关于使用闲置募集资金进行现金管理的公告 证券代码：688027 证券简称：国盾量子 公告编号：2023—054 科大国盾量子技术股份有限公司 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。 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"）于2023 年8月29日召开第三届董事会第二十二次会议、第三届监事会第二十一次会议， 审议通过了《关于使用闲置募集资金进行现金管理的议案》，同意公司在保证不 影响募集资金投资项目正常进行的前提下，使用最高不超过人民币42,000万元的 暂时闲置募集资金用于购买安全性高、流动性好、有保本约定的投资产品，自公 司董事会审议通过之日起12个月内有效。在前述额度及期限范围内，公司可以循 环滚动使用。公司董事会授权公司管理层及工作人员根据实际情况办理相关事宜 并签署相关文件。 一、募集资金基本情况 经中国证券监督管理委员会证监许可[2020]1063号文核准，科大国盾量子技 术股份有限公司（以下称"公司"）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 ...

科大国盾量子技术股份有限公司 2023 年半年度募集资金存放与实际使用情况的 专项报告 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、募集资金基本情况 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会证监许可[2020]1063 号文核准，科大国盾量子 技术股份有限公司（以下称"公司"）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 万元，根据有关规定扣除发行费用 6,766.06 万元后，实际募集资金 金额为 65,593.94 万元。该募集资金已于 2020 年 7 月 2 日到账。上述资金到账 情况业经容诚会计师事务所（特殊普通合伙）容诚验字[2020]230Z0113 号《验资 报告》验证。公司对募集资金采取了专户存储管理。 （二）募集资金使用及结余情况 2023 年 1—6 月，公司直接投入募集资金项目 2,522.60 万元。截至 2023 年 6 月 30 日，公司累计投入募集资金项目 ...

Financial Performance - The company's operating revenue for 2022 was ¥134.73 million, a decrease of 24.80% compared to ¥179.15 million in 2021[22]. - The net profit attributable to shareholders was -¥86.20 million, down from -¥37.14 million in the previous year[23]. - The net cash flow from operating activities increased to ¥74.16 million, compared to -¥64.11 million in 2021[23]. - The basic earnings per share decreased to -¥1.07 from -¥0.46 in 2021[24]. - The weighted average return on equity decreased to -5.22% from -2.25% in 2021[24]. - The total assets at the end of 2022 were ¥1.94 billion, a decrease of 1.70% from ¥1.98 billion in 2021[23]. - The company's main business revenue decreased by 27.19% to 128.75 million yuan, while the main business cost increased by 9.60% to 81.19 million yuan[130]. - The total revenue for the year was 128.75 million, with a gross margin of 36.93%, reflecting a decrease of 21.17 percentage points compared to the previous year[134]. - The company reported a significant increase in revenue from other regions, totaling 10.86 million, which was an increase of 161.53% year-on-year[132]. Research and Development - The company has not achieved profitability since its listing, indicating ongoing investment in growth and development[4]. - Research and development expenses accounted for 100.76% of operating revenue, an increase of 49.95 percentage points year-on-year[24]. - The company invested CNY 135.75 million in R&D in the reporting period, representing a year-on-year increase of 49.14%[77]. - The company added 119 authorized patents during the reporting period, including 78 invention patents, enhancing its core technology patent reserves[77]. - The company is committed to ongoing research and development in quantum technology to drive future growth and innovation[29]. - The company is actively pursuing the development of quantum key distribution (QKD) products, with significant investments in related technologies[100]. - The company has developed two superconducting quantum computing prototype machines and established the "Keda Guandun Quantum Computing Cloud Platform" to facilitate research and development in quantum computing[79]. Market and Business Strategy - The company plans to enhance its collection efforts, leading to a substantial increase in customer payments[25]. - The company is focusing on expanding its quantum communication and computing product lines, with several contracts recognized upon customer acceptance[29]. - The company plans to enhance market promotion in 2023, focusing on quantum secure communication and information security solutions, targeting sectors like mobile communication and industrial internet[172]. - The company aims to strengthen independent R&D, particularly in quantum computing and measurement, with plans to develop a high-bit superconducting quantum computing cloud platform[173]. - The company intends to build an open industry ecosystem, integrating quantum security technology with existing ICT technologies to promote applications in various fields[175]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a target of acquiring at least two startups in the next six months[198]. Governance and Compliance - The company has established a governance system that includes various rules and regulations to ensure standardized operations[181]. - The governance structure includes a shareholder meeting, board of directors, supervisory board, and management team, ensuring clear responsibilities and effective operation[181]. - The company is committed to