Core Insights - As of October 31, 279 companies listed on the Beijing Stock Exchange (BSE) have disclosed their Q3 reports, with a total revenue of 145.068 billion yuan, reflecting a year-on-year growth of 5.99% [1] - The net profit for these companies reached 9.203 billion yuan, with 230 companies reporting profits, indicating a profitability rate of over 80% [1] - The North Stock 50 index constituents contributed nearly 40% of the overall revenue, totaling approximately 58.416 billion yuan [1] - A total of 13 BSE companies have announced dividend plans, with a cumulative payout of 356 million yuan [1] Revenue Performance - Ten BSE companies, including Better Ray and Yinuowei, reported revenues exceeding 2 billion yuan in the first three quarters [2] - Better Ray led the revenue scale with 12.384 billion yuan, a year-on-year increase of 20.60%, and a net profit of 768 million yuan, up 14.37% [2] - In Q3 alone, Better Ray achieved 4.547 billion yuan in revenue, marking a 40.70% increase year-on-year [2] Profitability Insights - Four companies, including Better Ray and Jinbo Bio, reported net profits exceeding 500 million yuan in the first three quarters [2] - 16 companies reported net profits over 100 million yuan, with Taikai Ying, newly listed in October 2025, achieving 1.939 billion yuan in revenue and a net profit of 130 million yuan [2] Losses and Challenges - Companies such as Haitai New Energy and Anda Technology reported significant losses, with Haitai New Energy's revenue declining by 42.26% to 1.432 billion yuan and a net loss of 248 million yuan [3] - The decline in the photovoltaic industry led to reduced sales prices, impacting profitability for some companies [3] Growth Rates - Five companies, including Zhuozhao Point Glue, reported revenue growth rates exceeding 100% in the first three quarters, with Zhuozhao Point Glue achieving a 164.92% increase [4] - 23 companies reported net profit growth rates over 100%, with Shunyu Precision achieving a net profit increase of 2586.85% [4] Dividend Announcements - 13 BSE companies have announced dividend plans, with 11 companies distributing over 10 million yuan each [5] - Guohang Ocean proposed a cash dividend of 1 yuan per 10 shares, totaling 55.5407 million yuan [5] - Dingjia Precision, a newly listed company, announced a substantial dividend of 6 yuan per 10 shares, reflecting strong financial health and cash flow management [5]

从净利润规模来看，贝特瑞、锦波生物、开发科技、同力股份4家北交所公司前三季度归母净利润均超5 亿元。另有16家北交所公司前三季度归母净利润过亿元。2025年10月刚刚上市的泰凯英交出营收、净利 双增的业绩答卷，公司前三季度实现营业收入19.39亿元，同比增长14.39%；归母净利润为1.30亿元， 同比增长10.13%。 出现净亏损的企业中，海泰新能、安达科技、康乐卫士、宁新新材前三季度净亏损额超亿元。海泰新能 2025年前三季度营收为14.32亿元，同比下降42.26%；归母净利润由盈转亏，亏损2.48亿元。该公司在 财报中解释称，报告期内，光伏行业主要产品市场销售价格跌破行业成本线，销售毛利空间缩小，毛利 额不足以覆盖期间费用，导致净利润亏损。 营收净利增速可观 从营收增速来看，卓兆点胶、数字人、安达科技、康乐卫士、大地电气5家北交所公司前三季度营收增 速逾100%。其中，卓兆点胶2025年前三季度实现营收2.58亿元，同比大增164.92%，公司称主要原因为 公司积极跟进存量项目验收，开拓的市场订单中阀体及配件较多，确认收入周期相对较短。 ● 本报记者 杨洁 截至10月31日，除*ST广道外，279家北 ...

Core Points - The North Exchange saw 265 listed companies report a total revenue of approximately 180.84 billion yuan in the previous year, with an average revenue of 6.82 million yuan per company [2][3] - Over 80% of the companies reported profits, with more than 100 companies achieving both revenue and profit growth [2][3] - The top three companies by revenue were Better Ray (142.37 billion yuan), Yinuowei (68.57 billion yuan), and Tongli Co. (61.45 billion yuan) [4][6] Revenue and Profit Analysis - Better Ray was the only company with revenue exceeding 10 billion yuan, but it experienced a decline in both revenue (down 43.32%) and net profit (down 43.76%) [4][6] - A total of 31 companies reported revenues exceeding 10 billion yuan, with 29 companies achieving net profits over 100 million yuan [4][6] - Companies such as Yinuowei and Tongli Co. reported revenue growth of 8.92% and 4.85%, respectively, while some companies faced declines [4][6] Dividend and Shareholder Returns - Over 90% of profitable companies announced dividend plans, with total dividends amounting to 5.968 billion yuan, representing 43% of net profits [2][10] - Several companies proposed significant dividend payouts, with Better Ray planning to distribute over 400 million yuan [11][12] - Companies also introduced share bonus plans, with some proposing high ratios of share distribution alongside cash dividends [12][13] R&D Investment - The total R&D investment by North Exchange companies exceeded 9.1 billion yuan, with over 60% of companies increasing their R&D spending [9]