Company News - Sanhua Intelligent Control expects net profit attributable to shareholders to be between 3.874 billion and 4.649 billion yuan, representing a year-on-year growth of 25%-50% [2] - Yongding Co., Ltd. plans to increase capital and introduce external investors for its subsidiary, Dingxin Optoelectronics, raising a total of 55 million yuan [2] - Ningbo Huaxiang's subsidiary signed a strategic cooperation agreement with Shenzhen Dahuang Robot Technology to enhance collaboration in the development and manufacturing of general humanoid robot dexterous hands [2] - Tongyu Communication's subsidiary plans to introduce investors through capital increase, with a total investment of 10 million yuan [2] - Reader Culture announced that its controlling shareholder is planning a change in control, leading to a temporary suspension of its stock [2] Industry News - Quantum Computing: A significant advancement in quantum error correction was achieved by a team at the University of Science and Technology of China, laying a foundation for practical quantum computers [6] - Commercial Space: The 2025 Third Commercial Space Development Conference will be held on December 24, focusing on national policies and key technology discussions [7] - Hainan Free Trade Zone: The full island closure operation officially started, with Sanya reporting a sales figure of 118 million yuan on the first day [8] - Humanoid Robots: The robot rental market has surpassed 1 billion yuan this year, with expectations to grow to at least 10 billion yuan next year [9] - Semiconductor Equipment: The global semiconductor equipment market is expected to reach 133 billion dollars in 2025, driven by AI-related investments [14]

为解决这一问题，研究团队想出了"分区管理"的办法。他们把原子分成5个不同的功能区：寄存区用于存放量子比特，交互区进行计算，测量区用于利用辅 助原子检查误差，储备区则放着备用原子，加载区负责从外部补充新原子。 这样一来，就好比把工厂的生产线分成几个独立车间，即便某个车间出现故障，其他车间仍能照常运转，不会让整个生产停摆。当"工厂"发现某个原子"跑 掉"时，会立即从储备区调出备用原子，放到空缺位置，并将其重置为最低能量状态，使其马上投入运算。同时，完成检查任务的辅助原子也可以被回收， 经过重置后重复使用，实现"边运行边修复"。 为了验证这一机制，研究团队让量子计算机运行了一个重复代码，并连续进行了41轮自检。每轮中，系统都能像替换损坏零件一样，及时补上丢失的原子， 而数据运行不受影响。研究人员表示，如果没有自我修复功能，系统在几轮运算后就会"耗光原子"，无法继续工作。 这项研究表明，中性原子量子处理器在电路运行中可像"回收零件"一样，重新初始化并重复使用辅助原子，这样在量子比特寿命有限的条件下，量子电路也 能连续运转。 来源：科技日报 科技日报记者 张佳欣 就像传统计算机一样，量子计算机也会"出故障"。在运行过程 ...

这样一来，就好比把工厂的生产线分成几个独立车间，即便某个车间出现故障，其他车间仍能照常运 转，不会让整个生产停摆。当"工厂"发现某个原子"跑掉"时，会立即从储备区调出备用原子，放到空缺 位置，并将其重置为最低能量状态，使其马上投入运算。同时，完成检查任务的辅助原子也可以被回 收，经过重置后重复使用，实现"边运行边修复"。 为了验证这一机制，研究团队让量子计算机运行了一个重复代码，并连续进行了41轮自检。每轮中，系 统都能像替换损坏零件一样，及时补上丢失的原子，而数据运行不受影响。研究人员表示，如果没有自 我修复功能，系统在几轮运算后就会"耗光原子"，无法继续工作。 这项研究表明，中性原子量子处理器在电路运行中可像"回收零件"一样，重新初始化并重复使用辅助原 子，这样在量子比特寿命有限的条件下，量子电路也能连续运转。 就像传统计算机一样，量子计算机也会"出故障"。在运行过程中，它们有时会丢失用于计算的原子，这 可能会让计算直接中断。不过，据最新一期《物理评论X》杂志报道，美国量子计算机制造商"原子计 算"展示了一种在运行中能自行修复的中性原子量子计算机，克服了原子损耗的关键难题，为开发可持 续运行的量子计算机奠 ...

早 报 精 选 2、商务部：对原产于欧盟的进口相关乳制品实施临时反补贴措施。 3、国际金银续创新高，COMEX黄金期货、COMEX白银期货均涨超2%。 4、中金所：减半收取2026年股指期货和国债期货交割手续费、股指期权行权手续费。 5、万科A：2022年度第四期中期票据存续期内的本息兑付日之宽限期延长至30个交易日。 宏 观 新 闻 1、 12月22日，中共中央政治局常委、国务院总理李强主持召开国务院"十五五"规划《纲要草案》编制工作领导小组会议，深入研 究《纲要草案》编制工作。李强指出，要进一步明确任务举措，围绕"十五五"规划建议明确的战略任务做好细化实化工作，使规划内 容更加贴近发展需要。谋划一批带动全局的重大工程、重大项目、重大载体。 2、昨日下午，十四届全国人大常委会第十九次会议听取国务院关于2024年度中央预算执行和其他财政收支审计查出问题整改情况的 报告。报告显示，截至2025年9月底，2024年度审计工作报告要求立行立改的2186个问题中，98%已完成整改；要求分阶段整改 的1299个、持续整改的753个问题，制定了时间表和路线图。有关地方、部门和单位共整改问题金额1.04万亿元，制定完善制度 ...