timely and accurate disclosure of significant information to protect the interests of minority investors[185]. - The company has implemented stock incentive plans for key personnel, with several executives receiving stock options during the reporting period[195]. - The company is committed to maintaining transparency in its shareholding structure and governance practices[200]. Risks and Challenges - The company has outlined various operational risks and corresponding mitigation strategies in the report[4]. - The company faces risks related to potential fluctuations in market demand for quantum secure communication products, which could impact its operating performance[118]. - The company faces risks related to the loss of core technical personnel, which could impact its innovation capabilities[121]. - The company's inventory turnover rate is low, increasing the risk of inventory impairment[122]. Industry Trends and Outlook - The quantum information industry is rapidly developing, with significant advancements in quantum communication, quantum computing, and quantum precision measurement[59]. - The global quantum key distribution (QKD) market size was approximately USD 800 million in 2022, with expectations to reach USD 3.504 billion by 2025[74]. - The quantum secure communication technology is expected to grow significantly, with the global market projected to expand from JPY 210 billion in 2020 to JPY 2.1 trillion by 2035[74]. - The company is actively involved in the formulation of national and international standards for quantum secure communication, aiming to create a comprehensive standard system for networking, operation, application, and certification[86]. Awards and Recognition - The company has been recognized as a national high-tech enterprise and has received multiple awards, including the "National Disruptive Technology Innovation Competition" excellence award and the "National Patent Silver Award"[51]. - The company has been recognized for its innovation, with several key personnel receiving awards for their contributions to technology and research[200].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 30,514,623.91, representing a year-on-year increase of 208.56%[18] - The net loss attributable to shareholders for Q1 2023 was CNY -16,225,284.68[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -23,929,888.97[18] - The net loss from investments in joint ventures and associates was ¥3,832,132.16 in Q1 2023, an increase from a loss of ¥2,996,633.74 in Q1 2022[34] - The net profit for Q1 2023 was -16,608,782.78 RMB, compared to -19,706,399.56 RMB in Q1 2022, indicating an improvement of approximately 15.5% year-over-year[54] - The total comprehensive income for Q1 2023 was -16,608,782.78 RMB, while it was -19,706,399.56 RMB in the same period last year, reflecting a reduction in losses[54] - The operating profit for Q1 2023 was -17,535,335.18 RMB, an improvement from -21,879,261.96 RMB in Q1 2022, showing a reduction in operating losses[53] - The total profit for Q1 2023 was -17,524,022.02 RMB, compared to -21,823,293.63 RMB in Q1 2022, indicating a decrease in total losses[53] Cash Flow and Investments - The net cash flow from operating activities was CNY 1,943,106.14, an increase of CNY 2,232,810.00 compared to the same period last year[9] - Cash inflows from operating activities in Q1 2023 amounted to 86,131,381.09 RMB, significantly higher than 43,598,355.12 RMB in Q1 2022, representing a growth of approximately 97.5%[55] - Cash received from sales of goods and services in Q1 2023 was 77,766,102.65 RMB, compared to 19,873,028.80 RMB in Q1 2022, indicating a substantial increase of about 290%[55] - Total cash inflow from investment activities reached 475,582,596.05, compared to 175,706,734.21 in the prior period, indicating a strong increase[39] - Cash outflow for investment activities was 447,681,165.71, up from 275,399,530.18, resulting in a net cash flow from investment activities of 27,901,430.34, recovering from -99,692,795.97[39] - The net cash flow from financing activities was -790,711.04, worsening from -195,368.62 in the previous period[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,918,305,245.53, a decrease of 1.26% from the end of the previous year[6] - The total equity attributable to shareholders at the end of the reporting period was CNY 1,620,830,058.91, a decrease of 0.69% from the previous year[6] - Total liabilities decreased to ¥284,441,048.97 from ¥297,215,595.83, showing a reduction of approximately 4.2%[32] - Current assets totaled 1,348,673,843.15, a decrease from 1,383,115,935.71[49] - The