每经头条（nbdtoutiao）——688496，被证监会立案！刚上市业绩就变脸，亏损超1亿元；核心产品受重 创：第一大客户"自产自用"，减少采购 （记者 曾健辉） 每经AI快讯，国盾量子（SH 688027，收盘价：460元）11月25日晚间发布公告称，公司第四届第十九 次董事会会议于2025年11月25日在公司会议室召开。会议审议了《关于选举独立董事的议案》等文件。 2024年1至12月份，国盾量子的营业收入构成为：量子通信行业占比57.79%，量子计算行业占比 22.33%，量子测精密量行业占比15.32%，其他业务占比4.56%。 截至发稿，国盾量子市值为473亿元。 ...

11月20日，国盾量子盘中下跌2.04%，截至10:37，报463.36元/股，成交5.60亿元，换手率1.48%，总市 值476.62亿元。 资金流向方面，主力资金净流出5890.08万元，特大单买入4190.02万元，占比7.49%，卖出6329.59万 元，占比11.31%；大单买入1.72亿元，占比30.79%，卖出2.10亿元，占比37.49%。 国盾量子今年以来股价涨55.30%，近5个交易日跌7.70%，近20日涨11.81%，近60日涨56.09%。 今年以来国盾量子已经1次登上龙虎榜，最近一次登上龙虎榜为10月30日，当日龙虎榜净买入1.64亿 元；买入总计9.93亿元 ，占总成交额比14.19%；卖出总计8.28亿元 ，占总成交额比11.84%。 资料显示，科大国盾量子技术股份有限公司位于安徽省合肥市高新区华佗巷777号科大国盾量子科技 园，成立日期2009年5月27日，上市日期2020年7月9日，公司主营业务涉及量子通信产品的研发、生 产、销售及技术服务,为各类光纤量子保密通信网络以及星地一体广域量子保密通信地面站的建设系统 地提供软硬件产品,为政务、金融、电力、国防等行业和领域提供组网 ...

Core Insights - The Chinese quantum technology industry is transitioning from "strategic layout" to "commercial dawn" driven by technological breakthroughs, policy support, and capital influx [1][4][12] - The Wind Quantum Technology Index reached a historical high with an annual increase of 40.92% as of October 31, indicating rising market expectations [1] Group 1: Technological Advancements - The "Zuchongzhi No. 3" quantum computing prototype has outperformed classical supercomputers by 15 orders of magnitude in "quantum random circuit sampling" [2][4] - China is shifting from a "follower" to a "leader" in quantum computing, marking a significant milestone in key technology fields [4] - Quantum technology is recognized as a crucial area for national technological strength, with the government prioritizing it in future industry cultivation plans [4] Group 2: Industry Development and Challenges - The quantum technology industry is still in the "0 to 1" incubation stage, with varying development progress across quantum computing, communication, and measurement [3][6] - Key bottlenecks for industrialization include technology maturity and supply chain integration, particularly in quantum bit stability and error correction [7][8] - The market size for quantum technology in China is projected to reach $9.758 billion by 2029, with a compound annual growth rate of 37.45% from 2024 to 2029 [6] Group 3: Investment Landscape - The quantum communication sector shows clearer commercial prospects, while quantum computing is viewed as a long-term strategic investment due to its potential to solve complex problems [8][10] - Companies like Guodun Quantum are gaining attention, with significant investments from public funds, indicating a growing interest in the sector [11][12] - The recent surge in quantum technology stocks is attributed to technological advancements and policy catalysts, although there are concerns about the sustainability of this growth [10][12][13]

Core Viewpoint - Guodun Quantum's stock price has shown significant volatility, with a year-to-date increase of 90.68% but a recent decline of 5.03% over the last five trading days [1] Company Overview - Guodun Quantum Technology Co., Ltd. was established on May 27, 2009, and went public on July 9, 2020. The company specializes in the research, production, and sales of quantum communication products and provides solutions for various sectors including government, finance, and national defense [2] - The company's revenue composition includes: 35.68% from related technical services, 34.31% from quantum communication products, 13.03% from quantum precision measurement products, 12.42% from quantum computing products, and 4.56% from other sources [2] Financial Performance - For the period from January to September 2025, Guodun Quantum achieved a revenue of 190 million yuan, representing a year-on-year growth of 90.27%. However, the net profit attributable to the parent company was a loss of 26.47 million yuan, which is a 51.98% increase in loss compared to the previous year [2] - The company has distributed a total of 9.6 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 12.24% to 21,700, with an average of 3,711 circulating shares per person, a decrease of 10.91% [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is a new entrant holding 1.1147 million shares, while Guangfa Multi-Factor Mixed Fund has exited the list [3] Market Activity - On November 6, Guodun Quantum's stock price rose by 2.14% to 568.90 yuan per share, with a trading volume of 1.735 billion yuan and a turnover rate of 3.85% [1] - The stock has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on October 30, where it recorded a net purchase of 164 million yuan [1]

