通信：新质生产力系列报告-量子信息技术乘风起，加速产业链发展变革

Industry Investment Rating - The report maintains a "Stronger than the Market" rating for the quantum information technology industry [1] Core Views - Quantum communication, quantum computing, and quantum measurement are the three main application directions of quantum information technology [2] - China's quantum communication infrastructure is at a leading level globally, with a projected global quantum communication industry size of $7.85 billion by 2030 [2] - Quantum computing hardware is developing along multiple technical routes, with IDC predicting a CAGR of 48.1% from 2022 to 2027, reaching $7.6 billion by 2027 [2] Quantum Communication - Quantum communication is currently in the first stage of development, focusing on quantum key distribution, quantum secure direct communication, quantum teleportation, and quantum digital signature technologies [14] - China has built a quantum backbone network and metropolitan area network, and launched quantum communication satellites, forming an integrated quantum key distribution network [26] - The global quantum communication market is expected to reach $7.85 billion by 2030, with China's market size projected to reach 22.855 billion yuan by 2030 [35][36] Quantum Computing - Quantum computing provides exponential acceleration and has five major technical paths: superconducting, ion trap, silicon semiconductor, photonic, and neutral atom [38] - The quantum computing market is expected to grow from $1.1 billion in 2022 to $7.6 billion by 2027, with a CAGR of 48.1% [70] - Key application areas for quantum computing include finance, energy, materials, life sciences, and advanced industries [71] Investment Recommendations - Network operators/platforms: China Mobile, China Unicom, China Telecom [74] - Software platforms: Digital China [74] - Quantum computing/communication: QuantumCTek [74] - Quantum chips: NationalChip [74] - Optical fiber and cable: Hengtong Optic-Electric [74] - Components: Tengjing Technology, Accelink Technologies [74]