company's cash and cash equivalents stood at ¥573,548,969.51, an increase from ¥542,109,802.38 in the previous period[30] - The ending balance of cash and cash equivalents increased to 564,835,314.22, compared to 535,795,410.57 at the end of the previous period[40] Research and Development - Research and development expenses totaled CNY 39,769,100.55, accounting for 130.33% of operating revenue, a decrease of 207.73 percentage points year-on-year[6] - Research and development expenses for Q1 2023 amounted to ¥21,933,516.76, compared to ¥17,324,280.07 in Q1 2022, reflecting a rise of approximately 26.5%[34] Shareholder Information - The total number of common shareholders at the end of the reporting period was 16,843, with the largest shareholder holding 13.46%[43] - Basic and diluted earnings per share for Q1 2023 were both -0.20 RMB, compared to -0.25 RMB in Q1 2022, showing a 20% improvement[54] Other Financial Metrics - The weighted average return on net assets was -1.00%, an increase of 0.18 percentage points compared to the previous year[6] - The company reported a credit impairment loss of 6,392,891.82 RMB in Q1 2023, compared to 811,373.43 RMB in Q1 2022, which is a significant increase[53] - The company recorded an asset impairment loss of 5,189,257.78 RMB in Q1 2023, compared to 49,481.59 RMB in Q1 2022, reflecting a significant increase[53] - The company reported a financial expense of -¥2,102,081.35 in Q1 2023, compared to -¥4,161,239.00 in Q1 2022, indicating an improvement in financial costs[34] Government Support - The company received government subsidies amounting to CNY 7,183,205.95 during the reporting period[6] Inventory and Costs - Total operating costs for Q1 2023 were ¥66,267,838.93, up from ¥50,356,349.73 in Q1 2022, indicating an increase of about 31.7%[34] - Inventory levels increased to ¥132,188,354.52 from ¥119,050,342.10, representing an increase of approximately 11%[30] Company Strategy - The company has not indicated any new product launches or market expansion strategies in the current report[57]

Financial Performance - The company's operating revenue for 2022 was ¥134.73 million, a decrease of 24.80% compared to ¥179.15 million in 2021[22]. - The net profit attributable to shareholders was -¥86.20 million, a decline from -¥37.14 million in the previous year[23]. - The basic earnings per share decreased to -¥1.07 from -¥0.46 in 2021[24]. - The company's main business revenue was 128.75 million yuan, down 27.19% year-on-year, while main business cost increased by 9.60% to 81.19 million yuan[127]. - The company achieved total revenue of 134.73 million yuan, a decrease of 24.80% compared to the same period last year[125]. - The net profit attributable to shareholders was -86.20 million yuan, a decline of 132.12% year-on-year[125]. - The company reported a significant decrease in sales of quantum key distribution (QKD) products, with sales volume down 82.10%[132]. - The company’s investment activities generated a net cash outflow of 254.22 million yuan, primarily due to increased purchases of financial products[127]. - The company’s financing activities resulted in a net cash inflow of 60.10 million yuan, attributed to new loans for technological innovation[127]. - The company reported government subsidies of 70.88 million yuan, 45.11 million yuan, and 56.39 million yuan over the past three years, indicating a significant reliance on government support for its profit levels[122]. Research and Development - Research and development expenses accounted for 100.76% of operating revenue, an increase of 49.95 percentage points from 50.81% in 2021[24]. - The company’s R&D investment for the year was CNY 135.75 million, a year-on-year increase of 49.14%, representing 100.76% of operating revenue[34]. - The company has filed 119 new patents in the reporting period, including 78 invention patents, enhancing its core technology patent reserves[76]. - The company completed the development of a high-stability light source and efficient detector for QKD product application technology, achieving industry-leading levels[99]. - The company has made significant progress in developing high-performance superconducting quantum computing prototypes and plans to connect them to the quantum computing cloud platform[38]. - The company is focusing on the development of integrated and diversified quantum security products to enhance market share and deployment convenience[96]. - The company has successfully completed the domestic verification and prototype design of its core quantum key distribution equipment to mitigate the