强达电路在互动平台表示，公司已与部分量子计算领域的单位建立了合作关系，共同推进技术探索与应 用对接。且公司"多品种、小批量、高品质、快速交付"的业务特点，与当前量子计算的需求适配，公司 会密切关注市场趋势，进行前瞻性技术布局和储备。 （文章来源：第一财经） ...

玻色量子创始人、CEO文凯在前述工厂启幕仪式致辞中表示，过去几年，团队在相干光源、低损耗光路、高速测控等关键技术上持续攻坚，构建起完全自 主的光量子计算整机工程体系。当前落成的这座工厂，正是这一技术能力的物理体现——它集模块研制、整机组装、质量测试于一体，具备年产数十台专 用光量子计算机的能力，填补了全球在该领域规模化制造的空白。 据玻色量子介绍，光量子计算即利用光的量子特性来进行计算的技术，是一种主流的量子计算技术。比起其他技术路线，光量子计算不需要超低温，且具 有量子比特数规模大、室温稳定运行、相干时间长等多方面的优势，在短期内可实现工程化，是商用量子计算机的新兴形态。 玻色量子1000量子比特相干光量子计算机 11月25日，A股量子科技板块涨幅居前。截至收盘，光库科技"20cm"涨停，格尔软件、永鼎股份、福晶科技涨停，腾景科技、震有科技、国盾量子等跟 涨。 11月24日，中国首个规模化专用光量子计算机制造工厂启幕仪式在深圳南山智城举行，标志着量子计算从实验室迈向产业化。该工厂总面积约5000平方 米，集研发、制造、测试于一体，用于实现光量子计算机的工程化、标准化和规模化生产。预计工厂年产光量子计算机可达 ...

华见早安之声 市场概述 经济数据利好美联储12月降息， 三大美股指三连阳，但部分科技股打压下，盘中曾齐跌。到收盘，道指涨超1%，标普和纳指齐创近两周新高。 英伟达盘中 跌超7%，收跌2.6%、在科技七巨头中独跌，英伟达AI链齐跌，CoreWeave收跌超3%；谷歌AI链走高， 谷歌涨超1%、三日连创历史新高，博通涨近2%，逼 近纪录高位，传出考虑用谷歌TPU后，Meta涨近4%。 中概指数跑输大盘，公布财报后，小马智行收涨近6%、阿里先涨后跌、收跌超2%、蔚来跌超4%。 美劳动力市场疲软、核心PPI增长低于预期，美债价格再涨，十年期美债收益率本月内首次盘中下破4.0%。美元指数两日跌离近半年高位；离岸人民币盘中 涨超200点、13个月来首次盘中涨破7.08；连日反弹的加密货币回落，比特币盘中跌超3%跌破8.7万美元。 投资者关注俄乌和平前景， 原油回落至一个月低位， 盘中跌近3%。黄金期货三连涨，涨超1%、收创新高。 亚洲时段，A股和港股震荡收涨，创业板涨1.77%，"谷歌链"爆发，恒科指涨1.2%，科网股跟进涨势。 要闻 美国经济数据显示降息可能性增加：9月PPI环比增0.3%，能源成本推动通胀抬头， 核心 ...

中国首个规模化专用光量子计算机制造工厂启用仪式现场展示相关数据和设备。 11月24日，我国量子计算在深圳南山迎来历史性突破:中国首个规模化专用光量子计算机制造工厂在南 山智城启用。该制造工厂的落地，标志着我国量子计算正式从"实验室原理验证"迈入"工程化量产"新阶 段，不仅填补了全球光量子计算机规模化制造的行业空白，也为我国在全球量子科技竞争中抢占产业化 先机奠定关键基础。 政策面上，"量子科技"被写入《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》，与 生物制造、氢能和核聚变能、脑机接口、具身智能、6G等并列为前瞻布局的未来产业。 迎产业化里程碑 工厂的核心竞争力体现在严苛的制造标准与完善的技术保障体系。魏海介绍，光量子计算机共7大制 程、223道工序、1000余个工步，位于南山区的这个全国首个规模化专用光量子计算机制造工厂总面积 约5000平方米，主要划分为两大功能板块:万级洁净生产区和综合配套支持区。 中国首个规模化专用光量子计算机制造工厂启用仪式现场展示相关数据和设备。 建立可复制、可扩展的量子硬件制造标准 "这座工厂的落成，不仅是生产线，更是连接基础科学与产业应用的'桥梁'。"中国科学院院 ...

Quantum computing is advancing fast. This fund gives investors an early, diversified way in.Compared to the tech of just five to 10 years ago, artificial intelligence can feel revolutionary. It's come so far, so fast that it almost feels like we're living in the future right now.What if I told you that there was another technological leap ahead of us?Quantum computing may still be years off from becoming a reality with real-world applications, but the pace of progress over the past few years is making it fe ...

