Core Viewpoint - The report highlights the significant growth and performance of GuoDun Quantum Technology Co., Ltd. in the quantum computing sector, showcasing its advancements in revenue and technological capabilities [2][6]. Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 121 million yuan, representing a year-on-year increase of 74.54% [2]. - Research and development investment reached 55.17 million yuan, up 33.77% year-on-year, accounting for 45.46% of operating revenue [2]. - The quantum computing segment generated revenue of 55.96 million yuan, marking a substantial growth of 283.92% [2]. Group 2: Quantum Computing Developments - GuoDun Quantum is one of the few companies globally capable of providing complete superconducting quantum computing solutions, with plans to deliver a 25-qubit superconducting quantum computer internationally [2]. - The company has provided a 200-qubit superconducting quantum computer and related systems to the Hefei Advanced Computing Center, which is currently in the trial operation phase [2]. - The company has also completed the integration of the "Tianyan-504," the largest superconducting quantum computer in China, for China Telecom Quantum Group, contributing to a total of 880 qubits in their quantum computing cluster [2][5]. Group 3: Quantum Communication and Measurement - In the quantum communication sector, the company reported revenue of 51.74 million yuan, reflecting a year-on-year growth of 28.10% [5]. - The company is involved in key industry applications, including projects with State Grid Corporation of China and China Southern Power Grid [5]. - The quantum measurement business generated revenue of 8.57 million yuan, with a year-on-year increase of 13.75%, including sales of two cold atom gravimeters [5]. Group 4: Market Outlook - The global investment in quantum technology is increasing, indicating a promising market outlook for the quantum industry [6]. - GuoDun Quantum's technological advancements and market positioning in quantum computing, communication, and measurement are expected to drive its future growth [6].

Summary of Key Points from Conference Call Records Industry Overview - The conference call discusses the performance of various industries, particularly focusing on industrial enterprises, public utilities, and manufacturing sectors in a low-interest-rate environment. The overall profit share of industrial enterprises is expected to remain above 15% in 2023-2024, with a slight decline to 12.5% in the first half of 2025, still higher than the pre-pandemic average of 5.9% [1][2]. Core Insights and Arguments - **Profit Recovery in Key Sectors**: Industrial enterprises' profit share has significantly rebounded, with public utilities also seeing an increase to 12.1% as of mid-2023, up from a pre-pandemic average of 6.9% [2]. - **Manufacturing Sector Decline**: Manufacturing profit share has decreased to approximately 75%, with export-oriented industries like computers and electronics maintaining stable profits due to overseas demand recovery [1][2]. - **Mining Sector Volatility**: The mining sector's profits have been affected by fluctuations in the Producer Price Index (PPI), with a notable decline in 2023 due to commodity price adjustments and insufficient demand [1][4]. - **Investment Returns**: High capital return rates are observed in public utilities, coal, and petrochemical sectors, while the real estate sector shows lower returns, particularly since 2021 [5]. Additional Important Insights - **Driving Factors for Profit Changes**: Key drivers include price fluctuations, overseas demand, policy support for equipment updates, and consumer recovery in sectors like beverages and metals [4]. - **Sector-Specific Performance**: High-performing sub-sectors include energy metals, coal, oil and gas extraction, aerospace, and electronics, with strong growth potential in smaller segments despite overall weaker performance in some primary categories [6]. - **Impact of PPI on Utilities**: A decrease in mining PPI has alleviated cost pressures for public utilities, leading to a recovery in profit margins, although this trend may reverse due to insufficient end-demand [7]. - **China's Export Dynamics**: China's export share has improved due to pandemic-related shifts, with a temporary recovery in 2023-2024 driven by inventory replenishment in Western manufacturing [8]. - **Outward Expansion of Chinese Enterprises**: The trend of Chinese companies expanding overseas has positively impacted profitability, particularly in home appliances, non-ferrous metals, and machinery sectors [9][10]. - **Policy Support for Emerging Industries**: Recent industrial policies emphasize the importance of maintaining industrial security and promoting new industrialization, benefiting sectors like energy metals and biomanufacturing [11]. - **Growth Potential in Service Consumption**: There is significant potential for growth in service consumption, with government initiatives aimed at enhancing domestic demand and expanding service sectors such as health care and home services [12].

