zhong Cheng Technology, which hit the daily limit up [1]. - The top gainers included Fuji Da, Hai Neng Technology, and Xing Tu Ce Kong, with increases of 9.47%, 7.95%, and 7.81% respectively [1]. - Conversely, 77 stocks closed lower, with Bei Yi Kang, Kai De Quartz, and Tian Li Composite showing the largest declines of 11.47%, 7.23%, and 6.18% respectively [1]. Trading Activity - There were 84 stocks with a trading value exceeding 10 million yuan, with Tian Li Composite, Fuji Da, and Xing Tu Ce Kong leading in trading value at 1.128 billion yuan, 1.051 billion yuan, and 1.037 billion yuan respectively [1]. - The trading activity was robust, with 44 stocks having a turnover rate exceeding 10%, and 10 stocks exceeding 20% [1]. Notable Stocks - The stock with the highest turnover rate was Zhong Cheng Technology at 35.49%, followed by Tian Run Technology at 28.04% and Da Peng Industrial at 27.70% [1]. - The trading details of several notable stocks were provided, highlighting their closing prices, percentage changes, turnover rates, and trading values [1][2][3][4][5][6][7][8][9][10].

数据宝统计，截至14:49，星图测控成交额10.10亿元，创2025年3月17日以来新高。最新股价上涨 7.82%，换手率24.77%。上一交易日该股全天成交额为5.90亿元。（数据宝） （文章来源：证券时报网） ...

星图测控股价创出历史新高，截至9:51，该股上涨9.81%，股价报101.99元，成交量351.37万股，成交金 额3.43亿元，换手率8.66%，该股最新A股总市值达162.95亿元，该股A股流通市值41.39亿元。 证券时报·数据宝统计显示，星图测控所属的计算机行业，目前整体涨幅为0.98%，行业内，目前股价上 涨的有272只，涨幅居前的有嘉和美康、卫宁健康、创业慧康等，涨幅分别为14.27%、13.16%、 10.98%。股价下跌的有86只，跌幅居前的有荣科科技、天润科技、盛邦安全等，跌幅分别为7.54%、 6.03%、4.70%。 两融数据显示，该股最新（1月8日）两融余额为1.24亿元，其中，融资余额为1.24亿元，近10日增加 1510.36万元，环比增长13.85%。 公司发布的三季报数据显示，前三季度公司共实现营业收入1.88亿元，同比增长15.57%，实现净利润 6289.98万元，同比增长25.28%，基本每股收益为0.4000元，加权平均净资产收益率11.91%。（数据 宝） （文章来源：证券时报网） ...

Summary of Key Points Core Viewpoint - The A-share IPO market in 2025 saw significant growth, with 116 companies completing their IPOs, raising a total of 131.71 billion yuan, marking a 95.64% increase from 2024. The market exhibited structural characteristics with a mix of large-scale and small-scale IPOs, and the profitability of new stocks was notably high, with no stocks experiencing a "break" in their initial public offering prices [2][4][8]. Group 1: IPO Performance - In 2025, a total of 116 companies successfully completed their IPOs, an increase of 16 companies compared to 2024 [2] - The total amount raised through these IPOs reached 131.71 billion yuan, representing a 95.64% increase year-on-year [2][4] - The highest fundraising company was Huadian New Energy, which raised 18.17 billion yuan, followed by Moore Threads with nearly 8 billion yuan [2][4] Group 2: Market Structure - The majority of IPOs were concentrated in the ChiNext board with 33 companies, followed by the Beijing Stock Exchange with 26, the Shanghai Main Board with 23, the Sci-Tech Innovation Board with 19, and the Shenzhen Main Board with 15 [2] - The fundraising scale of IPOs showed a clear structural differentiation, with large projects coexisting with numerous small IPOs [4][7] Group 3: Profitability and Stock Performance - All 116 new stocks maintained prices above their issue prices, with an average increase of over 224% since listing [3] - Notable performers included Xingtou Measurement and Control, which achieved a cumulative increase of over 1600%, making it the most profitable new stock of 2025 [3][10] - The average turnover rate for new stocks was 1411.96%, with some stocks exceeding 3000%, indicating high trading activity [10] Group 4: Issuance Costs - The total issuance costs for the 116 companies amounted to 9.705 billion yuan, with an average cost of 83.66 million yuan per company, reflecting an increase from 67.41 million yuan in 2024 [7] - The issuance cost as a percentage of the total fundraising showed significant variation, with large projects like Huadian New Energy having a low cost ratio of 1.25%, while many smaller IPOs had ratios exceeding 10% [7]

