share_log

国盾量子(688027):重视通信安全 量子加密先行

National Shield Quantum (688027): Focus on communication security, quantum encryption first

東北證券 ·  Oct 13, 2023 00:00

Events:

[1T0a / ble_ 9s um, mgongary] said on the interactive platform that it is currently working with China Telecom Corporation on a quantum secure call product, which is suitable for most mobile phone models on the market and is currently in the promotion period. According to data from China Telecom Corporation, the number of users has exceeded 700000.

Comments:

Jointly with China Telecom Corporation to launch quantum encrypted communication, multi-mode helps communication security. As a leading enterprise in the industrialization of quantum communication technology in China, the company has jointly launched "Quantum Secret talk", "dual-mode intercom", "OTN Fusion Quantum encryption Line" and other products jointly launched with China Telecom Corporation to the market, providing "Quantum +" security services for various industries and fields. Communication security is an important link that can not be ignored in government, military, enterprise and other fields. how to achieve safe and effective communication is related to the vital interests of the country, companies and individuals.

Quantum communication combines the secure quantum key distribution technology of information theory and secure cryptographic algorithms to form a secure solution for encrypted communication, which has long-term security against computing and deciphering. No matter what computing and analysis capabilities the attacker has (including quantum computing), the information encrypted with quantum keys has extremely high security. The company continues to iterate over the core products of quantum secure communication, expand the scope of application of quantum security, and constantly improve the solutions combined with mobile communications, industrial Internet, big data and other industries.

Build a quantum computing cloud platform and continue to promote the application of quantum computing. Quantum computer has ultra-fast parallel computing ability in principle. For specific problems, quantum computing shows faster, more accurate and more resource-saving computing advantages than classical computers through specific algorithms. The company has successively developed two superconducting quantum computing prototype prototypes, and on this basis, designed and built the "University of Science and Technology National Shield Quantum Computing Cloud platform", attracting a large number of scientific research institutes and application institutions to participate in the research of quantum computing. The platform is connected to the same 176-bit superconducting quantum computer "Zuchong". It is the first quantum computing cloud platform in the world that has the potential to realize quantum superiority and is open to the outside world on the superconducting quantum route. The British National Quantum Computing Centre believes that the market demand for NISQ (medium-sized noisy) quantum computers will reach 20 billion pounds to 35 billion pounds in 2027, which has a wide range of applications.

Coverage for the first time, giving a "overweight" rating. We are optimistic that the company will continue to launch new products in the field of quantum encrypted communications and quantum computing to achieve China's breakthrough and leadership in this field. It is estimated that the revenue of the company from 2023 to 2025 will be RMB 1.64 million, respectively, and the net profit of return to the mother will be-0.64 billion, 0.02 and 0.68 million, respectively, and the corresponding EPS will be-0.79, 0.03 and 0.85, respectively.

Risk hint: downstream demand is lower than expected, product promotion is not as expected, profit and valuation are not as expected.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment