Core Insights - The report from Tianfeng Securities highlights the release of the State Council's opinions on implementing "AI+" actions across six key areas by August 26, 2025, which include AI in science and technology, industrial development, consumer quality enhancement, public welfare, governance capabilities, and global cooperation [1] Group 1: Key Areas of Focus - The six key areas for accelerated implementation of "AI+" actions are: "AI+" in science and technology, "AI+" in industrial development, "AI+" in consumer quality enhancement, "AI+" in public welfare, "AI+" in governance capabilities, and "AI+" in global cooperation [1] - The report suggests focusing on companies such as Xindong Company (02400, AI+ gaming), Huashu Gaoke (688433.SH, AI+ intelligent manufacturing), Guodun Quantum (688027.SH, AI+ quantum technology), and Uxin (UXIN.US, AI+ used cars) [1] Group 2: Investment Recommendations - A total of 50 representative stocks have been selected from A-shares, Hong Kong stocks, and US-listed Chinese companies to showcase the current layout of "AI+" applications in these six key areas [1] - Key recommended stocks include: Shuanghuan Transmission (002472.SZ, AI+ industrialization/intelligent robotics), Orbbec (688322.SH, AI+ hardware), Shengye (06069, AI+ supply chain finance platform), Zhizi City Technology (09911, AI+ global social), Bairong Cloud-W (06608, AI+ financial information), and Jiabiyou (688089.SH, AI+ biomanufacturing) [1]

Core Viewpoint - The company, Keda Guodun Quantum Technology Co., Ltd., has announced its intention to engage in daily related transactions with its wholly-owned subsidiaries and related parties, ensuring compliance with relevant regulations and maintaining operational independence [7][9][22]. Financial Data - The company reported that its third-quarter financial statements for 2025 are unaudited, with significant financial data and indicators to be disclosed in the quarterly report [3][5]. - The company has not identified any non-recurring gains or losses that are significant for the reporting period [3]. Related Transactions Overview - The company plans to sign two sales service contracts with China Telecom's Wuhan branch, with estimated amounts of 1.8823 million yuan and 470,700 yuan respectively [8][10]. - Additionally, a sales contract with Client B for a dilution refrigerator and low-temperature devices is expected to amount to 4.1 million yuan [8][10]. - The total amount of related transactions over the past 12 months, which did not require board approval, is 4.3074 million yuan for service contracts and 6.3926 million yuan for product contracts [8][10]. Approval Process - The related transactions have been reviewed and approved by the company's independent directors and board of directors, with no need for shareholder meeting approval due to the transaction amounts being below the specified thresholds [23][24][25][26]. - The independent directors and the supervisory board have confirmed that the transactions are in the company's best interest and do not compromise its independence [33][35]. Compliance and Legal Framework - The company has ensured that all related transactions comply with the Shanghai Stock Exchange's regulations and the company's internal governance rules [26][22]. - The transactions are deemed necessary for the company's daily operations and are conducted on fair and reasonable terms [15][22].

Group 1 - The report highlights that national top-level policies are guiding the rapid development of six key areas in "AI+ applications" as outlined in the State Council's opinion released on August 26, 2025 [2][8] - The six key areas include "AI+" in scientific technology, industrial development, consumer quality enhancement, public welfare, governance capabilities, and global cooperation [2][8] - By 2027, it is expected that AI will be widely integrated into these six areas, with the application penetration rate of new intelligent terminals exceeding 70% [9] Group 2 - The report identifies 50 representative stocks across A-shares, Hong Kong stocks, and US-listed Chinese companies that are actively engaged in "AI+ applications" within the six key areas [3] - Key recommended stocks include: - Shuanghuan Transmission (002472.SZ) for AI+ industrialization and intelligent robotics - Orbbec (688322.SH) for AI+ hardware - Shengye (6069.HK) for AI+ supply chain finance [3] - Stocks to watch include: - Xindong Company (2400.HK) for AI+ gaming - Huazhu Gaoke (688433.SH) for AI+ intelligent manufacturing - Guodun Quantum (688027.SH) for AI+ quantum technology [3] Group 3 - The report elaborates on the "AI+" scientific technology direction, which includes accelerating scientific discovery processes, driving innovation in technology research and development models, and innovating social science research methods [12][17][24] - Specific companies mentioned in the "AI+" scientific technology sector include: - iFlytek (002230.SZ) focusing on AI core technology and applications in various fields [13] - Zhongke Shuguang (603019.SH) emphasizing AI-driven digital infrastructure [13] - BGI Genomics (688114.SH) integrating AI into life sciences [13] Group 4 - The "AI+" industrial development direction aims to cultivate new intelligent native models and promote the intelligent transformation of traditional industries [28] - Companies highlighted in this sector include: - Daotong Technology (688208.SH) for AI+ automotive diagnostics [30] - Dingjie Smart (300378.SZ) for AI+ manufacturing digitalization [30] - Huichan Co., Ltd. (688500.SH) for AI+ data intelligence [30] Group 5 - The "AI+" consumer quality enhancement direction focuses on expanding service consumption scenarios and improving the quality of life services [49] - Companies in this area include: - Xindong Company (2400.HK) for AI+ gaming [51] - Giant Network (002558.SZ) integrating AI into core gaming products [51] - Perfect World (002624.SZ) utilizing AI tools in game development [51]

