导读： 量子科技不是空中楼阁，科学仪器就是量子科技的金刚钻，没有先进的科学仪器，量子科技的发展就如同无源之水、无本之木。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 中 国 科 学 院 院 士 、 深 圳 国 际 量 子 研 究 院 院 长 俞 大鹏 教 授 接 受 仪 器 信 息 网 采 访 量子科技作为21世纪最具革命性的前沿科技领域之一，正在全球范围内引发新一轮科技革命和产业变革。而在这场科技竞赛中，科学仪器扮演 着至关重要的角色。正如俞教授所言："没有先进的科学仪器，量子科技的发展就如同无源之水、无本之木。"本次专访中，俞教授从量子科技 发展现状、科学仪器自主创新、产学研协同等多个维度，深入剖析了我国在该领域的优势与挑战，并提出前瞻性的发展建议。以下是采访内容 摘录，以飨读者。 （ 点击文末"阅读原文"查看视频采访） 量子科技发展现状与科学仪器的关键支撑 量子科技三大领域的差异化发展态势 "在国家政府的持续支持下，我国量子科技在三大领域呈现出差异化的发展态势。"俞教授开门见山地指出。在量子保密通信领域，我国已经实 现了从跟跑到领 ...

Investment Rating - The report suggests a positive outlook for the electronics sector, indicating a gradual recovery in demand and price stabilization, with a recommendation to accumulate positions on dips [4][5]. Core Insights - The global smart glasses market experienced a significant year-on-year growth of 110% in the first half of 2025, with expectations of maintaining a compound annual growth rate (CAGR) of over 60% from 2024 to 2029. Meta leads the market with a 73% share, while emerging brands like Xiaomi and RayNeo are accelerating their presence [4][9]. - Domestic semiconductor equipment has achieved breakthroughs in 28nm electron beam measurement equipment and electron beam lithography machines, enhancing China's semiconductor industry autonomy [4][10]. - The electronics industry outperformed the market, with the Shenwan Electronics Index rising by 7.02%, surpassing the CSI 300 Index by 4.65 percentage points [5][17]. Summary by Sections Industry News - The global smart glasses market saw a 110% increase in shipments in the first half of 2025, driven by strong demand for Meta's Ray-Ban smart glasses and new entrants like Xiaomi and RayNeo [9]. - The first domestically produced 28nm electron beam measurement equipment has been successfully manufactured, marking a significant milestone for China's semiconductor industry [9][10]. - The first commercial electron beam lithography machine, "Xizhi," has entered application testing, indicating a major breakthrough in quantum chip manufacturing technology [10]. Market Performance - The electronics sector's performance was robust, with the Shenwan Electronics Index increasing by 7.02% compared to a 2.37% rise in the CSI 300 Index, indicating strong investor interest [5][17]. - Various sub-sectors within the electronics industry showed positive growth, with semiconductor stocks rising by 7.07% and electronic components by 9.88% [19][23]. Investment Recommendations - The report recommends focusing on companies benefiting from strong domestic and international demand in the AIOT sector, as well as those involved in AI innovation and semiconductor equipment [4][5].

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]

Core Insights - The emergence of China's first commercial electron beam lithography machine marks a significant advancement in quantum chip research, allowing for greater independence from foreign technology [1][4] - The new technology enables precise circuit patterning without the need for complex optical lenses or masks, showcasing Chinese innovation in the semiconductor industry [1][4] - China's ability to produce chips at 0.6 nanometers demonstrates its competitive edge over foreign counterparts, who are still focused on 1 nanometer technology [3] Group 1: Electron Beam Lithography Machine - The introduction of the "Xizhi" electron beam lithography machine allows for flexible and precise arrangement of quantum bits, overcoming previous limitations imposed by foreign equipment [4] - This technology is positioned as a new path for China, diverging from traditional methods and focusing on quantum and new material chips [4] - The machine's development reflects the dedication and effort of numerous researchers in China, emphasizing the country's capability to achieve top-tier technology [4] Group 2: Huawei's Chip Technology - Huawei's chip stitching technology allows multiple chips to work together, significantly enhancing data processing speeds and addressing performance limitations [3] - The technology enables the combination of lower-process chips to outperform leading foreign chips, such as those from NVIDIA, demonstrating China's innovative approach to chip performance [3] - This advancement challenges the perception of foreign dominance in high-end chip performance and showcases China's growing capabilities in the semiconductor sector [3]

