2025 年 06 月 08 日 北证专精特新（899601）：小而精， 特色更鲜明的优质投资标的 ——北交所发布北证专精特新指数点评 证券分析师 刘靖 A0230512070005 liujing@swsresearch.com 研究支持 吕靖华 A0230124070002 lvjh@swsresearch.com 联系人 吕靖华 (8621)23297818× lvjh@swsresearch.com 策 略 研 究 证 本研究报告仅通过邮件提供给 中庚基金 使用。1 请务必仔细阅读正文之后的各项信息披露与声明 A 股 策 资料来源：Wind，申万宏源研究；截至 2025/6/6 资料来源：Wind，申万宏源研究；截至 2025/6/6 略 券 研 究 报 告 ⚫ 事件：2025 年 6 月 6 日，北交所公告将于 2025 年 6 月 30 日正式发布北证专精特新指 数，经流动性筛选后，北证专精特新指数将从符合条件的北交所专精特新"小巨人"上市 公司中选取市值最大的 50 只作为指数样本，为市场提供多维度投资标的和业绩基准。 ⚫ 北证专精特新聚焦小巨人、特色更鲜明，编制规则采用半年度调仓、调整数量不超 ...

Group 1 - The North Exchange will officially launch the North Specialized and Innovative Index on June 30, 2025, which will provide multi-dimensional investment targets and performance benchmarks [1][9] - The index will consist of the 50 largest "little giant" companies listed on the North Exchange, reflecting the overall performance of specialized and innovative companies [1][9] - As of June 6, 2025, there are 146 national-level specialized and innovative "little giant" companies listed on the North Exchange, accounting for 54.89% of the total [1][14][17] Group 2 - In 2024, the average revenue of national-level specialized and innovative companies on the North Exchange was 613 million yuan, while non-national-level companies had an average revenue of 768 million yuan, with year-on-year changes of -6.88% and +2.40% respectively [1][15] - The average net profit attributable to shareholders for national-level specialized and innovative companies was 47.83 million yuan, compared to 35.16 million yuan for non-national-level companies, with year-on-year changes of -20.72% and -24.34% respectively [1][15] - The gross profit margin for national-level specialized and innovative companies was 25.11%, while for non-national-level companies it was 21.83% [21][24] Group 3 - The North Exchange's A-shares had an average daily trading volume of 24.83 billion yuan, a decrease of 2.38% from the previous week, with a turnover rate of 6.18% [2][30] - The North 50 Index closed at 1427.06 points, with a week-on-week increase of 1.30% and a PE ratio of 74.42X [2][31][35] - The overall PE ratio for North Exchange A-shares increased to 50.21X, with 144 companies having a PE ratio exceeding 45X, accounting for 54.55% [2][33][38] Group 4 - The five major industries on the North Exchange, including high-end equipment, information technology, new chemical materials, consumer services, and biomedicine, have TTM PE ratios of 40.68X, 101.69X, 42.50X, 56.05X, and 51.53X respectively [2][37][39] - The North Exchange focuses on serving innovative small and medium-sized enterprises, particularly in advanced manufacturing and modern service industries, to promote high-quality economic development [1][14]

近期，港股市场的次新股成了最耀眼的"造富引擎"。 其中，老铺黄金股价日前强势突破1000港元大关，自上市后股价狂飙超21倍；蜜雪集团、毛戈平、映恩生物等次新股，也纷纷开启暴涨 "剧本"，让投资者真切见 证财富神话的诞生，也点燃了市场对港股次新股的热情。 | | | 2024年6月以来上市的港股次新股表现 | | | | --- | --- | --- | --- | --- | | 证券代码 | 证券简称 | 上市日期 | 上市首日 涨幅(%) | 目前股价相对 友行价涨幅(%) | | 06181.HK | 老铺黄金 | 2024-06-28 | 72.84 | 2148.95 | | 02587.HK | 健康之路 | 2024-12-30 | 36.67 | 566.03 | | 01354.HK | 经发物业 | 2024-07-03 | -11.47 | 292.00 | | 01318.HK | 毛戈平 | 2024-12-10 | 76.51 | 279.80 | | 02432.HK | 越 | 2024-12-23 | 0.74 | 214.89 | | 01364.HK | 古著 | 20 ...

