Group 1: Haier Biomedical - The overseas revenue distribution is as follows: Europe 40%, Africa 30%, Asia 20%, and America 10% [1] - The low-temperature storage market share is less than 10%, while smart medication and laboratory solutions show strong growth [1] - The company aims for a revenue growth target of 15%-30% through continuous implementation of co-creation strategies [1] - Domestic large project funnel growth is at 38%, with medical projects growing nearly 200% and pharmaceutical growth at 118% [1] - The company focuses on mergers and acquisitions to enhance value, targeting a double-digit capital return rate for subsidiaries in 2024 [1] Group 2: Tuojing Life - The company’s subsidiary, Hebei Tuojing, focuses on invasive fungal disease detection and has completed restructuring and integration [2] - The industry is significantly impacted by centralized procurement policies, with expectations for growth in self-immune testing, HPV screening, and thrombosis detection [2] - The company has made an asset impairment provision of approximately 13.44 million yuan, mainly due to bad debt losses and inventory adjustments [2] - The company seeks projects with clear clinical application value and technological innovation in the in vitro diagnostics field [2] Group 3: GuoDun Quantum - Quantum communication is transitioning from point applications to information security infrastructure construction, with operators investing in network construction [3] - China leads globally in quantum satellite communication, having launched multiple quantum satellites [3] - The company emphasizes independent research and development while collaborating with research institutions to incubate commercially viable products [3] - Quantum computing hardware sales cycles range from six months to a year, with service revenue being a smaller proportion [3] - The company is focused on building a complete ecosystem through cooperation, highlighting the importance of both hardware and software [3]

Investment Rating - The report suggests a positive outlook for the quantum computing industry, highlighting significant growth potential driven by domestic capabilities and international competition [3]. Core Insights - Quantum computing is positioned to break through computational bottlenecks, with major companies like Google and IBM planning to scale quantum bits to millions by 2030 [5][21]. - The industry is entering a critical application demonstration phase, with a shift in control among leading companies facilitating commercialization [27]. - The report emphasizes the importance of upstream core devices, particularly dilution refrigerators and measurement control systems, as key areas for investment [3][39]. Summary by Sections Section 1: Quantum Computing, The Future is Coming - Quantum computing is expected to overcome computational limitations, with hardware comprising multiple layers including quantum data and measurement control [11]. - The principle of quantum superposition allows quantum bits to represent multiple states simultaneously, enhancing computational power exponentially [19][20]. Section 2: Quantum Computing as a Battleground Between China and the US - The global quantum computing market is projected to grow significantly, with a CAGR of 87.64% from 2024 to 2030, reaching $21.998 billion [26]. - The US has imposed restrictions on the export of quantum information products to China, making self-sufficiency in quantum technology essential for China [34][36]. Section 3: Industry Sentiment is Turning, Focus on Dilution Refrigerators and Measurement Control Systems - The upstream segment of the quantum computing industry accounts for 40% of the market, with significant growth expected in measurement control systems and dilution refrigerators [42]. - Key companies in the quantum computing sector have shown rapid revenue growth, indicating a turning point in industry sentiment [52]. Section 4: Investment Recommendations - Companies like Guandun Quantum and Hexin Instruments are highlighted as key players in the quantum computing landscape, with strategic moves to enhance their market positions [3][39].

国泰海通证券股份有限公司 关于 科大国盾量子技术股份有限公司 收购报告书 之 2025 年二季度持续督导意见 财务顾问 二〇二五年八月 声明 国泰海通证券股份有限公司（以下简称"国泰海通"、"本财务顾问"） 接受委托，担任中电信量子信息科技集团有限公司（以下简称"中电信量子集 团"、"收购人"）及其一致行动人收购科大国盾量子技术股份有限公司（以 下简称"国盾量子"、"上市公司"、"公司"）的财务顾问，依照《上市公 司收购管理办法》（以下简称"《收购办法》"）第六十九条、第七十一条、 《上市公司并购重组财务顾问业务管理办法》第三十一条等有关规定，持续督 导期从国盾量子公告收购报告书至收购完成后的 12 个月止（即从 2024 年 3 月 19 日至相关股权完成过户后的 12 个月止）。 2025 年 8 月 13 日，国盾量子披露了 2025 年半年度报告。结合上述 2025 年 半年度报告及日常沟通，国泰海通出具了 2025 年二季度（从 2025 年 4 月 1 日 至 2025 年 6 月 30 日，以下简称"本持续督导期"）的持续督导意见（以下简 称"本意见"）。本意见所依据的文件、书面资料等由收购人及 ...

