市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 芬兰量子计算初创公司IQM宣布启动上市计划，将通过与特殊目的收购公司Real Asset Acquisition Corp 合并实现纽约挂牌，拟成为欧洲首批量子领域上市公司之一。该交易对IQM初始股权估值为18亿美元， 尚需获得股东批准并满足监管要求，预计2026年6月完成交易并正式上市，同时IQM正考虑在赫尔辛基 证券交易所推进双重上市。 IQM成立于2018年，2025年9月完成3.2亿美元B轮融资，当时估值达10亿美元，该轮融资由美国网络安 全投资机构Ten Eleven Ventures领投，芬兰风险投资公司Tesi参与其中。IQM主打全栈式开放架构量子系 统，支持本地部署与云端访问，本次合并在无投资者赎回的情况下，有望为公司引入超3亿美元资金， 资金来源涵盖私募股权投资及RAAQ信托账户现金储备。 量子计算技术凭借远超传统计算机的运算潜力，被认为可推动医药、科学和金融等领域实现突破性发 展。虽然当前该技术尚未实现大规模商业环境部署，仍面临多项技术挑战，但行业内已显现积极进展。 瑞银分析师在2026年1月报告中指出： ...

春节假期落幕，A股市场即将迎来节后交易窗口。但在2026年春节假期（2月15日-2月23日）期间，全球资本市场并未休憩。在地缘政治博弈、货币政策 预期与产业技术变革的多重交织下，港股、美股、大宗商品市场均出现显著异动，为节后A股投资布局提供了重要参考。 港股先抑后扬，科技成最大亮点 作为A股节后行情的重要风向标，港股市场在春节期间经历了"先抑后扬"的波动轨迹。恒生指数区间累计上涨1.94%，恒生中国企业指数上涨1.82%，恒生 科技指数微涨0.47%。 | 序号 | 证券代码 | 证券简称 区间涨跌幅 | | | --- | --- | --- | --- | | | | | ［区间首日］2026-02-15 | | | | | [区间尾日] 2026-02-23 | | | | [单位] % | | | 1 | HXC.GI | 纳斯达克中国金龙指数 | -0.5530 | | 2 | HSI.HI | 恒生指数 | 1.9377 | | 3 | HSCEI.HI | 恒生中国企业指数 | 1.8230 | | ব | HSTECH.HI | 恒生科技 | 0.4651 | | 5 | : DJI.GI | ...

IQM指出，截至目前其已向13家客户售出21套其独家研发的量子计算系统，其中包括全球前十大超级计 算中心中的4家。该公司补充称，其在2025年实现了最前沿量子计算技术带来的至少3500万美元的未经 审计营收，并且截至2025日历年末，其在手量子计算业务订单/营收可见度超过1亿美元。 IQM联合创始人兼首席执行官扬·格茨(Jan Goetz)表示："量子计算不再只是科学研究项目。它已经成为 一个早期产业——客户们拥有、运营并在先进量子计算机之上进行项目构建。这正是IQM所能实现 的。" IQM与Real Asset的董事会均已批准拟议的业务合并。 IQM是总部位于欧洲的量子计算核心参与者之一。其他欧洲量子计算领军者方面，CNBC报道称，总部 位于英国的Quantinuum去年通过两轮融资筹集了8亿美元;总部位于西班牙的Multiverse Computing去年在 B轮融资中筹集了1.89亿欧元。IQM核心业务聚焦于超导路线的量子计算硬件/系统(某种程度上的"量子 计算全栈")，该公司打造的量子处理器(QPU)基于超导电路，并把整机交付为可在本地部署的量子计算 机(面向HPC中心等)，同时也支持云端高速访问。 ...

