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华为折叠屏+韩国反倾销,北交所个股冰火两重天

发布于 2025-09-08

<p data-pm-slice="0 0 []"><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">以下是对提供的文档《北交所定期报告 20250904》的详细内容总结。这份报告由东吴证券发布,聚焦于北京证券交易所(北交所)市场的最新动态。报告内容包括资本市场新闻、行业新闻、市场表现、公司公告、今日新股和风险提示等部分。</span></span></span></span></p><h3 data-slate-node="element" data-block-id="O0PDbZHjXT" style="" data-dir-key="O0PDbZHjXT"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">详细内容总结</span></span></strong></span></span></h3><h4 data-slate-node="element" data-block-id="EQhLIQMxRi" style="" data-dir-key="EQhLIQMxRi"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">1. 资本市场新闻</span></span></strong></span></span></h4><p><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">这两条新闻涉及国家政策层面,可能对产业发展和市场情绪产生影响:</span></span></span></span></p><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">国家标准委计划</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:</span></span></span></span></li></ul><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">事件</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:2025年9月4日,国家标准委员会宣布将加速制造业升级,聚焦关键领域和薄弱环节。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">内容细节</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:&nbsp;</span></span></span></span></section></li></ul><ul style="list-style-type: square;margin-left: 16px;margin-right: 16px;" class="list-paddingleft-1"><li><section style="text-indent: 0px;"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">领域</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:重点围绕人工智能(AI)、物联网(IoT)、循环利用、能耗能效、新材料、高端装备等领域。</span></span></span></span></section></li><li><section style="text-indent: 0px;"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">标准数量</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:预计制修订国家标准4000余项。</span></span></span></span></section></li><li><section style="text-indent: 0px;"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">实施措施</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:加强标准应用监测(如产业、财政、金融、税收政策协同),确保标准发挥效能。</span></span></span></span></section></li></ul><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">潜在影响</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:利好AI、物联网相关产业,推动技术创新和产业标准化,可能提升相关北交所中小企业的竞争力。</span></span></span></span></section></li></ul><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">国务院办公厅(国办)体育消费意见</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:</span></span></span></span></li></ul><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">事件</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:国办公布《关于释放体育消费潜力进一步推进体育产业高质量发展的意见》。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">内容细节</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:&nbsp;</span></span></span></span></section></li></ul><ul style="list-style-type: square;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><section style="text-indent: 0px;"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">目标</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:到2030年,体育产业总规模超过7万亿元,培育具有全球影响力的体育企业和赛事。</span></span></span></span></section></li><li><section style="text-indent: 0px;"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">企业重点</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:&nbsp;</span></span></span></span></section></li></ul><ol style="list-style-type: lower-alpha;margin-left: 48px;margin-right: 48px;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">做大做强体育企业:支持民营企业投资建设,推动补链延链强链;扩大规模以上体育企业数量,培育专精特新企业。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">场馆转型:鼓励公共体育场馆进行绿色、低碳、智能改造,符合条件的场馆设备纳入设备更新支持范围。</span></span></span></span></section></li></ol><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">消费促进</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:在安全前提下,开展低空运动(如航空模型运动、模拟飞行等赛事),促进“低空体育消费”。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">潜在影响</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:提振体育产业和智能转型类企业(如北交所相关公司),可能拉动消费升级相关主题股票的需求。</span></span></span></span></section></li></ul><h4 data-slate-node="element" data-block-id="6s8vANaaMA" style="" data-dir-key="6s8vANaaMA"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">2. 行业新闻</span></span></strong></span></span></h4><p><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">这部分关注特定行业事件,可能带来短期市场波动:</span></span></span></span></p><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">韩国对中国单模光纤征收临时反倾销税</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:</span></span></span></span></li></ul><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">事件</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:2025年9月4日,韩国企划财政部发布公告(编号2025-179)。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">内容细节</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:&nbsp;</span></span></span></span></section></li></ul><ul style="list-style-type: square;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">实施</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:对原产于中国的单模光纤征收为期4个月的临时反倾销税(税率43.35%)。