量子科技概念股高开，腾景科技涨超10%，吉大正元涨超8%，科大国创、格尔软件、国盾量子纷纷高 开。 ...

以最新收盘价计算，科创板平均股价为40.50元，其中股价超100元的有71只，股价最高的是寒武纪-U。 证券时报·数据宝统计显示，科创板股今日上涨的有156只，下跌的有423只，以收盘价为基准测算，科 创板平均股价为40.50元，其中，收盘价超过100元的有71只，股价在50元至100元之间的有136只，股价 在30元至50元的有145只。 科创板股中，收盘价最高的是寒武纪-U，今日报收1429.50元，上涨4.42%，其次是源杰科技、国盾量子 等，最新收盘价分别为481.50元、380.00元。 科创板百元股中，今日平均下跌0.14%，具体来看，今日上涨的有22只，涨幅居前的有上纬新材、腾景 科技、灿芯股份等。下跌的有49只，跌幅居前的有开普云、普冉股份、浩欧博等。 | 688506 | 百利天恒 | 355.00 | -2.14 | 0.64 | 医药生物 | | --- | --- | --- | --- | --- | --- | | 688617 | 惠泰医疗 | 331.86 | 1.18 | 0.48 | 医药生物 | | 688411 | 海博思创 | 302.48 | 3.77 | 8.57 ...

截至2025年三季度末，基金十大重仓股分别是动力新科、燕东微、北方华创、开普云、华虹半导体、中航沈飞、山大地纬、国盾量子、中科曙光、广发证 券。 前十大重仓股变化 100 - % 80 60 40 20 0 2025Q3 - 广发证券 -●- 山大地纬 -●- 国盾量子 -●- 华虹半导体 -●- 动力新科 -●- 燕东微 - 制图数据来自恒生聚源数据库 核校：沈楠 AI基金永赢国企机遇慧选混合发起A（023824）披露2025年三季报，第三季度基金利润88.67万元，加权平均基金份额本期利润0.0105元。报告期内，基金净 值增长率为1.05%，截至三季度末，基金规模为8497.07万元。 截至10月21日，单位净值为0.975元。基金经理是王文龙，目前管理3只基金。 基金管理人在三季报中表示，报告期内，本基金围绕"估值重塑+成长突围"核心逻辑构建组合，重点布局三大方向：一是资产整合升级的优质国企，重点关 注通过资产注入带来价值重估的机会；二是科技创新型国企，聚焦新质生产力方向、具备产业链链主属性的龙头个股；三是起到稳健持仓的底仓品种。 ...

量子通信、测量商业化加速。国内前沿科研验证领先，应用场景驱动场景落地。以"祖冲之三号"为代表 的科研成果保持世界领先，同时国盾量子等企业在产业化应用、核心硬件取得关键进展。全球量子竞赛 加速，"十五五"政策支持有望加大。建议关注量子信息领域相关投资机会。 ▍事件： 量子计算方面，谷歌和IBM专注超导路线，根据Google Quantum AI，2024年12月，谷歌发布的Willow 处理器拥有105个量子比特，首次证明量子纠错能力的指数级增长，25年9月，首次实验性地证明了"生 成式量子优势"，为量子机器学习开辟了新的可能性。根据IBM官网，2025年6月，IBM推出Loon处理 器，其先进的qLDPC纠错码技术的比特开销降低90%；IonQ专注离子阱，声称在某些特定应用上已经能 够展现出"商业优势"，根据证券时报，2025年5月和9月，英伟达分别完成对Quantinuum（离子阱）和 PsiQuantum（光量子技术子）的投资。 量子通信方面，根据IDQ官网，2025年2月，IDQ与电信巨头Turkcell合作完成了全球首次陆地洲际QKD 传输；根据量科网，2025年4月，东芝成功在现有商用光纤网络上实现 ...

