（编辑 任世碧） 证券日报网讯 1月26日，天奥电子在互动平台回答投资者提问时表示，公司产品包括原子钟、晶体器 件、频率组件及设备、时频板卡及模块、时间同步设备及系统等，主要应用于航空航天、卫星导航、军 民用通信及国防装备等领域。 ...

格隆汇1月22日丨天银机电(300342.SZ)在投资者互动平台表示，公司没有研发原子钟与霍尔推进器技 术。 ...

1月21日，国务院新闻办公室举行新闻发布会，介绍2025年工业和信息化发展成效有关情况。 发布会上介绍，一批"含新量"高的创新成果竞相涌现。实验室里的"好点子"源源不断转化为生产线上 的"好产品"。钙钛矿材料、永磁材料、动力电池等技术处于国际先进水平，新型网络、高速通信、先进 计算、新兴软件、区块链等技术加快迭代，基于新型量子技术的原子钟、磁力仪等样机研制成功，超导 量子计算机、光量子计算机实现量子优越性，这些计算机拥有能够在某一特定问题上超越任何经典计算 机的计算能力，脑机接口技术从医疗领域向教育、工业等领域加速拓展。 （总台央视记者 王世玉 孙蓟潍） 责任编辑：韦子蓉 1月21日，国务院新闻办公室举行新闻发布会，介绍2025年工业和信息化发展成效有关情况。 发布会上介绍，一批"含新量"高的创新成果竞相涌现。实验室里的"好点子"源源不断转化为生产线上 的"好产品"。钙钛矿材料、永磁材料、动力电池等技术处于国际先进水平，新型网络、高速通信、先进 计算、新兴软件、区块链等技术加快迭代，基于新型量子技术的原子钟、磁力仪等样机研制成功，超导 量子计算机、光量子计算机实现量子优越性，这些计算机拥有能够在某一特定问题上 ...

Core Viewpoint - Tianao Electronics (002935) has confirmed that its atomic clock production capacity can meet customer demand and aims to enhance product competitiveness and market responsiveness to expand market share [1] Group 1 - The company stated that it will further improve its core competitiveness in products [1] - The company plans to enhance its market development responsiveness [1] - The company is focused on continuously expanding its market share [1]

Core Viewpoint - A new micro clock based on MEMS technology has been developed, achieving record stability with a deviation of only 102 nanoseconds after 8 hours of operation, making it a potential competitor to atomic clocks while being smaller and more energy-efficient [1][5]. Group 1: Technology and Features - The MEMS clock consists of tightly integrated components on a chip smaller than a sugar cube, featuring a silicon wafer with a piezoelectric film that vibrates at its inherent frequency [3]. - The clock's stability is attributed to phosphorus-doped silicon, which maintains mechanical properties despite temperature changes, allowing for operation between -40°C and 85°C without significant frequency variation [3][4]. - The system includes self-correcting features with an internal temperature sensor that adjusts the heating element to maintain timing accuracy [4][5]. Group 2: Performance and Comparison - The MEMS clock can run continuously for 8 hours with an error of only 102 billionths of a second, translating to a deviation of just over 2 microseconds over a week [5]. - Compared to atomic clocks, the MEMS clock is significantly smaller and consumes only one-tenth to one-twentieth of the power, making it a more practical solution for various applications [5][6]. Group 3: Applications and Future Prospects - The technology has broad potential applications, particularly in environments where GPS signals are unreliable, such as space exploration and underwater tasks, where compact and low-power timing devices are essential [6][7]. - The project is part of a DARPA initiative aiming for a clock that can run for a week with an error of just 1 microsecond, indicating ongoing research and development challenges [6]. - Despite competition from established companies like SiTime, the team believes their physics-based approach can lead to a more precise resonator, potentially outperforming existing MEMS solutions [7].

Core Insights - The article discusses the challenges faced by specialized small and medium enterprises (SMEs) in securing financing, particularly in high-tech sectors, highlighting the need for continuous investment and the mismatch between light asset models and traditional credit systems [1][4]. Group 1: Financing Needs and Challenges - Many enterprises express urgent financing needs, with a specific example of a company requiring 30 million yuan in working capital to expedite research and production [1][3]. - A total of 51 companies reported a combined financing demand of 9.9 billion yuan, with 8.25 billion yuan needed for loans and 1.65 billion yuan for equity financing [5][6]. - The financing challenges vary by company maturity, with early-stage firms struggling to secure traditional loans due to a lack of collateral [3][4]. Group 2: Government and Financial Institution Initiatives - The government has introduced a "toolbox" of policies and financial products to guide enterprises through different development stages, including a compilation of 348 supportive measures [6][7]. - Innovative financial tools, such as the "technology flow" evaluation system, have been developed to assess creditworthiness based on R&D investments and patent values rather than solely on financial data [7]. - Government-led funds, such as the Sichuan Advanced Manufacturing Investment Guidance Fund, have been established to support emerging technologies, with over 2 billion yuan already allocated [7][8]. Group 3: Ecosystem Development for Continuous Engagement - A call for a sustainable ecosystem for ongoing industry-finance connections is emphasized, with government, financial institutions, and enterprises needing to collaborate effectively [8]. - The "one chain per month" investment and financing roadshow is highlighted as a key mechanism for maintaining regular interactions between enterprises and investors [8]. - Companies are encouraged to improve their operational standards and actively engage in the industry chain ecosystem to attract long-term capital [8].

