（记者 胡玲） 每经AI快讯，有投资者在投资者互动平台提问：公司作为BIAN成员、ISO 20022标准参与方，主导6项 量子通信国家/行业标准。请问公司在金融科技国际规则制定中的话语权，如何转化为商业竞争优势？ 已制定标准在行业内的推广应用比例，以及为产品带来的溢价空间？后续在数字人民币跨境支付、量子 加密等领域的标准制定计划，是否有国际合作新进展？ 神州信息（000555.SZ）11月24日在投资者互动平台表示，公司作为成功加入国际化银行架构组织—— BIAN（The Banking Industry Architecture Network）的科技企业，积极推动银行架构和服务功能的转 型，快速实现海外客户市场的拓展，公司已与汇丰中国、三菱银行等标杆客户达成合作，积累了宝贵经 验。后续，公司计划以东南亚、中东等新兴市场为重点发力区域，进一步拓展海外业务版图。 ...

11月17日，十五运会深圳赛区执委会采风团走进南方电网深圳供电局开展"深探全运"电力探馆活动，探 寻十五运会深圳赛区的电力护航创新"密码"。据悉，南方电网通过采购7万张绿证，为十五运会深圳赛 区赞助绿电使用量7000万千瓦时，这意味着赛事期间深圳赛区所有比赛场馆将实现100%使用绿电，减 少碳排放约5万吨，相当于植树270万棵。 "绿证是国家能源局核发的绿电'电子身份证'，可再生能源每1000度电量对应1张绿证，它准确记载了绿 电生产时间、生产位置、生产技术类型等信息，能够对绿电进行精准溯源。"据深圳供电局市场及客户 服务部开发及综合管理专责刘迪介绍，本次赛事期间，深圳场馆的绿电主要是来自云南、广西等地的太 阳能。 据悉，今年前三季度，深圳用户绿证交易折合电量141.82亿千瓦时，同比增长38.1%，用户总数同比增 长8.5倍，助力深圳"全绿办赛"。南方电网将在十五运会闭幕式期间创新采用"本地绿电供应+外购绿证 +光储接入"的方式，多模式、多渠道以100%绿电助闭幕式精彩绽放。 当全国供电负荷密度最大的超大城市数字电网遇到史上最大规模的全运会，会擦出怎样的火花？在深圳 供电局生产指挥中心可以找到答案。该中心大 ...

科技创造未来，量子或将重塑汽车。 "前方高能"的量子科技方兴未艾、前程远大，不仅被写入近日发布的"十五五"规划建议，成为前瞻布局 未来产业、打造新经济增长点的重头戏之一，也在汽车行业引发广泛关注。 "量子技术作为引领未来的颠覆性技术群，在提升车辆信息安全、加速新材料与电池研发、优化自动驾 驶决策算法等方面拥有广阔的应用前景。"近期在安徽合肥召开的"量子＋汽车"研讨会上，与会嘉宾就 这一观点形成共识。 量子科技潜力释放正当时 简而言之，量子就是物质世界最小且无法分割的基本单元，而量子科技则是将量子力学原理与信息科 学、计算科学、材料科学等交叉融合，借助量子叠加、纠缠、隧穿等效应，实现信息获取、处理与传递 的全新技术范式。 肉眼不可见的微观量子，正展现出改变宏观世界的惊人能力。"量子科技是我国汽车产业又一次重要机 遇。"中国汽车工业咨询委员会委员陈光祖曾撰文指出，要强化汽车量子化水平的研发和应用。他在接 受记者采访时表示，量子科技打破了传统经典物理的局限，为解决复杂问题提供了全新的思路和方法， 量子科技与汽车产业的融合，将为汽车产业带来一系列革命性的变化。 目前，量子科技已在量子计算、量子通信、量子加密、量子传感 ...

