国盾量子：上半年净亏损2,380万元人民币。 ...

Core Insights - The company, GuoDun Quantum (688027.SH), announced plans to sign a sales contract with China Telecom Quantum Information Technology Group Co., Ltd. to sell quantum key distribution hardware and software products for quantum metropolitan area network construction, with an expected amount of 76.5418 million yuan [1] - Additionally, the company intends to sign a service contract with China Telecom Quantum Technology Co., Ltd. to provide specialized technical services for "quantum secure communication business," with an expected amount of 14 million yuan [1] - These transactions are classified as routine related-party transactions and comply with relevant regulations, pending approval from the company's shareholders' meeting [1]

（文章来源：每日经济新闻） 国盾量子（SH 688027，收盘价：277.6元）8月12日晚间发布半年度业绩报告称，2025年上半年营业收 入约1.21亿元，同比增加74.54%；归属于上市公司股东的净利润亏损约2379万元；基本每股收益亏损 0.23元。2024年同期营业收入约6954万元；归属于上市公司股东的净利润亏损约3534万元；基本每股收 益亏损0.44元。 ...

国盾量子（SH 688027，收盘价：277.6元）8月12日晚间发布公告称，公司第四届第十五次董事会会议 于2025年8月12日在公司会议室召开。会议审议了《关于 <国盾量子2025年半年度报告> 及摘要的议 案》等文件。 2024年1至12月份，国盾量子的营业收入构成为：量子通信行业占比57.79%，量子计算行业占比 22.33%，量子测精密量行业占比15.32%，其他业务占比4.56%。 （文章来源：每日经济新闻） ...

国盾量子公告，2025年上半年营业收入1.21亿元，同比增长74.54%。归属于上市公司股东的净亏损2379 万元，上年同期净亏损3534.28万元。 ...

（文章来源：证券日报） 证券日报网讯 7月31日晚间，国盾量子发布公告称，公司2025年第三次临时股东大会于2025年7月31日 召开，审议通过了《关于签订专利实施许可合同暨关联交易的议案》等。 ...

Group 1 - The company is responsible for the construction of quantum communication metropolitan and backbone networks in Hainan, providing equipment and technical services, but not directly participating in operations [1] - The company has provided relevant equipment and technical support for the "Haikou Metropolitan Network," the "Haikou-Wenchang" quantum communication trunk line, and the "Wenchang International Aerospace City Quantum Satellite Ground Station," all of which passed acceptance in 2020 and 2022 [1] - The company places high importance on global development opportunities in the quantum technology industry, with a focus on Southeast Asia as a significant emerging market [1] Group 2 - The company's applications in the financial sector primarily focus on quantum secure communication and related security applications, while also actively exploring the application of quantum computing in financial industry scenarios [1] - The company encourages stakeholders to continuously monitor its regular reports and related announcements for more business progress updates [1]

Core Viewpoint - The company is actively involved in the construction of quantum communication networks in Hainan, providing equipment and technical services, while not directly participating in operations [1] Group 1: Quantum Communication Infrastructure - The company is responsible for the construction of the quantum communication metropolitan area network and backbone network in Hainan, specifically for the "Haikou Metropolitan Network," "Haikou-Wenchang" quantum communication trunk line, and "Wenchang International Aerospace City Quantum Satellite Ground Station" [1] - The company has successfully provided relevant equipment and technical support, with acceptance completed in 2020 and 2022 [1] Group 2: Global Development Opportunities - The company places significant emphasis on the global development opportunities in the quantum technology industry, particularly in Southeast Asia as an important emerging market [1] Group 3: Financial Sector Applications - The company's applications in the financial sector focus on quantum secure communication and related security applications, while also actively exploring the use of quantum computing in financial industry scenarios [1]

Group 1 - The Hong Kong stock market has shown strong performance, with the Hang Seng Index achieving a five-day consecutive rise and stabilizing above 25,000 points, driven by significant gains in technology stocks [1] - The attractiveness of Chinese assets is increasing, with digital technology, advanced manufacturing, and biotechnology becoming core areas for foreign capital allocation [1] - The current rally in the Hong Kong technology sector is a result of multiple factors, including policy support, technological iteration, institutional optimization, and capital resonance, serving as an important window for observing the revaluation of Chinese assets [1] Group 2 - The technology industry is transitioning from "traffic expansion" to "value creation," with significant improvements in profitability stability due to systematic policy support and technological breakthroughs [2] - The regulatory framework for the technology sector is continuously improving, leading to optimized corporate governance structures and a noticeable trend of "anti-involution," which is expected to enhance overall profitability and optimize the competitive landscape [2] - The establishment of the "Science and Technology Enterprise Special Line" by the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange aims to facilitate the listing of specialized technology and biotechnology companies, broadening financing channels for these firms [2] Group 3 - Market confidence in technology stocks has significantly increased, with a clearer valuation logic emerging, as capital consensus accelerates towards technological innovation [3] - Breakthroughs in fields such as artificial intelligence, humanoid robots, quantum communication, and semiconductors have led to a new leap in corporate competitiveness, shifting the valuation logic from short-term profit indicators to technology value [3] - The ongoing revaluation of Chinese assets, catalyzed by companies like DeepSeek, has led to a certain degree of valuation recovery for Hong Kong technology assets, which still offer high cost-effectiveness compared to global counterparts [3] - The transformation of global capital flows reflects the elevation of China's industrial value chain from a "world factory" to an "innovation source," redefining the value and position of Chinese assets in the global market [3]

Core Points - The document outlines the internal control and management system for external investments of the company, aiming to prevent errors, fraud, and risks during the investment process [1][2] - It defines external investments as activities aimed at obtaining future returns through various forms of assets, excluding routine operational transactions [2][3] - The decision-making bodies for external investments include the shareholders' meeting, board of directors, and the general manager's office, with specific approval thresholds based on financial metrics [4][5] Group 1: Investment Definition and Scope - External investments are defined as activities involving monetary funds, securities, equity, debt, physical assets, or intangible assets for future returns [1][2] - The scope of this system applies to the company and its wholly-owned or controlling subsidiaries [2] Group 2: Basic Principles - Investments must comply with national laws and regulations and align with the company's long-term development plans [3] - The principle of prioritizing benefits is emphasized [3] Group 3: Decision-Making and Approval - Investments exceeding 50% of the company's audited total assets or 50% of annual audited revenue over 50 million yuan require board and shareholder approval [5][6] - Investments above 5% of total assets or 10% of annual revenue over 1 million yuan require board approval [6] Group 4: Implementation of Investments - Investment budgets are part of the annual comprehensive budget and require approval [7] - The investment management department conducts preliminary evaluations and feasibility analyses for investment projects [7][8] Group 5: Post-Investment Management - Post-investment management includes governance participation, dynamic monitoring, and providing value-added services to invested companies [9][10] - The financial management department tracks the progress and safety of entrusted financial management projects [10] Group 6: Exit Mechanism - Exit strategies for equity investments include transfer, repurchase, and liquidation, while entrusted financial management can exit through redemption or transfer [11] - Exit management procedures mirror those of investment approval [11] Group 7: Supervision and Accountability - The audit and supervision department is responsible for establishing mechanisms to monitor external investments and report findings to the board [12] - The company reserves the right to pursue civil or criminal liability against individuals causing losses through non-compliance or fraudulent activities [12]