明日主题前瞻 1、太空算力 | 据无锡产权交易所公告，"梁溪星座"项目公开招标，项目业主为无锡市星算科技有限公司，资金来自自筹，合同估算价4.5亿元。"梁溪星 座"项目，建设由12颗智算卫星组成的星座，所有卫星实现3D打印增材制造，搭载全球领先的"梁溪造"超级算力载荷，完成组网后总算力不低于20P，内容 涵盖梁溪星座的整体解决方案，包括卫星研制、运载发射、频率占用、测运控及运营服务等。 点评：证券时报指出，随着人工智能（AI）的爆发式增长，算力需求呈指数级攀升，传统的地面数据中心在能源消耗、散热效率和土地资源方面正面临前 所未有的瓶颈。当前，能源成为AI发展的重要瓶颈之一，太空算力凭借其特有优势成为中美布局的重要方向，有望成为未来算力的重要组成部分，从而带 动产业快速发展。太空算力围绕 "空天地一体化信息网络" 展开，覆盖卫星制造、核心芯片、数据处理、通信链路等多个关键环节，每个环节都孕育着投资 机会。 2、人工智能 | 阿里巴巴发布2026财年第二季度财报，当季实现营收2478亿元，其中云智能集团收入398.2亿元，均超出市场预期。阿里巴巴集团首席执行官 吴泳铭表示，公司在AI技术和基础设施平台等领域大力战 ...

（原标题："一展两城"，这场全球智能科技盛会将在12月开启！） 南方财经 21世纪经济报道记者 袁思杰 广州报道 当前，全球科技竞争格局正经历深刻变革，人工智能、量子计算、低空经济等前沿技术迅猛发展，不断推动产业形态与竞争范式重构。作为新一 轮科技革命的核心驱动力，智能机械与电子产业已成为世界各国竞相布局、争夺未来发展战略主动权的关键领域。 11月25日，记者在媒体通气会上了解到，由中国电子商会主办的首届全球智能机械与电子产品博览会（AIE）将于12月4日至6日以"一展双城"模 式，在澳门威尼斯人金光会展中心与珠海国际会展中心同步举办。 中国电子商会常务副秘书长、AIE组委会秘书长刘英在会上表示，本次AIE首创"澳门+珠海"双城联动模式，总展览面积达7万平方米，共分六大主 题展馆，吸引了1200余家企业参展，覆盖俄罗斯、泰国、巴西、匈牙利、新加坡、美国、德国、日本、韩国、立陶宛、罗马尼亚等国家。 据悉，本届AIE将在澳门、横琴设置智能装备与工业互联网馆、智能交通与未来出行馆、智能家居与健康科技馆、智能视听与元宇宙馆、创投新 概念与国际展区馆、智能通信与物联网馆等六大主题展馆。重点展示智能机械与电子产品上下游产 ...

Group 1: ETF Market Growth - The total scale of ETFs in Shanghai and Shenzhen has exceeded 5.7 trillion yuan, with 772 ETFs in Shanghai valued at 40,847.47 billion yuan and 559 ETFs in Shenzhen valued at 16,246.33 billion yuan [1] - Recent regulatory changes by the China Securities Regulatory Commission have optimized the ETF registration and listing review process, potentially enriching product supply and attracting more long-term capital into the market [1] Group 2: Financial Support for Consumption - Various regions have announced financial policies to support consumption, focusing on encouraging consumer-oriented companies to go public and guiding financial institutions to utilize loans for consumption and elderly care [1] - Supporting high-quality consumer companies is expected to enhance corporate credibility, expand quality supply, and optimize consumption structure [1] Group 3: Share Buybacks by Listed Companies - A-share listed companies have shown strong enthusiasm for share buybacks, with 1,859 buyback plans implemented this year, involving 1,365 companies, and 365 companies completing buybacks exceeding 100 million yuan [1] - The total buyback amount has reached approximately 227.5 billion yuan, signaling positive market sentiment and investor confidence [1] Group 4: Copper Industry Challenges - Copper prices have reached historical highs, but rising raw material costs are significantly impacting downstream operations, with 18% of small and medium-sized enterprises in the copper supply chain reducing production [2] - Many copper smelting plants are facing raw material shortages, leading to increased operational pressures and a potential shift towards aluminum in various applications due to cost advantages [2] Group 5: Quantum Computing Development - China's first optical quantum computer manufacturing plant has been established in Shenzhen, covering approximately 5,000 square meters and integrating R&D, manufacturing, and testing [3] - The plant aims to achieve engineering, standardization, and large-scale production of optical quantum computers, marking a significant step in the country's quantum computing capabilities [3] Group 6: Investment in Robotics - Three listed companies, Longqi Technology, Ningbo Yunsheng, and Ningbo Huaxiang, have announced plans to invest in a new venture capital fund focused on the embodied intelligence industry [5] - The fund aims to stimulate the growth of the supply chain ecosystem by investing in early-stage innovative companies within the industry [5] Group 7: Xiaomi Stock Buyback - Xiaomi Group's founder Lei Jun has personally invested over 100 million Hong Kong dollars to increase his stake in the company, raising his ownership to 23.26% [5] - The company has conducted significant stock buybacks, totaling over 2.3 billion Hong Kong dollars this year [5] Group 8: New H Shares Issuance - UBTECH has announced a placement of 31.468 million new H shares at a discount of approximately 11.39% from the previous closing price [6] - LeMo Technology plans to globally issue 5.5556 million H shares, with a maximum price of 40 Hong Kong dollars per share [7] Group 9: Control Change in ST Lvkang - ST Lvkang has undergone a change in controlling shareholder to Zongteng Network, with the actual controller now being Wang Zuan [8] - This change is not expected to have a significant adverse impact on the company's main business and operating performance [8] Group 10: Lithium Hexafluorophosphate Supply - Xinzhou Bang has reported that its self-supply ratio of lithium hexafluorophosphate is currently between 50% and 70%, with plans to maintain this level while optimizing costs [9] - The company aims to balance cost control with external partnerships to ensure supply chain stability [9] Group 11: Stock Issuance by Guangxun Technology - Guangxun Technology's application for a specific stock issuance has been accepted by the Shenzhen Stock Exchange, pending further regulatory approvals [10]

