证券代码：688027 证券简称：国盾量子 公告编号：2025-025 科大国盾量子技术股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 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、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025 年 4 月 22 日（星期二）15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 4 月 15 日（星期二）至 4 月 21 日（星期 一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 guodun@quantum-info.com 进行提问。公司将在说 明会上对投资者普遍关注的问题进行回答。 科大国盾量子技术股份有限公司（以下简称"公司"）已于 2025 年 3 月 26 日发布公司 2024 年度报告，将于 2025 年 4 月 21 日 闭市后发布公司 2025 年第一季度报告，为便于广大投资 ...

国泰君安证券股份有限公司 关于 科大国盾量子技术股份有限公司 收购报告书 声明 之 2024 年度持续督导意见 财务顾问 二〇二五年四月 国泰君安证券股份有限公司（以下简称"国泰君安"、"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 3 月 26 日，国盾量子披露了 2024 年年度报告。结合上述 2024 年年 度报告及日常沟通，国泰君安出具了 2024 年度（从 2024 年 3 月 19 日至 2024 年 12 月 31 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其一致行动 ...

Core Viewpoint - The company, GuoDun Quantum, reported a significant revenue growth of 62.30% year-on-year for the fiscal year 2024, reaching 253 million yuan, while narrowing its net loss by 74.30% to 32 million yuan [1][2]. Financial Performance - Revenue for 2024 was 253 million yuan, with a year-on-year growth of 62.30% [1]. - The net profit attributable to shareholders was -32 million yuan, indicating a reduction in losses by 74.30% compared to the previous year [1]. - The gross margin for 2024 was 55.59%, an increase of 8.14 percentage points year-on-year, maintaining a high level [1]. - In Q4 2024, the company achieved a revenue of 153 million yuan, representing a growth of 85.47% year-on-year, and turned a profit with a net profit of 23 million yuan [1]. Business Segments - The quantum communication segment contributed over 50% of total revenue in 2024, with a complete ecosystem for the communication encryption industry accelerating practical applications [2]. - The company completed breakthroughs in domestic miniaturized polarization coding QKD and time-phase QKD technologies, integrating quantum key distribution with optical transport networks [2]. - In quantum computing, the company supported the "Zu Chongzhi No. 3" quantum computer project and launched the ez-QFridge dilution refrigerator, collaborating with China Telecom Quantum Group to develop the "Tianyan-504" with the highest qubit count in the country [2]. - The company secured the "Hefei Super Fusion Computing Center" project, providing a super fusion system for "Chao Lake Mingyue" to promote heterogeneous computing power integration [2]. - In quantum precision measurement, the company sold 9 cold atom gravimeters and completed the first international quantum gravity network observation [2]. Industry Outlook - Quantum technology is recognized as a strategic emerging industry, receiving strong support from domestic and international stakeholders, as highlighted in the 20th National Congress and the Government Work Report [3]. - The company has attracted China Telecom's wholly-owned subsidiary, China Telecom Quantum Group, as a strategic investor, which is expected to enhance the integration of quantum technology into critical digital infrastructure [3]. - Revenue forecasts for the company from 2025 to 2027 are projected at 343 million yuan, 479 million yuan, and 947 million yuan, respectively, with corresponding price-to-sales ratios of 78.27x, 56.05x, and 28.35x [3].

35.52分综合得分 偏弱 趋势方向 主力成本分析 国盾量子688027 时间: 2025年4月1日星期二 260.94 元 当日主力成本 258.57 元 5日主力成本 278.27 元 20日主力成本 278.27 元 次 北向资金数据 60日主力成本 周期内涨跌停 过去一年内该股 涨停 0次 跌停 0 | 持股量77.07万股 | 占流通比0.95% | | --- | --- | | 昨日净买入-6.14万股 | 昨日增仓比-0.076% | | 5日增仓比0.103% | 20日增仓比0.059% | 技术面分析 260.89 短期压力位 254.66 短期支撑位 299.80 中期压力位 254.66 中期支撑位 风险提示：以上内容仅作为作者或者嘉宾的观点，不代表和讯的任何立场，不构成与和讯相关的任何投 资建议。在作出任何投资决定前，投资者应根据自身情况考虑投资产品相关的风险因素，并于需要时咨 询专业投资顾问意见。和讯竭力但不能证实上述内容的真实性、准确性和原创性，对此和讯不做任何保 证和承诺。 股价突破短期压力位，短线有望走强； 目前中期趋势不慎明朗，静待主力资金选择方向 K线形态 暂无特殊形态 ...

证券代码：688027 证券简称：国盾量子 公告编号：2025-024 科大国盾量子技术股份有限公司 关于召开 2024 年年度股东大会的通知 本公司董事会及全体董事保证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。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2024 年年度股东大会 召开日期时间：2025 年 4 月 21 日 14 点 30 分 召开地点：安徽省合肥市高新区华佗巷 777 号科大国盾量子科技园 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 4 月 21 日 至 2025 年 4 月 21 日 股东大会召开日期：2025年4月21日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11: ...