Group 1 - The core point of the news is the performance and market position of GuoDun Quantum Technology Co., Ltd., which saw a stock price increase of 5.01% to 608.85 CNY per share, with a total market capitalization of 626.27 billion CNY [1] - GuoDun Quantum specializes in the research, production, sales, and technical services of quantum communication products, providing solutions for various sectors including government, finance, electricity, and national defense [1] - The company's revenue composition includes 35.68% from related technical services, 34.31% from quantum communication products, 13.03% from quantum precision measurement products, 12.42% from quantum computing products, and 4.56% from other sources [1] Group 2 - E Fund's ETF (588020) holds 64,200 shares of GuoDun Quantum, representing 3.38% of the fund's net value, ranking as the tenth largest holding [2] - The E Fund's ETF has achieved a year-to-date return of 75.34%, ranking 108 out of 4,216 in its category, and a one-year return of 80.98%, ranking 30 out of 3,894 [2] - The fund manager, Pang Yaping, has a tenure of 7 years and 18 days, with the fund's total asset size at 362.708 billion CNY and a best return of 90.95% during his management [3]

Core Viewpoint - The quantum technology sector is experiencing significant growth driven by favorable policies and technological advancements, attracting substantial attention from the capital market [1][2][8]. Industry Overview - Quantum technology has been included in China's "14th Five-Year Plan" as a key development area, alongside other emerging industries like biomanufacturing and 6G mobile communication, indicating its strategic importance for economic growth [2][8]. - Recent international collaborations, such as NVIDIA's efforts to connect quantum computing with traditional GPU systems, are enhancing the technological landscape and fostering industry growth [2]. Company Performance - Shenzhou Information (000555) has seen a remarkable stock price increase, achieving three trading limit-ups within six days, reflecting strong market interest in the quantum technology sector [1][3]. - The company reported a significant drop in revenue and a projected loss for 2024, attributed to a more than 40% decline in system integration revenue and a goodwill impairment of 365 million yuan [4]. - Despite the challenges, Shenzhou Information's stock has risen approximately 34% in October and over 60% year-to-date, indicating strong market performance amidst the sector's growth [6]. Future Prospects - Analysts believe that quantum computing is at a critical stage of technological breakthroughs and application exploration, with substantial potential for future development [7][8]. - The synergy between quantum technology and AI is expected to drive innovation and open new pathways for industry growth [7].

Core Insights - The quantum technology sector is experiencing rapid growth due to favorable policies and technological advancements, making it a focal point for capital markets [2][4][10] - Shenzhou Information has seen a significant increase in stock price, achieving three trading halts within six days, indicating strong market interest [3][5][8] Industry Overview - Quantum technology has been included in China's 14th Five-Year Plan as a key development area, alongside other emerging industries, highlighting its strategic importance for economic growth [4][10] - International collaboration in quantum technology is advancing, with NVIDIA showcasing systems that connect traditional GPUs with quantum computers, enhancing computational capabilities [4] Company Performance - Shenzhou Information's stock price surged approximately 34% in October, with a year-to-date increase exceeding 60% [8] - The company reported a decline in revenue and net profit for 2024, with expected revenue of 100.03 billion and a net loss of 5.24 billion, attributed to a significant drop in system integration revenue and goodwill impairment [6] Research and Development - Shenzhou Information maintains a leading position in R&D, with expenditures of 6.32 billion in 2022 and 7.29 billion in 2023, and a total of 2,420 software copyrights and patents as of mid-2025 [7] Market Sentiment - Analysts view quantum computing as a disruptive technology with substantial future potential, particularly in quantum security and its applications in AI and other fields [9][10] - The recent surge in interest in quantum technology is driven by a combination of supportive policies, technological breakthroughs, and market expectations for future applications [10]

