The Zhitong Finance App learned that China Galaxy Securities released a research report saying that currently, the quantum communication and quantum computing industrialization process will continue to improve with China's new productivity and the promotion of academia. The prospects for the industrialization of quantum computing and quantum communication are relatively good, and China is in the leading position in the world. It is expected that with the continuous breakthroughs in superconducting technology, the gradual determination of quantum computer technology routes, and the continuous evolution of quantum computing algorithms, quantum computing and quantum communication rely on their characteristics such as high confidentiality, low latency, and high reliability, and the application scenarios will gradually expand from special scenarios to the civilian consumer field. Wide market space.

At the same time, since the chip manufacturing process currently required for quantum computers is not a limitation, China is expected to maintain a leading trend in the quantum field, lead the development and evolution of international quantum technology, and continue China's leading trend in the telecommunications field in the quantum era.

Quantum information technology research and development barriers are high and the cycle is long, and capital investment enables core technology research to continue to advance

China Galaxy Securities pointed out that quantum information technology brings important scientific significance and huge potential application value. The world is speeding up technology research and development, and competition in the field is fierce. Judging from the industrial cycle, the international academic community generally believes that it will still take 10 years or more to achieve a general-purpose quantum computer. The governments, scientific research institutions and industrial capital of developed countries such as Europe and the US are continuously improving their strategic plans and steadily increasing investment in R&D.

In recent years, the United States launched the 10-year “National Quantum Action Act”, the European Union officially implemented the “Quantum Technology Flagship Project”, and the United Kingdom issued the “National Quantum Strategy”, etc., and the global government has continuously strengthened its leading and leading role. Judging from the scientific research foundation, China's papers and patents mainly come from universities and research institutes. Among European and American research patents in the field of quantum information, technology companies dominate the number of applications, and the industry plays a strong role in leading innovation. China's scientific and technological achievements still need to be further transformed into industry. Currently, the gap in the amount of R&D investment between China and the US is small, and the number of important research centers in quantum computing in China is expected to continue to increase. With the continuous growth in the number of quantum information enterprises and the scale of investment and financing in China, research on key core quantum technologies and the level of industrialization are expected to continue to advance.

China's quantum communication industry chain is gradually complete, autonomous and controllable, and the high growth scale of the industry is expected to continue to rise

China Galaxy Securities pointed out that in terms of quantum computing, the industrial chain is mainly divided into three parts: quantum algorithms, quantum hardware, and quantum applications. Since quantum algorithms are highly complex and take a relatively long time, they mainly consist of technical research led by universities and the country, and the industrialization of research results is relatively slow. Among quantum hardware, domestic software and hardware as a whole are led by Internet vendors. Specialized research institutes are mainly universities and related departments. Overseas software is more scattered, and the hardware level is more concentrated. In terms of quantum communication, networks and their applications continue to evolve, and they currently have the capacity to produce a full chain of equipment.

At present, quantum communication technology can construct ultra-light-speed information networks. Using quantum stealth transmission and characteristics such as large channel capacity, ultra-high communication speed, and high information efficiency, it not only satisfies the special needs of military information networks, but also satisfies the needs of the civilian sector for low latency and high bandwidth, and the application prospects are bright. With the future construction of integrated sky communications in China, the quantum information industry is showing high growth, and the quantum communication market is expected to continue to rise.

Recommended attention: China Telecom Holdings, China Telecom Holdings, China Shield Quantum (688027.SH), which focuses on quantum communication, Zhongtian Technology (600522.SH), which focuses on optical transmission, Guangxun Technology (002281.SZ), which focuses on quantum chips, etc.

Risk warning: the risk of domestic and foreign policy and technological friction and uncertainty; the risk of increased competition in the global quantum information industry; the risk of uncertainty in technology development; the risk of market development falling short of expectations, etc.