Core Insights - Guodian Quantum achieved a revenue of 253 million yuan in 2024, representing a year-on-year growth of 62.3%, while net profit recorded a loss of 31.84 million yuan, reducing losses by 92.08 million yuan compared to the previous year [1] - The company maintained a high R&D investment of 93.08 million yuan, accounting for 36.74% of its revenue [1] Quantum Communication - In 2024, revenue from quantum communication reached 146 million yuan, with a year-on-year increase of 70.05%, and the segment's gross margin improved by 13.14 percentage points to 65.66% [1][2] - Guodian Quantum served over 10 key cities in quantum metropolitan network construction, with operations in Xiong'an New Area and Shanghai [2] Quantum Computing - The quantum computing segment generated revenue of 56.59 million yuan in 2024, marking a year-on-year growth of 26.36%, with a gross margin increase of 10.47 percentage points to 43.75% [2] - The company participated in the "Zuchongzhi No. 3" superconducting system experiment, achieving new quantum computing superiority [2] Quantum Precision Measurement - Revenue from quantum precision measurement surged to 38.80 million yuan, a year-on-year increase of 118.96%, with a gross margin of 32.26% [3] - The company completed the international first quantum absolute gravity network observation and sold 9 units of its cold atom gravity meter [3] Strategic Developments - In January, China Telecom's subsidiary completed a strategic acquisition of Guodian Quantum, aiming to promote industrial transformation and upgrade [3][4] - The "Quantum Technology and Industry Development 2030 Action Plan" was released, emphasizing the importance of quantum technology in new information technology [4]

Financial Performance - The company's operating revenue for 2024 reached RMB 253,368,922.89, representing a 62.30% increase compared to RMB 156,111,094.96 in 2023 [23]. - The net profit attributable to shareholders of the listed company was a loss of RMB 31,841,414.28, an improvement from a loss of RMB 123,917,117.70 in the previous year [23]. - The net cash flow from operating activities was RMB 32,699,512.97, a significant recovery from a negative cash flow of RMB -4,048,103.46 in 2023 [23]. - The revenue after deducting non-core business income was RMB 241,815,405.03, which is a 62.72% increase from RMB 148,608,889.00 in 2023 [23]. - The company's operating revenue increased by 62.30% year-on-year, driven by growth in quantum communication, quantum computing, and quantum precision measurement [24]. - The net profit attributable to shareholders increased due to higher operating revenue and gross margin [25]. - The net cash flow from operating activities turned positive, primarily due to increased sales receipts [25]. - The company reported a net profit of 23.28 million yuan in the fourth quarter, marking a significant recovery from previous losses [28]. - The company's revenue for the reporting period reached 253.37 million yuan, an increase of 62.30% year-on-year [35]. - The net profit attributable to shareholders was -31.84 million yuan, a year-on-year reduction in losses of 74.30% [35]. Research and Development - The company has made significant investments in research and development for new quantum technologies [16]. - The company invested 93.08 million yuan in R&D during the reporting period, maintaining a high level of investment [35]. - The company filed for 149 new patents during the reporting period, including 76 invention patents, bringing the total number of intellectual properties to 986 [96][97]. - Total R&D investment decreased by 27.74% year-on-year to approximately 93.08 million yuan, with capitalized R&D investment dropping by 70.68% [99][100]. - The R&D investment accounted for 36.74% of operating revenue, a decrease of 45.77 percentage points compared to the previous year [99]. - The company is actively developing new products, including a miniaturized quantum security service integrated machine and upgraded QKD systems [93]. - The company has developed a technology capability system that transforms basic research into engineering applications and products, with 588 authorized patents, including 327 invention patents [109]. Market Expansion and Strategy - The company plans to expand its market presence and enhance its product offerings in quantum computing and quantum security [16]. - The company is actively exploring potential mergers and acquisitions to bolster its technological capabilities and market reach [16]. - The company is focusing on expanding its market presence in finance, government, energy, and cloud computing sectors through new product developments [104]. - The company is exploring deep cooperation with China Telecom Quantum Group to enhance its position in the modern information industry [160]. - The company plans to enter two new international markets by Q3 2024, targeting a 5% increase in overall market share [179]. - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of $100 million allocated for potential deals [179]. Corporate Governance - The audit report issued by Rongcheng Accounting Firm confirms the financial report's authenticity and completeness [5]. - The board of directors has ensured the accuracy and completeness of the annual report [6]. - The company has not disclosed any special arrangements for corporate governance [9]. - The company has not faced any significant issues regarding independence from its controlling shareholders, as indicated in the governance report [172]. - The company’s governance structure complies with the regulations set by the China Securities Regulatory Commission, with no major discrepancies noted [172]. - The company has a structured plan for future fundraising and capital allocation, as discussed in the board meeting reports [172]. Risks and Challenges - The company has detailed various operational risks and corresponding countermeasures in the report [4]. - The company faces risks related to technology development and market expansion, particularly in quantum secure communication and quantum computing [117]. - Seasonal fluctuations in sales revenue are evident, with a significant portion of income concentrated in the fourth quarter [118]. - The company faces risks related to high accounts receivable and cash flow volatility, which may impact operational liquidity [120]. - The company is dependent on government subsidies, which may increase operational funding pressure if not sustained [120]. Technological Advancements - The company is focusing on quantum communication technologies, including quantum key distribution and quantum secure communication solutions [16]. - The company has completed the construction of a superconducting quantum computer for the Hefei Advanced Computing Center, which is now in the initial testing phase [39]. - The company has developed a variety of quantum computing products, including superconducting quantum computers and control systems, and offers related technical services [50]. - The company has achieved significant breakthroughs in three core technology areas: quantum communication, quantum computing, and quantum precision measurement, showcasing its technological advancement and driving industry growth [91]. Stakeholder Engagement - The company is committed to maintaining transparency and regular communication with its stakeholders through various disclosure channels [18]. - The company emphasizes transparency and timely disclosure of significant information to protect the interests of minority investors [170]. - The company has a strong talent pool, with a provincial postdoctoral research station and a team recognized for their contributions to national high-tech research projects [114]. Financial Management - The company reported a gross margin of 55.17% for its main business, an increase of 10.75 percentage points year-on-year [127]. - The company has implemented measures to mitigate risks from being placed on the U.S. Entity List, including domestic production of core components [122]. - The company reported a significant asset change with a purchase amount of CNY 960,000,000 and a redemption amount of CNY 1,070,200,000 during the period [154]. - The company has received multiple certifications, including ISO9001 and ISO27001, and has passed various product certifications from the National Cryptography Administration [113]. Future Outlook - The company aims to achieve profitability in the upcoming fiscal year, with strategic initiatives in place to improve operational efficiency [16]. - The company anticipates that quantum computing will achieve initial application breakthroughs in specific fields such as material simulation and drug discovery within the next few years [88]. - By 2025, the company plans to achieve breakthroughs in key quantum technologies and develop a globally leading quantum infrastructure [160].