Domestic Market Overview - The domestic market experienced a pullback after reaching a high, with the Shanghai Composite Index closing at 3666.44 points, down 0.46%, and the Shenzhen Component Index at 11451.43 points, down 0.87% [1][4][8] - Among 30 sectors, 29 saw declines, with the defense, telecommunications, and comprehensive sectors leading the losses, while only the non-bank financial sector recorded a slight increase [1][4][8] - The total trading volume of the A-share market reached 23063 billion, continuing to rise compared to the previous day [1][4][8] Overseas Market Overview - The three major U.S. stock indices closed mixed, with the Dow Jones down 0.02%, the S&P 500 up 0.03%, and the Nasdaq down 0.01% [2][4] - Amazon saw a significant increase of over 2%, while 3M and Home Depot led the Dow's decline, falling more than 2% and 1% respectively [2][4] News Highlights - The State Council decided to amend the regulations on the entry and exit of foreigners, introducing a new K visa for foreign youth in technology, allowing them to engage in educational, technological, and cultural exchanges as well as business activities [3][9][11] - The first domestically produced commercial electron beam lithography machine has entered application testing, marking a significant advancement in quantum chip research [15] - A self-regulatory convention for air passenger transport was published, aiming to enhance service quality and operational efficiency in the aviation industry [12][14]

Market Overview - As of August 14, the Shanghai Composite Index fell by 0.46% to close at 3666.44 points, the Shenzhen Component Index dropped by 0.87% to 11451.43 points, and the ChiNext Index decreased by 1.08% to 2469.66 points [1] - In the overnight U.S. market, the Dow Jones Industrial Average decreased by 0.02%, the S&P 500 rose by 0.03%, and the Nasdaq Composite fell by 0.01% [1] Industry Insights - Chinese AI chip giant Cambricon has seen its stock price surge, closing at 949 yuan per share with a gain of 10.35%, pushing its total market capitalization above 397 billion yuan [2] - Chipsea Technology announced plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and diversify financing [2] - Xi'an Yiswei Materials Technology's initial public offering application was approved on August 14, marking it as the first unprofitable company to be accepted under the new policies, indicating increased acceptance of unprofitable "hard tech" firms by the Shanghai Stock Exchange [2] Technological Advancements - The first domestically commercialized electron beam lithography machine has entered application testing, showcasing precision comparable to international mainstream equipment, marking a significant milestone for quantum chip development in China [3] - The current A-share market is characterized by ample liquidity and high trading sentiment, with expectations of a steady upward trend in the market driven by accumulating positive domestic factors [3] ETF Information - The Sci-Tech Semiconductor ETF (588170) tracks the Shanghai Stock Exchange's Sci-Tech Board semiconductor materials and equipment index, focusing on semiconductor equipment (59%) and materials (25%) [4] - The Semiconductor Materials ETF (562590) and its linked funds also emphasize the upstream semiconductor sector, reflecting the importance of domestic substitution in this industry [4]

Market Performance - On August 14, 2025, the Shanghai Composite Index closed down 0.46% after breaking through 3700 points, with the Shenzhen Component Index down 0.87% and the ChiNext Index down 1.08%[2] - The total market turnover was 23062.82 billion CNY, an increase of 1310.72 billion CNY from the previous trading day[2] - A total of 734 stocks rose while 4648 stocks fell across the market[2] Sector and Style Analysis - The performance ranking of indices was: Stability > Cyclical > Consumer > 0 > Financial > Growth[20] - Among the 30 CITIC first-level industries, the top performers were Construction (1.38%), Steel (1.26%), and Nonferrous Metals (1.19%), while the worst performers were Computer (-2.13%), Electronics (-1.22%), and Media (-1.03%)[20] Fund Flow - On August 14, 2025, the net outflow of main funds was 750.81 billion CNY, with large orders seeing a net outflow of 373.56 billion CNY and small orders continuing to see a net inflow of 854.57 billion CNY[3] - Major ETFs such as the Huaxia SSE 50 ETF and the Huatai-PB CSI 300 ETF saw significant increases in trading volume, with changes of +5.77 billion CNY and +5.70 billion CNY respectively[28] Global Market Overview - On August 14, 2025, major Asia-Pacific indices closed mixed, with the Hang Seng Index down 0.37% and the Nikkei 225 down 1.45%[32] - European indices generally rose on August 13, 2025, with the DAX up 0.67% and the CAC40 up 0.66%[5]

