Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - Macroscopically, the Fed Chair emphasizes the central bank's independence from political intervention, and the market expects the Fed to keep interest rates unchanged for the third - consecutive time. The US consumer confidence index hits a new low, and the inflation rate expectation reaches a new high. The Chinese government emphasizes timely reserve - requirement ratio cuts and interest - rate cuts to support the real economy, which is positive for risk sentiment. - Fundamentally, the resumption of tin mining in Myanmar is in progress, and the Congo's Bisie mine plans to resume production in stages, so the shortage of tin ore is expected to improve in the second half of the year. The smelting end has problems such as low - grade ore shortage in Yunnan and limited waste supply in Jiangxi, with low operating rates. The demand side has a slowdown in tin use for PV welding tapes but significant growth in high - purity tin demand from AI servers and quantum computing. During the current peak demand season, the downstream purchasing atmosphere improves, and inventories decline, but there is also a fear of high prices. - Technically, the trading is cautious with reduced positions, testing the MA60 resistance and paying attention to the MA10 support. The operation suggestion is a light - position long - term thinking, focusing on the range of 25,900 - 27,000 [3]. 3. Summary by Directory 3.1 Futures Market - The closing price of the main futures contract of Shanghai tin is 260,570 yuan/ton, down 2,270 yuan; the 5 - 6 - month contract closing price is down 20 yuan, and the LME 3 - month tin price is 31,975 US dollars/ton, up 212 US dollars. - The main contract position of Shanghai tin is 12,035 lots, down 5,566 lots; the net position of the top 20 futures is - 432 lots, down 947 lots. - The LME tin total inventory is 2,810 tons, unchanged; the Shanghai Futures Exchange inventory of tin is 9,249 tons, down 322 tons; the LME tin cancelled warrants are 430 tons, up 45 tons [3]. 3.2 Spot Market - The SMM 1 tin spot price is 260,200 yuan/ton, down 2,800 yuan; the Yangtze River Non - ferrous Market 1 tin spot price is 260,130 yuan/ton, down 3,050 yuan. - The basis of the Shanghai tin main contract is - 370 yuan/ton, down 530 yuan; the LME tin premium (0 - 3) is - 166.99 US dollars/ton, up 2.01 US dollars [3]. 3.3 Upstream Situation - The import volume of tin ore and concentrates is 1.21 million tons, down 0.29 million tons. - The average price of 40% tin concentrate is 246,300 yuan/ton, down 31,200 yuan; the average price of 60% tin concentrate is 250,300 yuan/ton, down 31,200 yuan. - The processing fee of 40% tin concentrate by Antaike is 11,500 yuan/ton, unchanged; the processing fee of 60% tin concentrate by Antaike is 7,500 yuan/ton, unchanged [3]. 3.4 Industry Situation - The monthly output of refined tin is 1.4 million tons, down 0.16 million tons; the monthly import volume of refined tin is 3,762.32 tons, up 143.24 tons [3]. 3.5 Downstream Situation - The price of 60A solder bars in Gejiu is 169,100 yuan/ton, down 2,270 yuan. - The cumulative output of tin - plated sheets (strips) is 160.14 million tons, up 14.45 million tons; the monthly export volume of tin - plated sheets is 14.07 million tons, down 3.39 million tons [3]. 3.6 Industry News - The Fed Chair emphasizes the central bank's independence from political intervention, and the Fed enters a quiet period. The market expects the Fed to keep interest rates unchanged for the third - consecutive time. - The US April Michigan University consumer confidence index final value is 52.2, a new low since July 2022, and the one - year inflation rate expectation final value is 6.5%, a new high since January 1980. - The Politburo of the Communist Party of China emphasizes timely reserve - requirement ratio cuts and interest - rate cuts to support the real economy [3].

Group 1 - Quantum mechanics is one of the most significant scientific discoveries since the 20th century, leading to the first quantum revolution with major technological breakthroughs such as lasers, transistors, and nuclear magnetic resonance, fundamentally changing daily life [1] - The second wave of the quantum revolution is emerging in the 21st century, giving rise to new technologies like quantum computing, quantum communication, and quantum measurement, which will greatly enhance human capabilities in information acquisition, transmission, and processing [1] - China has formed a regional collaborative development pattern in the quantum computing industry, leveraging research advantages, policy support, and industrial foundations to build a differentiated quantum computing ecosystem [1] Group 2 - China is now the third country in the world capable of delivering complete quantum computers, positioning itself in the first tier of the global quantum computing race [2] - The domestically developed third-generation superconducting quantum computer "Benyuan Wukong" features a 72-qubit superconducting quantum chip "Wukong Chip," capable of executing up to 200 quantum circuit tasks simultaneously, making it the most advanced programmable superconducting quantum computer delivered in the country [2] - The research team behind "Benyuan Wukong" has independently developed key components including quantum chips, measurement and control systems, environmental support systems, and operating systems, establishing China's first superconducting quantum computer manufacturing chain [2]