Group 1 - The core viewpoint of the article highlights that GuoDun Quantum (688027.SH) reported a significant increase in revenue for the first three quarters of 2025, achieving 190 million yuan, which represents a year-on-year growth of 90.27% [1] - The company reported a net loss attributable to shareholders of 26.47 million yuan [1] - The net loss attributable to shareholders, after excluding non-recurring gains and losses, amounted to 64.33 million yuan [1]

证券代码：688027 证券简称：国盾量子 公告编号：2025-059 科大国盾量子技术股份有限公司 关于日常关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 负责人：代宏斌 重要内容提示： 科大国盾量子技术股份有限公司（以下简称"国盾量子"或"公司"） 全资子公司拟与中国电信股份有限公司武汉分公司（以下简称"武汉电 信"）签订 2 份销售服务合同，合同一主要销售一套量子密钥平台及服 务系统，合同金额预计为 188.23 万元；合同二主要销售一套量子密钥生 成服务及项目整体安装调试服务，合同金额预计为 47.07 万元； 公司全资子公司拟与客户 B 签订 1 份销售商品合同，向其销售一套稀释 制冷机及低温器件，预计金额为 410.00 万元。 包含上述与武汉电信交易，自此往前追溯 12 个月，未经董事会审议的公 司（含子公司）与公司关联方签订销售服务合同的金额累计为 430.74 万 元。 包含上述与客户 B 交易，自此往前追溯 12 个月，未经董事会审议的公司 （含子公司）与公司关联方签订销售商品合同的金额 ...

证券代码：688027 证券简称：国盾量子 公告编号：2025-058 科大国盾量子技术股份有限公司 第四届监事会第十六次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 科大国盾量子技术股份有限公司（以下简称"国盾量子"或"公司"）第四 届监事会第十六次会议于 2025 年 10 月 17 日以现场及通讯方式在公司会议室召 开。本次会议由监事会主席冯镭先生主持，本次会议应到监事 3 人，实际到会监 事 3 人。本次会议的召集、召开和表决程序符合《中华人民共和国公司法》《上 海证券交易所科创板股票上市规则》等相关法律、行政法规、规范性文件及《科 大国盾量子技术股份有限公司章程》的有关规定。 二、监事会会议审议情况 经与会监事充分讨论，会议以投票表决方式审议通过了两项议案，具体如下： 1、审议通过《关于<国盾量子 2025 年第三季度报告>的议案》 监事会认为：公司 2025 年第三季度报告的编制和审议程序符合相关法律法 规及《公司章程》等内部规章制度的规定；公司 2025 年第三季度报告 ...

证券代码：688027 证券简称：国盾量子 公告编号：2025-057 科大国盾量子技术股份有限公司 第四届董事会第十八次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 科大国盾量子技术股份有限公司（以下简称"国盾量子"或"公司"）第四届董 事会第十八次会议于 2025 年 10 月 17 日以现场及通讯方式在公司会议室召开。本次 会议由董事长吕品先生主持，本次会议应到董事 9 人，实际到会董事 9 人。本次会议 的召集、召开和表决程序符合《中华人民共和国公司法》《上海证券交易所科创板股 票上市规则》等相关法律、行政法规、规范性文件及《科大国盾量子技术股份有限公 司章程》的有关规定。会议决议合法、有效。 2.01 与武汉电信的关联交易 公司董事会一致同意拟与中国电信股份有限公司武汉分公司签订 2 份销售服务合 同，合同一主要销售 1 套量子密钥平台及服务系统，合同金额预计为 188.23 万元； 合同二主要销售 1 套量子密钥生成服务及项目整体安装调试服务，合同金额预计为 47.07 万元 ...