Investment Rating - The investment rating for the industry is "Overweight" indicating an expectation for the industry to outperform the overall market performance [74]. Core Insights - The report highlights significant breakthroughs in quantum key distribution networks, with the successful construction of the world's first large-scale quantum key distribution network based on integrated optical quantum chips, supporting 20 chip users and a networking capability of up to 3700 kilometers [13][18]. - Fujida (920640.BJ) is identified as a representative company in the quantum industry chain, having made early investments in quantum technologies and achieving key technical breakthroughs in low-temperature superconducting RF cables, which are essential for stable signal transmission in quantum computing applications [3][25]. - The report notes that Fujida's revenue for the first three quarters of 2025 reached 652 million yuan, a year-on-year increase of 16.62%, with a net profit of 55.93 million yuan, reflecting a growth of 55.38% [30][28]. Summary by Sections Quantum Key Distribution Breakthroughs - The report discusses the advancements in quantum key distribution, emphasizing the development of a scalable quantum relay module that enables long-distance quantum networks and the successful transmission of device-independent quantum key distribution (DI-QKD) over distances exceeding 100 kilometers [18][21]. Industry Performance - The information technology sector experienced an average weekly increase of 1.68%, with the median price-to-earnings (P/E) ratio dropping to 74.1X [4][31]. - The smart manufacturing sector saw its median P/E ratio rise to 42.5X, indicating positive market sentiment [47][54]. Company Announcements - Fujida's core products are being utilized in superconducting quantum computer projects across domestic research institutions, with current operations focused on small-batch supply, contributing to a growing revenue stream [3][25]. - The report also includes performance forecasts for various companies, with notable expected revenue growth for companies like JinHao Medical and North Mining Testing [68][69].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 丙午马年A股即将开盘，历史数据显示，春节假期后主要股指涨多跌少。整体来看，券商对节后市场普 遍持乐观态度。 港股率先开盘 机器人、AI应用概念大涨 春节假期中，离岸人民币一度升至6.88，海外主要股指多数上涨。 21日，特朗普在社交媒体上发文称，他前一天宣布对输美商品征收的"全球进口关税"税率将从10%提高 到15%，"立即生效"。 国泰海通表示，"对等关税"占到美国关税收入的近60%，因此市场较关注对财政的影响。预期关税最终 会小幅下降2%—3%，并略微推升财政赤字率约0.1%—0.2%。 国联证券分析，理论上违法关税需要返还，但是最高法院并未明确规定返还流程，而且"一刀切"返还的 难度也较大，可能采取"一事一议"模式，由企业通过诉讼或主动申请争取部分返还，但整个过程可能更 为漫长且存在混乱性。从财政影响来看，如果关税全额退还(约1750亿美元)，将会进一步加剧美国财政 压力，造成美国长端利率的上行以及美元的贬值。 2月20日，港股马年率先开市，恒生指数、恒生科技指数均收跌。受央视春晚机器人"炸场"表演影响， 机器人概念股集体大涨，越 ...

Group 1 - The report highlights a breakthrough in quantum key distribution networks, with Chinese scientists constructing the world's first large-scale quantum key distribution network based on integrated optical quantum chips, supporting 20 chip users and a networking capability of 3700 kilometers, achieving international leadership in both user scale and networking capability [3][13][25] - Fujida (920640.BJ) is identified as a representative company in the quantum industry chain, having invested over ten years in quantum-related technology and successfully developing low-temperature superconducting RF cables for use in superconducting quantum computer projects, currently supplying in small batches and generating significant revenue [2][27][28] Group 2 - The average weekly performance of the information technology sector increased by 1.68%, with the median price-to-earnings (P/E) ratio dropping to 74.1X, while the high-end equipment sector's median P/E ratio decreased to 34.8X [4][31][34] - In the technology new industry, 75 out of 159 companies saw an increase in stock prices, with the median P/E ratio rising from 40.6X to 42.3X, and total market capitalization increasing from 5273.55 billion to 5374.97 billion [5][48][49] Group 3 - Fujida's revenue for the first three quarters of 2025 reached 652 million, a year-on-year increase of 16.62%, with a net profit attributable to shareholders of 55.93 million, up 55.38% year-on-year [30][28] - The report indicates that Fujida is expected to achieve a net profit of between 76.90 million and 84.80 million for the full year of 2025, representing a growth of 50.41% to 65.86% compared to 2024 [28]

《科创板日报》2月22日讯（记者 黄修眉）除夕夜，春节晚合肥分会场《合韵满江淮》一亮相，就凭实力刷屏全网。我国著名量子科学家潘建伟院士及团 队，携世界首颗量子科学实验卫星"墨子号"模型，亮相合肥分会场。 安徽新闻联播官方公众号） 2026年开年以来，在量子科技领域，中国科学家纷纷交出让全球同行惊叹的答卷。 2月12日，《自然》期刊发表了北京大学王剑威教授、龚旗煌院士团队的重要成果：经过6年多技术攻关，他们研制出两款核心芯片，成功构建全球首个基于 集成光量子芯片的大规模量子密钥分发网络，这个网络被命名为"未名量子网络"； 此前1月28日，中国科学院物理研究所科研团队在《自然》杂志发表论文，展示了在超导量子芯片实验中掌握量子系统热化节奏的成果。这项研究创新性地 采用随机多极驱动技术，在量子系统热化调控领域取得重要突破，为未来量子计算机的实用化奠定了基础。 实际上，着眼若从科研转向产业，我国量子科技领域科研的发展，在理论不断实现突破的同时，投融资开始快速转化成项目。这背后，则是市场认为量子计 算技术正从实验室研发加速迈向产业应用的关键窗口期。 东方嘉富、君联资本、中科创星等机构"押宝"量子科技 "推动量子科技、生物 ...