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自学习时报 ，谢谢 。 半导体产业作为现代工业金字塔尖的"明珠"和数字经济的核心底座，支撑着人工智能、6G通信、 新能源汽车等新兴产业发展，全球市场规模增长迅速。当前，世界百年未有之大变局加速演进，科 技革命和大国博弈相互交织，深刻重塑全球秩序与发展格局，地缘政治紧张局势叠加全球芯片短缺 危机等因素，半导体产业关键地位尤为凸显，主要经济体加速布局半导体产业与技术。 半导体产业正经历广泛而深刻的全球性变革。 半导体产业链涵盖基础材料研发、设备制造上游环 节，芯片设计、制造、封装、测试中游环节，消费电子、汽车电子、AI服务器终端应用等下游环 节，呈现高技术、高资本密集型产业特征。在过去效率优先的传统因素驱使下，各国基于资源禀 赋、技术水平、成本考量、产业基础等差异，充分发挥比较优势进行分工布局，半导体产业链在全 球范围内形成高度垂直化分工格局。如美国主导芯片设计，日本、荷兰聚焦关键材料与设备，东亚 地区凭借成熟供应链和低成本劳动力长期主导制造、封测环节。当前，随着技术不断迭代升级，人 工智能、量子计算等前沿领域的加速突破，以及全球经济格局、地缘政治等多重因素的 ...

"王国的艺术——沙特现当代艺术展"（暂定名）拟汇集约30件（组）沙特现当代艺术家的视觉艺术作 品，以全新视角引领观众探索现代沙特阿拉伯独特的文化面貌，同时揭示古老文化传统在沙特人心中留 下的深刻印记。 "国际友人与中国抗战——纪念中国人民抗日战争胜利80周年主题展"将展示在中国人民进行抗日战争的 艰苦岁月里，许多国际友人以医生、记者、工程师等身份千里迢迢来到中国，通过直接参加战斗、亲临 战场救治伤病员、深入前线报道，谱写了国际主义的英雄赞歌。 "考古中国重大项目——安徽淮南武王墩大墓展"以近年来国内最重要的考古发现之一——武王墩墓出土 文物为基础，向公众展示楚国器用制度、器物的功能与陈设、楚国外交关系，以及楚国在中华文明多元 一体中所发挥的重要作用。 在国际展览方面，"庞贝：永恒的发现"将展出那不勒斯国家考古博物馆以及庞贝和赫库兰尼姆考古公园 的部分文物，并利用各种多媒体技术让参观者清晰有效地了解难以在展览中展示的背景，揭示庞贝最新 的考古发现，为观众提供了一个在过去与现在、古代证据与最新技术之间进行交流的机会。 新京报讯（记者展圣洁）记者从国家博物馆获悉，2025年将正式推出"国家展览"品牌，通过联合国内外 ...

Core Insights - The report aims to establish a framework for evaluating quantum computing application capabilities to promote the development of quantum computing applications [1][2]. Group 1: Research Background - Quantum computing, based on quantum mechanics, possesses powerful parallel computing capabilities but is currently in the Noisy Intermediate-Scale Quantum (NISQ) stage, raising questions about its ability to solve industry problems and outperform classical computing [1][2]. - There is a lack of tools and methods to accurately assess the overall performance of quantum computing, making the construction of an evaluation framework essential [1][2]. Group 2: Industry Scenarios and Demands - High-computing-demand industries such as mobile networks and finance face significant computational challenges, including complex signal processing and optimization problems [1][2]. - The mobile network sector requires solutions for issues like 512×8 dimensional MIMO matrix calculations and 500-cell joint coverage optimization, while the finance sector urgently needs to optimize investment portfolios and manage risks [1][2]. Group 3: Quantum Computing Application Capability Framework - The key indicators of application capability encompass computational demands such as computation time, accuracy, scale, and efficiency, as well as hardware and algorithm performance, enhancement capabilities, scalability, and deployment capabilities [2]. - The report introduces a grading system for quantum computing application capabilities based on the maturity of different types of quantum computing technologies [2]. Group 4: Evaluation Methods for Quantum Computing Application Capabilities - The evaluation is divided into three levels: basic technical capability, application technical capability, and comprehensive application and future prospects [2]. - The report provides examples of quantum algorithm application capability assessments, particularly in the context of mobile network computing demands [2]. Group 5: Standardization Needs for Quantum Computing Application Capability Evaluation - There is a significant need for standardization in evaluation methods due to unclear comprehensive capability indicators and inconsistent evaluation schemes [2]. - Future efforts should focus on advancing standardization from both industrial and academic perspectives, despite challenges such as varying industry maturity and diverse technological routes [2]. Group 6: Summary and Outlook - Evaluating quantum computing application capabilities is crucial for connecting industry demands with quantum computing capabilities, although the integration of industry needs and quantum computing is still in its early stages [2]. - Future attention should be directed towards research and standardization progress to refine the indicator and grading systems, providing more practical references for industry development [2].