Summary of Key Points from the Conference Call Industry or Company Involved - The conference call discusses various sectors including AI computing, telecommunications, quantum computing, and optical modules, with a focus on companies like Google and domestic firms in China. Core Insights and Arguments 1. **AI Computing Sector**: - The introduction of Google's multimodal understanding model is expected to enhance performance in optical modules and OCS optical switching, benefiting related companies in the supply chain [1][3][4] - Optimistic revenue forecasts from companies like Opai, projecting $125 billion by 2029 and $200 billion by 2030, indicate a strong investment outlook in AI computing despite short-term trading pressures [1][3][4][5] 2. **Telecommunications Operators**: - High dividend yields make telecom operators attractive as dividend assets, with resilient profit margins expected to sustain steady growth and substantial dividend returns despite macroeconomic pressures [1][6] 3. **Quantum Computing Developments**: - The superconducting route in quantum computing is slightly ahead, with companies like Benyuan Quantum initiating IPOs. The value of a single quantum computer can reach tens of millions of dollars, highlighting the importance of dilution refrigerants and superconducting coaxial cables [1][7] 4. **Optical Module Industry**: - The optical module sector is optimistic about 2026, with rising demand for 800G and 1.6T modules. Supply constraints in lasers and optical chips are expected to support performance growth for core companies [1][8][9] 5. **Storage Market Dynamics**: - Strong demand for storage driven by AI is reshaping the market, with traditional PC, server, and mobile markets being impacted. The emergence of "warm data" between hot and cold data is significantly boosting storage needs [1][16] 6. **Investment Strategies for 2026**: - Investment strategies will focus on AI, divided into model end, hardware end, and terminal end, emphasizing large model manufacturers, core chips like GPUs, and new terminal devices such as smart glasses and robots [1][11] 7. **Hardware Market Trends**: - The PCB market is projected to exceed 90 billion yuan by 2026, driven by AI demand, although high-end capacity remains limited [1][14] 8. **Media and Internet Sector Outlook**: - The media and internet industry is expected to see accelerated AI application development and a rebound in content consumption, with significant competition among major players for new traffic entry points [1][20][27][33] Other Important but Possibly Overlooked Content - The gaming industry is anticipated to maintain high growth in 2026, driven by successful titles and community engagement, indicating a strong potential for AI integration [1][30] - Domestic companies are increasingly leveraging AI for business development, with notable success in overseas markets [1][25][29] - The commercialization of AI applications is expected to be driven by user growth, increased payment penetration, and price hikes through premium offerings [1][22][23]

麦肯锡《量子技术监测》研究报告显示，预计到2035年全球量子技术市场规模将达到970亿美元，其中量子计算最具潜力并将占据最大份额，收入规模预计 将从2024年的40亿美元增长至2035年的720亿美元。 21世纪经济报道记者现场获悉，该制造工厂位于南山智城，总面积约5000平方米，集研发、制造、测试于一体，用于实现光量子计算机的工程化、标准化和 规模化生产，相当于造出一条"流水线"。 "这座工厂具备年产数十台专用光量子计算机的能力，填补了全球在该领域规模化制造的空白。"玻色量子创始人兼CEO文凯表示。 政策面上，"量子科技"被写入《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》，与生物制造、氢能和核聚变能、脑机接口、具身智能、 6G等并列为前瞻布局的未来产业。 11月24日，中国首个规模化专用光量子计算机制造工厂正式落地深圳南山区。 相较其他技术路线，光量子计算不需要超低温，且具有量子比特数规模大、室温稳定运行、相干时间长等多方面优势，在短期内可实现工程化，是商用量子 计算机的新兴形态。 据不完全统计，全球范围内，芬兰量子计算公司IQM、欧洲量子计算服务提供商Quandela、美国量子计算公司Io ...