"不沿江、不沿淮、不靠海"，没有禀赋资源，曾经的内陆"腹地"城市合肥，如今在互联网上是名副其实 的"网红城市"，"科里科气"、"芯屏汽合"、"集终生智"，网友们各种调侃背后，反映了合肥紧抓科技这 一"关键变量"、实现产业快速转型升级，在科技与产业深度融合中走出了一条高质量发展之路。 金秋时节，合肥市委网信办主办了"信心合肥"——长三角主流网络媒体调研行活动。扬子晚报/紫牛新 闻记者和长三角的数十家主流媒体记者一起，走进了合肥，几天时间里，记者实地探访了世界制造业大 会现场、合肥合翼航空、亿帆医药（002019）、派能科技等点位，深切感受到合肥以独特的产业投资方 式和科技创新模式，孕育出高质量发展"最大增量"，以科创之城姿态展示出强劲发展势头。 "低空翱翔" 经济新翼 "嗡……"，伴随一声呼啸，在世界最大的城市公园之一——合肥骆岗公园城市空中交通运营中心停机坪 上，电动垂直起降航空器（eVTOL）瞬间升空，旁边的"航站楼"大厅里，售票系统已经就绪，这意味着 普通市民很快将能够体验空中出行。 联想是"制造业皖军"的主力队员，2011年在合肥投资建设的制造基地已经成长为联想全球制造的重镇， 去年全年工业产值达到10 ...

评 新 而 论 科技赋能 制造向新 当前，新一轮科技革命和产业变革深入发展，创新渗透于生产力诸要素中，贯穿于制造业全流程。作为 发展新质生产力的基本路径，科技创新是产业升级的核心动力，产业创新则为科技创新提供广阔应用场 景和市场空间，两者相互依存、相互促进。打通基础研究到产业应用的瓶颈，架起产品从"实验 室"到"生产线"的桥梁……"十四五"时期，我国科技管理体制实现重塑，新型举国体制优势充分彰显。 在制度创新的有力推动下，科技创新和产业创新加速融合。 作为创新主体，企业在技术研发、成果转化中的主导作用进一步凸显，研发投入占比超过77%；高新技 术企业超50万家，较2020年增加83%。规模以上制造业企业研发经费占营业收入比重超过1.6%，570多 家工业企业入围全球研发投入2500强。企业发明专利产业化率达53.3%，较"十三五"末提高8.4个百分 点。更多创新成果转化为现实的生产力，也在打造企业未来的核心竞争力。 我国正处在经济转型升级的关键期。展望未来，新型工业化之路既充满机遇也面临挑战，比如关键技术 攻关、产业结构优化等任务依然艰巨，产业非理性竞争的问题还比较突出。推动制造业高端化、智能 化、绿色化发展 ...

Core Insights - Quantum technology is a crucial development direction for China's future industries and is expected to disrupt emerging technologies [1] - Recent innovations in China's quantum technology field have led to significant advancements in quantum computing, communication, and measurement [1][3] Group 1: Quantum Technology Innovations - China's self-developed quantum computing prototype "Zu Chongzhi III" was launched in March 2025, setting a new global record for superconducting quantum computing superiority [3] - In July 2025, a research team created a "nano-photon factory," producing a new type of quantum entangled light source with a fidelity of 99.4%, laying a critical foundation for advanced quantum applications [3] - A 300-kilometer quantum direct communication network has been successfully established, demonstrating the feasibility of long-distance high-security communication [5] Group 2: Quantum Sensing and Measurement - The world's smallest quantum sensor, located at the tip of a diamond probe with a diameter of only 500 nanometers, is capable of measuring at the atomic level [8] - Quantum sensors can measure extremely small entities, such as individual cells and molecules, which traditional sensors cannot detect [10] - The core team from Guoyi Quantum aims to transform quantum measurement research into products, achieving breakthroughs in China's high-end scientific instruments [12] Group 3: Applications in Power and Energy - The world's first quantum application demonstration substation in Hefei integrates 85 types of quantum technology-related products, enhancing operational safety and efficiency [14] - Quantum communication ensures secure transmission of electrical information, while quantum computing performs dynamic data calculations between power nodes [15] - Quantum sensors in the substation can monitor multiple parameters with high sensitivity, significantly improving the reliability of the power system [17][19] Group 4: Quantum Computing Capabilities - China's highest bit-count superconducting quantum computer has 504 qubits, potentially exceeding the computational power of all current supercomputers [21] - Quantum computing can revolutionize fields such as meteorological prediction and information security, with ongoing explorations proving its feasibility [23] - New quantum communication technologies are being tested to ensure absolute information security, with future applications in global secure information networks [25] Group 5: Industry Development and Policy Support - The Ministry of Industry and Information Technology and other departments have proposed plans to develop future industries, including quantum technology, aiming to create a hundred billion-level industrial cluster by 2027 [26] - Hefei is recognized as a key innovation hub for quantum technology, with specialized parks and clusters being established [26] - Other cities like Beijing and Shanghai are also accelerating the practical application of quantum technology through various initiatives and policies [26]