【环球网科技综合报道】随着全球科技巨头加速布局量子计算领域，一场围绕"人才争夺战"的暗战已悄 然打响。4月27日，据Business Insider报道，量子计算企业正通过联合高校、开设认证课程等方式，提 前布局技术爆发期所需的人才储备，试图避免人工智能（AI）行业曾遭遇的"用工荒"。 根据全球人力资源咨询公司Randstad去年11月发布的报告，尽管75%的企业已增设AI相关岗位，但过去 一年仅35%的求职者接受过AI专项培训。普华永道发布的《2024年就业晴雨表》进一步印证了这一趋 势：自2016年以来，要求AI专项技能的岗位占比激增700%，是其他岗位增速的3倍，且掌握AI技能的从 业者薪资溢价可达25%。 全球量子技术市场数据和情报提供商The Quantum Insider预测，到2030年该领域将创造约25万个新岗 位，到2035年将飙升至84万个。为应对这一需求，量子计算企业正效仿AI领域的前车之鉴，通过校企 合作提前锁定人才。 "IBM很早就发布了高质量的量子计算教育资源，为行业奠定了早期基础。"加塞尔表示，"如今，像 Pennylane这样的企业也提供了大量免费学习材料，这对新人入门至关重要 ...

Group 1 - The total management scale of public funds in China reached 31.05 trillion yuan as of the end of Q1 2025, with the top ten companies being E Fund, Huaxia Fund, and others [1] - E Fund maintained the largest management scale at 1.95 trillion yuan, with non-monetary fund management at 1.31 trillion yuan [1] - The number of active equity fund managers managing over 10 billion yuan has decreased to less than 100 [1] Group 2 - The overall scale of public funds remained stable at 32.23 trillion yuan as of March 31, 2025, showing little change from the previous quarter [1] - Money market funds dominated the structure, accounting for 41.35% of the total scale, followed by bond funds at 31.24% [1] Group 3 - The investment bank sector is experiencing intense price competition, with a notable case where a company raised 2 billion yuan but paid only 9,000 yuan in fees for underwriting services [3] - This pricing is significantly lower than the typical fee structure, which usually charges around 1% of the raised capital [3] Group 4 - DRAM suppliers have increased prices by 8-10% as OEM manufacturers raise inventory levels ahead of potential tariff changes [4] - Major companies like Samsung, Micron, and SK Hynix are reducing DDR4 production, indicating a shift in supply dynamics [5] Group 5 - The Chinese quantum computer "Benyuan Wukong" has achieved breakthroughs in the biomedical field, marking a significant step in the application of quantum computing technology [6] - Japan has developed a 256-qubit superconducting quantum computer, enhancing computational capabilities significantly [6] Group 6 - The payment industry in China is undergoing a consolidation, with five payment licenses being revoked this year, reducing the number of licensed payment institutions to 170 [7] Group 7 - Companies like Jiu Steel Hongxing and Huirong Technology have announced share buybacks and dividend distributions, reflecting positive financial performance [8][9] - Huirong Technology reported a 23.78% increase in net profit for 2024, while Keli Equipment and Mingyang Electric also reported significant profit growth [10][11] Group 8 - The stock market showed mixed results, with the ChiNext index rising over 1%, driven by strong performances in the robotics and low-altitude economy sectors [14]

