2025 年 06 月 22 日 资金缩圈至银行与科技绩优，北证 中报行情徐徐展开 ——北交所策略周报（20250616-20250622） 本周策略观点： 本周市场行情： 北交所新股： 新三板动态： ⚫ 本周新挂牌 2 家，摘牌 6 家，周新增计划融资 0.06 亿元，完成融资 1.21 亿元。 风险提示： ⚫ 个股业绩季度波动过大风险，宏观经济下行的风险。 相关研究 证券分析师 刘靖 A0230512070005 liujing@swsresearch.com 王雨晴 A0230522010003 wangyq@swsresearch.com 研究支持 郑菁华 A0230525060001 zhengjh@swsresearch.com 汪秉涵 A0230123090006 wangbh@swsresearch.com 吕靖华 A0230124070002 lvjh@swsresearch.com 联系人 郑菁华 (8621)23297818× zhengjh@swsresearch.com 新 三 板 研 究 证 券 研 究 报 告 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 ...

今日（6月20日）A股市场收盘共53股涨停，剔除掉8只ST板块个股后45股涨停，14股封板未遂，整体封板率为79.1 %。 涨停战场： 连续涨停天数来看，山东墨龙6连板，诺德股份4连板，中京电子、长城军工3连板，湘潭电化、兴业股份等5股2连板。 以封单金额计算，10股封单资金超亿元，湘潭电化、诺德股份、安妮股份（维权）封单资金居前，分别为2.38亿元、1.58亿 元、1.46亿元。 湘潭电化具有固态电池概念，公司此前在投资者问答平台上表示，公司密切关注市场发展动向，一直在积极对接固态电池 技术路线相关企业进行技术合作和样品测试。此外，公司在调研活动中透露了未来的研发重点方向，公司研发投入主要聚 焦高性能电解二氧化锰产品研发、锰酸锂及其前驱体性能提升研发、锰系材料环保渣无害化处理和资源化利用等领域，未 来研发的重点方向是锰系材料在新能源领域的进一步应用。 | | | | | | | 6月20日旅停放到早受立排行 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 代码 | í前杯 | 收盘价 | 换手率 | 涨停板封单 | 封单资金 | 连板 | 涨停 ...

Index Level - The Shanghai Composite Index is still in a downward adjustment phase, with support around the gap at 3320 [3][4] - The ChiNext Index has fallen below its short-term moving averages, indicating potential weakness [3] - Overall market sentiment is low, with a trading volume of only 1.06 trillion, down by 185.7 billion, and a net sell-off of nearly 30 billion by domestic investors [3][4] Market Conclusion - The market is expected to continue its adjustment, and any potential rebounds should be viewed as temporary [4] - Investors should avoid chasing prices and consider maintaining around 50% of their positions [4] Sector Analysis - The banking and insurance sectors are showing strength, while brokerage firms are underperforming [5] - Consumer sectors like liquor are experiencing a rebound, but sustainability is uncertain [6] - The solid-state battery sector remains active, while some technology stocks are showing strength [5] Banking Sector Insights - The rise in bank stocks is attributed to a lack of alternative investment options, with banks offering around 4% dividend yields [7] - Investors are advised to hold existing positions in banks or cautiously enter with a portion of their capital [7] Hot Sector Breakdown - CPO is in a corrective phase but maintains an upward trend, presenting potential buying opportunities [7] - PCB shows a similar upward trend despite recent fluctuations, indicating potential for speculative opportunities [7] - The storage chip sector is in a consolidation phase, requiring further observation for potential upward movements [7] Additional Sector Observations - The innovative drug sector is in its sixth day of adjustment, with a downward trend persisting [8] - Stablecoins and digital currencies are showing signs of trend reversal, necessitating caution if they break below key support levels [8] - The solid-state battery sector is experiencing a slowdown in momentum, but short-term trading opportunities may still exist [8]