impact of being listed on the "entity list"[96]. - The company has made significant advancements in quantum key distribution (QKD), achieving a world record for secure communication distances, including a 500 km phase-matching QKD experiment in 2020[89]. Market and Industry Trends - The quantum information industry is rapidly evolving, with significant global investments and strategic plans from major countries to advance quantum technology, highlighting its strategic importance[56]. - The global quantum key distribution (QKD) market size in 2022 was approximately 800 million USD, with expectations to grow to 3.504 billion USD by 2025[71]. - The quantum secure communication industry chain is becoming increasingly mature, with enhanced cooperation between upstream and downstream sectors[60]. - The Chinese government has emphasized the importance of quantum information technology in its strategic planning, aiming to enhance national quantum secure communication capabilities[64]. - Major companies like Google, Microsoft, and IBM are launching or planning to launch quantum computing cloud services, indicating a growing interest in practical applications[65]. - The company is exploring new market opportunities in mobile communications, industrial internet, and vehicle networking, aiming to integrate quantum encryption technologies into these sectors[90]. Corporate Governance and Compliance - The company held 4 shareholder meetings in 2022, including 1 annual and 3 extraordinary meetings, ensuring compliance with legal regulations and protecting minority shareholder rights[174]. - The board of directors convened 11 meetings in 2022, adhering to legal and regulatory requirements to enhance decision-making processes[175]. - The supervisory board also held 11 meetings in 2022, effectively overseeing the company's operations and compliance with laws and regulations[176]. - The company disclosed significant information accurately and timely, maintaining transparency and protecting the interests of minority investors[177]. - There were no major discrepancies in corporate governance compared to regulations set by the China Securities Regulatory Commission[179]. - The company reported no conflicts of interest or competition issues with its controlling shareholders[179]. Strategic Initiatives and Future Plans - The company plans to enhance its collection efforts, leading to a significant increase in customer payments[25]. - The company aims to achieve industry-leading levels in various applications, including government, finance, and energy sectors, through its ongoing R&D projects[99]. - The company is focused on expanding its market presence in quantum communication technology, with ongoing R&D efforts and strategic partnerships[158]. - The company plans to enhance its market promotion capabilities and improve internal market systems to better serve industry users[164]. - The company intends to build an open industrial ecosystem by collaborating with partners across various fields to integrate quantum security technology into existing ICT frameworks[167]. - The company will enhance service capabilities by developing industry-specific solutions and establishing a comprehensive market service system to meet customer needs[168]. - The company is committed to strengthening ESG management and improving corporate governance to achieve high-quality development[169]. Operational Risks and Challenges - The company has detailed various operational risks and corresponding mitigation strategies in the report[4]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors, highlighting investment risks[7]. - The company faces risks related to the uncertainty of market demand for quantum secure communication products, which may lead to potential declines in operating performance[117]. - The company has implemented measures to mitigate the impact of being placed on the U.S. Entity List, achieving domestic production of core components for its quantum secure communication and quantum computing products[124]. Awards and Recognition - The company has received various certifications, including ISO9001 and ISO27001, and has been recognized as a national high-tech enterprise and a "little giant" enterprise, enhancing its credibility in the market[113]. - The company has been awarded multiple honors, including the 23rd China Patent Silver Award and the first "Golden Flame Award" for brand recognition, which strengthens its brand image[116]. - The company has received multiple awards and recognitions for its contributions to technology and innovation in the quantum field[194].