Group 1 - The board of directors of GuoDun Quantum held its 15th meeting on August 12, 2025, with all 9 directors present, ensuring compliance with relevant laws and regulations [1] - The board approved five resolutions, including the review of the 2025 semi-annual report and its summary, with unanimous support [1][2] - The board also approved a special report on the use of raised funds for the first half of 2025, with unanimous support [2] Group 2 - The board approved a semi-annual evaluation report on the quality improvement and efficiency enhancement action plan for 2025, with unanimous support [2] - The company plans to sign a sales contract with China Telecom Quantum Group, estimated at 76.54 million yuan, with total sales contracts with related parties in the past 12 months amounting to 79.59 million yuan [3] - The board agreed to sign a service contract with China Telecom Quantum Technology for specialized technical services, estimated at 14 million yuan, with total service contracts with related parties in the past 12 months also amounting to 14 million yuan [3] Group 3 - The board approved the proposal to hold the fourth extraordinary general meeting of shareholders on August 29, 2025, with unanimous support [4]

科大国盾量子技术股份有限公司2025 年半年度报告摘要 公司代码：688027 公司简称：国盾量子 科大国盾量子技术股份有限公司 科大国盾量子技术股份有限公司2025 年半年度报告摘要 第一节 重要提示 规划，投资者应当到 www.sse.com.cn 网站仔细阅读半年度报告全文。 公司已在本报告中详细阐述公司在经营过程可能面临的各种风险及应对措施，敬请查阅本报告 "第三节 管理层讨论与分析"之"四、风险因素"。 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 不适用 □适用 √不适用 第二节 公司基本情况 公司股票简况 公司股票简况 股票种类 股票上市交易所 股票简称 股票代码 变更前股票简称 A股 上海证券交易所科 国盾量子 688027 无 创板 公司存托凭证简况 □适用 √不适用 科大国盾量子技术股份有限公司2025 年半年度报告摘要 联系人和联系方式 联系人和联系方式 董事会秘书（信息披露境内代表） 证 券事务代表 姓名 童璐 / 电话 0551-66185117 / 办公地址 合肥市高新区华佗巷777号科大国 / 盾量子科技园 电子信箱 guodun@quantum-i ...

Group 1 - The article highlights the increasing threat of foreign espionage targeting China's high-tech industries, with foreign intelligence agencies commissioning overseas consulting firms to gather sensitive information [1][4] - A specific case is mentioned where a former employee of a leading industry company leaked sensitive information to a foreign consulting firm, motivated by high consulting fees [2][4] - The article outlines the characteristics of these espionage activities, including the timing of inquiries coinciding with critical business moments, the covert methods used by foreign firms, and the manipulative nature of the questioning techniques employed [4][6] Group 2 - The article emphasizes the need for vigilance among employees in sensitive positions, urging them to be cautious of unusual interest from foreign entities regarding internal information [6] - It references legal consequences for individuals who provide sensitive information to foreign organizations, including potential imprisonment and fines under Chinese law [6] - The article encourages reporting suspicious activities related to "professional interviews" or "paid consultations" through designated channels to national security authorities [6]

2019年7月22日，科创板正式开市，首批25家公司成功上市。 6年来，科创板从试点注册制改革起步，到"科创板八条"深化，再到"1+6"改革的制度创新再出发， 一步一个脚印，稳扎稳打，始终以"新"谋篇布局，着力构建与科创企业成长特征相匹配的制度体系与市 场生态，推动了资本市场服务新质生产力的系统性变革。截至2025年7月22日，科创板上市公司达到589 家。 当前，新一轮科技革命与产业变革正加速推进，完善更贴合科技创新与产业变革的金融服务体系， 是资本市场的重中之重。一方面，当前国际经济金融贸易形势复杂多变，全球技术迭代加速、产业链深 度重构，国际竞争格局深刻演变，科技创新已成为驱动发展、塑造竞争优势的核心引擎；另一方面，中 国科技企业估值逻辑正在经历重构，DeepSeek等企业的崛起印证了"创新价值先于盈利显现"的新范式， 也需要更具包容性、适应性的资本市场制度作为支撑。 今年6月，中国证监会聚焦深化科创板改革，推出进一步深化改革的"1+6"政策措施，在前期改革成 效的基础上，主动适应我国科技创新发展需要和科技型企业的成长需求，进行有针对性、突出重点的增 量改革，进一步增强科创板对科技创新和新质生产力发展的 ...

