随着科技的快速发展，量子技术正逐渐从实验室走向更广阔的应用市场。近日，我国量子领域取得多项 突破，不仅为产业发展注入了新的活力，同时吸引了产业链上市公司积极布局。 具体来看，本源量子计算科技(合肥)股份有限公司联合中国科学技术大学以及合肥综合性国家科学中心 人工智能研究院科研团队在药物研发方面通过装上"量子显微镜"，成功实现全球首个基于量子边编码技 术的药物分子性质预测应用。 此外，《证券日报》记者从安徽省烟草公司获悉，其联合科大国盾量子技术股份有限公司(以下简称"国 盾量子")等单位建设的国内首个烟草行业量子安全防护体系已经正式上线。 "作为国家量子产业联盟首批会员单位，神州数码（000034）信息服务集团股份有限公司(以下简称'神 州信息（000555）')是量子通信干线的重要服务商之一，陆续参与了'京沪干线''武合干线''沪合干线''汉 广干线''粤港澳湾区'等多条国家骨干网建设，助力完善了量子应用相关配套设施。"神州信息方面表 示，公司从事量子通信业务领域多年，将持续跟踪前沿技术的变化。 长春吉大正元（003029）信息技术股份有限公司方面表示，未来公司将逐步实现网间连接器等密码产品 具备量子随机数以 ...

自2019年底启动建设以来，武汉已建成61家基层知识产权保护工作站，工作站实现从单 点突破到全域覆盖。这些工作站已成为科技创新生态中不可或缺的基础设施，织密创新一线 的保护网络，扮演着基层知识产权"大管家""加速器""守护者"的重要角色。即日起，本报将 陆续展现各工作站一线服务与保障的生动实践。 在武汉东湖高新区这片创新热土上，知识产权保护始终与产业迭代同频共振。从2020年 9月首个光谷生物城医疗器械园工作站扎根，到2024年10月华中师范大学科技园、光谷创新 企业协会新站启航，光谷陆续建立起12家知识产权保护工作站，构建起覆盖产业链的创新服 务体系，成为推动区域高质量发展的强劲引擎。 大健康领域知识产权保护先行 2020年9月成立的武汉市知识产权保护（光谷生物城医疗器械园）工作站，是光谷知识 产权保护工作站体系的起点。彼时生物医疗产业正处于规模化扩张期，该站通过"培训+诊 断+维权"三维服务，推动联影医疗、艾米森等30余家企业构建专利壁垒。2024年，园区企 业斩获中部六省高价值专利大赛一等奖等多项荣誉，73件发明专利授权的背后，是工作站从 专利导航到成果转化的全链条护航，为光谷生物医药产业跻身全国第一方 ...

Macro Economic Overview - The report indicates that the next important time point may be in the late third quarter of 2025, with a suggested asset allocation order of stocks > commodities > bonds > currency [2][4] - In the first half of 2025, China's actual GDP grew by 5.3% year-on-year, laying a good foundation for achieving the annual target of 5.0% [2][4] - Economic data from July shows signs of growth pressure, including weakened external demand due to increased tariffs from the US and sluggish domestic consumption [2][4] Asset Performance - The A-share market saw an increase, with the CSI 300 index rising by 2.37% and the CSI 300 stock index futures up by 2.83% [11][12] - Commodity futures showed mixed results, with coking coal futures up by 0.33% and iron ore down by 1.65% [11][12] - The yield on ten-year government bonds rose by 6 basis points to 1.75%, while active ten-year government bond futures fell by 0.26% [11][12] Policy Insights - The report emphasizes the importance of expanding domestic demand in the second half of the year, suggesting that policies should be implemented to enhance efficiency and release domestic demand [2][4] - It is noted that the fiscal policy may have room for further adjustments within the year, particularly in light of external pressures easing due to potential interest rate cuts by the Federal Reserve [2][4] Sector Performance - The report highlights that the TMT sector has shown significant growth, with the ChiNext index leading with an 8.58% increase, followed by the Shenzhen Component Index at 4.55% [35][36] - The report also notes that the banking sector has faced declines, with a drop of 3.22% [35][36] Financial Data - In July, new social financing amounted to 1.13 trillion yuan, while new RMB loans decreased by 500 million yuan, indicating weak financing demand in the real economy [4][17] - The M2 money supply grew by 8.8% year-on-year, reflecting a relatively strong liquidity environment despite weak economic indicators [4][17]

日前，陕西省政府投资引导基金管理委员会办公室印发《陕西省科技创新母基金管理办法（试行）》。 据介绍，科创母基金突出政府引导和政策性定位，做耐心资本；聚焦我省科技创新领域，着力投早、投小、投长期、投硬科技；打造既高效活力又守 住底线的运管模式。聚焦西安区域科技创新中心、秦创原创新驱动平台建设和科技成果转化"三项改革"，重点围绕先进制造、新一代信息技术、航空 航天、新材料、新能源、生物技术等战略性新兴产业和人工智能、量子技术、未来制造、未来信息等未来产业，支持企业联合高校、科研院所等面向 产业需求开展科研攻关，不断提高科技成果转化和产业化水平。 管理办法明确：科创母基金存续期20年。 科创母基金投向创投类子基金的额度不低于80%，其中，投向种子、天使类子基金额度不低于30%。直接投资省委省政府确定重大科创类项目的额 度，不超过母基金认缴总规模的5%，剩余资金用于灵活投向不限阶段的产业子基金或直投项目，通过"以丰补欠、以后补前"，将产业基金或直投项 目投资收益反哺种子及天使类子基金，增强母基金运营的可持续性。 科创母基金对创投类子基金出资比例一般不超过子基金总规模的50%，其中，种子、天使类子基金最高不超过60%。 ...

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 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]

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]