20230506-西南证券-北交所周报_23Q1板块业绩稳步增长_单日成交额创3月以来新高_19页_2mb

Summary

• Market Performance: In the period April 24- May 5, 2023, the North Stock Exchange (North Stock) experienced mixed results, with a decline of approximately 22% in April and a rise of about 23% in May. It outperformed the market and ChiNext in May but underperformed in April. Overall, the exchange ran at a market value of 25,782 billion yuan by May 5, as compared to 25,230 billion yuan the previous week.

• Stocks: Of the 191 stocks in the North Stock base (including new issues), 127 saw gains, with gains bounded by massive movements such as 565% and -187%. Top gainers included companies like the Jin Hao Medical, covering healthcare and technology;Top losers included companies like Ruipu Food, with agriculture sector impacts.

• New Listings: Two new stocks were added; Min士达 with a 687% increase on its first day, and Zhong Yu Technology with no change.

• Fund Performance: Thematic funds performed strongly, with the华夏 North Exchange Innovation SME Fund showing a gain of around 108%. Index funds lagged, with招商 North 50 Index showing a slight loss.

• Company Earnings: In Q1 2023, 164 North Stock companies were profitable, with 115 seeing revenue growth and 99 seeing net profit growth. Earnings recovery was better than comparison with other sectors.

• News: All 191 North Stock companies filed 2022 annual reports, showing steady growth amid macro challenges. Discussion on REITs expansion was highlighted to support high-quality market expansion.

• Risks: Potential policy changes, liquidity issues, and unexpected declines in corporate earnings are key risks.