Group 1 - The report highlights that Guoshield Quantum has achieved significant revenue growth, with a 90.27% year-on-year increase in revenue for the first three quarters of 2025, leading to a substantial reduction in losses [3][4] - The company’s revenue for Q3 2025 reached 68.36 million yuan, marking a 126.52% increase year-on-year, while the net profit attributable to shareholders narrowed to a loss of 2.68 million yuan [3][4] - The quantum computing sector is entering a phase of rapid expansion, with major players like Google and IBM launching quantum computing cloud services, and the global quantum computing market projected to grow from 5.037 billion USD in 2024 to 21.998 billion USD by 2030 [5][6] Group 2 - Lianlong's revenue for the first three quarters of 2025 was 4.509 billion yuan, reflecting a year-on-year increase of 5.72%, while net profit attributable to shareholders rose by 24.92% to 392 million yuan [12][13] - The company’s Q3 2025 performance showed a strong year-on-year growth in net profit of 60.83%, driven by stable demand for anti-aging agents and lubricating oil additives [14][15] - The report indicates that the AI industry is expected to drive demand for anti-aging agents and lubricating oil additives, particularly in data centers and robotics [16] Group 3 - The coal industry saw a 1.8% year-on-year decline in raw coal production in September 2025, although the decline was less severe than in August, indicating a gradual recovery [18][20] - Electricity production in September 2025 showed a stable growth of 1.5% year-on-year, with significant increases in hydropower generation [19][20] - The report notes that the coal price has slightly increased in September, with the average price for Qinhuangdao 5500 kcal coal remaining stable compared to August [26][27] Group 4 - The cloud computing industry is transitioning towards intelligence, with the IaaS market expected to reach nearly 800 billion yuan by 2029, driven by AI applications [28][30] - Major cloud providers are increasing capital expenditures significantly to enhance AI infrastructure, with Microsoft’s AI services contributing 16 percentage points to Azure's growth in Q2 2025 [31][32] - The report emphasizes that AI is becoming the core driver of growth in the cloud computing sector, with a shift in focus from infrastructure to application layers [34]

（文章来源：证券时报网） Wind统计显示，10月20日，科创板两融余额合计2469.04亿元，较上一交易日减少11.4亿元。其中，融 资余额合计2460.45亿元，较上一交易日减少11.48亿元；融券余额合计8.59亿元，较上一交易日增加0.08 亿元。 从个股来看，10月20日有215只科创板个股获融资净买入，净买入金额在2000万元以上的有13只。其 中，寒武纪获融资净买入额居首，净买入3.68亿元；融资净买入金额居前的还有澜起科技、拓荆科技、 国盾量子、南网科技、中芯国际、萤石网络等股。 ...

Core Viewpoint - The average stock price of the STAR Market is 39.55 yuan, with significant price variations among stocks, indicating a diverse performance landscape in the market [1]. Group 1: Stock Performance - A total of 447 stocks on the STAR Market rose today, while 137 stocks fell [1]. - The highest closing price was recorded by Cambrian-U at 1281.12 yuan, which increased by 2.68% [1]. - Among stocks priced over 100 yuan, the average increase was 1.13%, with 47 stocks rising and 22 stocks falling [1]. - The average premium of stocks priced over 100 yuan relative to their issue price is 404.10%, with Cambrian-U, Anji Technology, and Haibo Sichuang leading in premium rates at 1889.63%, 1502.17%, and 1405.31% respectively [1]. Group 2: Industry Concentration - The industries with the highest concentration of stocks priced over 100 yuan include Electronics (34 stocks), Pharmaceuticals and Biology (11 stocks), and Computers (9 stocks) [1]. Group 3: Capital Flow - The net outflow of main funds from stocks priced over 100 yuan today was 5.07 billion yuan, with significant inflows into stocks like Source Technology and GuoDun Quantum [2]. - The total margin balance for stocks priced over 100 yuan is 877.14 billion yuan, with major balances held by SMIC, Cambrian-U, and Haiguang Information [2].