证券代码：688027 证券简称：国盾量子 公告编号：2023-023 科大国盾量子技术股份有限公司 关于召开 2022 年年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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 05 月 25 日（星期四）下午 16:00- 17:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 5 月 23 日（星期二）至 5 月 24 日（星期 三）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 2023 年 4 月 27 日发布公司 2022 年年度报告，为便于广大投资者更 全面深入地了解公司 2022 年年度经营成果、财务状况，公司计划于 2023 年 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥24,555,303.78, representing a year-on-year increase of 23.69%[7] - The net profit attributable to shareholders for Q3 2022 was -¥16,064,488.63, with a year-to-date net profit of -¥61,430,790.65[7] - Total operating revenue for Q3 2022 was 38,760,808.52, a decrease of 12.8% compared to 44,015,838.90 in Q3 2021[38] - Net profit for Q3 2022 was -61,154,180.46, compared to -44,381,038.42 in Q3 2021, indicating a worsening financial performance[41] - Basic earnings per share for Q3 2022 were -0.77, compared to -0.55 in Q3 2021, reflecting a decline in profitability[41] Research and Development - Research and development (R&D) expenses totaled ¥32,083,367.79 in Q3 2022, accounting for 130.66% of operating revenue, an increase of 39.78 percentage points year-on-year[10] - The company plans to maintain its technological leadership in quantum secure communication and quantum computing through increased R&D investments[19] - Research and development expenses rose to 64,374,819.89, up from 38,555,549.58 in the previous year, highlighting increased investment in innovation[38] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥10,376,508.45 year-to-date[10] - Cash flow from operating activities showed an increase to 114,278,187.50, compared to 77,891,746.41 in the same period last year, indicating improved cash generation[43] - Cash received from operating activities amounted to $166.75 million, compared to $113.13 million in the previous year[47] - Cash paid for operating activities was $177.13 million, a decrease from $205.64 million year-over-year[47] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥1,976,373,867.86, showing a slight increase of 0.01% from the end of the previous year[10] - The company's cash and cash equivalents decreased from ¥656,209,387.48 at the end of 2021 to ¥446,637,660.91 by September 30, 2022, representing a decline of approximately 32%[28] - Total liabilities amounted to 309,472,318.53, slightly up from 303,173,013.30, suggesting stable financial leverage[38] - The company reported a decrease in accounts payable from ¥69,846,399.48 at the end of 2021 to ¥53,243,453.93 by September 30, 2022, a decline of about 23.9%[30] Shareholder Information - The total number of common shareholders at the end of the reporting period was 14,995, with the largest shareholder holding 10,800,000 shares, accounting for 13.47%[21] - The number of shares held by the top ten shareholders included significant stakes from state-owned entities, indicating a strong institutional presence[21] Government Support - The company received government subsidies amounting to ¥12,876,864.23 in Q3 2022, contributing to the financial results[11] Investment Activities - Cash inflow from investment activities reached $746.93 million, compared to $690.43 million in the previous year[47] - Cash outflow from investment activities was $1.01 billion, up from $756.50 million year-over-year, resulting in a net cash flow from investment activities of -$262.74 million[47] - Cash received from investment income was $9.25 million, up from $8.43 million year-over-year[47] - Cash received from the recovery of investments was $737.62 million, compared to $682 million in the previous year[47] Other Financial Metrics - The weighted average return on equity (ROE) for Q3 2022 was -0.96%, an increase of 0.59 percentage points compared to the previous year[10] - The basic earnings per share for Q3 2022 was -¥0.20, with a year-to-date figure of -¥0.77[10] - Total current assets as of September 30, 2022, were ¥1,383,766,830.11, slightly down from ¥1,385,422,199.84 at the end of 2021[30] - Long-term equity investments decreased from ¥51,464,959.63 at the end of 2021 to ¥35,489,513.07 by September 30, 2022, a reduction of approximately 31%[30] - Total equity decreased to 1,666,901,549.33 from 1,673,089,040.18, reflecting a decline in shareholder value[38] - The company reported a significant increase in sales expenses to 19,474,309.61, compared to 14,462,446.02 in the previous year, indicating higher marketing efforts[38] - Investment losses were reported at -3,903,699.17, a significant decline from investment gains of 4,918,217.42 in the same period last year[38]

Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2022, representing a year-on-year increase of 25%[11]. - The company's operating revenue for the first half of the year was ¥14,205,504.74, a decrease of 41.21% compared to ¥24,163,755.07 in the same period last year[18]. - The net profit attributable to shareholders was -¥45,366,302.02, reflecting a decline due to decreased operating revenue and increased share-based payment expenses[18][21]. - The basic earnings per share decreased to -¥0.57 from -¥0.24 year-on-year, indicating a decline in profitability[20]. - The company reported a total revenue of 33,780.51 million RMB, with a net profit of 6,571.50 million RMB, representing a year-on-year increase of 14,875.40 million RMB[59]. - The company reported a net profit attributable to shareholders of -45,366,302.02 RMB, resulting in a basic earnings per share of -0.57 