我国新能源汽车去年产量突破1300万辆，产销量连续10年保持全球第一;累计培育专精特新中小企业超 过14万家，"小巨人"企业1.46万家;制造业增加值增量预计达到8万亿元，总体规模连续15年保持全球第 一…… 9月9日，国新办举行新闻发布会，介绍"十四五"时期大力推进新型工业化、巩固壮大实体经济根基有关 情况。工业和信息化部部长李乐成在会上表示，"十四五"以来，工业和信息化系统与各地区、各部门一 道，推进新型工业化持续走深走实，取得新的历史性成就。 创新是推动新型工业化和实体经济发展的核心动力。"十四五"期间，工业和信息化部强供给、搭平台、 壮主体、促转化，大力提升产业科技创新能力，有力带动产业跃迁升级。 李乐成介绍，"十四五"期间，工业和信息化部新布局了16家国家级制造业创新中心，总数达到33家，突 破近700项关键共性技术，打通基础研究到产业应用的瓶颈。同时，累计认定187家工业和信息化部重点 实验室，遴选首批241家工业和信息化部重点培育中试平台，架起了产品从"实验室"到"生产线"的桥 梁。 同时，我国企业的科技创新主体地位实现"新跃升"。在创新投入方面，工业和信息化部落实研发费用加 计扣除等相关政策， ...

9月9日，在国新办举行的新闻发布会上，工信部部长李乐成用六个"更加"概括"十四五"以来新型工业化 走深走实、取得的历史性成就——"压舱石"作用更加凸显、创新动能更加澎湃、产业结构更加优化、数 智化应用更加普及、产业基础更加牢固、专精特新"金字招牌"更加闪亮。"十四五"期间，中国工业发展 从"有没有"向"好不好"迈进，攀高向优、"新"潮澎湃。 新型工业化之"新"，在于产业格局的优化重塑。 2024年我国18家传统制造业企业入选世界品牌500强，国货国潮品牌加速崛起，优质产品畅销全球；新 能源汽车、光伏、锂电池、船舶和海洋工程装备等一批具有国际竞争力的优势产业培育壮大；人形机器 人已具备从关键芯片、部组件到整机的全产业链制造能力，超导量子计算机、光量子计算机实现了量子 优越性验证……"十四五"以来，我国传统产业加快"焕新"，新兴产业加速"领跑"，未来产业加力"生 根"，构建起多元发展、多极支撑的现代产业体系。 新型工业化之"新"，在于技术路径的颠覆创新。 5G、人工智能、工业互联网……这些不再是遥远的概念，而是正在改变工业生产方式的现实力量。全 国"5G+工业互联网"建设项目超过2万个，"无人矿山""黑灯工厂"" ...

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].

Financial Performance - In the first half of 2025, the company's revenue reached 121,370,646.67 yuan, representing a year-on-year increase of 74.54% compared to 69,535,973.60 yuan in the same period last year [2][4] - The net loss attributable to shareholders was 23,790,033.45 yuan, an improvement from a loss of 35,342,766.39 yuan in the previous year [2][4] - The net loss after deducting non-recurring gains and losses was 46,754,015.76 yuan, slightly worse than the loss of 44,717,334.13 yuan in the same period last year [2][4] Assets and Equity - As of the end of the first half, total assets amounted to 3,575,718,885.88 yuan, a year-on-year increase of 0.18% [3][4] - The net assets attributable to shareholders decreased by 0.73% to 3,215,950,385.29 yuan compared to the end of the previous year [3][4] Key Financial Ratios - Basic earnings per share for the first half were -0.23 yuan, improving from -0.44 yuan in the same period last year [5] - The weighted average return on net assets increased by 1.63 percentage points to -0.74% [5] - Research and development expenses accounted for 45.46% of revenue, a decrease of 13.85 percentage points from the previous year [5][6] Research and Development - The company invested 55,170,800 yuan in R&D, a year-on-year increase of 33.77% [6] - The company is involved in significant projects, including the Hefei Super Fusion Computing Center and the Tianyan Quantum Computing Cloud Platform, enhancing its capabilities in quantum computing [6] - The company is exploring various algorithm solutions in collaboration with strategic partners in fields such as weather forecasting and financial analysis [6]

