北京玻色量子科技有限公司创始人、首席运营官（COO）马寅持类似观点，他将目前量子科技领域的 科研进展总结为"多轮沉淀之后的厚积薄发"。马寅向证券时报记者透露，此前量子科技行业以科研为 主，但近期行业将有一些差异化的应用落地。 作为未来产业布局和发展的重点方向之一，我国在近年来在量子计算、量子通信和量子精密测量三大方 向均取得重大突破。今年3月，由中国科学技术大学科研团队联合国内多家科研机构研制的超导量子计 算原型机"祖冲之三号"正式对外发布，再次打破超导体系量子计算优越性纪录。 过去一年，全球量子科技相关企业数量以及融资金额持续增长且增速加快。据中国信息通信研究院数 据，截至2024年末，全球量子科技相关的重点企业合计超600家，融资超百亿美元。 从科研进展看，量子科技领域尚处于襁褓期，其距离应用层面的突破却并不遥远。蓝驰创投投资人孙登 科对证券时报记者表示，不同于其他技术，量子科技领域呈现出科技研究、工程实施与应用探索一体化 推进的特点。实际上，作为量子科技基础的量子力学理论已经在过去百年间持续稳定发展，使得当前量 子科技在一些工程中应用成为了可能。 4月29日，"深交所·创享荟"举办"知量无穷、知时无止— ...

Group 1 - The core relationship between talent and city development is a "positive proportional" one, where stronger talent competitiveness leads to greater city development momentum and future potential [1][9][11] - Jinan ranks 15th in the national new quality talent competitiveness index, with notable scores in various categories such as 14th in talent supply and 7th in talent ecosystem competitiveness [1][2][5] - The structure of talent today will shape the industrial structure of tomorrow, indicating a strong correlation between new quality talent competitiveness and the accelerated development of new quality productivity in Jinan [1][5] Group 2 - Jinan is focusing on high-end, digital, and green directions, with significant achievements in new quality productivity, including the global launch of advanced materials and successful satellite launches [5][6][7] - The city has established itself as a leader in digital infrastructure, with a digital ecological index ranking 8th nationally and a total of 40 data centers and 54,000 5G base stations [5][6] - Jinan's strategic emerging industries have attracted nearly 400,000 talents, showcasing the city's commitment to integrating high-quality talent with industrial development [5][6][11] Group 3 - The city has made significant strides in quantum technology and aerospace, with successful satellite launches and the development of advanced quantum computing technologies [6][7] - Jinan's intelligent manufacturing sector has achieved remarkable breakthroughs, including the world's largest diameter intelligent shield tunneling machine and record-setting manufacturing feats [7][9] - The city's talent policies are designed to attract and retain a diverse range of talents, with comprehensive support systems in place for various talent categories [10][11][12] Group 4 - Jinan's strategic positioning as a key city for high-quality development in northern China is reinforced by national and provincial planning, enhancing its attractiveness for talent [15][16] - The city has a total talent resource pool exceeding 2.875 million, with an annual influx of tens of thousands of young talents, indicating a strong alignment between talent growth and economic development [15][16] - The ongoing development of Jinan's urban area is expected to create more opportunities for talent, further solidifying its status as a hub for innovation and entrepreneurship [15][16]

4月29日，第二十三期"深交所·创享荟"活动如期而至。"深交所·创享荟"品牌是深圳证券交易所（以下简 称"深交所"）着力打造的重要产业交流平台，以推动企业协同创新、合作赋能为导向，探索形成了"国 家部委+地方政府+产业链龙头上市公司及拟上市企业+市场机构+科研院所"的组织模式，在促进重点领 域、重点行业、重点区域产业交流和资本对接中发挥积极作用。 此次活动围绕"知量无穷、知时无止——量子科技产业化与资本赋能新机遇"主题，邀请来自政府部门、 量子科技企业、科研院所、投资机构、市场服务机构等代表齐聚一堂，共话资本市场助力量子技术领域 新质生产力加速发展壮大。 深交所相关负责人表示，本次活动展现了量子科技产业化发展和应用的美好愿景，深交所将按照中国证 监会统一部署，继续做好资本市场服务，发挥股权融资、科创债、知识产权证券化等工具作用，通 过"培育通""科融通""成长通"及科交中心等全生命周期培育服务平台，助力量子科技等前沿领域和未来 产业高质量发展。 前沿突破与发展挑战并存 近年来，量子科技发展突飞猛进，成为新一轮科技革命和产业变革的前沿领域。从量子计算突破经典算 力极限，到量子通信构建绝对安全网络，再到量子精密测 ...