RMB[154]. - The company’s total comprehensive loss for the first half of 2022 was CNY 45,603,790.40, compared to CNY 19,074,330.05 in the same period of 2021, indicating a significant increase in losses[181]. Research and Development - The company plans to invest RMB 50 million in research and development for new quantum technologies in the second half of 2022[11]. - Research and development expenses accounted for 462.60% of operating revenue, an increase of 329.08 percentage points compared to the previous year, reflecting a significant investment in R&D despite declining revenue[20][21]. - The company achieved a total R&D investment of approximately ¥65.71 million, representing a significant increase of 103.69% compared to the previous year[44]. - The number of R&D personnel increased to 204, accounting for 51.78% of the total workforce, up from 50.66% in the previous year[62]. - The company has made significant advancements in quantum measurement technology, focusing on improving measurement performance indicators and challenging classical measurement limits[37]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, with plans to establish partnerships with local firms by the end of 2022[11]. - The management has set a revenue target of RMB 500 million for the full year 2022, which would require a 20% increase in the second half[11]. - The company aims to expand its market presence by providing quantum security solutions across various sectors, including government, finance, and power[26][27]. - The company is focused on expanding its market presence through strategic investments in quantum technology and related sectors[88]. - The company is committed to deepening collaborative efforts across various sectors, including mobile communications, power, finance, and industrial internet, to provide "quantum+" security services[74]. Technological Advancements - The company is a pioneer in the commercialization of quantum information technology, focusing on quantum secure communication products and quantum computing equipment[26]. - The company has achieved quantum computing superiority through the development of a 66-qubit programmable superconducting quantum computing prototype, making China the only country to achieve this in two technological routes[35]. - The "Mozi" quantum satellite has achieved the world's first star-ground quantum secure communication, validating the feasibility of global quantum secure communication based on satellite platforms[30]. - The quantum key distribution (QKD) technology is recognized globally, with the U.S. and EU committing to develop quantum communication networks, projecting significant business growth in quantum cryptography over the next decade[32]. - The company has developed quantum communication products that are currently in use in thousands of kilometers of optical fiber quantum secure communication networks[64]. Risks and Challenges - The management highlighted potential risks including regulatory changes and competition in the quantum technology sector[11]. - The company faces risks related to technology development, including the potential failure to keep pace with innovations in quantum information technology[77]. - The decline in net profit was attributed to reduced operating revenue, increased share-based payment expenses, and losses from associated enterprises[21]. Shareholder and Equity Information - The company has a total of 655,939,443.39 RMB in capital, with 535,092,243.39 RMB in total assets reported[149]. - The total number of ordinary shareholders was 15,298 as of June 30, 2022[156]. - The top shareholder, Zhongke Daxue Asset Management Co., Ltd., held 10,800,000 shares, representing 13.50% of the total shares[158]. - The company has a total of 10,800,000 shares with limited sale conditions held by Zhongke University Asset Management Co., Ltd., which will be restricted for 36 months from July 9, 2023[161]. - The report highlights that the top ten shareholders collectively hold a significant portion of the company's equity, reflecting strong investor confidence[161]. Cash Flow and Financial Position - The net cash flow from operating activities improved to ¥2,705,844.67, compared to -¥52,713,117.18 in the previous year, driven by increased sales collections and government subsidies[19][21]. - The total cash and cash equivalents at the end of the period were CNY 532,047,625.04, down from CNY 795,110,681.80 at the end of the first half of 2021[188]. - The cash inflow from operating activities for the first half of 2022 was CNY 114,530,188.36, an increase of 27.3% compared to CNY 90,031,516.23 in the first half of 2021[187]. - The company received government subsidies amounting to CNY 7,088.07 million, CNY 4,511.33 million, and CNY 3,405.12 million over the last three periods, indicating a reliance on government support[79]. Compliance and Governance - The company has established strict compliance with relevant laws and regulations regarding related party transactions to protect the interests of Keda Guandong and its shareholders[133]. - The company will fulfill its information disclosure obligations when reducing shares[115]. - The company has committed to repurchase shares if the stock price falls below the audited net asset value per share within three years of its IPO[124]. - The company guarantees that its prospectus does not contain false records or misleading statements[128]. - The company will compensate investors for losses incurred due to false records or misleading statements in the prospectus[128].

