5月14日，北交所个股合计成交量15.45亿股，成交额333.29亿元，成交额相对上一交易日减少13.45亿 元，个股来看，收盘上涨的共177只。 证券时报·数据宝统计显示，今日可交易北交所个股中，收盘股价上涨的有177只，占可交易个股的 66.54%，收盘涨停的有国航远洋、华光源海等，收盘涨幅居前的有方大新材、志晟信息、吉林碳谷， 分别上涨27.47%、24.97%、21.64%。收盘股价下跌的有87只，跌幅居前的有成电光信、德源药业、莱 赛激光等，分别下跌6.06%、4.72%、4.49%。 成交方面，全天成交额超亿元的股票共有104只，成交额居前的北交所股票有国航远洋、艾融软件、志 晟信息等，成交额分别为13.62亿元、8.16亿元、7.93亿元。 股票活跃度来看，今日可交易的北交所个股中，换手率超10%的有72只，其中，23股换手率超20%，换 手率在5%~10%之间的有84只，换手率在1%~5%之间的有109只。全天换手率居前的股票有华光源海、 天工股份、国航远洋等，换手率分别为62.71%、52.65%、43.05%。（数据宝） 北交所个股今日成交明细 | 871396 | 常辅股份 | 35.1 ...

Group 1 - The core viewpoint is that Jusen Precision has recently gone public on the New Third Board and is in the process of applying for listing on the Beijing Stock Exchange [3][4] - In 2024, Jusen Precision reported a revenue of 778 million yuan, a decrease of 3.36% year-on-year, while the net profit attributable to shareholders increased by 48.25% to 62.08 million yuan [4][5] - The company's gross profit margin improved to 25.93% from 22.95% in the previous year [5] Group 2 - The actual controller of the company is Qi Zhi, who directly holds 55.77% of the shares and indirectly controls an additional 6.23%, totaling 62.00% [5][6] - Qi Zhi and family members, along with other partners, have signed a concerted action agreement, collectively holding 89.77% of the company's shares [6][7] - Qi Zhi has a diverse background in the hardware industry, having held various positions since 1997, including serving as the executive director and general manager of Jusen Precision since 2006 [8]

Wind数据显示，截至5月12日，全市场所有北交所主题基金的年内回报率均为正。除了前述两只年内回 报率超60%的主动权益类基金，汇添富北交所创新精选两年定开、万家北交所慧选两年定开的年内回报 率均超过50%。 ● 本报记者 魏昭宇 多只北交所主题基金今年以来表现不俗。Wind数据显示，截至5月12日，年内回报率最高的5只基金 中，有两只为北交所主题基金：中信建投北交所精选两年定开、华夏北交所创新中小企业精选两年定 开，这两只产品的年内回报率均超60%。 有业内人士表示，随着北交所市场的进一步走强，资金正在涌入这一赛道。综合目前上市公司披露的业 绩情况及未来预期，北交所市场不少标的具备中长期投资性价比，可以积极关注北交所主题基金的投资 机会。 主动权益类基金"擒牛" 2025年以来，北交所市场震荡走强。以北证50指数为例，2024年12月31日，该指数收于1037.81点，到 了2025年5月13日，该指数已经涨至1405.80点，年内涨幅超过35%。指数基金方面，易方达基金、华夏 基金、汇添富基金、南方基金等多家公募机构旗下的北证50指数主题基金的年内回报率均超30%。 相较于指数类基金，主动权益类基金在"擒 ...

Group 1 - The Beijing Financial Street Service Bureau is proposing measures to support companies listed on the Beijing Stock Exchange (BSE) to enhance their international presence and facilitate listings on the Hong Kong Stock Exchange (HKEX) [1] - The measures include establishing a regular communication platform through the Financial Street Forum and related activities to strengthen cooperation between the BSE and foreign exchanges [1] - The initiative aims to attract international financial institutions to participate in the development of the BSE, thereby increasing its global influence [1]

Core Viewpoint - Jiangsu Tiangong Technology Co., Ltd. (Tiangong Co.) has become the first company to list on the Beijing Stock Exchange (BSE) as a "H-share A-share" company and has the lowest issuance price of new shares this year, with a significant opening price increase of 458.63% on its first trading day [1][2]. Group 1: Company Overview - Tiangong Co. specializes in the research, production, and sales of titanium and titanium alloy materials, utilizing sponge titanium and other metal elements through various processing techniques to create high-performance products [5]. - The company raised funds primarily for the construction of a production line with an annual capacity of 3,000 tons of high-end titanium and titanium alloy rods and wires to meet market demands in consumer electronics, aerospace, and medical devices [5]. Group 2: Financial Performance - In 2023, Tiangong Co. achieved a revenue of 1.035 billion yuan, a year-on-year increase of 170.05%, and a net profit attributable to shareholders of 170 million yuan, up 142.57% [5]. - However, in 2024, the company experienced revenue fluctuations, reporting 801 million yuan, a year-on-year decrease of 22.59%, while the net profit attributable to shareholders was 172 million yuan, a slight increase of 1.57% [5]. - For the first quarter of 2025, Tiangong Co. reported an unaudited revenue of 192 million yuan, a year-on-year increase of 4.35% [5]. Group 3: Market Context and Strategic Placement - The issuance price of Tiangong Co. was 3.94 yuan per share, with a price-to-earnings ratio of 14.98, marking it as the lowest issuance price for new shares this year [2]. - The public offering attracted 425,400 participants, with 117,500 ultimately receiving allocations, resulting in a total allocation of 51 million shares and an investment amount of 201 million yuan [2]. - The strategic placement involved 12 investors, with a lock-up period exceeding the minimum requirement, indicating strong institutional confidence in the company's long-term prospects [2][3].

Group 1: Company News - Li Jun has resigned as the Deputy General Manager of Baoying Fund due to personal reasons, effective May 8, 2025 [1] - Baoying Fund announced that there is no indication of Li Jun taking on another position within the company [1] Group 2: Fund Market Trends - A total of 31 public funds raised approximately 6.3 billion yuan last week, with the highest single fund exceeding 1.9 billion yuan and the lowest around 10 million yuan [2] - Stock funds accounted for 58.28 billion units issued in a week, representing 91.85% of the market share, marking the highest proportion since January 2024 [2] - The issuance scale of mixed and bond funds has significantly contracted year-on-year [2] Group 3: Bond Market Developments - Eleven fund companies have reported the Shanghai AAA Technology Innovation Corporate Bond Index Fund this year, indicating growing interest in technology bonds [3] - The Shanghai AAA Technology Innovation Corporate Bond Index has shown an annualized return of 4.1% and an annualized volatility of 1.4% as of May 9 [3] - The total amount of fund dividends reached 87.1 billion yuan this year, setting a new record, with bond funds being the main contributors, accounting for 82% of the dividend funds [4][5] Group 4: Public Fund Investments - Public funds have increased their holdings in the Beijing Stock Exchange, with the amount reaching a record high of 6.743 billion yuan, a 24.45% increase from the end of last year [6] - The number of public funds investing in the Beijing Stock Exchange has also reached a new high, with 34 funds participating, a 17.24% increase from the end of last year [6] Group 5: Market Outlook - The bond market is expected to show slight fluctuations, with external factors still needing observation [7] - Positive conditions for interest rate bonds are anticipated, with potential for yield declines in the second quarter [8] - A cautious approach is recommended for convertible bonds, focusing on the matching of underlying stock valuations to avoid pitfalls [8] Group 6: Market Performance - On May 12, the market saw gains with the Shanghai Composite Index rising by 0.82%, the Shenzhen Component Index by 1.72%, and the ChiNext Index by 2.63% [9] - The total trading volume reached 1.31 trillion yuan, an increase of 116.4 billion yuan from the previous trading day [9] - Aerospace, shipbuilding, and communication equipment sectors showed significant gains, while precious metals, bioproducts, and electricity sectors experienced declines [9]

ル ゲーリ 九 1 × 0 北交所定期报告 2025 年 05 月 12 日 股份(+12.37%)、天宏锂电(+12.36%)涨跌幅居前。 印巴冲突背景下国防建设地位凸显,关注北交所军工&航空产业企业 证券分析师 赵昊 SAC: S1350524110004 zhaohao@huayuanstock.com 万泉 SAC: S1350524100001 wanxiao@huayuanstock.com 北交所科技成长产业跟踪第二十五期(20250511) 投资要点: 2025 年我国国防支出为 17847 亿元（yoy+7.2%）。根据新华社消息，印度军方于 2025 年 5 月 7 日凌晨对巴基斯坦境内及巴控克什米尔地区多处目标发动军事打击,巴方随即反击并称击落了多架印军 战机。2024年我国国防支出是 16652.08 亿元,2025年我国国防支出为 17846.65 亿元,同比增长 7.2%, 预算增幅连续三年持平,2016年至 2025年,我国国防预算已经连续 10年实现个位数增长。本章节我们 对国产大飞机产业进行重点分析。机体制造作为飞机的基础架构部分,其价值量占比约 30%-35%;发动 机价值 ...