Market Overview - The A-share market continues to experience a pullback, with the Shanghai Composite Index down by 0.07%, closing at 3359.90 points. The total trading volume in the Shanghai and Shenzhen markets was 10,677 billion yuan, a decrease of 1,829 billion yuan compared to the previous day [1] - There were 1,540 stocks that rose while 3,645 stocks fell, indicating a bearish sentiment in the market [1] Sector Performance - Solid-state battery concept stocks maintained strong performance, while copper foil stocks in the PCB industry surged. However, oil and gas, as well as blockchain concept stocks, showed mixed results with some hitting the daily limit up and others limit down [1] - High-profile stocks such as Jinshi Technology and Limin Co. faced consecutive limit downs [1] Competition Insights - The 63rd session of the "Digging Gold" competition concluded with the champion achieving a return of 37.25%, the runner-up at 35.15%, and the third place at 35.08%. Participants capitalized on opportunities in oil and gas, nuclear pollution prevention, and blockchain concept stocks [1][3] - A total of 488 participants achieved positive returns and will receive cash rewards, with the distribution scheduled for June 23 [1] Upcoming Events - The 64th session of the competition will start on June 23, with registration open from June 21 to June 30. Participants will trade with a simulated capital of 500,000 yuan [1][10] - Weekly cash rewards will be distributed based on performance, with the first-place winner receiving 688 yuan and subsequent positions receiving varying amounts [10] Participant Strategies - Several participants effectively utilized "Fire Line Quick Review" to seize market opportunities, particularly in methanol and strontium carbonate sectors during the competition period [7][8] - The champion's strategy involved short-term trading with stocks like Langxin Group and Chuangshi Technology yielding profits, while the runner-up focused on military and nuclear pollution prevention stocks [5][6] Market Sentiment - Experts believe the A-share market is currently in a structural market phase, with support levels at the 60-day, 90-day, and 120-day moving averages. The market is expected to exhibit a range-bound trading pattern [9] - There is a focus on dividend assets such as insurance and highways, while small-cap stocks are seen as volatile and risky for retail investors [9]

昨天编辑老章还说，今天涨的防御系，明天就得进攻系了。现实狠狠打了他的脸，今天依旧防御系。 白酒股展开反弹，皇台酒业涨停。港口航运股震荡走强，宁波海运涨停。 兄弟姐妹们，银行股的牛市真的不是白叫的。 新股民小田今天在喊："厉害了，银行股再创历史新高。" 反观市场全天震荡走低，创业板指领跌。沪深两市全天成交额1.07万亿，较上个交易日缩量1829亿。个股跌多涨少，全市场超3600只个股下跌。 消息面上，今天早上，新华社发表评论指出，整治违规吃喝不是一阵风不能一刀切。 分析人士认为，从估值的角度来看，目前白酒行业的动态市盈率为18倍，已经低于全A（19倍），白酒行业估值与全A比例已接近二十年最低点， 反映市场对未来业绩的悲观预期。白酒有望迎来业绩和估值的双底。 估值底或已出现，盈利预测仍在下行途中，股价或先于业绩面企稳上行。不过，很多年轻人不爱喝白酒，市场的消费理念或许正在发生着变化。 周一让大家关注的固态电池，本周一直偏强势。 近期，固态电池的确是催化不断。产业层面，资料显示，五场大会密集召开： 一是，6月19日，中国国际固态电池科技大会。 二是，硫化锂与硫化物固态电池技术大会将于6月24日—25日召开。 三是， ...

6月20日，A股三大指数继续走低，沪指跌0.07%报3359点，深证成指跌0.47%，创业板指跌0.83%。全市场超3600股下跌。市场热点聚焦复合集流体、航运港 口、银行板块。 高位股方面，山东墨龙晋级6连板，固态电池概念股诺德股份（维权）走出4连板，楚天龙尾盘上演"地天板"录得3天2板。 | 代码 | 名称 | 涨幅 | 现价 几天几板� | 涨停分析 | | --- | --- | --- | --- | --- | | 002490 | 山东墨龙 | +10.03% | 7.02 6连板 | 油气装备+页岩气+国企 | | 603389 | *ST IZ 灰 | +5.03% | 13.98 6天4板 | 控制权变更+家具制造+ST板 | | 600110 | 诺德股份 | +10.04% | 5.15 4连板 | 固态电池材料+PCB概念+电 | | 002528 | ST英飞拓 | +4.86% | 3.02 4天3板 | 智慧城市+一李报扭亏+国企 | | 600289 | *ST信通 | +5.03% | 6.47 4天3板 | AI应用+ST板块 | | 600113 | 浙江东日 | +9 ...