Financial Performance - The company has not achieved profitability since its listing [5]. - The company's operating revenue for 2021 was ¥179,153,578.49, representing a year-on-year increase of 33.55% compared to ¥134,147,621.51 in 2020 [28]. - The net profit attributable to shareholders for 2021 was -¥37,136,215.33, a decrease of 225.93% from a profit of ¥29,488,555.46 in 2020 [28]. - The net cash flow from operating activities for 2021 was -¥64,107,297.05, a decline of 337.03% compared to ¥27,046,444.74 in 2020 [28]. - The total assets at the end of 2021 were ¥1,976,262,053.48, an increase of 2.66% from ¥1,924,965,260.18 at the end of 2020 [28]. - The net assets attributable to shareholders at the end of 2021 were ¥1,665,342,741.20, a slight decrease of 0.34% from ¥1,671,032,855.39 at the end of 2020 [28]. - The company reported no cash dividends for the fiscal year 2021 and will not increase capital reserves or issue bonus shares [8]. Research and Development - The company's R&D expenditure accounted for 50.81% of operating revenue in 2021, an increase of 5.42 percentage points from 45.39% in 2020 [31]. - Research and development expenses for the year amounted to 91.02 million RMB, a year-on-year increase of 49.47%, representing 50.81% of operating revenue [41]. - The company achieved a total R&D investment of approximately ¥91.02 million in 2021, representing a significant increase of 49.47% compared to the previous year [116]. - The proportion of total R&D investment to operating income rose to 50.81% in 2021, up from 45.39% in the previous year, indicating a stronger focus on innovation [116]. - The company obtained 37 invention patents, 15 utility model patents, and 10 design patents during the reporting period, contributing to a total of 573 intellectual property rights held [110]. - The company holds 292 authorized patents, including 108 invention patents, demonstrating a strong commitment to innovation [131]. Market Expansion and Strategy - The company plans to expand its market presence and invest in new technologies, although specific figures are not provided in the report [9]. - The company plans to continue expanding its market presence in quantum computing instruments [31]. - The company is expanding its market presence in various sectors, including mobile communications, power, finance, and industrial internet, to provide "quantum+" security services [43]. - The company is focusing on expanding its market presence through strategic partnerships and project engagements in quantum communication technology [165]. - The company aims to lead the quantum technology industry by promoting the large-scale industrialization of quantum information technology and maintaining a leading position in quantum secure communication [199]. - The company plans to enhance its core technology capabilities and promote the application of quantum security technology across various industries [200]. Operational Risks and Challenges - The company faces various operational risks, which are detailed in the report [5]. - The company has faced challenges due to changes in product sales structure and increased share-based payment expenses [31]. - The company faces risks related to market demand fluctuations for quantum communication products due to uncertainties in project timelines and the impact of the pandemic [135]. - The company is actively addressing risks from core technology personnel turnover, which could affect innovation capabilities [139]. - The company faces risks related to accounts receivable, with a large balance and negative cash flow from operations potentially impacting financial performance [140]. Partnerships and Collaborations - The strategic partnership with China Telecom has deepened, resulting in the launch of the first commercial "quantum secure communication" product [43]. - The company is involved in the construction of the national quantum communication backbone network, providing core quantum communication equipment and technical services [42]. - The company has established partnerships with research institutions to ensure the effective supply of key components [134]. Product Development and Innovation - The company launched the optimized version of the "ez-Q Engine" for superconducting quantum computing, enhancing performance and usability [44]. - The company successfully developed the "1U" compact polarization encoding QKD product, which is the first of its kind globally and has received certification from the National Cryptography Administration of China [48]. - The company launched the "Quantum Security Service Platform," capable of managing keys for millions of users, providing high-level quantum security protection for both B-end and C-end customers [49]. - The company completed the development of a 24-qubit room-temperature superconducting quantum computing control system, which was listed as a major technological equipment in Anhui Province [50]. - The company has upgraded its superconducting quantum computing room temperature control system and is extending its product line to low-temperature signal transmission systems [99]. Financial Support and Government Involvement - Government subsidies contributed CNY 84.41 million, CNY 70.88 million, and CNY 45.11 million to total profits over the past three years, indicating a significant reliance on government support [143]. - The company is recognized as a national high-tech enterprise and has received various industry awards, enhancing its brand reputation [134]. - The Chinese government is actively promoting the development of quantum technologies through policies and regulations, enhancing the industry's growth prospects [86]. Market Trends and Future Outlook - The quantum secure communication market is expected to grow from approximately ¥210 billion in 2020 to about ¥2.1 trillion by 2035, indicating a significant market expansion potential [88]. - The NISQ quantum computing market demand is projected to reach between £20 billion and £35 billion by 2027, equivalent to approximately ¥180 billion to ¥315 billion [89]. - The quantum secure communication technology has achieved a high level of maturity, with successful integration into sectors such as big data services, government information protection, and financial encryption [81]. - The quantum computing industry is still in its early stages, with significant investment and collaboration needed to address challenges in hardware, software, and algorithms [87].