山证资管精选行业混合发起式A（018750）成立日期2023年12月26日，最新规模1099.56万。今年以来收 益4.15%，同类排名6839/8234；近一年收益9.43%，同类排名5982/8095；成立以来收益17.09%。 10月20日，国盾量子涨5.01%，截至发稿，报395.67元/股，成交8.32亿元，换手率2.71%，总市值406.99 亿元。 资料显示，科大国盾量子技术股份有限公司位于安徽省合肥市高新区华佗巷777号科大国盾量子科技 园，成立日期2009年5月27日，上市日期2020年7月9日，公司主营业务涉及量子通信产品的研发、生 产、销售及技术服务,为各类光纤量子保密通信网络以及星地一体广域量子保密通信地面站的建设系统 地提供软硬件产品,为政务、金融、电力、国防等行业和领域提供组网及量子安全应用解决方案。主营 业务收入构成为：相关技术服务35.68%，量子通信产品34.31%，量子精密测量产品13.03%，量子计算 产品12.42%，其他(补充)4.56%。 从基金十大重仓股角度 数据显示，山证资管旗下1只基金重仓国盾量子。山证资管精选行业混合发起式A（018750）二季度增 持200 ...

截至9月30日，国盾量子股东户数2.17万，较上期增加12.24%；人均流通股3711股，较上期减少 10.91%。2025年1月-9月，国盾量子实现营业收入1.90亿元，同比增长90.27%；归母净利润-2646.96万 元，同比增长51.98%。 分红方面，国盾量子A股上市后累计派现960.00万元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，国盾量子十大流通股东中，香港中央结算有限公司位居第十大流 通股东，持股111.47万股，为新进股东。广发多因子混合（002943）退出十大流通股东之列。 资金流向方面，主力资金净流入1370.96万元，特大单买入9347.20万元，占比17.93%，卖出1.17亿元， 占比22.47%；大单买入1.78亿元，占比34.08%，卖出1.40亿元，占比26.92%。 国盾量子今年以来股价涨28.87%，近5个交易日跌0.04%，近20日涨32.51%，近60日涨41.97%。 资料显示，科大国盾量子技术股份有限公司位于安徽省合肥市高新区华佗巷777号科大国盾量子科技 园，成立日期2009年5月27日，上市日期2020年7月9日，公司主营业务涉及 ...

Summary of Quantum Technology Conference Call Industry Overview - The quantum technology industry is divided into three main branches: quantum computing, quantum communication, and quantum measurement [2][3] - The development of quantum technology can be categorized into three stages: theoretical foundation (early 20th century to 1980), technological exploration (1990 to 2018), and product breakthroughs (2018 to present) [1][2] Key Companies and Developments - Major companies like Google and IBM have launched practical prototypes, including Google's 53-qubit superconducting chip and IBM's System One [3] - In 2024, significant breakthroughs are expected from technologies such as China's Long Number and Google Vivo chips [1][3] - GuoDun Quantum's products include the world's first quantum secure communication satellite "Mozi," ground networks, and miniaturized ground station equipment [2][24] Market Growth and Financials - GuoDun Quantum is projected to generate approximately 350 million RMB in revenue in 2025, with a net profit of over 20 million RMB [2][27] - The quantum computing market is expected to reach tens of billions of dollars by 2030 and potentially hundreds of billions by 2035, depending on technological advancements [18] Technological Insights - Quantum entanglement allows for strong correlations between multiple quantum systems, which is crucial for simulating complex interactions in new material and drug development [2][10] - Quantum superposition enables a quantum bit to exist in multiple states simultaneously, leading to exponential growth in computational capacity [9] Challenges and Future Directions - The transition from classical computing to quantum computing is driven by limitations in classical systems, such as the "quantum tunneling" effect that restricts performance [5][6] - Current challenges include the "decoherence" problem, which affects computational accuracy and efficiency due to environmental factors [15] - Companies are exploring specialized machines and hybrid algorithms to facilitate the practical application of quantum computing [16] Global Competitiveness - The U.S. and China are leading in quantum technology research, with the U.S. having a higher proportion of highly cited papers and patents [19] - China is investing heavily in quantum communication infrastructure, with significant resources allocated to build a secure quantum internet [20][22] Applications and Industry Impact - GuoDun Quantum is actively exploring applications in government, finance, and electricity sectors, with products aimed at secure communication and data encryption [28] - The company has developed various terminal products and partnered with China Telecom to offer encrypted office applications, reaching millions of users nationwide [28] Conclusion - The quantum technology industry is poised for significant growth, driven by advancements in quantum computing and communication, with companies like GuoDun Quantum at the forefront of innovation and application development [1][27]