20260223 量子更新：春晚量子"破圈"，重视技术突破和产业趋势 【国金机械】 一句话：逐步解决量子通信无法远距离传输的问题，为广域量子网络构建铺平道路。 20260223 量子更新：春晚量子"破圈"，重视技术突破和产业趋势 【国金机械】 量子春晚"破圈"：潘院士在春晚合肥分会场带着"墨子号"现身，并发出"量子的未来就在我们手中"，我们解读下来 核心要义为两点：技术自信和产业趋势。 技术自信： 1量子计算：潘院士团队在25年12月突破的量子表面码技术，实现了"低于阈值，越纠越对"的重大进展，对标谷歌 Willow的纠错技术。 其中核心技术为微波量子态泄漏抑制架构，实现了码距为7的表面码逻辑比特，逻辑错误率随码距增加显著下降。 2量子通信：2月潘院士团队构建了可扩展量子中继模块，并将器件无关量子密钥分发（DI-QKD）距离突破百公 里，较国际水平提升两个数量级。 量子春晚"破圈"：潘院士在春晚合肥分会场带着"墨子号"现身，并发出"量子的未来就在我们手中"，我们解读下来 核心要义为两点：技术自信和产业趋势。 技术自信： 1量子计算：潘院士团队在25年12月突破的量子表面码技术，实现了"低于阈值，越纠越对"的重 ...

Core Viewpoint - Hefei is emerging as a significant hub for advanced industries, particularly in quantum information, fusion energy, and deep space exploration, as showcased during the Spring Festival Gala [2][3][4]. Quantum Information - Hefei is recognized as the "Quantum City," with over 85% of the country's quantum enterprises located in its high-tech zone, including notable achievements like the "Mozi" quantum satellite and the "Nine Chapters" quantum computer [9][12]. - The city is witnessing a wave of IPOs in the quantum sector, with companies like Guoyi Quantum and Benyuan Quantum preparing for public offerings, supported by leading scientists from the University of Science and Technology of China [10][12]. Fusion Energy - Hefei is making strides in fusion energy, with projects like the EAST and CRAFT facilities achieving significant milestones, including the "billion-degree seconds" world record [8][9]. - The establishment of Fusion New Energy, backed by local investment and major companies, is positioning Hefei as a leader in the fusion energy sector, with nearly 60 related enterprises in the area [8][9]. Deep Space Exploration - The city is developing a deep space exploration laboratory that is incubating around 50 projects related to satellite manufacturing and aerospace applications, attracting top commercial space enterprises [9][10]. - Hefei's deep space initiatives are part of a broader strategy to enhance its technological capabilities and innovation landscape [9]. Investment and Economic Growth - Hefei is experiencing a surge in IPO activity, with projections indicating that by 2025, it will have 88 A-share listed companies, ranking fifth among provincial capitals [10][11]. - The city has invested heavily in technology, with over 100 billion yuan allocated during the 14th Five-Year Plan, making it a leading city in R&D spending among provincial capitals [13].

Core Viewpoints - The mechanical industry is expected to embrace "technology + going global" as its dual main lines in 2026, focusing on high elasticity growth opportunities and performance certainty from overseas expansion [13][9][7] 2025 Review Market Performance - In 2025, the mechanical sector achieved a 41% increase, significantly outperforming the CSI 300 index, which rose by 18%, ranking fifth among A-share sub-industries [6][16] - The sub-sectors that performed well included PCB equipment (+252%), 3C equipment (+129%), controllable nuclear fusion (+119%), data centers (+112%), and humanoid robots (+85%) [20][6] Demand Side - Domestic demand showed signs of bottoming out, with a marginal improvement towards the end of 2025, while external demand began to recover positively [31][35] - The manufacturing PMI in December 2025 rebounded to 50.1, indicating a return to expansion territory, driven by large enterprises and high-tech manufacturing [32][35] Cost Side - The cost structure showed a continuous improvement trend, with PPI declining by 2.6% year-on-year in 2025, reflecting insufficient industrial demand [31][33] 2026 Outlook Macro Perspective - The macro narrative for the next five years is centered around "AI commercialization + global re-industrialization," with expectations of a cyclical recovery driven by proactive fiscal policies [6][7] Mid-level Perspective - Technology - The technology sector is expected to see explosive growth, with key areas including data centers, PCB equipment, semiconductor equipment, humanoid robots, and commercial aerospace [7][9] Mid-level Perspective - Going Global - The overseas production capacity is anticipated to enter a release phase in 2026, with significant revenue and profit growth expected for companies in the machinery and equipment sectors [7][8] Investment Recommendations - Investment strategies should focus on high-certainty directions with strong industry trends and competitive advantages, prioritizing stock selection based on industry trends, competitive positioning, and valuation [7][8] - Long-term investments should consider companies with platform capabilities that offer sustainable value [7][8]

（文章来源：证券日报） 证券日报网讯 2月11日，国盾量子在互动平台回答投资者提问时表示，公司会在定期报告中公布普通股 股东总数及前10名股东持股情况。 ...