智通财经APP获悉，有媒体援引知情人士透露的消息报道称，华尔街超级金融巨头摩根大通(JPM.US)已 任命一组来自美国政府的资深领导人，以加速推进其进入与美国国家安全和经济韧性相关的核心行业的 重大战略投资规划。该金融巨头于去年10月推出了为期10年且规模高达1.5万亿美元的"安全与韧性倡 议"(简称SRI)雄心壮志，旨在主导并加速促进半导体、量子计算、国防军工、能源、稀土、人工智能和 关键基础设施等关键行业的大规模融资和投资。 此前在2025年10月，摩根大通重磅宣布 "安全与韧性计划(Security and Resiliency Initiative)"——十年投 资总量1.5万亿美元，用于"促进、融资和投资"关乎美国经济与国家安全的核心产业。该项计划的重点 涵盖四大最关键方向：美国核心供应链与先进制造(含稀土等关键矿产、医药前体、机器人等)、国防与 航天、能源独立与多元化韧性、最前沿与核心战略类技术趋势(AI、核聚变、网络安全以及量子计算 等)。 凯文·奎因(Kevin Quinn)加入担任SRI美国核心前沿和战略技术负责人，他此前曾在美国商务部的CHIPS 项目(即芯片法案项目)办公室工作，且担任核 ...

Core Concept - The article discusses the emergence of the quantum internet, which promises unparalleled security, powerful distributed computing capabilities, and applications that surpass classical networks [1]. Group 1: Quantum Fundamentals - Quantum technology operates based on quantum physics laws, showcasing properties like quantum superposition and entanglement [3]. - Quantum bits (qubits) differ from classical bits by being able to exist in a superposition of states, while entanglement allows qubits to remain interconnected regardless of distance [5]. Group 2: Definition and Functionality - The quantum internet is not merely an enhancement of existing internet speed or security; it is a network designed for sharing entangled states, enabling secure key exchanges and quantum information teleportation [6]. - The quantum internet will coexist with the classical internet, where classical channels carry control information and quantum channels distribute entangled states [6]. Group 3: Importance and Applications - For network professionals, the quantum internet represents a mature technology with clear applications, such as quantum key distribution (QKD) for secure key generation and blind quantum computing [7]. - Distributed quantum computing can connect multiple quantum processors through entanglement, achieving exponential speedup compared to classical distributed systems [8]. - Quantum sensing networks will provide unprecedented measurement precision, potentially transforming navigation, astronomical observation, and Earth monitoring [9]. Group 4: Current Progress - The construction of the quantum internet is progressing in phases, starting with the deployment of basic QKD networks in urban and satellite communications [10]. - Subsequent phases include demonstrations of entangled state distribution, quantum storage networks, fault-tolerant networks based on logical qubits, and a complete quantum internet supporting distributed quantum computing [10]. Group 5: Challenges Ahead - Building the quantum internet involves addressing challenges that classical physics cannot compare to, such as the need for quantum repeaters to extend entangled state transmission distances and new error correction mechanisms to combat noise and decoherence [11]. - Despite these challenges, there is strong momentum with significant investments from governments, research institutions, and industry leaders in prototype and testing platforms [11]. Group 6: Future Outlook - The quantum internet will not replace the existing internet but will expand its capabilities in unimaginable ways, warranting attention from network operators [12]. - This new type of network, leveraging quantum mechanics, is expected to create secure, collaborative, and powerful applications, marking the beginning of a transformation comparable to the transition from telegraph to internet [12].

点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 人工智能算力突破的物理边界、量子计算工程化的核心瓶颈、深空探测的极端环境挑战、高端制造的自主可控难 题，背后都藏着材料科学的终极较量。2025年，中国新材料产业迎来历史性转折： 告别"跟踪仿制"的被动模式，全 面打响"堡垒材料守底线、攻坚材料争主权、融合材料定义未来"的三维战争 。 这一年，第四代单晶高温合金实现量产，打破西方 60 年航发材料封锁；12 英寸硅片自给率翻倍，半导体材料国产 化再提速；AI 赋能研发让新材料迭代效率提升 3 倍…… 无数突破串联起中国从材料大国迈向材料强国的坚实脚 步。 本文将 全景扫描2025年三大战线的关键突破，拆解技术攻坚细节，绘制2026年体系化决战的战略地图 。从国家重 大工程到产业链自主可控，从实验室创新到产业化落地，你关心的核心进展与未来方向，都在这份深度报告中。 | 战场名称 | 战略定位 | 核心目标 | 2025 关键突破 | | --- | --- | --- | --- | | 堡垒材料 | 筑牢国家安全底线 | 极端环境下的绝对可靠 | 第四代单晶高温合 ...