对于山东康达永创仪器设备有限公司市场开发部经理戴鹏鹏而言，量子技术"看得见、摸得着"。"精密 传感器是我们的产品之一，但此前一直面临着微弱信号放大的难题。"戴鹏鹏说，潍坊学院量子技术团 队基于数字锁相放大器的微弱信号放大与检测技术展开研发，实现了强噪声背景下对微弱信号的检测突 破，解决了这一难题。 这是潍坊学院量子技术团队创新成果应用的最新案例，也是该校作为地方性高校在学科竞争中实现突围 的一个缩影。近日，科技日报记者走进潍坊学院量子技术团队所在的物理与电子信息学院，了解他们的 创新故事。 拥有大规模实验设施 记者见到潍坊学院物理与电子信息学院院长曹连振时，他带领团队正在攻关山东省联合基金重点项目 ——"基于光子多自由度调控的高维光量子门的实验与应用研究"。此时，实验已进行到关键时刻。提升 量子计算性能、提高量子精密测量精度、增强量子器件效能是团队的三大目标。 当年，中国科学技术大学校友、潍坊学院物理与电子信息学院老院长逯怀新，联系到当时刚学成回国不 久的中国科学技术大学教授潘建伟。在潘建伟的帮助下，潍坊学院的量子技术研究平台逐渐建立起来。 曹连振说，在技术层面，光量子实验室以中国科学技术大学量子团队的指导方 ...

Meeting Information - The shareholders' meeting is scheduled for July 31, 2025 [1] - The meeting will be held at the Keda Guodun Quantum Technology Park, Hefei, Anhui Province [1] - Voting will be conducted through both on-site and online methods [1][2] Voting Procedures - The online voting system will be the Shanghai Stock Exchange's network voting system [1][2] - Voting will be available from 9:15 AM to 3:00 PM on the day of the meeting [1][2] - Shareholders must register by July 28, 2025, to participate [5][6] Agenda and Voting Rights - The meeting will review non-cumulative voting proposals approved by the board on July 15, 2025 [2] - Certain shareholders, including Zhongke University Asset Management Co., Ltd., must abstain from voting due to conflicts of interest [2] Attendance Requirements - Only shareholders registered by the close of business on July 24, 2025, are eligible to attend [5] - Shareholders can appoint proxies to attend and vote on their behalf [5][6] Additional Information - Attendees are responsible for their own travel and accommodation expenses [6] - Contact information for the company is provided for further inquiries [7]

Group 1 - The Shenzhen Stock Exchange has announced the addition of 33 experts to its industry consulting expert database, covering fields such as advanced manufacturing, information technology, new materials, and new energy [1] - The newly added experts include specialists in aerospace, quantum technology, artificial intelligence, biomedicine, and integrated circuits, enhancing the focus on technological innovation [1] - Following this addition, the total number of experts in the database has increased to 66, further optimizing industry configuration and enhancing the authority of the expert database [1]

Group 1 - The core viewpoint is that China's "14th Five-Year Plan" has successfully implemented strategic tasks, leading to significant breakthroughs in innovation and a high level of R&D investment [1][4] - The plan includes 102 major projects that are progressing smoothly, integrating artificial intelligence with various industries, and promoting the deep integration of the internet, big data, and the real economy [4][10] - China's contribution to global economic growth remains around 30%, positioning the country as a stable and positive force in the world economy [7][13] Group 2 - The focus of Chinese innovation is not merely on technological breakthroughs but on enhancing user experience and market demand, creating a complete innovation ecosystem [7] - Chinese technology companies are gaining global recognition, particularly in emerging technologies such as energy transition and artificial intelligence [10][13] - The growth of the middle-income group, the development of the digital economy, and advanced infrastructure showcase the resilience and potential of the Chinese economy [13]