Financial Data and Key Metrics Changes - For Q2 FY 2026, the company reported a net loss of $61 million, an improvement from a net loss of $138 million in Q2 FY 2025, primarily due to a favorable service revenue mix, lower depreciation and amortization, and reduced SG&A expenses [5][17] - Revenue grew by 2% year-over-year to $1.1 billion, with adjusted EBITDA increasing by 3% to $385 million, resulting in a 34% adjusted EBITDA margin [15][17] - Free cash flow for the quarter was $69 million, contributing to a trailing 12-month free cash flow of $147 million, marking three consecutive quarters of positive free cash flow [13][16] Business Line Data and Key Metrics Changes - In the Communication Services segment, awards increased by 35% to $1.03 billion, while revenue grew by 1% to $837 million, driven by growth in Aviation and Government Satcom [18][21] - The Defense and Advanced Technologies (DAT) segment saw awards decline by 9% to $467 million, but revenue increased by 3% to $304 million, supported by growth in InfoSec and Cyber [21][23] - Fixed Services and Other revenue decreased by 16% due to a decline in U.S. fixed broadband subscribers, ending the quarter with 150,000 subscribers [20][17] Market Data and Key Metrics Changes - The backlog increased to $3.9 billion, up approximately $140 million year-over-year, despite the sale of the energy system integration business [17][12] - The DAT segment backlog reached a record of $1.2 billion, up 31% year-over-year and 14% sequentially [7][17] - The company noted a significant uptick in interest for commercial mobile space networks, indicating a growing market for direct-to-consumer device connectivity [9] Company Strategy and Development Direction - The company is focused on launching the ViaSat-3 satellites, which are expected to significantly enhance bandwidth capacity and drive growth in Communication Services [7][8] - A strategic review is ongoing regarding capital allocation and the potential separation of government and commercial businesses to enhance competitive positioning [10][29] - The company aims to optimize its capital structure and reduce leverage, targeting a leverage ratio of 3x net debt adjusted EBITDA or lower [14][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term growth trajectory supported by increased reliance on space-based assets for national security and growing demand for resilient communications [8][24] - The company anticipates continued variability in quarterly performance but expects fiscal 2026 revenue to increase by low single digits year-over-year [23][24] - Management highlighted the potential impact of a U.S. government shutdown on DAT awards and adjusted EBITDA, estimating a delay of up to $100 million in awards [25] Other Important Information - The company plans to spend approximately $1.2 billion in capital expenditures for the year, with a significant portion allocated to the completion of ViaSat-3 [26][28] - The company has moved $175 million in cash from Inmarsat to Viasat, with expectations to transfer a total of $400 million to $500 million over time [28] Q&A Session Summary Question: Update on evaluating the possibility of a split and vertical integration opportunities - Management indicated that they are continuously evaluating options for vertical integration and dual-use systems, with no specific timeline for completion [32][33] Question: Spectrum ownership and monetization strategies - Management confirmed that their spectrum position is substantial and globally coordinated, and they are exploring ways to derive value from it while fulfilling public interest obligations [36][39] Question: Details on the Equatys project and ideal customers - The Equatys project aims to modernize infrastructure for spectrum allocations, with discussions ongoing with regional operators and the European Space Agency [40][43] Question: Backlog growth and recognition cadence - Management emphasized that backlog growth is strong, and they are focused on converting this into future revenue, particularly with the upcoming capacity from Flight 2 [52][54] Question: Defense bookings and demand signals in Europe - Management noted increasing demand for sovereign capabilities in national security, particularly in Europe, and expects this trend to continue [90][91]

Core Viewpoint - The company has developed high-speed link encryption products that support quantum key distribution, which can be widely used in quantum communication and encryption fields [1] Group 1: Product Performance - The recently tested 200G high-speed link encryption gateway shows performance metrics that are several to dozens of times better than traditional solutions, with encryption capabilities exceeding 200 Gbps and latency below 5 microseconds [1] - The product's performance has reached international standards, surpassing mainstream 100G products, and fills a gap in security protection technology for 100G/200G backbone links in the context of "East Data West Computing" and intelligent computing centers [1] Group 2: Application Areas - The product is expected to be widely applied in high-value sectors such as finance, intelligent computing, and data centers, particularly in low-latency scenarios like high-frequency trading, intelligent computing center construction, and secure interconnectivity in backbone networks [1]

Group 1 - The global cybersecurity talent gap is projected to reach 4.8 million by 2025, representing a 19% year-on-year increase [1] - In the United States, there are 514,000 online job openings in cybersecurity, with a fill rate of less than two-thirds [1] - As of the end of 2024, China is expected to have approximately 320,000 certified cybersecurity professionals, with a significant salary disparity between listed and non-listed companies [1] Group 2 - 792 ordinary universities in China have established cybersecurity programs, accounting for 27.1% of the total number of universities [2] - 65.9% of these universities have added AI security courses by 2025, an increase of 15 percentage points from the previous year [2] - The report emphasizes the need for "AI + security" composite talents to be included in national security strategies and suggests various educational and industry collaborations [2]

