2026 年 02 月 01 日 公司研究 评级：买入(维持) 研究所： 证券分析师： 刘熹 S0350523040001 liux10@ghzq.com.cn 联系人 ： 谢婧茹 S0350125070015 xiejr01@ghzq.com.cn [Table_Title] 量子计算驱动力增强，量子赛道扩张在即 ——国盾量子（688027）科创板公司普通报告 最近一年走势 | 相对沪深 300 | 表现 | | 2026/01/30 | | --- | --- | --- | --- | | 表现 | 1M | 3M | 12M | | 国盾量子 | 22.4% | 4.2% | 139.4% | | 沪深 300 | 1.2% | -0.1% | 23.3% | | 市场数据 | | | 2026/01/30 | | 当前价格（元） | | | 624.20 | | 周价格区间（元） 52 | | | 211.03-674.80 | | 总市值（百万） | | | 64,205.84 | | 流通市值（百万） | | | 50,169.68 | | 总股本（万股） | | | 10,286.10 | | ...

Core Viewpoint - Quantum technology is identified as a key future industry for national development, with recent catalysts indicating growth potential in the sector [1] Group 1: Industry Developments - The IPO application of Guoyi Quantum Technology (Hefei) Co., Ltd. has been accepted by the Sci-Tech Innovation Board, signaling increased investment interest in quantum technology [1] - The official release of the national standard for "Helium-free Dilution Refrigerators" marks a significant advancement in the industry, potentially enhancing the technological framework for quantum applications [1] Group 2: Investment Recommendations - Continuous attention is recommended for the quantum technology supply chain, particularly in areas such as quantum computing systems, dilution refrigerators, and low-temperature coaxial cables, which are critical components for the industry's growth [1]

Industry Insights - Shanghai Municipal Economic and Information Technology Commission has issued the "Shanghai Intelligent Terminal Industry High-Quality Development Action Plan (2026-2027)" to accelerate future terminal research and development, focusing on next-generation mobile communication, quantum computing, and photonic computing [1] - The plan includes advanced wireless communication, new network architecture, and integrated space-ground technology research, aiming for breakthroughs in quantum computing algorithms and applications in vertical industries [1] - Quantum computing is positioned as a key driver of future global technological transformation, with domestic companies having a relatively leading position in technology, products, and market layout in the quantum frontier technology field [1] Company Developments - Keda Guokuan has strategically invested in high-quality quantum technology enterprises and is actively promoting collaboration in quantum software, leveraging its advantages in industry-academia-research integration [2] - GuoDun Quantum is recognized as a domestic leader in quantum technology, covering quantum communication, quantum computing, and quantum precision measurement. It is the first publicly listed quantum technology company in China, with a significant revenue increase of 283.92% in quantum computing business due to breakthroughs in sales of quantum computing systems in the first half of 2025 [2]