5月12日，北交所个股合计成交量14.41亿股，成交额326.11亿元，成交额相对上一交易日增加21.01亿 元，个股来看，收盘上涨的共243只。 证券时报·数据宝统计显示，今日可交易北交所个股中，收盘股价上涨的有243只，占可交易个股的 91.70%，收盘涨停的有七丰精工等，收盘涨幅居前的有乐创技术、莱赛激光、优机股份，分别上涨 22.28%、18.12%、17.70%。收盘股价下跌的有22只，跌幅居前的有康农种业、秋乐种业、诺思兰德 等，分别下跌3.16%、2.91%、2.68%。 成交方面，全天成交额超亿元的股票共有106只，成交额居前的北交所股票有灵鸽科技、创远信科、七 丰精工等，成交额分别为6.25亿元、6.11亿元、5.97亿元。 股票活跃度来看，今日可交易的北交所个股中，换手率超10%的有72只，其中，23股换手率超20%，换 手率在5%~10%之间的有88只，换手率在1%~5%之间的有102只。全天换手率居前的股票有晟楠科技、 莱赛激光、七丰精工等，换手率分别为40.94%、38.66%、37.80%。（数据宝） 北交所个股今日成交明细 | 832419 | 路斯股份 | 21.59 | 3. ...

2025 年 05 月 12 日 北交所行业研究 《北交所行业周报：本周北证 50 涨幅延续、交易 放缓，交大铁发提交注册（推荐）*中小盘*罗琨》 ——2025-04-21 研究所： 证券分析师： 罗琨 S0350522110003 luok@ghzq.com.cn 联系人 ： 禹露 S0350124070012 yul06@ghzq.com.cn [Table_Title] 本周北证 50 实现领涨、交投活跃度明显提升， 下周天工股份上市 ——北交所行业周报 最近一年走势 | 行业相对表现 | | | 2025/05/09 | | | --- | --- | --- | --- | --- | | 表现 | | 1M | 3M | 12M | | 北证 | 50 | 26.04% | 16.37% | 69.03% | | 沪深 | 300 | 5.35% | -1.20% | 5.95% | 相关报告 《北交所行业周报：本周北证 50 小幅回调，下周 天工 股份申购 （推荐）* 中小 盘* 罗琨 》—— 2025-04-28 《北交所行业周报：本周整体市场波动较大，鼎佳 精密、岷山环能两家企业上会通过（推 ...

兴证全球基金经理童兰认为，不管是红利资产还是成长类资产，本质上都是资产。"作为投资人，我关 注的是它的核心本质，也就是其在全生命周期当中创造现金流，折算到当前价值的合理水平。"童兰 说。 具体到红利资产的细分配置方向，睿郡资产执行董事杜昌勇认为，共识过于一致的资产市场表现已经很 充分，更应关注部分共识度较低、基本面又比较好的资产。"有些行业，比如说运营商行业是非常稳定 的小幅成长行业，过去市场表现很充分，市场的共识也很一致。这两年我们关注到的另一些公用事业行 业，比如电力行业，目前市场上分歧还是挺大的。未来这个板块的稳定性会显示出来，可以慢慢地看到 业绩的稳定性和成长性，又有很高的分红比例承诺。从这个角度来看，兼具分红和成长的属性。" 进入5月，一季度小有收获的公募基金开始为下半年行情做准备。在此背景下，机构对红利资产的关注 度显著提升。在机构人士看来，低估值、基本面稳健的红利资产依然是组合的压舱石，但在哪些红利资 产更具配置价值方面，则存在一定的分歧。 今年以来，公募主动权益类基金的业绩有所修复。Choice统计数据显示，截至4月30日，今年以来全市 场普通股票型基金和偏股混合型基金的平均回报皆为正，分别为 ...