证券代码：000718 证券简称：苏宁环球 苏宁环球股份有限公司 公司审时度势，保持战略定力，重点聚焦产品品 质，以产品品质和服务质量赢得市场认可。 3、未来公司地产项目开发规划 公司地产业务具备显著的高利润和正向现金流优 势，将按照既定战略，延续既往项目节奏，有序推进 新项目的陆续开发上市。 地产市场行情整体企稳，土地供应同比下降，公 司在优势片区话语权逐步提升，价格体系持续稳定， 今年下半年计划在公司优势区块新增地产项目，持续 提档升级，推出精品项目。 目前公司在手土地储备充足，未来在利用好现有 地块的同时，也将持续关注优质地块机会。 4、公司医美板块经营情况和竞争优势 公司持续推进地产、医美双主业发展战略，持续 投入医疗美容板块，重点打造业务版图新增长极，目 前已有 6 家医美机构，形成了六城六院的分布格局。 公司自切入医美赛道以来，厘清管理，严格把控合规、 投资者关系活动记录表 编号：2025-004 | | ☑特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | 动类别 | □现场参观 | | | □ ...

主力资金净流出的行业有24个，计算机行业主力资金净流出规模居首，全天净流出资金33.56亿元，其 次是机械设备行业，净流出资金为31.09亿元，净流出资金较多的还有汽车、电子、医药生物等行业。 美容护理行业今日下跌1.70%，全天主力资金净流出1.35亿元，该行业所属的个股共31只，今日上涨的 有7只；下跌的有24只。以资金流向数据进行统计，该行业资金净流入的个股有6只，净流入资金居首的 是珀莱雅，今日净流入资金3971.12万元，紧随其后的是水羊股份、两面针，净流入资金分别为1833.96 万元、1635.86万元。美容护理行业资金净流出个股中，资金净流出超千万元的有7只，净流出资金居前 的有爱美客、贝泰妮、青松股份，净流出资金分别为3011.31万元、2875.18万元、1992.07万元。（数据 宝） 美容护理行业资金流向排名 沪指6月6日上涨0.04%，申万所属行业中，今日上涨的有13个，涨幅居前的行业为有色金属、通信，涨 幅分别为1.16%、1.00%。跌幅居前的行业为美容护理、纺织服饰，跌幅分别为1.70%、1.18%。美容护 理行业位居今日跌幅榜首位。 资金面上看，两市主力资金全天净流出212. ...

Market Overview - The A-share market experienced narrow fluctuations today, with major indices showing mixed results. The Shanghai Composite Index rose by 0.04%, while the Shenzhen Component Index fell by 0.19%, and the ChiNext Index decreased by 0.45% [3] - The Hong Kong stock market saw a slight decline, with the Hang Seng Index closing down by 0.48%. Notably, stocks like SMIC and Trip.com Group saw significant declines [12][13] Sector Performance - The non-ferrous metals sector led the gains in the A-share market, with an increase of over 1%. Stocks such as Shengda Resources and Silver Industry reached their daily limit, while several others rose by more than 5% [3] - The communication sector also performed well, with stocks like 263 and Chutian Long hitting their daily limit [4] - Other sectors that showed positive performance included oil and petrochemicals, construction decoration, basic chemicals, and building materials [5] - Conversely, sectors such as beauty care, textiles and apparel, food and beverage, and media showed weak performance, with varying degrees of decline [6] - Concept sectors like glyphosate, nickel metals, shale gas, and lithium mining also saw significant gains [7] Notable Company Events - Longjin Tui (002750.SZ) entered the delisting arrangement period today, with its stock price plummeting by 36.28% and trading volume exceeding 40 million yuan [8][10] - The company received a notice from the Shenzhen Stock Exchange regarding the termination of its stock listing due to financial performance issues, including a negative profit total and revenue below 300 million yuan for the previous fiscal year [11] - In the Hong Kong market, the pharmaceutical company Stone Pharmaceutical Group surged by 12.72% after announcing the approval of its adenosylcobalamin capsule by the National Medical Products Administration, which is expected to enhance its product line in the blood and nervous system treatment areas [13] Commodity Market - In the futures market, domestic silver futures saw a significant increase of over 4%, with prices surpassing 8,800 yuan per kilogram, marking a new high since the contract's inception [15]

