QuantumCTek(SH:688027)2026-02-24 03:10Summary of Quantum Industry Conference Call Industry Overview - The conference call focused on the quantum technology industry, highlighting significant advancements and trends in quantum computing and communication [1][2]. Core Insights Technological Confidence 1. Quantum Computing: - A breakthrough in quantum surface code technology was achieved by Professor Pan's team in December 2025, marking a significant advancement with a logic error rate that decreases significantly as the code distance increases, comparable to Google's Willow error correction technology [2][3]. - The core technology involves a microwave quantum state leakage suppression architecture, achieving a code distance of 7 [3]. 2. Quantum Communication: - In February, the team constructed a scalable quantum relay module, achieving a distance breakthrough in device-independent quantum key distribution (DI-QKD) exceeding 100 kilometers, which is two orders of magnitude better than the international standard [3][4]. Industry Trends 1. Quantum Computing: - Leading company GuoDun Quantum turned a profit in 2025, marking a significant turning point in the industry. The company's revenue for quantum computing reached approximately 1 billion, nearly doubling year-on-year, with a backlog of quantum computer orders close to 1 billion [5]. - Liangxi Technology reported high growth in orders, with nearly 1 billion in orders for delivery in 2026, and an additional 62 million in new orders in Q3, indicating a clear acceleration in order growth [5]. 2. Quantum Communication: - Over 40 quantum secure communication metropolitan networks have been established in China, with a total backbone network mileage exceeding 12,000 kilometers. The "14th Five-Year Plan" period will see the gradual opening of quantum communication backbone networks in regions like Beijing-Han, Wuhan-Hubei, and the Yangtze River Delta, which is expected to lead to a surge in quantum communication terminal deployment [5]. Outlook 1. Short-term: - Anticipation of the release of detailed guidelines following the Two Sessions, updates from the NVIDIA GTC conference regarding quantum advancements, and progress in quantum L4 autonomous driving chips [6]. 2. Mid-term: - Local government tenders for supercomputing centers, along with order growth from GuoDun Quantum and a turning point in financial reports [6].