Core Viewpoint - The computer and software development industry is showing strong growth potential supported by government policies, with significant advancements in key areas such as AI, quantum technology, and integrated circuits as outlined in the 14th and 15th Five-Year Plans [1] Industry Summary - The computer industry is projected to grow by 17% by 2025, with a price-to-earnings (PE) ratio reaching 292 and a price-to-sales (PS) ratio maintaining around 4, indicating high market attention on cutting-edge technologies [1] - The industry's fundamentals are stabilizing, with a year-on-year revenue increase of 10% and a net profit growth of 37% in the first three quarters of 2025, although cash flow has decreased by 58% due to seasonal collection characteristics [1] - Active themes such as AI applications, quantum technology, commercial aerospace, and low-altitude economy are driving market dynamics, with companies like BaiRong Cloud, TongHuaShun, and DingJie Smart achieving success in the AI sector, while GuoDun Quantum and XingTu Measurement Control are forming product matrices in quantum and aerospace fields [1] - The quality of operations in the industry is improving, with stable R&D investments and good control over sales expenses, suggesting a continuation of high attention and valuation advantages in the future [1] ETF Summary - The software ETF (515230) tracks the software index (H30202), which primarily covers publicly listed companies engaged in software development, sales, and related services, typically characterized by high R&D investments and technological leadership [1]

Core Insights - The Beijing Stock Exchange (BSE) continues to experience a high-frequency supply trend, with new stock activity and enthusiasm for initial public offerings (IPOs) remaining elevated. The market focus is shifting from a previous broad rally to a "new stock + structural themes" driven approach. The pace of the primary market has noticeably accelerated, with smoother connections between registration, queuing, and issuance processes, indicating a further strengthening of institutionalized operations [6][17] - Recently listed companies generally exhibit higher growth potential and regulatory compliance, leading to marginal improvements in supply quality and a gradual restructuring of capital preferences. In the secondary market, as the valuation center has stabilized, the characteristics of structural differentiation under existing stock competition have become more pronounced, with funds favoring assets that are liquid and have clear paths to expected returns. Overall, short-term trading focus will continue to revolve around new stock performance and thematic rotation, while medium-term attention should be on configuration opportunities arising from the sustained release of high-quality supply [6][17] Market Review and Valuation - As of December 30, 2025, the BSE 50 Index rose by 4.54% in December, with a peak increase of 5.24%. Among BSE stocks, 33 increased, 254 decreased, and none remained unchanged. For the year, the BSE 50 Index increased by 39.78%, with a maximum increase of 60.92%, where 249 stocks rose and 38 fell [8][18] - The average price-to-earnings (P/E) ratio for the BSE 50 Index as of December 30, 2025, was 63.47 times, with a median of 61.28 times. In comparison, the ChiNext Index had an average P/E of 40.95 times, and the Sci-Tech Innovation Board had an average P/E of 154.78 times [23][18] New Stock Dynamics - In December, two new stocks were listed on the BSE, bringing the total number of listed companies to 287 as of December 30, 2025. From December 1 to December 30, two companies were subscribed and listed. The latest review status shows that 39 companies, including Jiangguo Co., Ltd. and Caike Technology, have updated their review status to "inquired," while two companies, Dongsheng Jin Material and Chuangzheng Electric, have updated their status to "terminated" [34][9] Key Company Announcements - On December 26, 2025, the BSE issued "Continuous Supervision Guidelines No. 15 - Transactions and Related Transactions," focusing on regulating the trading behavior and information disclosure management of listed companies. This guideline aims to enhance transparency and internal control, promoting standardized and high-quality development of listed companies [38]