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北交所策略专题报告:开源证券我国核聚变装置运行创新纪录,关注核电行业内北交所11家标的
KAIYUAN SECURITIES· 2025-06-02 05:15
Group 1 - The report highlights a new record in nuclear fusion device operation by the China Nuclear Group, achieving plasma current of 1 million amperes and ion temperature of 100 million degrees, marking significant progress in controlled nuclear fusion technology [2][12][16] - There are currently 11 nuclear power-related companies listed on the Beijing Stock Exchange, with a total market capitalization of 28.921 billion yuan as of May 30, 2025 [2][17][19] - Among these companies, Beikang Instrument (830879.BJ) reported a revenue of 357 million yuan in 2024, a year-on-year increase of 8.57%, and a net profit of 77 million yuan, up 5.99% year-on-year [2][23][19] Group 2 - The report indicates that the average weekly performance of five major industries, including high-end equipment and information technology, showed positive growth, with average increases of +2.20% and +4.34% respectively [3][27] - The average price-to-earnings (P/E) ratio for the information technology sector rose to 89.9X, while the high-end equipment sector's P/E ratio decreased to 42.5X [3][27] - The technology sector saw 111 out of 149 companies increase in value, with an average increase of +2.27%, and the overall market capitalization rose from 437.801 billion yuan to 449.308 billion yuan [4][38][42] Group 3 - The report mentions several recent collaborations and developments, including Tianming Technology's partnership with Hangzhou Zhongzhi High Intelligence for research on robotic drive joints [5][59] - Qingju Technology has provided engineering cost consulting services for multiple nuclear power stations, showcasing its expertise in the nuclear sector [5][59] - Beikang Instrument received a patent for a flexible inclinometer protective component, further enhancing its product offerings in the nuclear power industry [5][59]
北交所策略专题报告:国常会核准10台核电新机组,北交所财报披露收官
KAIYUAN SECURITIES· 2025-05-04 09:29
Group 1 - The State Council approved 10 new nuclear power units, focusing on the scarcity of nuclear power-related stocks in the North Exchange [1][11][13] - The total market value of nuclear-related stocks in the North Exchange is 21.567 billion yuan, covering products such as explosion composite boards, nuclear power cables, and nuclear power fans [1][13] - The new nuclear projects are expected to have a total investment exceeding 200 billion yuan, with 8 out of 10 units adopting the "Hualong One" technology [11][12] Group 2 - The high-end equipment, chemical new materials, and pharmaceutical biology sectors led the market this week, with average price changes of +1.36%, +0.48%, and +3.44% respectively [2][21] - The average P/E ratio for the high-end equipment sector rose to 40.8X, while the pharmaceutical biology sector's average P/E ratio decreased to 36.7X [21][31] Group 3 - In the technology new industry, 95 out of 148 companies saw an increase, with a median price change of +1.05% [3][35] - The median P/E ratio for the technology new industry increased from 50.4X to 51.1X, and the total market value rose from 417.134 billion yuan to 422.433 billion yuan [3][38] Group 4 - The financial report disclosures for the North Exchange have concluded, with several companies reporting significant revenue and profit growth in Q1 2025 [4][58] - For instance, Tongli Co. reported a Q1 2025 revenue of 1.536 billion yuan, up 28.34%, and a net profit of 187 million yuan, up 58.45% [58][59]