A股三大指数今日涨跌不一，截至收盘，沪指涨0.04%，深成指跌0.19%，创业板指跌0.45%，北证50指数跌0.53%。全市场成交额11772亿元，较上日缩量 1398亿元。全市场超2600只个股上涨。 板块题材上，有色金属、民爆、农化制品、海南自贸区板块涨幅居前；兵装重组、美容、IP经济等新消费板块跌幅居前。 盘面上，有色金属板块今日领涨，盛达资源（000603）、白银有色（601212）、湖南白银（002716）涨停。杀虫剂、农化制品板块表现活跃，美邦股份 （605033）、苏利股份（603585）、长青股份（002391）涨停。创新药概念股午后有所回暖，新诺威（300765）、海辰药业（300584）20cm涨停，常山药 业（300255）创历史新高。兵装重组概念股今日走弱，湖南天雁（600698）尾盘跌超7%。美容护理、IP经济、宠物经济等新消费板块今日集体调整，豪悦 护理（605009）、广博股份（002103）、中宠股份（002891）跌幅居前。 【5连板】 共创草坪（605099）。 【4连板】 金时科技（002951）、菲林格尔（603226）。 【3连板】 中嘉博创（000889）、中电鑫 ...

A股午评：创业板指跌0.48% 金属板块走势强劲 金十数据6月6日讯，A股三大指数呈现震荡态势。截止午盘，沪指跌0.06%，深成指跌0.18%，创业板指 跌0.48%。沪深两市半日成交额7467亿，较上个交易日放量324亿。盘面上，全市场下跌个股超2900 只。贵金属板块走势强劲，中润资源、湖南白银双双涨停。海南自贸区午盘前异动拉升，海南瑞泽、海 南高速、罗牛山三股涨停，海南发展跟涨。足球概念延续昨日跌势，金陵体育跌超12%，康力源跌超 11%。美容护理、乳业、饮料制造板块持续回调，诺邦股份、立高食品跌超7%，新乳业、香飘飘、拉 芳家化跟跌。 ...

2、板块概念方面，算力、农药、油气、煤炭等板块领涨；IP经济、美容护理、体育产业、宠物经济等 板块领跌； 3、两市共2091只个股上涨，60只个股涨停；2792只个股下跌，无个股跌停；14只股票炸板，炸板率 25%。 1、市场早间震荡调整，三大指数小幅下跌。算力概念股延续反弹，南凌科技、美利云、宁波建工等涨 停。农药股继续走强，苏利股份、先达股份、长青股份涨停。油气、煤炭等周期股拉升，大有能源、仁 智股份、福达合金等涨停。下跌方面，体育概念股走低，金陵体育、康力源跌超10%。个股跌多涨少， 沪深京三市超2900股飘绿，上午半天成交7633亿。午间收盘沪指跌0.06%，深成指跌0.18%，创业板跌 0.48%。 ...

分析师：张刚 登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 成长行业领涨 A 股小幅波动 ——市场分析 相关报告 联系人： 李智 证券研究报告-市场分析 发布日期：2025 年 06 月 05 日 投资要点： ◼ A 股市场综述 周四（06 月 05 日）A 股市场冲高遇阻、小幅震荡上扬，早盘股指高 开后震荡上行，盘中沪指在 3381 点附近遭遇阻力，午后股指维持震 荡，盘中消费电子、互联网服务、半导体以及通信设备等行业表现 较好；珠宝首饰、美容护理、食品饮料以及化学制药等行业表现较 弱，沪指全天基本呈现小幅震荡上行的运行特征。创业板市场周四 震荡上行，创业板成分指数全天表现强于主板市场。 ◼ 后市研判及投资建议 周四 A 股市场冲高遇阻、小幅震荡上行，早盘股指高开后震荡上 行，盘中沪指在 3381 点附近遭遇阻力，午后股指维持震荡，盘中消 费电子、互联网服务、半导体以及通信设备等行业表现较好；珠宝 首饰、美容护理、食品饮料以及化学制药等行业表现较弱，沪指全 天基本呈现小幅震荡上行的运行特征。当前上证综指与创业板指数 的平均市盈率分别为 13.83 ...