Industry Overview - The RFID industry in China has been rapidly developing, especially since the Internet of Things (IoT) was included in the national development strategy in 2010 [1][11] - The market size of the RFID industry in China is projected to reach 61.22 billion yuan in 2024, with a year-on-year growth of 4.13% [1][11] - The continuous advancement in integrated circuits and communication technology has led to a decrease in the costs of RFID tags and readers, making the technology more accessible to businesses [1][11] RFID Technology Classification - RFID technology is categorized into four main types based on frequency: Low Frequency (LF), High Frequency (HF), Ultra High Frequency (UHF), and Microwave [2][3] - Each type has distinct characteristics and applications, such as LF for animal tracking and UHF for logistics tracking [3] Industry Development History - RFID technology has historical roots dating back to World War II, with its first commercial applications emerging in the late 20th century [6][8] - The technology has evolved significantly, with various stages of development from theoretical exploration to widespread commercial use [6][8] Industry Value Chain - The RFID industry value chain consists of upstream components like chips and antennas, midstream system integration, and downstream applications in logistics, retail, and security management [9] Key Companies and Market Dynamics - The RFID industry in China features a pyramid-shaped competitive structure, with leading companies like Yuanwanggu and Aerospace Information at the top, focusing on comprehensive industry chain layouts [13][14] - Companies such as Guoxin Wulian and Xinlian Chuangzhan are innovating in chip design and antenna materials, contributing to domestic substitution [13][14] Market Trends - The integration of RFID with AI, edge computing, and 6G technology is driving the industry towards intelligent perception and operational efficiency [18] - New application areas are emerging, including smart agriculture, vehicle networking, and environmental sustainability, expanding the use of RFID technology [20] - The establishment of standards and security measures is crucial for the healthy development of the industry, with efforts to create a comprehensive regulatory framework [21]

Group 1 - The company is currently focusing its exploration of quantum encryption technology on specific scenarios such as law enforcement video transmission encryption, which is in the technology research phase [1] - This research has not yet resulted in any commercial orders or contracts, and has not had a substantial impact on the company's revenue [1]

Group 1 - The company is currently focusing its exploration of quantum encryption technology on specific scenarios such as law enforcement video transmission encryption, indicating that it is in the technology research and development stage [1]

Core Viewpoint - The company Guofu Quantum (00290) has made a strategic investment in Rtree Tech Service Co., Limited to strengthen its position in the Real World Assets (RWA) sector and enhance its digital asset ecosystem [1][10]. Group 1: RWA and Rtree's Role - RWA refers to the tokenization of traditional assets (such as bonds, real estate, and commodities) through blockchain technology, which enhances liquidity, reduces transaction costs, increases transparency, and expands asset categories [3]. - Rtree is positioned as a rapidly growing RWA technology company focused on the tokenization of real-world assets, providing a solid technological foundation for Guofu Quantum's RWA business [3][4]. - Rtree has already launched RWA services such as art collateral lending and on-chain fixed-income bonds, with plans to expand into various asset classes including gold, stocks, ETFs, and futures [4]. Group 2: Strategic Dual-Track Approach - Guofu Quantum's board believes that RWA and stablecoins represent breakthrough directions for the scalability of fintech, with significant potential to reshape asset value [5]. - The company has previously gained market attention by strategically investing in Yuan Coin Technology, which became one of the first participants in the Hong Kong Monetary Authority's stablecoin sandbox [5]. - Guofu Quantum plans to tokenize high-value assets such as art, trade receivables, and letters of credit to improve liquidity ratios and enhance capital returns [6]. Group 3: Compliance and Licensing Advantages - Guofu Quantum possesses a comprehensive licensing matrix, including licenses from the Hong Kong Securities and Futures Commission, which supports its digital asset business [8]. - The company aims to leverage RWA to merge traditional and new financial assets, facilitating the activation of traditional wealth into the new financial ecosystem [9]. - The investment in Rtree and the focus on RWA are seen as strategic moves to capitalize on current market trends while preparing for future opportunities in quantum technology [10].