Market Overview - The overall market sentiment remains weak, with significant volume contraction indicating a retreat phase [1] - Certain sectors, such as elastic financial stocks like Chutianlong, showed activity, while oil and gas sectors declined, reflecting hesitation and divergence in market funds [1] Sector Performance - Solid-state batteries emerged as the strongest sector, typically seen during the transition from old to new cycles, suggesting potential opportunities in other themes, although the sector is fragmented [2] - Elastic finance and digital currency sectors, particularly Chutianlong, showed initial recovery but lack a clear leading effect [2] - Other sectors like photovoltaic, shipping, chemicals, and water conservancy experienced day-to-day fluctuations but should be viewed as rotational without sustainability [2] Investment Strategy - Investors are advised to remain cautious, avoiding blind chasing of highs or bottom fishing, as the market is in a retreat phase with high operational difficulty [2] - It is recommended to maintain a cash position or light exposure while waiting for clear market signals [2] - If weekend conflict situations ease, the market may continue to adjust; if conflicts persist, there may be limited speculative opportunities with high risks [2]

6月20日，沪指盘中窄幅震荡，创业板指弱势下探跌近1%；港股反弹走高，恒生指数涨1.26%，恒生科技指数涨近1%。 具体来看，沪指盘中维持震荡整理走势，深证成指、创业板指弱势下探。截至收盘，沪指微跌0.07%报3359.9点，深证成指跌0.47%报10005.03点，创业板指跌 0.84%报2009.89点，上证50指数涨0.31%，沪深北三市合计成交10919亿元，较此前一日减少近1900亿元。 场内超3600股飘绿，近日强势的石油板块回落，通源石油、科力股份跌约13%，贝肯能源跌停；酒类股反弹，皇台酒业涨停，迎驾贡酒涨超7%；保险、银行板块 拉升，杭州银行、浦发银行、南京银行等创出新高；航运概念强势，宁波海运、兴通股份、保税科技等涨停；光刻机概念崛起，强力新材20%涨停，晶瑞电材涨超 10%；固态电池概念活跃，海科新源连续两日20%涨停，科恒股份尾盘20%涨停，中一科技涨超18%，诺德股份等多股涨停。此外，今日登陆创业板的新恒汇上涨 229%报42.12元/股，盘中最高至50元/股涨幅达290.6%，以最高价计算，该股单签盈利超1.8万元。 行业方面，去年同期"金融挤水分"产生低基数效应，叠加今年政府债靠 ...

一、行情回顾 沪指全天窄幅震荡，创业板指尾盘跌近1%。航运板块逆势走强，宁波海运等涨停。白酒股盘中拉升，皇台酒业涨停。银行股继续走强，工商银行等再创历 史新高。光伏板块冲高回落，赛伍技术等涨停。固态电池概念反复活跃，湘潭电化等涨停。下跌方面，油气股集体下挫，贝肯能源跌停；IP经济概念震荡调 整，元隆雅图跌停。个股跌多涨少，沪深京三市约3600股飘绿，今日成交1.09万亿。 二、当日热点 1.固态电池 固态电池板块今日继续活跃，诺德股份4连板，海科新源2连板，湘潭电化、英联股份等涨停。 申港证券认为，国内不断出台相关政策，助力淘汰落后产能、防止供给端"无序扩张"，光伏行业有望加速筑底。随着技术进步，颗粒硅应用规模有望扩大， 带动多晶硅成本下降。硅片/电池片/组件成本将降低，盈利空间有望修复及扩展。 3.光刻机 | 股票名称 | | 最新价 = | 涨跌幅 = | 涨停时间 ◆ | 换手率 | | --- | --- | --- | --- | --- | --- | | 诺德股份 600110.SS | 4天4板 | 5.15 | +10.04% | 09:31:58 | 7.62% | | 海科新源 3012 ...

Core Insights - The article highlights the performance of stocks with consecutive trading limits, noting a 50% advancement rate among these stocks on June 20, 2025, despite a generally bearish market sentiment with over 3600 stocks declining [1][2] - Solid-state battery concept stocks showed significant activity, with notable performances from companies like Nord Shares and Xiyang Electric [1] Group 1: Market Performance - A total of 44 stocks hit the daily limit, with 8 stocks classified as consecutive limit-up stocks, including 4 stocks with three or more consecutive limits [1] - The advancement rate for consecutive limit stocks was reported at 50%, excluding ST and delisted stocks [1][2] - Despite the overall market decline, some stocks attempted a rebound, such as Yong'an Pharmaceutical, which surged from a decline of over 8% to an increase of over 8% [1] Group 2: Sector Highlights - Solid-state battery concept stocks were particularly active, with Nord Shares achieving four consecutive limits and Xiyang Electric recording three limits in six days [1] - The news from Guoxuan High-Tech indicated that the company's first solid-state pilot line has officially been completed, and Jinshi's solid-state battery PACK system has finished initial development and testing [1]