zhuhaibin@kysec.cn 证书编号：S0790522080007 北交所上市"后备军"217 家，分布在高端装备、TMT 等新质生产力行业中 截至 2026 年 1 月 20 日，北交所已有 217 家公司获受理，待上会企业 167 家，覆 盖高端装备（71 家）、TMT（29 家）、化工新材料（35 家）、消费（21 家）、生 物医药（13 家）等多元细分领域。受理和辅导中公司中，包含了一些新质生产 力公司，我们从中首选专精特新、单项冠军企业、"独角兽"企业。同时，我们 也着重关注氢能源、商业航天、低空经济等行业。 后备军筛选系列已 29 期，筛选出一批已经上市的新质生产力公司 北交所策略专题报告 2026 年 01 月 26 日 优中选优，布局营收超 10 亿、利润过亿的成长领军者华晟智能等 ——北交所策略专题报告 北交所研究团队 在 2025 年北交所上市的 26 家公司中，本系列报告我们优选出星图测控、开发科 技、天工股份、广信科技、酉立智能、志高机械、宏远股份、能之光、三协电 机、世昌股份、锦华新材、江天科技等。其余优选公司中已过会公司包括：英氏 控股、雅图高新、金钛股份、新恒泰、原力数 ...

*ST奥维2025年半年报显示，公司业务涵盖通信设备制造和金属制品。通信设备制造业务方面，公司是 一家从事军队电子信息化、音视频指挥系统、网络通信等业务领域，并提供专业解决方案的重点高新技 术企业。公司金属制品业务属于金属制品行业的细分领域——金属包装材料行业，其下游为金属包装容 器行业。 公告显示，公司2025年前三季度共实现营业收入约3400.25万元，归属于上市公司股东的净利润约-1.88 亿元。 公司同时提示，因触及交易类强制退市情形而终止上市的股票不进入退市整理期，请广大投资者注意投 资风险。 公告显示，公司2024年度营业收入约为2.91亿元，归属于上市公司股东的净利润为-4611.47万元；容诚 会计师事务所（特殊普通合伙）对公司2024年度财务报告出具了无法表示意见的审计报告。公司触及 《深圳证券交易所股票上市规则》第9.3.1条（一）及（三）的规定，公司股票交易自2025年4月29日起 被实施退市风险警示。 1月15日晚，*ST奥维公告称，公司股票当日收盘价格为0.99元/股，若公司股票连续二十个交易日收盘 价均低于1元，公司股票将被深圳证券交易所终止上市交易。 此外，截至2026年1月15 ...

Group 1 - The stock price of *ST Aowei has fallen below 1 yuan, closing at 0.99 yuan per share, which triggers a warning for potential delisting if the price remains below 1 yuan for twenty consecutive trading days [1] - The total market capitalization of the company has been below 500 million yuan for ten consecutive trading days, and if it remains below this threshold for another twenty days, it will face delisting from the Shenzhen Stock Exchange [1] - The company reported an estimated operating revenue of approximately 291 million yuan for the fiscal year 2024, with a net profit attributable to shareholders of -46.11 million yuan, and received an audit report with no opinion from Rongcheng Accounting Firm [1] Group 2 - In the first three quarters of 2025, the company achieved an operating revenue of approximately 34.02 million yuan, with a net profit attributable to shareholders of approximately -188 million yuan [2] - The company operates in the communication equipment manufacturing sector, focusing on military electronic information, audio-video command systems, and network communication, and also engages in the metal packaging materials industry [2]

Core Viewpoint - *ST Aowei is at risk of being delisted from the Shenzhen Stock Exchange due to its stock price and market capitalization falling below the required thresholds [2][3] Group 1: Stock Performance and Delisting Risk - On January 15, *ST Aowei announced that its stock closed at 0.99 yuan per share, and if it remains below 1 yuan for twenty consecutive trading days, it will face delisting [2] - As of January 15, 2026, the company's total market capitalization has been below 500 million yuan for ten consecutive trading days, which could also lead to delisting if this condition persists for twenty days [2] - Stocks that are delisted due to trading-related mandatory delisting conditions will not enter a delisting adjustment period, highlighting the urgency for investors [2] Group 2: Financial Performance - For the fiscal year 2024, *ST Aowei projected a revenue of approximately 291 million yuan, with a net loss attributable to shareholders of approximately 46.11 million yuan [2] - The company received an audit report from Rongcheng Accounting Firm indicating a disclaimer of opinion for its 2024 financial statements [2] - In the first three quarters of 2025, *ST Aowei reported revenues of about 34.02 million yuan and a net loss of approximately 188 million yuan attributable to shareholders [3] Group 3: Business Overview - *ST Aowei operates in the communication equipment manufacturing and metal products sectors, focusing on military electronic information, audio-video command systems, and network communication [3] - The metal products segment is specifically involved in the metal packaging materials industry, serving the downstream metal packaging container sector [3]

新三板市场筛选功能优化 据《证券日报》记者梳理，上述145家公司整体呈现出一些共性。 本报记者 孟珂 北交所上市"后备军"高质量扩容。Wind资讯数据显示，今年前5个月，共有145家公司登陆新三板，同比增长49.48%。其 中，已有多家公司启动了北交所上市辅导工作。新挂牌公司2024年营业收入均值超10亿元、归母净利润均值为6597万元。 南开大学金融学教授田利辉向《证券日报》记者表示，今年新三板挂牌数量增长与北交所深改19条等政策支持、中小企业 融资需求旺盛和制度优化下北交所吸引力增强等因素有关。"当前，北交所与新三板一体发展保持良好态势，能够优化资本市 场结构，服务专精特新企业，推动我国经济高质量发展。" 北京南山京石投资有限公司创始人周运南在接受《证券日报》记者采访时表示，近年来，新三板新增挂牌企业数量和质量 明显提升，吸引了越来越多细分行业的龙头和专精特新企业，主要原因在于，对比其他交易所，北交所市场估值的提升和交易 的活跃，增强了北交所市场吸引力，因此不少潜力企业直接选择借道挂牌新三板直通北交所路径，实现上市目标。 加力支持小微企业融资 今年以来，高层不断推动北交所、新三板高质量发展，提升对创新型中 ...