Group 1 - Company Guodun Quantum announced that its 18th board meeting of the fourth session will be held on October 17, 2025, to review documents including the proposal on daily related party transactions [1] Group 2 - Industry sentiment is reflected in Lin Yuan's strong response to market losses, emphasizing that he will continue to invest, particularly in the liquor sector, which he views as a "happy demand," while expressing concerns over technology stocks [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥68,361,136.57, representing a year-on-year increase of 126.52%[4] - The total profit for the period was a loss of ¥2,355,516.21, while the net profit attributable to shareholders was a loss of ¥2,679,550.33[4] - The company experienced a reduction in net losses, with a decrease of ¥18,504,900 in total profit compared to the same period last year, attributed to increased operating revenue[10] - Total operating revenue for the first three quarters of 2025 reached ¥189,731,783.24, a significant increase of 90.3% compared to ¥99,714,812.21 in the same period of 2024[19] - The net loss for the first three quarters of 2025 was ¥26,236,189.72, an improvement from a net loss of ¥56,965,949.89 in the same period of 2024[20] - The company reported a total comprehensive loss attributable to shareholders of ¥26,469,583.78 for the first three quarters of 2025, compared to a loss of ¥55,117,508.36 in 2024[20] Research and Development - Research and development expenses amounted to ¥33,044,165.38, accounting for 48.34% of operating revenue, a decrease of 11.73 percentage points compared to the previous year[5] - The company plans to continue expanding its research and development efforts to enhance its product offerings and market presence[9] - Research and development expenses increased to ¥83,676,662.15 in 2025, compared to ¥53,078,707.48 in 2024, reflecting a growth of 57.5%[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,565,625,189.98, showing a slight decrease of 0.10% from the previous year[5] - The total liabilities as of the latest reporting period amounted to ¥344,403,617.55, an increase from ¥321,793,461.83 in the previous year[19] - The total equity attributable to shareholders decreased to ¥3,213,270,834.96 from ¥3,239,740,418.74, indicating a decline of 0.8%[19] - The company reported a significant increase in contract liabilities to ¥70,275,759.71 from ¥40,524,408.05, representing a growth of approximately 73%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,655[12] - The largest shareholder, China Telecom Quantum Information Technology Group Co., Ltd., holds 22,486,631 shares, representing 21.86% of total shares[12] - The largest shareholder group includes state-owned entities and individuals, with a notable concentration of ownership among the top shareholders[12] Cash Flow - The company's cash and cash equivalents as of September 30, 2025, amount to ¥1,637,962,156.82, down from ¥2,275,094,608.64 at the end of 2024[14] - Cash inflow from operating activities totaled $237,553,701.84, an increase from $147,388,316.56 in the previous period, reflecting a growth of approximately 60.9%[23] - Cash outflow from operating activities amounted to $343,631,284.08, compared to $247,174,364.69 previously, indicating a rise of about 39%[23] - Net cash flow from operating activities was -$106,077,582.24, slightly worse than -$99,786,048.13 in the prior period[23] - Cash inflow from investment activities reached $1,489,370,179.50, significantly higher than $740,426,577.16, marking an increase of approximately 101%[24] - Cash outflow from investment activities was $2,019,127,673.45, compared to $765,406,857.39, representing a rise of about 164%[24] - Net cash flow from investment activities was -$529,757,493.95, worsening from -$24,980,280.23 in the previous period[24] - The company reported a significant increase in cash received from investment recoveries, totaling $1,480,000,000.00, compared to $735,000,000.00 previously, reflecting a growth of approximately 101%[23] - The company experienced a net cash outflow from financing activities of -$1,380,356.59, contrasting with a net inflow of $7,777,908.69 in the prior period[24] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[25]

格隆汇10月17日丨国盾量子(688027.SH)公布2025年第三季度报告，营业收入为6836.11万元，同比增长 126.52%；归属于上市公司股东的净利润是-267.96万元；归属于上市公司股东的扣除非经常性损益的净 利润-1757.16万元。 ...