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">受影响企业</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:江苏亨通光电、长飞光纤光缆、杭州金星通光纤科技及其关联企业,以及其他中国生产商/出口商。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">时间范围</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:2025年9月19日~2026年1月18日。</span></span></span></span></section></li></ul><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">潜在影响</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:贸易摩擦加剧,利空光纤行业相关北交所公司(如可能涉及出口依赖型中小企业),可能导致盈利能力承压。</span></span></span></span></section></li></ul><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">华为全场景新品发布会</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:</span></span></span></span></li></ul><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">事件</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:2025年9月4日,在深圳召开。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">内容细节</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:&nbsp;</span></span></span></span></section></li></ul><ul style="list-style-type: square;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><section style="text-indent: 0px;"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">产品发布</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:&nbsp;</span></span></span></span></section></li></ul><ol style="list-style-type: lower-alpha;margin-left: 48px;margin-right: 48px;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">手机</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:华为Mate XS非凡大师,首次搭载PC应用的三折登屏手机。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">电视</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:首款MateTV,搭载旗舰级芯片(性能提升490%)、HarmonyOS 5、支持灵犀悬浮触控和大型手游。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">平板</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:首款小屏旗舰平板(8.8英寸OLED柔性屏),搭载鸿蒙OS 5.1,支持插卡通话、灵犀通信和无界笔记等功能。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">耳机</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:新款FreeBuds 7i,搭载智慧动态降噪4.0技术和高清空间音频。</span></span></span></span></section></li></ol><ul style="list-style-type: square;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">强调点</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:华为常务董事余承东主持发布,突出技术创新(如折叠屏和鸿蒙系统升级)。</span></span></span></span></section></li></ul><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">潜在影响</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:利好消费电子相关产业链(如北交所的鸿蒙概念、物联网或硬件供应商公司),可能刺激科技板块短期热度。</span></span></span></span></section></li></ul><h4 data-slate-node="element" data-block-id="PAJLHUFgTG" style="" data-dir-key="PAJLHUFgTG"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">3. 市场表现</span></span></strong></span></span></h4><p><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">本节提供2025年9月4日当天的市场数据(北交所为主):</span></span></span></span></p><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">整体市场行情回顾</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:</span></span></span></span></li></ul><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">股指表现</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:多数股指下跌,显示市场回调。&nbsp;</span></span></span></span></section></li></ul><ul style="list-style-type: square;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">科创50指数:下跌6.09%(跌幅最大)。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">沪深300指数:下跌2.12%。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">A股指数:下跌1.25%(上证指数同步下跌1.25%)。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">创业板指:下跌4.25%。</span></span></span></span></section></li></ul><section style="margin-left: 32px;margin-right: 32px;"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">北证50指数(核心关注)</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:下跌0.80%,相对其他股指跌幅较小,显示北交所有一定韧性。</span></span></span></span></section><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">市场趋势</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:报告附图表(图1)显示,自2025年7月以来沪深A股成交额波动(从2025/07/06的15,000亿元降至2025/09/04的约10,000亿级水平),北交所A股成交额呈上升趋势。</span></span></span></span></section></li></ul><figure><section style="text-align: center;" nodeleaf=""><img class="rich_pages wxw-img" data-imgfileid="100044742" data-s="300,640" data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwnibvXV3icCunbLOBibwCvXbibzd3OH6Lp5Ry1sKjEs3THo19KnoyBoAzGpiaL6mwS4FqQ3ERFqnd0pYGQ/640?wx_fmt=png&amp;from=appmsg" data-type="png" type="block" /></section></figure><p><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="n" data-slate-length="0"></span></span></span></p><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">北交所板块具体表现</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:</span></span></span></span></li></ul><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">成分股与市值</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:截至2025年9月4日。&nbsp;</span></span></span></span></section></li></ul><ul style="list-style-type: square;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">北交所成分股总数:274家。