高股息+稳健增长内需

Search documents
北交所周观察第三十三期:北证专精特新指数正式亮相,北证50指数上半年涨幅领跑全市场指数
Hua Yuan Zheng Quan· 2025-07-06 06:51
Group 1 - The North Exchange's 50 Index increased by 2.73% in June 2025, outperforming the Sci-Tech Innovation Board but lagging behind the Growth Enterprise Market [3][6][11] - In the first half of 2025, the North Exchange's 50 Index surged by 39%, significantly outperforming other major indices, while the Specialized and New Index rose by 49% [3][6][11] - The top-performing sectors in June 2025 included oil and petrochemicals, media, and transportation, with notable companies achieving substantial gains [11][15][17] Group 2 - A total of 31 companies saw their stock prices rise by 20% or more in June 2025, with seven companies exceeding 40% growth, primarily in machinery and petrochemical sectors [15][16] - The overall price-to-earnings (P/E) ratio for North Exchange A-shares reached 52x as of June 30, 2025, which is 141% of the Growth Enterprise Market's valuation and 91% of the Sci-Tech Innovation Board's valuation [21][30] - The report suggests focusing on companies with stable long-term growth and unique production capabilities, high-end manufacturing, and consumer sectors, as well as recent hot themes like defense and low-altitude economy [27][30] Group 3 - The trading volume on the North Exchange decreased to 269.90 billion shares in June 2025, with a slight drop in daily trading value to around 304 billion yuan [17][18] - The average daily turnover rate for the North Exchange was 69% in June 2025, down from 77% in May [17][19] - The report indicates that the North Exchange's market is expected to maintain a range-bound fluctuation, with a recommendation for investors to adopt a cautious approach [27][30] Group 4 - The report highlights the upcoming earnings disclosures for 23 companies in mid-August 2025, indicating a focus on companies with expected strong Q2 performance [28][30] - The North Exchange is in a normalization process for new stock issuances, with one company scheduled for IPO review next week [45]