Group 1 - Hubei province is enhancing its innovation capabilities through six key areas: strength building, spatial layout, technological breakthroughs, achievement transformation, talent aggregation, and innovation ecology [1] - The provincial government plans to accelerate overall improvement by focusing on key breakthroughs and deploying significant tasks, including establishing a high-level laboratory system led by national laboratories [1] - The Wuhan regional technology innovation center will serve as the core, with a "golden triangle" of innovation driving growth [1] Group 2 - The construction tasks of the Wuhan regional technology innovation center have made positive progress, with the main area of "one city, one corridor" taking shape and major innovation platforms being established [2] - Hubei aims to transition the Wuhan regional technology innovation center from "building framework" to "strengthening functions," focusing on integrating technological and industrial innovation to create world-class industrial clusters [2] - The province has introduced various financial support products, such as "Kedang Quick Loan" and "Specialized and Innovative Support," with a total of 17,266 guaranteed business transactions and a guarantee balance of 52.55 billion yuan, reflecting year-on-year growth of 77.7% and 57.9% respectively [2]

Group 1 - The core viewpoint of the report emphasizes the need for a proactive approach in economic management, focusing on domestic demand expansion and self-sufficiency in response to external uncertainties [1][8] - The Politburo meeting highlighted the importance of strengthening bottom-line thinking and preparing contingency plans to ensure economic stability, with a focus on stabilizing employment, enterprises, markets, and expectations [1][8] - The report indicates that expanding internal demand is crucial for countering external shocks and low domestic inflation, with future policies expected to revolve around this central theme [1][8] Group 2 - Domestic economic data for Q1 shows positive signs, with industrial production and domestic consumption showing relative strength, although Q2 may face volatility due to external factors [2][16] - The report notes a potential easing of the "tariff war" between the US and China, which could positively impact market sentiment, but warns that formal trade negotiations have not yet commenced, leaving external trade risks high [2][17] - The report suggests that the capital market may benefit from strong signals of domestic demand expansion, with sectors such as consumer goods, real estate, and technology being highlighted for potential investment opportunities [3][18] Group 3 - The report identifies specific sectors that may benefit from the expansion of domestic demand, including consumer electronics, automotive, and healthcare, particularly in light of upcoming holidays that may boost spending [3][18] - It also recommends a cautious approach to investment in defensive assets and dividend-paying stocks to mitigate ongoing external risks [3][18] - The focus on technology and self-sufficiency is underscored, with attention drawn to domestic alternatives in critical areas such as semiconductors and emerging industries like robotics and healthcare [5][18]

Core Viewpoint - The article highlights the rapid development and significance of quantum technology in China, particularly in Hefei, which has become a hub for quantum enterprises and innovation, supported by government initiatives and funding mechanisms [3][4][9]. Group 1: Industry Overview - Hefei is home to nearly one-third of China's quantum technology companies, with over 70 enterprises in the quantum industry chain, making it the leading city in the nation for quantum technology [4][5]. - The "Quantum Avenue" in Hefei features more than 30 leading quantum technology firms, covering quantum computing, communication, and measurement, creating the most concentrated quantum industry ecosystem in the country [3][4]. Group 2: Technological Advancements - The company GuoDun Quantum has developed the world's first quantum communication network and continues to innovate with key distribution devices that have become more compact and cost-effective [4]. - The "Zuchongzhi III" superconducting quantum computing prototype, developed by a team including Chinese Academy of Sciences academicians, has achieved a record in quantum superiority, marking a significant milestone for China's quantum computing capabilities [5][6]. Group 3: Funding and Support - Hefei has increased the risk tolerance for angel and seed funds to 40% and 50%, respectively, to facilitate the initial stages of technology transfer and support the growth of quantum technology companies [9]. - The city has invested nearly 10 billion yuan in supporting quantum technology research, development, and application, establishing a robust financial ecosystem for startups [9]. Group 4: Collaborative Innovation - Hefei is implementing major research projects through "ranking and commissioning" strategies, fostering collaboration among various regions and institutions to tackle key technological challenges in quantum science [6][7]. - The city has hosted multiple quantum technology conferences and forums to enhance industry collaboration and connect various stakeholders in the quantum ecosystem [9].