Core Insights - The article discusses the financing challenges faced by advanced industries in Sichuan, highlighting the need for continuous investment and the mismatch between light asset models and traditional credit systems [1] - It emphasizes the importance of government policies and innovative financial tools to facilitate effective market connections for enterprises at different development stages [1] Financing Challenges - Many companies, such as Chengdu Qingxin Technology, express urgent financing needs, with specific requests like 30 million yuan for working capital to expedite research and production [1] - The financing demands from 51 companies total 9.9 billion yuan, with 8.25 billion yuan for loans and 1.65 billion yuan for equity financing, covering key areas like R&D and production line construction [1] Government and Financial Institutions' Role - The government has introduced a "toolbox" of policies and financial products, including a compilation of 348 supportive measures and 129 specialized products from 37 financial institutions [1] - Innovative financial tools, such as the "technology flow" evaluation system by Industrial Bank, assess companies based on R&D investment and patent value rather than solely on financial data [1] Ecosystem Development - The article highlights the need for a sustainable and precise connection ecosystem among government, financial institutions, and enterprises to facilitate ongoing collaboration [1] - Since the implementation of the "Building Circles and Strengthening Chains" mechanism, Sichuan has nurtured 260 chain-leading enterprises and 6,328 chain-related enterprises, enhancing the industrial chain ecosystem [2]

Core Viewpoint - Tianao Electronics is a leading manufacturer of time frequency and BeiDou satellite application products in China, with strong market competitiveness and advanced technology [1] Group 1: Business Performance - In Q3 2025, Tianao Electronics reported revenue of 536 million yuan, ranking 34th among 64 industry companies, with the industry leader AVIC Chengfei achieving 48.286 billion yuan [2] - The net profit for the same period was 15.2232 million yuan, ranking 28th in the industry, with the top performer AVIC Chengfei reporting a net profit of 2.175 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio of Tianao Electronics was 44.76%, higher than the previous year's 42.15% and above the industry average of 32.84% [3] - The gross profit margin stood at 22.64%, which is below the industry average [3] Group 3: Corporate Governance - The chairman of Tianao Electronics, Zhao Xiaohu, has been in office since October 2021, while the general manager, Liu Jiang, has held the position since January 2020 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 10.67% to 20,700, while the average number of circulating A-shares held per shareholder increased by 11.95% to 20,100 [5] - Hong Kong Central Clearing Limited is the seventh largest circulating shareholder, holding 2.9434 million shares as a new shareholder [5] Group 5: Future Outlook - In H1 2025, Tianao Electronics achieved revenue of 318 million yuan and a net profit of 8.3083 million yuan, with expectations for rapid growth in revenue and net profit due to the release of defense construction demand and new product launches [5] - The company has made progress in various new products and business areas, including time frequency devices and RF components, with forecasts for net profits of 100 million yuan, 138 million yuan, and 180 million yuan for 2025-2027 [5]

Core Viewpoint - Tian'ao Electronics is a leading domestic manufacturer of atomic clocks, focusing on time frequency as its main business, and is actively engaged in the research and development of cutting-edge technologies such as atomic magnetometers [1] Group 1 - The company is recognized as a major player in the mass production of atomic clocks in China [1] - The technical performance of the company's products has reached an internationally advanced level [1] - The company is also pursuing research in frontier technologies beyond atomic clocks [1]

Group 1 - The core achievement of the Nobel Prize winners is the demonstration that quantum tunneling can occur at a macroscopic scale, not just in the microscopic realm [2][4][10] - The experiments conducted by the laureates utilized superconducting circuits to validate two fundamental quantum properties: quantum tunneling and energy quantization [4][8] - Their work provides a tangible connection between quantum mechanics and macroscopic systems, allowing for the observation of quantum phenomena in a way that can be directly experienced [8][10] Group 2 - The research contributes to the broader understanding of "universal quantum theory," suggesting that quantum states evolve continuously from atomic to large circuit scales without the need for a mysterious collapse mechanism [10][11] - The findings are expected to pave the way for the next generation of quantum technologies, including quantum cryptography, quantum computers, and quantum sensors [12][13] - The historical context of quantum mechanics is highlighted, noting its foundational role in modern technology and its applications in various fields such as telecommunications, medical imaging, and computing [11][12] Group 3 - The advancements in quantum technology are shifting from theoretical possibilities to practical commercialization, with significant progress made in quantum communication and computing [12][13] - Notable achievements in quantum applications have been made in China, including successful long-distance quantum communication and the development of a superconducting quantum computing prototype that outperforms traditional supercomputers [13]