Group 1 - The People's Bank of China announced that the Renminbi has become the fourth largest payment currency and the third largest trade investment currency globally, indicating its growing international monetary functions [1] - In 2024, the total amount of cross-border Renminbi payments in Shanghai is projected to reach 29.8 trillion yuan, a year-on-year increase of 30%, accounting for 47% of the national total [2] - The Inner Mongolia Autonomous Region has achieved a computing power scale of approximately 120,000 P, ranking first in the country, with over 90% being intelligent computing power [7] Group 2 - The China Securities Association is conducting research on the unified interface standard system construction for securities firms' core business systems, focusing on system architecture, interface specifications, and business challenges [6] - Fujitsu and RIKEN in Japan have developed a superconducting quantum computer with 256 quantum bits, quadrupling the computing power of the previous generation [5] - The Ministry of Water Resources has launched a three-year action plan for the construction and management of flood retention areas, aiming to complete the engineering tasks for 72 national flood retention areas by the end of 2027 [8] Group 3 - U.S. President Trump stated that tariffs on Chinese goods will "significantly decrease, but will not go to zero," reflecting ongoing discussions about trade relations between the two largest economies [4] - Storage suppliers have raised DRAM prices by 8% to 10% as OEM manufacturers increase inventory levels ahead of clearer tariff policies, while NAND Flash prices remain stable due to slowing demand [10]

Summary of Quantum Computing Conference Call Industry Overview - The conference focuses on the **quantum computing industry**, discussing its principles, technologies, applications, and challenges. Core Points and Arguments - **Definition and Principles of Quantum Computing**: Quantum computing is based on quantum mechanics, utilizing quantum bits (qubits) that can represent 0, 1, or both simultaneously, allowing for exponential growth in processing power as more qubits are added [3][4][10]. - **Current Quantum Computing Technologies**: The main technological routes include: - **Superconducting**: Mature but requires extremely low temperatures [5][12]. - **Ion Trap**: High precision but complex operations [5][15]. - **Neutral Atom**: Similar to ion traps but uses optical methods [5][12]. - **Optical**: Performs well in fast computation scenarios but is still debated regarding its stability [5][12]. - **Applications**: Quantum computers excel in simulating and optimizing complex problems, such as drug simulations and molecular dynamics, but are less efficient for simple arithmetic tasks [10][11]. - **Challenges**: High error rates, stability in large-scale systems, and material science issues are significant hurdles for practical applications [6][18]. - **Quantum Entanglement**: This phenomenon allows qubits to be interconnected, affecting each other's states instantaneously, but does not allow for faster-than-light information transfer [7][8]. Additional Important Content - **Performance Metrics**: Quantum volume (QV) is a key performance indicator, with Honeywell's ion trap quantum computer achieving a QV of over 1.1 million, while IBM's superconducting technology has a QV in the thousands [20]. - **Commercialization Efforts**: Companies like IONQ are exploring commercial applications, primarily in military sectors, with limited revenue currently [22]. - **Impact on Security**: Quantum computing poses a potential long-term threat to current encryption systems, but immediate risks are minimal. Preparations for quantum-resistant algorithms are underway [23][24]. - **Types of Quantum Chips**: Various quantum chips exist, including superconducting, ion trap, and optical chips, each with unique materials and stability challenges [25]. - **Market Landscape**: Currently, there are no publicly listed companies solely focused on quantum computing in China, although companies like GuoDun are involved in related fields [26]. This summary encapsulates the key discussions and insights from the quantum computing conference call, highlighting the industry's current state, technological advancements, and future challenges.