Group 1 - Quantum technology is transitioning from laboratory research to broader market applications, with significant breakthroughs in China, particularly in drug development and security systems [1][2] - Benyuan Quantum Computing Technology Co., in collaboration with the University of Science and Technology of China, has successfully implemented the world's first drug molecular property prediction application based on quantum edge encoding technology [1] - The first quantum security protection system in the tobacco industry has been launched, developed by the Anhui Tobacco Company and GuoDun Quantum Technology Co., which utilizes quantum communication technology for data encryption [1] Group 2 - Companies in the quantum technology industry are actively positioning themselves to capitalize on future technological trends, with Shenzhou Information Group participating in the construction of national quantum communication networks [2] - Changchun Jida Zhengyuan Information Technology Co. plans to develop quantum random number and anti-quantum password capabilities in its products, aiming to enhance digital security [2] - The quantum technology market is projected to grow significantly, with an estimated market size of approximately $1.989 billion in 2024, increasing to $9.758 billion by 2029, reflecting a compound annual growth rate of 37.45% [3]

Group 1: Core Insights - Hefei evaluates convertible scientific achievements based on four dimensions: technical team, technical level, market prospects, and conversion risks, with technical level accounting for 60% of the score, playing a decisive role in the evaluation [1][8][9] - The city has established a special task force for the conversion of scientific achievements, listing new technologies and applicable scenarios across various industries, including municipal pipelines, fire rescue, and healthcare [1][11] - Hefei is recognized as a hub for quantum technology, with a growing ecosystem that includes over 93 quantum enterprises, producing significant advancements such as the "Zuchongzhi No. 3" superconducting quantum computing prototype and extensive quantum communication networks [4][6][12] Group 2: Industry Development - Quantum technology, comprising quantum computing, quantum communication, and quantum precision measurement, is a key future industry identified by the state, with various regions accelerating the development of differentiated industrial ecosystems [3][6] - The city of Hefei has implemented a dynamic management mechanism for evaluating convertible scientific achievements, allowing for timely updates based on progress and market validation [9][10] - The quantum communication sector has seen significant advancements, with China leading globally in quantum secure communication networks, including the "Beijing-Shanghai Line," and the launch of quantum encryption applications widely used in government and finance [6][12] Group 3: Technological Innovations - The "Benyuan Wukong" superconducting quantum computer has been operational since January 2024, completing over 530,000 quantum computing tasks for users from 145 countries, showcasing its commercial viability [7][12] - Hefei has established seven concept verification centers to assess the potential of scientific achievements, facilitating the transition from laboratory to market [11][12] - The city is actively promoting the application of quantum technology in various sectors, including healthcare, where collaborations have led to improved diagnostic tools for breast cancer detection [7][12]

Group 1 - The core point of the article highlights the trading activity of GuoDun Quantum, which had a financing buy-in amount of 0.55 billion yuan on August 21, ranking 493rd in the market [1] - Over the last three trading days from August 19 to August 21, GuoDun Quantum received financing buy-ins of 0.80 billion yuan, 0.64 billion yuan, and 0.55 billion yuan respectively [1] - On the same day, the company had a financing repayment amount of 0.61 billion yuan, resulting in a net sell-off of 5.8755 million yuan [1] Group 2 - In terms of securities lending, GuoDun Quantum had a securities lending sell-off of 0.15 thousand shares, with a net sell-off of 0.15 thousand shares on that day [1]

Core Points - The company, Keda Guodun Quantum Technology Co., Ltd., is holding its fourth extraordinary general meeting of shareholders in 2025 to discuss daily related party transactions [1][6][14] Meeting Information - The meeting is scheduled for August 29, 2025, at 15:00, located at the Keda Guodun Quantum Technology Park in Hefei, Anhui Province [8] - Voting will be conducted through a combination of on-site and online methods, with specific time slots for online voting [5][8] Related Party Transactions - The company plans to enter into a framework contract with China Telecom Quantum Information Technology Group Co., Ltd. for the sale of quantum key distribution hardware and software, with an estimated contract value of 76.5418 million yuan [6][10] - The company will also sign a service contract with China Telecom Quantum Technology Co., Ltd. for specialized technical services related to the "Quantum Secret Communication" project, with an estimated contract value of 14 million yuan [11][12] Related Party Details - China Telecom Quantum Information Technology Group Co., Ltd. is a limited liability company with a registered capital of 3 billion yuan, established on May 26, 2023 [7] - China Telecom Quantum Technology Co., Ltd. is a state-controlled company with a registered capital of 50 million yuan, established on November 6, 2020 [11][12] Transaction Pricing and Accumulation - The pricing for the related party transactions is determined based on fairness, openness, and justice, considering raw material costs and technical complexity [10][12] - Over the past 12 months, the company has signed related party sales contracts totaling 79.5932 million yuan and service contracts totaling 26.8697 million yuan [10][13]