中国科学技术大学教授朱晓波介绍，这类似于很多人来投票，只有每个人的判断都是准确的， 投出来的票才是准确的，否则随着投票人的增多，投出来的票反而更加不准确。因此让每个人 投票的准确度高于一个阈值，才能使团队的优势得以发挥，也就是随着比特数目的增加，越纠 越对。 据央视新闻，记 者从中国科学技术大学获悉，基于超导量子处理器"祖冲之3.2号"， 潘建伟院士团 队在量子纠错方向上实现了"低于阈值，越纠越对"的重大进展，为量子计算机走向实用奠定了重要 基础。 相关成果12月22日在国际学术期刊《物理评论快报》发表。 2025年，中国科学技术大学基于107比特"祖冲之3.2号"量子处理器，提出并实现了全新的"全 微波量子态泄漏抑制架构"。"祖冲之3.2号"处理器在单比特门、两比特门的操纵精度以及读取 准确率方面的性能较前代处理器得以全方位提升。在性能提升的基础上，科研团队结合全微波 量子态泄漏抑制架构，实现了码距为7的表面码逻辑比特，逻辑错误率随码距增加显著下降， 证明了系统已工作在纠错阈值之下，成功实现了"越纠越对"的目标。 准确 快速 权威 专业 7x24h电报 头条新闻 实时盯盘 VIP资讯 据介绍，实现"低于阈值 ...

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **computer industry** and its transformation driven by **AI** technology, highlighting the significant recovery in profitability but noting that valuations are at historical highs, specifically at the 80th percentile [1][2]. Core Insights and Arguments - **AI as a Growth Driver**: AI is identified as the key growth point for the computer sector, with major demand expected from large enterprises in 2026, which will drive the development of cloud and public computing resources [3][4]. - **Market Dynamics**: The call discusses the competitive landscape, indicating that overseas models are beginning to consume SaaS applications, a trend expected to manifest in the domestic market with a one-year delay [4]. - **Data-Driven Transformation**: The software moat is shifting from process-driven to data-driven, with companies that possess exclusive data and demonstrate effective data-driven transformations likely to excel in various sectors such as content creation, customer service, e-commerce recruitment, taxation, and multi-modal justice [5]. Financial Performance - **2025 Recovery Indicators**: The computer industry is experiencing a weak recovery, with contract liabilities increasing by 9.6% year-on-year, revenue growth of 5.1%, and a net profit of 12.41 billion yuan, reflecting a 184% increase compared to the same period in the previous year [6]. - **Valuation Concerns**: Despite the recovery, the stock prices have already reflected these expectations, with current valuations at the 86th percentile since 2016 [6][7]. Market Configuration - **Low Allocation in Computer Sector**: As of Q3 2025, the allocation ratio for the computer industry is at a historical low of 2.3%, indicating market concerns regarding the slow penetration of AI due to weak digital infrastructure [7][8]. Future Trends and Directions - **AI Technology Evolution**: The development of AI technology is shifting from AGI to operating systems, indicating a restructuring of the tech ecosystem rather than a significant increase in productivity [9]. - **Investment Strategies of Tech Giants**: Overseas tech giants are focusing on transformative investments rather than immediate economic returns, with significant capital allocated to enhance future competitiveness [11]. - **Domestic vs. Overseas AI Development**: There is a one-year lag in domestic AI development compared to overseas, with domestic companies having advantages in engineering and localization [12]. Investment Opportunities - **Focus on Technical Resources**: Investment opportunities are primarily concentrated on the technical resources side, particularly in high-complexity scenarios such as autonomous driving, where end-to-end algorithms are becoming crucial [17]. - **Emerging Independent Applications**: In vertical applications like healthcare, taxation, and industrial sectors, independent third-party application companies are expected to emerge, requiring strong industry understanding and data foundations [18][20]. OpenAI's Growth Projections - **Revenue Growth Forecast**: OpenAI's revenue is projected to grow from $4 billion in 2024 to $200 billion by 2030, with a compound annual growth rate of approximately 92% [19]. Conclusion - The conference call highlights the transformative impact of AI on the computer industry, the financial recovery indicators, and the competitive landscape, while also identifying significant investment opportunities in emerging technologies and applications.