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">公司平均市值:33.18亿元。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">成交额:379.60亿元,较前一交易日增加59.44亿元(环比增长约19.1%),显示成交活跃度提升。</span></span></span></span></section></li></ul><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">个股表现</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:&nbsp;</span></span></span></span></section></li></ul><ul style="list-style-type: square;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">上涨个股</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:共计191只上涨(比例约70%)。&nbsp;</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">涨幅前三</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:&nbsp;</span></span></span></span></section></li></ul><ol style="list-style-type: lower-alpha;margin-left: 48px;margin-right: 48px;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">宏裕包材:上涨29.99%(锂电池概念、专精特新)。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">天宏锂电:上涨29.99%(锂电池、储能)。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">力佳科技:上涨29.98%(智能穿戴、安防)。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">其他领涨股:润普食品(29.97%)、鸿智科技(29.97%)。</span></span></span></span></section></li></ol><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">下跌个股</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:表现较弱。&nbsp;</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">跌幅前三</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:&nbsp;</span></span></span></span></section></li></ul><ul style="list-style-type: square;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">舜宇精工:下跌13.18%。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">荣亿精密:下跌12.21%。</span></span></span></span></section></li><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">同惠电子:下跌9.95%。</span></span></span></span></section></li></ul><ul style="list-style-type: circle;" class="list-paddingleft-1"><li><section><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">板块分布</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:&nbsp;</span></span></span></span></section></li></ul><ul style="list-style-type: square;" class="list-paddingleft-1"><li><section style="margin-left: 32px;margin-right: 32px;"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">涨幅前五股主要涉及锂电池概念、专精特新、人民币贬值受益、物联网、鸿蒙概念等(如宏裕包材属国企改革相关,鸿智科技属跨境电商)。</span></span></span></span></section><section style="text-align: center;" nodeleaf=""><img class="rich_pages wxw-img" data-imgfileid="100044743" data-s="300,640" data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwnibvXV3icCunbLOBibwCvXbibzDvib4r760dpDa2k19eatR3zNjoJdicnqymvHeGJ5gP0X2qou791MEyHA/640?wx_fmt=png&amp;from=appmsg" data-type="png" type="block" /></section></li></ul><figure></figure><p><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="n" data-slate-length="0"></span></span></span></p><h4 data-slate-node="element" data-block-id="Nyl8EJYRB2" style="" data-dir-key="Nyl8EJYRB2"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">4. 公司公告</span></span></strong></span></span></h4><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">内容</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:报告中明确标明“公司公告:暂无相关公告”,表示2025年9月4日没有值得报告的北交所上市公司新公告(如业绩预告或重大事项)。</span></span></span></span></li></ul><h4 data-slate-node="element" data-block-id="5TrEDbUUWS" style="" data-dir-key="5TrEDbUUWS"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">5. 今日新股</span></span></strong></span></span></h4><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">内容</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:报告中标明“今日新股:暂无”,表示当天没有新公司在北交所上市或新股发行计划被披露。</span></span></span></span></li></ul><h4 data-slate-node="element" data-block-id="rVKzyHo1mN" style="" data-dir-key="rVKzyHo1mN"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">6. 风险提示</span></span></strong></span></span></h4><p><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">报告中列出多项潜在风险,提醒投资者谨慎:</span></span></span></span></p><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">个股盈利不及预期:可能由于竞争或宏观因素导致公司业绩下滑。</span></span></span></span></li></ul><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">行业竞争加剧:如体育或科技行业的竞争格局恶化。</span></span></span></span></li></ul><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">贸易摩擦加剧:如韩国反倾销税案例,或可能扩展到其他领域。</span></span></span></span></li></ul><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">政策不及预期:例如,体育产业政策或标准制修订的实际执行效果不明朗。</span></span></span></span></li></ul><ul class="list-paddingleft-1"><li><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-zero-width="z" data-slate-length="0"></span></strong></span><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">其他隐含风险</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-zero-width="z" data-slate-length="0"></span></span><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">:市场波动(如近期股指回调)、突发事件影响等。</span></span></span></span></li></ul><p style="display: none;"><mp-style-type data-value="3"></mp-style-type></p>

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