新京报贝壳财经讯 12月15日，星华新材发布公告称，公司与广东国腾量子科技有限公司（简称"国腾公 司"）签署《战略合作协议》，双方将在量子科技及相关应用领域建立长期、稳定的战略合作关系。公 司将依托在反光材料行业丰富的产业化经验，助力国腾公司的量子技术产业化落地，并联合开展量子功 能材料、量子安全应用探索。公告指出，该战略合作协议为框架性协议，具体实施过程中存在不确定 性，对公司本年度经营业绩不会构成重大影响。 ...

从合作内容上看，星华新材根据自身实力、对量子科技的理解以及监管政策的许可，寻求在合适的时机 对国腾公司进行战略投资；星华新材作为一家拥有20多年产业化经验的新材料公司，利用自身优势，为 国腾公司生产线优化、良品率提升以及大规模的产业化提供有力支持。同时，星华新材赋能客户和市场 资源，在功能材料生产制备、工业互联服务、信息与网络安全等领域积极推动量子产业应用落地。 公司表示，国腾公司拥有面向多用户联网的量子通信关键技术和量子密钥分发成套设备的多项核心专 利，致力于量子与经典通信网络融合技术、量子系统、量子芯片、量子计算机整体架构以及操作和应用 系统等领域的研发和成果转化；而公司深耕反光材料行业多年，拥有成熟的制造体系并且积累了丰富的 产业化运作经验。双方通过优势互补，共同推动量子技术在更多领域的产业化应用落地。 公司称，与国腾公司不存在关联关系，最近三年双方未签署过类似协议；国腾公司不属于失信被执行 人，具备履行相关协议约定义务的能力。此协议仅为双方开展战略合作的框架性文本，不涉及具体项目 和交易金额，对公司本年度财务状况、经营业绩及长期收益暂不构成重大影响，不影响公司的业务独立 性，敬请广大投资者注意投资风险 ...

Core Viewpoint - Xinghua New Materials (301077.SZ) has signed a strategic cooperation agreement with Guangdong Guoteng Quantum Technology Co., Ltd. to establish a long-term and stable partnership in the field of quantum technology and its related applications [1] Group 1 - The cooperation aims to leverage Xinghua's extensive industrial experience in reflective materials to assist Guoteng in the industrialization of quantum technology [1] - Both companies will jointly explore quantum functional materials and quantum security applications, aiming for complementary advantages and value co-creation [1]

本次合作方国腾公司拥有面向多用户联网的量子通信关键技术和量子密钥分发成套设备的多项核心专 利,致力于量子与经典通信网络融合技术，量子系统，量子芯片，量子计算机整体架构以及操作和应用 系统等领域的研发和成果转化。 星华新材（301077）(301077.SZ)公告，公司与广东国腾量子科技有限公司(简称"国腾公司")签署《战略 合作协议》，双方将在量子科技及相关应用领域建立长期、稳定的战略合作关系。公司将依托在反光材 料行业丰富的产业化经验，助力国腾公司的量子技术产业化落地，并联合开展量子功能材料、量子安全 应用探索。 ...

智通财经APP讯，星华新材(301077.SZ)公告，公司与广东国腾量子科技有限公司(简称"国腾公司")签署 《战略合作协议》，双方将在量子科技及相关应用领域建立长期、稳定的战略合作关系。公司将依托在 反光材料行业丰富的产业化经验，助力国腾公司的量子技术产业化落地，并联合开展量子功能材料、量 子安全应用探索。 本次合作方国腾公司拥有面向多用户联网的量子通信关键技术和量子密钥分发成套设备的多项核心专 利,致力于量子与经典通信网络融合技术，量子系统，量子芯片，量子计算机整体架构以及操作和应用 系统等领域的研发和成果转化。 ...

Group 1 - The core viewpoint of the article is that Xinghua New Materials has signed a strategic cooperation agreement with Guangdong Guoteng Quantum Technology to establish a long-term partnership in the field of quantum technology and its applications [1] - The company will leverage its extensive industrial experience in reflective materials to assist Guoteng in the commercialization of quantum technology and explore quantum functional materials and quantum security applications [1] - As of the report, Xinghua New Materials has a market capitalization of 4.7 billion yuan [1] Group 2 - For the fiscal year 2024, the revenue composition of Xinghua New Materials is as follows: 98.26% from the manufacturing of chemical raw materials and chemical products, and 1.74% from other businesses [1]

星华新材(301077)12月15日公告，公司与广东国腾量子科技有限公司（简称"国腾公司"）签署《战略合 作协议》，双方将在量子科技及相关应用领域建立长期、稳定的战略合作关系。公司将依托在反光材料 行业丰富的产业化经验，助力国腾公司的量子技术产业化落地，并联合开展量子功能材料、量子安全应 用探索，实现双方优势互补与价值共创。国腾公司是拥有量子通信网络全产业链自主知识产权的前沿科 技企业。 ...

