量子信息：引领未来全球科技变革之关键力量

行业评级：增持 分分分分分分分分分分分分分分分S0640521060001 核心观点及投资建议 核心观点 ◼量子信息：引领未来全球科技变革之关键力量。分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分CEO分分分分分分分分分分分分分分分分分分分分分分分分6分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 ◼量子计算理论算力指数级超越电子计算。分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分AI分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分AI分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分IDC分分分2022分分分分分分分分分(分分分分分分分分分分分分分分分)分分分分分11分分分分2027分分分分分76分分分分分分分分分分分分分分分分分分2030分分分分分分分分1000分分分分2022-2030分分分分分分分分分79.72%分 ◼量子通信与量子测量：绝对安全与极限精度。分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分QKD分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分Coherent Market Insights分分分2030分分分分分分分分分分分分分分分78.5分分分分ICV TA&K分分分分分2030分分分分分分分分分分分分分分分分25.27分分分分 ◼投资建议：分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 量子信息：引领未来全球科技变革之关键力量 量子计算：理论算力指数级超越电子计算 量子通信与量子测量：绝对安全与极限精度 国内主要科技企业在量子技术及相关应用领域的市场布局 量子信息：引领未来全球科技变革之关键力量 分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分CEO分分分分分分分分分分分分分分分分分分分分分分分分6分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 1 1.1量子技术正在成为全球科技竞争新焦点 ➢2025年7月，欧盟委员会正式推出《量子战略》（QuantumStrategy），旨在2030年前使欧洲成为全球量子技术领导者。分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分2040分分分分分分分分分分分分分分分分分分分分分分分分分分分分1550分分分分 ➢9月，美国和英国签署《科技繁荣协议》，重点聚焦人工智能、量子科技和民用核能三大前沿技术领域合作。分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 ➢科技巨头英伟达对量子计算的态度发生较大转折。分分分CEO分分分分分分分分分分分分分分分分分分分分分分分分6分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分QPU分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分2024分11分分分分CUDA-Q分分分分分分分分分分分分分分分分分GPU分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分(Trapped Ion)分分分分分Quantinuum分分分分分分分分分(Photonic)分分分Postquantum分 1.2全球主要国家（地区）量子科技相关政策概览 1.3我国高度重视量子科技新质生产力发展 ➢2023年12月，习近平总书记在中央经济工作会议中提到“开辟量子、生命科学等未来产业新赛道”。2024分1分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分量子信息技术分2024分3分分分分分分分分分分分分分分分分2023分分分分分分分分分分分分分分分分分量子技术分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分量子技术分分分分分分分分分分分2024分3分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分3分分分分分分分分分分分分分量子信息分分分分分分分分分分分 ➢中美科技竞争加剧，22家国内量子科技研发机构被列入美国实体清单。分分分分2024分5分9分分分分分分分分分分分分37分分分分分分分分分分分分分分分22分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 1.4前沿创新具备突破经典信息技术瓶颈的潜力 ➢量子信息技术属于战略性、基础性的前沿科技创新。分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分主要包括量子计算、量子通信和量子测量三大应用领域，分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 1.5主要应用场景、技术路线及发展方向 ➢分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分共性关键技术和核心问题瓶颈需要进一步攻关突破分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分;分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分;分分分分分分分分分分分分分分分分分分分分分分分分分分分基础共性关键问题研究的攻关和突破，是量子信息技术进入实用化和产业化主要控制性因素分 分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 1.6量子信息产业相关市场规模展望 ➢量子计算：分分IDC分分分2022分分分分分分分分分(分分分分分分分分分分分分分分分)分分分分分11分分分分2027分分分分分76分分分分分分分分分分分分分分分分分分2030分分分分分分分分1000分分分分2022-2030分分分分分分分分分79.72%分 ➢量子通信：分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分(分分QKD)分PQC分QRNG分分分分分分分分分分2025分分分分分分分分分分分35.04分分分分分分Coherent Market Insights分分分2030分分分分分分分分分分分分分分分78.5分分分分 ➢量子测量：ICV TA&K分分分分分2022分分分分分分分分分分分分分分分分13.27分分分分分分分分分分分分分分分2030分分分分分分分分分分分分分分分25.27分分分分 分分分分分ICV TA&K分IDC分Coherent Market Insights分分分分分分分分分分分分分分分分 量子计算：理论算力指数级超越电子计算 2 分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分AI分分分分分分分分分分分分分分分分分分分分分分分分分分分分AI分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分ICV分分分2023分分分分分分分分分分分分分分47分分分分2023分2028分分分分分分分分分CAGR分分分44.8%分 2.1量子计算的颠覆性技术优势 ➢2012分分分分分分分(quantumsupremacy)分分分分分2019分分分分分分分分分分分分分分分分分分分分分分2020分分分分分分分分分分分分分分分分分分分分分分分分76分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分2分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分1000分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 图表：量子计算所运用的物理特性 分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 ⚫分分分分分分分分分分分分分分分分分分分0分1分分分分分分分分分分分分分分分分分分分分分00分10分01分11分4分分分分分分分分⚫分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分0分分分分1分分分分分分分分分分分分分分分分00分01分10分11分4分分分分分分分分分22分分⚫分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分N分分分分分(分分分分分分分分分分分)分分分分分分2N分分分分分分分分分分分分分分分分分⚫分分分分分分分分分分分分分分分分分分分分分分分分分分 分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 2.1.1产业主要成长历程 ➢美国在量子计算产业链上具有明显优势分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分IBM分分分分分分分分分分分分 2.1.2近年来基础理论研究与技术应用创新的发展迅速 ➢当前，量子计算产业正处于技术突破、应用探索、产业培养同步推进的关键期。相关科研基础理论研究及技术应用创新发展极其迅速，已经成为全球新一轮科技竞争的前沿研究热点。 理论研究：分分分分分分分分分分分分分分2015分分1000分分分分2024分分5000分分分2019分分分分分分分分分2020-2021分分分分分分500分分2024分分分分分1600分分分分分分分42%分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分分 发明专利：分分分分分分分分分分分分分分分分分分分19000分