Core Viewpoint - MSCI has announced the inclusion of 37 Chinese companies into its global standard index while removing 16, resulting in a net increase of 21 companies, marking the largest expansion since May 2023. This adjustment provides new support for the Chinese stock market, which has experienced an unexpected rebound since last year [1][2]. Group 1: Market Impact - The adjustment will directly affect the allocation of passive funds tracking the MSCI index, potentially leading to increased buying of Chinese stocks [1]. - The attractiveness of the Chinese stock market is growing, especially as interest in U.S. asset allocation declines, driven by China's technological advancements and trade resilience [2]. Group 2: Sector Focus - The newly added companies are predominantly in the technology sector, including semiconductor manufacturer Anji Microelectronics, autonomous driving technology provider Pony AI, and quantum information product manufacturer GuoDun Quantum [4]. - Several consumer companies have been removed from the index, reflecting a shift in investor interest towards artificial intelligence and innovation-related sectors [5]. Group 3: Future Outlook - There is an expectation that more companies will be included in the future, as new growth opportunities arise from emerging industries. Global investors are encouraged to focus more on the Chinese mainland market for genuine growth opportunities [5].

Summary of Key Points from the Conference Call Industry Focus - The discussion centers around the **quantum computing industry**, highlighting its potential for investment opportunities in the near future [1]. Core Insights and Arguments - The company emphasizes that **quantum technology** is a promising investment theme, suggesting a phased approach to investment in this sector [1]. - It is anticipated that by **2026**, multiple provinces will likely initiate tenders for **hyper-converged computing** systems, which is expected to benefit leading companies such as **Guodun Quantum** [1]. - In terms of applications, **Guoxin Technology** has recently developed quantum chips for **L4 safety in intelligent driving**, marking a significant step towards practical applications of quantum technology in this field [1]. Individual Stock Insights - The company highlights **Hexin** as a stock to watch, indicating that it is expected to see developments soon, and suggests that the negative impacts from ST (Special Treatment) have largely been absorbed [1]. Investment Recommendations - The company recommends investing in the following stocks: - **Guodun Quantum** - **Hexin Instruments** - **Guoxin Technology** [1].

Group 1 - The core announcement is the election of Zhang Wenqiang as the chairman and legal representative of GuoDun Quantum, following the company's first extraordinary shareholders' meeting of 2026 and the 22nd meeting of the fourth board of directors [1][3] - Zhang Wenqiang, previously a senior official at China Telecom Group, has taken on the role of chairman of GuoDun Quantum just one month after becoming the chairman and general manager of China Telecom Quantum Information Technology Group [1][3] - The board of directors also approved the resignation of certain directors and elected Zhang Wenqiang and Gan Yu as non-independent directors, with their term lasting until the current board's term ends [3] Group 2 - Zhang Wenqiang's career reflects a dual development in technology and management, having worked extensively in network maintenance, technical research, and project management at China Telecom Group [3] - The establishment of China Telecom Quantum Group in 2023 is a key part of China Telecom's strategy in the quantum field, highlighting the importance of quantum communication for future information security [4] - In January 2025, China Telecom Quantum Group became the controlling shareholder of GuoDun Quantum through a subscription for newly issued shares, with the actual controller changing to the State-owned Assets Supervision and Administration Commission of the State Council [4]

国盾量子涨5.5%，报705.35元/股，股价再创新高，总市值突破725.53亿元，成交额达14.24亿元。（AI 生成） ...

数据显示，中欧基金旗下1只基金重仓国盾量子。中欧上证科创板100指数发起A（021660）四季度持有 股数4405股，占基金净值比例为2.32%，位居第六大重仓股。根据测算，今日浮盈赚取约14.88万元。 中欧上证科创板100指数发起A（021660）成立日期2024年7月31日，最新规模3876.56万。今年以来收益 8.39%，同类排名664/5579；近一年收益56.6%，同类排名479/4289；成立以来收益103.53%。 2月9日，国盾量子涨5.05%，截至发稿，报702.36元/股，成交12.26亿元，换手率2.22%，总市值722.45 亿元。 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及量子安全应用解决方案。主营 业务收入构成为：相关技术服务35.68%，量子通信产品34.31%，量子精密测 ...

科大国盾量子技术股份有限公司 2026年第一次临时股东会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的 真实性、准确性和完整性依法承担法律责任。 证券代码：688027 证券简称：国盾量子 公告编号：2026-009 重要内容提示： ● 本次会议是否有被否决议案：无 一、会议召开和出席情况 （一）股东会召开的时间：2026年2月6日 （二）股东会召开的地点：安徽省合肥市高新区华佗巷777号科大国盾量子科技园 （三）出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及其持有表决权数量的情 况： ■ （四）表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 会议采用现场投票和网络投票相结合的表决方式，会议的表决程序和方式符合《公司法》和《公司章 程》的规定，本次股东会由董事应勇先生主持。 （五）公司董事和董事会秘书的列席情况 1、公司在任董事9人，列席9人； 2、董事会秘书童璐女士、财务总监谭琪先生等其他高管列席本次会议。 二、议案审议情况 （一）非累积投票议案 1、议案名称：《关于签订技术实施许可合同暨关联交易的议案》 审议结果：通过 ...