Core Insights - The 2025 Zhongguancun Quantum Conference, themed "Quantum Intelligence New Era, Future of Production Chain," showcased significant advancements in quantum technology, including the release of 16 key achievements and a 500 million yuan investment fund for quantum startups in Beijing [1][6] - The conference highlighted the collaborative efforts of government, industry, academia, and research institutions to promote the commercialization of quantum technology and establish a robust industrial ecosystem [3][4] Group 1: Conference Highlights - The event attracted nearly 800 experts and representatives from leading quantum companies and investment institutions, emphasizing the importance of collaboration in the quantum sector [1][3] - Key topics included breakthroughs in quantum theory, core technology challenges, application scenarios, and the construction of an industrial ecosystem [3][4] - The conference featured the release of 16 significant quantum technology achievements, with many technologies reaching international leading levels [6][10] Group 2: Investment and Funding - The newly established Beijing Future Open Source Quantum Entrepreneurship Investment Fund, with a scale of 500 million yuan, aims to support early-stage and growth-stage hard-tech companies in the quantum information sector [6][8] - The fund will provide comprehensive support from research and development to market entry, linking incubators and industrial parks to foster the quantum industry [6][8] Group 3: Strategic Initiatives - Beijing is committed to implementing national strategic deployments, focusing on key quantum technology breakthroughs and creating new applications in the "quantum + AI" integration [4][5] - The Haidian District has over 50 quantum-related enterprises and research institutions, forming a complete industrial chain covering quantum computing, communication, and precision measurement [5][6] - The conference underscored Beijing's ambition to become a leading hub for quantum technology innovation and application, contributing to the country's goal of achieving high-level technological self-reliance [10]

华泰证券：IP经济价值将进一步释放 看好AI+影视/视频产业发展 上周五市场探底回升，三大指数全线收红，沪深两市成交额2.09万亿，较上一个交易日放量2351亿。板 块方面，可控核聚变、贵金属、电网设备、商业航天等板块涨幅居前，零售、房地产、海南等板块跌幅 居前。截至上周五收盘，沪指涨0.41%，深成指涨0.84%，创业板指涨0.97%。 在今天的券商晨会上，中信建投表示，建议持续关注量子科技产业链；华泰证券认为，IP经济价值将进 一步释放，看好AI+影视/视频产业发展；银河证券指出，重点关注明年政策红利与景气方向的布局机 会。 中信建投：建议持续关注量子科技产业链 中信建投表示，量子科技作为国家重点布局的未来产业，近期催化不断，如国仪量子技术（合肥）股份 有限公司科创板IPO申请已获得受理，国家标准《无液氦稀释制冷机》正式发布，建议持续关注量子科 技产业链，尤其是量子计算整机、稀释制冷机、低温同轴线缆等环节。 华泰证券表示，IP经济价值将进一步释放，看好AI+影视/视频产业发展。华泰证券认为，Sora+Disney 的闭环有望显著提升IP的长尾内容产量与传播度，推动衍生收入与授权价值提升。今年以来多模态AI ...

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" [5] Core Insights - The commercial aerospace and satellite internet industries are accelerating due to a resonance of technology and policy, marking a significant turning point for satellite internet as a crucial component of integrated space-ground networking infrastructure [1][12] - The satellite internet technology is characterized by its wide coverage, low latency for intercontinental communication, and low ground construction costs, addressing connectivity needs in remote areas and emergency scenarios [1][12] - The demand for space computing is emerging, driven by the exponential growth of AI model requirements, with major tech companies focusing on deploying data centers in space [2][13] Summary by Sections Industry Investment Rating - The report rates the industry as "Outperform the Market - A," indicating a projected investment return that exceeds the performance of the CSI 300 index by 10% or more over the next six months [5][27] Industry Performance - The report notes that the computer sector has underperformed relative to the CSI 300 index, with a 1-month relative return of -1.9% and a 3-month relative return of -7.6% [7][15] Key Industry Developments - The establishment of a dedicated regulatory body for commercial aerospace by the National Space Administration of China signifies a commitment to high-quality development in the sector [1][12] - SpaceX's Starlink project aims to deploy a constellation of approximately 42,000 satellites, enhancing military communication and reconnaissance capabilities [2][13] - The report highlights the increasing urgency for technological iteration and industrial acceleration in satellite internet and reusable rocket development in China [2][13] Beneficiaries and Recommendations - Companies involved in satellite control, space asset management, and testing services are expected to benefit from the growth in satellite numbers, with specific recommendations for firms like Xingtu Control and Shengbang Security [3][14] - The report suggests monitoring satellite payload and integrated service companies, including Zhongke Xingtou and Shanghai Hantong, as potential investment opportunities [3][14]