Market Performance - The main board led the gains with notable stocks such as Tongding Interconnection (+10.06%), Hengbao Co. (+10.02%), and TeFa Information (+10.01%) [1] - The ChiNext board saw significant increases with Sifang Jingchuang (+15.29%) and Guotou Intelligent (+14.80%) [1] - The Sci-Tech Innovation board was led by Youfang Technology (+20.01%) and Longtu Light Shield (+12.98%) [1] - Active sub-industries included SW Digital Chip Design (+1.94%) and SW Other Computer Equipment (+1.03%) [1] Domestic News - A new generation 100kV electron beam lithography machine named "Xizhi" was unveiled in Hangzhou, capable of writing circuits directly on silicon wafers with a precision of 0.6nm and a line width of only 8nm [1] - Jiangfeng Electronics announced a collaboration with Japan's Advantest to focus on semiconductor target materials and core components, enhancing their core value in the semiconductor business [1] - Zhengzhou Hejing's 12-inch silicon wafer phase II project is progressing, with cleanroom construction underway and expected to produce 100,000 12-inch wafers monthly after completion [1] - South American testing company Nanmao announced a price increase of 5% to 18% for storage-related testing services to reflect rising costs [1] Company Announcements - Gongda Electronics reported a total revenue of 653 million yuan for H1 2025, a year-on-year increase of 22.13%, with a net profit of 43 million yuan, up 31.89% [3] - Huagong Technology achieved a total revenue of 7.629 billion yuan for H1 2025, a 44.66% increase year-on-year, with a net profit of 911 million yuan, also up 44.87% [3] - Heertai reported total revenue of 5.446 billion yuan for H1 2025, a 19.21% increase year-on-year, with a net profit of 354 million yuan, up 78.65% [3] - Data Port announced total revenue of 811 million yuan for H1 2025, a 4.13% increase year-on-year, with a net profit of 85 million yuan, up 20.37% [3] Overseas News - JPR data indicates that the global client CPU market has seen growth for two consecutive quarters, with a 7.9% quarter-on-quarter increase and a 13% year-on-year increase in Q2 2025 [1] - Samsung Electronics plans to invest 25 billion yen to establish an advanced chip packaging R&D center in Yokohama, expected to be operational by March 2027 [1] - Normal Computing announced the successful tape-out of the world's first thermodynamic computing chip CN101, designed for AI/HPC data centers, achieving unmatched computational efficiency [1] - Counterpoint Research reported a 110% year-on-year increase in global smart glasses shipments in H1 2025, driven by strong demand for Ray-Ban Meta smart glasses and new entrants like Xiaomi and TCL-RayNeo [1]

Group 1 - The UK has established the second electron beam lithography (EBL) center globally, which is capable of producing semiconductor chips with a resolution below 5 nanometers, using a 200kV system from JEOL [1][2] - The new EBL facility at the University of Southampton is expected to enhance the UK's capabilities in semiconductor research and development, particularly in quantum computing and silicon photonics [2][3] - The EBL technology, while advanced, is primarily used for academic research and training, and does not directly compete with ASML's EUV lithography machines [8][10] Group 2 - Electron beam lithography (EBL) is a mature technology that has been in use since the 1960s, providing higher resolution than traditional photolithography, making it suitable for mask fabrication and small-scale semiconductor production [3][4] - Major manufacturers of EBL systems include Raith, NBL, JEOL, NuFlare, and IMS Nanofabrication, with each company focusing on different aspects of the technology and market [5][6] - ASML, while dominant in the EUV lithography market, is also developing its own EBL technology, indicating ongoing competition and innovation within the sector [8][10]

Group 1 - The core viewpoint is that ASML dominates the photolithography market, holding over 80% market share, particularly in the high-end EUV lithography machines, which are essential for manufacturing chips below 7nm [1] - Global companies are seeking alternatives to bypass ASML's monopoly, especially regarding EUV technology, which could potentially reshape the semiconductor equipment landscape [3] - Various alternative technologies have been proposed, including Japan's NIL nanoimprint technology and the US's EBL electron beam technology, which are claimed to be capable of producing 5nm chips [5] Group 2 - The University of Southampton in the UK has announced the establishment of the first advanced electron beam lithography center with a resolution below 5nm, marking a significant development in chip manufacturing technology that does not rely on EUV machines [5][7] - The current electron beam lithography technology is limited to 200mm wafers (8 inches), with future advancements needed to support 300mm (12 inches) wafers [7] - If breakthroughs in electron beam lithography are achieved, ASML may face significant challenges, leading to a potential reshuffling of the current market dynamics [7]