站在科技革命与产业变革的交汇点，"创新驱动发展，人才引领创新"已不仅是理论命题，更是躬身实践 的行动纲领。当每个创新主体都能成为人才成长的沃土，当每项创新成果都能转化为发展动能，我们终 将在高质量发展的征程中，书写属于这个时代的创新传奇。（北京市通州区潞邑街道 韩东） 在数字经济与全球化深度交织的今天，"创新驱动发展，人才引领创新"这一理念深刻揭示了创新与人才 在当今时代经济社会发展中的关键作用，已成为国家与企业破局突围的战略共识，这不仅是对历史经验 的凝练总结，更是面向未来的发展密码。创新如同引擎，为发展注入不竭动力，人才恰似舵手，在创新 浪潮中把握航向。 创新是撬动发展的战略支点。从蒸汽机改良引发工业革命，到互联网重构全球经济版图，人类发展史本 质是一部创新驱动的进化史。当前，全球产业链正经历深度重构，唯有以创新为锚点，方能在价值链高 端站稳脚跟。创新不仅是技术突破，更是对生产要素的重新组合，能创造指数级增长的经济价值。在国 际竞争层面，创新力直接决定话语权，美国通过"芯片与科学法案"锁定半导体技术霸权，欧盟以"绿色 新政"抢占碳中和技术高地，皆在验证"创新驱动发展"的战略价值。对于后发经济体而言，唯有构 ...

在各地持续释放吸引外资的强烈信号之际，位于长三角区域的江苏太仓，正以"德企之乡"IP演绎着稳外 资的鲜活样本。2024年，太仓完成实际使用外资4.74亿美元，博泽汽车等16家外企利润再投资2.02亿美 元，占太仓实际使用外资的42.6%，同比增长112.8%。 2023年年初，证券时报记者曾实地探访太仓，探究其成为"德企之乡"的内在动因与发展趋势。时隔两 年，记者近日再次走进太仓，调研这座江南小城的德企投资动态，剖析其为稳外资提供的县域发展样 本。 集聚效应催生投资加速度 "太仓最近两年每年新引进的德企约30家。"中德(太仓)中小企业合作示范区管理办公室主任段月强接受 证券时报记者采访时透露。目前，太仓集聚的德企超过550家，总投资超60亿美元，年工业产值超670亿 元，"隐形冠军"企业有60多家。 伯曼太仓公司2024年年初注册成立，这是在太仓落户的第500家德企。仅一年多的时间，伯曼太仓项目 已从效果图变成了实体工厂建筑。伯曼亚洲&中国首席财务官、太仓项目负责人黄晓桦接受证券时报记 者采访时表示，太仓生产基地目前正处于全面开工建设阶段，预计6月份将竣工验收。 投资1亿欧元新建的伯曼太仓输送分拣设备及输送带 ...

Summary of Key Points from Conference Call Records Industry or Company Involved - The records cover multiple industries including automotive, robotics, marine economy, quantum computing, and military technology. Core Points and Arguments Automotive Industry - The company has launched a full-featured parking-to-parking function, enabling nationwide parking capabilities [1] - Geely has introduced a globally leading L3-level intelligent driving architecture, featuring self-developed control systems and dual-sensor chips with a computing power of 1400 TPS [1] Robotics Development - Domestic humanoid robots are rapidly developing, with the establishment of an innovation center for humanoid robots in collaboration with Shanghai University and Tsinghua University [2] - Tesla's humanoid robot, Optimus, is set to enter trial production this year, with plans to produce 5,000 units and a target of 50,000 units by 2026 [3] Marine Economy - The marine economy in China has surpassed 10 trillion yuan, reaching 10.54 trillion yuan, with a year-on-year growth of 5.9%, outpacing GDP growth [5] - The fastest-growing sectors within the marine economy include the marine shipbuilding industry, which saw a production value of 137 billion yuan and a year-on-year growth of 14.9% [6] Quantum Computing - NVIDIA's new quantum research lab aims to integrate leading quantum hardware with AI supercomputers to accelerate quantum computing solutions [8] - The quantum computing industry is expected to see significant growth, with estimates suggesting a market size of $811.7 billion by 2035 [11] Military Technology - The company anticipates a significant increase in related transactions, with an expected total of 5.59 billion yuan in 2025, reflecting a 124% year-on-year growth [29] - China's military budget is projected to grow by 7.2% in 2025, continuing a trend of high growth in military spending [30] Other Important but Possibly Overlooked Content - The marine economy's growth is supported by various provincial governments emphasizing marine economic policies [4] - The integration of quantum computing with traditional computing is expected to disrupt various industries, with significant advancements anticipated in the next decade [12] - The military technology sector is poised to benefit from both domestic and international demand for precision-guided munitions, with a focus on low-cost solutions [31][32]