本周整体表现承压，新股上市首秀亮眼 ——北交所周报（6.23-6.28） 评级： 增持（维持） 分析师：冯胜 执业证书编号：S0740519050004 Email：fengsheng@zts.com.cn 分析师：向兰 执业证书编号：S0740525020002 Email：xianglan@zts.com.cn | 上市公司数 | 268 | | --- | --- | | 行业总市值(亿元) | 8,466.47 | 最近一年北证 50 VS 沪深 300 单相击关或报点击告此处输入文字。 北交所 证券研究报告/行业定期报告 2025 年 07 月 04 日 报告摘要 北交所行情概览： 1）整体行情：截至 2025 年 6 月 28 日，北证成份股 268 个，平均市值 31.39 亿元。 本周北证 50 指数涨跌幅 6.84%，收盘 1439.63 点；同期沪深 300、创业板指、科创 50 涨跌幅分别为 1.95%、5.69%、3.17%。 2）赛道行情：本周 A 股涨幅前五的行业为计算机、国防军工、非银金融、通信、电 子设备/有色金属，涨幅分别为 7.70%、6.90%、6.66%、5.53%、5 ...

首次修订《北证指数计算与维护细则》，北证 50 成分迎来调整 ——北交所点评报告 评级： 增持（维持） 执业证书编号：S0740524040002 分析师：冯胜 执业证书编号：S0740519050004 Email：yangshuai01@zts.com.cn | 上市公司数 | 266 | | --- | --- | | 行业总市值(亿元) | 8,070.11 | | 行业流通市值(亿元) | 4,845.83 | Email：fengsheng@zts.com.cn 分析师：杨帅 1、《北证 50 周涨幅超三大指数，国 家级经开区为"投资中国"首选》 2025-06-03 2、《多部委联合印发文件支持小微企 业发展，北交所交易热度持续》 2025-05-27 3、《证监会等八部委：支持符合条件 的小微企业在新三板挂牌，规范成长 后到北交所上市》2025-05-27 北交所 证券研究报告/行业点评报告 2025 年 06 月 04 日 报告摘要 北交所首次修订《北证指数计算与维护细则》 1）2025 年 5 月 30 日，北交所发布关于修订《北证指数计算与维护细则》（以下简称 《细则》）的通知，此次修订 ...

4月29日，纳思达股份有限公司(002180.SZ)披露2025年第一季度报告。报告期内，公司实现营业收入 59.27亿元，归属于上市公司股东的净利润0.84亿元，扣除非经常性损益后净利润0.80亿元。 此外，纳思达打印耗材业务积极打造新的业务增长点，海外市场在南美、欧洲、澳洲、亚太等多个市场 成功开拓规模较大的新客户，带来了高价值增量，为未来市场占有率及利润的良性增长打下坚实基础。 在集成电路业务方面，今年开年以来纳思达旗下极海微先后发布BMP561单节电池电量监测计芯片、基 于Arm架构的实时控制MCU——G32R501、与广汽集团联合发布的AK2超声波传感器芯片与双通道 DSI3网络收发器芯片等多项国产首款芯片。极海微在集成电路市场上的认可度也得到持续攀升，纳思 达集成电路业务2025年一季度总体芯片出货量达1.25亿颗，同比增长9.38%，其中非耗材芯片营收1.04 亿元，同比增长58.52%。 最新消息显示，纳思达已经在为人形机器人公司宇树科技提供超声波雷达技术测障碍物的设计集成服 务，项目正处于产品验证阶段。而早在今年4月举办的OFweek 2025 中国机器人产业大会上，极海微已 作为国产机器人 ...

证券研究报告 | 北交所定期报告 | | --- | hyzqdatemark 2025 年 04 月 28 日 证券分析师 赵昊 SAC：S1350524110004 zhaohao@huayuanstock.com 万枭 SAC：S1350524100001 wanxiao@huayuanstock.com 低空经济商业化路径逐渐清晰，关注威贸电子等北交所低空经济产业企业 ——北交所科技成长产业跟踪第二十三期（20250427） 投资要点： 请务必仔细阅读正文之后的评级说明和重要声明 源引金融活水 润泽中华大地 内容目录 | 1. | 2024 年我国低空装备取得诸多创新性成果，低空经济商业化路径逐渐清晰 | 5 | | --- | --- | --- | | 2. | 总量：北交所科技成长股股价涨跌幅中值-3.48% | 10 | | 3. | 行业：信息技术产业市盈率 TTM 中值-1.45%至 38.0X 11 | | | 4. | 公告：浩淼科技拟在新加坡投资设立一家全资子公司 16 | | | 5. | 风险提示 | 17 | 请务必仔细阅读正文之后的评级说明和重要声明 第 2页/ 共 18页 ...

Investment Rating - The report indicates a positive investment outlook for the ultrasonic fingerprint recognition industry in China, highlighting significant growth potential and opportunities for domestic manufacturers [5][8]. Core Insights - The ultrasonic fingerprint recognition technology has a promising market outlook, driven by increasing consumer demand for secure and convenient biometric solutions in smartphones and other electronic devices [5][6]. - The market for ultrasonic fingerprint recognition is still considered a blue ocean, with major players like Qualcomm and Goodix holding over 90% market share, indicating ample room for growth and competition [7][8]. - The industry is expected to experience substantial growth, with the market size projected to increase from 3.57 billion yuan in 2025 to 14.53 billion yuan by 2030, reflecting a compound annual growth rate (CAGR) of 32.41% [8][37]. Summary by Sections Industry Overview - The report provides a comprehensive overview of the ultrasonic fingerprint recognition industry in China, detailing the supply chain and market size development [2][5]. Market Dynamics - The demand for high-quality biometric solutions is rising, with ultrasonic fingerprint recognition poised to become a leading technology following optical fingerprint recognition [5][6]. - The core component of ultrasonic fingerprint recognition modules is the ultrasonic sensor, which plays a crucial role in identity verification by analyzing three-dimensional images of fingerprints [6][14]. Competitive Landscape - The current market is dominated by Qualcomm and Goodix, which together account for over 90% of the market share, indicating a concentrated competitive environment [7][8]. - The report notes that the domestic production of ultrasonic sensors is accelerating, which will support the development of downstream module packaging manufacturers [12][19]. Market Growth Projections - The ultrasonic fingerprint recognition module market is expected to grow significantly, driven by the acceleration of domestic production processes and decreasing costs, which will expand market applications [8][37]. - The market size is projected to grow from 3.57 billion yuan in 2025 to 14.53 billion yuan by 2030, with a CAGR of 32.41% [37][38]. Application Trends - Smartphones are identified as the primary application area for ultrasonic fingerprint recognition modules, with a notable trend towards higher screen-to-body ratios in devices, creating opportunities for this technology [29][30]. - The penetration of ultrasonic fingerprint recognition technology is gradually moving from high-end to mid-range smartphones, indicating a broadening market reach [35].