Financial Performance - The company's operating revenue for Q1 2022 was ¥9,889,301.58, representing a year-on-year increase of 99.68%[7]. - The net profit attributable to shareholders of the listed company was -¥19,608,372.49, with a basic and diluted earnings per share of -¥0.25[7][10]. - The company reported a significant increase in quantum communication product revenue, which was the main driver for the growth in operating income[15]. - Total operating revenue for Q1 2022 reached ¥9,889,301.58, a significant increase from ¥4,952,582.48 in Q1 2021, representing an increase of approximately 99%[33]. - Net profit for Q1 2022 was a loss of ¥19,706,399.56, compared to a loss of ¥13,491,923.17 in Q1 2021, reflecting an increase in losses of approximately 46%[36]. - Basic earnings per share for Q1 2022 were -¥0.25, compared to -¥0.17 in Q1 2021, indicating a decline in earnings per share[38]. Cash Flow - The net cash flow from operating activities was -¥20,384,958.81, indicating a significant cash outflow[10]. - Cash inflow from operating activities in Q1 2022 totaled ¥43,598,355.12, down from ¥54,471,659.51 in Q1 2021, a decrease of about 20%[40]. - The net cash flow from operating activities was -$20.38 million, an improvement from -$36.29 million in the previous period[41]. - Cash outflow from financing activities was $195,368.62, resulting in a net cash flow of -$195,368.62[41]. - The company paid $63.98 million in cash outflows from operating activities, a decrease from $90.76 million in the previous period[41]. Research and Development - The total R&D investment amounted to ¥33,431,703.16, which is an increase of 93.20% compared to the same period last year, accounting for 338.06% of operating revenue[10][16]. - Research and development expenses for Q1 2022 amounted to ¥17,324,280.07, compared to ¥15,367,095.75 in Q1 2021, an increase of approximately 12%[33]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,941,487,053.83, a decrease of 1.76% from the end of the previous year[10]. - The total liabilities of the company as of March 31, 2022, were RMB 275,310,371.59, a decrease of 9.2% from RMB 303,173,013.30[29]. - The company's total assets were RMB 1,941,487,053.83, down from RMB 1,976,262,053.48, indicating a reduction of 1.8%[29]. - The company's long-term equity investments decreased to RMB 44,468,325.89 from RMB 51,464,959.63, a decline of 13.6%[27]. - The total owner's equity as of March 31, 2022, was RMB 1,666,176,682.24, a slight decrease from RMB 1,673,089,040.18[29]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,720, with the largest shareholder holding 13.50% of the shares[18]. Other Income and Expenses - Non-recurring gains and losses totaled ¥18,535,880.38, primarily due to government subsidies and other non-operating income[11][12]. - Total operating costs for Q1 2022 were ¥50,356,349.73, up from ¥38,187,078.60 in Q1 2021, indicating a rise of about 32%[33]. - Sales expenses for Q1 2022 were ¥6,578,277.48, up from ¥5,717,793.47 in Q1 2021, reflecting an increase of about 15%[33]. - Management expenses for Q1 2022 reached ¥25,715,760.83, compared to ¥19,166,786.14 in Q1 2021, indicating an increase of approximately 34%[33]. - Other income for Q1 2022 was ¥17,643,854.61, compared to ¥13,173,722.52 in Q1 2021, representing an increase of about 34%[33]. - Investment income for Q1 2022 showed a loss of ¥2,480,399.53, contrasting with a gain of ¥1,071,246.47 in Q1 2021, indicating a significant decline in investment performance[33].