RSM 容诚 内部控制审计报告 科大国盾量子技术股份有限公司 容诚审字|2025|230Z0352 号 容诚会计师事务所(特殊普通合伙) 中国 北京 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn） 报告编码:京2 内部控制审计报告 容诚审字[2025]230Z0352 号 科大国盾量子技术股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我 们审计了科大国盾量子技术股份有限公司(以下简称"国盾量子")2024年12月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部 控制评价指引》的规定,建立健全和有效实施内部控制,并评价其有效性是国盾 量子董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性发表 审计意见,并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外,由于 情况的变化可能导致内部控制变得不恰当, ...

国元证券股份有限公司 关于科大国盾量子技术股份有限公司 2024 年度募集资金存放与使用情况的专项核查意见 国元证券股份有限公司（以下简称"国元证券"或"保荐机构"）作为科大 国盾量子技术股份有限公司（以下简称"国盾量子"或"公司"）首次公开发行 股票并在科创板上市项目的保荐机构以及 2024 年度向特定对象发行 A 股股票的 保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板上 市公司自律监管指引第 1 号——规范运作》《上市公司监管指引第 2 号——上市 公司募集资金管理和使用的监管要求》《上海证券交易所科创板股票上市规则》 等有关法律法规和规范性文件的要求，就国盾量子 2024 年度募集资金存放与使 用情况进行了核查，具体情况如下： 一、募集资金基本情况 （一）实际募集资金金额及到位情况 经中国证券监督管理委员会《关于同意科大国盾量子技术股份有限公司首次 公开发行股票注册的批复》（证监许可[2020]1063 号）的批准，国盾量子于 2020 年 7 月向社会公开发行人民币普通股（A 股）2,000.00 万股，每股发行价为 36.18 元，应募集资金总额为人民币 72,360.00 ...

国元证券股份有限公司（以下简称"国元证券"或"保荐机构"）作为科大 国盾量子技术股份有限公司（以下简称"公司"或"国盾量子"）2024 年度向特 定对象发行 A 股股票的保荐机构，根据《上市公司证券发行注册管理办法》《证 券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》《上海证 券交易所科创板上市公司自律监管指引第 1 号——规范运作》等有关法律法规和 规范性文件的要求，对国盾量子拟发生的日常关联交易事项进行了专项核查，具 体核查情况如下： 一、关联交易概述 根据公司第四届董事会第十次会议审议通过，公司拟与关联方中电信量子信 息科技集团有限公司（以下简称"中电信量子集团"）签订 1 份销售合同，向其 销售量子密钥分发设备等相关产品，合同金额预计为 472.09 万元。包含上述交 易，自此往前追溯 12 个月，公司及其全资子公司、控股子公司与公司关联方签 订销售合同的金额累计为 525.52 万元（剔除公司已对外披露部分的关联交易金 额）。 预计加上此次交易，过去 12 个月内，公司及其全资子公司、控股子公司与 中电信量子集团发生的交易、公司及其全资子公司、控股子公司与关联方签订销 售合同的关联 ...