Core Viewpoint - GuoDun Quantum is a leading supplier of quantum communication equipment in China, with strong technological advantages and capabilities in quantum communication, computing, and measurement [1] Group 1: Business Overview - GuoDun Quantum was established on May 27, 2009, and listed on the Shanghai Stock Exchange on July 9, 2020, with its headquarters in Hefei, Anhui Province [1] - The company focuses on the research, production, sales, and technical services of quantum communication products, providing software and hardware for fiber-optic quantum secure communication networks and ground stations for wide-area quantum secure communication [1] Group 2: Financial Performance - In Q3 2025, GuoDun Quantum reported revenue of 190 million yuan, ranking 26th in the industry, while the industry leader, Yiyuan Communication, achieved 17.877 billion yuan in revenue [2] - The company's net profit for the same period was -26.2362 million yuan, ranking 20th in the industry, with the industry leader, Yilian Network, reporting a net profit of 1.958 billion yuan [2] Group 3: Financial Ratios - As of Q3 2025, GuoDun Quantum's debt-to-asset ratio was 9.66%, down from 16.02% year-on-year, significantly lower than the industry average of 40.17%, indicating strong debt repayment capability [3] - The gross profit margin for Q3 2025 was 47.16%, lower than the previous year's 56.94% but still above the industry average of 26.55%, reflecting good profitability [3] Group 4: Management and Shareholder Information - The president, Ying Yong, received a salary of 1.0425 million yuan in 2024, an increase of 59,000 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders increased by 12.24% to 21,700, while the average number of circulating A-shares held per account decreased by 10.91% to 3,711.58 [5] Group 5: Business Highlights and Future Outlook - The company has shown significant revenue growth in Q1 to Q3 2025, with a notable reduction in net losses. Key business highlights include contributions from quantum computing and a 30% year-on-year increase in quantum communication business [5] - Future net profit projections for 2025, 2026, and 2027 are 2 million, 8 million, and 20 million yuan, respectively, with analysts maintaining a "buy" rating based on strong order growth and market positioning [5]

Group 1 - The core point of the news is that GuoDun Quantum's stock has seen a significant increase, rising 5.66% to 486.03 CNY per share, with a total market capitalization of 49.994 billion CNY and a cumulative increase of 21.05% over the past four days [1] - GuoDun Quantum Technology Co., Ltd. specializes in the research, production, and sales of quantum communication products, providing solutions for various sectors including government, finance, and defense [1] - The company's revenue composition includes: technical services (35.68%), quantum communication products (34.31%), quantum precision measurement products (13.03%), quantum computing products (12.42%), and others (4.56%) [1] Group 2 - According to data, Huaxia Fund holds a significant position in GuoDun Quantum, with the Huaxia SSE STAR 100 ETF reducing its holdings by 88,000 shares in Q3, now holding 141,800 shares, which represents 1.73% of the fund's net value [2] - The Huaxia SSE STAR 100 ETF has achieved a year-to-date return of 52.88%, ranking 561 out of 4216 in its category, and a one-year return of 50%, ranking 595 out of 3877 [2]

Group 1 - The core viewpoint of the news is the performance and market position of GuoDun Quantum Technology Co., Ltd., which saw a stock price increase of 5.01% to 395.67 CNY per share, with a total market capitalization of 40.699 billion CNY [1] - GuoDun Quantum, established on May 27, 2009, specializes in the research, production, sales, and technical services of quantum communication products, providing solutions for various sectors including government, finance, power, and national defense [1] - The company's revenue composition includes: technical services (35.68%), quantum communication products (34.31%), quantum precision measurement products (13.03%), quantum computing products (12.42%), and other (4.56%) [1] Group 2 - From the perspective of fund holdings, ShanZheng Asset Management has a fund that heavily invests in GuoDun Quantum, specifically the ShanZheng Asset Management Selected Industry Mixed Initiation A (018750), which increased its holdings by 200 shares in the second quarter [2] - The fund's current holdings amount to 1,671 shares, representing 4.06% of the fund's net value, making it the seventh largest holding [2] - The fund has a total scale of 10.9956 million CNY, with a year-to-date return of 4.15% and a one-year return of 9.43% [2]