科大国盾量子技术股份有限公司 2025 年第四次临时股东大会 科大国盾量子技术股份有限公司 2025 年第四次临时股东大会会议资料 股票简称：国盾量子 股票代码：688027 2025 年 8 月 - 1 - 科大国盾量子技术股份有限公司 2025 年第四次临时股东大会 目 录 科大国盾量子技术股份有限公司2025年第四次临时股东大会会议须知…………3 科大国盾量子技术股份有限公司2025年第四次临时股东大会会议议程…………5 议案1、《关于公司日常关联交易的议案》………………………………………6 - 2 - 科大国盾量子技术股份有限公司 2025 年第四次临时股东大会 科大国盾量子技术股份有限公司 2025年第四次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据《公司法》《证券法》《上市公司股东会规则》及《科大 国盾量子技术股份有限公司章程》的规定，为认真做好召开股东大会的各项工作， 特制定本须知： 一、本次大会期间，全体参会人员应以维护全体股东的合法权益，确保大会 的正常秩序和议事效率为原则，自觉履行法定义务。 二、为保证本次大会的严肃性和正常 ...

从指数持仓来看，上证通信服务行业指数十大权重分别为：中国联通（14.75%）、中国移动 （13.63%）、中国电信（13.6%）、中天科技（7.15%）、亨通光电（6.09%）、移远通信（3.15%）、 国盾量子（3.15%）、烽火通信（3.11%）、中国卫通（2.99%）、吉比特（2.89%）。 金融界8月19日消息，上证指数高开震荡，上证通信服务行业指数 (上证通信，000040)下跌0.03%，报 3811.5点，成交额236.42亿元。 数据统计显示，上证通信服务行业指数近一个月上涨3.75%，近三个月上涨5.56%，年至今上涨5.40%。 据了解，上证行业指数系列将沪市的全部样本按照行业分类标准划分为能源、原材料、工业等一级行 业，并选择各个行业对应的上市公司证券编制相应的行业指数，以反映上证行业指数在二级市场的整体 表现。该指数以2003年12月31日为基日，以1000.0点为基点。 从上证通信服务行业指数持仓的市场板块来看，上海证券交易所占比100.00%。 从上证通信服务行业指数持仓样本的行业来看，通信服务占比100.00%。 ...

Investment Rating - The report does not explicitly state an investment rating for the quantum computing industry. Core Insights - The quantum computing industry is rapidly evolving, with significant advancements in technology and increasing market demand driven by artificial intelligence and computational needs. The global quantum computing market is projected to grow from approximately $800 million in 2021 to $5 billion by 2024, representing a substantial increase in market size [22][23]. Summary by Sections 1. Overview of the Quantum Computing Industry - Quantum computing differs significantly from classical computing, utilizing quantum mechanics to solve problems more efficiently. This technology has the potential to revolutionize various fields due to its unique properties such as superposition and entanglement [7][8]. 2. Global Development Status - North America leads the global quantum computing market, followed closely by Europe and China. By 2024, the market shares are expected to be 29.8% for North America, 28.8% for Europe, and 25.2% for China [25]. 3. Market Size and Growth - The global quantum computing market is expected to expand rapidly, with a projected size of $5 billion by 2024, accounting for 63% of the total quantum information industry [22][23]. In China, the quantum computing industry is anticipated to reach 9.04 billion yuan (approximately $1.4 billion) in 2024, reflecting an 82.1% year-on-year growth [51]. 4. Key Enterprises in the Industry - Major companies in the quantum computing sector include IBM, Google, and startups like Quantinuum and PsiQuantum, which are making significant strides in various quantum technologies [32][33]. 5. Industry Policies and Support - Governments worldwide, particularly in the U.S. and China, are increasingly recognizing the strategic importance of quantum computing, leading to substantial investments and supportive policies aimed at fostering innovation and development in this field [28][46]. 6. Investment and Financing Trends - The quantum computing sector has seen a surge in investment, with financing in China reaching 2.93 billion yuan (approximately $450 million) in 2024. The focus is primarily on superconducting quantum computing and ion trap technologies, which are attracting significant capital [56][63].