据介绍，实现"低于阈值"的量子纠错是全球量子计算领域长期追寻的核心目标，也是验证量子计算系统 能否从原型机走向实用化的关键里程碑之一。这一新的技术路线，也为未来构建百万比特级量子计算机 提供了一种更具优势的解决方案。 人民财讯12月22日电，记者从中国科学技术大学获悉，基于超导量子处理器"祖冲之3.2号"，潘建伟院 士团队在量子纠错方向上实现了"低于阈值，越纠越对"的重大进展，为量子计算机走向实用奠定了重要 基础。相关成果22日在国际学术期刊《物理评论快报》发表。 ...

1.2025年成为中国影史动画电影票房最高一年 3.硅基原子处理器实现11量子比特稳定联通 据最新一期《自然》杂志报道，澳大利亚初创公司SQC研究团队基于硅材料和磷原子构建了一种新型量子处理器，在实验中实现了11个量 子比特的联通，并保持了较高的运行保真度。这是目前规模最大的同类硅基原子量子处理器之一，被认为是量子计算领域的重要进展。 4.公募新发数量创近4年新高，总募集规模与过去两年基本持平 据证券时报，2025年以来，公募基金发行市场的C位悄然易主，曾被视为市场压舱石的债券基金悄然让位，而股票型基金则以十年未见的 强势站上了舞台的中央。与此同时，年内公募基金以新成立1468只基金的数量创下近4年新高，总募集规模与过去两年基本持平。这一量 增价稳的现象标志着市场告别了依靠爆款产品跑马圈地的时代，转向了以权益类基金为主导、创新产品百花齐放的精耕细作的新阶段。 5.据《The Information》报道，OpenAI在人工智能运营方面效率持续提升，其算力利润率于10月达到70%，较去年底的52%显著增长。 6.MiniMax通过港交所聆讯 据网络平台数据，2025年全年动画电影票房突破250亿，成为中国影史动 ...

Group 1: Industry Developments - A Starlink satellite from SpaceX experienced an anomaly, losing contact with the ground and descending 4,000 meters in altitude, with debris posing a potential threat to other satellites [2] - The first L3 autonomous driving license in China was issued to Changan Automobile, marking a significant step towards commercial application of L3 autonomous driving technology [3] - Beijing's humanoid robotics center has open-sourced the XR-1 model, which is the first to pass national standards for embodied intelligence, aiming to enhance the usability of robots in various applications [4] Group 2: Technological Innovations - Turing Quantum and Moore Threads have signed a strategic cooperation agreement to develop a hybrid computing architecture that integrates GPU and quantum processors, focusing on enhancing quantum computing capabilities [5] - Shanghai Jiao Tong University researchers achieved a breakthrough in optical computing chips, supporting large-scale semantic media generation models, addressing the performance gap in traditional chip architectures [7] - Samsung Electronics launched the Exynos 2600, the world's first 2nm mobile application processor, featuring a 113% increase in AI computing power compared to its predecessor [9] Group 3: Corporate Actions - New Unisplendour Group and Shanghai Yidian signed a strategic cooperation agreement to collaborate on artificial intelligence and intelligent computing, aiming to create a comprehensive business cooperation ecosystem [10] - Wallen Technology plans to issue shares to acquire at least 60% of Liao Jing Electronics, which specializes in integrated circuits and electronic components [14] - Tianpu Co. announced the completion of a tender offer by Zhonghao Xinying for 33.52 million shares, representing 25% of the company's total equity [15]

量子程序设计与验证平台"isQ"。 自主研发了国内首个 文｜欧雪 编辑｜袁斯来 来源｜硬氪（ID：south_36kr） 封面来源｜企业供图 硬氪获悉，北京中科弧光量子软件技术有限公司（下称"弧光量子"）近日完成数千万元A轮融资。本轮由北京信息产业发展投资基金独家投资。资金将用 于扩大团队，加快研发，以应对行业发展带来的软件新需求。重点包括两方面：一是适配分布式芯片等新趋势，与硬件协同设计协议和解决方案；二是加 快建设高效量子计算算法库，扩充人才库。 作为国内专注量子基础软件产业化团队，团队在量子编译器的程序理论研究和工程化开发方面处于世界前列，部分成果达到世界领先水平。 依托多年技术的积累，团队自主研发了国内首个量子程序设计与验证平台"isQ"，集设计、编译、验证与模拟于一体。其中国际首创的定理证明器，大幅 提升了量子程序的验证能力，为国产量子软硬件协同发展奠定了重要基础。 图源/企业 据了解，弧光量子是目前国内唯一覆盖多条芯片路线、贯穿产业全链条的量子计算软件企业，产品已部署于国盾量子（超导）、华翊量子（离子阱）等主 流量子计算系统；各类客户包含中电信量子、中移动量子研究院、中国石化、国药生物等大型企业。 ...