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]

Core Insights - The government work report emphasizes the cultivation and expansion of emerging industries, particularly highlighting the establishment of a growth mechanism for future industries such as biomanufacturing, quantum technology, embodied intelligence, and 6G [1] Industry Overview - Hefei has gathered nearly one-third of the national quantum technology enterprises, with over 70 companies in the quantum industry chain, making it the leading city in China for quantum technology [3] - The "Quantum Avenue" in Hefei is home to more than 30 leading quantum technology companies, forming the most concentrated quantum industry ecosystem in the country [1][2] Technological Advancements - Guo Shield Quantum Technology Co., Ltd. has developed the world's first quantum communication network and continues to innovate with quantum key distribution devices that have become more compact and cost-effective [2][3] - The "Zuchongzhi No. 3" superconducting quantum computing prototype has achieved a record in quantum superiority, marking significant progress in quantum computing technology [4] Collaborative Innovation - Hefei has implemented 12 major scientific research projects under the "ranking and commissioning" model to tackle key technological challenges, facilitating the development of advanced quantum computing technologies [5] - The collaboration among research teams from Beijing, Shanghai, and Hefei has led to the successful construction of the quantum communication network "Beijing-Shanghai Line" [5] Financial Support and Ecosystem Development - Hefei has increased the risk tolerance for angel and seed funds to 40% and 50%, respectively, to support the initial stages of technology transfer [7] - The city has invested nearly 10 billion yuan in supporting quantum technology research, results transformation, and enterprise development [7] - Hefei has established high-level industry exchange platforms and hosted multiple quantum technology conferences to foster collaboration and innovation within the quantum industry [7]

作为成都科技创新的主阵地，成都高新区是全国首批 "创建世界一流高科技园区"试点之一，经 过3 0余年的奋斗，已成为全国发展质量效益最好、科技创新实力最强、高科技企业和创新型成 长型企业密度最高的高新区之一。 4月2 5日，2 0 2 5年成都高新区产业基金协同发展大会在成都高新区菁蓉汇举办。 大会现场，成都高新区立足区域产业基础，正式发布产业发展图谱，建立 " 3+6+6 "现代化产业 体系，即3大特色优势产业（电子信息、医药健康、数字经济），6大战略性新兴产业（人工智 能、低空经济、商业航天、网络空间安全、先进装备和先进能源），6大未来产业（人形机器 人、细胞与基因治疗、合成生物、新型储能（含新型材料方向）、量子科技、脑机接口）。 据悉，截至目前， 成都高新区已出资组建基金 1 5 4只，总规模超3 2 3 6亿元，形成了中西部产 业园区规模最大的产业基金集群 ，并构建起涵盖 "资助—种子—天使—创投—产投—并购"的 全生命周期资本支持服务体系，实现电子信息、医药健康、数字经济等优势产业全覆盖。 大会现场，成都高新区策源资本与中金资本、中信建投资本、工银投资、建信金投、环投资本 等 11家机构进行了产业基金 ...

Core Viewpoint - The company, GuoDun Quantum, reported a significant revenue growth of 62.30% year-on-year for the fiscal year 2024, reaching 253 million yuan, while narrowing its net loss by 74.30% to 32 million yuan [1][2]. Financial Performance - Revenue for 2024 was 253 million yuan, with a year-on-year growth of 62.30% [1]. - The net profit attributable to shareholders was -32 million yuan, indicating a reduction in losses by 74.30% compared to the previous year [1]. - The gross margin for 2024 was 55.59%, an increase of 8.14 percentage points year-on-year, maintaining a high level [1]. - In Q4 2024, the company achieved a revenue of 153 million yuan, representing a growth of 85.47% year-on-year, and turned a profit with a net profit of 23 million yuan [1]. Business Segments - The quantum communication segment contributed over 50% of total revenue in 2024, with a complete ecosystem for the communication encryption industry accelerating practical applications [2]. - The company completed breakthroughs in domestic miniaturized polarization coding QKD and time-phase QKD technologies, integrating quantum key distribution with optical transport networks [2]. - In quantum computing, the company supported the "Zu Chongzhi No. 3" quantum computer project and launched the ez-QFridge dilution refrigerator, collaborating with China Telecom Quantum Group to develop the "Tianyan-504" with the highest qubit count in the country [2]. - The company secured the "Hefei Super Fusion Computing Center" project, providing a super fusion system for "Chao Lake Mingyue" to promote heterogeneous computing power integration [2]. - In quantum precision measurement, the company sold 9 cold atom gravimeters and completed the first international quantum gravity network observation [2]. Industry Outlook - Quantum technology is recognized as a strategic emerging industry, receiving strong support from domestic and international stakeholders, as highlighted in the 20th National Congress and the Government Work Report [3]. - The company has attracted China Telecom's wholly-owned subsidiary, China Telecom Quantum Group, as a strategic investor, which is expected to enhance the integration of quantum technology into critical digital infrastructure [3]. - Revenue forecasts for the company from 2025 to 2027 are projected at 343 million yuan, 479 million yuan, and 947 million yuan, respectively, with corresponding price-to-sales ratios of 78.27x, 56.05x, and 28.35x [3].